EUR/USD Weekly Outlook
EUR/USD's recovery extend further to as high as 1.2896 last week but is still limited below mentioned 1.2921 resistance. Considering that it's near to this resistance, we'll stay neutral initially this week. As long as 1.2921 resistance holds, we'd still expect fall from 1.3330 to resume sooner or later. Below Sat, 04 Sep 2010 10:01:54 GMT

USD/JPY Weekly Outlook
USD/JPY stayed in choppy sideway trading last week as consolidations for 83.61 continued. Initial bias remains neutral this week and some more consolidations could still be seen. Note that above 85.89 will bring stronger rebound. But even in such case, upside upside should be limited well below 88.25 support turned Sat, 04 Sep 2010 09:47:12 GMT

GBP/USD Weekly Outlook
GBP/USD dipped to 1.5326 last week but turned sideway since then. Initial bias remains neutral this week and some more consolidations could be seen. Nevertheless, upside is expected to be limited by 1.5596 resistance and bring resumption of fall from 1.5997. Below 1.5326 will target 1.5123 cluster support (50% retracement Sat, 04 Sep 2010 09:34:27 GMT

USD/CHF Weekly Outlook
USD/CHF dropped sharply to as low as as 1.0064 last week before recovering mildly. Initial bias is neutral this week and some sideway trading might be seen first. But still, short term outlook remains bearish as long as 1.0330 resistance holds and another fall is still expected. Below 1.0064 will Sat, 04 Sep 2010 09:33:35 GMT

AUD/USD Weekly Outlook
AUD/USD jumped sharply to as high as 0.9174 last week and the strong rise affirms the case that AUD/USD has not topped out yet. Initial bias remains on the upside this week for 0.9220 and then 61.8% projection of 0.8315 to 0.9220 from 0.8770 at 0.9329 next. On the downside, Sat, 04 Sep 2010 09:08:03 GMT

USD/CAD Weekly Outlook
USD/CAD had another attempt on 1.0675 resistance last week but failed and reversed sharply. Subsequent fall fro 1.0671 dragged daily MACD below signal line and suggests that rise from 1.0106 is already finished. More importantly, the development indicates that USD/CAD is still bounded inside recent range of 1.0106 and 1.0851. Sat, 04 Sep 2010 09:07:05 GMT

EUR/GBP Weekly Outlook
EUR/GBP's rebound from 0.8141 extended further last week and the break of 0.8281 resistance indicates that fall from 0.8530 is completed at 0.8141 already. Initial bias is mildly on the upside this week for 0.8361 resistance first. Break will target a test on 0.8530 next. On the downside, break of Sat, 04 Sep 2010 08:50:57 GMT

EUR/CHF Weekly Outlook
EUR/CHF's down trend extended to as low as 1.2850 last week but the cross formed a short term bottom there and staged a strong rebound. Initial bias is mildly on the upside this week as recovery from 1.2850 continues. Further rise could be seen to 1.3270/3455 resistance zone but upside Sat, 04 Sep 2010 08:43:14 GMT

EUR/JPY Weekly Outlook
EUR/JPY's consolidation continued last week and stayed in range of 105.42/109.54. Initial bias is mildly on the upside this week and further rise might be seen as consolidations continue. Nevertheless, upside is still expected to be limited by 111.09 cluster resistance and bring resumption of fall from 114.72. Below 107.45 Sat, 04 Sep 2010 08:28:24 GMT

GBP/JPY Weekly Outlook
While the rebound on Friday was strong, it's limited well below last week's high of 133.57 and thus, there is basically no change in the bearish outlook in GBP/JPY. Whole fall from 137.75 is expected to resume sooner or later after completing the current recovery. Break of 128.63 will target Sat, 04 Sep 2010 08:27:32 GMT

AUD/USD Mid-Day Outlook
AUD/USD's rally resumes after brief consolidations and reaches as high as 0.9165 so far. Intraday bias is back to the upside for 0.9220 first. Break will confirm that whole rise from 0.8066 has resumed and should target 61.8% projection of 0.8315 to 0.9220 from 0.8770 at 0.9329 next. On the Fri, 03 Sep 2010 13:07:41 GMT

EUR/USD Mid-Day Outlook
No change in EUR/USD's outlook. Recovery from 1.2587 could still extend further but after all, upside is expected to be limited by 1.2910 resistance and bring resumption of the fall from 1.3330. Below 1.2587 will target 61.8% retracement of 1.1875 to 1.3330 at 1.2431 next. Sustained trading below there will Fri, 03 Sep 2010 13:03:14 GMT

GBP/USD Mid-Day Outlook
No change in GBP/USD's outlook as it's still staying in consolidation in tight range above 1.5326. More consolidations could still be seen but after all, fall from 1.5997 is expected to continue with 1.5596 minor resistance intact. Below 1.5326 will target 1.5123 cluster support (50% retracement of 1.4230 to 1.5997 Fri, 03 Sep 2010 13:01:23 GMT

USD/CHF Mid-Day Outlook
USD/CHF's rebound from 1.0064 extends further to as high as 1.0237 so far and further rise could still be seen. But after all, note short term outlook remains bearish with 1.0330 support turned resistance intact and recent decline is still expected to continue. Below 1.0064 will target parity next. Note Fri, 03 Sep 2010 13:00:23 GMT

USD/JPY Mid-Day Outlook
USD/JPY's rebound from 83.66 extends further today and reaches as high as 85.20 so far in early US session. It now looks likely that such rebound is the third leg of consolidation from 83.61. Intraday bias will now be cautiously on the upside and further rise should be seen to Fri, 03 Sep 2010 12:52:11 GMT

Mid-Day Report: NFP Shows Solid Private Job Growth, Yen Tumbles, Commodity Currencies Soar
The Japanese yen is sharply lower in early US session after release of better than expected non-farm payroll report from US. Commodity currencies also soar broadly on risk appetite. European majors are relatively steady and Swiss Franc is indeed dropping sharply following yen. The headline non-farm payroll number showed -54k Fri, 03 Sep 2010 12:51:01 GMT

EUR/CHF Daily Outlook
EUR/CHF's consolidation from 1.2850 is still in progress and further recovery could be seen. But after all, upside is expected to be limited by 1.3143 resietance and bring fall reusmption. Breka of 1.2850 will target 100% projection of 1.4587 to 1.3072 from 1.3923 at 1.2408 next. Though, break of 1.3143 Fri, 03 Sep 2010 08:41:32 GMT

AUD/USD Daily Outlook
With 4 hours MACD crossed below signal line, a temporary top is in place and bias is turned neutral. Nevertheless, another rise is still expected as long as 0.8860 minor support holds. Above 0.9119 will target 0.9220. Break there will confirm that whole rise from 0.8066 has resumed for 61.8% Fri, 03 Sep 2010 08:33:19 GMT

USD/CAD Daily Outlook
USD/CAD's consolidation from 1.0666 might still continue and deeper retreat cannot be ruled out. But still, we'd expect downside to be contained well above 1.0246 support and bring another rise. Note that decisive break of 1.0675 resistance will further affirm our bullish view that medium term rebound is resuming and Fri, 03 Sep 2010 08:29:45 GMT

EUR/USD Daily Outlook
EUR/USD's recovery could still extend further but after all, upside is expected to be limited by 1.2910 resistance and bring resumption of the fall from 1.3330. Below 1.2587 will target 61.8% retracement of 1.1875 to 1.3330 at 1.2431 next. Sustained trading below there will argue that medium term decline is Fri, 03 Sep 2010 08:25:06 GMT