World / E-commerce
USD/CHF Daily Outlook
10.07.2008 03:17
actionforex.com
Outlook in USD/CHF remains unchanged. While further rise could still be seen, upside of the rebound from 1.0111 is still expected to be limited by mentioned 61.8% of 1.0539 to 1.0111 at 1.0376. Meanwhile, on the downside, below 1.0217 will reaffirm the case that such rise from 1.0111 has finished....
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USD/JPY Daily Outlook
10.07.2008 03:17
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...
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AUD/USD Daily Outlook
10.07.2008 03:17
actionforex.com
AUD/USD's strong rebound from 0.9475 extends further to as high as 0.9617 today. Break of 0.9568 minor resistance indicates that price actions from from 0.9667 has completed with three ways down to 0.9475 already. The corrective nature indicates that it's merely a correction to rise from 0.9372. At this point,...
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Daily Report: Aussie Boosted by Employment, BoE & Bernanke Awaited
10.07.2008 03:17
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Aussie is so far the biggest winner today, boosted by much better than expected employment report. Unemployment rate dropped from 4.3% to 4.2% in Jun. Also, the job market rebounded and showed 29.8k expansion, above consensus of 10k and cancelled out May's unexpected contraction of -25.6k. The job data, which...
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USD Finding Few Friends Ahead Of Bernanke, Paulson Testimony
10.07.2008 03:17
actionforex.com
The market continues to make a mockery of previous correlations and patterns. Plenty of negative EuroZone data of late, including yesterday's sluggish German trade numbers (key because Germany is a huge exporting machine) have failed to really dent the EUR further since last week's "no bias" call from Trichet. This...
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FX Technical Analysis
10.07.2008 03:17
actionforex.com
EURUSD Comment: Rallying again from the top of the Ichimoku 'cloud' and we still favour a cautious upside test, probably above Monday's high at 1.5753 to the nine-day average at 1.5759 and maybe 1.5800.
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CPI From Norway And Sweden
10.07.2008 02:22
actionforex.com
In the UK the BoE is announcing interest rates at 1 pm. Neither we nor the market expect any move in interest rates. Furthermore as the BoE only rarely comments on their decision immediately after the rate announcement we don't expect any drastic market moves in the wake of the...
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Asia Session Recap
10.07.2008 02:22
actionforex.com
The EUR/USD lost some steam from its earlier 1.5747 highs as its long slow slide continued throughout the Asia session. Although trading in at best a 30 point range, the pair ended up near 1.5723 by the end of the session. The Euro had gained ground previously with all the...
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Technical Analysis Daily: EUR/USD
10.07.2008 02:22
actionforex.com
The Euro climbed insignificantly yesterday against the US Dollar from yesterday's bottom 1.5651 to the top 1.5749, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.5820, followed by 1.5885. In downward direction next support...
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Euro Open: All Eyes On The Bank Of England
10.07.2008 02:21
actionforex.com
The Euro eased lower toward the 1.57 level overnight following a strong rally in the US session. DailyFX Technical Analyst Jamie Saettele reports that the downward correction may be over, with the pair turning upward to target resistance at 1.5900. A further downside breach eyes support at 1.5534. The sterling...
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FX Overnight Briefing
10.07.2008 01:24
actionforex.com
Australian employment staged a surprisingly strong revival in June while the jobless rate ticked down toward three-decade lows, keeping alive the risk that a drum-tight labour market could fuel inflationary pressures.
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The Daily Forecaster: USDCAD
10.07.2008 01:24
actionforex.com
The wave structure is not pretty but the loss of 1.0137 opens up a possible flat correction from 1.0238 in which a wave equality target in Wave c lies at 1.0079. While this holds we could still argue this as being Wave ii of Wave -chigher. Then we should expect...
World
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Japanese Corporate Prices Soar, BOJ Will Hold Rates Anyway
10.07.2008 01:24
actionforex.com
Price growth exceeded expectations for goods purchased by Japanese corporations, printing at a 27-year high of 5.6% in the year to June versus expectations of 5.3%. Predictably enough, most of the rise was driven by booming commodity prices. Companies pass on these cost increases to consumers by raising the price...
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Forex and Dow Jones Recommended Levels
10.07.2008 01:24
actionforex.com
EUR/USD Today's support: - 1.5702(main), where correction is possible. Break would give 1.5683, where correction also may be. Then follows 1.5669. Break of the latter would result in 1.5635. If a strong impulse, we would see 1.5616. Continuation will give 1.5590.
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Asian Market Update
10.07.2008 01:24
actionforex.com
Australia's median inflation expectations stays at a 15yr high: (AU JULY CONSUMER MEDIAN INFLATION EXPECTATION: 5.9% V 5.9% prior) The survey found that only 7.5% of the 1,200 respondents believed that inflation would come back down to within the RBA's target band of 2%-3% in the coming year, off from...
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