United World Capital Forex Trading

Monday, June 29, 2009

UNITED WOLRD CAPITAL Eurozone: The Contraction of Retail Sales for the 13th Month in a Row

The Bloomberg Retail PMI showed a slight improvement, but still it could not lift the sector from contraction to expansion as the indicator is below 50 which refer to another decline and contraction in retail sales that the consumer plays a major role in determining its trend. . UWCFX

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[Source: Eurozone: The Contraction of Retail Sales for the 13th Month in a Row]

UNITED WOLRD CAPITAL Australian Dollar Down After Chinese Comments

The Australian dollar, often referred as the Aussie, fell for the first time in 5 days against the U.S. dollar and other currencies after China’s comments indicating that the greenback will continue to be the main world reserve currency, damping demand for the Australian dollar high-yielding profile.(...)Read the rest of Australian Dollar Down After Chinese Comments (173 words)
Posted on Forex News.. UWCFX

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[Source: Australian Dollar Down After Chinese Comments]

UNITED WOLRD CAPITAL Currency Technical Report

Euro moved sideways for the most of the day yesterday between 1,3900 and 1,4000. Later an upward reaction was formed and resistance at 1,3970-80 was breached and turned into a support. The rise today was resumed to 1,4050-60, where bears gained momentum and support at 1,3980-00 is likely to be.... UWCFX

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[Source: Currency Technical Report]

Sunday, June 28, 2009

UNITED WOLRD CAPITAL Moving Average Convergence Divergence

MACD, which stands for Moving Average Convergence Divergence, is a trend-following momentum.... UWCFX

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[Source: Moving Average Convergence Divergence]

UNITED WOLRD CAPITAL Dollar Declines on China Alternative Reseve Currency Demand

The Dollar ended the week losing against several major currencies after China declared this Friday that a supranational currency should be created for regulating international trade, damping demand for the greenback, which is currently the world main reserve currency.(...)Read the rest of Dollar Declines on China Alternative Reseve Currency Demand (172 words)
Posted on Forex News.. UWCFX

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[Source: Dollar Declines on China Alternative Reseve Currency Demand]

UNITED WOLRD CAPITAL Chart Of The Day: EUR/JPY

EUR/JPY, a daily chart of which is shown, has been consolidating right underneath the key 135.00 support/resistance level for the last week and a half, while still respecting a parallel uptrend channel that has been in place since late April. On a longer-term basis, a strong uptrend actually extends all.... UWCFX

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[Source: Chart Of The Day: EUR/JPY]

Tuesday, June 23, 2009

UNITED WOLRD CAPITAL USD Rally Forcefully Rejected Today

The GBP rally ended with a bang today after yesterday's reversal on very weak performance in bank stocks. It seemed the market was looking for an excuse to get out of the overbought currency , as credit for the GBP sell-off today was credit to the BoE's Dale's comments that.... UWCFX

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[Source: USD Rally Forcefully Rejected Today]