Stocks and Dollars

Intraday bias in EUR/USD remains neutral for the moment with focus on 1.4328 support. Break there will indicate that recent consolidations from 1.4939 is still in progress and should have started another falling leg. In such case, intraday bias will be flipped back to the downside for 1.4054 support first.

Intraday bias in GBP/USD remains neutral for the moment with focus on 1.6207 support. Break there will turn bias back to the downside and resume whole decline from 1.6618. Further break of 1.6110 will indicate that rise from 1.5780 is completed and will turn outlook bearish for this support. On

With 4 hours MACD crossed below signal line, a temporary top is formed at 0.8246 in USD/CHF and intraday bias is turned neutral. Note that USD/CHF has just faced strong resistance from medium term falling trend line and bearish divergence condition in 4 hours MACD. Break of 0.7769 support will

On Tuesday Pound/Dollar decreased with nearly 170 pips, in converse with the positive Interbank sentiment at nearly +1%. The Cable depreciated from 1.6420 to 1.6253 yesterday, closing the day at 1.6297. Today the British Pound is trading quietly, and within yesterday’s range for the time being. On the 1 hour

This month, the European confidence in the economic outlook weakened the most since December 2008, as a continuing debt crisis roiled markets and due to poor growth prospects across the 17-nation euro region. The European Commission in Brussels said today, that the index of executive and consumer sentiment in the

The sell dollar theme has continued into the early London session, however the major crosses are trading in a very tight range and as is traditional at the end of August, volumes are very thin. EURUSD is trading between 1.4418-1.4455, and USDJPY is trading in a 20 pip range between 76.55 and 76.75.

The US dollar edged higher against a basket of currencies but fell against the safe haven Swiss franc and Japanese yen. Later in the US session, the dollar pared some of its gains after the FOMC policy meeting minutes were released. The minutes expressed the Fed’s concerns about the high

European economic confidence decreased the most since December 2010 in August, the European Commission in Brussels announced on Tuesday. Specifically, the index slid from revised 103 points in July to 98.3 points this month.