TNM

EURO USD Forex Trading Tips and Analysis for Day Traders

India moves up to third place in ODI rankings, Yuvraj in top-10

Yuvraj SinghIndia's two consecutive wins over England in the ODI series has shuffled the ICC's ODI rankings with the side moving up two places from fifth to third position. Moreover, Yuvraj Singh, with his back-to-back powerpacked knocks - his two centuries - has also been rewarded for his performance as he climbed to the sixth spot of the ICC player rankings for ODI batsmen, gaining as many as 11 places to enjoy the highest rating of his career to date!

GBP USD Technical Forex Analysis for Forex Traders

Overhead resistance around 1.5100 holds on first try today, tracking EURO and equities for the most part. Traders note stops above the 1.5100 handle likely building near-term. Resistance is expected to hold rate for a pullback and aggressive traders can buy that dip if it comes.

Cross spreaders continue to hold interest near-term; profit-taking likely to result in a squeeze on the further strength. Thin conditions continue to exacerbate moves. Some stops noted on the break back over the 1.4850, 1.5000, and 1.5050 areas yesterday; the rate continues two-way on the move.

USD Technical Forex Analysis for Daily Traders

The USD continued in solid two-way trade today after earlier gains gave way to losses mid-day and then reversed yet again to finish better on the day against most pairs. Traders blame volatility in equities today for the whipsaw across the board as Wall Street was unable to hold gains into the end of the day. GBP rallied overnight into high prints at 1.5094 but those highs remained unchallenged in New York trade as sellers offered the rate lower more than a full handle to finish at the 1.4920 area; traders note pressure from EURO losses late in the day suggesting that the near-term lows still are under threat for additional attempts for new 2008 lows.

India, Egypt sign five key accords

India, Egypt sign five key accordsSigning five key accords, including an extradition treaty, on Tuesday India and Egypt pledged to jointly combat the menace of terrorism in all its forms and manifestations. The agreements lay a 'sound basis for a vibrant strategic partnership' between the two ancient civilizations - India and Egypt.

One of the five agreements signed was on cooperation in outer space and a MoU for cooperation in trade and economic fields. A MoU on increasing links in health and medicine was also signed, as was another agreement on the abolition of visa requirements for holders of diplomatic, special and official passports.

BSP expels father-son duo Natwar Singh and Jagat Singh

Former external affairs minister, K Natwar Singh, and his son Jagat SinghCharged with working against the principles and policies of the BSP - the party they joined in August this year - former external affairs minister, K Natwar Singh, and his son Jagat Singh, have been expelled from the party. BSP general secretary, Satish Chandra Mishra, charged Natwar Singh with "indiscipline" and indulging in "anti-party activities" after being denied Rajya Sabha nomination.

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