Being contained by 1.5382 previous high resistance, GBPUSD pulled back from 1.5318 and traded in a narrow range between 1.5128 and 1.5318. Support is...
GBPUSD pulled back from 1.5318
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Pimco all over the wires, talking their book
El-Erian and Gross are tag-teaming, running for the cameras to tell the markets that the economy still sucks. When you are long $1 trln in bonds (that’s their job), what else would you expect. US 10-year notes are now around 3.85%, a level where Gross said he would be a buyer around a week...
Daily Market Wrap: January 23, 2012
Stocks took a breather from last week’s rally as investors were cautious ahead of a possible Greek default. But we are in the midst of...
Why BHP Will Be the First Victim of China’s Economic Collapse
By MoneyMorning.com.au “Land sales slowed sharply in China last year, according to a series of industry reports that highlight the...
FOREX VIDEO REVIEW: London Session July 21st, 2009
Today’s London session was kind of tacky other than the quite obvious British Pound weakness throughout the night. While the GBP/USD short paid nice dividends from the pre-London entry, in this video I focus more on a completely different trade on the EUR/JPY. However, we did use the GBP...
AUD/JPY Technicals: Long term view is best
My view here is that we are currently nearing the end of the retracement phase which will be followed by a resumption of the downtrend. Whether the retracement ends at the 50% level at 80 or whether we see another push higher towards the golden retracement at 85.50 remains to be seen. Support...