actionforex.com
EUR/USD Weekly Outlook
12.07.2008 11:15
actionforex.com
Despite edging lower initially EUR/USD's correction from 1.5908 finished at 1.5611 last week and resumed rally towards the end of the week by taking out 1.5908 resistance and reached as high as 1.5945 so far. As discussed before, consolidation from 1.6019 should have completed at 1.5302 and rise from there...
World
E-commerce
USD/JPY Weekly Outlook
12.07.2008 11:15
actionforex.com
USD/JPY's sharp fall on Friday and break of 106.25 support indicates that rebound from 104.98 should have completed at 107.75 already. Intraday bias is turned to the downside for retesting this 104.98 low first. Break will confirm that whole decline from 108.58 has resumed and will target 00% projection of...
World
E-commerce
GBP/USD Weekly Outlook
12.07.2008 11:15
actionforex.com
Cable's pullback from 2.0006 was contained at 1.9647, above mentioned 1.9586 support as expected and subsequent strong rebound indicates that such correction has completed. Initial bias is on the upside this week for testing 2.0006 resistance first and break will confirm rise from 1.9408 has resumed. As discussed before, rise...
World
E-commerce
USD/CHF Weekly Outlook
12.07.2008 11:15
actionforex.com
USD/CHF's rebound from 1.0111 was limited at 1.0352, below mentioned 61.8% of 1.0539 to 1.0111 at 1.0376 as expected and subsequent sharp fall indicates that such rebound has already completed. Initial bias is on the downside this week for testing 1.0111 low. As discussed before, prior break of short term...
World
E-commerce
AUD/USD Weekly Outlook
12.07.2008 11:15
actionforex.com
AUD/USD's correction from 0.9667 finished with three waves down to 0.9475 last week and resumed medium term rally since then, making new 25 year high at 0.9716. Initial bias remains on the upside this week for further rally but note near term trend line resistance at 0.9730 which could limit...
World
E-commerce
USD/CAD Weekly Outlook
12.07.2008 11:15
actionforex.com
USD/CAD had a wild session on Friday but the break of 1.0076 minor low towards the end of the session negated prior bullish call and indicates fall from 1.0238 is probably still in progress. The near term picture is mixed as the choppy consolidative trading continues and we'd rather focus...
World
E-commerce
EUR/JPY Weekly Outlook
12.07.2008 10:14
actionforex.com
EUR/JPY breaks out of consolidation last week and resumed rise from 151.71 to new record high of 169.62. Initial bias remains on the upside as long as 168.12 minor support holds and further rally should be seen to test 170 psychological resistance first. Break will bring rally to next near...
World
E-commerce
GBP/JPY Weekly Outlook
12.07.2008 10:14
actionforex.com
Despite various attempts to break out on both sides, GBP/JPY is still bounded in choppy sideway consolidation between 209.39 and 212.32. Nevertheless, with the corrective nature of price actions from 209.39, outlook remains unchanged. Sideway trading from 209.39 should be consolidation to fall from 213.91 only. As mentioned before, failure...
World
E-commerce
Weekly Review and Outlook: Dollar Sold off on GSE Worries, Euro the New Safe Haven?
12.07.2008 10:14
actionforex.com
It was a rather quiet weak until volatility in the financial markets soared on Friday on concern losses at mortgage lenders Fannie Mae and Freddie Mac may deepen and eventually have them nationalized. Markets are dissatisfied with Treasury Paulson's said the government is supporting the two largest buyers of U.S....
World
E-commerce
Summary 7/13 - 7/18
12.07.2008 03:20
actionforex.com
Sunday, Jul 13, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080713s'); Monday, Jul 14, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080714s'); Tuesday, Jul 15, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080715s'); Wednesday, Jul 16, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080716s'); Thursday, Jul 17, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080717s'); Friday, Jul 18, 2008 include('http://www.actionforex.com/resources/calendar/cals1.php?f=20080718s');
World
E-commerce
NZD/USD: Will Lackluster New Zealand Retail Sales Weigh On Kiwi?
12.07.2008 03:20
actionforex.com
Retail sales in New Zealand are expected to have eased back slightly in May, weighed down by autos as rocketing gasoline prices deter buyers. Excluding this factor, however, retail sales are anticipated to rebound 0.5 percent, as higher energy and food prices boost the index reading. However, spending on discretionary...
World
E-commerce
Dollar Plunges on Fannie Mae and Freddie Mac Scare
12.07.2008 03:20
actionforex.com
The dollar was sharply lower versus other key currencies Friday after mortgage lenders Fannie Mae and Freddie Mac saw their stocks plummet on fears they may have to be nationalized for a lack of capital. US Treasury Secretary Henry Paulson offered no hint of a bailout but said the government...
World
E-commerce
English