FXstreet.com (Buenos Aires) - After reaching fresh yearly lows against most rivals, dollar is set to extend its fall in the days to come, with S&P and DJIA at fresh year highs and gold with no signs of reversing current upside bias. Risk appetite will continue supporting dollar bearish bias particularly against European currencies, yet regarding Japanese yen, now under 92.00, will likely to begin worrying Japanese exporters.
Asian stocks market, will likely follow Wall Street positive tone, and extend the upside rally; with several fundamental news in China, market players will be watching carefully Shanghai Composite behavior.
Majors remain quiet early Asia, consolidating close to past Thursday highs. EUR/USD is now at 1.4580, with resistances at 1.4620, 1.4660 and 1.4720, past December high. GBP/USD now at 1.6652, needs to overcome 1.6680 to reach next resistance at 1.6720 ahead of the 1.6760 area.