World / E-commerce
Weekly Technical Commentary
14.07.2008 08:14
actionforex.com
The strongest weekly close ever hints that the Euro is setting up for an imminent re-test of the all-time high at 1.6020. Allow for some hesitation this week, here and in equity indices, as investors hope Fed actions will stop the rot. Of course they won't, just as Northern Rock...
World
E-commerce
Squeezing the Internet for Political Cash, Part 2: The March to November
14.07.2008 07:16
ecommercetimes.com
Much has been made of Barack Obama's public comments on whether or not he would choose to acc 5b4 ept public financing for his general election campaign and Republican presidential nominee John McCain's reactions to those comments. However, the legal and political issues are far more complex than the general press is reporting.
World
E-commerce
Economics Weekly: UK Inflation Data Key this Week
14.07.2008 07:16
actionforex.com
The UK, the US and the Eurozone (final) CPI inflation data are likely to highlight the monetary policy dilemma facing central banks. The Bank of England kept base rates steady at 5% at last week's MPC meeting, despite CPI inflation running well above the 2% target and projected at 3.6%...
World
E-commerce
CPI Data Key For Sterling
14.07.2008 07:16
actionforex.com
The consumer inflation data on Tuesday will be crucial for near-term Sterling direction with volatility a key feature during Tuesday. Sterling found support close to 0.80 against the Euro for most of the day, but dipped through this level late in US trading as liquidity declined and global financial risk...
World
E-commerce
Fannie Mae & Freddie Mac Developments
14.07.2008 07:16
actionforex.com
The Federal Reserve and U.S. Treasury Department announced a series of measures to bolster confidence and the liquidity position of Fannie Mae and Freddie Mac. The Federal Reserve announced Sunday night that it will allow Fannie Mae and Freddie Mac to borrow from the discount window at the primary credit...
World
E-commerce
USD Rebounds
14.07.2008 07:16
actionforex.com
Over the weekend U.S Treasury Secretary Henry Paulson stood up to support the two biggest mortgage companies Freddie Mac and Fannie Mae, that account for half U.S mortgages worth $12 trillion. There are worries in the market that the ongoing financial crisis will collapse the giants deepening the fall down...
World
E-commerce
5 Key Events for the Forex Market This Week 07.14.08
14.07.2008 07:16
actionforex.com
The US dollar, British pound, euro, and Canadian dollar ALL face significant event risk this week. However, volatility may be contained to two days, as the most important releases will hit the wires on Tuesday and Wednesday. If there is one thing to watch, though, it will likely be Federal...
World
E-commerce
Currency Technical Report
14.07.2008 07:16
actionforex.com
EUR/USD: The upward break of 1,5835 led us to a reduction in the positions that were opened again at 1.5910 and 1.5950-70 area, according to our basic scenario. We keep our stops above 1.6080 area. If resistance levels are breached and the move reaches new tops, we will change our...
World
E-commerce
Forex Technical Analytics
14.07.2008 06:16
actionforex.com
The pre-planned breakout variant for sells has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the progress of bearish activity preserves the priority of attendant planning for today. Hence and because of ascending direction of indicator chart with the feature of strengthening of bullish counteraction,...
World
E-commerce
European Market Update
14.07.2008 06:16
actionforex.com
The USD was modestly firmer during the European session aided by the US Treasury's Paulson's weekend commitment to back GSEs. Dealers were also attributing USD strength to M&A related flows after InBev and Bud agreed to merge in a $52B transaction. The EUR/USD is around 1.5860, lower by 45 pips...
World
E-commerce
Currency Pair Daily Forecasts
14.07.2008 06:16
actionforex.com
EUR/USD-market strategy can be a buy from the level 1.5860$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing the zero line. In order to find the power of the market, we...
World
E-commerce
Dollar Bounces As GSE's Propped Up - Crisis Averted Or Merely Delayed?
14.07.2008 06:15
actionforex.com
After gapping higher on the open EURUSD slipped back below the 1.5900 figure and traded all the way down to 1.5840 on the news that the Federal Reserve Bank of New York will provide a primary line of credit to Fannie Mae and Freddie Mac 'should such lending be necessary'....
World
E-commerce
Dollar Strengthens As Treasury And Fed Seek Stake In Freddie And Fannie
14.07.2008 06:15
actionforex.com
The dollar rose for the first time in four days against the euro after U.S. Treasury Secretary Henry Paulson announced funding plans for Freddie Mac and Fannie Mae to restore confidence in financial markets. The currency climbed against the yen after Paulson asked Congress for the authority to buy unlimited...
World
E-commerce
U.K. Factory Gate Prices Rise At Fastest Pace in 22 Years
14.07.2008 06:15
actionforex.com
U.K. Prices at the factory gate in June rose 10% from 9.3% the month prior, which was the fastest pace since 1986. Manufacturers are passing on the increased costs of oil and raw materials to consumers, which should keep inflation above the BoE's 3% threshold for the remainder of the...
World
E-commerce
Forex Technical Analysis
14.07.2008 05:19
actionforex.com
EUR/USD is in an uptrend from recent bottom at 1.5301, that was the final of the prolonged consolidation since 1.5909 (17 March 2008). Technical indicators are slowly rising and trading is situated above the 50- and 200-Day SMA, currently projected at 1.5609 and 1.5095.
World
E-commerce
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