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Trade Idea Wrap-up: USD/CHF – Stand aside
Although the greenback fell again after intra-day brief recovery from 1.0350 to 1.0420/25, as said intra-day support has continued to hold, suggesting further consolidation would be seen and above said minor resistance would bring retracement to the Kijun-Sen (now at 1.0448), then to previous support at 1.0465, however, reckon the
Trade Idea Wrap-up: GBP/USD – Long entered at 1.5575 met target at 1.5680
The British pound rebounded in line with our expectation and our long position entered at 1.5575 met indicated upside target at 1.5680 (with 105 points profit), price is now testing the Ichimoku cloud top and although retracement of recent decline to 1.5712-14 (38.2% Fibonacci retracement of 1.5999 to 1.5535 and
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Trade Idea Update: USD/CHF – Sell at 1.0475
Despite intra-day brief drop to 1.0350, the quick rebound from there suggests consolidation would be seen and retracement to the Tenkan-Sen (now at 1.0433) cannot be ruled out, however, upside should be limited to 1.0465/75 and the Ichimoku cloud bottom (now at 1.0517) should hold, bring another decline.
Trade Idea Update: USD/JPY – Stand aside
As indicated in our previous update, the greenback has continued to move lower and dropped below the Ichimoku cloud bottom, suggesting the rebound from 84.72 has ended at 86.39 and consolidation with mild downside bias is seen for weakness towards 84.94 support, however, break there is needed to confirm early
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News: n-Space confirms 25% staff cuts
Floridian developer n-Space has been forced to lay off 25 per cent of its staff, amounting to around 100 employees, according to comments made by CEO Dan O'Leary.
Speaking to website Kotaku, O'Leary attributed the cuts to the delay of new, unannounced titles and the coincidental completion of several ongoing projects at once.
"A lot of good people got caught up in bad timing, despite unbelievable results from my entire team. But we've got lots of great things ahead," said O'Leary.
News: Codemasters signs up with Get Games
Codemasters has revealed that it has signed up with PC download service Get Games, with key titles from the publisher's portfolio being added to the platform.
Among the games included in the deal are the Colin McRae Rally series, Operation Flashpoint: Cold War Crisis and both Overlord titles.
Get Games is a joint venture between Mastertronic MD Andy Payne and Eurogamer, and relaunched its website last week.