World / E-commerce
The Daily Forecaster: USDJPY
01.07.2008 23:12
actionforex.com
I remain with a broad expectation of a recovery to the 50% retracement at 106.77 though the combination of the pivot resistance and Fibonacci retracement (& projection) at 107.10-20 makes this a stronger bet. We could see some further range trading first but then followed by a break higher. The...
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EUR/USD Could Break Above 1.5800 On Record Surge In Euro-Zone PPI
01.07.2008 22:12
actionforex.com
EUR/USD continues to trade within a wide range of 1.5350 - 1.5800, as the US dollar consolidates across the majors. However there remains potential for an upward swing above near-term resistance at 1.5800 as Euro-zone PPI is scheduled to be released. If figures exceed expectations, the EUR/USD could rally as...
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Forex Exchange Morning Report
01.07.2008 22:12
actionforex.com
The overnight session started out with Dow futures down sharply (around 100pts) and further rumours of impending Israeli air strikes on Iran. This saw the USD soft early and commodity prices bid. However, later in the session, equity markets pushed back to flat for the day after the cash market...
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FX Technical Commentary
01.07.2008 22:12
actionforex.com
Euro 1.5790 Initial support at 1.5720 (June 27 low) followed by 1.5628 (June 26 low). Initial resistance is now located 1.5836 (Jun 30 High) at followed by 1.5844 (Jun 9 high).
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USD Recieves A Boost From ISM Manufacturing Survey, Gold Still Shining
01.07.2008 22:12
actionforex.com
U.S. Dollar Trading (USD) saw some continued weakness early in the European session as potential profit warnings from UBS and Deutsche Bank sent European and US futures into deep negative territory. A surprising jumpin June ISM manufacturing index to 50.2 put the sector in expansion territory for the first time...
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Dollar At Support, Awaiting Employment Data
01.07.2008 22:12
actionforex.com
The dollar was higher against the Canadian and Australian dollars but lower against the yen and European currencies Tuesday. The greenback was supported by an equity rebound as well as an unexpected rise in ISM US manufacturing data. The yen pared earlier gains as US stocks recovered earlier losses. The...
World
E-commerce
Law to Fine Kid Buyers of 'Mature' Games Costs Minnesota
01.07.2008 20:17
ecommercetimes.com
Following its failed effort to curb youngsters' access to video games with "Mature" or "Adults Only" ratings by fining kids for obtaining them, the state of Minnesota on Monday was the one paying. The state paid the Entertainment Software Association $65,000, reimbursing the organization for attorney fees and expenses that resulted from the group's successful challenge to Minnesota's video game law.
World
E-commerce
Law to Fine Kid Buyers of 'Mature' Games Costs Minnesota
01.07.2008 19:14
ecommercetimes.com
Following its failed effort to curb youngsters' access to video games with "Mature" or "Adults Only" ratings by fining kids for obtaining them, the state of Minnesota on Monday was the one paying. The state paid the Entertainment Software Association $65,000, reimbursing the organization for attorney fees and expenses that resulted from the group's successful challenge to Minnesota's video game law.
World
E-commerce
Law to Fine Kid Buyers of 'Mature' Games Costs Minnesota
01.07.2008 18:20
ecommercetimes.com
Following its failed effort to curb youngsters' access to video games with "Mature" or "Adults Only" ratings by fining kids for obtaining them, the state of Minnesota on Monday was the one paying. The state paid the Entertainment Software Association $65,000, reimbursing the organization for attorney fees and expenses that resulted from the group's successful challenge to Minnesota's video game law.
World
E-commerce
Sprint Showing Signs of Resurgence
01.07.2008 18:20
ecommercetimes.com
Sprint may be seeing a resurgence in the mobile market. The company's stock climbed 13 percent last week following reports of a Verizon exec telling investors Sprint had started "doing better." The industry has since seen intense speculation that fewer Sprint subscribers are deflecting to the top two carriers, Verizon and AT&T -- a notion on which neither company will comment.
World
E-commerce
EURUSD: Short Term Bearish Potential
01.07.2008 18:19
actionforex.com
The EURUSD is expected to exceed 1.6018 and continue on to all-time highs in the next few weeks BUT a triangle may be unfolding in which case the advance from 1.5303 would be wave D and wave E would be underway now. E waves of triangles are usually sharp and...
World
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Big Reversals Lift the US Dollar
01.07.2008 18:19
actionforex.com
The US dollar has been driven higher by big reversals in the stock market and in the manufacturing sector. The Dow Jones Industrial Average was down as much as 160 points intraday before it reversed sharply to end the day in positive territory. Part of this strength was due to...
World
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Yen Gains as European and US Stocks Continue Their Slide; Positive ISM Fails to Revive Greenback
01.07.2008 18:19
actionforex.com
After getting a boost from the ISM data, US equities fell back into negative territory in the early afternoon, with the Dow Jones index was 130 points a little past noon. The Dollar-Yen pair was weaker overnight and the Dollar's gains from the better than expected ISM release were cut...
World
E-commerce
Sprint Showing Signs of Resurgence
01.07.2008 17:14
ecommercetimes.com
Sprint may be seeing a resurgence in the mobile market. The company's stock climbed 13 percent last week following reports of a Verizon exec telling investors Sprint had started "doing better." The industry has since seen intense speculation that fewer Sprint subscribers are deflecting to the top two carriers, Verizon and AT&T -- a notion on which neither company will comment.
World
E-commerce
Yen Crosses are Mixed
01.07.2008 17:13
actionforex.com
The EURJPY should continue higher over the next several weeks and maybe longer. There are 2 bullish counts. One treats the decline from the 168.94 top as a completed A-B-C correction (truncated wave C). The other treats the decline as a triangle with wave E ending at 158.60. In both...
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