Moneygrows Inc

Jan 28

Trade Idea Wrap-up: GBP/USD – Sell at 1.5785

Posted by moneygrows in Forex on 01 28th, 2012 | No Comments

GBP/USD – 1.5698 Most recent candlesticks pattern : HammerTrend : Near term up Tenkan-Sen level :1.5703Kijun-Sen level :1.5698Ichimoku cloud top :1.5660Ichimoku cloud bottom :1.5626 Original strategy : Sell at 1.5785, Target: 1.5670, Stop: 1.5820 Position: – Target: – Stop:- New strategy : Sell at...

Jan 28

Trade Idea Wrap-up: USD/CHF – Sell at 0.9310

Posted by moneygrows in Forex on 01 28th, 2012 | No Comments

USD/CHF – 0.9197 Most recent candlesticks pattern : N/ATrend : Near term down Tenkan-Sen level :0.9202Kijun-Sen level :0.9193Ichimoku cloud top :0.9252Ichimoku cloud bottom :0.9222 Original strategy : Sell at 0.9310, Target: 0.9170, Stop: 0.9345 Position: – Target: – Stop:- New strategy : Sell at...

Jan 28

Mid-Day Report: Yen Rally Continues as Risk Pulls Back Following US GDP Disappointment

Posted by moneygrows in Forex on 01 28th, 2012 | No Comments

Yen continues to strength in early US session in otherwise ranging market as risk rally pulls back following GDP disappointment. Q4 GDP in US showed 2.8% annualized growth, strongest pace in 1.5 years but missed expectation of 3.0%. DOW opened lower today and remains pressured at the time of writing. USD/JPY dips further to as low as 76.76 so far while GBP/JPY is also heading back to 120 level. As noted in prior reports, DOW is facing strong resistance from 2011 high at 12876 and is vulnerable for a pull back after the rally since December. When that happens,...

Jan 28

Weekly Focus: Dovish Fed Keeps All Options Open

Posted by moneygrows in Forex on 01 28th, 2012 | No Comments

About the Author Danske Bank Disclaimer This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions...

Jan 28

Signs of Cyclical Turn?

Posted by moneygrows in Forex on 01 28th, 2012 | No Comments

Key indicators suggest modest improvement in activity, supporting risk sentiment. The coming week’s PMI’s should add to the view that global output is firming. Euro area remains key risk to a more positive outlook, with the upcoming Summit in focus. Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive territory, a further testimony to the wider improvement in risk sentiment this year. Unless the last days of...

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