Action Forex

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• Atypical Weather Trims Consumer Spending and GDP in 2011:Q4
• Daily technical outlook
• EU summit brings little progress; Greek PSI deal possible by week’s end
• EURUSD rebounded from 1.3077
• Atypical Weather Trims Consumer Spending and GDP in 2011:Q4
• EU summit brings little progress; Greek PSI deal possible by week’s end
• EURUSD rebounded from 1.3077
• Atypical Weather Trims Consumer Spending and GDP in 2011:Q4
• Daily technical outlook
• EU summit brings little progress; Greek PSI deal possible by week’s end

Atypical Weather Trims Consumer Spending and GDP in 2011:Q4 Posted: 31 Jan 2012 01:15 PM PST Real consumer spending slipped 0.1% in December after postings in October and November. All major components – durable goods (-0.1%), nondurables (-0.1%) and services (-0.1%) – fell in December and trimmed the pace of consumer spending in the fourth quarter. The weakness in consumer outlays on services stands out in the fourth quarter (see Chart 2). Service outlays rose only at an annual rate of 0.2%, while th

Daily technical outlook Posted: 31 Jan 2012 12:52 PM PST The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region's debt crisis and sign off a permanent rescue fund for the eurozone. Here's a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it's a good idea to keep an eye

EU summit brings little progress; Greek PSI deal possible by week’s end Posted: 31 Jan 2012 12:46 PM PST As the second day of the EU summit is drawing to a close, no breakthrough in the Greek PSI negotiations can be seen. Despite the fact that officially EU leaders focus on the stimulation of growth and employment in the area, the Greek debt swap deal is a crucial issue and a important element of the combat against the debt crisis. Lack of an agreement with private creditors means no further bailout money for Athens

EURUSD rebounded from 1.3077 Posted: 31 Jan 2012 12:39 PM PST After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below 1.3077 will suggest that a cycle top has been formed at 1.3233 on 4-hour chart, then pullback towards 1.2800-1.2900 area could be seen.

Atypical Weather Trims Consumer Spending and GDP in 2011:Q4 Posted: 31 Jan 2012 12:18 PM PST Real consumer spending slipped 0.1% in December after postings in October and November. All major components – durable goods (-0.1%), nondurables (-0.1%) and services (-0.1%) – fell in December and trimmed the pace of consumer spending in the fourth quarter. The weakness in consumer outlays on services stands out in the fourth quarter (see Chart 2). Service outlays rose only at an annual rate of 0.2%, while th

EU summit brings little progress; Greek PSI deal possible by week’s end Posted: 31 Jan 2012 11:50 AM PST As the second day of the EU summit is drawing to a close, no breakthrough in the Greek PSI negotiations can be seen. Despite the fact that officially EU leaders focus on the stimulation of growth and employment in the area, the Greek debt swap deal is a crucial issue and a important element of the combat against the debt crisis. Lack of an agreement with private creditors means no further bailout money for Athens

EURUSD rebounded from 1.3077 Posted: 31 Jan 2012 11:44 AM PST After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below 1.3077 will suggest that a cycle top has been formed at 1.3233 on 4-hour chart, then pullback towards 1.2800-1.2900 area could be seen.

Atypical Weather Trims Consumer Spending and GDP in 2011:Q4 Posted: 31 Jan 2012 11:15 AM PST Real consumer spending slipped 0.1% in December after postings in October and November. All major components – durable goods (-0.1%), nondurables (-0.1%) and services (-0.1%) – fell in December and trimmed the pace of consumer spending in the fourth quarter. The weakness in consumer outlays on services stands out in the fourth quarter (see Chart 2). Service outlays rose only at an annual rate of 0.2%, while th

Daily technical outlook Posted: 31 Jan 2012 10:53 AM PST The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region's debt crisis and sign off a permanent rescue fund for the eurozone. Here's a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it's a good idea to keep an eye

EU summit brings little progress; Greek PSI deal possible by week’s end Posted: 31 Jan 2012 10:45 AM PST As the second day of the EU summit is drawing to a close, no breakthrough in the Greek PSI negotiations can be seen. Despite the fact that officially EU leaders focus on the stimulation of growth and employment in the area, the Greek debt swap deal is a crucial issue and a important element of the combat against the debt crisis. Lack of an agreement with private creditors means no further bailout money for Athens

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Action Forex

---

• Daily technical outlook
• European markets fall ahead of summit; Italy 10-year yields drop to 6.8% at debt sale
• AUDUSD pulled back from 1.0687
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• European markets fall ahead of summit; Italy 10-year yields drop to 6.8% at debt sale
• AUDUSD pulled back from 1.0687
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Daily technical outlook
• European markets fall ahead of summit; Italy 10-year yields drop to 6.8% at debt sale
• AUDUSD pulled back from 1.0687

Daily technical outlook Posted: 30 Jan 2012 12:54 PM PST The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region's debt crisis and sign off a permanent rescue fund for the eurozone. Here's a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it's a good idea to keep an eye

