EUR/USD: The Eurusd rallied towards 1.3587 levels after solid support was seen near 1.3500 levels on continuous talk of sovereign buying. Daily stochastic is showing upside momentum. Looking ahead today, Current Account data expected better. As mentioned earlier, If Euro stays below 1.3510 levels, we expect further downside towards 1.3425 levels. Short term: Slight bullis

Despite creeping back towards parity in late trading over Asia, the AUD/USD has been steadily declining over the European session and most recently pick up speed to the downside. The pair has lost around 40 pips in the last hour, and currently pushes the daily low at the 0.9900 barrier.

While we acknowledge that on the fundamental front today’s data was certainly not pretty, we also can not ignore intraday technicals which are showing severely oversold. The daily ATR has already been well exceeded and hourly studies are violently stretched. On the daily chart we see evidence of longer-term basing, and as such we like the idea of buying into this latest dip below critica

EUR/GBP's corrective rebound from 0.8284 resumed last week by breaking 0.8497 and reached as high as 0.8527 so far. Initial bias remains on the upside and further rise should be seen to 100% projection at 0.8544 and possibly above. But after all, price actions from 0.8284 are viewed as correction to fall from 0.8646 only. Hence, we'd expect strong resistance below 0.8646 to limit upside

Cable was pretty strong this week but despite of this strength EURGBP increased sharply and reached around 0.8500 within in a daily channel.

Green trendlines above are the weekly triangle I mentioned so many days ago and they are still in action.
But if you see my daily channel the upper bond in nigh and showing 0.8550 could be another retest of it, but here I want to write abou

Dollar is up across the board ahead of US opening, with gold below $ 1350 after better than expected US unemployment data. China high inflation readings past Asian session already triggered some dollar gains that current news only exacerbated.

Hourly chart show current candle opening below 20 SMA with indicators heading south and price approaching quickly to 1.3400 area, immediate sup

The pound was higher against its U.S. counterpart on Wednesday, trading close to an eight week high ahead of the release of U.K. employment data.
GBP/USD hit 1.6038 during European morning trade, the daily high; the pair subsequently consolidated at 1.6013, gaining 0.31%.
Cable was likely to find support at 1.5949, the day’s low and short-term resistance at 1.6058, Tuesday&

EUR/USD
As we said yesterday , as long as the euro above the 1.3230 over the short term the uptrend will be back , however and as we can see over the chart the Euro is testing the resistance level of the channel at 1.3390 but still no daily close above it and so not broken yet , however if the Euro failed to break the 1.3455 the market will have chance for correction downside toward the 1

AFB Daily report

http://afb.com.kw/uploads/reports/d2461659781145a0607ca10304d4137692e9b829.pdf

EURUSD: All Eyes on EZ FinMin Summit for Debt Crisis Relief GBPUSD: Inflation, Jobless Claims Data Eyed for BoE Bias Clues USDJPY: Hu Jintao’s US Visit, Corporate

Euro recovery from 106.80 low last Monday was capped at 111.00 area on Friday, and, after another failure at 110.95 on early Asian session, the pair given away more than 100 pips so far today, dipping below 110.00 to reach 109.80 low.

On the downside, below 109.80 session low, the Euro might find support at 109.55 (Weekly Pivot Point) and 108.70 (Jan 13 low)