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Welcome to the FXReturn.com London Forex Market Call for March 14th.,2011. GBP/USD: Closes near the highs of a 110 point intraday session as the market finds support at the Feb. 11th. pivot low at 1.5962. Consecutive closes above the Feb. 25th. pivot low at 1.6029 will re-establish the bullish posture of the market, thus confirming that the profit taking phase has ended with the next upside objective set at 1.6342. The Timing Oscillator is in oversold territory indicating a rally could be on the horizon. The funds added 8,097 contracts to their already net long position supporting a bullish bias in this weeks trading | GOLD: Closes mid-range on the session and below the 10 day average keeping the bearish temperment of the market intact with ...

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[B]Recap[/B]
The less likely scenario presented itself – w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed the week at Y-1.

[B]Outlook[/B]
As long as Y-1 to B-0 acting as resistance zone, a retest of B-1 is likely and downside target Y-2 will be tagged.

[I](article reposted from daytradingbias.com)[/I]

Full weekly outlook available [url="http://www.daytradingbias.com/?page_id=1093"]here[/url]

[B]DaytradingBias.com[/B] [COLOR="DarkGreen"]Know your odds [/COLOR][COLOR="Red"]before [/COLOR][COLOR="DarkGreen"]you trade[/COLOR]
Breakthrough Research [URL="http://www.daytradingbias.com/?p=207"]Special ...

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For more on crude oil price forecast and analysis see Trading Energy

Today is probably one of the intense news days in recent history as there are many important news items that are affecting different part of the globe including a tsunami in Japan, Libyan turmoil and Day of rage in Saudi Arabia, all these are just part of the news affecting the financial markets.


Let’s review the main news items that are related to the oil market and might affect crude oil price as of March 11th:

The tsunami attacks on the shores of Japan were caused by earthquakes registered at 8.8 on the Richter scale. It is still early to determine the estimate damage and the casualties, and according to reports there ...

[B]After a crazy week full with fear and catastrophes, the markets are now closed. It’s time to sit back and enjoy some long-term forex related articles. Here are some picks from selected places on the web:[/B]
EUR/USD had another choppy week. Technically, is the recent move a correction or something bigger? [URL="http://www.forexcrunch.com/eurusd-correction-or-something-bigger/"]Here are some answers[/URL].

[LIST][*][URL="http://www.forexblog.org/2011/03/yen-in-trouble-even-before-earthquake.html"]Adam Kritzer[/URL] discusses the Japanese troubles, even before the catastrophic earthquake.[*][URL="http://currencythoughts.com/2011/03/08/2012/"]Larry Greenberg[/URL] looks forward to 2012 and discusses how economies are ...