European markets fall ahead of summit; Italy 10-year yields drop to 6.8% at debt sale Posted: 30 Jan 2012 12:46 PM PST As EU leaders are arriving in Brussels for the first economic summit of the year, European stocks extend losses due to uncertainties whether  the meeting will bring viable solutions to the debt crisis in the area. The talks will center on the situation in Greece, where a PSI deal is expected to be finalized in the upcoming days. The next tranche of aid for the country cannot be released until an agreement in

AUDUSD pulled back from 1.0687 Posted: 30 Jan 2012 12:41 PM PST Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support holds, the fall could be treated as consolidation of uptrend from 0.9861, another rise towards 1.0900 is still possible after consolidation, a

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 30 Jan 2012 12:15 PM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

European markets fall ahead of summit; Italy 10-year yields drop to 6.8% at debt sale Posted: 30 Jan 2012 11:50 AM PST As EU leaders are arriving in Brussels for the first economic summit of the year, European stocks extend losses due to uncertainties whether  the meeting will bring viable solutions to the debt crisis in the area. The talks will center on the situation in Greece, where a PSI deal is expected to be finalized in the upcoming days. The next tranche of aid for the country cannot be released until an agreement in

AUDUSD pulled back from 1.0687 Posted: 30 Jan 2012 11:45 AM PST Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support holds, the fall could be treated as consolidation of uptrend from 0.9861, another rise towards 1.0900 is still possible after consolidation, a

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 30 Jan 2012 11:15 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Daily technical outlook Posted: 30 Jan 2012 10:53 AM PST The trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region's debt crisis and sign off a permanent rescue fund for the eurozone. Here's a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it's a good idea to keep an eye

European markets fall ahead of summit; Italy 10-year yields drop to 6.8% at debt sale Posted: 30 Jan 2012 10:45 AM PST As EU leaders are arriving in Brussels for the first economic summit of the year, European stocks extend losses due to uncertainties whether  the meeting will bring viable solutions to the debt crisis in the area. The talks will center on the situation in Greece, where a PSI deal is expected to be finalized in the upcoming days. The next tranche of aid for the country cannot be released until an agreement in

AUDUSD pulled back from 1.0687 Posted: 30 Jan 2012 10:42 AM PST Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support holds, the fall could be treated as consolidation of uptrend from 0.9861, another rise towards 1.0900 is still possible after consolidation, a

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Action Forex

---

• Daily technical outlook
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Daily technical outlook
• Daily technical outlook
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations

Daily technical outlook Posted: 29 Jan 2012 01:01 PM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 29 Jan 2012 12:46 PM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 29 Jan 2012 12:16 PM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 29 Jan 2012 11:46 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 29 Jan 2012 11:15 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Daily technical outlook Posted: 29 Jan 2012 10:53 AM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Daily technical outlook Posted: 29 Jan 2012 10:53 AM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 29 Jan 2012 10:45 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 29 Jan 2012 10:15 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 29 Jan 2012 09:48 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

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Action Forex

---

• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Daily technical outlook
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Daily technical outlook
• Euro ends week with strong gains despite Fitch downgrade of five euro zone nations

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 28 Jan 2012 12:16 PM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 28 Jan 2012 11:45 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 28 Jan 2012 11:15 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Daily technical outlook Posted: 28 Jan 2012 10:52 AM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 28 Jan 2012 10:45 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 28 Jan 2012 10:18 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 28 Jan 2012 09:46 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 28 Jan 2012 09:19 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Daily technical outlook Posted: 28 Jan 2012 08:55 AM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Euro ends week with strong gains despite Fitch downgrade of five euro zone nations Posted: 28 Jan 2012 08:45 AM PST On Friday, Fitch Ratings cut the credit ratings of five euro zone nations Belgium, Cyprus, Italy, Slovenia and Spain, while affirming Ireland’s credit rating as it concluded the review of the six euro zone sovereigns it placed on Rating Watch Negative (RWN) on 16 December 2011. Fitch downgraded Italy to A minus from A+, while Spain was cut to A from AA-, both nations by 2 notches. Belgium was cut to AA from

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Action Forex

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• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Daily technical outlook
• Markets fall amid worries about Greek debt deal
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Markets fall amid worries about Greek debt deal
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
• Forex: Benefits of Trading the Forex Market
• Daily technical outlook
• Markets fall amid worries about Greek debt deal
• New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 27 Jan 2012 01:20 PM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Daily technical outlook Posted: 27 Jan 2012 12:52 PM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Markets fall amid worries about Greek debt deal Posted: 27 Jan 2012 12:46 PM PST Despite showing gains in early trade on Friday, European stocks began falling before a meeting between Greek PM Lucas Papademos and the head of the Institute of International Finance Charles Dallara, scheduled for 16:30 GMT. The officials will continue negotiations on the debt swap, with the objective to finalize the deal with private creditors as soon as possible. According to comments made by Deutsche Bank CEO J

