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Rising Oil Puts Australian Trade Balance Back in Deficit
03.07.2008 04:28
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Australia's trade gap widened more than economists expected, showing a shortfall of -A$965 million versus a narrow A$12 million surplus in the preceding month. The deterioration was driven by a 6% jump in imports. Fuel imports led the rise, gaining a whopping 17% as oil prices continued to soar. Imports...
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Technical Analysis Daily: EUR/USD
03.07.2008 04:27
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The Euro climbed yesterday against the US Dollar from yesterday's bottom 1.5780 to the top 1.5891, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.5950, followed by 1.6000. In downward direction next support for...
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Euro Open: Will An ECB Rate Hike Take Euro To 1.60?
03.07.2008 04:27
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A busy calendar promises volatility as a slew of significant releases culminates in a closely-watched ECB interest rate announcement. Things will start off with the UK's June HBOS House Price Index. Earlier in the week, we saw Nationwide House Prices fall -6.3% in the year to June extending losses from...
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E-commerce
Rising Oil Puts Australian Trade Balance Back in Deficit
03.07.2008 04:27
actionforex.com
Australia's trade gap widened more than economists expected, showing a shortfall of -A$965 million versus a narrow A$12 million surplus in the preceding month. The deterioration was driven by a 6% jump in imports. Fuel imports led the rise, gaining a whopping 17% as oil prices continued to soar. Imports...
World
E-commerce
Euro Open: Will An ECB Rate Hike Take Euro To 1.60?
03.07.2008 04:27
actionforex.com
A busy calendar promises volatility as a slew of significant releases culminates in a closely-watched ECB interest rate announcement. Things will start off with the UK's June HBOS House Price Index. Earlier in the week, we saw Nationwide House Prices fall -6.3% in the year to June extending losses from...
World
E-commerce
FX Overnight Briefing
03.07.2008 04:27
actionforex.com
Australia's trade balance returned to a deficit in May, after the first surplus in six years in April, as oil imports rose. The trade shortfall was AUD 965 million compared with a revised AUD 12 million surplus in April, the statistics bureau said in Sydney today. The median estimate of...
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FX Overnight Briefing
03.07.2008 04:27
actionforex.com
Australia's trade balance returned to a deficit in May, after the first surplus in six years in April, as oil imports rose. The trade shortfall was AUD 965 million compared with a revised AUD 12 million surplus in April, the statistics bureau said in Sydney today. The median estimate of...
World
E-commerce
Asian Market Update
03.07.2008 04:27
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The USD remains under pressure ahead of tomorrow's ECB meeting and U.S. jobs data. Chartists point out that USD index closed the New York session below an important support level at 72.10. The KRW gained sharply after verbal intervention by Korean authorities, while AUD/USD hovers close to a record high...
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European, US Markets Face Volatile Day On ECB Rate Decision, US NFPs
03.07.2008 04:27
actionforex.com
A bullish run saw the EUR/USD break above resistance at 1.58, opening the door for the pair to target the record highs above 1.60. Looking ahead, EUR/USD faces two mammoth releases: the ECB Rate Decision and US Non-Farm Payrolls. Given current expectations, the news should allow the pair to further...
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How To Trade Non-Farm Payrolls
03.07.2008 04:27
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The US dollar has weakened ahead of the June non-farm payrolls report. According to payroll provider ADP and Challenger Gray and Christmas, the US labor market deteriorated significantly last month. ADP reported a 79k drop in payrolls while Challenger reported a more than 46 percent increase in layoffs. There is...
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The Daily Forecaster: EURUSD
03.07.2008 04:27
actionforex.com
The beginning of Wave v was a bit messy so it's rather difficult to judge whether we'll see any pullback. I suspect we will and note support around the 50% retracement at 1.5805 and as far down as a 76.4% retracement at 1.5785.
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Asian Market Update
03.07.2008 04:27
actionforex.com
The USD remains under pressure ahead of tomorrow's ECB meeting and U.S. jobs data. Chartists point out that USD index closed the New York session below an important support level at 72.10. The KRW gained sharply after verbal intervention by Korean authorities, while AUD/USD hovers close to a record high...
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FX Technical Commentary
03.07.2008 04:27
actionforex.com
Euro 1.5880 Initial support at 1.5720 (June 27 low) followed by 1.5628 (June 26 low). Initial resistance is now located 1.5943 (channel top) at followed by 1.6019 (April 22 high).
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European, US Markets Face Volatile Day On ECB Rate Decision, US NFPs
03.07.2008 04:27
actionforex.com
A bullish run saw the EUR/USD break above resistance at 1.58, opening the door for the pair to target the record highs above 1.60. Looking ahead, EUR/USD faces two mammoth releases: the ECB Rate Decision and US Non-Farm Payrolls. Given current expectations, the news should allow the pair to further...
World
E-commerce
US ADP Sounds Jobs Warning, Crude Oil Spikes Higher
03.07.2008 04:27
actionforex.com
U.S. Dollar Trading (USD) was unable to sustain a mild bounce during the European session with markets reacting to a surprisingly negative ADP jobs report of -79K change in June. Forecasts of much more modest -20K have lead to concerns that June's Nonfarm Payrolls initially expected at -60K could come...
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