Free Morning Signals - Market outlook

[gmgfx.com]

The economic data will be very limited over the first half of the week with the markets taking stall after the dollar losses on Friday despite a strong US employment report. Markets will also be looking ahead to the Friday trade data. The yield considerations will still offer dollar support even if there is little incentive for aggressive buying. Optimism over the Japanese economy is likely to increase further in the near term.

· Sell EUR/US$ at 1.3250 target 1.3180.

· Keep short EUR/AUD positions from 1.6570 target 1.6450.

· Maintain any long US$/CAD positions target 1.2490.

· Maintain short AUD/US$ from 0.7910 target 0.7850.

· Possibly sell GBP/US$ at 1.9250 target 1.9180.

[TrendlineBreak]

Possibly sell GBP/US$ at 1.9250 target 1.9180.

Don't understand what this means, or is it political speak.

[gmgfx.com]

By the time our signals has been released here, GBPUSD was already in the 1.9220 area. So I suggested we would consider short if 1.9250 is seen again, as a more safe level to short from. Sorry for the inconvenience.

[arjie]

Hi
Do you post ur signals on moneytec only.. or you have a MSN service to call your signal. because by the time i check this foram most of the entry points are gone

[gmgfx.com]

Early market update 08-03-05

Fresh market incentives will remain limited during Tuesday with no major economic data. The markets will continue to fret over the US trade deficit, especially ahead of the Friday figures, but will also be keeping a close eye on interest rate differentials. The Euro is likely to hit further selling interest close to the 1.3250 level, but the dollar will struggle to capitalise. The dollar should gain some initial support against the yen, but struggle to way significant headway.

Recommendations updates

Reinstate short EUR/US$ positions at 1.3235 target 1.3185.
Keep short EUR/AUD positions from 1.6570 target 1.6450.
Maintain any long US$/CAD positions target 1.2490.
Maintain short AUD/US$ from 0.7910 target 0.7855.
sell GBP/US$ at 1.9160 target 1.9125.
Maintain long EUR/CHF positions target 1.5550 with 1.5510 stop loss or reinstate at 1.5480 if long positions already closed.

[gmgfx.com]

Arjie, we only post here our free morning recommendation. If you require live signals for entry and exit then I advice you to visit us. We're giving our live signals for free as well.

[Foraxol]

Originally Posted by gmgfx.com

· Maintain short AUD/US$ from 0.7910 target 0.7850.

Hello sir!

Aud/Usd is at the momment at 0.7967
Do you still mantain your target to 0.7850? It's more than 100 pips low.

Best regards

Foraxol

[gmgfx.com]

Foraxol, Thanks for your comment.
Our morning outlook that is published here is only updated once aday, between 5-6am GMT. We hope it's understood that it is our market perspective at this exact time. It's past 6 hours now. our actual intraday signals is updated 6 times a day. Admittedly the market today as empty of economic events has found some interests in selling the dollar. Thanks for following up.