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

... 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 ...

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

The euro hit a one-month low against the dollar and a three-week trough versus the yen on Monday due to uncertainty over policy steps the European Central Bank may take. * ECB President Trichet signals small rate cut * Trichet gives n ...

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

Euro, British Pound and Swiss Franc All Dive Nearly 2% on Coordinated ECB, BOE, and SNB Rate Cuts European currencies including ... in line with expectations by 50 basis points to a nearly 2-year low of 3.25 percent. As usual, comments by ECB President Jean-Claude ...

forum topic - azka - 2008-12-04 03:30 - 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 ... of recession. Tokyo's Nikkei share average .N225 fell 2.6 percent after Wall Street tumbled following the sales data. "Hopes for the ...

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

... expected to drop by “only” 1.8%, after last month’s -2.5%. In Europe, the German Unemployment Change will be closely watched. ... monthly Core Durable Goods Orders are expected to fall by 2.6%. Also Durable Goods Orders are expected to fall, but “only” at 1.9%. ...

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 ... by reducing the cost of imports. Consumer prices rose 2.7 percent from a year earlier in February, the biggest increase in 16 months, ...

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

... 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

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

Today the calendar is almost empty from important economic reports out of US and the only news we had was the inflation report of BOE and speech by King. The report showed that UK economy will continue to shrink next year as well and the level of damage ...

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

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