Japan Nomura/ JMMA Manufacturing Purchasing Manager Index increase to 55.2 in December from 55.1

Dec 27, 2013

Elliott Wavers say EUR/USD biding time for another shot lower; 1.3615 downside target

The EUR/USD appears to Elliott Wave technicians to be in the latter stages of a short-term five wave sequence to the downside with a target of 1.3615.

EUR/JPY still overbought but still in bullish technical posture; next target 144.74

EUR/JPY bears seem to be disinterested in getting in the way of the bullish train – especially during the relatively illiquid holiday trading environment.