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GBPUSD Today’s Analysis

Friday, July 24th, 2009

Today’s GBPUSD play would highly depend on the preliminary quarterly GDP reports today. If this news come in trumps we might see a market reaction pushing for yesterday’s high and possibly 1.6600 mark. But any negative report should set the tone for a possible 1.6330 again.

Cable Analysis

Friday, February 13th, 2009

Cable sets itself up for an early morning rise. After a dip from New York trading session yesterday, the GBPUSD found its bearing from Asian trading hours which saw the pair traded up again to setup this morning opportunities.

Dollar Gains on Asian Trade

Thursday, January 29th, 2009

The dollar gained on the rest of the major currencies in the Asian overnight trades. The market took flight as US equities rallied – an indication of a slight recovery in risk appetite.

Pound Slides Lower

Friday, January 23rd, 2009

London: The pound continues to slide lower as traders fear of banking nationalisation looms. The fear of Royal Bank of Scotland and many more UK banks falling into the hands of the government has weighed heavily on the currency like a “bad smell”.

EUR Sideway Trade

Friday, October 24th, 2008

After a night of see-saw trades in the Asian/Pacific hours, EURUSD is beginning to develop into another sideways movement. Yesterday night saw a trough developing on the hourly and 4-hourly charts as the European session winds down. Could this be the set tone for this trading day?

Euro Makes Further Low

Thursday, October 16th, 2008

LONDON: The euro fell to a 20-month low against the dollar on Friday as traders examine unilateral government packages for their banking problems in Europe. In recent weeks, we have seen a tidal wave of euro selling but at what point will the euro-zone economists review their policies?

October in The Eyes

Friday, October 10th, 2008

October in the eyes of a trader, a month of volatility and trading rewards. October, a month leaders of the free world powers would like to forget. And a couple of weeks etched on the marbled of their hearts with fear of not knowing what would happen next. This is the challenge facing western leaders today. The significant shift in the financial markets on the world’s financial lending habbits is an indictment of what we have come to accept – greed.

Euro Yen – EURJPY Trades Range

Thursday, October 9th, 2008

Banking crisis – the scourge of the financial market in recent weeks of trading also opened an avalanche of soaring rises for the Japanese yen’s JPY value across board. As nations continues to inject cash into their banking system is this the end of the road for the soaring rise?

Euro Makes Low And More..

Thursday, October 2nd, 2008

LONDON: Euro dollar, EUR USD makes new 12-month low of 1.3746 in today’s trading after an early morning of choppy trades. The day started with Frankfurt riding the pair to 1.3965 in the first hour before it quickly descended to 1.3854 even before the main European currency markets opened in London.

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