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Old

Stay Lines

Posted 12-30-2009 at 12:50 PM by zdo

Line Changes:
Continuing to extend active green and red lines at 10330 and 10357

Position Changes:
None. Flat.

Order Changes:
No orders in over weekend.

Comments:
Happy New Year to all
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zdo
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Old

British Pound Breaks Out of Narrow Range, Euro Remains Little Changed

Posted 12-30-2009 at 12:27 PM by DailyFX

The British Pound fell to a low of 1.5857 against the greenback, with the RSI slipping into oversold territory, and the currency may continue to trend lower over the remainder of the week as price action breaks below the narrow range carried over from the previous week.

Talking Points
• Japanese Yen: Modestly Lower Across the Board
• Pound: U.K. Pledges to Support Economic Recovery
• Euro: Private Sector Loans Weaken for Third Month
• US Dollar:...
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