Archive for August, 2009

Let a Hundred Credit Lines Bloom

Monday, August 31st, 2009

Have the Chinese engineered a spectacular economic recovery, the envy of the industrial world or has Beijing created a version of the American housing and credit bubble of the past decade? So far the China jury is out. But despite the evident confidence in the mainland story shown by the…

GBPUSD: Minor Support Targeted Ahead of The 1.5982 Level

Monday, August 31st, 2009

A follow through to the downside on its weakness off the 1.7041 level continues to shape up aiming at its minor support residing at the 1.6152 level, its Aug 27’09 low at first and then the 1.5982 level, which marks its July 08’09 low. Acceleration through there will turn further…

USDJPY: Weakening With Eyes On The 91.73 Level

Monday, August 31st, 2009

With weakness initiated at THE 97.98 levels, its Aug 07’09 higher continuing to be seen, USDJPY remains pressured to the downside with an invalidation of its nearby support residing at the 93.28 level, its July 22’09 low today clearing the way for a possible retarget of the 91.73 level, its…

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