Posts Tagged ‘decline’

Forex News – Canadian Dollar Reaches 2010 Record Low on Risk Aversion

Tuesday, January 26th, 2010

The Canadian dollar continued to decline today reaching the  lowest level in five weeks as risk aversion rose globally, fueled by China’s new restrictive loans policy, which is likely to decrease appeal for currencies like the loonie, extreme related to commodities and stocks performance.(…)Read the rest of Canadian Dollar Reaches 2010 Record Low on Risk Aversion (149 words)Posted on Forex News. Read more… Technorati [...]

Tags: , , , , , ,
Posted in Forex Trading News | No Comments »

Action Insight-Forex Analysis – Trade Idea: GBP/USD – Buy at 1.6195 O.C.O. Sell at 1.6400

Wednesday, January 20th, 2010

Intra-day euro-led decline adds credence to our view that recent upmove has formed a top at 1.6459 and consolidation with mild downside bias remains for retracement of recent upmove to 1.6208-11 (50% Fibonacci retracement and previous support), however, support at 1.6194 (previous resistance turned support) should attract renewed buying interest,… Read more… Technorati Tags: Analysis, [...]

Tags: , , , , , , , ,
Posted in Forex Trading News | No Comments »