World / E-commerce
U.S. Jobs Drop Again; Unemployment Rate Stays High at 5.5%
03.07.2008 10:17
actionforex.com
Payroll employment declined for the sixth consecutive month in June, dropping 62,000. This was generally in line with markets expectations for a drop of 60,000. More disappointing was that fact that declines in earlier months were revised to show even greater weakness, with May employment now down 62,000 (down 49,000...
World
E-commerce
EUR/USD Mid-Day Outlook
03.07.2008 09:23
actionforex.com
EUR/USD retreats sharply in early US session and break of 1.5775 minor support indicates that an intraday top is already in place at 1.5908. Intraday outlook is turned neutral for the momentum with bias mildly on the downside for deeper pull back to inner rising channel support (now at 1.5721)....
World
E-commerce
Mid-Day Report: Euro Pulls Back as Trichet Has No Bias, Dollar Rebounds
03.07.2008 09:22
actionforex.com
Euro is sold off against the dollar, which in turn boosted the dollar for a rebound, after ECB Trichet said that the current monetary stance after today's rate hike is enough to achieve ECB's objective of price stability and he has no bias now. The markets take that as a...
World
E-commerce
Fed Will Not Bat an Eye at NFPs, Trichet has "No Bias"
03.07.2008 09:22
actionforex.com
The jobs number for the month of June was bad but not bad enough to stifle the gains in the US dollar. Non-farm payrolls fell by 62k, the sixth consecutive decline in a row. The April number also was revised down from -49k to -62k while the unemployment rate remained...
World
E-commerce
ECB Hikes to 4.25%
03.07.2008 09:22
actionforex.com
As expecetd the ECB hiked rates to 4.25% but the key question going forward vis a vis the euro will be ? one and done or more to come? President Trichet has continually insisted that the ECB is not about to engage in series of rate hikes and that this...
World
E-commerce
FX Thoughts for the Day
03.07.2008 09:22
actionforex.com
Cable as per expectation has faced a stiff Resistance at 1.9977-85 and fell sharply in the day to test 1.9850. A bounce to 1.9900 was seen from there. For the day now, a further dip towards 1.9800 should not be surprising. However, 1.9790-70 is expected to provide strong Support....
World
E-commerce
Daily FX Forecast
03.07.2008 09:22
actionforex.com
EUR/USD has risen beyond 1.5890 our up target over the last trading sessions exactly as it was suggested as ECB has lifted the rate to 4.25% as it was widely expected Today all eyes will be on US Non Farm Payrolls numbers at 12:30 GMT The consensus is about -60...
World
E-commerce
EUR/JPY - a Blessed Currency Pair
03.07.2008 08:19
actionforex.com
Judging from the recent price development, investors could be led to believe that EUR/JPY has been/is blessed by powers above. Along with the rising risk aversion which has gripped financial actors again, one asset class after the other has been hit with resultant sharp declines. In such a scenario, history...
World
E-commerce
London Session Recap
03.07.2008 08:19
actionforex.com
The buck sold off against the euro in the London session but gained some ground against the other majors as the market awaits the ECB rate decision/press statement and the US nonfarm payrolls report. Eurozone retail sales for May came in double consensus expectations, rising 1.2% on the month after...
World
E-commerce
Daily Technical Strategist
03.07.2008 08:18
actionforex.com
After hesitating below the 1.5842 level, its Jun 09'08 high following a run off the 1.5302 low(Jun 13'08 low),EUR turned sharply higher breaking through the mentioned resistance to high of 1.5890 on Wednesday. With the invalidation of the 1.5842 level, risk has now opened up for further higher prices towards...
World
E-commerce
Elliott Wave and Fibonacci Predictions: EUR/USD, USD/JPY
03.07.2008 08:18
actionforex.com
Hey traders EUR/USD reached my target around 1,5870 level, it went even higher to 1,5891... To be honest I am very skeptical for higher prices in the moment, indicators are showing me overbought area on stochastic, divergence on elliot oscillator, which could push prices in to the pink wave iv...
World
E-commerce
Technical Analysis Daily: USD/JPY
03.07.2008 08:18
actionforex.com
The US Dollar started rising today against the Japanese Yen from yesterday's bottom 105.81 to the top 106.74, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 107.35, the break of which would...
World
E-commerce
How to Keep Mid-Level Execs From Flying the Coop
03.07.2008 07:20
ecommercetimes.com
These days, I'm often asked about the health of the technology sector. Granted, some people say the economy of the San 5b4 Francisco Bay Area doesn't reflect the rest of the country, but indications point to the fact that technology industries appear to be relatively unscathed by the economic downturn.
World
E-commerce
ECB Faces Tough Decision
03.07.2008 07:19
actionforex.com
The Euro will struggle to sustain initial gains following the ECB interest rate decision given the increased growth fears. Inflation will inevitably be a key focus for the ECB at its policy meeting on Thursday, although the bank will also be wary of credit stresses and growth fears.
World
E-commerce
Ahead of Jobs Report and Trichet
03.07.2008 07:19
actionforex.com
The focus today in the U.S is on the jobs report as we await the release of the non-farm payrolls which is expected to show more employees being laid off while the greenback continues its fall from yesterday as the private sector lost 79K jobs. The lack of jobs is...
World
E-commerce
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