On vacation. Analysis updates will resume on August 4th.

AFP – Oil prices were higher on Monday, lifted by rising global equities and positive data that suggested the worst may be over for the crisis-hit US housing market, analysts said.

With little in the way of fundamental news on the economic calendar, for either Europe or the US today, trading in the euro to dollar, may well be characterized by yet more sideways movement and random price action based on rumour and speculation. The only news of any substance in Europe this morning is the German PPI index, which measure the change in the price of goods sold by manufacturers. It is generally considered to be a leading indicator of consumer inflation or deflation – when

FXstreet.com (Córdoba) – The Euro is holding big gains achieved during the Asian session, but during the American the rally eased. EUR/USD is moving sideways in a range between 1.4200 and 1.4245. The pair is 0.81% above today’s opening price and if it closes above 1.4200 it will be the first time since June 2.

Against the Swiss Franc, the Euro lost most of previous gains during the American session. EUR/CHF is now attempting to get back above 1.5200. The pair reached an intra-day low at 1.5180 almost 50 pips away from intra-day high at 1.5225.

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NEW YORK (Reuters) – Oil prices rose 2.5 percent on Friday, staging their first weekly gain in a month, after U.S. housing data sparked optimism that a battered sector of the economy may be primed for recovery.

NEW YORK (Reuters) – Oil prices rose more than 2 percent on Friday, staging their first weekly gain in a month, after U.S. housing data sparked optimism that a battered sector of the economy may be primed for recovery.

NEW YORK (Reuters) – Oil rose above $63 a barrel on Friday, on track for its first weekly gain in a month, after U.S. housing data sparked optimism that a battered sector of the economy may be primed for recovery.

Fatal explosions Thursday at hotels in Jakarta aroused a whiff of risk aversion in the currency markets. Investors sought the sanctity of the Japanese yen and American dollar as a temporary hideout. In the event there was little to be had, although the dark clouds shadowing lender, CIT continued to weigh on sentiment. The probable bankruptcy may appear over the weekend and the only reason it might not is if the company secures financing from a suitor looking for a good deal. The dollar and yen

The pair tested 1.4060 and clearly rejected it, leaving a bullish kangaroo tail in place followed by a sharp momentum up move. Momentum appears to continue and the RSI is bullish and broke above its declining trend line. A retest of 1.4165 is likely, and a break of that level before end of trading cannot be ruled out. There is even scope for a move to 1.4320 based on the Fibo projection of the hourly price chart.

Support: 1.4060 Fibo62, HSpptRsst   1.4017 Fibo50, HRsst 1.3887 SpptRsst 1.4000 HSpptRsst

Resistance: 1.4165 HRsst  1.4200 H-7-1    1.4235 Rsst

RSI: Hrly: bullish, Dly: neutral

Hourly Chart:

NEW YORK (Reuters) – U.S. oil prices rose on Thursday, tracking a late-day rebound on Wall Street and bolstered by a report showing strong economic growth in China, the world’s second biggest consumer of energy.