EURUSD – Extreme forex market choppiness has left sentiment on the Euro/US Dollar fairly neutral, and the SSI gives relatively few clues on near-term direction.

The G-8 meeting hosted in Italy has, unfortunately, evidenced again divides on stimulus measures and on possible exit strategies to be implemented once the crisis is over.

US equities are under a little pressure from dismal earnings out of US Steel, Deutsche Bank and Valero, as well as declining consumer confidence, with all three leading indices in negative territory.

The euro lost ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4065 level and was capped around the $1.4150 level.  Better-than-expected earnings at major U.S. financial institutions including Citigroup and Bank of America led to a bid U.S.

1,4162. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement.

EUR. The pre-planned long positions from key supports have been implemented with overlap of minimal anticipated target.

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.

THE PRICE OF GOLD rose sharply against the US Dollar on Monday morning in London, jumping 1.6% to a 6-week high at $954 an ounce as world stock markets also rose yet again.