GBP/USD Pair @ 11.00 am (Malaysia)

Trading Range Is Between 1.4580 to 1.4779

BUY Area - 1.4655 (First Target : 1.4779. Next : 1.4839)

If break 1.4779 candle may test 1.5000 area. It depend if Initial support hold at 1.4580 area. InsyaAllah.

Sell Area - 1.4617 (First Target : 1.4580)

If break 1.4580 candle may drop furthur at 1.4443)

Allah HU

From Market Oracle For You, please read:

Funding the Fund with Gold.

The G20 announcement of tripling IMF resources to $750 billion offered an extra boost for equity markets and higher yielding currencies at the expense of further damage in the dollar and the yen. The G20 confirmed our predictions that central banks will incorporate gold sales to finance assistance for lower income nations. Central banks gold selling would also help stabilize any renewed selling in the greenback and prevent any unwanted appreciation in other currencies.

With US jobless claims at fresh 27-year high of 669K and continuing claims at a record 5.73 million, it is a reminder that macroeconomic deterioration in the US is far from having reached its trough. Even if Friday's March jobs report from the US shows further stabilization on the payrolls front (as did the last 3 reports), the US unemployment rate is likely to exceed 8.1%, thereby, surpassing that of the Eurozone and Germany , a development that could not be imagined just a few months ago by the classic critics of the Eurozone model. And with US consumer credit delinquencies in Q4 surging to an all time high, the deleveraging process within US households relative to that of the Eurozone is another dynamic supporting medium term stabilization in the single currency.

Allah Hu.