A tour guide was showing a tourist around Washington, D. C. The guide pointed out the place where George Washington supposedly threw a dollar across the Potomac River.
“That’s impossible,” said the tourist. “No one could throw a coin that far!”
“You have to remember,” answered the guide. “A dollar went a lot farther in those days.”
EUR
EUR losses continue following Trichet’s weak economic outlook
The EUR saw a very bearish trading session yesterday, losing ground against all of its currency crosses. The Euro fell to a seven week low against the USD and closed under 1.5320, a remarkable number when considering that less than a month ago the oft-traded currency pair set […]
MANAMA: The last 15 years have seen a massive increase in forex trading with the Internet playing a major role is supporting the industry.
1. Crude Fair Price: OIL - $106.12
The News:
Given the rebound in the U.S. dollar over the past day, the fair price of crude is below the present market price.
The Breakdown
Earlier in the week, OPEC President Chakib Khelil mentioned to reporters that the cartel would not raise production. What’s more, Khelil also commented that strength in […]
Fundamental Forex Outlook by GCI Foreign Exchange Research (EUR / JPY / GBP)
FOREX DAILY MARKET COMMENTARY
24 April 2008 Thursday
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing […]
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.9725; (P) 1.9850; (R1) 1.9927;
Cable falls further today and the touching of 1.9689 support turns outlook mixed. At this point, further decline could still be seen as long as 1.9817 minor resistance holds. Firm break of 1.9689 support will dampen the view that choppy fall from 2.0391 has completed as […]
EUR/USD Daily Outlook Apr 24 14:34 GMT
Daily Pivots: (S1) 1.5832; (P) 1.5918; (R1) 1.5974;
EUR/USD’s decline from 1.6019 extends further to as low as 1.5675 today. Break of 1.5710 confirms that diagonal triangle that started at 1.5342 should have already completed at 1.6019, after failing to sustain above 1.6 psychological resistance. At this point, intraday bias […]
Euro zone finances news
BRUSSELS: Most European governments made big strides last year in cleaning up their finances with the smallest shortfall between revenue and spending on record, according to official EU data yesterday.
The combined public deficit of the 15 nations sharing the euro fell to 0.6 per cent of gross domestic product (GDP) last year, […]
USD/JPY - Dollar Yen
Short term (Intraday)
103,12. USD/JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio […]
USD/JPY Mid-Day Outlook
USD/JPY: Daily Pivots: (S1) 102.82; (P) 103.30; (R1) 103.84;
As discussed earlier today, USD/JPY should have made an intraday low at 102.67 with 4 hours MACD crossed above signal line. Intraday bias is now on the upside for 104.64 resistance first. Break will indicate rebound from 95.77 has resumed for 104.96/108.59 resistance zone. On the downside, […]