Hi everyone, for this outlook I analyze Cable, the USD Yen and Pound Yen. Very simple analysis as usual. I build almost all today’s respective trade plans around the prevailing trend and breakouts of continuation patterns. I make use of basic price action as well support and resistance. Good luck!! David Pegler
FOREX VIDEO - Pre London Outlook October 7th 2009
Source: blogs.fxstreet.com
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Early Tokyo showing its hand; JPY crosses lower
EUR/JPY has fallen swiftly from 134.80 to 134.35 as early Tokyo enters the market and obviously decides it does not want to buy anymore. Dealers report a lot of offers appearing in USD/JPY, some in very decent size and this is obviously weighing on the crosses. Bids were reported earlier at 97.50...
Order Books
A quick chat with some of the local dealers shows that there are not too many orders close to the market this morning; Heavy buying interest in USD/JPY at 97.25/50 EUR/USD buy orders at 1.3800/10 and sell orders 1.4040/65 A lot of weaker trailing stops were taken out below .7875 in the AUD/USD in...
JPY, USD firmer in Asian trade
The JPY and USD have firmed in overnight Asian trade, with risk aversion slightly heightened, and with Asian stocks posting losses. EUR/USD is down at 1.3865 from a North American close Monday around 1.3900, while EUR/JPY is down at 136.10 from around 136.95. Asian market seems to have picked up...
Major Economic Reports For December 26, 2010 to January 1, 2011
Hello trader friends! Hope everyone is enjoying the holiday season. Anyway, here are the global economic releases for the last week of 2010. May...
Qualcomm Boosts Dividend 16% (QCOM)
3-6-12-Qualcomm (NASDAQ:QCOM) said it boosted its quarterly dividend 16% to $0.25 per share and approved a $4 billion stock repurchase program...