OUR RECOMMENDATION

GBP / USD
29 November 2007 05:20:37
Closed: 2.0813

Expected Range : 2.0694 - 2.0908
Support : 2.0784 / 2.0725 / 2.0684
Resistance : 2.0844 / 2.0882 / 2.0944
Recommendation : Buy 2.0766 TP 2.0816 SL 2.0736
Sell 2.0868 TP 2.0818 SL 2.0898

EUR/USD
29 November 2007 05:02:23
Closed:1.4830

Expected Range : 1.4848 - 1.4636
Support : 1.4776 / 1.4732 / 1.4681
Resistance : 1.4858 / 1.4908 / 1.4967
Recommendation : Buy 1.4856 TP 1.4906 SL 1.4826
Sell 1.4902 TP 1.4852 SL 1.4932

USD / JPY
29 November 2007 05:19:18
Closed: 110.10

Expected Range : 109.20 - 111.25
Support : 109.41 / 108.54 / 107.96
Resistance : 110.83 / 111.32 / 111.89
Recommendation : Buy 109.26 TP 109.76 SL 108.96
Sell 110.68 TP 110.18 SL 110.98

USD/CHF
29 November 2007 05:30:42
Closed: 1.1115

Expected Range : 1.1050 - 1.1259
Support : 1.1071 / 1.1030 / 1.0954
Resistance : 1.1207 / 1.1242 / 1.1298
Recommendation : Buy 1.1063 TP 1.1113 SL 1.1033
Sell 1.1146 TP 1.1096 SL 1.1176

OUR RECOMMENDATION

GBP / USD
28 November 2007 06:16:38
Closed: 2.0684

Expected Range : 2.0583 - 2.0800
Support : 2.0636 / 2.0569 / 2.0514
Resistance : 2.0718 / 2.0756 / 2.0845
Recommendation : Buy 2.0768 TP 2.0818 SL 2.0738
Sell 2.0633 TP 2.0583 SL 2.0663


EUR/USD
28 November 2007 05:43:07
Closed:1.4820

Expected Range : 1.4700 - 1.4900
Support : 1.4804 / 1.4769 / 1.4737
Resistance : 1.4846 / 1.4878 / 1.4920
Recommendation : Buy 1.4861 TP 1.4911 SL 1.4831
Sell 1.4807 TP 1.4757 SL 1.4837


USD / JPY
28 November 2007 06:13:02
Closed: 108.95

Expected Range : 107.00 - 109.00
Support : 108.63 / 108.30 / 107.89
Resistance : 109.14 / 109.49 / 109.92
Recommendation : Buy 109.00 TP 109.50 SL 108.70
Sell 109.67 TP 109.17 SL 109.97


USD/CHF
28 November 2007 06:21:32
Closed: 1.1052

Expected Range : 1.0900 - 1.1100
Support : 1.1030 / 1.1009 / 1.0962
Resistance : 1.1080 / 1.1120 / 1.1171
Recommendation : Buy 1.1069 TP 1.1119 SL 1.1039
Sell 1.1137 TP 1.1087 SL 1.1167

OUR RECOMMENDATION

GBP / USD
8 November 2007 05:51:08
Closed: 2.1022

Expected Range : 2.0950 - 2.1110
Support : 2.0985 / 2.0905 / 2.0865
Resistance : 2.1060 / 2.1106 / 2.1155
Recommendation : Buy 2.0880, TP 2.0930, SL 2.0850
Sell 2.0990, TP 2.0940, SL 2.1020

EUR/USD
8 November 2007 05:42:03
Closed: 1.4641

Expected Range : 1.4550 - 1.4750
Support : 1.4605 / 1.4555 / 1.4485
Resistance : 1.4697 / 1.4735 / 1.4789
Recommendation : Buy 1.4702, TP 1.4752, SL 1.4672
Sell 1.4652, TP 1.4602, SL 1.4682

USD / JPY
8 November 2007 05:38:13
Closed: 112.83

Expected Range : 112.10 - 114.35
Support : 112.57 / 112.02 / 111.77
Resistance : 113.02 / 113.77 / 114.01
Recommendation : Buy 113.37, TP 113.87, SL 113.07
Sell 114.57, TP 114.07, SL 114.87

USD/CHF
8 November 2007 05:51:27
Closed: 1.1330

Expected Range : 1.1250 - 1.1465
Support : 1.1287 / 1.1235 / 1.1175
Resistance : 1.1393 / 1.1460 / 1.1543
Recommendation : Buy 1.1355, TP 1.1405, SL 1.1325
Sell 1.1423, TP 1.1373, SL 1.1453

UPDATE: BOJ Minutes Show External Factors Made BOJ Hold

TOKYO -(Dow Jones)- Minutes of the Bank of Japan's September policy board meeting show how negative external factors made it all but impossible for the central bank to lift interest rates.

