What I See in FX Market

Posted Sat, 2012-01-28 17:12 by Mantis

$EURUSD WHAT Forex Target Traders SEE: We are currently sitting @ 1.3218 after breaking the resistance @ 1.3185 – this is bullish for the cross. We are very close to the R 5 starting at the pullback @ 1.2855 and this would be the 5th wave. There is still room to the upside to the -0.270 fib extension @ 1.3323 and then a big move should the dollar still stay in the cellar to the 1.3443 -0.618 Fib extension.

EURUSD: Is it Reversal or Short covering?

Posted Sat, 2012-01-28 16:42 by Mantis

EURUSD, the most talked about pair of these days and the pair which draws most attention in comparison to other hot currency pair is currently trading above 1.3200 after testing the low of 1.26290. The Million dollar question is whether EURUSD has registered its bounce back and back to short term upside rally OR this is just a short covering before next bear rally?

Sudan To Free Seized South Sudan Oil Ships

Posted Sat, 2012-01-28 16:33 by Mantis

Sudan will release ships carrying South Sudan's oil cargos to end a dispute over transit fees, reports said Saturday citing an official involved in negotiations.

Sudan To Free Seized South Sudan Oil Ships

Posted Sat, 2012-01-28 16:33 by Mantis

Sudan will release ships carrying South Sudan's oil cargos to end a dispute over transit fees, reports said Saturday citing an official involved in negotiations.

Sudan To Free Seized South Sudan Oil Ships

Posted Sat, 2012-01-28 16:33 by Mantis

Sudan will release ships carrying South Sudan's oil cargos to end a dispute over transit fees, reports said Saturday citing an official involved in negotiations.

Arab League Halts Syria Monitoring Mission

Posted Sat, 2012-01-28 16:23 by Mantis

The Arab League has announced that it is suspending its observer mission in Syria due to the intensifying violence there, reports said Saturday citing a statement.

NZ Central Bank To Keep Cash Rate Low Until 2013: Capital Economics

Posted Sat, 2012-01-28 16:09 by Mantis

New Zealand's central bank is likely to raise its cash rate by just a quarter percent before 2013-end, after keeping it unchanged throughout 2012, Sukhy Ubhi, Asia economist at Capital Economics, said in a note Thursday.

NZ Central Bank To Keep Cash Rate Low Until 2013: Capital Economics

Posted Sat, 2012-01-28 16:09 by Mantis

New Zealand's central bank is likely to raise its cash rate by just a quarter percent before 2013-end, after keeping it unchanged throughout 2012, Sukhy Ubhi, Asia economist at Capital Economics, said in a note Thursday.

Clashes Erupt In Senegal As Court Clears President's Bid For Third Term

Posted Sat, 2012-01-28 12:58 by Mantis

Senegal witnessed clashes erupt across the country as the top court said Friday that President Abdoulaye Wade could run for a third term in next month's election.

Azarenka Victorious At Australian Open

Posted Sat, 2012-01-28 12:25 by Mantis

Victoria Azarenka of Belarus has won the Australian Open 2012 women's title. She had a relatively easy straight set victory against Russia's Maria Sharapova in Saturday's one-sided final, 6-3, 6-0.

The first Grand Slam title for Azarenka also elevated her to the World No. 1 spot in Women's tennis at the age of 22, replacing Caroline Wozniacki.

This was also the first Grandslam win by a Belarusian.

Despite the loss, Sharapova will move one step ahead to 3rd rank behind Petra Kvitova wh