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Updated: 38 min 23 sec ago

Meteor Shower Tonight Delays Gambling At Casinos Throughout US

Mon, 08/16/2010 - 13:01
The Perseid Meteor Shower tonight interrupted gambling at casinos throughout the US and the spectacle is expected to be a distraction through Saturday

European Markets Retreat After Japan's Growth Pace Slowed

Mon, 08/16/2010 - 12:52
European markets plunged by the start of this week's trading session, recording the biggest slump in nearly four-weeks, affected by the release of reports from major economies from around the world, showing that economic recovery is losing steam.

USD/JPY Technical Analysis 16 August 2010

Mon, 08/16/2010 - 12:51
On Friday Dollar/Yen increased, recovering from the morning's losses, in line with the positive Interbank sentiment at nearly +20%. The currency couple appreciated from 85.60 to 86.37 on Friday, closing the week at 86.15. Today downward trend has resumed. On the 1 hour the downward channel is on hold, and on the 3 hour chart quotes are testing the upper limit of the the downward channel. Break above Friday's top and nearest resistance 86.37 would support further recovery of the Dollar. Immediat...

News: Respawn denies Bethesda collaboration

Mon, 08/16/2010 - 12:43

The presence of Jason West and Vince Zampella at last weekend's QuakeCon event does not imply that the pair are collaborating with ZeniMax Media or any of its studios, according to Bethesda Game Studios' Todd Howard.

Present at the event, sister site Eurogamer asked Howard whether anything should be read into the attendance of West and Zampella - as they represented their new studio Respawn Entertainment on a panel entitled "Building Blockbusters". Howard answered simply: "No, you shouldn't".

"The Respawn guys... They're doing their game and I think EA is publishing it," he added. "But we've been friends with them for a long time. Tim and I know Vince and Jason pretty well and we thought that that would make a cool panel."

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News: EA under fire over MoH multi-player

Mon, 08/16/2010 - 12:34

Electronic Arts has come under fire over its decision to use the current war in Afghanistan as the location for its forthcoming Medal of Honor title, in particular the multi-player elements that allow gamers to play the part of the Taliban.

One commentator on Fox News over the weekend, the mother of a soldier killed in the conflict, explained that she felt the move was "disrespectful," while some game critics have already voiced their unease at the move.

"We've just come off of the worst month of casualties in the whole war, and this game is going to be released in October - so families who are burying their children are going to be seeing this, and playing this game," said Karen Meredith.

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Trade Idea: EUR/JPY – Sell at 111.00

Mon, 08/16/2010 - 12:06

Despite intra-day fall to 109.25, as the single currency has recovered after holding above last week’s low at 109.23, suggesting further consolidation within 109.23-111.12 would take place before prospect of another decline.

News: DICE collaborating with Criterion on Need For Speed

Mon, 08/16/2010 - 11:58

Battlefield developer DICE is collaborating with Criterion Games on the forthcoming Need for Speed: Hot Pursuit, according to the latest preview information.

Speaking to Eurogamer's Digital Foundry, Criterion staff indicated that the large in-game map was the initial catalyst for contacting DICE, whose 200-strong Swedish studio dwarves the smaller Guildford-based Criterion.

"We designed the world here, handling guys and the world artists worked together to make sure the game world drives well and feels right, said Criterion senior engineer Alex Fry.

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News: Get Games: Steam's success is an "opportunity"

Mon, 08/16/2010 - 11:30

While the success of Valve's PC and Mac digital download platform, Steam, is estimated to take a significant chunk of the total market - with some commentators estimating as much as a 75 per cent stake - that success has given other site such as Get Games an "opportunity" as increasing numbers of gamers become comfortable with the process.

That's according to MD Andy Payne, who acknowledged that content creators were finding it more difficult to place games onto the service now as Valve was able to pick and choose more carefully.

"It is getting much harder - and if we do our job, then some time in the future, we'll be in exactly the same position," he said, and agreed that potentially that could push some people to look for alternatives - such as Get Games.

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Breakout Signal for EUR/USD from RebateFX

Mon, 08/16/2010 - 11:14
EUR/USD Buy @1.2854 SL1.2785 TP1.2904 Sell @1.2785 SL1.2854 TP1.2735

World Series Of Poker Main Event Update: Chan And Mizrachi Alive

Mon, 08/16/2010 - 11:01
Johnny Chan has already won two World Series of Poker main event titles, and with only 235 players left this year, Chan is again in position to reach the final table.

AUD/USD Bears gathering strenght

Mon, 08/16/2010 - 10:34
Trading Scenario: We mentioned in our earlier analysis that 0.9030 could be a potential selling opportunity targeting 0.9025 & 0.8850. AUDUSD extended to downside from 0.9033 to 0.8925 initially and today it has hit the support 0.8855 which we mentioned and bouned off that level. It is now currently trading at 0.8930 which is our initial resistance on this pair.

Technical Analysis for Crosses

Mon, 08/16/2010 - 10:14
The positive crossover, which is appearing on Stochastic of the daily basis alongside the strong support-uptrend line- which is carrying the bullish movements from 126.70 argue us to say that the ascending channel could take the pair towards 'D2'- the second potential reversal zones- of the bearish harmonic AB=CD pattern.

Majors Daily Forecast 16 August 2010

Mon, 08/16/2010 - 09:50
EUR/USD Buy at 1.2771 SL 1.2739 TP 1.2848 USD/JPY Buy at 85.80 SL 85.48 TP 86.52 GBP/USD Buy at 1.5571 SL 1.5539 TP 1.5659 USD/CHF Sell at 1.0520 SL 1.0552 TP 1.0436

Trade Idea: GBP/USD – Buy at 1.5575

Mon, 08/16/2010 - 09:46

Although cable resumed recent decline to 1.5535 this morning, as suggested in our previous update that loss of downward momentum would prevent sharp fall and price has rebounded from 1.5535, indicating a temporary low has possibly been formed and consolidation with mild upside bias is seen for retracement to 1.5678-80

EUR/USD Daily Outlook

Mon, 08/16/2010 - 09:42
EUR/USD dips further to 1.2733 today and at this point, intraday bias remains on the downside for further fall. Break of 1.2731 support will indicate that whole rebound rom 1.1875 is completed and will bring deeper decline to 1.2466 support next. On the upside, above 1.2907 minor resistance will turn

EUR/USD - Daily trading Signals 16/08/2010 AutotradingFX

Mon, 08/16/2010 - 09:40
Buy @: 1.2822 TP Buy @: 1.2847, 1.2858, 1.2872 SL Buy @: 1.2772

EUR/USD Trading Strategy - Sell into Rallies!

Mon, 08/16/2010 - 08:55
Trading Scenario: As we look into charts this week, EURUSD made a huge drop last week from 1.3333 to 1.2734. We have got a huge bearish engulfing candle on weekly charts, which engulfed 3 weeks price action. EURUSD is now bouncing off the key support level at 1.2740.

CURRENCY TRADING SUMMARY - 16th August

Mon, 08/16/2010 - 08:29
U.S. Dollar Trading (USD) had a good day striving in the risk off environment. USD/JPY short covering and more Eurozone concerns helped push the Dollar to day highs. July Retail Sales was Slightly weaker at 0.4% vs. 0.5% forecast and US CPI increased 0.3%. In US stocks, DJIA -16 points closing at 10317, S&P -4 points closing at 1079 and NASDAQ -16 points closing at 2173. Looking ahead, NY FED Manufacturing is forecast at 8 vs. 5 previously.