AUD/USD dipped further to as low as 0.7722 last week but struggled to take out 55 days EMA as well as 0.7710 cluster decisively and turned sideway. Initial outlook is neutral this week and some consolidation might be seen. While

EUR/USD turned into sideway trading after dipping to 1.3832 last week. From a short term angle, initial outlook is neutral this week and some consolidation might be seen. But after all, we's still favoring the bearish case that fall from

GBP/USD dived sharply to as low as 1.5983 last week before turning into sideway trading. With an intraday low in place, some consolidation might be seen initially this week. However, note that we're favoring the case that GBP/USD has already

USD/JPY's strong break of 93.53/84 support zone and steep dive to 91.79 last week invalidated our bullish view and indicates that USD/JPY has indeed topped out at 101.43 already. With an intraday low in place at 91.79, initial outlook is

USD/CHF continued to gyrate inside range of 1.0630/1.1021 last week without making any progress. At this point, we're still treating price actions from 1.1021 as consolidation to rise from 1.0630 only. Hence, while some more sideway trading might be seen

Cable has fallen after testing the 21-DMA and is likely to rise from hereon after taking Support at 1.6190-60. We shall have to see how, things turn out during the US session. Till this Support holds, a rise towards 1.65

USDJPY: Our outlook for the pair remains to the downside while maintaining its current weakness and holding within its declining channel. Loss of the 93.89 level, its May 22'09 low has resumed its short term downtrend triggered off the 101.43

GBPUSD: The pair's declines started at the 1.6742 level, its YTD high saw a respite Thursday halting and rallying sharply higher to close yesterday at 1.6295. With a clearance of key levels of resistance seen, GBP should target more upside

Price action on EUR/USD, a daily chart of which is shown, once again retraced back up to re-test a key uptrend line on Thursday after having broken down below the same trendline in the beginning of the week. This bullish

Euro rose against the dollar confirming the sideways formation and the absence of a basic trend. The basic ranges are set between 1,3800 and 1,4150-00 , and in case of an extensive move, the ranges are set at 1,4340-00 and

While the US economy struggles to get back on track, another period of earnings announcements is at hand. Analyst estimates do not promise an easy time for most of the reporting entities. The long awaited reporting season was started by

Despite posting results below analyst expectations, Lawson Software, Inc. ( NASDAQ : LWSN ) nonetheless showed a nearly triple increase on their profits posted for the fourth quarter. Net income of Lawson improved from the comparable quarter last year to

The luxury retail business seems like it should be the first to fall when consumers cut back on spending. And such companies, while still kicking, are also feeling the rough economic conditions just like everyone else, as well as increased

Prominent manufacturer of transportation equipment, The Greenbrier Companies (NYSE: GBX ) has announced a wide fiscal third quarter loss driven by goodwill write-downs and soft demand, as the company currently locked in a contract dispute with General Electric Company (NYSE:

Shares of cyberspace giant, Google Incorporated (NASDAQ: GOOG ), continued to hold up in pre-market trading after a buoyant close during regular trading hours on Wednesday, propelled by the company's declaration to deliver the missing link of the computing landscape

Overall, the currency market has entered again into a risk-aversion mode, having the major currencies shed every pip gained on Thursday. The market may have been sent lower, as rumors surfaced that IMF is in talks with 10 Eastern European

In Currencies: The USD was firmer ageist the European pairs as market participants analyst the G5 and China comments on reserve currencies. The FT article stresses that China 'Attacks Dollars Dominance' but under the surface of the headline the story

US trade balance for the month of May is scheduled today at 12.30 GMT, it may well the most important data release for the week. Market expectations are for a slightly higher trade deficit of $30Bln, after $29.2Bln in April,

The wave like pattern in risk appetite is a testament to the lack of constant drivers and summer trading. Yesterday saw a recovery in risky assets and today risk sentiment is on the decline. Asian equity markets closed lower and

Risk aversion was evident in the market again today. Stocks are generally down in Europe, EUR/USD is lower and the yen has made additional progress. Yen gains accelerated around the London open before running into sellers, USD/JPY is modestly lower