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GBP USD Technical Forex Analysis for Forex Traders

Upside finds stops, volatility decreases a bit as today as market extends range in good two-way trade. Traders note stops and unwinding of cross-spreads supporting the rate. Follow-on selling finds bids at prior low. Bounce off the lows early in the week leaves a healthy bid wick suggesting some upside coming. Traders note liquidity is still thin.

Rate at new resistance level but ranges appears wider. Traders note quality bids on the dip suggesting a bottom is in finally but expect volatility.

Jennifer Hudson’s family killer might have had an accomplice

Jennifer Hudson’s family killer might have had an accompliceWashington, October 30 : Police are looking at the possibility that an accomplice might have aided Jennifer Hudson’s family killer drive from the crime scene.

Cops are speculating the idea that another person may have dumped the car, which contained the body of the singer’s seven-year-old nephew, Julian, outside a school soon after the slayings.

USD Daily Forex Analysis for Technical Traders

The USD ended the day weaker across the board but intraday volatility and whipsaw kept traders on their toes; most traders noting that large order to sell USD were moving through the markets and thin conditions exaggerated the moves.

Most desks report that stops and aggressive long-liquidation hit most pairs to drive prices lower across the board; USD/CAD took a major hit dropping over 400 points for a low print at 1.2124 before a bit of short-covering brought the rate back to the 1.2200 handle. Conditions were thin as expected and some traders report that firmer oil prices help support the Loonie and EURO today.

Methane on the rise after decade long stability

Washington, Oct 30 : Data from a worldwide NASA-funded measurement network has shown that the greenhouse gas methane is on the rise again, after a decade long period of stability.

Methane levels in the atmosphere have more than tripled since pre-industrial times, accounting for around one-fifth of the human contribution to greenhouse gas-driven global warming.

Until recently, the leveling off of methane levels had suggested that the rate of its emission from Earth''s surface was being approximately balanced by the rate of its destruction in the atmosphere.

However, according to the research, the balance has been upset since early 2007.

Suicide attack in Afghan capital, up to 5 casualties

Suicide attack in Afghan capital, up to 5 casualties Kabul - A suicide bomber detonated his explosive-filled vest inside a ministry in the centre of Kabul Thursday morning, causing up to five casualties, an interior ministry spokesman said.

The bomber entered inside the Ministry of Information and Culture in a busy area in the heart of city, Zemarai Bashary, interior ministry spokesman told Deutsche Presse-Agentur dpa.

"So far we can confirm that five people were killed or wounded," he said, adding that the number of casualties "might go up as we are still helping with evacuation."

Leaders Liverpool face resurgent Spurs

London - Harry Redknapp has been Tottenham Hotspur manager less that a week, but already he has inspired them to their first victory of the season, and an astonishing comeback from 4-2 down to draw against Arsenal in the north London derby.

On Saturday he will be hoping for an even bigger surprise as his side face the league leaders Liverpool at White Hart Lane.

It may be bottom against top, but given Spurs' new-found confidence, this is far from a foregone conclusion.

It's going to be a long season, but there was a great atmosphere in that dressing room," Redknapp said.

"I've tried to make them believe in themselves. There's ability in the squad. Bring on Liverpool. We'll give them a good go on Saturday.

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