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Morgan Stanley (NYSE: MS) continues yesterday’s surge off of the bullish confluence EMA’s that bunched together just above 29.00, and which has helped to catapult the price structure towards a test of key resistance at 31.00/10. Purely from a technical perspective, the future of near- and perhaps intermediate-term price direction in MS will be determined by either a thrust above the Oct-Mar down trendline (31.00), or a violation of 29.00. Right now, the weight of evidence argues for a

Published at 05:05 (GMT) 18 Mar EUR/AUD Daily Prices are tapering off from the 1.5055 congestion high with focus now at the 1.4798 low and bears are seeking a decisive move below latter to regain downside footing and set the higher down-leg from 1.5950 high back in motion. R5: 1.5202 * 4 Mar high R4: 1.5110 5 Mar high R3: 1.5055 * 16 Mar congestion high R2: 1.4958 intraday level R1: 1.4914 intraday level S1: 1.4798 * 10 Mar low S2: 1.4693 30 Oct 1991 low S3: 1.4574 21 Oct 1991 high S4: 1.4501

Published at 04:48 (GMT) 18 Mar USD/SGD was waffling around for most of the relatively quite Asian morning - other than the China currency saga - and price range was amid 1.3920-1.3939 in the absence of fresh cues to trade on. As expected the USD/MYER was also straddling the 3.3000-figure swaying to either side, but with no firm directional conviction. Looks like the USD/SGD and USD/MYR will both continue to be in sideways motion. SGD/MYR could also see two-way impetus as the sneak peek at the

Markets Rally Across the Globe U.S. Dollar Trading (USD) had a mixed day losing ground against the Risk currencies but holding its own against the two biggest currency pairs the Euro and the Yen. February PPI dropped -0.6%m/m it's biggest drop in 7 months as energy costs fell. In US stocks, DJIA +47 points closing at 10733, S&P +6 points closing at 1166 and NASDAQ +11 points closing at 2389. Looking ahead, February CPI forecast at 0.1% vs. -0.1% m/m. Also released, Weekly Jobless Claims

Published at 03:17 (GMT) 18 Mar More on BoJ easing yest; NKS: The latest monetary easing offered up by the BoJ appears to be targeted at silencing critics while touting its coordinated efforts with the government to fight persistent deflation.The BOJ decided it will double to around 20 trillion yen an existing lending facility that provides three-month funding at a fixed rate of 0.1%.But whether more easing will have the desired impact is unknown. "The government needs to quickly get on track

Published at 03:12 (GMT) 18 Mar Some focus on the 4 banks facing trial over derivatives; given reports of US bank's derivatives deals with Greece over its debt. FT Wednesday: Four banks were charged with fraud on Wed for their roles in a €1.7bn ($2.3bn) financing package for the Italian city of Milan in a case that will fuel the global debate about the use of complex derivatives. UBS, JPMorgan Chase, Deutsche Bank and Germany's Depfa will face trial in Milan after a judge ruled there was

INTRA-DAY USD/JPY: Last Update At 18 Mar 2010 04:32 GMT Range Forecast 90.10 / 90.40 Resistance/Support R: 90.74/90.97/91.09 S: 89.97/89.63/89.45 ------------------------------------------------- INTRA-DAY EUR/USD: Last Update At 18 Mar 2010 04:36 GMT Range Forecast 1.3715 / 1.3740 Resistance/Support R: 1.3741/1.3779/1.3796 S: 1.3701/1.3688/1.3639 ------------------------------------------------- INTRA-DAY USD/CHF: Last Update At 18 Mar 2010 04:36 GMT Range Forecast 1.0535 / 1.0559