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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

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 ... spending and record lending of 9.59 trillion yuan ($1.4 trillion) last year. The first quarter result is due on April 15. ...

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

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

... of what we saw: European Central Bank - At 7:45 ET on Thursday, the European Central Bank (ECB) cut rates in line with ... 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

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

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

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

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

EUR USD Corrective dips to Day

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 ...

forum topic - azka - 2009-02-16 11:54 - 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

Pound Signals Further Losses Ahead…

... broke important support levels and double bottom at 1.5270 and in a quick move it printed 1.5190 before it corrected back towards 1.53 again. The pound is trading very ...

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

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

Euro and Pound Rally -To be Continued?

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 ...

forum topic - azka - 2009-01-28 13:21 - 0 comments