Welcome to the FXReturn.com London Forex Market Call for November 9th.,2010. GBP/USD: Closes near the lows of the session as the market rejects the 1.6200 handle. A close above 1.6200 will spark a rally into the 1.6297 region. A close below the 10 day average which value resides at 1.6056 could encourage selling down to pivot support at 1.5649. Technicals remain positive and funds increased their net long position which is supportive of further price appreciation | GOLD: Trades to yet another all time high as the market enters into the $1400.00 handle. The next objectives are $1425.00 then $1450.00. Near term support resides at the October pivot high at 1386.9. Technicals remain positive | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well as review our latest TON: Trade On News Plans for the upcoming week.Please click the following link to view our daily research: LondonMarketCallCreated with Camtasia Studio 5
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Go to Profile
Mark as Read
