Monday, May 31, 2010

Daily Analysis

Starting from tomorrow 1 June 2010, GU daily Analysis will be rename to GBP/USD Daily Analysis and you can find it under label GBP/USD Daily Analysis

Thursday, May 27, 2010

Thursday, May 20, 2010

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Wednesday, May 19, 2010

Asian stocks down as Europe woes linger

TOKYO – Asian stock markets fell sharply Wednesday as Germany's move to tighten control over trading of government debt and financial shares underscored that Europe is still struggling to stabilize the euro.

Japan's benchmark Nikkei 225 stock average dropped 200.36 points, or 2 percent, to 10,042.28. South Korea's Kospi index lost 34.56 points, or 2.1 percent, to 1,608.68 and Australia's S&P/ASX 200 index was off 1.8 percent at 4,421.10.

Selling spread across Asia after the Dow Jones industrial average dropped 114.88 points, or 1.1 percent, to 10,510.95 with Germany's plan to tighten financial regulations unnerving investors.

The euro, the currency shared by 16 European nations, has been driving global stock trading for weeks as investors interpreted its slide as a sign of continuing economic problems in Europe. It hit a new four-year low of $1.2160 on Tuesday.

Germany announced a ban Tuesday on so called naked short-selling of eurozone government debt and shares of major financial companies, a move that came as European officials seek to strengthen control of markets.

Naked short selling was cited as one of the factors in world markets' turbulence during the 2008 financial crisis. Germany's step brought underscored a fear that a further drop in the euro will continue to rattle world markets.

- Courtesy of Yahoo News

GU Daily Analysis

TF: 1hour
Pivot: 1.4342
Yesterday High:1.4516
Yesterday Low: 1.4253
Fast trend: Bearish
Medium trend: Bearish
Major trend: Bearish
Market Sentiment: Bearish

Monday, May 17, 2010

Euro slip

SINGAPORE (AP) -- Asian stock markets tumbled Monday on investor concern the Europe debt crisis will worsen as the euro fell to a 4-year low.

Investors weren't convinced last week's $1 trillion bailout package will keep a sovereign debt crisis from spreading from Greece to other European countries.

In an interview with German newspaper Der Spiegel to be published Monday, European Central Bank President Jean-Claude Trichet said Europe's economy "is in its most difficult situation since World War II or perhaps even since World War I."

"The market is concerned that the euro could trigger another financial crisis," said Linus Yip, a strategist with First Shanghai Securities in Hong Kong. "I don't think that's likely, but that's the fear out there."

The euro fell to $1.2271 on Monday, the lowest since 2006, from $1.2352 on Friday.

Japan's benchmark Nikkei 225 stock average dropped 260.36 points, or 2.5 percent, to 10,202.15, while South Korea's Kospi lost 2.8 percent to 1,648.04 and Australia's S&P/ASX 200 index was down 2.6 percent at 4,491.30.

China's benchmark index in Shanghai tumbled 3.6 percent, Hong Kong's Hang Seng index lost 2.5 percent, India slid 2.3 percent and Thailand sank 2.8 percent.

Asian investors are concerned that cost-cutting fiscal measures being taken by Greece, Portugal and Spain could hamper a recovery in the eurozone economy and undermine export demand.

On Wall Street on Friday, the Dow Jones industrial average fell 162.79 points, or 1.5 percent, to 10,620.16.

In currencies, the dollar edged down to 91.88 yen in Tokyo from 92.30 yen in New York late Friday.

Benchmark crude for June delivery was down $1.35 to $70.26 a barrel in electronic trading on the New York Mercantile Exchange. The June contract lost $2.79, almost 4 percent, to settle at $71.61 on Friday.

- Courtesy of Yahoo News

Wednesday, May 12, 2010

Euro slips on EU debt woes, Asian stocks soft

SINGAPORE (Reuters) – The euro slipped on Wednesday on nagging worries about festering euro zone debt problems despite a $1 trillion rescue package unveiled this week, which fueled a short-lived rally in global stocks.

Sterling held its overnight gains after Conservative party leader David Cameron took over as British prime minister after securing a power-sharing agreement between his center-right party and the smaller Liberal Democrats.

