Stocks and Dollars

China’s PMI manufacturing was unexpectedly expanded in December, as the new orders increased, indicating that the world’s second economy is surviving Europe’s debt crisis and a government-induced property slowdown at home.

The EURO closed lower on Tuesday as it consolidates some of the rally off January’s low. The lowrange close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends

The upside resistance didn’t work but yesterday’s low stalled just below the 99.60 support at 99.53. This now looks critical. I’d still prefer one more rally but we must break above the 99.95-00 pivot resistance to provide the eneergy for extension through 100.39 towards yesterday’s 100.88 high. This is

AUD/USD like the majors and other risk currencies preformed well during the late Asia and European session as the market grabbed at the idea of a fiscal treaty of 25 European nations as a positive step for the current crisis and reports that the ECB was about to release a

EUR/USD has recently completed the Clear Triangle chart pattern identified by Autochartist on the 4-hour charts. The overall Quality of this chart pattern is measured at the 5 bar level as a result of the low Initial Trend (rated at the 3 bar level), above-average Uniformity (6 bars) and near

While the price moves according to a possible variant of the wave counting. Supposedly the correctional wave [ii] of 1 in the form of an Flat. If this assumption is correct, in the framework formation it wave (c) of [ii], we can expect local appreciation US dollar against CHF.

China’s PMI manufacturing was unexpectedly expanded in December, as the new orders increased, indicating that the world’s second economy is surviving Europe’s debt crisis and a government-induced property slowdown at home.

The EURO closed lower on Tuesday as it consolidates some of the rally off January’s low. The lowrange close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends