GBPUSD Caught between 150&200 MA

Posted Sun, 2012-02-05 16:02 by Mantis

EURUSD Bearish if not breaks 1.3196

Posted Sun, 2012-02-05 15:43 by Mantis

Dollar Index Technical Update 5/2/2012

Posted Sun, 2012-02-05 14:20 by Mantis

Dollar Index Analysis – Technical Update - The USDX has traded within a 78.61 – 79.56 range this week.  This comes in at 95 pips which is 57% of the average weekly range (AWR) over 26 weeks. - This week did provide the first higher close over the last 3 weeks.  This was far from convincing though and we see this as consolidation rather than a reversal signal.

Romney Wins Nevada Republican Caucus

Posted Sun, 2012-02-05 04:31 by Mantis

Former Massachusetts Governor Mitt Romney Saturday claimed his second straight victory of the GOP presidential nominating contest, winning the Nevada caucuses in commanding fashion Saturday. Romney was expected to claim the victory in Nevada in the days leading up to the contest as he heavily outspent his opponents in both ads and organization. Those investments evidently paid off, with Romney claiming well above 40 percent of the vote according to early returns.

Romney Wins Nevada Republican Caucus

Posted Sun, 2012-02-05 04:31 by Mantis

Former Massachusetts Governor Mitt Romney Saturday claimed his second straight victory of the GOP presidential nominating contest, winning the Nevada caucuses in commanding fashion Saturday. Romney was expected to claim the victory in Nevada in the days leading up to the contest as he heavily outspent his opponents in both ads and organization. Those investments evidently paid off, with Romney claiming well above 40 percent of the vote according to early returns.

What I See in FX Market

Posted Sat, 2012-02-04 18:39 by Mantis

$EURUSD WHAT Forex Target Traders SEE: We are currently sitting @ 1.3146 after pulling back from the R6 resistance @ 1.3231. We are building a symmetrical wedge – this is bullish for the cross for now. There is still room to the upside but 1.3500 should cap any more upside. Looking to break the top and target the -0.270 Fib extension @ 1.3396. A failure to break the R6 is Bearish for the cross and we will look to the .618Fibo @ 1.2859.

USDCHF had formed a cycle top at 0.9594

Posted Sat, 2012-02-04 05:36 by Mantis

USDCHF had formed a cycle top at 0.9594 on daily chart, and is now in downtrend. Further fall would likely be seen next week, and the target would be at the lower border of the price channel. Resistance is at 0.9350, only break above this level could signal completion of the downward movement from 0.9594. For long term analysis, USDCHF remains in uptrend from 0.7067.

Upbeat Jobs Data Leads To Rally On Wall Street - U.S. Commentary

Posted Fri, 2012-02-03 22:27 by Mantis

After turning in a lackluster performance in the previous session, stocks showed a substantial upward move during trading on Friday, as traders reacted positively to a much better than expected report on the employment situation in the month of January.

Upbeat Jobs Data Leads To Rally On Wall Street - U.S. Commentary

Posted Fri, 2012-02-03 22:27 by Mantis

After turning in a lackluster performance in the previous session, stocks showed a substantial upward move during trading on Friday, as traders reacted positively to a much better than expected report on the employment situation in the month of January.

Obama Warns Congress Against Actions That Could Hamper Economic Recovery

Posted Fri, 2012-02-03 20:39 by Mantis

President Barack Obama seemed pleased with the better than expected employment numbers released Friday but warned Congress about actions that could slow down the recovery.

Speaking at a fire station in Arlington, Virginia, Obama said, "This morning, we received more good news about our economy. In January, American businesses added another 257,000 jobs. The unemployment rate came down because more people found work."