Those factors haven't ebbed, suggesting that the BOJ likely won't be able to tighten monetary policy for the rest of the year.

The minutes for the BOJ policy-setting meeting Sept. 18-19 meeting released Monday said board members think Japan's economy and prices will likely move in line with the bank's forecasts.

However, "global financial markets continue to be unstable and uncertainty regarding global economic developments was heightening, mainly due to increasing downside risks to the U.S. economy," the minutes said.

Read More ....

[ Source : Dow Jones News Wire ]

NFP Beat Expectations But Will It Be Enough to Save The Dollar?

Non Farm payrolls for October printed much better than expected at 166,000 jobs versus 85,000 forecast, confirming earlier reports in the week that pointed to a rebound in the US labor markets. The unemployment rate remained the same at 4.7% as did the average weekly hours at 33.8. However, the one dark cloud in the report was the weaker than expected rise in average hourly earnings which increased only 3.8% versus 4.0% projected.

Read More ....

[ Source : Daily FX ]

DAILY TECHNICAL OUTLOOK ON EUR/USD

EUR/USD - 1.4426...The single currency declined in European morning y'day
to 1.4404 due to cross selling in euro esp vs sterling n chf b4 briefly recover-
ing to 1.4479 in U.S. session, however, unwinding in eur/jpy on risk aversion
due to the selloff in U.S. stocks pressured price again in NY afternoon.

Read More ....

[ Source : Ace Trader ]

Stock prices plunge causing risk aversion. High Yielder's head lower

U.S. Dollar Trading (USD) rebounded against a number of currencies as investors took a risk aversion approach to the market. A sharp plunge in stock prices prompted investors to unwind risky trades on a rebounding Japanese yen, relieving the USD against a number of currencies. Many of the moves were prompted by another two earnings downgrade by Citigroup, pushing share prices lower by 6.6%. In other data news, releases were mixed on Thursday, with positive readings in Durable Goods, whilst ISM manufacturing failed to provide any further support coming in softer than expected at 50.9, it lowest level since March. In U.S. share markets the NASDAQ was down 64.29 points (-2.25%) whilst the Dow Jones plummeted 362.14 points (-2.6%). Crude oil traded at another record high of US$96.24 a barrel to before closing lower by US$1.04 a barrel to US$93.49. Looking ahead, plenty of emphasis will be placed on Non Farm Payrolls. Payrolls will be supported by other jobs data in Unemployment rate for the month of October.

Read More .....

[ Source : Easy Forex]

EURUSD, GBPUSD. Yesterday US Federal Reserve reduced the rate by 25 basic points again …

Yesterday the Federal Reserve once again reduced the rate by 25 basic points. That caused the bear impulse on dollar on forex and the bull impulse at stock exchange.

The dollar tested the next price low on euro in spite of the fact that decrease in the rate was expected by the market. The overwhelming majority of analysts did not doubt that FRS would again dip the rate after a series of negative news on the market of the real estate and industry. However, what is bad for dollar is good for the financial markets of the USA


Read More...

[Source:OpenForex Forex Forecast]

OUR RECOMMENDATION

GBP / USD
2 November 2007 06:38:53
Closed; 2.0787

Expected Range : 2.0680 - 2.0830
Support : 2.0744 / 2.0687 / 2.0617
Resistance : 2.0835 / 2.0876 / 2.0925
Recommendation : buy 2.0808 tp 2.0858 sl 2.0778
sell 2.0846 tp 2.0796 sl 2.0876


EUR/USD
2 November 2007 06:39:03
Closed: 1.4486

Expected Range : 1.4370 - 1.4500
Support : 1.4395 / 1.4355 / 1.4306
Resistance : 1.4502 / 1.4531 / 1.4567
Recommendation : buy 1.4437 tp 1.4487 sl 1.4407
sell 1.4480 tp 1.4430 sl 1.4510

USD / JPY
2 November 2007 06:30:56
Closed: 114.59

Expected Range : 114.00 - 115.35
Support : 114.25 / 113.89 / 113.37
Resistance : 115.02 / 115.55 / 116.17
Recommendation : buy 115.14 tp 115.64 sl 114.86
sell 115.67 tp 115.17 sl 115.97


USD/CHF
2 November 2007 06:39:49
Closed : 1.1582

Expected Range : 1.1669 - 1.1554
Support : 1.1545 / 1.1516 / 1.1472
Resistance : 1.1630 / 1.1669 / 1.1691
Recommendation : buy 1.1590 tp 1.1640 sl 1.1560
sell 1.1620 tp 1.1570 sl 1.1650