15Aug

Week of August 15, 2008-European Session

The US Dollar continues to carve out broad gains as the USD strength is evident throughout all USD pairs. As to the weak currency, GBP remains broadly weak as the US Dollar, Euro, CHF and JPY have all made gains against the GBP today. The USDHF reached a high thus far in the session of […]
15Aug

Week of August 15, 2008-European Session

The US Dollar continues to carve out broad gains as the USD strength is evident throughout all USD pairs. As to the weak currency, GBP remains broadly weak as the US Dollar, Euro, CHF and JPY have all made gains against the GBP today. The USDHF reached a high thus far in the session of […]
14Aug

Week of August 14, 2008-European Session

Earlier in the week our weekly outlook favored a continuation of the move lower in EURUSD with 1.4969 sited as a key level, with a sustained break below this level risk will favor continued downside risk. Yesterday saw the pair test 1.4981 which is the 61.8% of this weeks range, so, intraday, we continue to […]
13Aug

Week of August 13, 2008-European Session

The EURUSD is currently in a corrective move up as prices just tested the 61.8% of the recent 1.5080-1.4816 active wave at 1.4981. We missed an earlier intraday buy confirmation at 1.4944 but were fortunate to see another confirmation and entered a small intraday long at the close of the 15 minute 7:00 GMT candle […]
13Aug

August 13, 2008-European Session Update

We have closed our GBPUSD trade ahead of key UK data in that information we received just moments ahead of the BOE inflation report suggested GBPUSD would move lower on the release and thus our buy confirmation would be at risk. We will stand aside for now.
13Aug

August 13, 2008-American Session Update-13:00 GMT

Our outlook remains unchanged for GBP as the current move on the GBP is definitely impulsive favoring further GBP weakness into the weeks ahead. GBPUSD next target is the 61.8% of the 1.7048-2.1160 rise at 1.8619, as this has been our objective since prices closed below 1.9589 (38.2%) back in June. As to EURUSD, the […]
13Aug

American Session-August 13, 2008-Update

No change in the intraday outlook for EURUSD, AUDUSD, USDCHF and USDCAD, as all remain in their current consolidation pattern with the little prospect for intraday trade opportunity. As to GBPUSD, our heads are in our laps;our system confirmed a sell at the 13:00 GMT close at 1.8748, and of our trade criteria was met […]
12Aug

Week of August 12, 2008

EURUSD continues to move lower with the 38.2% of the 1.1642-1.6037 rise at 1.4358 as the next objective. Currently the pair trades at 1.4896 which is the exact level EURUSD was trading at when on Feb. 26, 2008 Ben Bernake had testified before the Congressional Committee on US Economic Policy, as on that day Bernake’s […]
11Aug

Week of August 11, 2008-European Session

The early European session has witnessed some USD selling and broad Euro buying fueled by hawkish statements from ECB’s Liebscher. Intraday, EURUSD is in a corrective phase with potential for 1.5133 target, although price action is turning a bit choppy and we have decided to remain flat for now until better opportunities unfold. Overall the […]
11Aug

Week of August 11,2008-Update

We have just witnessed a push lower in the EURUSD and a broadly firmer US dollar as we are anticipating a potential sell confirmation on EURUSD at 14:00 GMT. If confirmed, the initial stop loss will be 1.5025 for 1.4671 initial target, with entry likely to occur within the 1.4965-1.4980 zone, assuming a close below […]

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