NEW YORK, Aug 31 (Reuters) – U.S. stocks pared most oftheir gains on Wednesday, and the technology-heavy Nasdaq fell,as hopes for new stimulus measures from the Federal Reserve inthe weeks ahead vied with …
Bank investors happy to see August come to end
August - 31 - 2011
U.S. bank stocks were bloodied in a rough and tumble August. They fared worse than the overall market in a month marked by pronounced swings in sentiment.
Trade Idea Wrap-up: GBP/USD – Hold long entered at 1.6270
August - 31 - 2011
Despite intra-day brief breach of 1.6330, once again the British pound ran into heavy offers right at the Ichimoku cloud bottom and has retreated quite sharply, dampening our bullishness and indicated support at 1.6255 needs to hold to retain prospect of another rebound later. A sustained breach of intra-day resistance
Trade Idea Wrap-up: GBP/USD – Hold long entered at 1.6270
August - 31 - 2011
Despite intra-day brief breach of 1.6330, once again the British pound ran into heavy offers right at the Ichimoku cloud bottom and has retreated quite sharply, dampening our bullishness and indicated support at 1.6255 needs to hold to retain prospect of another rebound later. A sustained breach of intra-day resistance
Trade Idea Wrap-up: GBP/USD – Hold long entered at 1.6270
August - 31 - 2011
Despite intra-day brief breach of 1.6330, once again the British pound ran into heavy offers right at the Ichimoku cloud bottom and has retreated quite sharply, dampening our bullishness and indicated support at 1.6255 needs to hold to retain prospect of another rebound later. A sustained breach of intra-day resistance
Trade Idea Wrap-up: USD/CHF – Stand aside
August - 31 - 2011
Dollar’s intra-day stronger than expected retreat signals recent rise has formed a top at 0.8240 and consolidation with downside bias is seen for retracement to 0.7989 (previous resistance), break there would bring further fall to 0.7972 (61.8% Fibonacci retracement of 0.7807 to 0.8240), then 0.7950, however, near term oversold condition
Trade Idea Wrap-up: USD/CHF – Stand aside
August - 31 - 2011
Dollar’s intra-day stronger than expected retreat signals recent rise has formed a top at 0.8240 and consolidation with downside bias is seen for retracement to 0.7989 (previous resistance), break there would bring further fall to 0.7972 (61.8% Fibonacci retracement of 0.7807 to 0.8240), then 0.7950, however, near term oversold condition
Trade Idea Wrap-up: USD/CHF – Stand aside
August - 31 - 2011
Dollar’s intra-day stronger than expected retreat signals recent rise has formed a top at 0.8240 and consolidation with downside bias is seen for retracement to 0.7989 (previous resistance), break there would bring further fall to 0.7972 (61.8% Fibonacci retracement of 0.7807 to 0.8240), then 0.7950, however, near term oversold condition