Forex Forum Archive for 01/1/2010

GVI Forex Blog 19:53 GMT January 1, 2010 Reply   
JPY to extend losses in 2010? U.S. economic recovery intact? GBP to be dented by election politics?

Forex Market Commentary and Analysis (1 January 2010)

lkwd jj 17:24 GMT January 1, 2010
gbp

wait a minute here. i thought you were short cable with double and triple "special " allocations? maybe the number 11 (as in chapter 11) is a lucky one for the chinese as the usa prints its way to bankruptcy...

Hong Kong Qindex 16:46 GMT January 1, 2010
QIndex Trading System

Sell GBP/CAD
Entry: Target: Stop:

GBP/CAD : Critical Point 1.7398


As shown in the monthly cycle directional indicator, the market momentum is strong when it is able to trade above the weekly cycle pivot center at 1.7262. A critical resistant point is located at 1.7398. The market is under pressure when it is rejected from the resistant range at 1.7262 - 1.7398. Sell on rallies is the preferred trading strategy.



GBP/CAD : Monthly Cycle Charts
http://www.qindex.com/gbp-cad.html

USA ZEUS 14:42 GMT January 1, 2010
gbp

lkwd jj 14:38 GMT January 1, 2010

If there is negativity about GBP, then what should such movement should speak about the USD?
Anyone have an extra $2 trillion and growing that will be needed to keep funding the USD ponzi alive in 2010?

Ahhh...Inflation is the theme for 2010

Cheers!

lkwd jj 14:38 GMT January 1, 2010
gbp
Reply   
with all the negativity surrounding the uk, cable was up from 12/31/2008 close of 1.4660 to 1.6170 a whopping 10% vs usd.

London SFH 13:59 GMT January 1, 2010
Trade Ideas

Thank you fm, a very happy new year to you and wishing you many successful trades in 2010.

Happy new year to EVERYONE else on this great site!

Lahore FM 12:23 GMT January 1, 2010
Trade Ideas

correction*

more importantly,0.8840/50*

Lahore FM 12:13 GMT January 1, 2010
Trade Ideas

Dear Alimin,the recent weekly lows,more importantly,0.8940/50 needs to hold on eurgbp on the weekly charts,any break lower might put the contras in the driving seat and eurusd may drop along with eurgbp towards 0.8300/0.8500 region.0.8850 holds,we can still expect recovery for eurusd.

Medium term out look for USD looks positive thus far.

makassar alimin 11:30 GMT January 1, 2010
Trade Ideas

FM, do you see eurgbp indicate further weakness for euro?

Hong Kong Qindex 08:15 GMT January 1, 2010
QIndex Trading System

Sell GBP/JPY
Entry: Target: Stop:

GBP/JPY : Critical Point 151.04


The market is under pressure when it is below the weekly cycle pivot centers at 150.62 - 150.70 - 154.92. As shown in the monthly cycle projected series 151.04 is a critical point. A projected resistant range is expected at 152.40 - 153.88. Sell on ralles is the preferred trading strategy.


GBP/JPY : Monthly Cycle Charts
http://www.qindex.com/gbp-yen.html

hk nt 05:34 GMT January 1, 2010
Happy New Year. Wish all earn more this year.
Reply   
looks like YEN becomes the funding currency this year.