World / Economics & Finance
Daily Financial Market Outlook
03.07.2009 00:15
actionforex.com
The UK services PMI survey is likely to garner the most attention today, with US markets are closed. The manufacturing survey, released on Wednesday, rose more than expected to 47.0 in June from 45.4, while yesterday's construction PMI fell slightly to 44.5 from 45.9 - both have improved significantly from...
World
E-commerce
Dismal Headline Non-Farm Payrolls Wipe Out All The Positive Vibes From Earlier In The Week
03.07.2009 00:15
actionforex.com
Markets had set themselves up for a shock into the non-farm payrolls number, with analysts quite optimistic for a better number. However this was not to be and the headline number disappointed with 467k jobs lost in June compared with 365k expected. The unemployment rate also crept closer to the...
World
E-commerce
FX Technical Analysis
03.07.2009 00:15
actionforex.com
EURUSD Comment: Messy and we remind that a weekly close above 1.4200 is the absolute minimum needed to confirm an important upside break. Until then we shall have to allow for yet more random consolidation within the recent range.
World
E-commerce
USD/CAD Daily Outlook
03.07.2009 00:15
actionforex.com
While rebounded strongly, USD/CAD is still limited below 1.1653 as well as 38.2% retracement of 1.3063 to 1.0784 at 1.1655. Outlook remains neutral for the moment. A short term top is in place on bearish divergence conditions in 4 hours MACD and RSI. Some more consolidation could be seen with...
World
E-commerce
Daily Report: Dollar Pares Gains as Markets Stabilize
03.07.2009 00:15
actionforex.com
Markets stabilize in today's Asian session with dollar and yen giving back some of yesterday's sharp gain. Asian stocks opened lower following yesterday's -223 pts fall in DOW but recover. While much volatility was seen during the week, no breakthrough is seen in the markets yet and major currencies are...
World
E-commerce
Technical Analysis for Crosses
03.07.2009 00:15
actionforex.com
Influenced by the strong resistance areas of 61.8% Fibonacci, the pair declined aggressively, reaching our detected target -check it here-. Now, Sterling vs. Japanese yen has found a solid technical support of the golden Fibonacci expansion ratio as seen on the above four-hour chart, which helped it to form a...
World
E-commerce
EURUSD, AUDUSD, EURCHF Daily Outlook
03.07.2009 00:15
actionforex.com
Intra-day support on the 1.4100 failed to hold on yesterday and the pullback extended in the overnight trading to 1.2930, before recovering to 1.4000 at the time of this writing. Minor resistance is formed by the 1.4 handle and a breach above would open the more notable barrier at 1.4050/65...
World
E-commerce
Asia Session Recap
03.07.2009 00:15
actionforex.com
The last day of the Asian week ended in a dynamic fashion right out of the gate as the Euro extended losses against the US Dollar as it collapsed almost 175 pips in a wave of stop loss selling in a thinned market. After yesterday's poor US employment data cast...
World
E-commerce
Today's Key Points
03.07.2009 00:15
actionforex.com
Also a quiet day in the FX markets with no major key events and the US market closed. The weak non-farm payrolls kicked the remainders of risk appetite out of the market and the market rushed to the safety of the dollar, despite the numbers underlining that the US economy...
World
E-commerce
Technical Analysis for Major Currencies
03.07.2009 00:15
actionforex.com
The Euro versus Dollar pair was able to reach the key support for the ascending channel at 1.3955 in an attempt to breach it yet failed to close below it keeping the uptrend within the channel valid targeting 1.4230. We expect the pair is to incline on the intraday basis...
World
E-commerce
Major Pairs Advanced Throughout The Asian Session
03.07.2009 00:15
actionforex.com
Overall, the major currencies gained a few pips compared to the dollar throughout the Asian session, which denotes that for now, the market is buying risk. The moves pulled until now still need to be confirmed by the London open, because it is too early to tell if these moves...
World
E-commerce
Asian Market Update
03.07.2009 00:15
actionforex.com
In currencies, the US dollar and yen opened the session stronger, however both currencies have since pared their gains as dealers attributed the earlier moves to 'stop hunting' and illiquid market conditions. EUR/USD moved below 1.400 in Asia, but has since pared its losses. Additionally, the Swiss Franc and pound...
World
E-commerce
Technical Analysis Daily: EUR/USD
03.07.2009 00:15
actionforex.com
Euro/Dollar made a significant downward movement on Thursday. The currency couple made a top at 1.4148, than descended down to the 1.3933 bottom, closing the day at 1.4002. Technically the fact, that the 1.4000 support was penetrated downwards should create conditions for decreasing scenario with targets towards 1.3930, followed by...
World
E-commerce
Forex and Dow Jones Recommended Levels
03.07.2009 00:15
actionforex.com
EUR/USD Today's support: - 1.3950(main), where correction is possible. Break would give 1.3938, where correction also may be. Then follows 1.3910. Break of the latter would result in 1.3897. If a strong impulse, we would see 1.3860. Continuation will give 1.3843.
World
E-commerce
Soybeans squeezed by economics
03.07.2009 00:11
iowafarmertoday.com
Iowa Farmer Today NEWTON --- Derek Winkel isn’t trying to put down soybean oil. He’s just saying it straight.
Iowa
Agriculture
English