Monday, 6 February 2012

Action Forex

Action Forex


Troika presses for a quick deal on new Greek bailout terms

Posted: 06 Feb 2012 03:02 PM PST

Pressure mounts on Greek party leaders which are supposed to reach an agreement on further austerity measures required by the Troika in exchange for releasing the second bailout package. Without being able to pay for the 14.5 billion euro bond redemption on March 20 the country faces a disorderly default. The leaders of the parties supporting PM Lucas Papademos’s coalition government held a five hour meet

USDCHF broke above price channel

Posted: 06 Feb 2012 02:51 PM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Troika presses for a quick deal on new Greek bailout terms

Posted: 06 Feb 2012 01:49 PM PST

Pressure mounts on Greek party leaders which are supposed to reach an agreement on further austerity measures required by the Troika in exchange for releasing the second bailout package. Without being able to pay for the 14.5 billion euro bond redemption on March 20 the country faces a disorderly default. The leaders of the parties supporting PM Lucas Papademos’s coalition government held a five hour meet

USDCHF broke above price channel

Posted: 06 Feb 2012 01:42 PM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Daily technical outlook

Posted: 06 Feb 2012 01:03 PM PST

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $ 1.3050 earlier today. Ongoing decline is a result of yesterday's meeting between Greek PM Lucas Papademos and the leaders of three parties, which ended without any deal

Troika presses for a quick deal on new Greek bailout terms

Posted: 06 Feb 2012 12:50 PM PST

Pressure mounts on Greek party leaders which are supposed to reach an agreement on further austerity measures required by the Troika in exchange for releasing the second bailout package. Without being able to pay for the 14.5 billion euro bond redemption on March 20 the country faces a disorderly default. The leaders of the parties supporting PM Lucas Papademos’s coalition government held a five hour meet

USDCHF broke above price channel

Posted: 06 Feb 2012 12:45 PM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Troika presses for a quick deal on new Greek bailout terms

Posted: 06 Feb 2012 11:45 AM PST

Pressure mounts on Greek party leaders which are supposed to reach an agreement on further austerity measures required by the Troika in exchange for releasing the second bailout package. Without being able to pay for the 14.5 billion euro bond redemption on March 20 the country faces a disorderly default. The leaders of the parties supporting PM Lucas Papademos’s coalition government held a five hour meet

USDCHF broke above price channel

Posted: 06 Feb 2012 11:42 AM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

Daily technical outlook

Posted: 06 Feb 2012 10:56 AM PST

If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $ 1.3050 earlier today. Ongoing decline is a result of yesterday's meeting between Greek PM Lucas Papademos and the leaders of three parties, which ended without any deal

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