Daily Pivots: (S1) 0.8636; (P) 0.8696; (R1) 0.8742; More No change in AUD/USD's outlook as the pair continues to engage in choppy sideway trading in tight range above 0.8951. There is no confirmation of a short term bottom yet and

The rapid increase in food and energy prices over the past year has boosted headline inflation in both Euroland and the US to levels not seen since the early 1990s. Speculation concerning the outlook for inflation given recent oil price

EUR/USD closed higher on Tuesday due to short covering as it consolidated some of this month's decline. The high- range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but are

8/20/2008 - EUR/USD - In what amounts to a continuing low-volatility consolidation in the major pairs, EUR/USD (an hourly chart of which is shown) has formed a short-term parallel downtrend channel. This gradual down-channel consolidation is expressing the remnants of

Current level-1.4752 EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5227. Yesterday's break above the crucial 1.4701 has set

For a few days the updates have been on the Eur/Usd wave counts, to monitor any dollar strength or weakness. I am also still watching the correction waves on Usd/Cad, and today we are expecting the monthly retail sales report

USD/JPY 110.27 - 20 August USD/JPY Open 110.52 High 110.28 Low 109.57 Close 109.68 The US Dollar renewed its upward movement yesterday against the Japanese Yen climbing from Tuesday's bottom 109.57 to today's top 110.28, which are the first support

GBP/USD 1.8624 - 20 August GBP/USD Open 1.8659 High 1.8684 Low 1.8543 Close 1.8662 The British Pound climbed significantly yesterday against the US Dollar from Tuesday's bottom 1.8543 to today's top 1.8684, which are the the first support and resistance

Summary and conclusions Our first article considers some of the structural changes that are shap-ing both the political and economic realities of our times. We argue that the Russian-Georgian conflict highlights that the world order is changing and that the

Daily Pivots: (S1) 1.0580; (P) 1.0623; (R1) 1.0654; More . USD/CAD's consolidate from 1.0727 continues today and dips mildly in early US session. Outlook remains unchanged. Further consolidation is still in favor and another fall could be seen to 38.2%

Daily Pivots: (S1) 1.0580; (P) 1.0623; (R1) 1.0654; More . USD/CAD's consolidate from 1.0727 continues today and dips mildly in early US session. Outlook remains unchanged. Further consolidation is still in favor and another fall could be seen to 38.2%

Daily Pivots: (S1) 204.01; (P) 204.69; (R1) 205.51; More GBP/JPY is still bounded in choppy sideway trading today. As discussed before, consolidation from 202.50 should be relatively brief as long as 207.27 minor resistance holds. Below 202.50 low will indicate

Daily Pivots: (S1) 109.39; (P) 109.86; (R1) 110.18; More . USD/JPY continues to stay in tight range in early US session. As discussed before, a short term top is in place with bearish divergence condition in 4 hours MACD and

Eur/chf is down from the July 31st high at 1.6395, potentially completing an important top (end of the whole 3 wave correction from the March low at 1.5450 A-B-C, see numbering on daily chart below), and suggesting further declines back

Daily Pivots: (S1) 1.8577; (P) 1.8627; (R1) 1.8719; More Cable is still engaging in choppy sideway trading in early US session. Though, such consolidation is still expected to be relatively brief as long as 1.0878 minor resistance holds. Below 1.8515

EURUSD Extended the decline from 1.6040, historical high, 1.4659, 15 Aug low, to reach 1.4631 yesterday, ahead of the latest rebound through 1.4768 lower top to test 1.47941.4807 area. Reversal is now seen, scope for 1.4709/1.4686 zone to contain, ahead

Credit fears and inflation worries in the world's largest economy continued to mount up as the stock markets yesterday witnessed another plunge. The issue concerning Fannie Mae and Freddie Mac remains of major concerning as the maturity date for their

DATA SZ July M3 Money Supply Y/Y: 1.5% v 1.9% prior || Prior revised from 1.5% to 1.9% UK July Public Finances: -£12.6B v -£10Be || Prior revised from £15.5B to £15.3B UK July Net Borrowing: -£4.8B v -£4.3Be ||

Current Futures: Dow +37.00, S&P +3.70, Nasdaq +7.50 The global markets look a little lost at the moment, both for direction and for motivation, and it seems that this will likely be how August goes, with equity, commodity, bond and