HK [email protected] 21:24 GMT March 26, 2010
Only significant military event for today. Gaza invasion?
Reply
Israeli troops, militants clash in southern Gaza
The Associated Press
Friday, March 26, 2010 - 7:56 a.m.
Palestinian security officials say Israeli troops are clashing with militants inside the southern Gaza Strip.
Security officials with Gaza's Hamas-run Interior Ministry say Israeli soldiers are firing artillery and tank rounds.
Casualties were reported, but the officials say ambulances can't reach the scene because of the shooting.
The Israeli military provided no information on the clashes.
Earlier Friday, militants fired a rocket at southern Israel. No injuries or damage was reported from the r
bucharest vicx 21:04 GMT March 26, 2010
eurjpy
Belgrade AS things start to be ugly! :(
bucharest vicx 20:49 GMT March 26, 2010
eurjpy
Belgrade AS check mail
bucharest vicx 20:41 GMT March 26, 2010
eurjpy
pc or order?!?! :D
London T 20:37 GMT March 26, 2010
euro/usd
I must have musundertood...have a good weekend and thanks.
Belgrade AS 20:37 GMT March 26, 2010
eurjpy
bucharest vicx , you are kidding,right?
TURN IT OFF!...AND FORGET
good weekend all!
Belgrade AS 20:30 GMT March 26, 2010
euro/usd
LondonT,what's with you man? you hardly cvalify as an"american"...trading eurusd has nothing to do with closing the week by running into commodities!
don't be like that on a friday night,ok?
bucharest vicx 20:25 GMT March 26, 2010
eurjpy
personal computer!
Belgrade AS 20:23 GMT March 26, 2010
eurjpy
what is "pc"?
London T 20:23 GMT March 26, 2010
euro/usd
I opened and closed my position, this is part of experimenting with market, and no offence, I am not your clown, and I can afford to lose $5, it doesn't make a difference to my life or yours...respect
bucharest vicx 20:20 GMT March 26, 2010
eurjpy
i need to let the pc opened all weekend?! or it doesent metter?!?
Belgrade AS 20:20 GMT March 26, 2010
eurjpy
grrrrrrrrr...i would be much happier if you sold com.dolls!
leave it!it's a gamble now,but it will open on monday with a big gap to the up-side.
bucharest vicx 20:16 GMT March 26, 2010
eurjpy
anyway what u sugest?! if i am in 0 or -10 pips should i left it like this for weekend till monday?!?!
Belgrade AS 20:15 GMT March 26, 2010
euro/usd
hihi...i get all screwed up with winter/summer time changes also.
Belgrade AS 20:11 GMT March 26, 2010
eurjpy
bucharest vicx ,CORECTION FOR USDCHF STOPS!
americans are closing the week running into commodites...sorry clowns are giving "golden" dollars for them.
your late entries are volnurable next 20 minutes!
London T 20:09 GMT March 26, 2010
euro/usd
Reply
is the market close? strange i just placed orders and it worked
USA ZEUS 20:03 GMT March 26, 2010
Freaky Friday
No asset dumping. Someone missed out on a happy meal.
:-)
HK [email protected] 20:02 GMT March 26, 2010
EUR/USD
Reply
EUR/USD Looks like daily a key reversal, which will make next week very interesting.
Any recent news or a short squeeze?
bucharest vicx 19:59 GMT March 26, 2010
Freaky Friday
maybe! koreea iran i dont know!?! its very strange!
Belgrade AS 19:57 GMT March 26, 2010
Freaky Friday
what happened to gold?another war started somewhere?
Belgrade AS 19:53 GMT March 26, 2010
eurjpy
same!stops for late entries to 1,0640...and pray to God!
all old entries have risk covered sub 1,04(tp=1,10-1,11)
bucharest vicx 19:48 GMT March 26, 2010
eurjpy
belgrade as how are u? usdchf any other thoughts or same pozition?!
Belgrade AS 19:45 GMT March 26, 2010
eurjpy
my God!just came in and saw your call...eurjpy is still fighting for 125!!!????.....feel really bad for tellin' Rana to "ride it for free to 125" yesterday
nah.....he probably sold it,anyway.
Miami JN 19:37 GMT March 26, 2010
eurjpy
Reply
Buy EURJPY
Entry: 123.80-00 Target: 125.00 Stop: 123.48
I expect to see a 125 next week
GVI Forex Blog 19:21 GMT March 26, 2010
Reply
The dollar has been firm this week. The upbeat equity market could have supported the greenback: the Dow is now heading towards the 11000 mark, and would thus return to pre-Lehman levels. But the main impetus came from Europe. The to-ing and fro-ing in the eurozone on the issue of Greece spooked the markets and pushed EURUSD below 1.33 temporarily. The strong economic data from the eurozone had little effect, however.
FX Briefing - IMF intervention: acceptable in the short term, but not a permanent solution
Ath. L.K. 18:54 GMT March 26, 2010
EUR/USD
To take money from IMF even with EU help is too bad for Euro!
Hronia Polla file!!!
Ath. Xarian 18:50 GMT March 26, 2010
EUR/USD
L.K. Kalispera file k Xronia Polla gia xtes
I agree with you on that.A help that might take place when Greece is in need and etc etc..This in not serious stuff now..So,the told us that Greece isn't in trouble and need in other words for the time beign..ok..cool man! Peace
Ath. L.K. 18:46 GMT March 26, 2010
EUR/USD
Sell EURUSD
Entry: 1.3405 Target: 1.3225 Stop: 1.3505
I feel beter to sell it.
All this GR thing is fiasko...
Xarian kalispera
Good Luck
bucharest vicx 18:42 GMT March 26, 2010
Freaky Friday
so zeus short or long on usdchf and eurusd?!
USA ZEUS 18:29 GMT March 26, 2010
Freaky Friday
The Dow is up a whopper and nobody likes the odds. Hmpf
GVI Forex Blog 18:18 GMT March 26, 2010
Reply
US Treasuries crashed this week as rates came unhinged for a host of reasons including the long-run outlook of unsustainable deficit financing in wake of the passage of the health care reform act in Congress. US dollar index is at a ten-month high.
What’s wrong with this Picture?
USA ZEUS 18:11 GMT March 26, 2010
Freaky Friday
Anyone.....anyone...Bueller?
GVI Forex john 18:01 GMT March 26, 2010
GVI Forex Trading Support
Any questions about what is happening or why?
Do you want an opinion on a currency pair or other instrument, or a critique of a trading idea?
Ask on one of our forums. Someone always has an informed reply! We're all here to help!
