The decline from 0.8156 has resumed after brief recovery and further fall to 0.7761 (100% projection of 0.8156 to 0.7879 measuring from 0.8039) is likely, however, further sharp move below 0.7710/20 is not expected today and near term oversold condition

The single currency recovered after falling to 1.3860 earlier in Asia and consolidation above this level shall take place and minor correction to Kijun-Sen (now at 1.3967) but renewed selling interest is likely to emerge around 1.3980 (just above 61.8%

The greenback traded in relatively narrow range after falling to 94.08 in Tokyo session and further consolidation should take place, however, as price is still trading well below both falling Tenkan-Sen and Kijun-Sen, our bearish bias remains for the decline

Intraday bias in EUR/USD remains on the downside for the moment. As mentioned before, choppy corrective rise from 1.3747 has completed at 1.4196 already and fall from 1.4337 is likely resuming. Below 1.3747 support will confirm this case and target

Although the British pound is still under pressure and the decline from 1.6745 top remains in progress for fall to 1.5970/73 (50% projection of 1.6745 to 1.6095 measuring from 1.6298) , the bullish convergence on hourly chart suggests sharp move

The pre-planned long positions from key support levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator having not marked essential changes in the whole technical situation, as earlier gives grounds favoring probability of further rate range

On Tuesday Pound/Dollar formed a diversion on the 3 hour chart. The Cable made a significant downward movement of nearly 200 pips to the 1.6111 bottom, but further downward movement was limited and the currency pair closed the day at

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.

EUR/USD-market strategy can be a buy from the level 1.3905$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero

The EUR/CHF has been trading in a bearish trend-channel and dispenses its June gains bit by bit. Having the currency pair touched for several times the upper trend-channelline, the S1 pivot point seems now to intercept the bears. Also the

Much sooner than expected, General Motors Corporation ( NYSE : GMGMQ ) late last night was given the go-ahead on their plans to emerge from bankruptcy, with considerable assistance from the government. GM is now entitled to sell their most

Swiss power and automation technologies company, ABB Ltd. (NYSE: ABB ) last week announced it has landed a lucrative contract from UK's National Grid plc (NYSE: NGG ) for a 400 kV subsidiary station that is expected to generate electricity