EUR/JPY: Euro Buoyed by Positive Signs of Euro Zone Recovery

The Euro is deemed to outclass the Japanese yen today as signs continue to emerge that worst of the Euro Zone crisis has passed. A business survey suggested that the economy is recovery while the European Central Bank’s balance sheet shrank to the smallest in almost a year after banks started to repay emergency loans. In contrast, Bank of Japan Governor Masaaki Shirakawa’s move to leave office earlier than expected is seen to weigh further on the Yen.

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Technical forecast for EUR/USD

EURUSD broke below our first support at 1.3555/1.3530 as we head for very good support at 1.3465/55 and a buying opportunity today. However longs need a stop below

Today’s technical forecast for Energy Futures

Forecast for 1st February 2013 March Brent Crude beat resistance at 115.13/25 area and shot straight to our next target at 115.91/116.02. We have so far topped at exactly 115.91

Technical forecast for US and Euro Stock markets

Dow Jones Industrial Average Future is closing in on our target of 13932 topping just a fraction below at 13919. We are drastically over bought so we warned

Technical forecast for EUR/USD

EURUSD has hit major long term resistance at 1.3479/91 from the 2012 high and weekly 50% Fibonacci target plus we have the 200 week moving average just above

Today’s technical forecast for Energy Futures

March Brent Crude fell back towards 112.55/49 which we stated should provide a good buying opportunity as we look for a low for the day and the low

Technical forecast for EUR/USD

EURUSD broke resistance is at 1.3395/1.3405 but failed just below the 2012 high of 1.3486. We are approaching major long term resistance now here therefore. The weekly

Technical forecast for EUR/USD

EURUSD has been stuck in a range from 1.3270/50 up to 1.3395/1.3404 for the past 2 week now. W can trade this range while we wait for a

Fundamentals, Technicals Drive British Pound Higher

The British Pound strengthened this morningafter the Bank of England said inflation may continue to accelerate above its 2percent target, reducing the chances that the central bank will

U.S. Dollar Higher, but Giving Up Some Gains

The U.S. Dollar is trading higher at themid-session but giving back some of its earlier gains. The catalyst behind today’s strength isfresh worries about sovereign debt issues in the