World / E-commerce
AUD/USD Daily Outlook
04.07.2008 03:18
actionforex.com
AUD/USD's consolidation continues today but after all, intraday bias remains on the upside as long as 0.9582 minor support holds. Further rise should be seen to retest 0.9667 high. As discussed before, sustained trading above 0.9653 key resistance will confirm resumption of medium term up trend, targeting 1.0000 psychological resistance....
World
E-commerce
Technical Analysis for Crosses
04.07.2008 03:18
actionforex.com
The Pound managed to rise above the 211.24 level against the Yen yesterday, this provided the pair with good upside momentum that should be able to take the pair up to the 212.67 at least, however the pair is being traded within an overbought area on intraday basis and that...
World
E-commerce
GBP/JPY Daily Outlook
04.07.2008 03:18
actionforex.com
No change in GBP/JPY's outlook as choppy sideway trading continues and the cross is still bounded in tight range between 209.39 and 212.32. The corrective nature of price actions from 209.39 argues that it's merely consolidation to the fall from 213.91 only. Also, as mentioned before, failure to sustain above...
World
E-commerce
4th Of JULY
04.07.2008 03:17
actionforex.com
A busy week comes to a calm end today, after all what happened all around the globe from the states to Europe and Japan, today markets seems to be peaceful and tranquil, as the Americans are enjoying their independence day holiday.
World
E-commerce
Forex Technical Analytics
04.07.2008 03:17
actionforex.com
The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the relative rise of bullish activity because of chosen strategy gives grounds to make a firm choice of buyers' planning priorities for today. Hence and because of descending direction of...
World
E-commerce
Daily Report: Euro Stabilizes from Yesterday's Sell off
04.07.2008 03:17
actionforex.com
The forex markets stabilized a bit from yesterday's volatile movements. One the one hand, the sell off in Euro is still believed to be a "buy on rumors, sell on news" profit taking exercise. Even though the Eurozone economy has started showing signs of slowdown, the continuously high inflationary pressure...
World
E-commerce
Daily Financial Market Outlook
04.07.2008 03:17
actionforex.com
A fifth successive monthly fall in the Halifax house price index in June is expected to bring to a close a disappointing week for UK economic data. Ahead of the Bank of England MPC meeting next week, the figures have strengthened the case for interest rates to be maintained at...
World
E-commerce
Forex Technical Update
04.07.2008 03:17
actionforex.com
USD/JPY surged 115 pips from the day's low of 105.77 taking support from the 100 & 55 daily EMA. The hourly & daily stochastic show further upmove as the pair is currently taking support at 106.60 level (21 daily EMA, 21 & 200 Hourly) which if holds the pair can...
World
E-commerce
Euro Open: Will Dollar Rally On Global Economic Slowdown?
04.07.2008 03:17
actionforex.com
The Euro sold off substantially following this mornings ECB and NFP releases, breaking support at 1.5720 and continuing lower to test below the 1.57 level. As noted in Jamie Saettele Daily Technical Outlook, the pair is expected to continue lower next week with the next level of support found at...
World
E-commerce
EURUSD, AUDUSD, EURCHF Daily Outlook
04.07.2008 03:17
actionforex.com
The short term studies remain bullish despite yesterday's retreat of 225 points but the daily lower low after trading as high as 1.5908 hurts momentum quite a lot. Key support is noticed into the 1.5660 zone and near term sentiment will remain positive while it holds. Interim resistance is noticed...
World
E-commerce
USD Strength In Bizarro World
04.07.2008 03:17
actionforex.com
From a fundamental or data-wise perspective, the move lower in USD yesterday made no sense. The US labor market data was a lot weaker than expected and Euro-Zone data was better than expected. Trichet 'went neutral' in the Press Conference, but only AFTER EURUSD had dropped a figure. Additionally, the...
World
E-commerce
Trichet Plays Down Risk Of Further Hikes
04.07.2008 03:17
actionforex.com
In the FX markets EURUSD dropped like a stone and interest rates on the September '09 3M Euribor future dropped by 20 bps in the course of the day. We do however find that it is worth noticing that Trichet repeated his mantra on inflation several times at yesterday's press...
World
E-commerce
FX Technical Analysis
04.07.2008 02:30
actionforex.com
EURUSD Comment: A large 'bearish engulfing' candle yesterday from a high at 1.5909 suggests we have found an interim top and that prices will continue to hold within a 'flag' formation. Support from the top of the Ichimoku 'cloud' at 1.5650 should limit the downside today and early next week...
World
E-commerce
Technical Analysis Daily: EUR/USD
04.07.2008 02:29
actionforex.com
The Euro dropped significantly yesterday against the US Dollar from yesterday's top 1.5898 to today's bottom 1.5675 on the US Unemployment Claims, Rates, and Nonfarm Employment Change announcements, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is...
World
E-commerce
Asia Session Recap
04.07.2008 02:29
actionforex.com
As the smoke cleared from yesterdays major data releases, we see the Dollar still standing strong, and actually continuing earlier gains into Asia. As you well know by now, EUR/USD fell two big figures as traders were alerted to the fact that US NFP data was really no worse than...
World
E-commerce
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