Friday, 27 January 2012

Action Forex

Action Forex

Daily technical outlook

Posted: 27 Jan 2012 02:53 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

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations

Posted: 27 Jan 2012 02:47 PM PST

On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

Daily Forex and Dow Jones Recommended Levels

Posted: 27 Jan 2012 02:37 PM PST

Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of t

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose

Posted: 27 Jan 2012 02:21 PM PST

Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations

Posted: 27 Jan 2012 01:48 PM PST

On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose

Posted: 27 Jan 2012 01:20 PM PST

Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Daily technical outlook

Posted: 27 Jan 2012 12:52 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

Markets fall amid worries about Greek debt deal

Posted: 27 Jan 2012 12:46 PM PST

Despite showing gains in early trade on Friday, European stocks began falling before a meeting between Greek PM Lucas Papademos and the head of the Institute of International Finance Charles Dallara, scheduled for 16:30 GMT. The officials will continue negotiations on the debt swap, with the objective to finalize the deal with private creditors as soon as possible. According to comments made by Deutsche Bank CEO J

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose

Posted: 27 Jan 2012 12:18 PM PST

Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Markets fall amid worries about Greek debt deal

Posted: 27 Jan 2012 11:45 AM PST

Despite showing gains in early trade on Friday, European stocks began falling before a meeting between Greek PM Lucas Papademos and the head of the Institute of International Finance Charles Dallara, scheduled for 16:30 GMT. The officials will continue negotiations on the debt swap, with the objective to finalize the deal with private creditors as soon as possible. According to comments made by Deutsche Bank CEO J
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