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Summary 5/3 / 5/7
01.05.2010 02:18
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Monday, May 3, 2010 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20100503s'); Tuesday, May 4, 2010 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20100504s'); Wednesday, May 5, 2010 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20100505s'); Thursday, May 6, 2010 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20100506s'); Friday, May 7, 2010 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20100507s');
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Weekly Economic and Financial Commentary
01.05.2010 02:18
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Real GDP grew at a 3.2 percent annual rate, as strong growth in consumer spending and inventory rebuilding contributed the bulk of the improvement during the quarter. Business fixed investment was supported by equipment and software spending, while weakness in structures continued. Government outlays were a mixed picture, with federal...
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FX Strategy Weekly
01.05.2010 00:18
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Short speculative GBP positions have been cut back over the last four weeks, but overall are still well above historical norms. This leaves scope for an (extensive) short squeeze if the Labour party is defeated next week Thursday, with the biggest move potentially earmarked for GBP/JPY depending on equity market...
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Weekly Technical Update: A Week of Consolidation
01.05.2010 00:18
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This market was in a broad based consolidation. Even cross pairs created from the weakest paired with the stronger currencies such as EUR/CAD is finding bottoms. In these periods, it is important to follow the structure of the consolidation. It is also important to be patient in dealing with consolidations...
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The Week Ahead
01.05.2010 00:18
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The month of May looks set to start with an eventful week that may generate significant volatility. (N.B.: Monday is a bank holiday in London.) First up, on Sunday, the EU has scheduled a press conference at which the final details of the Greek aid package are expected to be...
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Rumored Bailout for Greece Supports Euro
01.05.2010 00:18
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The dollar closed mixed versus its counterparts on Friday. Greek default risks eased and reports showed that federal prosecutors are weighing criminal fraud charges against Goldman Sachs. US Q1 2010 GDP rose at a 3.2% annualized pace, in line with expectations. Stronger-than-expected private consumption and business investment bode well for...
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USDJPY: Signs Of Price Exhaustion On The Horizon
01.05.2010 00:17
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USDJPY preserves most of its recovery gains activated from the 84.80 level, its Nov'10 low but its weekly and daily price charts show some forms of price exhaustion as the week ended on Friday. The weekly chart (not shown here) shows the inability (ahead of key resistance) of the pair...
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