Stocks and Dollars

Presumably, within the framework the alternative scenario, is completed wave [i] of 1. Supposedly, at the moment begining formation of correctional wave [ii] of 1. If this is the cases within the framework its formations can be expected local movement of the price downward

This week, 3 fundamental releases will give us a good idea of the UK’s economic performance in January, as we look at the latest manufacturing, services, and construction PMI’s. These releases can either improve the GBP’s fortune as recent week have seen rising unemployment and a contraction in growth for

Last night’s EU summit didn’t provide any major surprises for the market. Instead, European officials discussed exactly what investors expected them to, such as bringing forth the implementation of the ESM to July and negotiating a fiscal compact. Despite the neutral data flow last night, falling equity markets and record

The bears had the upper hand last night. The S&P500 is currently down 0.8% but was 1.4% lower early in the NY session and has broken technical channel support dating from 21 December. The main driver appeared to be Greece’s rejection of a proposal to appoint an independent fiscal overseer,

The Japanese industrial production rose more than analysts forecasted during December, where the manufacturers bolstered their production to make up for disruptions caused by Thailand’s worst floods in 70 years.

The greenback is broadly higher as risk sentiment declined amid EU debt concerns and weak U.S. personal spending figures. The USD is firmer against all of its G10 counterparts except the Japanese yen which is outperforming as a haven. USD/JPY fell to lows that have not been seen since the

Asian Markets are set to open lower after U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third day, as European leaders sparred with Greece over a second rescue program.

No move higher yesterday but a messy pullback. I’m now expecting the worst in terms of complexity in a corrective pattern. Unfortunately this opens up a variety of alternatives and we’ll have to tick them off as each breaks down. First of all there is resistance at 1.5720-29. If this