Hi everyone, for today’s presentation I build on yesterday’s Pound related analysis. I take a look at the Pound USD and Pound Yen. I have put together a few conservative trade plans. I am looking for some pullbacks to dynamic support on a daily and 4 hr level. Have a safe weekend, and I hope you enjoy the video. David Pegler
FOREX VIDEO - European Outlook October 16th 2009
Source: blogs.fxstreet.com
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- Daily market commentary
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USD/JPY Daily Outlook
Daily Pivots: (S1) 88.97; (P) 90.16; (R1) 90.83; USD/JPY’s dived to as low as 88.23 before turning sideway. At this point, intraday bias remains on the downside and fall from 97.77 is still expected to continue. Next target will be 87.12 key support level. On the upside, above 89.90 minor...
Eurogroup: Stimulus should be withdrawn as growth picks up
Central bankers and finance ministers in the eurozone agree that stimulus, whether monetary in the case of the ECB, or fiscal, in the case of the eurogroup, should be withdrawn as the economy recovers. The eurogroup says that it wants to see if the Latvian fiscal action is credible before releasing...
How Far Can the Dollar Fall?
I was quite amazed when I looked back to see how long it’s been since I’ve put together a Dollar Index (NYBOT_DX) video. I had to look back to September of 2008 to find the last series of videos I had done specifically for the Dollar Index, and it proved to be successful. In today’s video we...
GBP Finishing Weak Against the Greenback
Source: ForexYard Up against a safe haven U.S. dollar, the GBP is finishing a European session at a low point. The USD was unable to maintain...
Forecasting optimization: an overlooked parameter fix improves quality while "efficient market" Monte Carlo supports the results.
Following up on the topic of our forex prediction quality measurements, I've decided to conduct the same analysis on the simulated data, unpredictable by construction. As before, I am tracing the dependence of the Pearson correlation coefficients between predicted and actual logarithmic returns in...