The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheLFB-Forex) -- Major currencies continue to look weak against the USD, while just JPYremains strong. All however will have a testing time this week as markets price in one bail-out news headline after another. The eurozone has pledged massive amounts of money to swap bad debt for good, which will pressure EUR valuations over time, and will avert attention away from U.S.-based debt issues that really do not look much better. Forex Update: EUR: Support, 1.3125; Resistance, 1.3395; Neutral 1.3245. GBP: Support, 1.5315; Resistance, 1.5540; Neutral, 1.5495. JPY: Support, 76.30; Resistance, 77.05; Neutral, 76.80.
Whether equity bull or bear, bullion buyer or seller, or a bond investor on the long or short end of the curve, the outlook remains the same; intraday volatility increases as fair value is sought in milliseconds rather than historically over a period of days and weeks. Set a plan, or use our Trade Plans available each day, and bank early and often in the current environment. There are near-term trade opportunities in all markets when buying at the low of the previous session and selling at the high. These trades are available as a strategy because of the lack of mid-term chart directional sentiment and momentum as a mass of red-flag news headlines hit the wires. Fundamental expectation coupled with technical chaos will test the best-laid plans of many investors this week, and we are here to help. The unique aspect of our trade desk is the mix of old-world fundamental work coupled with new-world technical reviews. The structure allows us to filter out market noise and to concentrate on market mechanics. At times of uncertainty the methodology holds steady, especially when coupled with access to 24-hour traded futures markets. TheLFB is great for all skill levels. Receive market support, and get TheLFB trader advantage.
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