GBPUSD Outlook The Sterling slumped against Greenback yesterday. The pair bottomed at 1.4830 and closed at 1.4853. From a longer term of view the pair is now targeting 1.4607. However, early today in Asian session the pair was corrected to the upside, ...

forum topic - azka - 2008-12-04 03:28 - 0 comments

GBPUSD Outlook The Sterling slumped against Greenback yesterday. GBPUSD bottomed at 1.4357 and closed at 1.4385. The minor bullish channel on hourly chart has been violated to the downside. The bias is bearish. It seems like the bullish correction is o ...

forum topic - azka - 2009-01-21 23:31 - 0 comments

... more than expected and the US shocked all with a loss of 0.5 million jobs in Nov. The resilience of the euro dollar is translating into ... of investor fear. The Bank of England rate cut to 2.0% last week was an expected morale-booster with little real effectiveness. ...

forum topic - azka - 2008-12-08 00:13 - 0 comments

Euro, British Pound and Swiss Franc All Dive Nearly 2% on Coordinated ECB, BOE, and SNB Rate Cuts European currencies including ... the risk that inflation will fall below their 2.0 percent target. The latest CPI figures show inflation growth at 5.2 percent ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

... Depression. Overnight the Nikkei rose 198.42 points (2.38%) to 8,550.33. The Australian S&P/Asx gained 102.90 points (2.87%) to 3,682.60. Crude Oil for May delivery rose $0.30 to $48.80 as the market moved on a low volume Gold continues to trade ...

forum topic - azka - 2009-04-02 09:07 - 0 comments

EUR-USD Corrective dips should ideally halt near 1.2884 or 1.2854 for one more thrust upwards towards 1.2915 - 1.2946 area or 1.3006 in extention. Fall below 1.2824 puts it back on a downward path. GBP-USD While below 1.4327 or 1.4419 it could f ...

forum topic - azka - 2009-02-16 11:54 - 0 comments

... week's highs vs euro, Aussie, kiwi * Dollar briefly hits 2-month low vs yen By Kaori Kaneko TOKYO, May 14 (Reuters) - The yen and dollar ... earlier in the week. It then pared its losses to stand 0.2 percent lower at $1.3573. The single currency had hit a seven-week high of ...

forum topic - azka - 2009-05-14 17:44 - 0 comments

... Policy Meeting Minutes that featured a rate hold of 0.1% in Japan. This might shed a light on possible intervention plans by the ... expected to drop by “only” 1.8%, after last month’s -2.5%. In Europe, the German Unemployment Change will be closely watched. ...

forum topic - azka - 2009-01-25 19:28 - 0 comments

... Group and PricewaterhouseCoopers index dropping to 50.2, just above the expansion point. The U.S. Institute of Supply Management ... recovery. The benchmark Shanghai Composite Index jumped 0.6 percent as of 10:22 a.m. local time. Japan’s Nikkei 225 Stock Average ...

forum topic - azka - 2010-04-01 03:24 - 0 comments

... is making new history and the fact that the pair broke 0.8190 which was the previous all time high, opens the way for further gains towards 0.85 in the coming weeks. Let’s not forget that the pair’s trading patterns ...

forum topic - azka - 2008-12-04 03:30 - 0 comments

... lowest since March 17, before recovering to $1.2994, down 0.4 percent on the day. "The euro is facing selling pressure because the ... 128.14 yen on EBS. It then traded at 128.47 yen , down 0.6 percent. The dollar also shed earlier gains and was down 0.3 percent ...

forum topic - azka - 2009-04-21 06:03 - 0 comments

Independent Market Analyst With interest rate decisions now behind us, traders are focusing their attention in today’s data which may determine the market outlook for now. After yesterdays 50 pbs cut from ECB and a hefty 150pbs from BOE and also Tr ...

forum topic - azka - 2008-12-04 03:29 - 0 comments

Price action on the USD/JPY (a daily chart of which is shown) has just made a precise double-test of the pair’s 13-year low that was recently established in mid-December 2008. This extreme support level resides just a few pips above the 87.00 mark. ...

forum topic - azka - 2009-01-23 10:49 - 0 comments

While lower prices in the S&P 500 will certainly inflict more pain to the ‘long only’ equity crowd, it will continue to offer good insights on how to play the FX market as most major pairs are very correlated with the S&P 500 presently. ...

forum topic - azka - 2008-12-04 03:31 - 0 comments

The EUR/USD broke important resistance levels of 1.3060 yesterday, climbing even higher towards 1.32. This morning's better than expected IFO news saw the euro continue to rally against the buck towards 1.3350, however, the move was not strong enough to ...

forum topic - azka - 2009-01-28 13:21 - 0 comments