21‏/05‏/2009

Daily Forex Signal 22 MAY 2009 released 00.09 GMT

Daily Forex Signal 22 MAY 2009 released 00.09 GMT

D20P BUY B GBP/USD 1.5769

take profit 1.5789

stoploss 1.5739

DAILY20PIP.COM ADVICE : BULLISH MARKET AHEAD
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT

Fundamental VS Technical Analysis

Fundamental analysis use macroeconomic indicators including prime interest rates, inflation, unemployment rate. Forex fundamental factors only take a hand in the influence of currency movements.

While Technical analysis is exercised only to price action and forex technical analysis represents a variety of forex technical fields. All used to ascertain the market direction.

Action Insight Mid-Day Report 5-21-09

Yen to Gain as Markets Turning Around?

Investors' sentiments seem to have a drastic turn in the past twenty four hours, in particular after UK's downgraded by S&P.

European stocks are sharply lower with major indices dropping over 2% at the time of writing while US stocks open sharply lower.

Dollar recovers slightly against major currencies but the recoveryis so far mild and there is generally no change in the near term bearish outlook in greenback against European majors yet.

On the other hand, current development triggers us to take a serious look on whether yen is building up strength for a strong rebound.

Action- Insight- Daily -Report 5-21-09

Sterling Looking to Retail Sales to Extend Recent Strength

Sterling remains firm after recent strong rally and is looking forward to a solid retail sales report to extend recent strength. UK retail sales are expected to have gained 0.5% mom in April following an increase of +0.3% in the previous month as the Easter holiday should have boosted spending. Retail indicators, such as CBI and BRC, suggested a good reading in April, too. On annual basis, the gauge should have gained +2.5%, better than +1.5% in March. Public sector new borrowing should have soared 6.5B pound in April following a 19.1B pound rise a month ago. M4 money supply is anticipate to have surged +0.5% mom in April (March: +0.2%) with a high rate of growth of lending to financial sector.

21‏/05‏/2009

Daily Forex Signal 22 MAY 2009 released 00.09 GMT

Action Insight Mid-Day Report 5-21-09

Action- Insight- Daily -Report 5-21-09

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