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US Public Holiday - September 2010
Please be informed that due to US Holiday (Labour Day), market operation hours will be as follows:Market will close on Monday,6th September 2010, 17.00hrs (GMT) and will resume on Monday 6th September 2010, 22.00hrs (GMT). Winter Trading Hours - November 2010
Please note that the time in North America will revert back to Winter time on 7th November 2010 (Sunday).The Market opens on Sunday 23:00 GMT and ends at 21:30 GMT on Friday. NEW Hudson Global Capital Online Trading
General, 15th October 2008 (0930hrs GMT) - Hudson Global Capital has completed upgrading its current Etrade (internet trading platform) to a more robust, secure and faster system with an improved user interface. You will also enjoy better interactivity and enhanced reliability.Please take note of the following: - All existing Etrade online customers would have previously received a notification containing their new User ID by June 2007. Please feel free to email us at info@hudsongc.com or click to speak to our online Service Advisor for any further clarification on the migration process. - The current Etrade online trading portal will be decommissioned and taken out of production on 29th October 2008. - If you have opened your Etrade account after 19 August 2007, you will not be affected by this migration process as your account will be opened in the new system. - During this migration period, our helpdesk may experience an overwhelming volume of enquiries. If you have difficulty contacting through, please drop us an email and we will get back to you promptly. |
USDCAD: Collapses, Halts Upside Offensive
- 14:11 2010/09/04 USDCAD: The pair ended the week lower after an attempt on the upside failed the past week and pushed USDCAD to a low of 1.0384 on Friday. With that said, we think a follow through lower should see the pair weakening further towards the 1.0246 level, its Aug 19’10 low Weekly Technical Update: Greenback Weakened Post Non-Farm Payroll - 04:44 2010/09/04 The USD was in consolidation/ correction mode this week ahead of the NFP. This is in a sense the market's way of paring some overextended USD gains, but also offers a chance for the market to continue with greenback strength. There was some dollar strength immediately after the release, but USDJPY: Retains Its Broader Downside Bias - 00:56 2010/09/04 USDJPY: The pair continues to retain its broader downside bias as it looks to recapture its YTD low at 83.58 despite its price hesitation. A breach of there will open the door for more downside towards the 82.00 level, its psycho level with a cut through there aiming at the 81.00 level. EUR/GBP Developing a Double Top; Reward to Risk Assessment - 22:05 2010/09/03 The daily chart shows the EUR/GBP going up against a declining trendline. The market is reacting by pausing the rally at 50% retracement, 0.8350 level. Note the RSI is remaining under 60 for now and is turning lower. The 0.8400 area is 61.8% retracement, and is the resistance zone for AUDUSD: Maintains Above The 0.9078 Level - 20:05 2010/09/03 The pair remains biased to the upside having held firmly above the 0.9078 level. This has created scope for more upside towards the 0.9219 level. While this level may present a considerable resistance on initial test, we believe it should give way for a run towards its May 04'10 high Daily Forex Update: USD/CHF - 16:50 2010/09/03 The downtrend on the USD/CHF continues. Downtrends present three possible entry opportunities: continuation, correction, or reversal. Due to the downtrend's strength it's very likely that a continuation and/or a correction (also known as a Retracement) will occur. The decision to focus on more selling pressure comes primarily from the Channel Forex and Dow Jones Recommended Levels - 14:40 2010/09/03 EUR/USD Today's support: - 1.2735 and 1.2690(main), where correction is possible. Break would give 1.2677, where correction also may be. Then follows 1.2653. Break of the latter would result in 1.2626. If a strong impulse, we would see 1.2590. Continuation will give 1.2552. The Daily Forecaster: USDCHF - 10:46 2010/09/03 The 1.0186 resistance held well. Since then we have seen what could be considered the resumption of the downtrend but being in the early stages without strong momentum we still need to be mindful of an earlier deeper correction. To handle the downside first, we'll need price to remain below USD/JPY Continues Bearish Trend - 04:39 2010/09/03 Price action on USD/JPY (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has formed an approximate double-bottom low in the 83.60 price region. This occurs within the context of a strong and continuing downtrend extending from the early June high. This downtrend is currently still valid, despite Chart of the Day - USD/CAD - 02:08 2010/09/03 Price action on USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of a short-term |