Market Commentary
Market Commentary Friday 10 October 2008 |
| FOREIGN EXCHANGE |
 EUR/USD closed slightly lower on Thursday due to profit taking as it consolidates some of this week’s decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral to bullish hinting that a short-term bottom might be in or is near. Closes above the 20-day moving average crossing would confirm that a short-term bottom has been posted. If it renews this week’s decline, the 62% retracement level of the July-September rally crossing is the next downside target. |
 USD/JPY closed lower on Thursday as it consolidated some of the rally off last week’s low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews this month’s decline, last August’s low crossing is the next downside target. |
 GBP/USD closed lower on Thursday as it consolidated some of last week’s rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews this week’s rally, the 50% retracement level of the July-September decline crossing is the next upside target. |
 USD/CHF closed higher on Thursday due to short covering while extending last week’s trading range. A late-day rally tempered early losses and the mid-range close sets the stage for a steady opening on Friday. However, stochastics and the RSI are becoming overbought and are turning neutral hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a top has been posted. If it extends this month’s rally, the 62% retracement level of this summer’s decline crossing is the next upside target. |
I have to express my thanks to you for bailing me out of such a setting. Because of checking throughout the world wide web and obtaining strategies which were not beneficial, I assumed my life was done. Living without the presence of solutions to the difficulties you have sorted out by way of your good blog post is a crucial case, and ones which could have negatively damaged my career if I hadn’t come across the blog. Your own personal talents and kindness in controlling all the stuff was valuable. I don’t know what I would’ve done if I hadn’t come upon such a subject like this. It’s possible to at this point look forward to my future. Thank you so much for your specialized and result oriented guide. I will not be reluctant to recommend your web blog to anybody who should receive care about this subject.
I simply wanted to write a comment in order to thank you for those splendid tactics you are giving out at this website. My extensive internet investigation has now been paid with excellent tips to talk about with my family and friends. I ‘d suppose that many of us website visitors actually are definitely endowed to be in a fantastic site with so many outstanding individuals with useful tips. I feel somewhat privileged to have come across your entire weblog and look forward to really more enjoyable times reading here. Thanks a lot once more for everything.
This design is spectacular! You certainly know howw tto
keep a reader entertained. Between your wit and your videos,
I was almst moved to start my own blog (well, almost…HaHa!)
Fantastic job. I rally enjoyed what you had to say, and more than that, how
you presented it. Too cool!
I wanted to develop a quick remark so as to say thanks to you for the superb facts you are giving out here. My prolonged internet investigation has finally been rewarded with reasonable suggestions to talk about with my co-workers. I ‘d claim that we readers are very fortunate to live in a perfect network with so many wonderful individuals with useful strategies. I feel quite blessed to have discovered your webpages and look forward to so many more amazing moments reading here. Thanks a lot once again for a lot of things.
Best FanDuel November Bonus Offer. FanDuel has one of the most rewarding promo offers in the industry. You will receive 5 Free NFL Contest Entries when you make
My husband and i felt really thrilled that Michael managed to conclude his preliminary research because of the ideas he came across in your weblog. It’s not at all simplistic just to always be releasing tactics the rest may have been trying to sell. So we do know we’ve got the blog owner to thank for this. The most important explanations you’ve made, the simple website menu, the friendships you can help to foster – it’s all impressive, and it’s making our son in addition to the family believe that this theme is awesome, and that’s truly important. Thanks for all!
Draftkings promo code : DraftKings promo
My spouse and i ended up being now thrilled that Ervin could deal with his researching using the ideas he discovered from your web page. It’s not at all simplistic just to be making a gift of secrets that many people could have been trying to sell. Therefore we grasp we have got the website owner to thank because of that. The most important illustrations you’ve made, the simple website navigation, the relationships your site assist to engender – it is mostly remarkable, and it’s facilitating our son and our family consider that that issue is interesting, which is certainly very indispensable. Thanks for the whole lot!
Draftkings promo code : DraftKings will provide a free cash ticket into your player account after your 1st deposit and draftkings promo code.The free ticket bonus is only available on your 1st deposit with the use of draftkings promo code. Click and use this draftkings promo code now
I wish to express my appreciation for your kindness in support of folks who should have help with the question. Your personal dedication to getting the solution up and down appears to be really effective and have constantly empowered girls much like me to reach their aims. Your own warm and friendly suggestions denotes a lot a person like me and even more to my mates. Regards; from everyone of us.