In Tokyo, the Nikkei average (.N225) edged up 0.5 percent, but gains were capped by continued foreign selling of Japanese stocks on concerns that the euro zone relief package did little to resolve the region's longer-term debt problems.

"Since the start of this month, foreigners have really been selling Japanese stocks, partly because Japanese markets were closed for holidays and foreign markets fell during that time, and partly because the Greek debt crisis really worsened," said Hideyuki Ishiguro, a strategist at Okasan Securities.

"At this point, I don't think a lot of this money is flowing into other Asian share markets. It's probably going into U.S. Treasury bonds and gold as part of a shift from riskier assets."

Orders for Japanese stocks placed through 10 foreign securities houses before the start of trade on Wednesday showed selling for a fifth straight day.

MSCI's index of Asia-Pacific shares outside Japan was little changed (.MIAPJ0000PUS), a day after falling just over 1 percent, though most major markets in the region were weaker, following modest losses on Wall Street. (.N)

Benchmark indexes in Hong Kong (.HSI) and South Korea (.KS11) fell by as much as 0.6 percent, but Australia (.AXJO) advanced more than 1 percent as its federal budget boosted banks.

On Monday, the MSCI ex-Japan index climbed 3.6 percent -- its biggest single-day percentage gain since May 2009 -- fueled by hopes that the massive rescue package would prevent Greece's debt crisis from spreading to other countries in the euro zone and possibly sparking another global credit crunch.

But the global rally quickly fizzled on Tuesday as worries resurfaced that Greece and other heavily-indebted euro zone members will not be able to deliver on promises of deep spending cuts.

The euro was trading around $1.2636, down 0.2 percent from late U.S. trade, but off a 14-month low of $1.2510 hit last week.

One near-term downside target for the euro may be around $1.2580, near Friday's low, one trader said.

Sterling hovered near $1.4898 after rising above $1.5000 on Tuesday.

The Conservatives and the smaller Liberal Democrat party agreed on Wednesday to form Britain's first coalition government since 1945, ending uncertainty over who would take power after inconclusive elections last week.

U.S. crude futures fell almost 0.6 percent to above $75.96 a barrel, while spot gold fell $4.85 an ounce to $1,227.2.

U.S. gold futures hit an all-time high above $1,230 on Tuesday as investors continued to worry about Europe's debt problems, boosting gold's appeal as a safe haven in times of market turmoil.

(Additional reporting by Elaine Lies in Tokyo; Editing by Kim Coghill)

- Courtesy of Yahoo News

Fundamentally ranging

Sterling is in ranging zone since all Traders are waiting cautiously the effect of EU dept rescue and the appointment of new Prime Minister of UK.

My sentiment is still to the bearish side since the chart make higher low on 11 May compare to 10 May.

Thursday, May 6, 2010

I'm Back to Business

I'm fully back online and just create a fresh new header for DDFX Blog's.

My aim now is to trade GBP/USD and EUR/GPB using DDFX System V3.0 and try to improve it more.

Like Tiger Wood, i'm going back to my basic training starting today since i was busy last few weeks on my new born baby. Thank you for those who congratulate me.

Need to recap everything back to normal. Sincere apologies to all clients and future client for any troubles.

Best of luck,
Initiator of DDFX System

EUR/GBP 1 hour chart

EUR/GBP on 1hour chart from 30 April to 6 May 2010

GU 1 hour chart

Latest Performance on GBP/USD on 1hour chart from 30 April until 6 May 2010

Tuesday, May 4, 2010

Have You Ever See 1B

This is it: USD1 billion dollar

Never Let a Winner Turn Into a Loser

One of our cardinal rules of trading is to protect your profits - even if it means banking only 15 pips at a time. To some, 15 pips may seem like chump change; but if you take 10 trades, 15 pips at a time, that adds up to a respectable 150 points of profits. Sure, this approach may seem as if we are trading like penny-pinching grandmothers, but the main point of trading is to minimize your losses and, along with that, to make money as often as possible. The bottom line is that this is your money. Even if it is money that you are willing to lose, commonly referred to as risk capital, you need to look at it as "you versus the market". Like a soldier on the battlefield, you need to protect yourself first and foremost.
- High Probability Trading Setups for the Currency Market, Kathy Lien