EURUSD: Continues To Pressure The 1.5895/1.5912 zone
Tue, Apr 15 2008, 12:11 GMT

by Mohammed Isah

FXTechstrategy

EURUSD: While the triangle pattern is yet to be triggered, as long as the pair continues to pressure the 1.5895/1.5912 levels, its 2008 highs, risk for a break higher remains especially judging by the fact that the said pattern is a continuation one. Ultimately breaking and holding above the 1.5895/1.5912 levels will set the stage for further upside gains towards the 1.6000 and the 1.6100 levels, its psycho levels followed by its 1.618 Fib Ext at 1.6275 and then a distant resistance at the 1.6465 level, the location of its ascending triangle price target. The daily RSI remains supportive of this view. Conversely, failing to break and trade above the 1.5895/1.5912 will call for a fresh leg of decline towards its triangle bottom at 1.5724 with a loss of there triggering price acceleration towards the 1.5626/00 area, its April 07’08 low/psycho level ahead of the 1.5510 and next the 1.5342 levels, representing its Mar 24’08 and April 03’08 lows. On the whole, as long as the 1.5895/1.5912 zone remains under pressure, odds are for an eventual break leading to higher prices

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Forex Signals 11-04-2008

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

Sell @1.9718

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9758

Forex Signals 09-04-2008

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

Sell @1.9719

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9759

Forex Signals 07-04-2008

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

Sell @1.9944

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9964

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Forex Signals 03-04-2008

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

Buy @ 1.9863

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9843


Forex Signals 02-04-2008

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

sell @1.9767

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9843

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

sell @1.9823

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9843

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order

sell @1.9951

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 1.9971

Forex Signals 27-03-2008

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order
buy @2.0060

Set Stop Loss @ -30pip

Set Profit Target @ 20 pip

Daily Pivot: 2.0040

Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order
buy @2.0031

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

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Malaysia will merge Bursa Malaysia's Main and Second boards, revamp the Mesdaq market, relax bond-market approvals and establish a third credit rating agency

BURSA Malaysia’s Main and Second boards will be combined into one catering for big established companies while the Mesdaq market will revamped for smaller companies in efforts to improve the equities market.

The streamlining of the board structure by merging the Main and Second Boards will establish a unified board for more established companies with strong track records, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.

He was announcing several measures to further improve the Malaysian equities market and make it more attractive for foreign equity investors.

The revamp of the Mesdaq market will allow relatively smaller companies to access the equities market at an earlier stage of their life cycle, Abdullah said in his keynote address at the “Invest Malaysia 2008” annual conference today.

Abdullah, who is also Finance Minister, said the government will establish a market-making framework for Bursa Malaysia.

Market-makers could include proprietary traders in commercial and investment banks as well as foreign traders.

“They will be obliged to be present in the market at all time, to provide liquidity for the market,” said Abdullah.

This initiative will help price discovery, promote innovation and enhance liquidity in the market, he said.

To spur interest among financial institutions and to act as the market-makers, Abdullah said the government will offer incentives such as tax concessions and lower fees.

As for the bond market, the government will liberalise the bond market approval framework to increase efficiency and competitiveness, he said at the conference attended by over 600 local and international delegates featuring over 30 corporations.

At present, there is already an existing “green-lane” process for bond offerings made by highly-rated bond issuers.

Such issuances are deemed approved, which means issuers will only be required to submit their applications to the Securities Commission as a matter of formality.

“Moving forward, we will extend this “deemed approved” process to all domestic or foreign issuers that are rated triple-A from domestic rating agencies or a minimum triple-B rating by international agencies.”

He said the government will also extend this “deemed approved” process for the issuance of non-ringgit bonds by all local and foreign issuers with a minimum triple-B rating by international agencies.

“We believe that this measures will enhance the breadth of our bond market, and consolidate Malaysia’s position as a leading bond and Sukuk market within the Asia-Pacific region,” said Abdullah.

The Prime Minister also announced that the government will allow the establishment of a third credit rating agency in the country to ensure better supervision with 49 per cent foreign equity.

Currently, the two rating agencies in the country are Rating Agency Malaysia Bhd and Malaysian Rating Corporation Bhd. — Bernama

Source: http://www.btimes.com.my/

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Malaysia will merge Bursa Malaysia's Main and Second boards, revamp the Mesdaq market, relax bond-market approvals and establish a third credit rating agency

BURSA Malaysia’s Main and Second boards will be combined into one catering for big established companies while the Mesdaq market will revamped for smaller companies in efforts to improve the equities market.

The streamlining of the board structure by merging the Main and Second Boards will establish a unified board for more established companies with strong track records, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.

He was announcing several measures to further improve the Malaysian equities market and make it more attractive for foreign equity investors.

The revamp of the Mesdaq market will allow relatively smaller companies to access the equities market at an earlier stage of their life cycle, Abdullah said in his keynote address at the “Invest Malaysia 2008” annual conference today.

Source: http://www.btimes.com.my/

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NEW YORK (CNNMoney.com) -- Bonds closed higher Friday after a disappointing report on the U.S. job market raised fears that the economy is in a recession.

The Labor Department's March jobs report showed a loss of 80,000 jobs, marking the third consecutive month of job declines. Economists were expecting a loss of 50,000 jobs in March, according to a consensus estimate compiled by Briefing.com.

Job cuts in the previous two months were also revised higher.

Meanwhile, the unemployment rate shot up to 5.1% from 4.8% in February. That reading was also higher than expected.

The monthly jobs report is a key indicator about the health of the economy and many economists believe that sustained weakness in the labor market is evidence that a recession is underway. It also juiced the Treasury market, which usually rises when investors are concerned about the economy and look for less risky investments.

"Certainly some of the movement is in response to the labor market numbers that came out this morning," said Barrett Capital Management Chief Information Officer Russell Lundeberg Jr.

But much of the bond movement came because of a much weakened dollar, which fell sharply against the 15-nation euro, British pound, and Japanese yen Friday.

"When the dollar is weakened, foreign central banks move money into U.S. dollars to help support the currency so they don't see more weakening than they want, Lundeberg added."

The benchmark 10-year Treasury note rose 26/32 to 100 5/32 with a yield of 3.47%, down from 3.60% late Thursday.

The 2-year note gained 4/32 at 99 27/32 with a yield of 1.81%, down from 1.90%.

The 30-year long bond rose 1 12/32 to 101 1/32 with a yield of 4.31%, down from 4.49% the day before.

Bond prices and yields move in opposite directions.

The state of the labor market will be an important factor influencing the Federal Reserve's thinking on interest rates. The central bank is scheduled to meet on April 29-30.

Investors who place bets using Chicago Board of Trade options were pricing in a 100% chance of at least another quarter-point cut before the job report was released. After the jobs report was released, the chance of a half-point cut rose to 38% from 20% late Thursday.

Source: http://money.cnn.com/

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Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order
buy @1.9850

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.9830

Forex Signals 20-03-2008

trade and it’s
result:

GBP/USD

Stop/Limit/Market Order

sell @1.9892

Result:No Trade

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