Action Forex |
- Daily technical outlook
- Stocks boosted on rumors of Greek deal
- AUDUSD rebounded from 1.0145
- January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014
- Stocks boosted on rumors of Greek deal
- AUDUSD rebounded from 1.0145
- January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014
- Daily technical outlook
- Stocks boosted on rumors of Greek deal
- AUDUSD rebounded from 1.0145
| Posted: 26 Jan 2012 02:54 PM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z |
| Stocks boosted on rumors of Greek deal Posted: 26 Jan 2012 02:50 PM PST The outcome of the Fed monetary policy meeting which took place on Wednesday as well as the recent developments in the Greek situation spurred market optimism on Thursday. Rumors circulate that the meeting between the head of the Institute of International Finance Charles Dallara and senior bankers in Paris resulted in a new private sector creditors offer of an interest rate of 3.75%. Negotiations with the Greek g |
| Posted: 26 Jan 2012 02:46 PM PST Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicat |
| January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014 Posted: 26 Jan 2012 02:21 PM PST The latest forward guidance from the Fed is that exceptionally low levels of the federal funds rate will prevail at least through late 2014. There was one dissent, with President Lacker of the Richmond Federal Reserve preferring to eliminate the description of the time period over which the federal funds rate would be left unchanged. The Fed changed its expectation about tightening to late-2014 from mid-2013 which |
| Stocks boosted on rumors of Greek deal Posted: 26 Jan 2012 01:46 PM PST The outcome of the Fed monetary policy meeting which took place on Wednesday as well as the recent developments in the Greek situation spurred market optimism on Thursday. Rumors circulate that the meeting between the head of the Institute of International Finance Charles Dallara and senior bankers in Paris resulted in a new private sector creditors offer of an interest rate of 3.75%. Negotiations with the Greek g |
| Posted: 26 Jan 2012 01:45 PM PST Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicat |
| January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014 Posted: 26 Jan 2012 01:16 PM PST The latest forward guidance from the Fed is that exceptionally low levels of the federal funds rate will prevail at least through late 2014. There was one dissent, with President Lacker of the Richmond Federal Reserve preferring to eliminate the description of the time period over which the federal funds rate would be left unchanged. The Fed changed its expectation about tightening to late-2014 from mid-2013 which |
| Posted: 26 Jan 2012 12:55 PM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z |
| Stocks boosted on rumors of Greek deal Posted: 26 Jan 2012 12:47 PM PST The outcome of the Fed monetary policy meeting which took place on Wednesday as well as the recent developments in the Greek situation spurred market optimism on Thursday. Rumors circulate that the meeting between the head of the Institute of International Finance Charles Dallara and senior bankers in Paris resulted in a new private sector creditors offer of an interest rate of 3.75%. Negotiations with the Greek g |
| Posted: 26 Jan 2012 12:45 PM PST Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicat |
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