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  1. AceTrader's Avatar

    Daily Market Outlook by AceTrader

    by
    AceTrader
    , 04-07-2010 at 09:11 PM (Forex Trading Signals)
    Market Review - 07/04/2010 21:57GMT
    Euro declines on concerns over Greece debt and stalled recovery

    The single currency fell against the dollar for a fourth day in the longest stretch of decreases since February on worries that Greece may default and weak eurozone GDP.

    Although the single currency rose to 1.3409 in Australia, renewed selling emerged there and pushed euro lower to 1.3359. Despite brief bounce to 1.3402, euro retreated and fell to 1.3326 at NY opening after the Greek finance minister said Greek banks have asked to use the remaining funds (about 17 billion euro remained) from a state support 28 billion euro package first agreed in 2008, highlighting the problems faced by the Greek economy ...
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  2. AceTrader's Avatar

    GBP/USD Intra-day signal by AceTrader

    by
    AceTrader
    , 04-07-2010 at 04:08 AM (Forex Trading Signals)
    INTRA-DAY GBP/USD: 1.5238


    Last Update At 07 Apr 2010 06:21 GMT


    Cable's retreat after rising to 1.5281 (NY)
    suggests consolidation wud be seen in European session, however, pullback wud be ltd to 1.5212/20 n yield another rise fm y'day's low of 1.5130 to 1.5281 n possibly marginal gain to 1.5295/00.


    Buy dips for 1.5275 n if cable climbs to 1.5295
    1st, sell for subsequent retreat to 1.5245.


    Range Forecast
    1.5235 / 1.5275

    Resistance/Support
    R: 1.5281/1.5307/1.5320
    S: 1.5212/1.5181/1.5130

    http://www.acetraderfx.com
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  3. AceTrader's Avatar

    USD/JPY Intra-day signal by Acetrader

    by
    AceTrader
    , 04-07-2010 at 02:57 AM (Forex Trading Signals)
    INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY


    USD/JPY : 93.93

    Last Update At 07 Apr 2010 06:25 GMT

    Despite dlr's brief but strg rebound fm 93.56
    to 94.27, subsequent retreat suggests recovery has possibly ended there n further choppy trading inside nr term established range of 93.56-94.70 wud be seen n another drop to 93.56 can't be ruled out.


    In view of this, wud be prudent to exit long n
    stand aside. Abv 94.27 wud extend to 94.40...


    Range Forecast
    93.85 / 94.15

    Resistance/Support
    R: 94.40/94.78/94.93
    S: 93.94/93.66/93.56

    http://www.acetraderfx.com
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  4. AceTrader's Avatar

    GBP/USD Intra-day signal by AceTrader

    by
    AceTrader
    , 04-06-2010 at 11:42 PM (Forex Trading Signals)
    INTRA-DAY GBP/USD: 1.5261


    Last Update At 07 Apr 2010 02:46 GMT


    Although cable has rebounded after early retreat fm 1.5281 (NY) to 1.5235 in Asia, as long as said NY high holds, further range-trading is expected n another pullback to retrace y'day's rally fm 1.5130 to 1.5220/25 is likely b4 prospect of another rise.


    Buy dips for 1.5275 n if cable climbs to 1.5295
    1st, sell for subsequent retreat to 1.5245.


    Range Forecast
    1.5235 / 1.5275

    Resistance/Support
    R: 1.5281/1.5307/1.5320
    S: 1.5212/1.5181/1.5130

    http://www.acetraderfx.com
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