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BP....gap resistance at 590 & 594 ...........Keep following the KING.

Added by Aadil (site owner) on November 16, 2009 at 9:38am — No Comments

FTSE 100 .......Looking very bullish on the daily chart

Added by Aadil (site owner) on November 16, 2009 at 7:47am — No Comments

Gold Hits Record $1,130 as Dollar Drifts Lower

Spot gold hit a record high above $1,126 an ounce on Monday when massive buying in U.S. gold futures boosted bullion's appeal, but the precious metal later fell from its peak as follow-through buying failed to materialise.



Investors maintained their appetite for gold as a hedge against currencies as the U.S. dollar drifted lower in Asia, extending falls from late last week.



Underlining views that a global economic imbalance is being reflected in the weakening dollar, the… Continue

Added by Aadil (site owner) on November 16, 2009 at 6:19am — No Comments

Japan GDP up 1.2% in July-Sept vs. +0.6% expected

TOKYO (MarketWatch) -- Japanese gross domestic product for the July-September quarter rose much more than economists had expected, government data released Monday showed. GDP rose 4.8% in real terms on an annualized basis, compared to a consensus forecast of 2.2% by economists surveyed by Dow Jones Newswires. GDP rose 1.2% from the April-June quarter, compared with an expectation for 0.6% growth, boosted by the government's stimulus steps. The data showed that corporate capital investment rose… Continue

Added by Aadil (site owner) on November 16, 2009 at 6:16am — No Comments

WORLD FOREX: Euro Gains As Rising Gold Fuels Risk Appetite

TOKYO (MarketWatch) -- The euro gained more ground against the dollar in Asia Monday as signs of strong demand for commodities including gold added to hopes that the world's economy is recovering, prompting traders to buy high-risk currencies.



Meanwhile the release in the session of unexpectedly strong Japanese gross domestic product data for the third quarter had no clear impact on the currency markets, which were focused more on stock and commodities prices as well as coming U.S.… Continue

Added by Aadil (site owner) on November 16, 2009 at 6:12am — No Comments

Dollar pressured after China official warns of risks

TOKYO (MarketWatch) -- The dollar slipped Monday, a day after China's chief banking regulator criticized loose U.S. monetary policy as leading to increased speculation.



"The continuous depreciation in the dollar, and the U.S. government's indication that, in order to resume growth and maintain public confidence, it basically won't raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation," Liu Mingkang, chairman of the China Banking… Continue

Added by Aadil (site owner) on November 16, 2009 at 6:00am — No Comments

Oil.........Keep an eye on this gap, $82.75 - $73.5

Weekly chart- Wedge formation, the range is getting narrower.

Daily chart - Please keep an eye on the gap fill level of $73.5......If we adhere to the theory that the EUR/USD trades in tandem with oil then we expect it to fall too if this gap is closed.…



Continue

Added by Aadil (site owner) on November 15, 2009 at 6:00pm — 2 Comments

FOREX: WHAT COULD KILL THE RALLY?

Based upon recent price action there are signs of exhaustion in the currency and equity markets as the 1.50 level in the EUR/USD and 1100 level in the S&P 500 appear to be insurmountable barriers. However with little U.S. economic data on the calendar this past week, traders had few reasons to press the dollar to new lows. Instead, most of the currency pairs consolidated with some profit taking seen on dollar short positions. Yet dollars bears have not given up as indicated by the lower… Continue

Added by Aadil (site owner) on November 13, 2009 at 9:53pm — No Comments

Dow Jones Industrial index - Bull flag is intact

keep watching this trend line............I would wait for a negation of higher highs or a double top before opening up a short. This graph certainly looks bullish from a technical point of view as it is trading above its downward sloping trend line.…

Continue

Added by Aadil (site owner) on November 13, 2009 at 6:00pm — No Comments

Nasdaq- the flying albatross ..........

I posted this chart earlier and the trend line is holding perfectly

Technical Analysis Folks

Added by Aadil (site owner) on November 13, 2009 at 5:14pm — No Comments

US dollar Index ..........watch for a double bottom

Added by Aadil (site owner) on November 13, 2009 at 4:18pm — No Comments

Nasdaq - Nice bounce off gap fill

Watch the 1772 .......if we breach it then very good support at 200 MA and Pivot S1 support at 1762

Added by Aadil (site owner) on November 13, 2009 at 3:10pm — No Comments

DAX ..........latest chart update at 14.45

can we hold this double bottom or do we fail

Added by Aadil (site owner) on November 13, 2009 at 2:46pm — No Comments

US Dollar Index ........resistance = support

Downward sloping trend line was resistance initially but now it has become support

Added by Aadil (site owner) on November 13, 2009 at 2:38pm — No Comments

Trade Gap Surges Amid Oil Rise; Import Prices Up 0.7%

The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the largest increase in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher.



Adding urgency to talks President Barack Obama will have with Chinese leaders in coming days, the monthly trade gap grew to $36.5 billion, from a slightly revised estimate of $30.8 billion in August, the Commerce Department said on Friday.



The monthly trade gap… Continue

Added by Aadil (site owner) on November 13, 2009 at 2:34pm — No Comments

FTSE latest @ 14.25 ...trend line still being obeyed but...

we have a bear flag pattern on FTSE

Added by Aadil (site owner) on November 13, 2009 at 2:25pm — No Comments

FTSE - the range is getting narrower ....which way will it break?

Added by Aadil (site owner) on November 13, 2009 at 12:41pm — No Comments

FTSE 100 - potential short opportunity beckoning

The Fibonacci retracement levels taking the high of the wick yesterday to the low of the wick today projects



50% = 5284

61.8% = 5290



My other variables such as Barclays, BP, BHP Billiton and Marcks and Spencer are not showing any signs or strength.



Add to that the liquidation in oil and the threat that it will breach $77 based on the assumption that EUR/USD is heading lower.



Dollar Index broken above 75.3-75.4 .............resistance =… Continue

Added by Aadil (site owner) on November 13, 2009 at 12:00pm — No Comments

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