Questions? Contact Us
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USA ZEUS 17:59 GMT March 26, 2010
Freaky Friday
Double cheeseburger meal bet is good for 10 more mins.
Settle via paypal.
USA ZEUS 17:57 GMT March 26, 2010
Freaky Friday
bucharest vicx 17:53 GMT March 26, 2010
Coin-toss guess that it will be just the opposite.
People may begin to feel more inclined to sell various assets and buy USD to park their dough going into the weekend. Let's see...
dc CB 17:57 GMT March 26, 2010
Freaky Friday
pattern suggests: had a greeeeaaaaat quarter, better book it and re-evaluate after the holidays.
tokyo rana 17:55 GMT March 26, 2010
sayonara
Reply
Sell EURJPY
Entry: Target: Stop:
today is bad for trading one hour down one hour up markeet making no sence...ithink today most peoples are loser even big pros...ithink ihave to close some positions with some lost...but its ok its happen...happy trade...good weekend to all.....sayonara...best regards
bucharest vicx 17:53 GMT March 26, 2010
Freaky Friday
zeus : and thats mean that the usd will be weak?!and we ll have to short usd?!!?
USA ZEUS 17:49 GMT March 26, 2010
Freaky Friday
Will bet anyone a double cheeseburger meal that the DOW closes negative.
USA ZEUS 17:48 GMT March 26, 2010
Freaky Friday
Let's just see if some get "freaked" by the current developments, complacency, risk, holiday week ahead etc and liquidate assets for USD to be so called "safe" into the weekend uncertainty.
Ath. Xarian 17:46 GMT March 26, 2010
EUR/USD
ok.Got it man! thanxs
USA ZEUS 17:44 GMT March 26, 2010
EUR/USD
Ath. Xarian 17:27 GMT March 26, 2010
Was earlier and closed where indicated near swing lows. Reloaded a bit ago near the most recent swing high "rip rip rip" for another scalp lower.
For AS it can double as Rest In Peace for the euro intra-day rally.
Adios
tokyo rana 17:44 GMT March 26, 2010
euro
bucharest vicx....im wrong possible....you know better...im not pro...so im far doing well....happy trade...best regards
GVI Forex Blog 17:43 GMT March 26, 2010
Reply
20:00 GMT- Mar 26 (global-view.com) Finally, Europe has come to an agreement to defuse the Greek debt situation. Some aspects of the bailout program are vague, but it appears that the IMF together with Germany and France are going to backstop the Greek government.
The Daily Forex View-- Weekly
bucharest vicx 17:43 GMT March 26, 2010
EUR/USD
zeus , as thnx for the explanations! buy usdchf everybody :P
USA ZEUS 17:40 GMT March 26, 2010
EUR/USD
bucharest vicx 17:27 GMT March 26, 2010
Sorry for quick chirp without definition. Zeus trading follows the tide, wave ripple market mechanisms. At times there are rip tides and cross currents i.e. today. It is a scalpers session only.
Cheers!
GVI Forex john 17:38 GMT March 26, 2010
GVI Forex Trading Support
|
The Daily Forex View
Forex
Outlook -- Weekly20:00
GMT- Mar 26 (global-view.com) Finally, Europe has come to an
agreement to defuse the Greek debt s ituation.
Some aspects of the bailout program are vague, but it appears that the
IMF together with Germany and France
MORE...
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bucharest vicx 17:38 GMT March 26, 2010
euro
tokyo rana hope that u are wrong in that!
tokyo rana 17:33 GMT March 26, 2010
euro
Sell EURUSD
Entry: 1.3570 Target: 1.30 to 1.31 Stop: open
Ath. Xarian,eurusd ithink heading to around 1.35700.....happy trade....best regards
HK c 17:31 GMT March 26, 2010
Into Monday Trade
Reply
Buy USDJPY
Entry: 92.50 Target: 95.00 Stop: 91.00
Like this side of USDJPY.
Belgrade AS 17:29 GMT March 26, 2010
EUR/USD
rip="rock in peace"....with old people="rest in peace"
Ath. Xarian 17:27 GMT March 26, 2010
EUR/USD
Zeus are you still short? I lost my patience all day with this one..
bucharest vicx 17:27 GMT March 26, 2010
EUR/USD
zeus i dont now a lot of english what u mean by rip rip rip??!?!
Ath. Xarian 17:27 GMT March 26, 2010
euro
Reply
Eur/Usd starts to seem a total crap..It can't make a clear move and a proper correction.Stoxs are going down etc..I am wondering who is bidding eur/usd and what does he see on these highs. I am telling..this monetary union and their currency is a total and stupid crap
USA ZEUS 17:23 GMT March 26, 2010
EUR/USD
Rip Rip Rip!
USA ZEUS 17:21 GMT March 26, 2010
Korea
A tear in the hull below waterline from an explosion. Several dead.
tokyo rana 17:17 GMT March 26, 2010
usdjpy
Buy USDJPY
Entry: Target: Stop:
Belgrade AS but these level seen bfore last time came down from 93.800 and 97 and 101 last year...is that new thing 92.95?idonot know much forex...happy trade...best regards
tokyo rana 17:14 GMT March 26, 2010
short
Reply
Sell EURJPY
Entry: 124.100 Target: 115 Stop: open
im short 124.1 $EURJPY: Struggling to clear 50-Day SMA at 123.96, failure could lead to reversal. A break above leaves neckline resistance at 125.50....happy trade....best regards
...
Belgrade AS 17:11 GMT March 26, 2010
crude
did ANYBODY take a look at aud,nzd or cad/usd today?
Belgrade AS 17:09 GMT March 26, 2010
usdjpy
Buy USDJPY
Entry: 90,xx Target: 99-101area Stop: at ur will
usdjpy broke declining trend-line resistance...at the same time 84 low not only "smells",now it looks like a true bottom.
think:MAJOR CHANGE IN TREND!
just think....don't go "click"-ing like a monky!
lkwd jj 17:06 GMT March 26, 2010
crude
Reply
below 80 again, this time maybe for longer...........
USA ZEUS 17:05 GMT March 26, 2010
EUR/USD
Here it goes!
USA ZEUS 16:56 GMT March 26, 2010
EUR/USD
This one's poised for a rip. Go for it!
USA ZEUS 16:51 GMT March 26, 2010
Korea
CNN) -- A South Korean navy ship was sinking in the Yellow Sea near North Korea early Saturday, and the navy was shooting at an unidentified ship toward the north, according to reports quoting South Korean government officials.
