Action Forex |
- Daily technical outlook
- Greek party leaders reach agreement on austerity plan
- USDCHF broke above price channel
- Different Measures of Unemployment, but Consistent Story is Visible
- Greek party leaders reach agreement on austerity plan
- USDCHF broke above price channel
- January Employment Situation – Widespread Improvement, but Noticeably Short of Full Employment Mandate
- Daily technical outlook
- Greek party leaders reach agreement on austerity plan
- USDCHF broke above price channel
| Posted: 09 Feb 2012 02:54 PM PST We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today's economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today USD Index It seems that a test of next support at 7 |
| Greek party leaders reach agreement on austerity plan Posted: 09 Feb 2012 02:45 PM PST Just four hours before the start of the Ecofin meeting, Greek politicians finally managed to finalize talks on the austerity measures plan. This means that the indebted country can now be granted the 130 billion euro bailout by the Troika. Kathy Lien, Director of Currency Research for GFT comments: "If everything goes smoothly, Greece will receive bailout funds just in time to avoid default. Before getting too |
| USDCHF broke above price channel Posted: 09 Feb 2012 02:40 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 |
| Different Measures of Unemployment, but Consistent Story is Visible Posted: 09 Feb 2012 02:23 PM PST The civilian unemployment rate declined to 8.3% in January from 8.5% in the prior month and is noticeably lower than the year ago reading of 9.1% (see Chart 1). The jobless rate in the Great Recession peaked at 10.0% in October 2009. The elevated unemployment after ten quarters of economic growth remains one of the top concerns of the Fed. Frequently, measures of unemployment different from the headline number are |
| Greek party leaders reach agreement on austerity plan Posted: 09 Feb 2012 01:56 PM PST Just four hours before the start of the Ecofin meeting, Greek politicians finally managed to finalize talks on the austerity measures plan. This means that the indebted country can now be granted the 130 billion euro bailout by the Troika. Kathy Lien, Director of Currency Research for GFT comments: "If everything goes smoothly, Greece will receive bailout funds just in time to avoid default. Before getting too |
| USDCHF broke above price channel Posted: 09 Feb 2012 01:43 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 |
| Posted: 09 Feb 2012 01:17 PM PST Civilian Unemployment Rate: 8.3% in January, down from 8.5% in December. Cycle high jobless rate for the recent recession is 10.0% registered in October 2009. Payroll Employment: +243,000 jobs in January vs. +203,000 in December. Private sector jobs increased 257,000 after a gain of 220,000 in December. A net gain of 60,000 jobs followed after revisions to payroll estimates of November and December Private Sector |
| Posted: 09 Feb 2012 12:52 PM PST We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today's economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today USD Index It seems that a test of next support at 7 |
| Greek party leaders reach agreement on austerity plan Posted: 09 Feb 2012 12:45 PM PST Just four hours before the start of the Ecofin meeting, Greek politicians finally managed to finalize talks on the austerity measures plan. This means that the indebted country can now be granted the 130 billion euro bailout by the Troika. Kathy Lien, Director of Currency Research for GFT comments: "If everything goes smoothly, Greece will receive bailout funds just in time to avoid default. Before getting too |
| USDCHF broke above price channel Posted: 09 Feb 2012 12:43 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 |
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