ForexPros Daily Analysis May 03, 2011
Cable Lower As UK Manufacturing PMI Drops
Cable trades sharply lower after UK PMI Manufacturing numbers fell to 54.6 in Apr from 56.7 in Mar. On the intra-day basis we see possible impulsive decline underway, which in this case means that temporary highs are in place. However, its very early in the day, so still plenty of time for a possible change.. But if we see a daily close price around current levels or even below 1.6430 support, then reversal should be confirmed..
Remember, the price at the end of the day is awlays the most important for further dirrection!
---
Forex Trading analysis written by Gregor Horvat for Forexpros.
---
New on Forexpros, the Forex Volatility Calculator!
---
Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.
Please visit our sponsors
Results 1 to 1 of 1
-
03-05-2011, 11:48 AM #1
- Join Date
- Nov 2009
- Posts
- 199
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Forexpros Daily Analysis - 03/05/2011
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.