Thursday, 16 February 2012

Action Forex

Action Forex

EURUSD is facing 1.3026 support

Posted: 16 Feb 2012 03:40 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 16 Feb 2012 03:17 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

Daily technical outlook

Posted: 16 Feb 2012 02:52 AM 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

State of confusion over Greek rescue package continues

Posted: 16 Feb 2012 02:45 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 f

EURUSD is facing 1.3026 support

Posted: 16 Feb 2012 02:41 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 16 Feb 2012 02:18 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

State of confusion over Greek rescue package continues

Posted: 16 Feb 2012 01:45 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 f

EURUSD is facing 1.3026 support

Posted: 16 Feb 2012 01:40 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 16 Feb 2012 01:15 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

Daily technical outlook

Posted: 16 Feb 2012 12:54 AM 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
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