GBPUSD’s bounce from 1.5829 reaches 1.6456 level only. The subsequent pullback suggests that a cycle top is being formed on daily chart. ...
GBPUSD’s bounce reaches 1.6456 only
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Evil Genius Trade Package
I consider myself a law abiding, stand-up citizen. You know, I always try to do what’s right. I’m not one that condones cheating or telling secrets. That’s why when I came across this ‘sin’sational package (pardon the pun), I was faced with a Dr. Jekyll and Mr. Hyde...
Bigger players sniffing around USD/JPY
I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...
Risk aversion dominates the morning session
EUR/JPY has fallen almost 100 pips from it’s NY closing level as events in Iran and North Korea remind the market that we are really only one big event away from a significant hiccup in the worldwide economic recovery. Risk aversion has been the name of the game, with both the JPY and CHF...
Forex Forecast - November 9-13 2009
During the weekend, the finance ministers of the G20 countries are meeting in St. Andrews, Scotland. The headlines that will come out from there will impact the markets, and especially EUR/USD, which is sensitive to global events like these. EUR/USD, the world’s favorite currency pair, partially...
Kiwi Gains as Payrolls Climbs
By TraderVox.com Tradervox (Dublin) - The Canadian dollar has strengthened against the greenback after employment appreciated in April to...