World / E-commerce
Get Ready For Transatlantic Fireworks Today
03.07.2008 04:29
actionforex.com
If ever a volatile day was virtually ensure by upcoming event risks, that today is today. Due to the July 4 US holiday tomorrow, the normal Friday employment report is being moved up to today, thus the reason for the bizarre combination of the ECB and US employment report on...
World
E-commerce
Who Will be the Mover Today???
03.07.2008 04:29
actionforex.com
A fully jammed calendar, fundamentals from the United States and the European Union will take all the action, as we are waiting to see who would have the major effect on the markets, whether the rate hike will be the major mover or the non-farm payroll.
World
E-commerce
USD/CHF Daily Outlook
03.07.2008 04:29
actionforex.com
USD/CHF dipped marginally below 1.0129 today but lacks follow through momentum yet. Some more choppy consolidation could still be seen but upside should be limited by 38.2% retracement of 1.0539 to 1.0129 at 1.0286. As discussed before, break of short term rising trend line support with daily MACD dipped into...
World
E-commerce
Daily Financial Market Outlook
03.07.2008 04:29
actionforex.com
The ECB rate decision and the June US employment report will capture market attention today for what is likely to be a very lively session in financial markets. The ECB makes a point of never pre-committing itself to changes in interest rates, but considering last month's explicit rate signal and...
World
E-commerce
USD/JPY Daily Outlook
03.07.2008 04:29
actionforex.com
No change in USD/JPY's outlook as consolidation from 104.98 continues. Some more choppy sideway trading could be seen. But still, break of 108.59 is needed to turn short term outlook bullish again. Otherwise, risk remains on the downside. Note that prior break of trend line support, followed by breaking of...
World
E-commerce
Forex Technical Update
03.07.2008 04:29
actionforex.com
Euro's rally continued as it surged 111 pips from its intraday low of 1.5777 yesterday. Although, the daily & 4-Hourly stochastic is overbought; the hourly shows an upmove and a break of the critical 1.5900 mark could be witnessed if backed by hawkish statements post rate decision. The news from...
World
E-commerce
Forex Technical Analysis
03.07.2008 04:29
actionforex.com
EUR/USD The currency pair has set a local bottom at 1.5301 completing the slide from 1.5844. Technical indicators are neutral. Trading takes place above 50- day SMA, currently projected at 1.5609.
World
E-commerce
EUR/USD Daily Outlook
03.07.2008 04:29
actionforex.com
EUR/USD turns into sideway trading after reaching as high as 1.5890. Nevertheless, intraday bias remains on the upside as long as 1.5775 minor support holds. As discussed before, prior break of 1.5843 resistance is taken as the second signal that consolidation from 1.6019 has completed at 1.5302 already. Retest of...
World
E-commerce
Technical Analysis for Crosses
03.07.2008 04:29
actionforex.com
The Pound continued its downside wave against the Yen yesterday to close below the 211.23 level but the pair managed to climb above it after acquiring strong upside momentum from the 210.74 support level, the momentum indicators are pointing for further upside movement however the pair needs a slight correction...
World
E-commerce
Daily Report: The Day Finally Comes, ECB and NFP Watched
03.07.2008 04:29
actionforex.com
The highly anticipated day of ECB rate decision and Non-farm payroll finally comes. ECB is widely expected to raise rate by 25bps to 4.25% after Trichet's hint in last meeting and subsequent hawkish comments from ECB members. Considering that consumer inflation has now doubled ECB's target and reached 4% yoy...
World
E-commerce
Dollar Under Pressure, As EUR/USD Moves Above Key Resistance Opening Way To Highs
03.07.2008 04:29
actionforex.com
EUR/USD took out key resistance at 1.5845, opening the way for an eventual test of the all time highs in the 1.60 area. For that to happen the ECB probably need to be hawkish and the payrolls weak. However, a weak dollar is undesirable, even for US policymakers. Can they...
World
E-commerce
Technical Analysis for Major Currencies
03.07.2008 04:29
actionforex.com
EURO: Mixed signals concerning the currency is seen in the different momentum indicators between a neutral trend, over-bought area and over-sold area, yet technical indicators still show the upside movement supported by the 20 and 50 hour moving averanges.
World
E-commerce
USD And Stocks Headed For New Lows
03.07.2008 04:29
actionforex.com
Today's ECB Rate Announcement and the subsequent Press Conference with Trichet is scheduled at the same time of the release of US labor market data. Thus, we will likely see a lot of volatility around 12:30 GMT.
World
E-commerce
Jobs' Report, With ECB's Call
03.07.2008 04:29
actionforex.com
The clock is ticking, and the count down has started, the fruit of the week is on the wait, and major events are on the queue, and there is no where to run form this flood, the news will cover all markets, and will affect every single trader; it is...
World
E-commerce
FX Technical Analysis
03.07.2008 04:29
actionforex.com
EURUSD Comment: Squeezing up towards 1.5905, as expected, the highest since late April and close to the highest ever. Consensus opinion is still very much pro-US dollar over the coming 12 months, with a median target at 1.4500 per Euro. For this morning expect another cautious upside squeeze and remember...
World
E-commerce
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