Yonhap News Agency quoted Navy officials saying Friday that a ship carrying 104 crew members was sinking off the Seoul-controlled island of Baengnyeong in a flashpoint area between the Koreas.
The 1,500-ton ship was sinking between 9 and 10 p.m. Friday near the island, but the cause of the incident was not immediately known, the officials said.
______________________________________________________
In the "flashpoint" shooting at a ship towards the north but the cause of the sinking ship unknown? Arghhh
NYC ted 16:46 GMT March 26, 2010
EURUSD Scalp
Entry: Target: 1.3392 Stop:
taking my short back at 1.3392 Bird in the hand theory.
tokyo rana 16:40 GMT March 26, 2010
usdjpy
Sell GBPJPY
Entry: Target: Stop:
lkwd jj,thanx alot...gbpjpy also start going down iwish go under 135.500...happy trade...best regards
USA ZEUS 16:37 GMT March 26, 2010
EUR/USD
Ok taking mine now.
Enjoy
lkwd jj 16:35 GMT March 26, 2010
usdjpy
keep up the good work rana you are big time trader.
tokyo rana 16:34 GMT March 26, 2010
usdjpy
Sell USDJPY
Entry: Target: Stop:
lkwd jj,thats very good news for me....i short usdjpy also...your great...happy trade....best regards
lkwd jj 16:26 GMT March 26, 2010
usdjpy
9290 failed to take out thursday highs 9247 pivot. w/e profit taking ...all adds up to lower usdjpy.
bucharest vicx 16:22 GMT March 26, 2010
EURUSD Scalp
just 13370 i think if it will touch 13370 it will go at least 13300
lkwd jj 16:22 GMT March 26, 2010
usdjpy
Reply
bearish divergence rsi 1hr chart. can come back to 91.99 easy.
London Misha 16:16 GMT March 26, 2010
Korea
Hearing this now!
News reports suggest the Korean shipping incident was an accident, but all details are scarce
NYC ted 16:16 GMT March 26, 2010
EURUSD Scalp
Reply
Sell EURUSD
Entry: 1.3409 Target: 1.3370 Stop: 1.3425
Out of steam? Stop above HOD.
GVI Forex Blog 16:08 GMT March 26, 2010
Reply
UPCOMING DATA HIGHLIGHTS: This weekend will see clocks in Europe advance forward by one hour. Monday will see Japanese Retail Sales data. No major data are due from Europe. In North America, U.S. personal income data will be released.
GVI Forex- Data Outlook for March 29, 2010
GVI Forex john 16:03 GMT March 26, 2010
GVI Forex Trading Support
Mar 26 (global-view.com) UPCOMING DATA HIGHLIGHTS: This weekend will see clocks in Europe advance forward by one hour. Monday will see Japanese Retail Sales data. No major data are due from Europe. In North America, U.S. personal income data will be released.
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FRIDAY
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12:30
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US
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4Qp GDP pa
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5.90%
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5.90%
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13:55
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US
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Febf U Mich Sent
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73
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72.5
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SUNDAY
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0:00
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EZ/UK
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Clocks
+1hr
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n/a
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n/a
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bucharest vicx 16:01 GMT March 26, 2010
gbpjpy
excuse me i am wrong!
bucharest vicx 16:00 GMT March 26, 2010
gbpjpy
nikkei is down :P i think !
Lahore FM 15:58 GMT March 26, 2010
Trade Ideas
till then sell and buy**
tokyo rana 15:58 GMT March 26, 2010
gbpjpy
Reply
Sell GBPJPY
Entry: Target: Stop:
guys idonot know why not eurjpy and gbpjpy going down...even many times rejected....any idea?maybe only reason im short...haha....happy trade................best regards
USA ZEUS 15:57 GMT March 26, 2010
Korea
http://www.onesecondafter.com/pb/wp_194d9c9d/wp_194d9c9d.html
USA ZEUS 15:55 GMT March 26, 2010
Korea
http://en.wikipedia.org/wiki/Electromagnetic_pulse
People fear nukes with images of mushroom clouds and fallout. A single nuke sent up for an EMP attack will devastate all solid state electronics instantly (think about that for a moment) within line of sight. It is the greatest risk and would knock a country back 150 years+.
Lahore FM 15:53 GMT March 26, 2010
Trade Ideas
Sell Gold
Entry: Target: Stop:
gold is joined at hips with USD for now.it will go up but when US debt gets into real trouble.till then sell and but with usd trends.
Ath. Xarian 15:51 GMT March 26, 2010
Korea
What's an EMP attack?and where do you mean here?
Sorry for my question.It might be stupied
USA ZEUS 15:50 GMT March 26, 2010
EUR/USD
Take gains at your leisure. I will as well.
Cheers
USA ZEUS 15:50 GMT March 26, 2010
Korea
People here have been warned to prepare for an EMP attack.
San Diego LC 15:46 GMT March 26, 2010
Korea
North Korea has been making serious noises earlier today, including threats of a nuclear strike, if the following article is to be believed...
More on Korea
Belgrade AS 15:37 GMT March 26, 2010
Korea
people think gold is :money,hedge for inflation,commodity(haha...in medicine only)...etc.infact,it's a hedge instrument against mad politicians!!!!
everytime politics go wrong-gold goes up...has nothing to do with money or inflation/deflation!
GVI Forex john 15:34 GMT March 26, 2010
Korea
Does anyone have more info on the Korea story??
Ath. Xarian 15:34 GMT March 26, 2010
Korea
Should be usd bullish this now with Korea .Let's see..
bucharest vicx 15:31 GMT March 26, 2010
Korea
omg i didnt now that :P nice trick with gold! weapons and gold nice pair :))
Belgrade AS 15:30 GMT March 26, 2010
Korea
look at the price of gold..you'll know somebody fired something....somewhere.
London Misha 15:29 GMT March 26, 2010
Korea
BBC news had it as well!
bucharest vicx 15:27 GMT March 26, 2010
EUR/USD
zeus like someone from this forum said that it could even touch 1480 and i am agree!after yesterday meating they will help grreece an they have to bullish euro to make place for next bearish wave ! i am waiting!
San Diego LC 15:26 GMT March 26, 2010
Korea
news article about that...
Korea Ship
USA ZEUS 15:25 GMT March 26, 2010
EUR/USD
Final add on 1.3417
bucharest vicx 15:21 GMT March 26, 2010
EUR/USD
not yet!wait a little more!it could go up a little bit more!
