World / E-commerce
Bush Wins Warrantless Wiretapping War
10.07.2008 20:15
ecommercetimes.com
President George Bush has signed into law a measure that overhauls wiretapping rules and grants immunity to telecom companies th 5b4 at cooperated with a secret warrantless wiretap program. The administration established the spying operation after Sept. 11 to gain greater flexibility in eavesdropping on suspected terrorists' conversations.
World
E-commerce
Dollar Sheds Overnight Gains on Paulson Comments; BoE Holds Rates, London Stocks Slide
10.07.2008 17:13
actionforex.com
The Euro-Dollar pair was quiet overnight, gaining slightly in favor of the greenback as European stocks fell. However, in early NY trading the greenback weakened as Treasury Secretary Henry Paulson and Bernanke said financial market turmoil is "ongoing." The comments did not soothe jittery credit markets and the pair rose...
World
E-commerce
New York Session Recap
10.07.2008 17:13
actionforex.com
The buck was sold in the NY session as a shaky stock market and a renewed pop in oil prices pushed the greenback lower. US stocks saw a rollercoaster of a day as financial market fears took hold once again. This was fueled by comments from former St Louis Fed...
World
E-commerce
Greenback Weakens amid Lingering Fears
10.07.2008 16:13
actionforex.com
The dollar was softer on Thursday, drifting lower to 1.5800 against the euro and 106.69 versus the yen. Fears of "ongoing financial turmoil", as described by Fed Chairman Bernanke in his Congressional testimony, continue to plague the currency. Nonetheless, Treasury Secretary Paulson tried to alleviate fears over the solvency of...
World
E-commerce
Dollar Seeing Major Movements on Fed Testimony
10.07.2008 15:14
actionforex.com
Fed Chairman Bernanke and Paulson are testifying today, and the market will be listening intently on their stance regarding the dollar, rising inflation, and financials. Freddie and Fannie Mae which are two of the largest lenders fell sharply based on statements from St. Louis Federal Reserve President William Poole saying...
World
E-commerce
Australian Dollar Crosses Remain in Bull Trends
10.07.2008 15:14
actionforex.com
The drop from 1.0823 is either a completed A-B-C decline, is wave A of a triangle, or wave C is still underway from near 1.0140. Meanwhile, a push through 1.0081 would make the rally from .8870 an impulse and make the A-B-C labeling from the top preferred. A corrective decline...
World
E-commerce
Eco Data 7/11/08
10.07.2008 13:18
actionforex.com
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World
E-commerce
$/Swiss, Chance for Down Break of 4 Month Range Rising.....
10.07.2008 13:18
actionforex.com
The view in $/swiss remains unchanged as the market continues to chop in a 2 month bearish channel, within the broader consolidation since the March low at .9730, and is seen as a large correction with eventual new lows below .9730 after. Though there are still no signs ?pattern-wise? of...
World
E-commerce
U.S. Market Update
10.07.2008 13:17
actionforex.com
The dollar has weakened in morning trading as renewed concerns swirled over the health of the financial sector. FX dealers focused on Paulson comment that financial firms "must be allowed to fail," prompting the market rumors regarding the imminent demise of the usual suspects. ITraxx Crossover Index continues to reflect...
World
E-commerce
Foreign Exchange Market Daily Update
10.07.2008 13:17
actionforex.com
The US dollar remains within its recent ranges, buoyed by steady oil prices and some technical buying, but gains were capped by lingering worries about credit market turmoil and sharp losses in global stock markets. An unexpected decline in U.S. weekly jobless claims gave the dollar an extra boost, although...
World
E-commerce
Leading US ICSC Sales Indicator Unexpectedly Hits 15-Month High
10.07.2008 13:17
actionforex.com
Though consumer confidence has plunged to lows not seen in over a quarter century and spending has been hit by fading home equitiy, high lending costs and cooling wage growth, retailers are still pointing to relatively strong sales - albeit in very specific sectors. The International Council of Shopping Centers'...
World
E-commerce
Currency Technical Report
10.07.2008 12:21
actionforex.com
Euro reached the area of 1.5750-60, slightly above the ranges we had set and bears gained momentum, leading the pair to the area of 1,5700. The sideways consolidation, he have indicated for the short term, sets the ranges for the move, and a move resumption to 1.5660-70 area of even...
World
E-commerce
USD/CAD Mid-Day Outlook
10.07.2008 12:21
actionforex.com
USD/CAD's fall resumes today and dives further to as low as 1.0076 so far. At this point, intraday bias remains on the downside as long as 1.0137 minor resistance holds. recent development argues that correction from 1.0322 is probably still in progress for 61.8% retracement of 0.9818 to 1.0322 at...
World
E-commerce
GBP/JPY Mid-Day Outlook
10.07.2008 12:21
actionforex.com
No change in GBP/JPY's outlook as the cross continues to struggle insideway tight range of 209.39 and 212.32. As mentioned before, failure to sustain above 213.48 key medium term resistance argues that at least a short term top is possibly in place. Below 209.39 will indicate that such decline from...
World
E-commerce
USD/JPY Mid-Day Outlook
10.07.2008 11:19
actionforex.com
No change in USD/JPY's outlook. Intraday bias remains neutral with the pair staying in tight range between 106.25 and 107.75. On the upside, further rally could not be ruled out but still, note that sustained break of 108.59 key medium term resistance is needed to confirm whole rebound from 95.77...
World
E-commerce
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