| A Range Bound GBP/USD Provides Opportunity for Scalping Strategies (Daily FX) The GBP/USD has started to see volatility wane as both the Pound and the Dollar has lost favor leaving the pair in a stalemate. Flat U.K. retails sales in August sums up the current outlook for the economy which could lead to the pair remaining range bound over the near-term. us.rd.yahoo.com |
British Pound Retraces, Euro Grapples with 1.50 Against US Dollar (Daily FX) The US Dollar has continued to slide lower, with prices poised to test the critical 1.50 level against the Euro. We remain long the greenback against the British Pound, looking for the recent upswing to be reversed near current levels but ready to take profits off the table should aggressive Dollar selling continue. us.rd.yahoo.com |
World markets up as Dubai contagion fears ease (AP) World stock markets rose sharply Tuesday as tensions related to Dubai's debt problems eased, while gold broke through the $1,200 an ounce level for the first time ever amid renewed dollar weakness. us.rd.yahoo.com |
Oil May Trade Above $79, Metals Fail at Resistance on US Data (Daily FX) Crude oil prices may test above $79/barrel while gold and silver may fail at key technical resistance as if the Dallas Federal Reserve’s manufacturing activity gauge adds 2% as expected in December. us.rd.yahoo.com |
IMF sharply raises global economic growth forecast (Reuters) The International Monetary Fund sharply raised its global economic growth forecast, casting developing countries in a leading role while rich nations struggle with high unemployment and government debt. us.rd.yahoo.com |