USA ZEUS 15:21 GMT March 26, 2010
EUR/USD
Add 1.3414
USA ZEUS 15:20 GMT March 26, 2010
EUR/USD
Ok- Short EUR/USD @ 1.3408
London Misha 15:19 GMT March 26, 2010
Korea
Reply
Hearing this from a mate of mine!
A South Korean navy ship is sinking due to a missile or torpedo attack from an unidentified vessel, thought to be from the DPKR. There are 104 crew members on the sinking ship, no reports of casualties. The S. Korean navy is said to have fired at the other ship.
Anyone else with any info!
GVI Forex Blog 15:19 GMT March 26, 2010
Reply
Price action on USD/CHF, a daily chart of which is shown, has turned down significantly once again right near a long-term downtrend resistance line extending from the 2008-2010 price high hit in
Chart of the Day - 3/26/2010 – USD/CHF
bucharest vicx 15:19 GMT March 26, 2010
EUR/USD
USA ZEUS 16:02 GMT March 25, 2010
We meet again: Reply
Dn first, then up
if greece its like rezolved i think :P for the moment!
USA ZEUS 15:16 GMT March 26, 2010
EUR/USD
Reply
Will EUR/USD go down from 1.3396? Let's see...
bucharest vicx 15:14 GMT March 26, 2010
gbpusd
if your words :P
USA ZEUS 16:04 GMT March 25, 2010
We meet again: Reply
The bigger the base, the higher into space.
tokyo rana 15:14 GMT March 26, 2010
gbpusd
Sell GBPUSD
Entry: Target: Stop:
bucharest vicx,ithink gbpusd about to go down...resume down trend...today friday cud be un expexcted....happy trade....best regards
bucharest vicx 15:08 GMT March 26, 2010
gbpusd
any other thought zeus about gbpusd!will it touch 14937 today :P
USA ZEUS 14:57 GMT March 26, 2010
gbpusd
Take gains at your leisure.
USA ZEUS 14:52 GMT March 26, 2010
gbpusd
Over extended now.
USA ZEUS 14:39 GMT March 26, 2010
gbpusd
bucharest vicx 14:37 GMT March 26, 2010
Not today vicx. Me thinks it will relax near the 1.49 handle today.
USA ZEUS 14:37 GMT March 26, 2010
Freaky Friday
Saw John Arnold at Masala Wok in Houston last week.
If he isn't enough inspiration...
bucharest vicx 14:37 GMT March 26, 2010
gbpusd
zeus u want to say that gbpusd will touch today the 1500 level?!?!
GVI Forex john 14:35 GMT March 26, 2010
GVI Forex Trading Support
From our Weekly to be published later today
The future path of the JPY over the course of the year appears pretty clear, The new Japanese government has been putting relentless political pressure on the Bank of Japan (BOJ) to combat deflation. The yr/yr February nationwide CPI that was released on Friday fell 1.1% while the core CPI measure for that period was down 1.2%. The data prompted the government to prod the central bank to do more to spur economic growth.
One strategy for stimulating growth and encouraging price increases is a weaker currency policy. There was word this week that the Japanese Postal Authority, which is also a massive savings bank, was rumored to have been moving some of its large JPY portfolio into foreign currencies to improve their interest rate yields. there is little doubt that this activity was done following directions from the government, as it tends to weaken the JPY. Recall also that the fiscal year end for corporations ends next Wednesday (March 31). In most years corporations have significant profits to repatriate, but by now the bulk of these transfers must be completed by now.
The timing is difficult, but we see the USDJPY trading to back above the 100 line by mid-year.
Boston RS 14:33 GMT March 26, 2010
EUR/USD
seller at 1.3420?
USA ZEUS 14:33 GMT March 26, 2010
gbpusd
Locked a load for +100.
More later
GVI Forex Jay 14:29 GMT March 26, 2010
EUR/USD
Reply
As posted earlier on GVI Forex:
GVI Forex Jay 14:09 GMT March 26, 2010
EUR/USD: Reply
4 hour chart - note new high was just by 2 pips (1.3412)
GVI Forex Jay 14:05 GMT March 26, 2010
EUR/USD: Reply
1.3350 worked as a guide, helped by S&P
Using the 4 hour trendline now, currently 1.3406 - just broken, marginally so far
Lahore FM 14:26 GMT March 26, 2010
Trade Ideas
Buy USDCHF
Entry: 1.0651 Target: open Stop: 1,0590
added long.
GVI Forex Blog 14:25 GMT March 26, 2010
Reply
Mr. Jean-Claude Trichet, maximum leader of the European Central Bank (ECB) understands the market implications of this surrender of authority/responsibility...
Trichet surrenders with the troops?
USA ZEUS 14:21 GMT March 26, 2010
gbpusd
tired atm
London HC 14:19 GMT March 26, 2010
Pre Easter Week
Reply
Here is my view--
You don't want to be over exposed into next week when markets start to thin for the Easter break. This is not normally a week to add risk and this means those with positions are at risk for a squeeze. This does not mean it will happen but you will more likely see positions trimmed down than added. Next week is also complicated because US employment comes out on Friday when most of us are closed. All imho
USA ZEUS 14:06 GMT March 26, 2010
Freaky Friday
Don't stop believing.
USA ZEUS 14:03 GMT March 26, 2010
gbpusd
USA ZEUS 13:18 GMT March 26, 2010
gbpusd: Reply
Should see the support near these levels for the time being.
________________________________________________________
Take gains at your leisure.
Belgrade AS 13:58 GMT March 26, 2010
SELL COM.DOLLS...already!
Reply
Sell OTHER
Entry: sub200daySMA Target: 0,6600/0,6000 Stop: at ur will
my 200daySMA(based on euro midnights-daily close is 0,7006)
i think american average is @0,7013.risk can be covered @ declining resistance.
next chance to dance is sub rising short-term support.
PS:hope some sold aud against ex-support/turned resistance
and YES!....life is good...sun is shining!
GVI Forex Jay 13:52 GMT March 26, 2010
S&P
Reply
From GVI Forex:
GVI Forex Jay 13:51 GMT March 26, 2010
S&P: Reply
S&P adds downgrade possible if budget cuts are not fully implemented.
GVI Forex Jay 13:48 GMT March 26, 2010
S&P: Reply
S&P affirmed Portugal's rating at A+ => why eur/usd popped up just now
GVI Forex john 13:48 GMT March 26, 2010
GVI Forex Trading Support
Data @ 13:55 GMT Final March
University of Michigan Consumer Sentiment
The University of Michigan Survey is a consumer confidence index published (and revised) over each month. The index is normalized to 100 (December 1964). At least 500 telephone interviews are conducted each month. 50 core questions are asked.
