Sunday, 31 October 2010

GBP/USD (British Pound/US Dollar) and NZD /USD (New Zealand Dollar/US Dollar)

I have placed 2 orders in the market to buy the following currency pairs at the following prices -
GBP/USD - 16040 and NZD /USD - 7663
GBP/USD appears to have broken resistance at 16000 so could be a good move. I am looking at least for a 70 pip profit on this trade. If the move is volatile, I might trail the move with the stop loss.
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.

Saturday, 30 October 2010

Bonds rise and Dollar slips

Amid prospects of more Federal Reserve monetary easing next week, Bonds rose and the Dollar slipped. This possibility coupled with the outcome of the US elections is likely to have some bearing on the major currency pairs.
Will be monitoring soon after Wednesday to identify trading opportunities.

Thursday, 28 October 2010

Royal Dutch Shell Plc looking good

A good earnings report from oil giant Royal Dutch Shell helped the UK FTSE 100 index rise this morning. Among regional indexes the U.K. FTSE 100 index was the best performer.
I will be monitoring Royal Dutch Shell stock in the next few days to place a buy order. The company has good fundamentals and technicals. There was a 88% rise in third-quarter profit for the stock as oil and gas production rose

Monday, 25 October 2010

U.S. dollar decline

Following the weekend meeting in South Korea during which the other G20 Finance ministers pledged to avoid devaluing their currencies, U.S. stocks rallied and the U.S. dollar declined. The dollar declined against all the other major currencies.
It remains to be seen how much further the dollar will decline in the next few days and weeks.

Sunday, 24 October 2010

EUR/CAD (Euro/Canadian) and EUR/GBP (Euro/British Pound)

I have placed 2 orders in the market to buy the following currency pairs at the following prices -
EUR/CAD - 14319.2 and EUR/GBP - 8898.0
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.

Monday, 18 October 2010

Brilliant profits today! - Google Inc and Apple Computer Inc

I have closed 2 of the trades I opened this morning.

The trades were closed (all for a very good profit!) at the following prices Google Inc - $617.64 ($16 profit per share!) and Apple Computer Inc - $317.91 ($3 profit per share!). Very positive trading results today.

Sunday, 17 October 2010

Google Inc, Amazon.com Inc and Apple Computer Inc

I have placed 3 orders in the market to buy the following US stocks at the following prices -
Google Inc - $601.49, Amazon.com Inc - $164.68 and Apple Computer Inc - $314.78 I have selected these stocks based on the analysis using my trading strategy. Will see how the trades progress in the next few days