Action Forex |
- Daily Technical Outlook
- European woes eclipsed by US NFP data
- USDCHF traded in a narrow range
- New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
- European woes eclipsed by US NFP data
- USDCHF traded in a narrow range
- New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose
- Daily Technical Outlook
- European woes eclipsed by US NFP data
- USDCHF traded in a narrow range
| Posted: 04 Feb 2012 12:52 PM PST Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It's that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today's employment figures USD Index 79.50 provides a stable barrier to the ups |
| European woes eclipsed by US NFP data Posted: 04 Feb 2012 12:46 PM PST The last day of the trading week which has been dominated by news about the Greek debt swap deal is virtually devoid of any new information on the matter. Despite every day declarations made by various officials that the PSI agreement is very close to being finalized, doubts are growing over whether it will happen in the nearest future. The meeting of the Eurogroup planned for Monday, February 6, where the proble |
| USDCHF traded in a narrow range Posted: 04 Feb 2012 12:39 PM PST USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one more fall towards 0.8900 is still possible. However, a break above 0.9350 will indicate that the downward movement from 0.9594 had completed at 0. |
| New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 04 Feb 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 woes eclipsed by US NFP data Posted: 04 Feb 2012 11:45 AM PST The last day of the trading week which has been dominated by news about the Greek debt swap deal is virtually devoid of any new information on the matter. Despite every day declarations made by various officials that the PSI agreement is very close to being finalized, doubts are growing over whether it will happen in the nearest future. The meeting of the Eurogroup planned for Monday, February 6, where the proble |
| USDCHF traded in a narrow range Posted: 04 Feb 2012 11:41 AM PST USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one more fall towards 0.8900 is still possible. However, a break above 0.9350 will indicate that the downward movement from 0.9594 had completed at 0. |
| New Home Sales Dip, Orders of Durable Goods Advanced, Jobless Claims Rose Posted: 04 Feb 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: 04 Feb 2012 10:52 AM PST Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It's that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today's employment figures USD Index 79.50 provides a stable barrier to the ups |
| European woes eclipsed by US NFP data Posted: 04 Feb 2012 10:46 AM PST The last day of the trading week which has been dominated by news about the Greek debt swap deal is virtually devoid of any new information on the matter. Despite every day declarations made by various officials that the PSI agreement is very close to being finalized, doubts are growing over whether it will happen in the nearest future. The meeting of the Eurogroup planned for Monday, February 6, where the proble |
| USDCHF traded in a narrow range Posted: 04 Feb 2012 10:40 AM PST USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one more fall towards 0.8900 is still possible. However, a break above 0.9350 will indicate that the downward movement from 0.9594 had completed at 0. |
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