Month: February 2013

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EURGBP 22.02.2013 Outlook

EURGBP 22.02.2013 Outlook

In the Eurozone, business confidence somewhat deteriorated in the month of February. It was reported in FXStreet: The Composite  PMI for activity, a good leading indicator of GDP growth, lost 1.3 point  in February, declining to 47.3. Flash releases suggest that confidence  deteriorated in the two largest economies of the area. Nevertheless,  economic conditions are…

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Mini Holiday

Mini Holiday

I would be going on a mini holiday. I would not be able to be connected online as frequent as I like as the internet facilities are poor. Market updates will resume on the 18th Jan 2013. Have a great holiday everybody…

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AUDUSD 06.02.2013 Update

AUDUSD 06.02.2013 Update

04.02.2013 H1 chart 2 days ago, I mentioned that I would not have bought the AUDUSD if it manages to close strongly above 1.0432 and I posted this chart. 05.02.2013 H1 chart From the chart, you could see clearly that price broke into the 1.0432 – 1.0446 box. That long bearish bar that you saw…

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