Ikonfx.com (Beijing) - Ikonfx.com (Beijing) - Despite moving to the downside in the previous two days trade EUR/JPY pair has found some strength in early Asian trading. Pair bounced from session lows of 131.24 but seems to be consolidating in current trade, pair quoting at 131.78 best forex trade.
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Ikonfx.com (Beijing) - The greenback also reversed higher against the Australian dollar, a proxy for investors' appetite for commodities-related, higher-yielding currencies. One Aussie bought 91.12 U.S. cents versus 91.17 late in the prior session follow forex monetary policy.
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Ikonfx.com (Beijing) - The U.S. dollar reversed higher against the euro and pared declines against other rivals Tuesday, after a steep drop in U.S. pending home sales fueled demand for the greenback as a safe-haven currency in forex market trade.

The dollar index (DXY), which tracks the U.S. currency against a trade-weighted basket of six major rivals, rose to 77.63, up from 77.503 late Monday and 77.34 earlier in the session.
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Ikonfx.com (Beijing) - EUR/USD Current price: 1.4357. Breaking lower pair remains under selling pressure after earlier break and confirmation under 1.4400 zone, base of this week range. Approaching to past Tuesday low and acceleration trough 1.4345 likely to supports further falls during current session in forex market.
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Ikonfx.com (Beijing) - GBP/USD Current price: 1.5970. Pound extended past Mondays’ fall, and quotes barely above Tuesday low of 1.5965. Hourly 20 SMA remains bearish well above current price, while pair froex investment has lost downside momentum.

“However, 4 hours charts remain strongly bearish, suggesting a break trough that low, likely to trigger further selling in the pair,” said zhang ge, collaborator at Ikonfx.com. Corrective upside movements if seen, should remain capped by 1.6010 1.6060 resistances.
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Ikonfx.com (Beijing) - USD/JPY Current Price: 91.63. Pair rebounded at 91.15 after market acknowledged Japan Minister Fujii resigned mid afternoon Tuesday. Still looking bearish in the hourly chart, pair needs to break under 91.10 support to accelerate the fall, with a probable target for next session around 90.50.
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Ikonfx.com (Beijing) - Global stock markets continued in a bullish tone today as market players continued establishing new positions, taking equities upwards. In the US the major indices all pushed forward, with S+P and NASDAQ hitting 15 and 16 month highs respectively. Nikkei opened marginally up, gaining 30 bps on last nights close in [FONT-SIZE=4]forex data[/FONT-SIZE].
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Ikonfx.com (Beijing) - Aussie at 0.9120 not looking to threaten the earlier high of 0.9125 yet during the currency trade!!

zhang ge, collaborator at Ikonfx.com guides us on the technicals: “Breaking lower pair remains under selling pressure after earlier break and confirmation under 1.4400 zone, base of this week range. Approaching to past Tuesday low and acceleration trough 1.4345 likely to supports further falls during current session. “
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Ikonfx.com (Beijing) - Gold shed $3 some of yesterdays gains today, coming off 2010 highs, down $8 from the high to trade at $1117. The initial flurry of optimism has ceded slightly as sentiment moves to risk aversion. This session Gold has paused, flat to the open and consolidated current level. Kiwi has traded slightly on the downside, lower 16 pips of forex assets.
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Ikonfx.com (Beijing) - Nikkei has levelled off in early trade, despite gapping open nearly 30 bps initially. Dollar has benefited today from a move in investor sentiment, as lower-than-expected housing data has prompted a move away from riskier asset classes.
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