EUR/JPY Mid-Day Outlook
EUR/JPY recovers mildly after dipping to 116.42 and at this point, further fall is still in favor as long as 124.41 minor resistance holds. Retest of 113.63 low should be seen and break there will confirm that medium term down trend has resumed. On the upside, though, above 124.41 will... Fri, 21 Nov 2008 07:26:29 +0100

EUR/USD Mid-Day Outlook
EUR/USD's recovery continues in early US session and short term outlook remains unchanged. Recent development argues that triangle consolidation from 1.2329 is near to completion. Having said that, the current recovery is expected to be limited below 1.2819 resistance and bring fall resumption to next target of 50% retracement of... Fri, 21 Nov 2008 07:22:50 +0100

GBP/USD Mid-Day Outlook
GBP/USD's break of 1.4990 minor resistance turns intraday outlook neutral or the moment and argues that consolidation from 1.4557 might still be in progress. Further upside to 1.5249 or above cannot be ruled out. But still, upside is expected to be limited by 1.5600 cluster resistance and bring resumption of... Fri, 21 Nov 2008 07:20:58 +0100

USD/CHF Mid-Day Outlook
USD/CHF retreats mildly after hitting 1.2966 earlier today, after meeting mentioned 100% projection of 1.0693 to 1.1746 from 1.1208 at 1.2261. Though, intraday bias remains on the upside as long as 1.2097 minor support holds. Sustained trading above 1.2261 will set the stage for further rise to next target of... Fri, 21 Nov 2008 07:17:45 +0100

USD/JPY Mid-Day Outlook
At this point, further downside is still in favor as long as 96.24 minor resistance holds. As discussed before, rebound from 90.92 has possibly completed at 100.54 already and retest of this low should be seen. However, on the upside, above 96.24 will turn intraday outlook neutral again. Also, further... Fri, 21 Nov 2008 07:15:12 +0100

USD/CAD Mid-Day Outlook
USD/CAD retreats mildly after extending rally to as high as 1.2984, just inch below 1.3015 high. At this point, though, intraday bias remains on the upside as long as 1.2545 minor support holds. Firm break of 1.3015 will confirm that medium term up trend has resumed and should target 61.8%... Fri, 21 Nov 2008 07:07:22 +0100

Mid-Day Report: Dollar and Yen Continue to Retreat as Improved Sentiments
Economic data takes a back seat again today as investors sentiment turned follow the speculations of Citigroup's sale. Asian stock markets shrugged off a lower open and rebounded strongly. The strength carried on to European markets which could pass on to the US markets too. Dollar and yen retreat from... Fri, 21 Nov 2008 07:06:26 +0100

GBP/JPY Daily Outlook
GBP/JPY breached 139.02 low and reaches 137.62 before recovering mildly. Short term outlook remains bearish as long as 147.90 resistance holds and further fall is expected to next target of 200% projection of 215.87 to 184.47 from 197.42 at 134.62. On the upside, though, above 147.62 will argue that consolidation... Fri, 21 Nov 2008 02:21:22 +0100

AUD/USD Daily Outlook
AUD/USD's fall extends further to as low as 0.6705 before recovering mildly. At this point, intraday bias remains on the downside as long as 0.6419 minor resistance holds and further fall should be seen to retest 0.6008 low. On the upside, above 0.6419 will turn intraday outlook neutral again. Further... Fri, 21 Nov 2008 02:18:18 +0100

EUR/USD Daily Outlook
EUR/USD recovers mildly after hitting inner trend line support. Recent development argues that triangle consolidation from 1.2329 is near to completion. Having said that, the current recovery is expected to be limited below 1.2819 resistance and bring fall resumption to next target of 50% retracement of 0.8223 to 1.6038 at... Fri, 21 Nov 2008 02:12:22 +0100

GBP/USD Daily Outlook
GBP/USD weakens further to 1.4713 but recovers mildly. Nevertheless, intraday bias remains on the downside as long as 1.4900 minor resistance holds and further fall should be seen to retest 1.4557 low first. Break will confirm that recent decline from 1.6671 has resumed for 100% projection of 1.7630 to 1.5269... Fri, 21 Nov 2008 02:07:55 +0100

USD/CHF Daily Outlook
USD/CHF's rally extends to as high as 1.2296, meeting mentioned 100% projection of 1.0693 to 1.1746 from 1.1208 at 1.2261. At this point, intraday bias remains on the upside as long as 1.2097 minor support holds. Sustained trading above 1.2261 will set the stage for further rise to next target... Fri, 21 Nov 2008 02:04:08 +0100

USD/JPY Daily Outlook
USD/JPY dives further to as low as 93.55 before recovering mildly. At this point, intraday bias remains on the downside as long as 96.24 minor resistance holds. Further fall is expected to retest 90.92 low first. On the upside, above 96.24 will turn intraday outlook neutral again. Also, further break... Fri, 21 Nov 2008 01:55:29 +0100

Daily Report: Dollar and Yen Pare Overnight Gains as Stocks Rebound
Dollar and yen give up some overnight again today as Asian stock markets rebound after opening sharply low. Risk aversion initially dominated the markets as S&P 500 tumbled 6.7% to11 year low of 752.44 and after more than a month of consolidation, DOW finally broke 7884 low in Oct 10... Fri, 21 Nov 2008 01:53:12 +0100

Yen Surges on Another Day of Stock Market Crash
The Japanese yen surges across the board in US session following another day of crash in the US stock markets. S&P 500 tumbles 6.7% to 752.44, breaking though 2002 bear market low of 776.76 and made a new 11 year low. After more than a month of consolidation, DOW finally... Thu, 20 Nov 2008 16:04:31 +0100

USD/CAD Mid-Day Outlook
USD/CAD's rally continues as expected and reaches as high as 1.2786 so far. At this point, intraday bias remains on the upside as long as 1.2545 minor support holds. Further rally is expected to test 1.3015 high. Break will confirm that medium term up trend has resumed. On the downside,... Thu, 20 Nov 2008 08:48:27 +0100

EUR/JPY Mid-Day Outlook
EUR/JPY's break of 120.20 minor support flipped intraday bias back to the downside and argues that fall from 131.02 is resuming. Break of 117.67 will confirm this case and bring retest of 113.63 low first. On the upside, above 124.45 is needed to turn bias back the the upside and... Thu, 20 Nov 2008 08:44:49 +0100

EUR/USD Mid-Day Outlook
Not change in EUR/USD's outlook as its still bounded in converging range today . Intraday outlook remains neutral as long as 1.2389 minor support holds. Another rise cannot be ruled out towards 1.3290 high but , upside is expected be limited below 1.3768 cluster resistance and bring down trend resumption.... Thu, 20 Nov 2008 08:25:27 +0100

GBP/USD Mid-Day Outlook
GBP/USD's break of 1.4900 minor support indicates that recovery from 1.4557 has completed at 1.5249 after being limited by 4 hours 55 EMA. Intraday bias is now back to the downside for retesting 1.4557 low first. Also, recent decline should be resuming for 100% projection of 1.7630 to 1.5269 from... Thu, 20 Nov 2008 08:21:38 +0100

USD/JPY Mid-Day Outlook
USD/JPY dips further to 94.63 in early US session and as this point, intraday bias remains ont he downside as long as 97.13 resistance holds. As discussed before, with 4 hours MACD staying below signal line, fall from 100.54 is likely resuming. Break of 94.47 will confirm this scenario and... Thu, 20 Nov 2008 08:17:14 +0100