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

... expectations by 50 basis points to a nearly 2-year low of 3.25 percent. As usual, comments by ECB President Jean-Claude Trichet during ... by 150 basis points to bring the UK Bank Rate down to 3.00 percent, the lowest level since 1955. Indeed, a Bloomberg News poll of ...

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

EURO Report Scenario Analysis Last 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 EURUSD below 1.23 but it has not occurred. Economic data out of Euro ...

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

The EUR/USD is trading heavily since yesterdays FOMC Mobile News Alert announcements 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 the ne ...

forum topic - azka - 2009-03-20 02:08 - 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 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 ...

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

... and the government aims to keep the pace of gains below 3 percent this year. Yuan Tension Chinese Commerce Minister Chen Deming ... 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 export-order ...

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

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

... The dollar also shed earlier gains and was down 0.3 percent at 98.85 yen . The Australian dollar earlier climbed to its ...

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

... monthly Net Lending to Individuals is expected to at 1.3 billion. Also Mortgage Approvals will be of interest. In Europe, the ...

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

After more than a month of steeply bearish price action on the EUR/USD (a daily chart of which is shown), the week of January 26-30 is looking to be a pivotal period for this key currency pair. Will the pair continue its bearish trend, eventuall ...

forum topic - azka - 2009-01-25 19:44 - 0 comments

Today the economic calendar is almost empty, with only important events being PPI out of UK in the morning and later a testimony by Trichet in front of the European Parliament regarding the economic crisis and the monetary policy. Traders will monitor Tr ...

forum topic - azka - 2008-12-08 23:06 - 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