dkbMARKETS - Trading and Investing in The Financial Markets

Hi. I am away till the 4th of May and will start blogging again from the 5th of May 2010. Happy trading and remember to stick to your trading plan and apply good money management to your trading.

There are quite a few reports due out today, see www.dailyfx.com/calendar . There are a few reports of HIGH importance due out in Europe at 8.30am and 9am. In USA, there is the USD Producer Price Index report and USD initial Jobless Claims report both due out at 1.30pm. Trade with care, sticking to your trading plan and applying good money management.

This is the 2Day 5Min Chart for GBP/USD The economic reports have been announced. The pending Buy order just above the 1st Resistance has been left in place at 15436. The pending Sell order has been moved to just below the Pivot point at 15360.

This is the 2Day 5Min Chart for GBP/USD The GBP Jobless Claims (unemployment report) and the GBP Bank of England meeting minutes are due out at 9.30am. Trade extremely cautiously before 9.30am. A pending Buy order has been placed just above the 1st Resistance at 15436 and a pending Sell order just below the 1st Support at 15289. These orders are well clear of the current sideways trend of the market.

This is the 2Day 5Min Chart for EUR/USD Reports of HIGH importance are due out at 9.30am. Trade extremely cautiously before 9.30am. A pending Buy order has been placed just above the Pivot point at 13465. A pending Sell order has not been placed yet because the market is trending sideways close to the 1st Support. A Sell opportunity will be decided after 9.30am.

NEW YORK (MarketWatch) -- The U.S. dollar extended gains versus the euro and other major currencies on Friday after stocks dropped following the Securities and Exchange Commission's allegations that Goldman Sachs defrauded investors. The U.S. currency had been solidly higher before the Goldman news as Greece was seen preparing to tap a standby-emergency-aid package from the European Union and International Monetary Fund. Keep up to date with the financial news because it affects the markets. Today's trades are below.

This is the 2Day 5Min Chart for EUR/USD There was a 'Gap Down' when the market opened yesterday at 9pm. The market is now trending sideways. A pending Buy order has been placed just above the Pivot point at 13518 and a pending Sell order just below the low of the market at 13444.