GBP/JPY has touched the top channel line that we noted this morning. We enter a Sell Order at market (current Bid 157.37). [...]
Trade Idea - Short GBP/JPY
Source: feedproxy.google.com
Read more...
Forex CT 9-3-12 Market Update & Outlook
Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers...
AUDUSD stays above a uptrend line
AUDUSD stays above a uptrend line on 4-hour chart, and remains in uptrend from 0.9390, and the rise has extended to as high as 1.0344. As long as...
China’s Industrial Output for May rumoured to be higher than expected
There is a story printed in today’s HK newspaper, Ming Pao Daily, that the upcoming Chinese May Industrial Output number will show growth of 8.9% yoy. If this is true it will be much greater than the median forecast of 7.6% that the market is expecting and should cause a stir in the currency...
Merck Sees Q1 EPS Below Estimates (MRK)
3-6-12-Merck (NYSE:MRK) announced that it sees Q1 EPS of $0.95 – $0.98, vs. estimates of $1.01.The company reaffirmed its 2012 adjusted...
GBPUSD’s downtrend extends to 1.5350
GBPUSD’s downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at...