GBP/USD Daily

  GBP/USD   Daily
Today's trade has seen further breakdown with prices      reaching/breaking  the last swing low at 1.6730. Indicators are at    extremes now so we should see some recovery attempt soon. However, we expect further weakness (after bounce) with next target   sup. at 1.6680. Initial res. is in the 1.6770/80 band.N.I.
R5: 1.6920~   21, 22-May highs
R4: 1.6881 * Tues high
R3: 1.6835/55   intraday level
R2: 1.6815   today high
R1: 1.6770/80   intraday level
S1: 1.6680  15 Apr low
S2: 1.6552 * Apr low
S3: 1.6459 * Mar low

Stock market

U.S. stocks were broadly higher, with upbeat economic data helping provide support for the S&P 500's rise to an all-time intraday high. The S&P 500 index climbed eight points, or 0.4%, to 1909. The index hit an intraday high of 1909.55, topping the record of 1902.17 hit on May 13.
The Dow Jones Industrial Average rose 74 points, or 0.3%, to 16663. The Dow was closing in on its May 13 record high close of 16715.44, and its intraday record of 16735.51 hit the same day.
The Nasdaq Composite Index advanced 27 points, or 0.6%, to 4213. The early gains put the benchmark indexes on course for a fourth-straight rise. Stocks appear to have shaken off recent concerns about uneven economic growth, a Federal Reserve that was slowly removing stimulus measures and tensions in Ukraine that have kept the market hemmed in tight trading range over the last couple months. Through last week, the S&P 500 had traded within a 4.5% band since March 4, pushing the CBOE's Market Volatility Index to its lowest close since March 2013. And the Russell 2000 index of small-capitalization stocks, which had underperformed the broad market by a wide margin during that time, is set to outperform the S&P 500 for a third-straight session. The index is up 0.9%, putting it on an early track to close at 4 1/2-week high.

VIX

 VIX watchers are looking for the next catalyst which might send the "fear gauge" higher. Most agree it's low relative to history and that generally the VIX doesn't hang at such depths that long. For Peter Boockvar at The Lindsey Group, the key reading for the markets and the VIX this week is Friday's PCE inflation data. He sees prices "much sooner than the Fed is forecasting." A rising-inflation scenario would dent the narrative that the Fed will keep rates lower for the indefinite future and could "hugely influence markets and the VIX," says Boockvar. The VIX closed Friday at 11.36, the lowest finish since March 2013.

Euro lowest level against the dollar

Euro touches its lowest level against the dollar since Feb. 13. ECB President Draghi sparked the common currency's current slump on May 8 with talk about readiness to act at the central bank's June meeting. But the euro's weakness was set long before that, with the Fed tapering QE all while ECB mulled more easing, says Mansoor Mohi-uddin, head of FX strategy at UBS. "The two year shift in the Fed-ECB growth ratio has now reversed," Mohi-uddin says. "The Fed is steadily tapering its asset purchases while LTRO loan repayments are drawing to a close." He forecasts EUR/USD ending the year at 1.25. Euro down 0.2% at $1.3628.

USD/CHF Daily

 USD/CHF  Daily
13::00GMT - New high today has been marginal at 0.8972 before prices   settled back. Above here the next significant res. is around 0.9000.  Sup. is at 0.8918. N.I.
R4: 0.9038  12 Feb high
R3: 0.9022 * Feb 13 low
R2: 0.9000  figure
R1: 0.8972  today high
S1: 0.8918  Thurs low
S2: 0.8895  Wed low
S3: 0.8879 * 15 May low
S4: 0.8840/60  intraday level
S5: 0.8815  intraday level