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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Latest Headlines
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EUR/JPY Facing Converging Resistance into 111.10
Posted on August 16, 2011 | No Comments[WizardRSS: unable to retrieve full-text content] A lack of positive Merkel-Sarkozy meeting developments and signs of moderating growth in the EZ core (German GDP was +0.1% vs. consensus +0.5% QoQ rise have put a dent in the recent EUR rally. EUR/USD upside has so far been... -
Further Downgrade of US Debt Likely in 2012
Posted on August 15, 2011 | No CommentsThe recent years’ fast rise in US gross debt combined with a deterioration of economic outlook has resulted in concern about future fiscal sustainability. In response Standard&Poor’s (S&P) have downgraded US sovereign debt to AA+ and Moody’s and Fitch have put US on negative outlook. ... -
Trade Idea Wrap-up: GBP/USD – Buy at 1.6200
Posted on August 15, 2011 | No CommentsGBP/USD – 1.6286 Most recent candlesticks pattern : N/ATrend : Up Tenkan-Sen level :1.6240Kijun-Sen level :1.6240Ichimoku cloud top :1.6251Ichimoku cloud bottom :1.6175 New strategy : Buy at 1.6200, Target: 1.6330, Stop: 1.6165 Cable’s intra-day rebound to 1.6313 suggests the fall from 1.6478 has possibly ended at 1.6111 and consolidation with... -
Weekly Review and Outlook: Risk Sentiments Stabilized for Now, More Consolidations Before …
Posted on August 14, 2011 | No CommentsRisk selloff intensified initially last week in response to S&P’s downgrade of US rating and the hollow statement G7 regarding the current market turmoil. Though, sentiments “stabilized” as the week went on, after Fed pledged to keep rates low until mid-2013. The attempt to extend... -
Trade Idea Wrap-up: USD/CHF – Buy at 0.7525
Posted on August 9, 2011 | No CommentsUSD/CHF – 0.7575 Most recent candlesticks pattern : N/ATrend : Down Tenkan-Sen level :0.7596Kijun-Sen level :0.7612Ichimoku cloud top :0.7709Ichimoku cloud bottom :0.7693 Original strategy : Buy at 0.7545, Target: 0.7645, Stop: 0.7510 New strategy : Buy at 0.7525, Target: 0.7645, Stop: 0.7490 As intra-day resistance at 0.7653 has continued to hold and... -
USD/JPY Post-Intervention Key Technical Levels
Posted on August 6, 2011 | No Comments[WizardRSS: unable to retrieve full-text content] This week the Ministry of Finance in Japan confirmed direct intervention in the markets and the Bank of Japan (BOJ) announced additional asset purchases to 15 trillion yen (from 10 trillion yen) at an early conclusion of its Board Meeting.... -
Trade Idea Wrap-up: GBP/USD – Sell at 1.6380
Posted on August 3, 2011 | No CommentsGBP/USD – 1.6279 Most recent candlesticks pattern : N/ATrend : Up Tenkan-Sen level :1.6264Kijun-Sen level :1.6277Ichimoku cloud top :1.6383Ichimoku cloud bottom :1.6368 Original strategy : Sell at 1.6365, Target: 1.6225, Stop: 1.6400 New strategy : Sell at 1.6380, Target: 1.6230, Stop: 1.6415 Despite intra-day brief breach of 1.6238, lack of follow... -
Daily Report: Yen Retreats on Warnings by Japanese Officials
Posted on August 2, 2011 | No CommentsThe greenback finally staged a rebound after falling to 76.29 yesterday (just few ticks above historical low of 76.25 made in March) on speculation that Japanese officials will take action in the forex market to curb yen’s rally, the Japanese currency also slipped versus... -
Trade Idea Wrap-up: USD/CHF – Buy at 0.7965
Posted on July 28, 2011 | No CommentsUSD/CHF – 0.8030 Most recent candlesticks pattern : Shooting starTrend : Down Tenkan-Sen level :0.8014Kijun-Sen level :0.8018Ichimoku cloud top :0.8112Ichimoku cloud bottom :0.8029 Original strategy : Buy at 0.7965, Target: 0.8065, Stop: 0.7930 New strategy : Buy at 0.7965, Target: 0.8065, Stop: 0.7930 Although dollar has recovered after intra-day marginal fall to...