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

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

... Current Environment As we anticipated, GBPUSD dropped 4.4% and gave most of the gains of the previous week. The biggest drop occurred ...

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

... since March 17, before recovering to $1.2994, down 0.4 percent on the day. "The euro is facing selling pressure because the ...

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

... spending and record lending of 9.59 trillion yuan ($1.4 trillion) last year. The first quarter result is due on April 15. Debate ... Today’s report showed that an index of output rose to 58.4 from 54.3 in February, new order index jumped to 58.1 from 53.7 and a new ...

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

... markets tumbled throughout the day, with the DJIA down 4.85 percent by the NY close, indicating that risk aversion remains alive and ...

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

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

Dollar, yen hold near 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 held near some of their strongest levels this week on Thursday after bleak U.S. retail s ...

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

... within the last three months on the key GBP/USD pair (a 4-hour chart of which is shown) has been characterized by a series of chart ...

forum topic - azka - 2008-12-04 03:34 - 0 comments

... average rate on a U.S. 30-year fixed mortgage dropped to 4.73 percent in the week ended April 3, the lowest since 1971. Fed policymakers ... of existing homes rose 5.1 percent to an annual rate of 4.72 million in February amid lower prices. To be sure, the recession that ...

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

EUR/USD is trading heavily since 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 below the later level, it may be open for further loses towards 1.2750. The next level ...

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

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forum topic - azka - 2008-12-12 23:28 - 0 comments