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November 13 market commentary and technical

... 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, ...

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

January 20 market commentary and technical levels

... 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 ...

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

British Pound, Euro and Swiss Franc All Dive Nearly 2%

... to rise to match the June 2003 high of 6.3 percent from 6.1 percent. However, if the rate climbs even higher, it will actually end up ...

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

Republic of China Constructing Blows up at Quicker Tread as Asset Bubble Risks Addition

... buying directors’ Index rose to a seasonally adjusted 55.1 from 52 in February, according to Li & Fung Group, a Hong Kong-based ... with the median appraisal in a Bloomberg News survey of 13 economists. Readings above 50 indicate expansion. The acceleration may ...

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

Euro range bound still, Sterling not as strong this week

... week we indicated that EURUSD would most likely trade in a 1.1800-1.2850 range (1.2550-1.2850 actual). We have been expecting a sizeable drop of ...

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

Dollar Correction or Something Deeper?

... and hasn’t stopped to breath. The pair broke important 1.35 very easily and also 1.36. Now it is trading above 1.37 and it looks like 1.38 Mobile Price Alert is ...

forum topic - azka - 2009-03-20 02:08 - 0 comments

FOREX Euro hits 1 month low vs dollar on ECB uncertainty

... at Shinko Securities. The euro fell as low as $1.2967 on trading platform EBS, its lowest since March 17, before recovering to $1.2994, down 0.4 percent on the day. "The euro is facing selling pressure ...

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

EUR/USD - getting that uneasy feeling

... attempt to pick bottoms, I have been short EUR/USD since 1.2790 and have now lowered my stops to account for the potential rebound in ... than a blip on the radar screen. A decisive break below 1.2470 exposes 1.2374/50. By Dave Floyd Head of FX Research Aspen ...

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

Stock Buybacks are on the rise

... 10 shares total outstanding. Company ABC's market cap is $1,000,000 which means that each share is worth $100,000. ABC's management team and board agree to buy back 1 share of their outstanding stock leaving 9 outstanding shares. Now that same ...

forum topic - azka - 2009-01-23 11:00 - 0 comments

Forex Weekly Analysis - January 26-30 2009

... Policy Meeting Minutes that featured a rate hold of 0.1% in Japan. This might shed a light on possible intervention plans by the ... Zealand: The new Official Cash Rate is expected to fall by 1% to 4%, still one of the West’s highest interest rates. There will also be ...

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

Bad Payroll Data

... to be very high. The EUR/USD is hovering around 1.28 at the time of writing and traders do not wish to commit one way or ... dollar to appreciate and EUR/USD to make another try for 1.25. If the later level gives way then 1.23 comes back in the game. From that ...

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

Dollar, yen near week's peaks as caution lingers

... Shioiri said. The euro fell to its lowest this week at $1.3525 on trading platform EBS as traders dumped aggressive short-dollar ... It then pared its losses to stand 0.2 percent lower at $1.3573. The single currency had hit a seven-week high of $1.3722 on Wednesday. ...

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

Obama Sees ‘Glimmers of Hope’ of Improving Economy

... of economic improvement. Orders placed with factories rose 1.8 percent in February, the first gain since July. Purchases of existing homes rose 5.1 percent to an annual rate of 4.72 million in February amid lower prices. ...

forum topic - azka - 2009-04-11 23:07 - 0 comments

Obama Aftermath Fails to Raise Confidence…

... the beginning of the week, and the break of psychological 1.30 was done and dusted in a matter of minutes! As long as the pair trades ... the later level, it may be open for further loses towards 1.2750. The next level to watch is 1.2830 ahead of 1.2780, which may work as ...

forum topic - azka - 2009-01-21 23:36 - 0 comments

Recovery Optimism on Asian Markets Rise

On Wednesday the ISM manufacturing report climbed to 36.3, the third consecutive gain. The ISM report can be used as a good gauge for the upcoming GDP numbers. The positive reads over the last three months show that the economy improved during the first ...

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