by Ramki | Oct 22, 2008 | GBP
The sharp sell-off in GBP/USD this morning was on the back of comments from Bank of England Governor Mr. Mervyn King that the UK was probably entering recession for the first time in 16 years. The high for Sterling yesterday 21 Oct was 1.7198. The low today (so far)...
by Ramki | Oct 21, 2008 | AUD
Traders often lose money when trying to squeeze additional profits during a complex correction. Wave theory is quite clear. Corrections tend to alternate between simple and complex patterns. Also, the market tends to correct a prior impulse wave both in time and...
by Ramki | Oct 21, 2008 | Inr
I have great respect for people who put in a lot of thought and come up with fundamental reasons why a certain move should take place. Thus, when I read a report from a leading (investment) bank that the Indian Rupee could reach 57 to the Dollar, I took the time to...
by Ramki | Oct 20, 2008 | Kuwait
The Kuwait Stock Index is approaching some short term objectives between 10500 and 10760. Expect a recovery to around 11500 as a first step, and later on to 12200. It is likely that this move will not be a simple and straight move as there are many badly bruised...
by Ramki | Oct 20, 2008 | Gold
Well, well. The decline in Gold from $931 down to $771 was quite a surprise to many traders, but you were forewarned of the impending sell-off. However, we are now faced with a situation. The speed of the decline is making me a bit nervous about staying short....
