Thursday, 9 February 2012

Action Forex

Action Forex


January Employment Situation – Widespread Improvement, but Noticeably Short of Full Employment Mandate

Posted: 09 Feb 2012 01:17 PM PST

Civilian Unemployment Rate: 8.3% in January, down from 8.5% in December. Cycle high jobless rate for the recent recession is 10.0% registered in October 2009. Payroll Employment: +243,000 jobs in January vs. +203,000 in December. Private sector jobs increased 257,000 after a gain of 220,000 in December. A net gain of 60,000 jobs followed after revisions to payroll estimates of November and December Private Sector

Daily technical outlook

Posted: 09 Feb 2012 12:52 PM PST

We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today's economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today USD Index It seems that a test of next support at 7

Greek party leaders reach agreement on austerity plan

Posted: 09 Feb 2012 12:45 PM PST

Just four hours before the start of the Ecofin meeting, Greek politicians finally managed to finalize talks on the austerity measures plan. This means that the indebted country can now be granted the 130 billion euro bailout by the Troika. Kathy Lien, Director of Currency Research for GFT comments: "If everything goes smoothly, Greece will receive bailout funds just in time to avoid default. Before getting too

USDCHF broke above price channel

Posted: 09 Feb 2012 12:43 PM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

January Employment Situation – Widespread Improvement, but Noticeably Short of Full Employment Mandate

Posted: 09 Feb 2012 12:16 PM PST

Civilian Unemployment Rate: 8.3% in January, down from 8.5% in December. Cycle high jobless rate for the recent recession is 10.0% registered in October 2009. Payroll Employment: +243,000 jobs in January vs. +203,000 in December. Private sector jobs increased 257,000 after a gain of 220,000 in December. A net gain of 60,000 jobs followed after revisions to payroll estimates of November and December Private Sector

Greek party leaders reach agreement on austerity plan

Posted: 09 Feb 2012 11:47 AM PST

Just four hours before the start of the Ecofin meeting, Greek politicians finally managed to finalize talks on the austerity measures plan. This means that the indebted country can now be granted the 130 billion euro bailout by the Troika. Kathy Lien, Director of Currency Research for GFT comments: "If everything goes smoothly, Greece will receive bailout funds just in time to avoid default. Before getting too

USDCHF broke above price channel

Posted: 09 Feb 2012 11:42 AM PST

USDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we'd expect downtrend to resume, and one more fall tow

January Employment Situation – Widespread Improvement, but Noticeably Short of Full Employment Mandate

Posted: 09 Feb 2012 11:17 AM PST

Civilian Unemployment Rate: 8.3% in January, down from 8.5% in December. Cycle high jobless rate for the recent recession is 10.0% registered in October 2009. Payroll Employment: +243,000 jobs in January vs. +203,000 in December. Private sector jobs increased 257,000 after a gain of 220,000 in December. A net gain of 60,000 jobs followed after revisions to payroll estimates of November and December Private Sector

Daily technical outlook

Posted: 09 Feb 2012 10:52 AM PST

We only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today's economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today USD Index It seems that a test of next support at 7

Greek party leaders reach agreement on austerity plan

Posted: 09 Feb 2012 10:45 AM PST

Just four hours before the start of the Ecofin meeting, Greek politicians finally managed to finalize talks on the austerity measures plan. This means that the indebted country can now be granted the 130 billion euro bailout by the Troika. Kathy Lien, Director of Currency Research for GFT comments: "If everything goes smoothly, Greece will receive bailout funds just in time to avoid default. Before getting too

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