World / E-commerce
Factory Orders Up 0.6% in May, High Prices May Overstate Spending
03.07.2008 04:25
actionforex.com
Orders for new goods at U.S. factories climbed 0.6 percent in May. This marks the third consecutive monthly gain, but the increase may have more to do with surging oil prices than a resilient economy. With non-defense capital goods orders ex-aircraft off 0.4 percent, this report does not show signs...
World
E-commerce
Factory Orders Up 0.6% in May, High Prices May Overstate Spending
03.07.2008 04:25
actionforex.com
Orders for new goods at U.S. factories climbed 0.6 percent in May. This marks the third consecutive monthly gain, but the increase may have more to do with surging oil prices than a resilient economy. With non-defense capital goods orders ex-aircraft off 0.4 percent, this report does not show signs...
World
E-commerce
Foreign Exchange Market Daily Update
03.07.2008 04:25
actionforex.com
The US dollar is lower vs. the major currencies after a report showed the US private sector shed more jobs than expected in June. The private sector cut 79,000 jobs in June according to a private report by ADP Employer Services. This data is often seen as a gauge for...
World
E-commerce
Foreign Exchange Market Daily Update
03.07.2008 04:25
actionforex.com
The US dollar is lower vs. the major currencies after a report showed the US private sector shed more jobs than expected in June. The private sector cut 79,000 jobs in June according to a private report by ADP Employer Services. This data is often seen as a gauge for...
World
E-commerce
Chart Of The Day: GBP/JPY
03.07.2008 04:25
actionforex.com
Late last week, price just bounced down off of an extremely significant horizontal support/resistance level on the GBP/JPY daily chart, as shown. This horizontal level, around the 214.00 price region, is represented on the chart by the long yellow line. The line has been respected many times in the past,...
World
E-commerce
Chart Of The Day: GBP/JPY
03.07.2008 04:25
actionforex.com
Late last week, price just bounced down off of an extremely significant horizontal support/resistance level on the GBP/JPY daily chart, as shown. This horizontal level, around the 214.00 price region, is represented on the chart by the long yellow line. The line has been respected many times in the past,...
World
E-commerce
U.S. Market Update
03.07.2008 04:25
actionforex.com
The USD drifted lower during the New York morning, hitting fresh 10-week lows against the Euro as the pair trended above the 1.5850 level. The GBP recovered from earlier losses following UK Construction PMI data that confirmed further housing sector woes for jolly old England. However, the GBP/USD pair continues...
World
E-commerce
U.S. Market Update
03.07.2008 04:25
actionforex.com
The USD drifted lower during the New York morning, hitting fresh 10-week lows against the Euro as the pair trended above the 1.5850 level. The GBP recovered from earlier losses following UK Construction PMI data that confirmed further housing sector woes for jolly old England. However, the GBP/USD pair continues...
World
E-commerce
Forex Fundamental Outlook
03.07.2008 04:25
actionforex.com
In U.S. news, the dollar also suffered after ADP reported June private payrolls fell 79,000, much worse than expected. This print has resulted in some revisions to tomorrow's June non-farm payroll forecast that had many economists forecasting a loss of about 50,000 jobs last month. Other data saw May factory...
World
E-commerce
Forex Fundamental Outlook
03.07.2008 04:25
actionforex.com
In U.S. news, the dollar also suffered after ADP reported June private payrolls fell 79,000, much worse than expected. This print has resulted in some revisions to tomorrow's June non-farm payroll forecast that had many economists forecasting a loss of about 50,000 jobs last month. Other data saw May factory...
World
E-commerce
Daily Forex Outlook: GBP/USD
03.07.2008 04:25
actionforex.com
The fall started from 2.0004 turned out to be a flat correction as is shown on the chart. Today's sharp recovery signals that it is already over. However it is not clear what exactly is the position of today's rebound. It could be wave x before another sell-off, it could...
World
E-commerce
ADP Sends the Dollar Lower
03.07.2008 04:25
actionforex.com
The most seen as optimistic ADP in comparison to the actual nonfarm payrolls today showed a very deep job loss in the economy which added to negative pressures on the dollar that tomorrow's labor report is far from reflecting any signs of hope.
World
E-commerce
Daily Forex Outlook: GBP/USD
03.07.2008 04:25
actionforex.com
The fall started from 2.0004 turned out to be a flat correction as is shown on the chart. Today's sharp recovery signals that it is already over. However it is not clear what exactly is the position of today's rebound. It could be wave x before another sell-off, it could...
World
E-commerce
ADP Sends the Dollar Lower
03.07.2008 04:25
actionforex.com
The most seen as optimistic ADP in comparison to the actual nonfarm payrolls today showed a very deep job loss in the economy which added to negative pressures on the dollar that tomorrow's labor report is far from reflecting any signs of hope.
World
E-commerce
Strong Factory Orders Number Confirms ISM Rebound
03.07.2008 04:24
actionforex.com
Manufacturers continue to struggle with record energy prices, high lending costs and a cooling in the domestic economy; but the sector may still be a positive contributor to growth through the second quarter. Following Tuesday's release of the ISM manufacturing activity survey for the month of June (notably marking the...
World
E-commerce
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