Action Forex |
- Daily technical outlook
- More assurances on Greek PSI deal
- USDCHF breaks above downward trend line
- Atypical Weather Trims Consumer Spending and GDP in 2011:Q4
- Markets gain on rumors of imminent Greek PSI deal
- USDCHF breaks above downward trend line
- Atypical Weather Trims Consumer Spending and GDP in 2011:Q4
- Daily technical outlook
- Markets gain on rumors of imminent Greek PSI deal
- USDCHF breaks above downward trend line
| Posted: 01 Feb 2012 02:53 PM PST The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region's debt crisis and sign off a permanent rescue fund for the eurozone. Here's a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it's a good idea to keep an eye |
| More assurances on Greek PSI deal Posted: 01 Feb 2012 02:45 PM PST Markets chose to be ‘risk on’ once again due to recent positioning concerns, as investors acknowledge that a general soft landing globally may be avoided. Broad-based upbeat manufacturing readings around the globe reaffirmed the conviction that concerns over a global economic slowdown may be overdone. Witth regards to the hot issue of having a resolution on the Greek debt-swap negoatiations, Greek Fin |
| USDCHF breaks above downward trend line Posted: 01 Feb 2012 02:45 PM PST USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, the bounce from 0.9114 is treated as consolidation of downtrend from 0.9594, and another fall towards 0.8900 is still possible after consolidation. On t |
| Atypical Weather Trims Consumer Spending and GDP in 2011:Q4 Posted: 01 Feb 2012 02:15 PM PST Posts Related to Atypical Weather Trims Consumer Spending and GDP in 2011:Q4Atypical Weather Trims Consumer Spending and GDP in 2011:Q4Real consumer spending slipped 0.1% in December after postings in October and November. All major components – durable goods (-0.1%), nondurables (-0.1%) and services (-0.1%) ... |
| Markets gain on rumors of imminent Greek PSI deal Posted: 01 Feb 2012 01:45 PM PST European markets rallied on Wednesday, due to positive manufacturing PMI data released in the morning, as well as rumors of Greece moving closer to finalizing the debt swap with its private creditors. Greek Finance Minister Evangelos Venizelos assured on Thursday night during a parliament committee meeting that the Greek government is "one formal step away from finalizing the PSI deal." According to Reuters he |
| USDCHF breaks above downward trend line Posted: 01 Feb 2012 01:40 PM PST USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, the bounce from 0.9114 is treated as consolidation of downtrend from 0.9594, and another fall towards 0.8900 is still possible after consolidation. On t |
| Atypical Weather Trims Consumer Spending and GDP in 2011:Q4 Posted: 01 Feb 2012 01:15 PM PST Real consumer spending slipped 0.1% in December after postings in October and November. All major components – durable goods (-0.1%), nondurables (-0.1%) and services (-0.1%) – fell in December and trimmed the pace of consumer spending in the fourth quarter. The weakness in consumer outlays on services stands out in the fourth quarter (see Chart 2). Service outlays rose only at an annual rate of 0.2%, while th |
| Posted: 01 Feb 2012 12:54 PM PST The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region's debt crisis and sign off a permanent rescue fund for the eurozone. Here's a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it's a good idea to keep an eye |
| Markets gain on rumors of imminent Greek PSI deal Posted: 01 Feb 2012 12:51 PM PST European markets rallied on Wednesday, due to positive manufacturing PMI data released in the morning, as well as rumors of Greece moving closer to finalizing the debt swap with its private creditors. Greek Finance Minister Evangelos Venizelos assured on Thursday night during a parliament committee meeting that the Greek government is "one formal step away from finalizing the PSI deal." According to Reuters he |
| USDCHF breaks above downward trend line Posted: 01 Feb 2012 12:42 PM PST USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, the bounce from 0.9114 is treated as consolidation of downtrend from 0.9594, and another fall towards 0.8900 is still possible after consolidation. On t |
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