World / E-commerce
Daily Technical Analysis
09.07.2008 23:17
actionforex.com
The Euro was traded stronger against Dollar yesterday. The pair topped at 1.5750 and closed at 1.5738. We have a bullish channel on hourly chart. We might still in consolidation/correctional phase of bullish outlook, so the pair might make another attempt to push lower. As long as the pair move...
World
E-commerce
EURUSD: Rally To Accelerate And Break 1.60
09.07.2008 23:17
actionforex.com
The EURUSD is expected to exceed 1.6018 and continue on to all-time highs and beyond in the next few weeks. The chart above shows the count from the 1.1640 low. A push through 1.6018 is required in order to complete 5 waves. Wave IV is complete as a triangle (see...
World
E-commerce
What Is Slapping The US Dollar?
09.07.2008 22:13
actionforex.com
In a week devoid of any significantly market moving data, there has only been one clear factor driving the US dollar - stocks. The dollar weakened across the board as stocks resumed their sell-off. Its earnings season and warnings by analysts are slapping both equities and the US dollar. Stocks...
World
E-commerce
British Pound: Why The Bank Of England Will Not Change Rates In Q3
09.07.2008 22:13
actionforex.com
In recent weeks, the GBP/USD has moved within the 1.96-2.00 range, and remains range-bound as the Bank of England maintains a hawkish outlook on inflation but cautious stance on the economic downturn. Indeed, current economic conditions have greatly deteriorated in recent months, which is likely to lead the Bank of...
World
E-commerce
FX Technical Commentary
09.07.2008 22:13
actionforex.com
Euro 1.5730 Initial support at 1.5651 (July 9 low) followed by 1.5606 (50.% retracement 1.5303 to 1.5910). Initial resistance is now located 1.5754 (July 7 high) at followed by 1.5910 (July 3 high).
World
E-commerce
Forex Exchange Morning Report
09.07.2008 22:13
actionforex.com
A lack of US data left FX markets looking to the likes of the Iranian missile tests and equity markets for direction, leaving USD with losses in the overnight session. The New Zealand dollar did well considering the rise in risk aversion, trading quietly in London around 0.7520-0.7550 but then...
World
E-commerce
Oil Continues To Fall But Weak Stocks Hamper The USD
09.07.2008 22:13
actionforex.com
U.S. Dollar Trading (USD) gave up some ground as equities continued their slump lead by financials facing possible rating downgrades from Fitch. The Dollar did receive some support from oil which despite Iran test firing missiles and US crude inventories falling managed to continue its pullback from last weeks record...
World
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Dollar Falls On Renewed Financial-Market Concerns
09.07.2008 22:13
actionforex.com
The dollar declined versus its rivals Wednesday as US stocks fell on worries about the impact of slow economic growth and rising inflation on earnings. Credit spreads worsened and Fannie Mae paid a record yield over two-year notes amid concerns US mortgage-finance companies do not have enough capital. The USD/JPY...
World
E-commerce
New York Session Recap
09.07.2008 22:13
actionforex.com
The lack of any pertinent economic data put the US stock market in the driver's seat as the greenback was sold in the NY session. Stocks plunged with the S&P 500 down -2.3% as financials stocks took it on the chin on heightened credit market worries. The dip occured even...
World
E-commerce
Getty Images to Pay Amateur Photogs for Flickr's Slickest Pix
09.07.2008 16:20
ecommercetimes.com
Yahoo-owned Flickr and Getty Images have inked a deal that could help photographers with pictures posted on the photo sharing site hook their work up with the largest media licensing company in the world. The effort, dubbed "The Flickr Collection on Getty Images" is the culmination of a longterm desire to create a way for consumers in the digital publishing industry to use photos on the site.
World
E-commerce
British Pound Crosses Setting Up for Big Bull Moves
09.07.2008 16:20
actionforex.com
The GBPCHF remains in a 4th wave correction that will complete as either a triangle or flat. The rally from 1.9421 to 2.0963 is in 3 waves and would be wave A of the triangle (or flat). Wave B is underway now and will likely end below 2.0012. In summary,...
World
E-commerce
Greenback Weakness Takes Hold of Markets Following Iranian Missile Test
09.07.2008 16:19
actionforex.com
Stocks in the US started off weaker, managed to break into the green as oil prices receded from their earlier jump, but by noon were back below their open for the day. The Dollar-Yen tested its high from yesterday near 107.65 but then retreated. Price action was quite tame with...
World
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Eco Data 7/10/08
09.07.2008 13:19
actionforex.com
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World
E-commerce
FX Crossroads: GBP Set to Weaken Further Over Summer
09.07.2008 13:19
actionforex.com
We expect the Bank of England (BoE) to leave the base rate unchanged at 5.0% at its meeting on 10 July. This is also widely expected in the market; all 72 polled by Reuters last week expected no change. The OIS market is attaching a 5% probability to a 25bp...
World
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Market Volatility is Keeping Prices Constrained
09.07.2008 13:18
actionforex.com
Traders are seeing increased volatility in the US markets, which is shown in the higher price of the VIX. Hedge funds suffered the worst first half performance in 20 years as relative value is becoming difficult to find as multiple asset classes are suffering losses. We probably won?t see significant...
World
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