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Trade Idea Update: USD/CHF – Sell at 1.0465
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
USD/JPY Mid-Day Outlook
Trade Idea Update: USD/JPY – Sell at 85.95
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
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AUD/USD Elliott Wave Analysis
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%
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News: Guerrilla Games MD unveils new IP plans
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".
News: Activision plans Dundee recruitment event
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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News: Digital Extremes to develop Homefront PC
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.
Trade Idea: AUD/USD – Buy at 0.8950
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