The pre-planned short positions from key resistance range levels have been implemented with the achievement of minimal anticipated target. OsMA trend indicator marks activity parity of both parties as a sign of probability of rate range movement does not clarify the choice of planning priorities for today.

EUR. The pre-planned break-out variant for buyers has been implemented and the preservation of opened buying positions is “supported” by bullish activity progress at the break-out of key range resistance levels.

Economic discourse has hardly changed.  What was not seen and forecasted is rarely challenged today. The same dead heads speak and we listen. It becomes increasingly difficult for the average man to keep his  critical thinking at this important juncture. Herd mentality is strong and responsible for herd thinking. We on the other hand kept our deflation cap on and never changed optics unless we had to.

Though price action for the world’s reserve currency remained extraordinarily volatile this past week; the heightened activity wouldn’t translate into direction.

World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are under pressure, too, to manage a Chinese challenge to decades of dollar supremacy.

Car sales, corporate earnings, share prices, commodity demand, manufacturing gains ... all “undoubtedly” boosted by stimulus. But what about loan growth? The number of loans issued in June jumped fivefold from the year before.