Action Forex |
- Daily technical outlook
- Stocks higher on Greek austerity approval
- USDCHF has formed a cycle bottom at 0.9088
- Trade Gap Reflects Relative Strength of U.S. Economy
- Stocks higher on Greek austerity approval
- USDCHF has formed a cycle bottom at 0.9088
- Trade Gap Reflects Relative Strength of U.S. Economy
- Daily technical outlook
- Stocks higher on Greek austerity approval
- USDCHF has formed a cycle bottom at 0.9088
| Posted: 13 Feb 2012 02:53 PM PST "Buy when there's blood in the streets, even if the blood is your own." ~ Baron Rothschild Good morning. Euro recovered today as Greece passed austerity vote, at the cost of exteme violence and riots in Athens. Hence the dollar is trading lower, around Friday's opening price. USD Index Dollar opened lower today, erasing Friday's gains. Downside still in focus EURUSD Upside returns in focus after Asian |
| Stocks higher on Greek austerity approval Posted: 13 Feb 2012 02:48 PM PST On Sunday the Greek parliament finally approved the painfully drawn up package of austerity measures required by the Troika before it can proceed with the payment of the 3.3 billion euro rescue fund for the indebted country. This move spurred hope for an imminent resolution of the Greek crisis and markets reacted with optimism. The German DAX 30 rose by 0.76%, the French CAC 40 gained 0.55%, while Eurostoxx 50 was |
| USDCHF has formed a cycle bottom at 0.9088 Posted: 13 Feb 2012 02:44 PM PST USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days. Key resistance is at 0.9262, as long as this level holds, the price action in the range is treated as consolidation of the downtrend from 0.9594, and one more fall towards 0.9000 is still possible. However, a break above 0.9262 will indicate that the downtrend from 0.9594 ha |
| Trade Gap Reflects Relative Strength of U.S. Economy Posted: 13 Feb 2012 02:17 PM PST The trade deficit widened to $ 48.8 billion in December, putting the 2011 trade gap at $ 558 billion, the largest since 2008. Exports of goods and services advanced 0.7% in December, while imports of goods and services grew 1.3%. The advance estimate of fourth quarter real GDP contains assumptions about the trade deficit in December; the actual trade data for December suggest an upward revision of the 2.8% incre |
| Stocks higher on Greek austerity approval Posted: 13 Feb 2012 01:45 PM PST On Sunday the Greek parliament finally approved the painfully drawn up package of austerity measures required by the Troika before it can proceed with the payment of the 3.3 billion euro rescue fund for the indebted country. This move spurred hope for an imminent resolution of the Greek crisis and markets reacted with optimism. The German DAX 30 rose by 0.76%, the French CAC 40 gained 0.55%, while Eurostoxx 50 was |
| USDCHF has formed a cycle bottom at 0.9088 Posted: 13 Feb 2012 01:40 PM PST USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days. Key resistance is at 0.9262, as long as this level holds, the price action in the range is treated as consolidation of the downtrend from 0.9594, and one more fall towards 0.9000 is still possible. However, a break above 0.9262 will indicate that the downtrend from 0.9594 ha |
| Trade Gap Reflects Relative Strength of U.S. Economy Posted: 13 Feb 2012 01:18 PM PST The trade deficit widened to $ 48.8 billion in December, putting the 2011 trade gap at $ 558 billion, the largest since 2008. Exports of goods and services advanced 0.7% in December, while imports of goods and services grew 1.3%. The advance estimate of fourth quarter real GDP contains assumptions about the trade deficit in December; the actual trade data for December suggest an upward revision of the 2.8% incre |
| Posted: 13 Feb 2012 12:53 PM PST "Buy when there's blood in the streets, even if the blood is your own." ~ Baron Rothschild Good morning. Euro recovered today as Greece passed austerity vote, at the cost of exteme violence and riots in Athens. Hence the dollar is trading lower, around Friday's opening price. USD Index Dollar opened lower today, erasing Friday's gains. Downside still in focus EURUSD Upside returns in focus after Asian |
| Stocks higher on Greek austerity approval Posted: 13 Feb 2012 12:45 PM PST On Sunday the Greek parliament finally approved the painfully drawn up package of austerity measures required by the Troika before it can proceed with the payment of the 3.3 billion euro rescue fund for the indebted country. This move spurred hope for an imminent resolution of the Greek crisis and markets reacted with optimism. The German DAX 30 rose by 0.76%, the French CAC 40 gained 0.55%, while Eurostoxx 50 was |
| USDCHF has formed a cycle bottom at 0.9088 Posted: 13 Feb 2012 12:40 PM PST USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days. Key resistance is at 0.9262, as long as this level holds, the price action in the range is treated as consolidation of the downtrend from 0.9594, and one more fall towards 0.9000 is still possible. However, a break above 0.9262 will indicate that the downtrend from 0.9594 ha |
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