Wednesday, 15 February 2012

Action Forex

Action Forex


January Retail Sales – Decelerating Trend Remains in Place

Posted: 15 Feb 2012 02:22 PM PST

Retail sales increased 0.4% in January after a steady reading in December. The December estimate was revised down slightly from the earlier reading of 0.1%. In January, auto purchases in the retail sales report show a 1.1% decline, while unit auto sales increased to an annual rate of 14.2 million units in January vs. 13.6 million units in December. Unit auto sales matter in the computation of consumer spending. Ga

Euro falls on possible delay of Greek bailout

Posted: 15 Feb 2012 01:45 PM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections. Germany, Finland and the Netherlands are the countries pushing for su

USDCAD pulled back from 1.0038

Posted: 15 Feb 2012 01:39 PM PST

After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long as 1.0038 level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0318, and one more fall to 0.9800 is still possible. On the other side, a break above 1.0038 will confirm that

January Retail Sales – Decelerating Trend Remains in Place

Posted: 15 Feb 2012 01:15 PM PST

Retail sales increased 0.4% in January after a steady reading in December. The December estimate was revised down slightly from the earlier reading of 0.1%. In January, auto purchases in the retail sales report show a 1.1% decline, while unit auto sales increased to an annual rate of 14.2 million units in January vs. 13.6 million units in December. Unit auto sales matter in the computation of consumer spending. Ga

Daily technical outlook

Posted: 15 Feb 2012 12:53 PM PST

Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $ 1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. We shall see within the next few trading sessions, so keep an eye

Euro falls on possible delay of Greek bailout

Posted: 15 Feb 2012 12:45 PM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections. Germany, Finland and the Netherlands are the countries pushing for su

USDCAD pulled back from 1.0038

Posted: 15 Feb 2012 12:40 PM PST

After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long as 1.0038 level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0318, and one more fall to 0.9800 is still possible. On the other side, a break above 1.0038 will confirm that

January Retail Sales – Decelerating Trend Remains in Place

Posted: 15 Feb 2012 12:15 PM PST

Retail sales increased 0.4% in January after a steady reading in December. The December estimate was revised down slightly from the earlier reading of 0.1%. In January, auto purchases in the retail sales report show a 1.1% decline, while unit auto sales increased to an annual rate of 14.2 million units in January vs. 13.6 million units in December. Unit auto sales matter in the computation of consumer spending. Ga

Euro falls on possible delay of Greek bailout

Posted: 15 Feb 2012 11:46 AM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections. Germany, Finland and the Netherlands are the countries pushing for su

USDCAD pulled back from 1.0038

Posted: 15 Feb 2012 11:41 AM PST

After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long as 1.0038 level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0318, and one more fall to 0.9800 is still possible. On the other side, a break above 1.0038 will confirm that

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