World / E-commerce
Daily FX Report
17.07.2008 04:18
actionforex.com
After a small M formation between June and July, the NZD/USD reached its upper line of the downward trading channel. As it breaks through the line, the dojis and the last candle with the long wick indicate an upcoming decrease. However, the iffy situation in the USA makes a drop...
World
E-commerce
Housing In Focus
17.07.2008 04:18
actionforex.com
After a very busy week for the U.S. markets, from all the testimonies and min-utes, to inflation and sales to growth data, today comes carrying along with it some data on the housing sector, which once was the cause of all the troubles in the economy on all levels.
World
E-commerce
Daily Forex Analysis
17.07.2008 04:18
actionforex.com
EUR/USD The bearish channel on the 4 hour chart remains in tact, as the pair is now floating on the bottom barrier. A bearish cross on the daily chart's Slow Stochastic confirms that the direction is indeed down. Going short appears to be preferable.
World
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EUR/USD Daily Outlook
17.07.2008 04:18
actionforex.com
EUR/USD's pull back from 1.6038 extends further to 1.5800, touching 4 hours 55 EMA as expected. A this point, intraday bias remains on the downside as long as 1.5949 minor resistance holds and further pull back could still be seen. But another rise is still expected as long as pull...
World
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GBP/USD Daily Outlook
17.07.2008 04:18
actionforex.com
Cable's pull back from 2.0158 is still in progress and further fall could be see to 4 hours 55 EMA (now at 1.9901). But downside is expected to be contained well above 1.9647 support and bring rally resumption. As discussed before, rise from 1.9363 represents another rising leg of the...
World
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Today's Key Points
17.07.2008 04:18
actionforex.com
So far the big winner in FX markets this week has been the yen. That is no surprise as risk aversion has surged, credit risk has increased and uncertainty in general has risen. In such cases, the yen serves as a nice safe-haven currency and as a hedge against abomination....
World
E-commerce
USD/CHF Daily Outlook
17.07.2008 04:18
actionforex.com
USD/CHF's rebound from 1.0010 continues today and at this point, further rise could still be still to 4 hours 55 EMA (now at 1.0196). But upside should be limited well below 1.0250 resistance and bring fall resumption. As discussed before, prior break of 1.0147 support reaffirms the case that medium...
World
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Forex and Dow Jones Recommended Levels
17.07.2008 04:18
actionforex.com
EUR/USD Today's support: - 1.5840(main), where correction is possible. Break would give 1.5814, where correction also may be. Then follows 1.5781. Break of the latter would result in 1.5750. If a strong impulse, we would see 1.5728. Continuation will give 1.5716 and 1.5694.
World
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Dollar Rebounds As Credit Tensions Ease And Oil Price Drops
17.07.2008 04:18
actionforex.com
After stormy times over the previous sessions, the dollar entered calmer waters on Wednesday. The test of the all-time highs in EUR/USD is rejected, at least for now, and the easing of global tensions offers the dollar some breathing space. However, the jury is still out whether a new equilibrium...
World
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USD/JPY Daily Outlook
17.07.2008 04:18
actionforex.com
USD/JPY's recovery from 103.76 continues today and break of 105.12 minor resistance, with 4 hours MACD crossed above signal line, confirms that an intraday low is in place. Further rebound could be seen to 4 hours 55 EMA (now at 106.01) but upside should be limited well below 106.80 resistance...
World
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GBP/JPY Daily Outlook
17.07.2008 04:18
actionforex.com
GBP/JPY's recovery from 207.98 continues today and with 4 hours MACD crossed above signal line, an intraday low is in place. Further recovery could be seen to 4 hours 55 EMA (now at 210.89) but upside, should be limited below 212.43 resistance and bring another fall. Below 207.98 will indicate...
World
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Technical Analysis for Crosses
17.07.2008 04:17
actionforex.com
The Euro managed to rebound against the Yen from near the strong support at 165.67 to indulge in a strong upside wave that took the pair near the 166.59 resistance level which is now holding the pair from further moving towards the upside, the momentum indicators however are showing the...
World
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Forex Technical Update
17.07.2008 04:17
actionforex.com
Euro's intraday swing from the highs of 1.5948 to the lows of 1.5816 was witnessed in yesterday's session. The Hourly and daily stochastic is extremely overbought while the 4-Hourly shows an upmove. Immediate support comes at 1.5825 (200 Hourly EMA, 50% Retracement of recent rise in daily charts). Look for...
World
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Daily Financial Market Outlook
17.07.2008 04:17
actionforex.com
Focus will remain on the US today, with some important housing and labour market figures due. Despite renewed credit market tensions and continuing fears of recession, the prospect of lower US interest rates was dealt a serious blow yesterday after the news that headline CPI inflation surged to 5% in...
World
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EURUSD, AUDUSD, EURCHF Daily Outlook
17.07.2008 04:17
actionforex.com
The dollar recovered some ground on yesterday, putting pressure on the 1.5800 support level which limited the downside for now. The fast decline after reaching the new record high at 1.6038 suggests that a top has been formed for now and more downside is likely since key support into the...
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