Intraday outlook in EUR/USD remains neutral as the pair is still bounded in tight range above 1.3822 support. The case that rebound from 1.2329 has completed at 1.4719 is mildly in favor. Below 1.3822 will indicate that fall from 1.4719 is resuming and further break of 1.3629 cluster support will…

Shares rise worldwide on the first day of trading in 2009 following record falls last year, as markets experience a wave of optimism.

Today’s trading comes across as mostly a denial of facts. Perhaps it is the jubilation that comes with the start of a New Year, or the low volume at the end of a holiday week, but today’s numbers certainly cast a concerning picture on an already weakened economy. Price action in the dollar is also equally perplexing, as the currency posts broad gains in today’s market. However, we warn that the facts in the marketplace will inevitably catch up with those who are once again convinced that the economy has hit the bottom.