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Updated: 55 min 33 sec ago

Trade Idea Update: USD/CHF – Sell at 1.0465

Wed, 08/18/2010 - 15:51

Dollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300, then 1.0288 (1.618 times projection of 1.0630 to 1.0465 measuring from 1.0555).

GBP/JPY Mid-Day Outlook

Wed, 08/18/2010 - 15:49
GBP/JPY's strong rebound from 132.43 dampens the immediate bearish view and suggests that a temporary low is in place. Bias is turned neutral and some recovery could be seen. Nevertheless, upside should be limited below 135.44 resistance and bring another fall. Below 132.43 will target 130.82 support next. Decisive break

USD/JPY Mid-Day Outlook

Wed, 08/18/2010 - 15:39
Intraday bias USD/JPY remains neutral for the moment as it's still stuck in range of 84.71/86.36. As noted before, recent development suggests that USD/JPY's decline is still in progress for another low below 84.71. Sustained break there will confirm long term down trend resumption for 80 psychological level next. Though,

Trade Idea Update: USD/JPY – Sell at 85.95

Wed, 08/18/2010 - 15:37

Despite dollar’s retreat versus euro and sterling, price has traded narrowly partly due to cross-trading in Japanese yen and further consolidation would take place. As suggested in our previous update that the retreat from 85.69 needs to penetrate support at 85.11 to extend the fall from 86.39 to 84.94 and

Atlantic City Gambling Revenue Continues To Drop This Summer

Wed, 08/18/2010 - 15:00
The end does not seem anywhere in sight for casinos in Atlantic City. In July, casino gambling revenue was down five percent from the same period a year earlier.

WSOP Main Event Update: Final Eleven Players Fight For Final Table

Wed, 08/18/2010 - 15:00
There are now just eleven players left in this year's World Series of Poker main event, and play continues tonight until the November Nine has been determined.

WSOP Main Event Update: Gamblers Come Out In Force

Wed, 08/18/2010 - 14:00
The 2010 World Series of Poker main event will go down as the second biggest main event ever, with over 7,300 gamblers entered. The 2006 main event is the only tournament that attracted more players.

AUD/USD Elliott Wave Analysis

Wed, 08/18/2010 - 13:47

Although the Australian dollar has recovered after this week’s fall to 0.8558, if our view that a top has been formed at 0.9223 earlier is correct, upside should be limited to 0.9130/40 and said resistance should continue to hold, bring another retreat later. Below said support at 0.8858 (exactly 61.8%

BOE Voted 8-1 To Leave Policy Unchanged

Wed, 08/18/2010 - 13:35
At BOE's minutes for the August meeting, committee members voted 8-1 to maintain the bank rate unchanged at 0.5% and the asset purchase program at 200B pound. Although inflation has overshot the central bank's upper threshold, it will drop below the 2% target in 2 years' time, thereby reducing the

Currency Crosses Pairs Analysis

Wed, 08/18/2010 - 13:33
EUR/GBP Regarding longer term the price is testing new minimums and be aware that the price it is located at the noise level.It seems that the price gave the bearish wave a rest and right now the price it is building resistance lines.We will see if this rebound it is

California Expanding Problem Gambling Help At State Poker Rooms

Wed, 08/18/2010 - 13:01
California is using advanced technology to help problem gamblers stay out of the casinos where their addiction is fueled. The state will now have a database where casino employees can check customers against a self-exclusion list.

News: Guerrilla Games MD unveils new IP plans

Wed, 08/18/2010 - 12:55

Hermen Hulst, MD of Killzone developer Guerrilla Games, has revealed that the studio is working on a brand new IP for the PlayStation 3.

He announced the news at the end of his keynote speech at GDC Europe, during which he'd also spoken at length about the history of the Dutch studio and the origins of the Killzone franchise, reports Gamasutra.

He gave no specific details on the new game, but did reveal that the studio is expanding and restructuring to take on the project, adding that it was a "game with a scope and a level of ambition that once again makes us nervous".

Read more...

News: Activision plans Dundee recruitment event

Wed, 08/18/2010 - 12:13

Activision and Specialmove have announced a recruitment event in Dundee at the end of this week, aimed at attracting staff from Realtime Worlds, which entered administration yesterday.

The event begins on Thursday at 6pm with a presentations on the publishers various studios and vacancies, with networking to follow; while one-on-one interviews will be carried out on Friday with selected applicants.

"We're looking forward to the opportunity to chat to you about the Activision independent studio model, our teams and latest projects," said Chris Lee, VP of of European studios at Activision. "We understand it's a difficult time for everyone involved and hope we're able to provide some support and opportunity to anyone keen to consider roles with Activision."

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Gilbert Trusting Ohio Casinos To Harrah's Entertainment

Wed, 08/18/2010 - 12:02
Dan Gilbert may have lost in his bid to re-sign LeBron James, but he has won the battle to bring casinos to Cleveland and Cincinnati. Now it appears Gilbert has found a business partner in Harrah's Entertainment.

News: Digital Extremes to develop Homefront PC

Wed, 08/18/2010 - 12:00

THQ has revealed the identity of the developer taking on the PC version of Homefront as Canada-based Digital Extremes.

The team will work with Kaos Studios - the developer working on the console versions - and the publisher is hoping that a specific PC developer will send a strong positive message to gamers on that platform after a string of high profile shooters in the past year that have considered it secondary to the Xbox 360 and PlayStation 3.

Digital Extremes is expecting to ship the in the same timeframe as the console version - early calendar 2011 - and plans to add a host of additional features and options for the platform's multi-player element.

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Trade Idea: AUD/USD – Buy at 0.8950

Wed, 08/18/2010 - 11:42

Although the Australian dollar retreated after rising to 0.9080 yesterday and consolidation would take place, as low has been formed at 0.8858, downside should be limited to 0.8945/50 and bring another rebound. A firm breach of said resistance at 0.8980 would extend gain towards 0.9000, however, price should falter well

EUR/GBP Daily Outlook

Wed, 08/18/2010 - 11:33
EUR/GBP's recovery from 0.8173 could still extend further. But after all, upside is expected to be limited below 0.8361 resistance and bring another fall. Below 0.8173 will target 0.8067 low and then 0.8 psychological level (100% projection of 0.9799 to 0.8399 from 0.9410 at 0.8010). However, break of 0.8361 will

GBP/USD Technical Analysis 18 August 2010

Wed, 08/18/2010 - 10:50
On Tuesday Pound/Dollar resumed descending, in converse with the positive Interbank sentiment at nearly +15%. The Cable depreciated from 1.5692 to 1.5557 yesterday, closing the day at 1.5585. Today the bears are pushing further down, extending the dropping to 1.5498 for now. On the 1 hour chart the downward channel is renewed, while on the 3 hour chart the upward channel was broken downwards. First resistance is yesterday's peak at 1.5692. Break above it should extend the bullish movement furthe...

World Series Of Poker Day Two Update: Assouline Leads

Wed, 08/18/2010 - 10:01
The World Series of Poker main event day twos are just about complete, and David Assouline is the chip leader on day 2B after a full day of poker play.