The decline from .9541 is in 5 waves and is wave 1 in a 5 wave bear cycle. The rally to .9403 was in 3 waves and corrective. Making the case even stronger that a top is in at .9541 and that .9403 will even remain intact is the structure of the decline from .9403.

The decline from .9541 is in 5 waves and is wave 1 in a 5 wave bear cycle. The rally to .9403 was in 3 waves and corrective. Making the case even stronger that a top is in at .9541 and that .9403 will even remain intact is the structure of the decline from .9403.

There is no change to our call for near term USD strength, especially against the EUR and AUD . As mentioned yesterday, the initial EURUSD objective is not until 1.5230. The initial AUDUSD objective is at .9152.

There is no change to our call for near term USD strength, especially against the EUR and AUD . As mentioned yesterday, the initial EURUSD objective is not until 1.5230. The initial AUDUSD objective is at .9152.

There is no change to our call for near term USD strength, especially against the EUR and AUD . As mentioned yesterday, the initial EURUSD objective is not until 1.5230. The initial AUDUSD objective is at .9152.

BRUSSELS, Belgium—-WABCO Holdings Inc. today reported record Q1 2008 sales of $705 million, up 26 percent over prior year and up 12 percent in local currencies, continuing the Company’s long track record of quarterly growth.

The U.S. dollar was mostly lower against other major currencies in European trading Wednesday morning. Gold fell. The euro traded at $1.5546, down from $1.5564 late Tuesday in New York.

Talking Points - Japanese Yen: BoJ Leaves Benchmark Rate Unchanged - Swiss Franc: KoF Falls on Slowing Growth - Euro: Weak German Employment Data Sends EUR/USD Below 1.5530 - Pound: Falling House Prices Stoke Recession Fears - US Dollar: FOMC and GDP On Tap

MUMBAI, India—-Patni Computer Systems Limited today announced its financial results for the first quarter ended 31st March 2008.