The Dollar gyrated together with the Dow leaving the market breathless. In the meantime, headline on MarketWatch says “Bear Market: It’s now official”.
Posted on July 1st, 2008 by Soh Tiong Hum
Filed under: Technical Picture | No Comments »
Overhead resistance needs to be taken out now. Indicators show losing momentum. Still I would be happy to bring the euro home for the weekend than the dollar.
Posted on June 27th, 2008 by Soh Tiong Hum
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The fundamental arguments are compelling. The technical picture irresistable. Bulls have their say. Bears polish their claws.
One thing the candlesticks tell us: both sides are willing to stay on the sidelines until a clearer picture emerge.
Posted on June 25th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator, Technical Picture | No Comments »
Things may be falling into place for a key decision to be made. We got the USDJPY at a 38.2 retracement (106.67) of the weekly high-low which is likely to act as a strong resistance.
In the meantime, EURUSD is supported by the 61.8 retracement (1.5566) of the daily high-low while gold is also likely to have strong support at USD [...]
Posted on June 10th, 2008 by Soh Tiong Hum
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As a result, we have a rally in the EURO.
(IGM)The [GERMAN ECONOMY], at least, put in a storming performance in Q1, with [GDP]…
The [GERMAN ECONOMY], at least, put in a storming performance in Q1, with [GDP] rising by a much bigger than expected 1.5% q/q vs a 0.7% consensus f/c and accordingly the y/y pace [...]
Posted on May 15th, 2008 by Soh Tiong Hum
Filed under: Economic Indicator | No Comments »
