Nov 26th, 2010
Trade Idea Wrap-up: USD/CHF – Buy at 0.9950
As the greenback has eased after intra-day rise to 1.0041, suggesting minor consolidation would take place and pullback to intra-day support at 0.9985 cannot be ruled out, however, the Ichimoku cloud bottom (now at 0.9935) should contain downside and bring another upmove to indicated upside target at 1.0050/55 (50% projection
Nov 26th, 2010
Weekly Market Commentary
The combination of a barrage of important economic numbers and holiday-thin markets is a scary prospect or should be if one has any sense. Cash is king and those who have it should guard it extremely carefully; sky-high interest rates for those who need it over the year-end are
Nov 26th, 2010
Trade Idea Wrap-up: GBP/USD – Sell at 1.5775
Although cable’s intra-day selloff signals recent decline is still in progress, as price has recovered from 1.5612, minor consolidation would take place and above the Tenkan-Sen (now at 1.5677) would bring retracement to the Kijun-Sen (now at 1.5702) and possibly previous support at 1.5725), however, renewed selling interest should emerge
Nov 26th, 2010
Trade Idea Wrap-up: EUR/USD – Sell at 1.3380
Euro’s recovery after intra-day fall to 1.3200 suggests consolidation would take place and minor correction to the Kijun-Sen (now at 1.3294) cannot be ruled out, above there may bring retracement to the Ichimoku cloud bottom (now at 1.3336) but renewed selling interest should emerge below yesterday’s high at 1.3389 and
Nov 26th, 2010
Trade Idea Wrap-up: USD/JPY – Buy at 83.65
Current breach of indicated previous resistance at 83.99 confirms recent upmove from 80.21 low has resumed and should bring a stronger retracement of early downtrend to 84.50/55, however, near term overbought condition should prevent sharp move beyond 84.95/00 (100% projection of 81.64 to 83.85 measuring from 82.78) and reckon 85.50 would hold from here.
Nov 26th, 2010
Afternoon Forex Overview
The dollar rose sharply against most of its rivals Friday as investors reacted to fresh signs of trouble in the euro zone and on the Korean peninsula. The euro sold off more than 1% on news from Friday’s Financial Times Deutschland claiming euro-zone countries and the European Central Bank are
Nov 26th, 2010
Trade Idea Update: USD/CHF – Buy at 0.9950
As the greenback has retreated after intra-day rise to 1.0041, suggesting minor consolidation would be seen and pullback to intra-day support at 0.9985 cannot be ruled out, however, the Ichimoku cloud bottom (now at 0.9935) should contain downside and bring another upmove to indicated upside target at 1.0050/55 (50% projection
Nov 26th, 2010
Trade Idea Update: GBP/USD – Sell at 1.5775
As the British pound has remained under pressure, suggesting recent decline is still in progress and test of previous support at 1.5650 is underway, however, break there is needed to retain bearishness and extend weakness to 1.5600/10 but near term oversold condition would prevent sharp fall below there and risk
Nov 26th, 2010
German import prices drop unexpectedly in October
Analysts had expected October's figure to come in at +0.2%, major online FX trading news outlets reported. The drop in import prices could be largely …See all stories on this topic »
Nov 26th, 2010
Make Money Trading Online in Forex, Metals, Oil or Gold
A large part of this amount is traded online through companies like AVA FX a trading company that offers private investors innovate ways for investors to …See all stories on this topic » UK News Reporter (blog)
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