Melbourne Qindex 13:43 GMT March 26, 2010
USD/CAD : Current Comments
Reply
USDCAD
Entry: Target: Stop:
USD/CAD : Resistance at 1.0359
Upside Targeting Points = 1.0293 - 1.0307
Downside Targeting Points = 1.0193 - 1.0207
Belgrade AS 13:38 GMT March 26, 2010
gbpusd
the trick with gbpusd is Mar.1. "rumor" that market is buying 1,48 puts like madmen
so....do you bet market is right?...don't think so!
anyway,sub 1,4780 careless selloff may begin!
right now it;s too tricky for my taste
Mykonos Tsibouklis 13:22 GMT March 26, 2010
gbpusd
File,,,,i would be more concerned with getting ready for the Drachma than chasing some tip from a bookie..
lkwd jj 13:19 GMT March 26, 2010
gbpusd
148.67 pivot held on hourly chart (close).
Ath. Xarian 13:18 GMT March 26, 2010
gbpusd
Zeus..I have an info these days on this and wanted it to share it with you on this forum.We've got to keep our eyes open on the next few weeks cause it will be massive.It's good to have this on mind if it happens.Till now everything goes as plan in England and it's getting prepared for the big boom!Happy to see this come true and get profits and benefit as much as we can
USA ZEUS 13:18 GMT March 26, 2010
gbpusd
Should see the support near these levels for the time being.
USA ZEUS 13:16 GMT March 26, 2010
gbpusd
That will be a dream come true. Let's hope it does.
Ath. Xarian 13:16 GMT March 26, 2010
gbpusd
Take profits at your leisure on gbp/usd..fast and cashed in 5 min over 30 pips and keeps going...
GL and trade safe
tokyo rana 13:15 GMT March 26, 2010
shorts
Reply
Sell USDJPY
Entry: 92.85 Target: open Stop: open
shorts gbpjpy eurjpy and usdjpy...ihope it will be good friday...happy trade...best regards
Ath. Xarian 13:10 GMT March 26, 2010
gbpusd
I will repeat it again about gbp/usd..We 'll see a big fall and fast in about 2 weeks or so,or in May.Keep that in mind..And I mean a big fall like a knife,not 200 pips intraday..It will be over 1000 pips and as I said "fast"
GVI Forex Jay 13:08 GMT March 26, 2010
gbpusd
GBP/USD daily chart shows the risk. 1.4784 is the key level that needs to hold.
Ath. Xarian 13:07 GMT March 26, 2010
gbpusd
Gbp/Usd is near to start falling again
USA ZEUS 13:03 GMT March 26, 2010
gbpusd
Please share your thoughts as to what you see coming. tia
London Chris 12:59 GMT March 26, 2010
gbpusd
I was just curious as I evaluate a few ideas for what may come next.
USA ZEUS 12:57 GMT March 26, 2010
gbpusd
London Chris 12:55 GMT March 26, 2010
Yes. Long and strong. What is on your mind?
GVI Forex john 12:56 GMT March 26, 2010
GVI Forex Trading Support
Final 4Q09 GDP revised down to +5.6% from +5.9%. Downward revision more than expected.
USA ZEUS 12:55 GMT March 26, 2010
EUR/USD
Reply
EUR/USD seems stragely attracted to this 1.3370 so I guess it will go higher some.
USA ZEUS 12:55 GMT March 26, 2010
EUR/USD
Reply
EUR/USD seems stragely attracted to this 1.3370 so I guess it will go higher some.
London Chris 12:55 GMT March 26, 2010
gbpusd
Reply
Zeus please take this the right way - are you still in the long gbpusd trade? I am just curious.
BRIS 12:49 GMT March 26, 2010
USD/JPY
USDJPY
Entry: Target: Stop:
Go have a look at an hour chart and you will see that the swing high to your left is at 92.39 . Price is holding that high which means the uptrend is still very much intact, if it was to penetrate that level well then you could possible look for a small correction.
London Clive 12:47 GMT March 26, 2010
USD/JPY
Human nature is to look to buy low and sell high even if risk is for even lower or higher.
PAR 12:47 GMT March 26, 2010
Us Debt Ceiling - $ trillions
Reply
The Congressional Budget Office estimates that, under President Obama's budget, the United States will add new debt of almost $10 trillion in the next decade. We are presently taxing and spending $600 million a day for interest on the $12 trillion we've already borrowed. And yet here we are, burdened with the passage of a new, multi-trillion-dollar health care entitlement. How much is one trillion? Consider: A million seconds will elapse in 12 days. A trillion seconds? Over 30,000 years!
One trillion dollars is serious money. Even in Washington. It's not that health reform isn't worthwhile. However, the demands for spending trillions more on Congress' plans are hard to swallow with current entitlement programs already in the red.
And we won't tax our way out of this spending/debt problem. According to research from the University of California, using tax hikes alone to sustain programs like Medicare would require permanent tax increases of nearly 50 percent. Such overwhelming burdens are sure to stifle economic growth.
BRIS 12:44 GMT March 26, 2010
USD/JPY
USDJPY
Entry: Target: Stop:
A possible 100 point rise , but my main concern is why would you want to short a stock which is trending strongly up on both an hourly and 4 hourly, trading is about stacking probability in your favour , being patient and applying strict money management. If the trade pans out it will be more luck than good technical analysis in my opinion.
Mtl JP 12:36 GMT March 26, 2010
USD/JPY
BRIS 12:29 what additional danger beyound tommy's 72 pip potential loss do you see ?
Melbourne Qindex 12:29 GMT March 26, 2010
EUR/GBP : Current Comments
Reply
EURGBP
Entry: Target: Stop:
EUR/GBP : Support 0.8888
Upside Targeting Points = 0.9024 - 0.9057
Downside Targeting Points = 0.8927 - 0.8937
tokyo tommy 12:26 GMT March 26, 2010
USD/JPY
Reply
Sell USDJPY
Entry: 92.78 Target: 92.00 Stop: 93.50
just try
Lahore FM 12:25 GMT March 26, 2010
Trade Ideas
Sell S&P
Entry: 1166.75 Target: open Stop: 1173.50
levels correction*
Lahore FM 12:24 GMT March 26, 2010
Trade Ideas
Sell S&P
Entry: 1066.75 Target: open Stop: 1073.50
sold one last time for this quarter.
GVI Forex john 12:04 GMT March 26, 2010
GVI Forex Trading Support
Today sees the third (and final) revision to 4Q09 GDP. Changes should be minimal.
