Malaysia

Quoting Zul

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USD/JPY IntradayNY session
1st sup.
110.34
2nd sup.
110.02
3rd sup.
109.64
1st res.
110.75
2nd res.
111.01
3rd res.
111.22

Long position can be considered on fail of initial support at 110.34 with targets at 110.75 & 111.01 in extension.

Alternative scenario confirm break below 110.34 look for further downside with 110.02 & 109.64 as targets.

Comment: The 30-minutes RSI bounced off a rising trend line.

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Quoting Malaysia

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So far just 2 members interested Matsalleh and papa72. What about the rest? You guyz & Gurlz better join the CLUB early before I start charging

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Quoting sgcheng

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Hi All,

Would like to join u all in trading,,,do let me know.,,,

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Quoting Malaysia

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I am PLANNING to organize another GATHERING this FRIDAY. This time we all TRADE LIVE together. Who would like to join in say YES

Email me for confirmation: [email protected]

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Quoting jdhj1

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i want to be in the club but i live in usa

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Quoting stan88

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The market really move slowly i think when the market start move in a direction it will be a big move. what do u all think.
and is there anybody got opinion in the gbp/jpy

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Quote

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Goldman says short gold and the GBP/JPY in '08

Quote

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Dollars Destiny Depends on NFP Talking Points:

$ Dollar’s Destiny Depends on NFP
€ Euro – No Hike in Sight
¥ Yen Loses Out On Return to Risk – Can This Sentiment Hold?
? Cable Breaks Down On UK Data – Will the BOE Cave and Cut Rates?
? Swissie’s Fortunes Quickly Reverse Despite Strong Data
C$ Canadian Dollar Struggles To Keep Above Parity With Dollar
AU$ Aussie Awaits RBA Rate Decision
NZ$ New Zealand Dollar Rallies Ahead of RBNZ Rate Announcement

http://www.dailyfx.com/export/sites/...12.3._pic1.gifDollar’s Destiny Depends on NFP

Existing Home Sales, Durable Goods, Personal Income and Spending and Consumer Confidence numbers all missed their mark this week, but despite the dour economic news and the gloomy sentiment around the dollar, the greenback managed to gain 130bp on the euro and given the price action on Friday now looks more likely to reach 1.4500 rather than 1.5000. What caused this turn in price? The most important event to drive trade last week wasn’t on the economic calendar. Rather, it was the announcement by the Abu Dhabi investment authority that it was willing to inject 7.5 Billion in Citibank which caused a turn in sentiment providing a boost for the buck. The Abu Dhabi news suggests that foreign capital investment may not leave US but will rather be redirected into equities instead of fixed income assets. For the greenback which has been reeling partly on the fears of massive foreign capital outflows this was welcome news indeed.

Last week we noted that, “there is no doubt that the pair wants to target 1.5000 again … but it will have to do so with more substantial reasons than mere stop running.” This week the moment of truth may be upon us. The US calendar is chuck full of important data including ISM Manufacturing and ISM Non-Manufacturing surveys, both of which are expected to be softer than last month, though still above the 50 boom/bust line. Dollar’s destiny however, is quite likely to be determined by Friday’s NFP data. The bears argument has been predicated on the assumption of an imminent recession in the US, but until and unless the jobs data shows clear deterioration there is little evidence that the US economy is in serious trouble. Last Thursday’s weekly jobless claims which jumped by 10% certainly provide little cheer for dollar bulls, but the ultimate decision on the direction of the pair will be governed by next Friday’s data. If the NFPs can expand by 100K or more the talk of doom and gloom may be overdone.– BS.

Quoting abbassi

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Zul, I am short on this , but how do I interpert this to mean:
Comment: The 30-minutes RSI bounced off a rising trend line.

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