GBPUSD Daily Analysis – May 6, 2014
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), and the fall from 1.6918 is likely consolidation of the uptrend.
Curve Ahead Market Strategies
Tencent stresses mobile Internet platform
Mobile Internet applications have made people’s lives much more convenient, but Internet companies need to build a platform to help people get access to those apps more easily, Ren Yuxin, the Chief Operating Officer from Tencent, China’s Internet giant said Monday.
AUDUSD Daily Analysis – May 6, 2014
AUDUSD broke above the upper line of the price channel on 4-hour chart.
Trade Alert – New Position
Option Alert Service Signal New Trade Suggestion
Trade Alert – New Position – BAC
Option Alert Service Signal New Trade Suggestion
EURUSD Daily Analysis – May 5, 2014
EURUSD is now in uptrend from 1.3775.
Ahead of the Open
As we begin the first full week of trading for May one has to wonder if the old saying will hold true…”Sell and Go Away In May”.
GBPUSD Daily Analysis – May 5, 2014
GBPUSD remains in uptrend from 1.6465, the fall from 1.6918 could be treated as consolidation of the uptrend.
USDJPY Daily Analysis – May 5, 2014
USDJPY breaks below 101.96 support, indicating that the upward movement from 101.32 had completed at 103.02 already.
China’s manufacturing weakens, but at slower pace
China’s (FXI, quote) manufacturing activity continued to shrink in April, but at a slower pace, fresh evidence that the sector is facing growth challenges, according to HSBC’s purchasing managers’ index (PMI) released on Monday.