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    • rgitt05 replied Jul 6, 2007

      Market expects — PAYROLLS :: The market expects the June labor market report to look healthy, with Non-Farm payrolls growing 150,000, a steady 4.5% unemployment rate, and a 0.3% gain in average hourly earnings. Low jobless claims data, a ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 6, 2007

      My prediction of the GBPJPY — My setup is BUY at 248.00 and SELL at 246.50 So far, the US Equity Futures pointing to a slightly higher open. The USDJPY bounced off the Daily trendline heading up... Good Luck!!

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 5, 2007

      Still waiting on the breakout from the ascending triangle — I guess the market is waiting for the finally piece of news before a BIG move...The GBPJPY have been bound range for about two weeks around 248 as the HIGH and 246 as the LOW. ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 5, 2007

      Stay tune for the Eur decision and USD news — There is still more big news coming out so widen your stop loss if you don't want to get stop out... More whipsaw is coming ..The USDJPY is still waiting for more news before moving ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 5, 2007

      Stay long with GBPJPY — The UK has raised rates by .25 bp to 5.75%. The market was widely expecting this move and we are now seeing some GBP/USD buyers come to market. It is interesting that the short term benchmark rate for the UK, now at ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 4, 2007

      Another article for rate increase — Written by Kathy Lien, Chief Strategist image How Will The Markets React? Interest rate announcements are always important for the foreign exchange market. With the Bank of England, this upcoming rate ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 4, 2007

      Hints about the BOE decision tomorrow — Preview - Bank of England Faces Key Decision The Bank of England Monetary Policy Committee (MPC) faces a very important interest rate decision this Thursday as policy mistakes now could prove costly. ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 3, 2007

      I feel the 246.20-30 range is the strong trendline on the 4 hr chart — I feel the GBPJPY will bound range until Thursday when BOE release the interest rate decision...The 248.00 is the upper range and 246.00 range is the lower.. Just my ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 2, 2007

      Over the last five trading sessions, US equities tried higher on 4 occasions only to see those gains evaporate by the end of the day, resulting in closing levels just below the open on 4 of the last 5 days. US equities are currently up a healthy 97 ...

      Daily GBP/JPY analysis