With an unsuccessful test of its channel resistance, USDJPY sold off sharply Thursday to close lower at 95.81. We retain our call for downside weakness while the pair maintains within its declining channel suggesting that weakness should shape up towards

Having turned off the 1.4177 level, its Jun 11'09 on Wednesday and followed through lower on Thursday, potential for further downside weakness continues to be seen though an early morning recovery higher was seen today. With this view supported by

Dollar-Swiss has once again risen towards 1.09 during the day and has come off a little since then. It is likely to continue trading in a range as during the US session, trading is likely to be muted as the

Dollar/Yen made a downward movement on Thursday. The currency couple made a peak at 96.87, than dropped to 95.76 bottom, closing the day at 95.92. On the 1 hour chart is seen that the currency couple moves around a trend

EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature - flat correction. Wave A of it finished at 1.2549 (4 December 2008)

MoneyGram International, Inc. ( NYSE: MGI ), a leading global money transfer company, saw a share price surge yesterday of almost 40% after the company announced that they have signed a deal with the largest bank in the Middle East

KeyCorp (NYSE: KEY ) has been struggling to pass the governmental stress test and their capital raising efforts seem to have finally paid off. The company announced that their latest common stock offering was successful in generating $540 million of

Micron Technology ( NASDAQ : MU ) reported on Friday their results for the third quarter ended June 4 Th , a loss of $290 million or 36 cents per share on a revenue of $1.1 billion - however after

Industry analysts said traffic to the showrooms slowed down towards the end of the June as implementation of the government-funded 'cash for clunkers' program stayed hanging in the balance two weeks after its approval by the Congress. Besides, shipments to

In a new twist to backdowns that have of late dogged the Formula One world, Toyota Motor Corporation (NYSE: TM ) is reportedly mulling over distancing itself from hosting the 2010 Japanese Grand Prix. The carmaker was designated to play

The U.S. labor market continue to suffer from great weakness, as rising unemployment continue to undermine economic growth in the world's largest economy, in addition to tightened credit conditions, and diminishing wealth, as all continue to weigh down on consumer

As expected, the ECB left interest rates unchanged in July at 1.00% and provided very few changes to their outlook for inflation and the Eurozone economy. The only notable change in language was the downgrading of inflationary pressures from "moderate"

The USD continued its modest recovery as the holiday-shortened week drew to a close. Officials downplaying the reserve currency topic at next week's G8 summit initially aided the USD. Following the US payroll data, the risk aversion theme crept back

The yen and dollar are down against riskier rivals Friday morning after market sentiment picked up on stronger crude and equities. However, trading has been volatile and largely range bound, indicative of the market's uncertainty ahead of next week's Federal

At the ECB press conference, held after the announcement to hold the minimum bid rate at 1%, as expected, Mr. Trichet re-iterated on Thursday the same messages as in the last few press conferences. The euro-area economy is going through

The data released in the second quarter of the current year were better than those released in the first quarter when the economy witnessed the worst economic recession since WWII. The ECB today left the interest rate unchanged at 1%

The greenback strengthened against the majors following the highly anticipated June jobs report, pushing the euro toward the 1.40-figure and the sterling to 1.6330. The US equity bourses fell sharply, with the Dow Jones, S&P 500 and Nasdaq all lower

The refinancing rate was unchanged at 1.0% as expected. Trichet did not signal that further rate cuts are in the pipeline, although he did again say that the governing council had not decided that 1% is the lowest level. With

The U.S. trading week is ending in completely the opposite fashion to its demure start thanks to yet another resounding number of jobs lost during the month of June. As a result of a payroll report reading 467,000 losses and

The US employment report for June showed a larger than expected decline in employment. Although some of this was due to the unwinding of temporary census-related hires by the federal government, subtracting these 49K still leaves the overall report a