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Welcome to the FXReturn.com London Forex Market Call for Thursday September 2nd.,2010. GBP/USD: Closes near the highs of the session as the market rallies from the 1.5300 handle. A close above resistance at 1.5478 will ignite a rally into the 1.5616 region. A close below the 50 day average at 1.5422 would encourage selling down to 1.5238. Technicals remain negative as the funds are net short | GOLD: Closes lower on the session but not before the market gets into the 1250 handle. Profit taking could encourage selling down to support at 1237.3 then 1217.5. A close above 1250 will spark a rally into the all time high at 1264.8 | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as ...

Welcome to the FXReturn.com London Forex Market Call for Wednesday September 1st.,2010. GBP/USD: Closes near the lows of a 147 point intraday swing as the market trades below the 50 day average. The next downside objective is 1.5238. A close above 1.5483 will ignite a rally into the 1.5520 region but it will be very difficult to see any strength above 1.5520 as the funds are net short. Technicals are turning bearish. If the funds remain net short, 1.4767 will be our long term price objective | GOLD: Closes on session highs as the market pierces resistance at 1249. The next objectives are 1264.8 then 1300. Near term support is at 1237.3 | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com ...

Welcome to the FXReturn.com London Forex Market Call for Tuesday August 31st.,2010. GBP/USD: Closes on session lows as the market rejects the upper end of the 1.5700 region. 1.5520 remains a key area of support. Closes below this area will encourage selling down to 1.5370 then 1.5238. A recovery of the 1.5520 area will spark a rally up into the 1.5996-1.6030 region longer term. The funds are still net short which will have a dampering effect on any upside price activity. Technicals are neutral | GOLD: Down slightly in quiet trading. 1243.8 is near term resistance. A piercing of this level will spark a rally into the all time high at 1264.8. Funds are net long which supports further price appreciation. 1237.3 is near term support | Daily FX ...

Welcome to the FXReturn.com London Forex Market Call for Monday August 30th.,2010. GBP/USD: Closes down 17 points in Fridays's session but closes on the highs. 1.5520 is a key level to watch. Consecutive closes above the 1.5520 resistance area will spark a rally into the 1.5996-1.6030 region. If the 1.5520 level fails, a sell off down to 1.5236 would be likely. Funds increased there position by +66 contracts but are still net short -4365. Stochastics entered the buy zone which could indicate the end of the retracement phase | GOLD: Closes unchanged on the session. 1249 is our near term price objective. The funds increased their net long position by almost 17,000 contracts. This is a positive trend signal and supports further price appreciation ...