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EUR/USD Weekly Outlook
05.07.2008 12:36
actionforex.com
EUR/USD's rise from 1.5302 extended further to as high as 1.5908 last week but reversed sharply on profit taking since then. The break of 1.5843 resistance suggested that consolidation from 1.6019 has already completed at 1.5302 and rise from there represents resumption of the medium term up trend. Hence, the...
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USD/JPY Weekly Outlook
05.07.2008 12:36
actionforex.com
USD/JPY dived further to as low as 104.98 last week but rebounded strongly on broad based dollar recovery, reaching as high as 106.93 so far. Initial bias is still mildly on the upside this week as corrective rise from 104.98 could still extend further. However, upside is expected to be...
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GBP/USD Weekly Outlook
05.07.2008 12:36
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Cable edged higher to 2.0006 last week but reversed following broad based dollar rebound. With an intraday top in place at 2.0006, more consolidation could be seen with risk mildly on the downside for deeper pull back. But still, downside should be contained well above 1.9586 support and bring another...
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USD/CHF Weekly Outlook
05.07.2008 12:36
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Despite edging lower to 1.0111, USD/CHF failed to sustain below 1.0147 support and rebounded strongly. With an intraday low in place, further rebound could be seen initially this week. Nevertheless, upside should be limited below 61.8% of 1.0539 to 1.0111 at 1.0376 and bring another fall. As discussed before, break...
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AUD/USD Weekly Outlook
05.07.2008 12:36
actionforex.com
AUD/USD made new 25 year high of 0.9667 last week but failed to sustain there and retreated sharply. Though, pull back should have completed at 0.9511. Having said that, initial bias remains on the up side this week as long as 0.9584 minor support holds. As discussed before, sustained trading...
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USD/CAD Weekly Outlook
05.07.2008 12:36
actionforex.com
USD/CAD strengthened mildly last week but lacked following through momentum yet. favor is still in the case that correction from 1.0322 has already completed at 1.0048 already. But a break of 1.0238 resistance is needed to confirm that rise from 1.0048 has resumed for retesting 1.0322 first. Break will bring...
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EUR/JPY Weekly Outlook
05.07.2008 12:36
actionforex.com
EUR/JPY continued to consolidate below record high of 169.46 last week without making any progress. Initial outlook remains neutral this week with risk mildly on the downside for another fall to complete the consolidation from 169.64. Still, downside should be contained by 165.27/31 cluster support (38.2% retracement of 158.60 to...
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GBP/JPY Weekly Outlook
05.07.2008 12:36
actionforex.com
GBP/JPY dipped further to 209.39 last week but turned into choppy sideway consolidation since then. The corrective nature of price actions from 209.39 argues that it's merely consolidation to the fall from 213.91 only. Also, as mentioned before, failure to sustain above 213.48 key medium term resistance, and bearish divergence...
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Weekly Review and Outlook: EUR/USD Pullback on Trichet, Fedspeaks ahead
05.07.2008 12:36
actionforex.com
Dollar staged a strong rebound last week, helped by ECB Trichet downplaying the chance of another rate hike from ECB after raising rates by 25bps to 4.25% on Thursday. But the biggest winner was indeed the Aussie which with respective crosses topping the top movers chart even though RBA was...
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Summary 7/7 - 7/11
05.07.2008 02:17
actionforex.com
Monday, Jul 7, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080707s'); Tuesday, Jul 8, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080708s'); Wednesday, Jul 9, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080709s'); Thursday, Jul 10, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080710s'); Friday, Jul 11, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080711s');
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