Stocks and Dollars

As we all recover from our plentiful Christmas feasts, some of us stumble back into the office, while others (the preferred) are still lounging on couches contemplating what (if anything) to do for New Years eve festivities. As you can tell I am one of the few that has found

The AUD/USD is breaking above its narrow consolidation area. This slow crawl has the market now trading at a triangle resistance. A break above the Dec 21 high near 1.0220 would reflect a clean break above the triangle. A subsequent throwback that does not break below the 1.0180 area can

Continued bearishness remains intact following the cross’s failure at the 102.52 level, its Dec 21′2011 low. This leaves the risk of an eventual return to its Dec 15′2011 low at 101.02 on the cards where a violation if seen will create scope for further declines towards the 100.75 level, representing

Another slow trading day with thin volumes, but at least CNBC Europe provided live coverage, unlike Monday. As the day progressed, risk appetite slowly eased out of the FX market. Equity indices had a mixed morning with shanghai composite posting marginal 0.18% gain and the Hang Seng dropped -0.69%. General

The outlook for EUR/USD is from neutral to positive, since the indicators suggest a rather calm day for the pair. The initial resistance is located at 1.3082, ahead of 1.3200 and 1.3324. Supports, on the other hand, may be found at 1.3041, 1.2917 and at 1.2800 as well.

Italian government bonds fell on Tuesday, pushing three-year and ten-year yields higher before an auction on Thursday, where Rome plans to sell 8.5 billion of debt, as investors are worried the euro zone’s third-largest economy may lose access to financial markets.

On Tuesday Pound/Dollar increased with 105 pips. The Cable appreciated from 1.5596 to 1.5702 yesterday, in line with the positive Interbank sentiment at almost +38%, closing the day at 1.5668. Today the British Pound is trading quietly, and within yesterday’s range for the time being. On the 1 hour chart

Another slow trading day with thin volumes, but at least CNBC Europe provided live coverage, unlike Monday. As the day progressed, risk appetite slowly eased out of the FX market. Equity indices had a mixed morning with shanghai composite posting marginal 0.18% gain and the Hang Seng dropped -0.69%. General