Sunday, September 4, 2011

DailyMarkets.com - Forex – GBP/JPY Down In Asian Trading Hours

DailyMarkets.com - Forex – GBP/JPY Down In Asian Trading Hours


Forex – GBP/JPY Down In Asian Trading Hours

Posted: 04 Sep 2011 04:55 PM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Sunday.

GBP/JPY was trading at 124.23, down 0.26% at time of writing.

The pair was likely to find support at 124.09, today's low, and resistance at 126.24, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.33% to hit 1.6163 and EUR/GBP falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The Asian Session

Posted: 04 Sep 2011 03:50 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.

NZD/USD was trading at 0.8434, down 0.55% at time of writing.

The pair was likely to find support at 0.8419, today's low, and resistance at 0.8572, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.14% to hit 1.2570 and EUR/NZD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down During The Asian Session

Posted: 04 Sep 2011 03:30 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Sunday.

GBP/USD was trading at 1.6139, down 0.48% at time of writing.

The pair was likely to find support at 1.6132, Thursday's low, and resistance at 1.6420, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8762 and GBP/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up In Asian Trade

Posted: 04 Sep 2011 03:00 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Sunday.

USD/JPY was trading at 76.86, up 0.07% at time of writing.

The pair was likely to find support at 76.43, Wednesday's low, and resistance at 77.24, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.31% to hit 1.4162 and GBP/USD falling 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 04 Sep 2011 02:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Sunday.

EUR/USD was trading at 1.4172, down 0.24% at time of writing.

The pair was likely to find support at 1.4167, today's low, and resistance at 1.4533, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8770 and EUR/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Preview Of RBA, BOC, BOE, And ECB Decisions This Week

Posted: 04 Sep 2011 12:22 PM PDT

Next week we get 4 central bank's decisions – from Australia, Canada, United Kingdom, and the euro zone – and each one will be watched closely and at least three are likely to shift the dynamics behind their respective currencies.
I expect the ECB and the Bank of Canada to be more dovish, the RBA to move into a neutral stance, the ECB to ditch its tightening campaign, and there is some speculation that we may see more quantitative easing from the bank of England.
Let's take a look at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Charting The Key Resistance Level In Daily Crude Oil

Posted: 04 Sep 2011 10:47 AM PDT

In general, crude oil prices are closely following stock prices, including the recent rally into confluence resistance.
Let's chart that key resistance level to watch on the daily chart in Crude Oil:

Let's start with the current structure and then take a moment to learn a few charting lessons from similar set-ups in the last few months.
Reference my prior update on the S&P 500 Resistance/Reference level for a lengthier explanation of this type of 'retracement into resistance' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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