Forex Forum Archive for 01/1/2011

Hong Kong Qindex 08:30 GMT January 1, 2011
USD/JPY and Its Crosses

Sell USDJPY
Entry: Target: Stop:

USD/JPY : The upside and downside target is 82.07 and 79.97 respectively. A resistant point is expected at 81.55 and a supporting level is located at 80.50. The odds are in favor of maintaining a short position when the market is trading below 81.02.


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Hong Kong Qindex 08:21 GMT January 1, 2011
USD/CAD and its Crosses

Sell USDCAD
Entry: Target: Stop:

USD/CAD : The upside and downside target is 1.0193 and 0.9838 respectively. A resistant point is expected at 1.0105 and a supporting level is located at 0.9927. The odds are in favor of maintaining a long position when the market is trading above 1.0371.


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Hong Kong Qindex 08:12 GMT January 1, 2011
GBP/USD and its Crosses

GBPUSD
Entry: Target: Stop:

GBP/USD : The upside and downside target is 1.5897 and 1.5434 respectively. The odds are in favor of taking a short position when the market is below 1.5434.


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Hong Kong Qindex 08:01 GMT January 1, 2011
AUD/USD and its Crosses

Buy AUDUSD
Entry: Target: Stop:

AUD/USD : The upside and downside target is 1.0549 and 0.9761 respectively. A resistant point is expected at 1.0352 and a supporting level is located at 0.9958. The odds are in favor of maintaining a short position when the market is trading below 1.0155.


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Hong Kong Qindex 06:48 GMT January 1, 2011
USD/CHF and its Crosses

Sell USDCHF
Entry: Target: Stop:

USD/CHF : The upside and downside target is 0.9800 and 0.8998 respectively. A resistant point is expected at 0.9600 and a supporting level is located at 0.9198. The odds are in favor of maintaining a short position when the market is trading below 0.9399.


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Syd 06:20 GMT January 1, 2011
China's Official December PMI 53.9 Vs November 55.2
Reply   
China's official Purchasing Managers Index fell to 53.9 in December from 55.2 in November, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Saturday.

Whither Euro? UK Think Tank Sees 20% Chance Of Survival
In a list of top 10 predictions for 2011, the CEBR, a prominent U.K.-based think-tank, gave the euro a slim one-in-five chance of being preserved in its present incarnation as the legal tender for the 16 nation currency bloc that use the euro. That number will increase to 17 on Monday, when Estonia accedes to the euro zone on Monday.
http://www.zawya.com/story.cfm/sidDN20101231003304

Sarkozy says euro's demise would be end of Europe
http://finance.yahoo.com/news/Sarkozy-says-euros
-demise-rb-922838775.html?x=0

Bonds' dramatic year sets stage for higher rates
Dramatic year for bonds sets the stage for higher costs for borrowers in the new year
http://finance.yahoo.com/news/Bonds-dramatic-
year-sets-apf-2113760497.html?x=0


China on warpath against inflation
China's central bank chief has pledged to keep prices stable in 2011, raising the prospect of further interest rate rises to rein in inflation
http://www.telegraph.co.uk/finance/china-business/8234166/China-on-warpath-against-inflation.html

Market Bull vs. Bear
Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views
http://www.cnbc.com/id/15840232?video=17158870
20&play=1

tokyo rana 04:06 GMT January 1, 2011
Happy New Year 2011

again veryy very very very very very very happy new year to all,and many thanx to Jay and John........................ihope we do good trading in 2011 and learn from our misstake which made in 2010......ihope we all make lots of pips..........................................................happy weekend,

Hong Kong Qindex 02:24 GMT January 1, 2011
EUR/USD and Its Crosses

Buy EURUSD
Entry: Target: Stop:

EUR/USD : The upside and downside target is 1.4078 and 1.2771 respectively. A resistant point is expected at 1.3751 and a supporting level is located at 1.3751. The odds are in favor of maintaining a long position when the market is trading above 1.3261.


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HK REVDAX 02:09 GMT January 1, 2011
Trade Ideas

FM//Thank you for your tip to buy GNP. It has made up for the losses I incuured on $/CAD.
Happy New Year!

Beijing helen 00:09 GMT January 1, 2011
Happy New Year 2011

Jay and John, best wishes to you too and thanks for this excellent platform!