Belgrade AS 11:59 GMT March 26, 2010
Trichet
https://gm.bankofny.com/Research/MorningUpdate/Article.aspx?Type=0&ContentManagerID=24292
tokyo rana 11:59 GMT March 26, 2010
gbpjpy
Reply
Sell GBPJPY
Entry: 137.75 Target: 134 Stop: open
short more gbpjpy....happy trade...best regards
GVI Forex john 11:58 GMT March 26, 2010
GVI Forex Trading Support
Total open interest in the June EURO FX contract jumped to what we believe is a new record of 206,073 contracts up 12,593 on Thursday.
We assume the markets mostly were building new shorts? Suggests that there now is a major overhang of EURUSD shorts. I believe this is called "potential energy" in physics.
London HC 11:49 GMT March 26, 2010
Freaky Friday
This has been more about getting out of short euro positions (and that includes crosses) than enthusiasm over the Greece safety net. This does not mean it can't run further as it all depends on whether more shorts choose to exit before the weekend but so far seems to be some selling above 1.34.
GVI Forex john 11:49 GMT March 26, 2010
GVI Forex Trading Support
Data @ 12:30 GMT
Gross Domestic Product (GDP)
The total value of goods and services produced within the borders of a country, regardless of who owns the assets or the nationality of the labor used in producing that output. The growth of output is usually measured in real terms, meaning increases in output due to inflation have been removed.
Importance: One goal (often unstated) of central banks is sustained growth of the economy with full employment and stable prices. Real GDP is the most comprehensive measure of the performance of an economy. By monitoring trends in the overall growth rate as well as the unemployment rate and the rate of inflation, policy makers are able to assess whether the current stance of monetary policy is consistent with its policy goals.
USA ZEUS 11:42 GMT March 26, 2010
Freaky Friday
Working hard to get my fill
Everybody wants a thrill
Paying anything to roll the dice
Just one more time
Some will win, some will lose
Some were born to sing the blues
Oh the movie never ends
It goes on and on and on and on
Don't stop believing!
Wall Street 11:39 GMT March 26, 2010
Trichet
PAR- Trichet was obviously very upset with the settlement. His first set of comments were uncharacteristically candid for someone in his position. Any idea what he had been looking for on Greece?
tia.
NYC ted 11:24 GMT March 26, 2010
Scalp
taking profits @ 1.3394.
Got what I wanted.
HK [email protected] 11:22 GMT March 26, 2010
Euro maybe before a blast to 1.3700
Reply
Buy EURUSD
Entry: 1.3435 Target: 1.3690 Stop: 1.3360
Once the trade may prosper the nervous trader may exit at 1.3500
PAR 11:20 GMT March 26, 2010
Trichet
Reply
Very, very bad deal . Must have been the effect of the French wines.
Euro Gains as Trichet Says â€Happy’ With EU Solution for Greece
March 26 (Bloomberg) -- The euro rose from a 10-month low against the dollar after European Central Bank President Jean- Claude Trichet said he was “happy” the 16 euro-area countries found a solution for giving aid to Greece.
Happy or very, very happy.
European stability pact = Us debt ceiling
Both unworkable and just an illusion of keeping control.
Gen dk 11:03 GMT March 26, 2010
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
NYC ted 10:56 GMT March 26, 2010
Scalp
Reply
Buy EURUSD
Entry: 1.3375 Target: 1.3415 Stop: 1.3360
Jumping on this. Close stop.
HK Kevin 10:54 GMT March 26, 2010
AUS/USD
HK [email protected] 09:51 GMT March 26, agree with this short term trade, your level mat be seen next Mon.
I just covered my short at 0.9058.
London Misha 10:45 GMT March 26, 2010
Observations
Reply
EURUSD - Bullish Inverted Hammer on Daily Chart!
USDJPY - Second close over the Long MA!
GBPUSD - Possible Bullish Inverted Hammer on Daily Chart!
USDCHF - Possible Bearish Tweezer Top on Daily Chart.
EURGBP - Massive & slightly bullish Doji or else neutral Spinning Top on Daily Chart.
EURJPY - Spinning Top on Daily Chart!
USDCAD - Bullish Dragonfly Doji on Daily Chart!
AUDUSD - Bearish Gravestone Doji on Daily Chart!
NZDUSD - First close over the Long MA. Possible Bullish Harami on Daily Chart.
GVI Forex Blog 10:23 GMT March 26, 2010
Reply
Currencies/Fixed Income: The Euro breathed a sigh of relief during the Friday session as the mix of IMF and bilateral loans at market interest rates for Greece painted a clear political message of solidarity for the EU.
European Market Update: ECB Trichet clarifies IMF remark
jerusalem KB 10:11 GMT March 26, 2010
sell eurusd
closing wrong position on time is not bad
i closed with 15pips-
GVI Forex Blog 10:00 GMT March 26, 2010
Reply
The euro rose from a 10-month low against the dollar on Friday after euro zone leaders agreed on a safety net for Greece, though uncertainties remained over how Athens' debt burden would be managed in practice.
FOREX NEWS-Euro gains after EU agrees Greek safety net
GVI Forex john 09:59 GMT March 26, 2010
GVI Forex Trading Support
|
The Daily Forex View
More
Greek Headlines in Store?
10:00
GMT- Mar 26Â (global-view.com) Forex markets have reacted positively
overnight to what has to be deemed a muddled bailout program for Greece.
Apparently the agreement has the IMF playing...
MORE...
|
HK [email protected] 09:59 GMT March 26, 2010
AUS/USD
CORRECTION!!!!!!!!!!!!!!!!!!!!!!!
EUR/USD will cause some unrest to the shorts upon breaching 1.3400 (if happens) good news may lead a rally to about 1.3700.
GVI Forex Jay 09:52 GMT March 26, 2010
EUR/USD
Reply
As posted on GVI Forex
GVI Forex Jay 09:47 GMT March 26, 2010
EUR/USD: Reply
Trichet damage control has seen a Friday relief rally that has so far not tested yeserday's high at 1.3386. This is the initial key level on top. Beyond that is 1.3398 (23.6% of 1.3817-1.3268), the one hour trendline (currently 1.3410) and the 100 hour mva (currently 1.3420). The latter two are steep sloped and thus will come closer into range as each hour passes. The trendline is the key one to watch (see chart).
Note eur/chf has moved back to 1.43 and can use that as a sign of easing euro concerns. If I was the SNB I would be working behind the scenes to take advantage of the current situation to push the cross up quietly.