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 27 Jan 2012 12:18 PM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Markets fall amid worries about Greek debt deal Posted: 27 Jan 2012 11:45 AM PST Despite showing gains in early trade on Friday, European stocks began falling before a meeting between Greek PM Lucas Papademos and the head of the Institute of International Finance Charles Dallara, scheduled for 16:30 GMT. The officials will continue negotiations on the debt swap, with the objective to finalize the deal with private creditors as soon as possible. According to comments made by Deutsche Bank CEO J

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 27 Jan 2012 11:15 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

Forex: Benefits of Trading the Forex Market Posted: 27 Jan 2012 10:59 AM PST Back to Forex Article List Trading the Forex market has become very popular in the last years. Why is it that traders around the world see the Forex market as an investment opportunity? We will try to answer this question in this article. Also we will discuss come differences between the Forex market, the stocks market and the futures market. Some of the benefits of trading the Forex market are: Superior liqui

Daily technical outlook Posted: 27 Jan 2012 10:52 AM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Markets fall amid worries about Greek debt deal Posted: 27 Jan 2012 10:45 AM PST Despite showing gains in early trade on Friday, European stocks began falling before a meeting between Greek PM Lucas Papademos and the head of the Institute of International Finance Charles Dallara, scheduled for 16:30 GMT. The officials will continue negotiations on the debt swap, with the objective to finalize the deal with private creditors as soon as possible. According to comments made by Deutsche Bank CEO J

New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 27 Jan 2012 10:16 AM PST Sales of new single-family homes fell 2.2% to an annual rate of 307,000 in December, putting the annual average at 303,000 units. The tally of sales of new single-family homes in 2011 is the lowest on record (see Chart 1). On a quarterly basis, sales of new homes (see Chart 2) have been nearly flat for 2 years. The median price of a new single-family dropped to $ 210, 300, down sharply from a year ago. The inve

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Action Forex

---

• Daily technical outlook
• Stocks boosted on rumors of Greek deal
• AUDUSD rebounded from 1.0145
• January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014
• Stocks boosted on rumors of Greek deal
• AUDUSD rebounded from 1.0145
• January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014
• Daily technical outlook
• Stocks boosted on rumors of Greek deal
• AUDUSD rebounded from 1.0145

Daily technical outlook Posted: 26 Jan 2012 12:55 PM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Stocks boosted on rumors of Greek deal Posted: 26 Jan 2012 12:47 PM PST The outcome of the Fed monetary policy meeting which took place on Wednesday as well as the recent developments in the Greek situation spurred market optimism on Thursday. Rumors circulate that the meeting between the head of the Institute of International Finance Charles Dallara and senior bankers in Paris resulted in a new private sector creditors offer of an interest rate of 3.75%. Negotiations with the Greek g

AUDUSD rebounded from 1.0145 Posted: 26 Jan 2012 12:45 PM PST Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicat

January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014 Posted: 26 Jan 2012 12:17 PM PST The latest forward guidance from the Fed is that exceptionally low levels of the federal funds rate will prevail at least through late 2014. There was one dissent, with President Lacker of the Richmond Federal Reserve preferring to eliminate the description of the time period over which the federal funds rate would be left unchanged. The Fed changed its expectation about tightening to late-2014 from mid-2013 which

Stocks boosted on rumors of Greek deal Posted: 26 Jan 2012 11:46 AM PST The outcome of the Fed monetary policy meeting which took place on Wednesday as well as the recent developments in the Greek situation spurred market optimism on Thursday. Rumors circulate that the meeting between the head of the Institute of International Finance Charles Dallara and senior bankers in Paris resulted in a new private sector creditors offer of an interest rate of 3.75%. Negotiations with the Greek g

AUDUSD rebounded from 1.0145 Posted: 26 Jan 2012 11:42 AM PST Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicat

January 24-25 FOMC Meeting – Fed Extends Low Rate Forecast to 2014 Posted: 26 Jan 2012 11:17 AM PST The latest forward guidance from the Fed is that exceptionally low levels of the federal funds rate will prevail at least through late 2014. There was one dissent, with President Lacker of the Richmond Federal Reserve preferring to eliminate the description of the time period over which the federal funds rate would be left unchanged. The Fed changed its expectation about tightening to late-2014 from mid-2013 which

Daily technical outlook Posted: 26 Jan 2012 10:52 AM PST Good morning. Dollar's decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it's not a good idea to buy dips but rather consider new selling opportunities with stops above former support z

Stocks boosted on rumors of Greek deal Posted: 26 Jan 2012 10:46 AM PST The outcome of the Fed monetary policy meeting which took place on Wednesday as well as the recent developments in the Greek situation spurred market optimism on Thursday. Rumors circulate that the meeting between the head of the Institute of International Finance Charles Dallara and senior bankers in Paris resulted in a new private sector creditors offer of an interest rate of 3.75%. Negotiations with the Greek g

AUDUSD rebounded from 1.0145 Posted: 26 Jan 2012 10:44 AM PST Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicat

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