Stocks and Dollars

EUR/JPY’s fall from 111.43 accelerated to as low as 100.20 last week and there is no so sign of bottoming yet. Initial bias remains on the downside this week and current decline should extend to retest 97.03 low next. On the upside, above 101.90 will turn bias neutral and bring

After initial dive to 0.7949, EUR/GBP formed a short term bottom there and rebounded. Initial bias remains mildly on the upside this week for further rally to 38.2% retracement of 0.8505 to 0.7949 at 0.8161. But upside should be limited there and bring another decline. Below 0.8024 minor support will

No change in EUR/CHF’s outlook as the sideway consolidation continued. Near term Outlook remains neutral and more consolidative trading could be seen inside 1.2000/2034 zone. Downside of any selloff attempt should be contained by SNB’s 1.2 floor and bring recovery. On the upside, breach of 1.2034 could be seen on

It was a pivotal week for the Eurozone after Greece announced that it was heading back to the polls after the top three parities failed to form a coalition government. So now Greece is leaderless, there is a caretaker government in place but it won’t be able to enforce the

It was a pivotal week for the Eurozone after Greece announced that it was heading back to the polls after the top three parities failed to form a coalition government. So now Greece is leaderless, there is a caretaker government in place but it won’t be able to enforce the

The EUR/USD has continued to make lower lows but has slowed the decline considerably as we end the week. The 1H chart shows an extended bullish divergence that corresponds to price action in a slightly downwards channel. As we get into the 5/18 US trading session, it is testing the

The EUR/USD has continued to make lower lows but has slowed the decline considerably as we end the week. The 1H chart shows an extended bullish divergence that corresponds to price action in a slightly downwards channel. As we get into the 5/18 US trading session, it is testing the

Despite intra-day resumption of recent upmove to indicated projection target at 0.9500 (1.236 times projection of 0.8931-0.9335 measuring from 0.9002), as dollar has retreated from there, suggesting consolidation would be seen and retracement to minor support at 0.9421, then the lower Kumo (now at 0.9410) is likely but 0.9372-79 (previous