Dollar dropped sharply last week as stocks in US rebounded strongly and gold resumed up trend to new record high above 1100 level. Fed's pledge to keep rates low for an extended period of time also gave the greenback some

EUR/USD rebounded strongly after dipping to 1.4626 last week. Initial bias is still mildly on the upside this week and further rise cannot be ruled out. But after all, upside is expected to be limited by 1.5061 resistance and bring

Some choppy price actions were seen in USD/JPY last week but after all, upside was limited below 91.60 resistance and thus, there is no change in the short term bearish outlook. Rebound from 88.00 should have completed at 92.31 already

GBP/USD rebounded strongly last week and the break of 1.6603 resistance mixed up the short term outlook. Consolidation from 1.6692 might have completed at 1.6261 already. Initial bias is mildly on the upside this week and further rise could be

USD/CHF dropped sharply after edging higher to 1.0337 last week. With 1.0224 minor resistance intact, initial bias remains mildly on the downside this week and deeper fall could still be seen. But still, downside is expected to be contained above

AUD/USD edged lower to 0.8915 last week but few strong support from medium term channel and rebounded. The break of 0.9180 resistance argue that the choppy correction from 0.9326 has completed. Initial bias is mildly on the upside this week

USD/CAD pulled back sharply after edging higher to 1.0851 but such pull back was contained at 1.0593 and USD/CAD rebounded strongly towards the end of the week. Initial bias is mildly on the upside this week for a test on

EUR/GBP's recovery lost steam after hitting 4 hours 55 EMA and turned sideway. Initial bias remains mildly on the downside this week. Break of 0.8911 will indicate that correction from 0.9410 has resumed and should target 100% projection of 0.9410

EUR/CHF continued to gyrate in established range last week and outlook remains unchanged. Risk remains on the downside with 1.5238 resistance intact and another fall cannot be ruled out. But even in that case, downside should be contained by 1.5007

EUR/JPY recovered strongly last week but after all, upside was limited below 135.97 resistance and thus retain the near term bearish outlook that fall from 138.47 is still in progress. Friday's fall and touching of 133.24 minor support, with 4

GBP/JPY rebounded strongly after dipping to 146.36 last week but after all, such rebound was limited at 151.21, below 151.72 resistance and thus retain the bearish outlook. That is, rise from 139.69 should have completed at 153.21 already. Friday's break

Cable’s retreat after faltering below resistance at 1.6637 (yesterday’s high) suggests further consolidation would be seen but only below 1.6517 would add credence to this view and extend fall to 1.6467 and then the Kijun-Sen (now at 1.6449) but reckon

Despite intra-day brief bounce to 1.0202, as dollar has fallen again from there, suggesting the decline from 1.0338 may extend to 1.0080/85, however, only break of recent low at 1.0033 would confirm medium term downtrend has resumed and extend weakness

Despite intra-day brief retreat to 1.4814, as the single currency has rebounded sharply from there, suggesting bullishness remains for the rise from 1.4626 to extend gain to 1.4950 and then test of 1.4981 (previous support turned resistance) but only break

Although dollar slipped after the release of U.S. jobs report and weakness to 89.50 cannot be ruled out, only break of support at 89.18 would confirm the correction from 88.01 has ended at 92.33 and further fall to next support

EUR/USD dips sharply in early US session but after all, it's still held above 1.4777 minor support and intraday bias remains on the upside for the moment. Further rally could still be seen but upside should be limited below 1.5061

GBP/USD dips sharply in early US session but it's still held above 1.6465 minor support. Intraday bias remains mildly on the upside for the moment. As noted before, consolidation from 1.6692 might have completed at 1.6261 already and further rise

USD/CHF recovers in early US session but after all it's still limited below 1.0224 minor resistance. Intraday bias remains mildly on the downside for the moment and fall from 1.0337 might extend further. But still, downside should be contained above

USD/JPY falls sharply in early US session and is set to dip further. Break of 89.99 minor support will suggest that recovery from 89.44 has completed at 91.26 already and will flip intraday bias back to the downside. As noted

Yen rebounds sharply on risk aversion follow worst than expected non-farm payroll report from US. Job market contract slightly more than expected by -190k in October, worse than consensus of -165K. Though, that was somewhat leveled off by upward revision