Friday, 10 February 2012

Action Forex

Action Forex

USDCAD is in downtrend from 1.0318

Posted: 10 Feb 2012 01:40 PM PST

USDCAD is in downtrend from 1.0318, the price action from 0.9926 is treated as consolidation of downtrend. Resistance is now at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to resume, and one more fall towards 0.9800 is still possible. However, a clear break above the upper line of the channel will indicate that the fall from 1.0318 is

Different Measures of Unemployment, but Consistent Story is Visible

Posted: 10 Feb 2012 01:17 PM PST

The civilian unemployment rate declined to 8.3% in January from 8.5% in the prior month and is noticeably lower than the year ago reading of 9.1% (see Chart 1). The jobless rate in the Great Recession peaked at 10.0% in October 2009. The elevated unemployment after ten quarters of economic growth remains one of the top concerns of the Fed. Frequently, measures of unemployment different from the headline number are

Daily technical outlook

Posted: 10 Feb 2012 01:10 PM PST

While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link Good morning. Euro pulls back again after yet another test of $ 1.3300 as Asian stocks declined today. US Trade balance and Bernanke's speech are today's most important events in the economic calendar USD Index it's too early to call a bottom, ongoing recovery is probably corr

Unrest in Greece ahead of parliamentary vote on aid deal

Posted: 10 Feb 2012 12:47 PM PST

This week has been dominated by news from Greece, where the politicians held interminable talks on a new package of austerity measures required by the Troika in exchange for releasing the second bailout. Even though the party leaders finally managed to reach consensus, just before a special Eurogroup meeting called on Thursday to deal with the situation, EU officials approached the approved plan with reserve. Dis

USDCAD is in downtrend from 1.0318

Posted: 10 Feb 2012 12:46 PM PST

USDCAD is in downtrend from 1.0318, the price action from 0.9926 is treated as consolidation of downtrend. Resistance is now at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to resume, and one more fall towards 0.9800 is still possible. However, a clear break above the upper line of the channel will indicate that the fall from 1.0318 is

Different Measures of Unemployment, but Consistent Story is Visible

Posted: 10 Feb 2012 12:17 PM PST

The civilian unemployment rate declined to 8.3% in January from 8.5% in the prior month and is noticeably lower than the year ago reading of 9.1% (see Chart 1). The jobless rate in the Great Recession peaked at 10.0% in October 2009. The elevated unemployment after ten quarters of economic growth remains one of the top concerns of the Fed. Frequently, measures of unemployment different from the headline number are

Unrest in Greece ahead of parliamentary vote on aid deal

Posted: 10 Feb 2012 11:57 AM PST

This week has been dominated by news from Greece, where the politicians held interminable talks on a new package of austerity measures required by the Troika in exchange for releasing the second bailout. Even though the party leaders finally managed to reach consensus, just before a special Eurogroup meeting called on Thursday to deal with the situation, EU officials approached the approved plan with reserve. Dis

USDCAD is in downtrend from 1.0318

Posted: 10 Feb 2012 11:55 AM PST

USDCAD is in downtrend from 1.0318, the price action from 0.9926 is treated as consolidation of downtrend. Resistance is now at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to resume, and one more fall towards 0.9800 is still possible. However, a clear break above the upper line of the channel will indicate that the fall from 1.0318 is

Different Measures of Unemployment, but Consistent Story is Visible

Posted: 10 Feb 2012 11:16 AM PST

The civilian unemployment rate declined to 8.3% in January from 8.5% in the prior month and is noticeably lower than the year ago reading of 9.1% (see Chart 1). The jobless rate in the Great Recession peaked at 10.0% in October 2009. The elevated unemployment after ten quarters of economic growth remains one of the top concerns of the Fed. Frequently, measures of unemployment different from the headline number are

Daily technical outlook

Posted: 10 Feb 2012 10:53 AM PST

While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link Good morning. Euro pulls back again after yet another test of $ 1.3300 as Asian stocks declined today. US Trade balance and Bernanke's speech are today's most important events in the economic calendar USD Index it's too early to call a bottom, ongoing recovery is probably corr
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