World / E-commerce
Daily Technical Analysis
14.07.2008 23:17
actionforex.com
Yesterday the EURUSD attempted to go lower as a correctional downside move, but further downside momentum seems limited as the pair failed to stay below 1.5850 key support (at this phase). The pair bottomed at 1.5841 but closed higher at 1.5902. My model goes long, targeting 1.6019. Only a consistent...
World
E-commerce
US Dollar: Which Will Matter More...US Retail Sales Or Bernanke's Testimony?
14.07.2008 22:17
actionforex.com
The USD/JPY pair continues to consolidate between Fibonacci support at 105.57 and the 200 SMA at 107.41, however, upcoming event risk threatens both the US dollar and carry trades in general. First, US retail sales will be released at 8:30 EDT and are anticipated to weaken, which could weigh USD/JPY...
World
E-commerce
FX Technical Commentary
14.07.2008 22:17
actionforex.com
Euro 1.5890 Initial support at 1.5765 (July 11 low) followed by 1.5692 (July 10 low). Initial resistance is now located 1.5972 (July 11 high) at followed by 1.6019 (Apr 22 high).
World
E-commerce
Gold Shines As The Financial Storm Continues
14.07.2008 22:17
actionforex.com
U.S. Dollar Trading (USD) staged a minor recovery during the Asian and European sessions as the markets digested the latest plan from the Treasury to stabilize the Government Sponsored Entities (GSE) Freddie Mac and Fannie May. Gains were reversed in the US session as equities turned south on doubts about...
World
E-commerce
Forex Exchange Morning Report
14.07.2008 22:17
actionforex.com
The Australian dollar was also driven by USD direction, the pair printing a fresh post float high of 0.9736 in NY trade as the greenback softened yet again. USD/JPY traded lower as USD sentiment turned, backing off 106.80 and heading to the 106.15 area where it had started the global...
World
E-commerce
Daily Forex Market Commentary
14.07.2008 22:17
actionforex.com
The market was not all that impressed about the Treasury and Federal Reserve's plans to support Fannie Mae and Freddie Mac and the dollar's early recovery was either trimmed or reversed. Expect some selling pressure to persist, and keep an eye on the shaky US indices. Also, there is a...
World
E-commerce
USD Falls As US Increases Exposures To Mortgage Lenders
14.07.2008 22:17
actionforex.com
The dollar was mostly lower after Treasury Secretary Henry Paulson asked Congress for authority to buy shares in Fannie Mae and Freddie Mac and the Federal Reserve Bank authorized the companies to borrow directly from the Fed. The greenback initially traded higher on the plans as they provided some calm...
World
E-commerce
3 Things That Could Shake Up the Dollar on Tuesday
14.07.2008 18:13
actionforex.com
No US economic data was released this morning explaining the listless action in the US dollar. Traders are hesitant because they know that things could change dramatically with the 3 event risks tomorrow that could shake up the US dollar. The first is the retail sales report for the month...
World
E-commerce
Greenback Relinquishes Gains in NY Trading
14.07.2008 18:13
actionforex.com
The big news over the weekend was the US government's willingness to step in with a plan to back up Fannie Mae and Freddie Mac, ensuring that they have the capital to survive the continuing US housing crash and other financial market-turmoil. The announcement helped the greenback gain against the...
World
E-commerce
New York Session Recap
14.07.2008 18:13
actionforex.com
The buck was sold in the NY session as the lack of any economic data or policy speakers put the focus squarely on the goings on in the financials space -- and these were pretty bleak. The broad stock market fell around -0.9% but this was in no way reflective...
World
E-commerce
Yahoo, Icahn Fire Broadsides as Shareholders' Meeting Draws Near
14.07.2008 16:15
ecommercetimes.com
The punches are starting to fly fast as Yahoo and Carl Icahn duke it out over the company's future. 5b4 Yahoo shot down a new offer by Microsoft over the weekend to buy the search portion of its business and leave the remaining pieces under Icahn's control. Now, Icahn and the current board of directors are in a heated war of words over who has the shareholders' best interests in mind.
World
E-commerce
Dollar Rangebound Based on Weakness in Financials
14.07.2008 16:14
actionforex.com
The Usd opened higher, but started to retract its gains later in the European session. The EurUsd is trading slightly lower than its previous close at 1.59. The UsdJpy is also a bit lower at 106.15, while the GbpUsd gained strength trading higher at 1.99. Equity markets closed higher in...
World
E-commerce
FXcast offers its Service and Website in Malaysian Language!
14.07.2008 16:14
actionforex.com
FXcast announces today the availability of full Malaysian language and support. People from Malaysia are now able to use FXcast complete service and support in their own language which will be a big help for them. Direct contact to our FXcast Malaysia Partner is also available on our Partner Platform...
World
E-commerce
Eco Data 7/15/08
14.07.2008 16:14
actionforex.com
include('http://www.actionforex.com/resources/calendar/cal1.php?f=20080715');
World
E-commerce
Euro Crosses Mostly Bullish
14.07.2008 16:14
actionforex.com
EURCHF: The 1.5326-1.6376 rally is in 5 waves, therefore expectations are for a similar 5 wave rally to succeed the corrective decline from 1.6376. The pair has already come into and bounced from the first support area; the 4th wave of one less degree at 1.6066. Therefore, it is possible...
World
E-commerce
English