In the pair trading GBP / USD today’s Asian session (26-02) observed moving Pounds Sterling rose against the U.S. dollar and are in the range of 1.5280.
Poundsterling demand back forex investors, along with a signal which indicates an increase in consumer confidence levels of the British state.
Indicator GfK Consumer Confidence rose to -14 reported previously estimated to remain from the previous value of -17. This positive response by investors in forex trading.
The latest information about GfK Consumer Confidence indicators has just been released by GfK NOP showed an increase in consumer confidence survey of 2000 consumers. Though still in negative territory indicating pessimism British consumers, but the indicators are showing decline in UK consumer pessimism.
Pounds in the currency pair GBP / USD is expected to still be slightly strengthened. Movements pound sterling is expected to face resistance at the 1.5299 range.
In trading pair USD/JPY ASIA session today (26-02) observed Japanese Yen weakened the pull back of U.S. Dollar and are in the range of 89.40.
Pressure Japanese Yen against the U.S. dollar today as the reduced slightly the market response to the testimony to the leadership of the Fed Ben Bernanke.
Testimonials led the Fed in monetary policy report before the Committee Banking, Housing and Urban Affairs United States Senate is a positive response as an appreciation of the forex market on monetary policy institutions.
Although indicators reported Unemployment Claims 496K increase to previously expected to fall to 461K from 474K the previous value. However, the market is not too negative response because of deteriorating labor sector, the U.S. has led the Federal Reserve delivered yesterday, so the market has been anticipating it.
I will give advice to you, for long term Buy EUR/JPY
- BUY EUR/JPY @ 120.00, TP 121.00
good luck
- Status EUR/JPY : Closed +100 hit TP.
Buy EUR/JPY
- BUY EUR/JPY @ 120.70 TP 121.30,
good SL 80 pip from entry position.
good luck…
- Status EUR/JPY : Closed -40 not hit TP.
bad day.
In currency trading the Asian session today (25-02), the Euro currency was declining quite sharply against the U.S. Dollar. Pair EUR / USD is now moving in the range of 1.3450.
Greece to this day still very difficult to cut its budget deficit as demand EU (European Union). Confidence in the ability of Greek grim enough in the middle of a weak economy and political conditions that are less supportive, so there are fears that Greece will not get help.
It seems investors can not be fooled again, where before there was speculation that positive enough for the Greeks. But in reality, the situation in Greece was very worried, so the safe-haven currency once again be hunted. As long as there is no obvious solution to the problems of Greece, the Euro will continue to be depressed. Beware of rumors that provide positive sentiment, because this issue has dragged for a long time.
Buy EUR/USD
- BUY EUR/USD @ 1.3480 TP 1.3520,
good SL 50 pip from entry position.
good luck…
- Status EUR/USD : Closed +30 not hit TP.
Forex | admin | 
February 26, 2010 11:09 am | 
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