One change today is that stops are more likely to be on the upside than the downside. 1.3350 is again a sentiment indicator. 1.3325 appears to be key day support.
HK [email protected] 09:51 GMT March 26, 2010
AUS/USD
Reply
Buy AUDUSD
Entry: 0.9055 Target: 0.9100 Stop: 0.9035
EUR/USD will cause some unrest to the shorts upon breaching 1.4500 (if happens) good news may lead a rally to about 1.4700.
Auckland peat 09:46 GMT March 26, 2010
eurusd
apparently the EU heads of
state have managed to agree on a safety net
for Greece. The agreement is based on
cooperation with the International Monetary
Fund (IMF), and this may be the reason that
until now the market's reaction to the
agreement has been fairly modest
http://www.jyskebank.dk/_jb/commoninc/bin.asp?id=235166&censored=marketdrivers_260908.pdf
Auckland peat 08:52 GMT March 26, 2010
eurusd
3419?
tallinn viies 08:42 GMT March 26, 2010
eurusd
Reply
sold euros at 1,3369,. stop at 1,4419.
target 1,3265
tallinn viies 08:39 GMT March 26, 2010
eurusd
Reply
RTRS-ITALY'S BERLUSCONI SAID LAST NIGHT GREEK BANKRUPTCY COULD TRIGGER A 10 PCT EURO DEVALUATION VS US DLR
tokyo rana 08:29 GMT March 26, 2010
eurusd
Reply
Buy EURUSD
Entry: Target: Stop:
eurusd long call seems ok which imade today 1st well bfore1.330 ...and soon coming down gbpjpy to below 135 watch yen crosses..happy trade...best regards
Amman wfakhoury 08:26 GMT March 26, 2010
eurusd profitmaker alert
Reply
jkt-aye 08:22 GMT March 26, 2010
-------------------------------
the area too narrow..you can add - or + 20 to it
jkt-aye 08:22 GMT March 26, 2010
EUR/USD profitmaker sys alert
think we heading toward 1.3440 with stop below 1.3300.
why the change level so narrow ? how to avoid the whipsaw effect ? tia
tokyo rana 08:16 GMT March 26, 2010
sell eurusd
jerusalem KB,ithink sale yen pair is today good...big move coming in yen pairs...happy trade...gbpjpy below 135 imlooking....best regards
jerusalem KB 08:14 GMT March 26, 2010
sell eurusd
Reply
Sell EURUSD
Entry: 1.3360 Target: 1.3280/210 Stop: 1.3400
risking in this with 2%
tokyo rana 08:12 GMT March 26, 2010
yen
Reply
Sell EURJPY
Entry: 123.85 Target: open Stop: [email protected]
now guys ithink see yen crosses.....eurjpy also hit resistance...happy trade....best regards,
Amman sukmidik 08:05 GMT March 26, 2010
Profitmaket tired?
Reply
Amman wfakhoury 08:00 GMT March 26, 2010
EUR/USD profitmaker sys alert: Reply
Does this mean i have to stop entering and exiting your profitmaker now?....shame as you were beginning to enjoy it....
Amman wfakhoury 08:02 GMT March 26, 2010
eurusd correction
Reply
breaking 13365 up means 13450 will be seen iso 13750
Amman wfakhoury 08:00 GMT March 26, 2010
EUR/USD profitmaker sys alert
Reply
in weak uptrend .
Change trend level 13365-13355.
keeping below 13355 means 13200 will be seen
breaking level 13365 mean 13750 will be seen.
tokyo rana 07:43 GMT March 26, 2010
eur/usd
Buy EURUSD
Entry: Target: Stop:
Neuville JD,no problem....i just want safe trade bcoz of friday idonot want keep anything on friday...eurusd north is mostly likely bcoz gbp sale started so eur go up...gbp lowering against yen and usd...happy trade...best regards
Neuville JD 07:38 GMT March 26, 2010
eur/usd
I'd rather tell you now : I won't feel guilty if it goes north :)
tokyo rana 07:33 GMT March 26, 2010
eur/usd
Buy EURUSD
Entry: Target: Stop:
Neuville JD saying short so i close my long for time with out lost..happy trade,best regards
Neuville JD 07:31 GMT March 26, 2010
eur/usd
! I'm so out of space.... meant 1.3340, thirty three forty...)
Neuville JD 07:26 GMT March 26, 2010
eur/usd
Reply
( ...I meant 1.3440, entry point and stop 30 pips 1.3470...)
Neuville JD 07:24 GMT March 26, 2010
eur/usd
Reply
Sell EURUSD
Entry: 1.34 Target: 1.32 Stop: 1.3430
eur/usd is below its average on 4 h chart and 1.34 is also the projected resistance of yesterday.
Also above, 1.0695, usd/chf target 1.0800
Gt/Gl
tokyo rana 07:22 GMT March 26, 2010
jpy
Reply
Buy OTHER
Entry: Target: Stop:
ithink yen is going to fly ithink buy ok yen...ithink yen pairs sale ok...yen getting srtong....any view welcome...ithink gbpjpy and eurjpy close well below support if im not wrong...best regards,
tokyo rana 06:59 GMT March 26, 2010
euro
Auckland peat,idonot know much about forex...but some one saying eurusd With 4 hours MACD crossed above signal line....so ithink it will rise around 1.35.....happy trade...best tregards,
Amman wfakhoury 06:58 GMT March 26, 2010
gbpusd profitmaker sys alert
Reply
14860-50 is the trend change level if breaks down 14750-700
will be seen if keep above 14860 then 15000 will be seen,
tokyo rana 06:56 GMT March 26, 2010
short
Reply
Sell GBPUSD
Entry: 1.50 Target: 1.43700 Stop: open
short yesterday added today more.....happy trade...best regards
Auckland peat 06:55 GMT March 26, 2010
euro
Reply
yes maybe rana... euro formed a diag triangle here , breaking down?
tokyo rana 06:53 GMT March 26, 2010
eurusd
Reply
Buy EURUSD
Entry: 1.3300 Target: 1.35 Stop: open
long eurusd....happy trade....best regards
Syd 06:52 GMT March 26, 2010
RBA flags rates to rise 0.5pc
Reply
Household wealth has recovered close to boom-time highs and bad loans have peaked in a sign that the recovery is well under way, underlining Reserve Bank of Australia warnings that mortgage rates will have to rise. AFR
tokyo rana 06:45 GMT March 26, 2010
gbpjpy
Reply
Sell GBPJPY
Entry: Target: Stop:
waiting for yen crosses....gbpjpy ithink started....happy trade.......best regards
Juffair KaL 06:29 GMT March 26, 2010
something should start
Reply
expected Highs and Lows
EURUSD 1.3361 1.3169
USDJPY 93.1918 92.1116
GBPUSD 1.4904 1.4690
USDCHF 1.0808 1.0683
AUDUSD 0.9133 0.9015
USDCAD 1.0298 1.0198
NZDUSD 0.7091 0.6992
GBPJPY 138.6964 135.8614
Hong Kong 06:18 GMT March 26, 2010
USD/JPY Daily Market Outlook by AceTrader
Reply
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 92.60
Last Update At 26 Mar 2010 04:26 GMT
Despite initial weakness to 92.39 after y'day's
resumption of recent upmove to 92.96 in NY, present
rebound due to renewed cross-selling in yen sug-
gests mild upside bias is seen, abv 92.77 (AUS) may
yield re-test of 92.96, then 93.10/20 b4 down.
