World / E-commerce
EUR/JPY Daily Outlook
14.07.2008 04:14
actionforex.com
EUR/JPY consolidates below 169.66 high but remains firm. Intraday bias remains on the upside as long as 168.12 minor support holds and further rally should be seen to test 170 psychological resistance first. Break will bring rally to next near term target of 100% projection of 151.71 to 164.97 from...
World
E-commerce
AUD/USD Daily Outlook
14.07.2008 04:14
actionforex.com
AUD/USD continues to consolidate below 25 years high of 0.9716 today. Further rally is still in favor but note that near term trend line resistance at 0.9721 which could limit upside initially. Though, as long as 0.9597 support holds, another rise is still expected towards next target of 1.0000 psychological...
World
E-commerce
Technical Analysis for Crosses
14.07.2008 04:14
actionforex.com
The Euro rose to a record high against the Yen last week after breaching the 168.98 level successfully, but dropped slightly today to gather more upside momentum on intraday basis, the momentum indicators are showing the pair is being traded within an overbought area over the short and medium term...
World
E-commerce
Daily Report: Markets Stabilized by FNM/FRE Rescue Package
14.07.2008 04:14
actionforex.com
Markets are stabilized by US Treasury and Fed's rescue package to save Fannie Mae and Freddie Mac from further troubles and ensure both Government Sponsored Enterprises to continue to be key providers of mortgage credits in the US. Treasury Paulson asked Congress to inject capital into both GSEs trough investments...
World
E-commerce
Inflation Week
14.07.2008 04:14
actionforex.com
Welcome again dear reader for a new week in the financial markets, we would like to share with you the new perspective of the FX market after last week's tes-timonials and comments, and in light of this week's major inflation data from the world's largest economy.
World
E-commerce
Technical Analysis for Major Currencies
14.07.2008 04:14
actionforex.com
The pound appreciated yet lacked enough strength to successfully breach the key resistances. From here we believe that the pound will return to lower support levels in correctional movements to gather momentum and reverse to the upside. Trading above the 1.9835 level will provide the currency with the strength to...
World
E-commerce
US Treasury And Fed Trying To Salvage Freddoe & Fannie
14.07.2008 03:16
actionforex.com
Having seen the lows of 1.5971 against euro, USD has firmed on Paulson's announcement of funding plans for Freddie Mac and Fannie Mae. While an advance towards all-time highs at 1.6018 is again within sight, 1.5850 is acting as immediate support level.
World
E-commerce
Daily Financial Market Outlook
14.07.2008 03:16
actionforex.com
UK economic data this week may underline the growing divergence between inflation and growth, and highlight the dilemma for policymakers at the BoE. Strong PPI inflation data is forecast this morning and will set the stage for CPI tomorrow. The decision by the BoE to keep base rate on hold...
World
E-commerce
Treasury/Fed Are Out Trying To Shore Up Confidence
14.07.2008 03:16
actionforex.com
The mortgage lenders Fannie Mae and Freddie Mac were in the spotlight again on Friday as their shares traded as much as 50% lower on fears of their imminent demise, only to rally strongly into the close. Freddie Mac, in fact, rallied 100% from the day's lows. US Treasuries took...
World
E-commerce
EURUSD, AUDUSD, EURCHF Daily Outlook
14.07.2008 03:16
actionforex.com
The 1.59 region and the record high at 1.6019 are back on focus now that the Euro climbed into the mid 1.59 zone before pulling back to 1.5870. Current pullback seem corrective and new rallies are possible if the support levels at 1.5830 and 1.5770 hold. Resistance starts at 1.5930...
World
E-commerce
Euro Open: Can Producer Prices Force UK Rate Hike?
14.07.2008 03:16
actionforex.com
Today's calendar will be dominated by UK's June Producer Price Index (PPI). Firms typically pass on rising production costs to consumers by way of a higher purchase price for the final product, meaning PPI is a good leading indicator for consumer price growth and therefore the overall inflation rate. At...
World
E-commerce
Feds Ask for Authority
14.07.2008 03:15
actionforex.com
Fear is spreading once again in the markets, the threat of Fannie Mae and Freddie Mac of falling down is letting markets tumble, pressuring the US dollar to plunge against majors, after the US Treasury Secretary asked the Congress for authority in buying or supplying the two companies with some...
World
E-commerce
EURUSD - New All-Time High Ahead?
14.07.2008 03:15
actionforex.com
The dollar was almost panic sold Friday as the market feared that the financial crisis would escalate as the two giant mortgage lenders, Freddie Mac and Fannie Mae, might have to be taken over by the US government. Government officials including US Treasury Secretary Paulson tried to calm the market...
World
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FX Technical Analysis
14.07.2008 03:15
actionforex.com
EURUSD Comment: To put it crudely: if the US government takes over all $5 trillion of the GSE home lenders the debt-to-GDP ratio would double to 100% (and then the rating agencies would have to re-do their sums). Eventually this will sink in to investor psyche. We expect generalised US...
World
E-commerce
Asia Session Recap
14.07.2008 02:24
actionforex.com
The Dollar got up off of the canvas to fight another round today, after being severely battered on Friday by the woes of Freddie Mac, Fannie Mae, and IndyMac Bancorp's failure, which is the third largest bank failure in U.S. history. The Dollar rallied as The U.S. Treasury and the...
World
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