| Global Interest Rates | |||
Australia |
4.25% | ||
Canada |
2.25% | ||
EMU |
3.25% | ||
Japan |
0.3% | ||
Swiss |
1% | ||
England |
3% | ||
US |
1% | ||
The National Bank has responded to increased fears over the Swiss economy (Nov 07, 2008 6:43AM)
Trading continues to be sideways where the 100 hour moving average is limiting the pair from inclining above the 754.00 level. A four hour closing below the 754.00 level and trading below the 777.50 - 785.30 levels will add more pressure to the downside where it will be confirmed by the breach of th... (Nov 07, 2008 4:21AM)
Unless gold trades above the 777.50 level, the upside movements will be limited. The mentioned level is slowly being shifted towards the 784 level as it is also the pivot point on the weekly charts. The 100 day moving average on the four hour chart was able to reverse the metal to the downside yet t... (Nov 06, 2008 3:51AM)
We still await the breach of the 38.2% corection at 10.54 or the ascending channel with the key support at 10.19 where from there we see that trading within the two levels will not specify a direction unless the upport or resistance are breached. We expect volatility during trading for today. The tr... (Nov 06, 2008 3:51AM)
There will be pressure for an aggressive Bank of England interest rate cut (Nov 05, 2008 6:47AM)
1 votes
The upside wave that was created was inline with our expectations where it failed to breach the 777.50 which is the pivot point separating the two trends. We see more complications now as the metal is currently trading near a key resistance and is overbought on the Stochastic indicator. From there, ... (Nov 05, 2008 2:51AM)
The metal reached the 38.2% correction at 10.54 once again where this level was able to reverse the trend to the downside. At the same we see the an ascending channel with a key support at 9.94 where trading between these two levels will not specify a direction unless we see a clear breakout of eith... (Nov 05, 2008 2:51AM)
Resistance 3: 1.6320/30 Resistance 2: 1.6250 Resistance 1: 1.6100/10 Latest New York: 1.5961 Support 1: 1.5600 Support 2: 1.5550 Support 3: 1.5500 (Nov 05, 2008 2:51AM)
The USD fell hard today as the equities and commodities rallied across the board. Most major pairs were driven by Yen liquidation most desks report making this rally in the majors likely only temporary. GBP rallied for a high print at 1.6108 before liquidation pressure stopped the advance; technical... (Nov 05, 2008 2:47AM)
A massive Democrat victory would tend to be a slight negative dollar factor (Nov 04, 2008 6:50AM)
A clear sideways pattern was evident throughout yesterday's trading around the 23.6% correction at 9.76. The metal today rebounded from a support level in an weak upside wave yet we still see the short term trend to the downside.The trading range for today is among the key support at 9.12 and the ke... (Nov 04, 2008 3:21AM)
Most of the trading yesterday took place between the upper and lower bolinger bands, extending into today's session, creating a new minor support at 720.50 which might support the metal slightly to the upside yet we still see that the direction remains to the downside on the short term whereas the m... (Nov 04, 2008 3:21AM)
Daily currency analysis - Dec 3
The Euro hitselling pressure above the 1.29 level against the dollar on Friday and th...
Darrell Jobman
Chart of the Day - 12/03/2008 - GBP/USD
Price action within the last three months on the key GBP/USD pair (a 4-hour chart of ...
James Chen
Another Day Another Dollar Rise!
The markets have spoken: risk aversion is still the name of the game and that was obv...
Lena Manousarides
DAILY FORECAST FOR USDJPY 3rd December 2008
Price remains locked within break levels but should clarify direction over the coming...
Ian Copsey