forex,Forex news,Stock Market News

Eur/usd – 1.4414 … Euro nose-dived to an intra-day low of 1.4369 in Asia on cross selling in euro after y\’day\’s ratings downgrade of Greece by S&P increased concerns over banks in the eurozone. Fresh selling is likely to emerge at 1.4450 n further out at 1.4490/00 (fair-size) while on the downside…

Gbp/usd – 1.6253 … Cable declined to as low as 1.6232 in Asia on the back of the dlr\’s rally esp vs other European ccys b4 recovering on profit taking by st specs, however, order book is relatively thin with no major data out of the U.K. today. Bids are noted fm 1.6200 down to 1.6190 with stops pl…

Usd/jpy – 90.09 … Various accounts were seen buying usd/jpy this morning (price hit an intra-day high of 90.27) n stops at 90.00 were successfully triggered by st specs. More offers are reported at 90.50 n also 90.70/80 (for profit taking purposes). On the downside, buying interest remains at 89.5…

USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp move towards 1.1000 could be seen to follow. However, as long as 1.0748 level holds, we’d expected downtrend to resume and another fall below 1.0206 is still possible.

Simultaneous Release at www.thegeekknows.com
Follow me on twitter
Good day to all !
Hope you are enjoying this wonderful weekend where ever you are
Let us take a look on how the EUR/USD fared this week and the possible scenarios for the up coming week.

The chart spoke for it’s own, it was basically a bearish week.
It the [...]

GBP/JPY’s recovery extended further to as high as 146.89 last week. But after all, it’s still limited by 147.43 resistance and we’re holding on to the bearish view.

EUR/JPY dropped to as low as 127.50 last week but was supported above 126.88 and recovered strongly.

EUR/GBP falls sharply to as low as 0.8850 last week and the development indicates that correction from 0.9410 is still in progress.

EUR/CHF dropped sharply to as low as 1.4905 last week and the strong break of 1.5007 support dampens our bullish view.

USD/CAD’s choppy rise from 1.0405 extends to 1.0744 last week and the break of near term falling trend line argues that consolidations from 1.0851 has completed already.