Monday February 14, 2005 - 09:19:46 GMT
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TODAY'S FOREX MARKET OUTLOOK FROM ACETRADER
Mon, 14 Feb 2005 09:16:06GMT
1-week full trial for USD 20 only.
EUR/USD - 1.2942
Update Time : 08:07GMT
As euro's erratic rise from last week's low at 1.2732 has resumed, suggesting a stronger correction of recent decline is under way for eventual gain twds resistance at 1.3050. Below Friday's low at 1.2846 wud abort this bullish scenario...
INTRA-DAY EUR/USD OUTLOOK
14 Feb 2005 09:01:08
As euro has risen after brief retreat to 1.2925 /30, suggesting erratic upmove fm 1.2732 to retrace recent decline has resumed n further gain to 1.2985 /90 is seen, however, o/bot condition shud limit upside to 1.3010/15 n bring retreat.
Buy again on dips with stop as indicated, below wud signal intra-day top is made n risk 1.2900/05..
Strategy: +Buy at market+
GBP/JPY DAILY CROSS OUTLOOK
Last Update At 14 Feb 2005 08:41:14
Stg's intra-day selloff to 196.29 signals decline fm Friday's high at 198.00 to retrace recent upmove wud extend twds 195.90 but 195.60/65 wud hold.
+Trade fm short side+ with stop abv 197.56, break wud signal correction has ended, 198.00 again...
Strategy: +Short at 197.00+
Position: +Short at 197.00+
MAR T-BOND FUTURES DAILY OUTLOOK
Last Update At Last Update At 14 Feb 2005 00:11:19
Although T-bond has recovered after Friday's sell off to 115.16 n consolidation is seen, bearishness remains for decline fm 117.12 to resume later.
Hold short for one more fall to 115.12/14. Abv 116.10 wud risk stronger recovery to 116.20/22...
Strategy: Short at 116.02
Position: Short at 116.02
YESTERDAY'S RECOMMENDED TRADES
JUNE EURODOLLAR FUTURES DAILY OUTLOOK - +96.68+
Update Time : 2005/11/02 18:24GMT
Eurodlr's retreat fm 96.75 suggests re-test of
96.67 sup wud be seen but below is needed to con-
firm recent decline fm 97.56 has resumed, 96.63/64.
Hold short with stop abv there, only a break of
of 96.78 wud signal temp. low is in place...
Strategy: +Target met+
Position: Short at 96.74
DAILY NZD/USD OUTLOOK - +0.7140+
Update Time : 2005/11/02 16:55GMT
Kiwi's upmove fm this week's low at 0.6955 is
likely to resume after consolidation n extend gain
twds 0.7155 but res at 0.7194 wud remain intact.
Hold long with stop below 0.7090, break wud
shift risk to downside for pullback to 0.7050/55...
Strategy: +Target met+
Position: Long at 0.7074
SPOT GOLD DAILY OUTLOOK - +421.00+
Update Time : 2005/11/02 16:49GMT
Y'day's rebound signals a temp. low is in place
411.20 n retracement of recent decline wud be seen
for gain twds 422.50 res b4 retreat next week.
Hold long with stop as indicated, below risks
pullback to 414.00 but 412.50 shud contain weakness
Strategy: +Target met+
Position: Long at 417.00
AceTrader Performance Update
2005 Jan (Pips)
USD/JPY (68) (103)
EUR/USD 423 (62)
USD/CHF 335 (90)
GBP/USD 630 (139)
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