Trade Idea: GBP/USD – Sell during 1.6650

Cable’s selloff after yesterday’s climb to 1.6747 has reinforced a early consolidative perspective as well as nonetheless argent has recovered after intra-day tumble to 1.6500, upside should be singular to a Tenkan-Sen (now during 1.6623) as well as a Ichimoku clouded cover area (now during 1.6648-82) should sojourn intact, move an additional decrease later. Below indicated… Read More...

Trade Idea: USD/CHF – Sell during 1.0135

As a federal reserve note has one after another to corner aloft after intra-day selloff to uninformed 2009 low of 0.9910 partly due to active cross-selling in Swiss franc, suggesting serve converging would be seen as well as nonetheless miscarry to a Kijun-Sen (now during 1.0070) cannot be ruled out, renewed offered seductiveness should arise below… Read More...

Trade Idea: EUR/USD – Buy during 1.4975

As a singular banking has retreated after rallying to a uninformed 2009 tall of 1.5145 yesterday, suggesting serve converging would take place as well as next intra-day teenager await during 1.5047 would move improvement to 1.4995/00, however, a Kijun-Sen (now during 1.4973) should capture renewed shopping seductiveness as well as move an additional upmove. Above… Read More...

Trade Idea: USD/JPY – Sell during 88.10

Dollar’s intra-day selloff to 86.29 (exactly a 61.8% projection of 97.79-88.01 measuring from 92.33) signals middle tenure downtrend stays in swell as well as serve debility to 85.77 (2 times projection of 90.62 to 88.73 measuring from 89.55) is seen after converging though reckon 85.00 would sojourn total today, move a correction… Read More...

Mid-Day Report: Yen Firm, High-Yielders Pressured by Dubai Debt Delay

Yen stays organisation after progressing convene which sent it to latest fourteen year tall opposite dollar. Other vital currencies have been dragged down opposite dollar by pointy selloff in particular yen crosses. News which Dubai World, a supervision investment association carrying debts totaling around $60b, has asked creditors for postponing its… Read More...