SearchCategory : Forex NewsUSD/JPY Mid-Day Outlook15th February 2008 USD/JPYs fall from 108.59 extends further today reaching as low as 107.25 so far. At this point, intraday outlook is neutral. As discussed before, USD/JPYs corrective rise from 104.96 could have completed at 108.59, slightly below mentioned 108.61/71 clu… more » Categories: Forex News G7 Ignores Currencies15th February 2008 In its annual meeting, the G7 virtually ignored the situation in forex
markets. In previous years, the G7 used the so-called "communique,"
which essentially functions as a summary of the meeting, to rebuke
China for not allowing the Yuan to appreciate a… more » Categories: Forex News GBP/USD Daily Outlook15th February 2008 Cables rally from 1.9386 extended further to as high as 1.9737 but was limited there and retreat continues today. Intraday outlook is turned neutral for the moment and further downside could be seen to 4 hours 55 EMA (now at 1.9621). But still, rise from… more » Categories: Forex News EUR/JPY Daily Outlook15th February 2008 EUR/JPY remains firm today and edges further higher to 158.72 so far. At this point, intraday bias remains on the upside as long as 157.32 minor support holds. As discussed before, whole rebound from 152.11 could still be in progress. Break of 159.46 wil… more » Categories: Forex News USD/CHF Daily Outlook15th February 2008 USD/CHF weakens further towards 1.0955 before turning sideway. But after all, its still bounded in established range of 1.0935 and 1.1102. As discussed before, with key near term resistance of 1.1120 cluster resistance (38.2% retracement of 1.1596 to 1.0… more » Categories: Forex News |
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