Hey everyone, as the risk of sounding boring I pick on the Euro Pound again for clues today, it really has been a fantastic barometer for relative strength over the last month. In addition I also build trade plans for the Aussie Yen and Pound USD. Aussie Yen is interesting, I include no indicators whatsoever just pure price action as well as support and resistance. Good luck!! David Pegler
FOREX VIDEO - Pre London Outlook September 23rd 2009
Source: blogs.fxstreet.com
- Tags:
- Daily market commentary
Read more...
Wegelin & Company Agrees to Sell to Switzerland’s Raiffeisen Group
Wegelin & Company agreed to a sale to Switzerland’s Raiffeisen Group after coming under investigation in the U.S. for allegedly...
The Top 10 Dividend-Paying ETFs
In just 10 years, the number of exchange-traded funds, or ETFs, has soared over 10-fold. According to CNBC, there were 1,166 ETFs at the end of...
Johnson & Johnson CEO Sees Leveling In Elective Procedures, May Boost Sales (JNJ)
Johnson & Johnson (NYSE:JNJ) CEO William C. Weldon said in an interview that declines in medical spending could be nearing a bottom.The CEO...
Real money active on latest dollar slide
Dealers note strong buying of cable from the 1.6550 level all the way up through 1.6600 and the pound remains underpinned.The demand seemed to come under duress, traders say. This means the buyer really wanted them cheaper but was forced to pay up to cover his exposure, just like us mere...
EURJPY: ranges getting tighter
It seems that the EURJPY range has been shriking over the course of this week, with Yen crosses taking a back seat to straight USD positioning. Its been unable to crack above yesterday’s high of 138.05. Buyers are seen at 137.00-20 with stops below. Sellers 138.00-10 then 138.30. It needs to...