Daily Pivots: (S1) 204.07; (P) 206.51; (R1) 209.48; More GBP/JPY's sharp pull back from 208.99 and break of 205.98 minor support indicates an intraday top is already in place. Outlook is turned consolidative for the moment. Nevertheless, downside of the
An important week lies ahead for the UK where preliminary Q1 gdp data will provide an update on the state of the whole economy. The MPC minutes will reveal whether the BoE was unanimous in its vote to lower Bank
Daily Pivots: (S1) 1.5699; (P) 1.5827; (R1) 1.5943; More EUR/USD's rebound from 1.5710 continues today and reaches as high as 1.5945 so far. The development so far argues that 1.5983 is not the top yet. Nevertheless, the overall outlook remains
Weekly : The fourth attempt above 1.59 has finnaly been effective, and even if short-lived, last week closed on the positive side. Expected trading range for coming weeks extends from 1.5670 to 1.6210. To the upside, 1.5900/20 main resistance has
Daily Pivots: (S1) 1.0050; (P) 1.0167; (R1) 1.0296; More USD/CHF's retreat from 1.0284 continues today and touches 4 hours 55 EMA (now at 1.0070) so far. Outlook remains neutral for the moment. While some more consolidation could be seen, another
We have altered the count slightly but there is very little change to the outlook for lower prices. A 3rd wave advance is most likely complete at .8097. The .81 level is round number resistance and Thursday's top occurred right
There are signs that European banks are not in the clear quite yet, and if anything, have been less than forthcoming about their problems. As the Euro struggles to break 1.60, traders are wondering what could cause the next big
Tensions between the ECB and national governments would tend to undermine the Euro. ECB members maintained a tough stance on inflation during Friday and this will tend to limit the scope for Euro selling in the short term. There was,
USD-CHF @ 1.0095/99.... Bullish for the week. R: 1.0140 / 1.0200 / 1.0250 S: 1.0080-70 / 1.0044 / 1.00 USD-CHF has seen a slip to 1.0101, and even lower in the day. A further slip beyond 1.0080-70 may not be
EUR/USD Resistance levels: 1.5980/1.6000/1.6050 Support levels: 1.5870/1.5830/1.5770 EUR/USD has made one more attempt towards 1.5880-1.6000 record highs region earlier today as it was suggested in our previous reports No important fundamental releases today On the upside, the uptrend is still
Dollar and sterling are the main losers as the yen and euro dominate in today's quiet trade, reflecting a renewed retreat in risk appetite. Last week's growing optimism is running into resistance as the major US equity indices fail to
Dow -56 S&P -6.4 NASDAQ -2.7 Indices began the morning by giving back some of last week's gains, with notable declines in financials and pharamaceuticals, but equity markets have bounced from their worst levels. Bank of America is off almost
The greenback came under renewed selling against the euro, falling to 1.5946, just shy of its all-time lows at 1.5978. Amid a dearth of economic data at the start of the week, markets focused on comments from central bank officials.
Tradeview Forex (www.tradeviewforex.com), a currency and online foreign currency trading (forex) division of Rosenthal Collins Group, today announced the addition of two new liquidity providers to its newly launched straight-through processing (STP) system, designed to increase the speed and efficiency
Whilst many British companies remain in the dark about Internet Marketing and particularly about Search Engine Marketing, 40 representatives from companies in the Manchester area understand more about Internet Marketing today than they did yesterday; thanks to the first free
Recently hundreds of truckers protested on Capitol Hill, demanding lawmakers provide relief from pain at the pump they say is threatening to shut down their businesses.
The government will soon establish a Tariff Advisory Board (TAB) which will provide a level playing field for all economic operators through an effective and systematic application of a transparent tariff regime.
The Secretary General of the United Nations Conference on Trade and Development, UNCTAD, Supachai Panitchpakdi, has expressed the need for the international community to re-orientate development aid to agriculture if the current world food crisis has to be tackled.
