Asian equity markets have extended modest gains seen in the prior session, tracking strong results from the consumer and tech space in Monday US trading. Entering the final hour in Tokyo, Nikkei225 is up 0.3% after briefly paring early gains to negative t…
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SP 500 futures closed above the 1112.75 resistance level today, which opens for a test of the 1128 level that is the break down level of the fall to 1040 earlier this year. The rumors that circulated Friday of a Greek bail out over the weekend proved to …
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Setbacks have stalled for now ahead of  1.3400 (61.8% fib retrace of the 2008-2009 low-highs), and although the overall structure remains bearish, the market looks as though it may be attempting to carve out a short-term base.

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Not a lot to talk about thus far on the day, with currencies mostly consolidating from their Tuesday rebound against the buck. The commodity currencies continue to stand out, although we are finally starting to see some desire for profit taking in Aussie and Cad given how overextended they are against the non-USD and Yen major currencies.

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The EUR/USD bounced back during the early European trade and crossed above the 20-Day SMA (1.3632) to reach a high of 1.3665, and the pair is likely to maintain the narrow range carried over from the previous week going into the North American as the European Central Bank is scheduled to announce its rate decision tomorrow at 12:45 GMT.

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Asian equity markets are modestly higher, shrugging the final hour selloff in the US session taking indices toward unchanged levels. Nikkei225 and Korea’s Kospi are up 0.3%, Shanghai Composite is gaining 0.2%, while SP/ASX led the region with a ……
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This pair is currently in a corrective rebound from 1.3430 which may reach even 1.3640 where some shorts shall be considered. On the other hand we have to remember about 30 pips of stop loss order as firmly breaking resistance at 1.3670 may easily set aga…
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