Friday, 6 November 2009

Unemployment Rate to be released today:

The forecast is 9.9%. The current price of EUR/USD 1.4893 and it looks like the currency pair may reach levels of about 1.4950-1.4980 in a few days.

Thursday, 5 November 2009

Strong buy GBP/USD:

Current price GBP/USD 1.6598. The currency pair is in uptrend position. Expecting to reach the price of about 1.6630-1.6650 later on today.

Wednesday, 4 November 2009

Positive news for GBP:

The Services PMI data showed the highest activity since August 2007. Possible uptrend on a 4 hour chart could push the GBP later on today.

1.4900 possible for EUR/USD:

The current price is 1.4758 and it looks that on a 4 hour chart the uptrend may continue to a possible target of 1.4900 later on today. There's ADP Non-Farm Employment Change and the ISM Non-Manufacturing PMI data to be released today which could be negative towards to American currency and my push up the EUR.

Services PMI for GBP:

The service PMI data will be published on Wednesday at at 9:30 GMT. It is expected to have a positive affect over the British currency. The forecast is 55.4 and last time it the actual data was showed better results than expected.

Tuesday, 3 November 2009

Strong sell EUR/USD:

Current price 1.4716 and on a 4 hour chart it looks like another drop to about 1.4650 is possible later on today.

Position closed at 1.4655 (profit 61 pips)

ISM Manufacturing PMI positive for USD:

Manufacturing in the US rose very fast in October the data shown today. The result was above the expected and the american currency has pushed the EUR a bit downwards. Current price EUR/USD 1.4767 and I suppose the currency pair could go down to levels of about 1.4600 in a day or two.

Sunday, 1 November 2009

Halifax HPI m/m may affect the GBP:

The last release of the Halifax HPI m/m data was on Oct 06 and it was better than the forecast which had a positive affect over the British currency. The forecast for tomorrow 02 November is 0.8%. The data is a leading indicator of the housing industry's health.