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
| 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 |
| 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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