World / E-commerce
Dollar Recovers on Bailout Plan
14.07.2008 15:14
actionforex.com
The greenback recovered slightly against the majors, pushing the euro back toward the 1.59-level after dropping to 1.5970 earlier in the session. Amid a dearth of US economic reports, markets digested the government's plan to rescue Fannie Mae and Freddie Mac, which consists of opening the Fed's discount window as...
World
E-commerce
This Week's Data and Events
14.07.2008 15:14
actionforex.com
Geopolitical and systemic risk, along with the fundamental change in energy costs, pressured the dollar during the past week, but only the euro and the Australian dollar surged. Sunday brought some sort of solution to the problem, so the US currency has a good chance to make at least a...
World
E-commerce
Weekly Forex Technical Overview
14.07.2008 15:14
actionforex.com
Euro/dollar rallied to a 2 ½-month high last week and my model went long. But early Sunday it turned south, and the short-term outlook is cautiously bearish. Below 1.5860, support is now at 1.5740. The next good level is at 1.5685. Below 1.5630, distant support is 1.5575. Immediate resistance is...
World
E-commerce
Pound Acting Well on Risk - but will Swiss Outshine?
14.07.2008 15:14
actionforex.com
The ramp-up in credit risk in the market is huge. The pound is acting well today on the back of market risk. But, in the recent past the Swiss franc has been the star currency that has acted very well on risk, for two reasons we think:
World
E-commerce
Forex Fundamental Outlook
14.07.2008 13:15
actionforex.com
The common currency gapped higher at the Australasian open to reach its highest level since 23 April but quickly came off after the U.S. government announced measures to support troubled U.S. mortgage giants Fannie Mae and Freddie Mac. For years, these government supported enterprises have been supported by an implicit...
World
E-commerce
U.S. Market Update
14.07.2008 13:15
actionforex.com
The dollar price action continues to center on the financial sector and the GSEs. The USD was modestly weaker during the US morning session as dealers focused on the outcome of Freddie's $3B note auction. Initial reaction of the results sent the EUR/USD above the 1.59 level to re-probe Friday's...
World
E-commerce
artnet Online Auctions – Contemporary Color Photographs Sale
14.07.2008 12:21
prweb.com
artnet launches Contemporary Color Photographs Sale featuring works from the 1950s to the present by renowned artists including William Eggleston, Nan Goldin, Eliot Porter, Thomas Ruff and William Wegman. • Over 100 works by 50 renowned photographers• Price estimates range between US $500 and US $20,000• July 14-31, 2008 (PRWeb Jul 14, 2008) Read the full story at http://www.prweb.com/releases/2008/07/prweb1098324.htm
World
E-commerce
Daily Forex Outlook: EUR/USD
14.07.2008 12:15
actionforex.com
The euro fell sharply from today's high 1.5970 to 1.5840. There was a possibility this move to be an impulse but it is no more likely after current rebound. It is clear now that the fall shown on the chart is corrective in nature and is probably wave A of...
World
E-commerce
Europe is Losing Momentum
14.07.2008 12:15
actionforex.com
The financial crisis is deteriorating in the United States and the economic slowdown is moving into the European continent as well. After French, Spain and Italy, also a resilient Germany appears to be losing the strong positive momentum shown so far. The Euro, in the mean time, is again testing...
World
E-commerce
Further Dollar Weakness Ahead?
14.07.2008 12:15
actionforex.com
What caused the dollar weakness these days? Well, what else? It's the same old story; speculators were having a field day trying to hunt stops above 1.59 after news broke late Friday that Fannie Mae and Freddie Mac were in serious trouble due to the credit crisis, causing the dollar...
World
E-commerce
DailyFX Top Picks: Long EUR/USD, Short NZD/USD
14.07.2008 11:21
actionforex.com
It will be a very busy trading week. US government officials have been working all weekend to offer some form of relief to the financial markets. On Sunday, US Treasury Secretary Paulson announced that he will seek Congressional Approval to buy stock in the Fannie Mae and Freddit Mac and...
World
E-commerce
Chart Of The Day: USD/CAD
14.07.2008 11:21
actionforex.com
Price action on the USD/CAD (the daily chart of which is shown) has been mired in a sideways consolidation for many months now. Within the context of this sideways consolidation, there has recently begun a further diminishing of volatility, bounded by the long-term downtrend line (in red) and the medium-term...
World
E-commerce
Dollar Swings across the Board
14.07.2008 11:21
actionforex.com
U.S. dollar kept swinging through the begging of the U.S. session up till the moment of this report, as fears from deepening financial turmoil are increasing, with a general view of this week's full earnings and economic calendars. The European currency after moving in a narrow range through the day,...
World
E-commerce
EUR/USD Mid-Day Outlook
14.07.2008 11:21
actionforex.com
EUR/USD's retreat and touching of 1.5874 minor support indicates that an intraday top is in place. Some more consolidations could be seen but downside should be contained above 1.5611 support and bring another rise. As discussed before, consolidation from 1.6019 should have completed at 1.5302 and rise from there represents...
World
E-commerce
GBP/USD Mid-Day Outlook
14.07.2008 11:21
actionforex.com
Cable's retreat from 1.9959 was contained at 1.9814 and rebounds strongly in early US session. While further consolidation might still be seen, downside should be contained well above 1.9647 support and bring rally resumption. Further rise is still expected to test 2.0006 resistance first and break will confirm rise from...
World
E-commerce
English