Archive for June, 2010

Weak Chinese PMI Data Keeps Risk Appetite In Check

Wednesday 30 June 2010 @ 11:56 pm

Risk sentiment took a further hit during this morning's Asian trading session as China's purchasing managers' index declined to 52.1 (v 53.2 exp) during June, significantly lower than the previous reading of 53.9. The release showed China's manufacturing growth slowed for a second consecutive month and will no doubt compound

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Dezil replies to: The Amazing Magic of 3MW of now

Wednesday 30 June 2010 @ 11:55 pm

Hi Brijon! What do you mean by range talking about your TP rules, and also could you explain are there any strict criteria to identify M&W

Comments (0) | Posted in Trading Systems

XTrade replies to: XAU/USD XAG/USD – Gold & Silver FX Traders Thread

Wednesday 30 June 2010 @ 11:52 pm

Hello FRIEND and Welcome, That is an interesting post. I think you and the others can see here that I try to blend the best of both worlds. I do not trade solely on the charts nor do I trade solely on the fundamentals. The method I use is observation of the two mixed into an adaptable style.....

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AUD/USD Daily Outlook

Wednesday 30 June 2010 @ 11:52 pm

Intraday bias in AUD/USD remains on the downside for the moment. Current development suggests that three wave consolidation from 0.8066 has completed at 0.8858 already, just ahead of 61.8% retracement of 0.9380 to 0.8066. Further decline should now be seen to retest 0.8066/8079 support zone first. On the upside, above

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Daily Report: Spain Ratings Under Review, Manufacturing Data in Focus

Wednesday 30 June 2010 @ 11:50 pm

Risk aversion remains the main driving force in the markets following late decline in US stocks overnight. Data from China were disappointing and provided no support to risk sentiments. China manufacturing PMI dropped more than expected to 52.1 in June, adding to sign that China's fast growing economy is cooling.

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Moody’s Puts Spain On Watch For A Downgrade

Wednesday 30 June 2010 @ 11:46 pm

US ADP Employment Change disappointing at 13K vs. 60K expected. Chinese HSBC PMI almost in contraction (50.2) and Australian building approvals down 6.6% MoM. It more and more looks like a double-dip in GDP on a global scale. This is being priced into treasuries. Spain is on watch for a

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