Samuel Tay
Grentone Capital Management
EUR/USD Daily as of April 29th, 2013
Resistance Levels:
1.3400
1.3300
1.3200
1.3125
Support Levels:
1.3000
1.2965
1.2883
1) Grentone Inc (a trading name of Grentone Capital Management (NZ Ltd) is not a broker-dealer. Grentone Inc is in the business of traders education and training. Grentone Inc's products and services are delivered through the internet and in person. For the purpose of education, Grentone Inc offers a virtual trading environment, where a community through which are independent traders (subscribers), as well as OkaFX (a trading name of Esteem Financials (AUS) Pty Ltd), observes the virtual trading environment 2) OkaFX (a trading name of Esteem Financials Pty Ltd) is a Registered ASIC Broker-Dealer and licensed under the Australian Financial Services Licence No. 400364. All trading and assessments conducted by Grentone Inc and Grentone Capital Management (NZ) Ltd are done through OkaFX. 3) All illustrations and presentations made to you by Grentone Inc are for the purpose of education only. All information present must never be, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell any investment products. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Recommended Content
Editors’ Picks
EUR/USD consolidates weekly gains above 1.1150
EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains
GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains.
Gold extends rally to new record-high above $2,610
Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.
Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap
SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.