Rate follows GBP lower, cross-spreaders likely pressure as crosses are unwound during the day. One-way action overnight in light volume as stops get triggered under 1.2750 area and below but sellers run out on support at the 1.2700 handle.
Major resistance is now back at 1.3030 area and a close back above there argues for another test of the 1.3300 area weekly highs. Downside bias may be running out as rate is now on solid support numbers around the 1.2700/20 area. Pullback argues the squeeze is over.
Rate drops back after an up week last week; likely a correction and a buying opportunity as the 23 year lows are very likely to hold. Last week's Blanchflower comments help underscore the rate on dips but that support didn't show this morning.
Ajitpal Mangat's Victory has no ingredient for getting victory on the box office. Even presence of real stars of cricket like Bret Lee, Mike Hussey, Shoaib Malik, Sohail Tanvir, Jayasurya, Ajantha Mendis, Harbhajan Singh, Rohit Sharma and RP Singh couldn't help it.
Herman Baweja plays the role 24-year-old from Jaisalmer, who has immense batting potential and finally gets selected into the Indian cricket team. He becomes a cricket star by single handedly defeating Australia, South Africa, England and Pakistan.
B K Modi-controlled Spice Group expedites process to buy 51 per cent stake, most probably through fresh equity, in the beleaguered Satyam Computer Services. Spice Group is sending a team, comprising top executives of company, to discuss auction process with the Security and Exchange Board of India (SEBI).
Spice Corporation Chairman B K Modi said, "We have firmed up our plans to acquire a majority stake in Satyam and a team from the group will meet Sebi officials on Monday to discuss the issue."
Internet services major Yahoo Inc. has decided to close its Briefcase online storage service, having Web 1.0 capacity of 30MB, from March 30. The move is aimed to reduce costs by closing some operations in the midst of global financial crisis and tight liquidity conditions prevailing in the world.
The development came after the appointment of Carol Bartz as it Chief Executive, who is doing her best to control tough situation caused due to slump in online advertisement, a major source of revenue of Yahoo!
Rate drops back after an up week last week; likely a correction and a buying opportunity as the 23 year lows are very likely to hold. Last week's Blanchflower comments help underscore the rate on dips but that support didn't show this morning. 
Ajitpal Mangat's Victory has no ingredient for getting victory on the box office. Even presence of real stars of cricket like Bret Lee, Mike Hussey, Shoaib Malik, Sohail Tanvir, Jayasurya, Ajantha Mendis, Harbhajan Singh, Rohit Sharma and RP Singh couldn't help it.
B K Modi-controlled Spice Group expedites process to buy 51 per cent stake, most probably through fresh equity, in the beleaguered Satyam Computer Services. Spice Group is sending a team, comprising top executives of company, to discuss auction process with the Security and Exchange Board of India (SEBI).
Internet services major Yahoo Inc. has decided to close its Briefcase online storage service, having Web 1.0 capacity of 30MB, from March 30. The move is aimed to reduce costs by closing some operations in the midst of global financial crisis and tight liquidity conditions prevailing in the world. 
