Sunday, October 16, 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: 16 Oct 2011 04:55 PM PDT

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

GBP/JPY was trading at 122.11, down 0.02% at time of writing.

The pair was likely to find support at 119.24, Wednesday's low, and resistance at 122.62, Friday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.02% to hit 1.5816 and EUR/GBP falling 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Down During The Asian Session

Posted: 16 Oct 2011 03:50 PM PDT

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

NZD/USD was trading at 0.8040, down 0.17% at time of writing.

The pair was likely to find support at 0.7742, Wednesday's low, and resistance at 0.8058, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.08% to hit 1.2849 and EUR/NZD rising 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up During The Asian Session

Posted: 16 Oct 2011 03:30 PM PDT

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

GBP/USD was trading at 1.5826, up 0.05% at time of writing.

The pair was likely to find support at 1.5543, Wednesday's low, and resistance at 1.5853, Friday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8774 and GBP/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down In Asian Trade

Posted: 16 Oct 2011 03:00 PM PDT

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

USD/JPY was trading at 77.14, down 0.09% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.02% to hit 1.3880 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 16 Oct 2011 02:25 PM PDT

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

EUR/USD was trading at 1.3870, down 0.08% at time of writing.

The pair was likely to find support at 1.3566, Tuesday's low, and resistance at 1.3894, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8770 and EUR/JPY falling 0.23% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly ASX Update: Goodman Group Forus (GMG.AX)

Posted: 16 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
Goodman Group Forus (GMG.AX) penetrated the resistance line of a falling wedge chart pattern on the 1440-minute chart. This move puts the market in a position to rally into the Autochartist forecast zone at .63 to .67 over the near-term. With a previous top from September 19 at .64, this target zone represents a reasonable upside target based on this equity CFD's normal volatility.

The overall quality of this chart pattern is a below average 3-bars. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly SGX Update: SembMar (S51.SI)

Posted: 16 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
SembMar (S51.SI) formed a 3-Point Extension Fibonacci pattern indicating a possible short-term top in the market. Based on the rally from Point B to Point C, Autochartist is forecasting a possible break into a series of Fibonacci price ratios.
When compared to a 3-Point Retracement Fibonacci pattern, the 3-Point Extension differs because Point C is higher than Point A. With this chart pattern, the main trend is up since Point C took out Point A. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily FTSE Technical Update

Posted: 16 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The FTSE continued its strong surge last week, taking out the September high at 5449.70. Based on the annual range of 6105.80 to 4791.00, the 50% level of this range at 5448.40 was also an important price level to overcome. Now that both of these levels have been exceeded, they are likely to become support. This makes 5449.70 to 5448.40 a key zone that must hold to sustain the rally. A close under this zone will likely lead to the start of a substantial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly Index Update: Australia 200 (AUS200)

Posted: 16 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The Australia 200 (AUS200) index CFD formed a 3-Point Extension Fibonacci pattern on the 30-minute chart indicating the possibility of a correction into a series of retracement levels. Although many times this pattern leads to a 50 to 61.8 percent retracement of the rally from Point B to Point C, the strength of the current rally helped stop the short-term decline at the 38.2 percent level. This indicates the possibility of a breakout through Point … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Indices Update: STOXX50

Posted: 16 Oct 2011 06:03 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The sideways movement on the 30-minute STOXX50 chart has allowed this index CFD to form the support line of a triangle chart pattern. The slight turn to the upside of this emerging pattern indicates the presence of buyers. At the close on Friday, trading was flat with a slight bias to the upside; this could be indicating impending volatility that will be needed to drive this market higher and possibly through the resistance line.

The overall quality of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Commodities Update: Coffee

Posted: 16 Oct 2011 04:01 AM PDT

By ForexMansion.com
By Jonah S. Ford
Last week's upside reversal in the coffee futures market appears to be a successful one, as short-covering and strong buying has already carried the price about half the distance to the minimum forecast price target. A continuation of the rally may continue on the momentum of last week's gains.

The rally began with a pivotal breakout from the Triangle chart pattern which began developing early in September from the highs above $2.80 per pound, with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Weekly Commodities Update: Gold

Posted: 16 Oct 2011 03:32 AM PDT

By ForexMansion.com

By Jonah S. Ford
The suspense in the precious metals markets continued to build last week, with gold futures setting the tone by completing a leg higher inside of a broad sideways trading pattern and then pulling back at key resistance. This price behavior has been the ongoing theme since the pullback from record highs as traders tread water awaiting clues for a directional trend to resume.

A continuation of the rally in world stock markets underpinned the gold rally as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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