Forex Bull

China Eastern Airlines, one of the country’s largest carriers, said it faces a “significant loss” for 2008 after fuel price hedges turned bad to the tune of 6.2 billion yuan .

Student?s Question: I have been utilizing RSI on my demo account for the past month and understood above 70 and below 30 meanings. Instead of looking for the line to cross 70 as a signal to buy or cross 30 to sell, I was doing the opposite.

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Identifying Trades with DailyFX 01.12.09 (Daily FX)

The US Dollar moved higher against the Euro and the British Pound while stock markets dropped in Asian trading, replaying the risk aversion dynamic that ruled the markets prior to mid-December.

Mon, 12th of January, 2009 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD failed to maintain it’s bullish correction momentum on Friday. The pair bottomed at 1.3414 and closed at 1.3472 . The minor bullish channel on hourly chart has been violated to the downside

The British Pound has added 3.61% against the US Dollar to date this month, but technical positioning suggests the upswing may be running out of stem. GBPUSD traded up to resistance at a downward-sloping trend line connecting major swing highs since late October and put in a bearish Star candlestick, hinting at the possibility of a forming top.

Writing in our weekly technical outlook report, we noted that the Euro was likely to see near-term gains against the US Dollar to re-test support-turned-resistance at the bottom of the range from late December in the 1.3823-1.3910 area.

- Barron’s cover story is the 2009 roundtable. One notable comment comes from PIMCO’s Bill Gross, who says ‘We were all children of the bull market, but the bull market is over. Deleveraging will become the context for the next five to 10 years.