USD has short term upside, though consolidating

The USD is likely to experience some strength in the short term against the Yen. We can see in the chart that there is upside to 91.89. Thereafter I would expect it to preserve its consolidation for the next few months.--------------------------------------------Andrew Sheldon www.sheldonthinks....

Euro weakness in the short term

The Euro is coming under pressure because of the Greek, Portuguese and Spanish economic fears. I don't see much of a problem with this exposure, but its weighing on the market. There is talk of a bail out. It seems probable that the Euro is falling back to 1.2492 support, though there is an interim support level at 1.2969 which will need to be tested.The best outcome for the Eurozone would be for...

Australian dollar has strong short term outlook

Stronger commodity prices and a strong economy are likely to give short term confidence to the AUD. The currency is currency trading within an expanding envelope, which will eventually break down.In this case we can look for resistance at the 90c mark in the short term, before rising to 92.44c level in the medium term. I would thereafter expect weakness in the AUD down to 84.58c.The sustainability...