The Australian equity market is pointed to a slightly weak open to the trading day as overnight stocks ended lower amid ongoing concerns over the euro zone debt crisis.
Date: 2/22/2012
MACD Crossover at 14:00 EST
Confirmation at 15:00 EST
Signal: Buy
Action: Market Order opened
Stop Loss: 50 Pips (5 $)
Take Profit: 50 Pips (5 $)
GBP/USD continues to decline after the recent Breakout through the horizontal support level 1.5762 identified previously by Autochartist on the 30-minute charts (as is shown on the Key Levels chart below). The Significance of this support level is rated at the 3 bar level. The Breakout of this support level continues the previous strong downward price impulse from the major level of resistance 1.
The Bank of England minutes from the February meeting were released on Wednesday and surprised the market because two members of the Committee (noted dove Adam Posen and David Miles) had voted to extend asset purchases by GBP75bn, more than the GBP50bn that the consensus wanted.
v EUR pares gains as concerns persist that Greece still will not meet the laundry list of requirements that must be met before the EU/ECB/IMF releases the nation's second bailout; v USD relatively flat as "safe-haven" demand is largely offset by a weaker existing home sales report; ...
After hitting a 6-day high of 1.0021 by about 10:00 am ET, the US dollar reversed its direction against the Canadian dollar during New York afternoon deals on Wednesday. Presently, the greenback is trading near 0.9997 versus the loonie.
The material has been provided by Instaforex Company - instaforex.comUs Crude Futures Settle Higher for 5 Continuous Day on Iran Worries
Trading 22 fév 2012 Commentaire »News
- US crude ended by gaining 0.03 pct on Wednesday, marking gains for 5 successive days on worries over Iran
- Crude settled at $106.28/bbl by gaining 3 cents, marking the highest close for front-month crude since May 4, 2011
BRENT CRUDE FUTURES SETTLE AT $122.90/BBL, UP1.02 PCT The material has been provided by Instaforex Company - instaforex.com
The Japanese yen recovered from morning session's downtrend against most major currencies during New York afternoon deals on Wednesday. As of now, the yen is trading near 80.26 against the US dollar, 88.15 versus the Swiss franc and 106.30 against the euro from previous session's multi-month lows of 80.42, 88.37 and 106.59, respectively.
The material has been provided by Instaforex Company - instaforex.com
U.S. CRUDE OIL FUTURES SETTLE AT $106.28/BBL, UP 0.03 PCT The material has been provided by Instaforex Company - instaforex.com