Daily Forecast: GBP/USD ; EUR/USD
GBP/USD: Intraday bias in GBP/USD remains on the downside for the moment. As noted before, corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. Deeper decline should be seen to retest
Daily Forecast: AUD/USD ; USD/CAD ; USD/JPY ; USD/CHF
AUD/USD: With 4 hours MACD crossed above signal line, intraday bias in AUD/USD is turned neutral first for some consolidations. But risk will, in any case, stays on the downside as long as 1.0015 support turned resistance holds and another declin
Daily Statement: JPY Recovered on Amari's Comments, Aussie P
Yen rebounds in Asian session today after Japanese Economy Minister Akira Amari signaled his concern on recent depreciation of the currency. Amari noted that "excessive yen gains have be corrected a lot". And he warned that if yen extends losses
Nifty ended red flag, Stock future intraday trading call ga
The 50-share index closed at 6,161.75, down 25.55 points or 0.41 per cent. It touched a high of 6,229.45 and a low of 6,146.05 in trade today.The S&P BSE Sensex ended at 20,235.97, down 50.15 points or 0.25 per cent. It touched a high of 20,
Financial Spread Betting – What is it?
Financial spread betting offers both beginners and seasoned traders a way to speculate on the asset of their choice in a fun, quick and enjoyable manner. It has replaced the traditional forms of investing and has provided a low cost method to tra
USD/JPY Spikes Lower on Heels of Amari Comments
The Japanese Yen traded sharply lower after Japan’s Economy Minister Akira Amari made comments on NHK yesterday suggesting that Yen strength has been already corrected substantially:
Intraday Forecast: GBP/USD ; EUR/USD
GBP/USD stays above 1.5173 temporary low and intraday bias remains neutral. Some more consolidations could be seen. But in case of another rise, upside should be limited below 1.5446 minor resistance and bring fall resumption. Corrective rebound
Intraday Forecast: USD/CAD ; USD/JPY ; USD/CHF
USD/CAD rises to as high as 1.0306 in early US session and the break of 1.0293 resistance confirmed that correction from 1.0341 has finished with three waves down to 1.0013. More importantly, larger rally from 0.9633 is likely resuming. Intraday
Today 17/5/13 Friday evening calls and news, crude oil updat
The future crude oil fell today, it slipped around $95 dollar per barrel. In country’s multi commodity exchange was trading up by 0.10 percent at Rs. 5114.
Labor Unrest in South Africa Hurts Rand
The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.
Daily Forecast: GBP/USD ; GBP/JPY
GBP/USD:Intraday bias in GBP/USD remains neutral for some more consolidations above 1.5173 temporary low. In case of stronger recovery, upside should be limited below 1.5446 minor resistance and bring another fall. Corrective rebound from 1.4830
Daily Forecast: AUD/USD ; USD/CAD ; USD/JPY ; USD/CHF
AUD/USD drips further to as low as 0.9753 so far. Intraday bias remains on the downside and current decline would now extend towards 0.9588 key support next. Though, we'd be cautious on bottoming above that level...


