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  1. DAILY ANALYSIS FOR EURJPY

    by , 10-20-2008 at 11:18 PM (The Daily Forecaster)
    Bias: Slightly mixed with a basic bearish preference

    Although we saw a rally to 138.53 this generated a reversal back to test the critical 134.80 support. If this breaks then the downside is going to accelerate with losses then expected through 133.92, 133.34 and towards the 132.23 low.

    For full analysis please open today's full report in PDF format.
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    รูปขนาดเล็ก ไฟล์แนบข้อความ
  2. USDJPY is forming a sideways correction

    by , 10-20-2008 at 10:30 PM (Free Forex Market Analysis)
    USDJPY is forming a sideways correction in a range between 97.91 and 103.06. One more rise above 103.06 to reach next cycle top on daily chart is still in favor. Key support is located at 99.27, only fall below this level will indicate that the consolidation from 97.91 has completed, and then further fall to test 95.77 (Mar 17 low) support could be seen.



    Daily Forex Market Analysis
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  3. Light at the End of the Tunnel

    by , 10-20-2008 at 03:05 PM
    orex traders have been enjoying incredible volatility lately – provided that they’ve widened their stops and targets. Moves of several hundred pips in one hour are not uncommon, while similar moves used to occur over the course of a day. I’ve been trading the Japanese Yen against the British Pound (GBP/JPY) recently, taking advantage of the weakness in the U.K. economy (and by extension, the Pound) and the fact that the Japanese Yen Loves Misery. There have been plenty of opportunities to sell this pair, which has stabilized - at least temporarily – in the 170’s.

    Figure 1: GBP/JPY downtrend has stabilized for the moment. Source: Saxo Bank

    GBP/JPY Chart

    Using this downtrend as a guide, I’ve ...
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  4. Mr. Tree, Meet Mr. Forest

    by , 10-20-2008 at 01:09 PM (Greenfaucet.com - Global Market Commentaries)
    By Roger Nusbaum, greenfaucet - Global Stock Market and Investment Commentary

    From 30,000 feet I am a bull on oil and have been for quite a while. The big macro for me is the global ascendancy theme unfolding in fits and starts around the world. The stat for this concept is that the US uses about 25 barrels per capita while China uses about two and India a little less than one barrel. These numbers, and for other ascending countries, are going higher over the next few years.

    That is the long term, the short term has provided a crazy year or two. At the start of 2007 oil plummeted, in the first half of 2008 it skyrocketed and in the last few months it cratered. Short term predictions are not my strong suit but I ...
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