Stand aside n sell dlr on upmove for day trade.
Below 92.39 signals top is possibly made, 92.15.
Range Forecast
92.45 / 92.77
Resistance/Support
R: 92.77/92.96/93.22
S: 92.39/92.15/91.76
http://www.acetraderfx.com
Melbourne Qindex 05:57 GMT March 26, 2010
GBP/USD : Current Comments
Reply
GBP/USD : Resistance at 1.5080
Downside Targeting Points = 1.4727 - 1.4755
Upside Targeting Points = 1.4892 - 1.4928
Syd 05:46 GMT March 26, 2010
RBA watching foreign investment in housing
Reply
The Reserve Bank is monitoring whether the government’s decision to relax rules on foreigners who buy local property is stoking a surge in house prices, Governor Glenn Stevens said.
LINK
Melbourne Qindex 05:26 GMT March 26, 2010
USD/JPY : Current Comments
Reply
USD/JPY : Resistance at 93.55
Downside Targeting Points = 92.11 - 92.20
Upside Targeting Points = 93.39 - 93.75
Melbourne Qindex 05:08 GMT March 26, 2010
GBP/AUD : Current Comments
Reply
GBP/AUD : Resistance at i.6585
Downside Targeting Points = 1.6086 - 1.6147
Upside Targeting Points = 1.6504 - 1.6558
Melbourne Qindex 04:56 GMT March 26, 2010
EUR/USD : Current Comments
Cairo Hesham 04:42 GMT - I don't have a data file for NZD/JPY
Melbourne Qindex 04:40 GMT March 26, 2010
EUR/USD : Current Comments
Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD : Resistance at 1.3426
Upside Targeting Points = 1.3352 - 1.3362
Downside Targeting Points = 1.3211 - 1.3228
Melbourne Qindex 03:46 GMT March 26, 2010
USD/JPY : Current Comments
Reply
USDJPY
Entry: Target: Stop:
USD/JPY : Critical Resistance 92.95
The weekly cycle projected series indicates that the market has reached the weekly cycle normal upside targeting point at 92.95 and it is now retracing back to 92.22 which is the mid-point reference of 91.49* and 92.95*. Speculative selling pressure will increase when the market is below 92.20. The barrier of 91.49* // 91.86 is going to be a short term supporting range.
Weekly Cycle Projected Series (90.52) : ... 84.92 - 85.65* - 86.38 - 86.75 // 87.11* - 87.48 - 87.84 - 88.21 - 88.57* - 88.94 - [89.30] - 89.67 - 90.03* - 90.40 - 90.76 - 91.13 - 91.49* // 91.86 - 92.22 - 92.95* - 93.69 ...
USD/JPY : Monthly Cycle Charts
http://www.qindex.com/yen.html
Lahore FM 02:45 GMT March 26, 2010
Trade Ideas
Buy GBPCHF
Entry: 1.5939 Target: 1.6500 Stop: 1.5800
long here...
Lahore FM 02:22 GMT March 26, 2010
Trade Ideas
Buy EURCHF
Entry: 1.4280 Target: 1.4500 Stop: 1.4230
long here.
Lahore FM 01:32 GMT March 26, 2010
USDCHF
ABHA FXS 22:28 GMT March 25, 2010
ABHA,i am on the other side of the trade.i added longs!
Hong Kong 00:44 GMT March 26, 2010
Daily Market Outlook by AceTrader
Reply
Market Review - 25/03/2010 22:53GMT
Euro falls to 10-mth low as Trichet's comments weigh
The euro weakened to a 10-month low against the buck on Thursday after a European draft agreement on aid for debt-stricken Greece showed that the euro zone and the IMF will share the burden.
The single currency, in a day of volatile trade, had fallen to 1.3283 in Asia after European Central Bank President Jean-Claude Trichet said that if the IMF took responsibility for bailing out Greece it would send a negative message and considered that would be 'clearly be very, very bad.' The pair rebounded though, after office of French President said that Sarkozy and German Chancellor agreed on a joint approach ahead of the EU summit and the pair hit an intra-day high of 1.3388 in NY mid-day on the news. However, renewed selling interest emerged there and price tumbled below said 1.3283 low and reached 10-month low of 1.3267 in NY afternoon before stabilizing.
On Thursday, the Dubai government announced to support Dubai World's debt reconstructing with $9.5 billion as the state-own holding company asked creditors to wait up to eight years to get all their money back. This announcement has given the sterling a lift as many U.K banks were exposed to the Dubai World's debt issue. The British pound rose from 1.4854 in Asian mid-day to a high at 1.5005 in European morning after retail sales data from U.K. showed the country's retail sales has rebounded more than economists forecast in February and that is the biggest jump since May 2008 as Britons raised spending on goods from electrical items to auto fuel. This figure is a sign that the economy is slowly improving which is in line with expectations. However, renewed selling interest emerged and pushed the cable below said low to 1.4798 in NY afternoon before stabilizing.
Although the greenback briefly dipped to 91.76 in Asian morning against the yen, the pair had been firm throughout the day on broad-based dollar strength and active cross-selling on yen. The pair eventually rallied above Wednesday high of 92.42 to an intra-day high of 92.96 in NY afternoon.
On the data front, reports showed the number of people applying for unemployment benefits in the U.S. fell 14,000 in the week ended March 20 to a seasonally adjusted 442,000. The four-week average declined by 11000 to 453,750. In the week of March, about 3.7 million jobless worker were receiving extended federal benefits, down 345,000 from the week before.
Economic data to be released on Friday include: New Zealand trade balance, Japan CPI, Germany import price index, U.S. PCE, GDP and University of Michigan survey (final) .
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