Sunday, 12 February 2012

Action Forex

Action Forex

Daily technical outlook

Posted: 12 Feb 2012 12:52 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

Papademos gets Greek Cabinet approval on bailout plan – source

Posted: 12 Feb 2012 12:48 PM PST

Lucas Papademos, Greece Prime Minister, has gotten the Cabinet okay on the second rescue package and to submit the new regulation for new budget measures on the back of the Troika demands according to Bloomberg report on Greek Official. After a week that 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 f

USDCAD is in downtrend from 1.0318

Posted: 12 Feb 2012 12:39 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: 12 Feb 2012 12:15 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

Papademos gets Greek Cabinet approval on bailout plan – source

Posted: 12 Feb 2012 11:48 AM PST

Lucas Papademos, Greece Prime Minister, has gotten the Cabinet okay on the second rescue package and to submit the new regulation for new budget measures on the back of the Troika demands according to Bloomberg report on Greek Official. After a week that 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 f

USDCAD is in downtrend from 1.0318

Posted: 12 Feb 2012 11:45 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: 12 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: 12 Feb 2012 10:52 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

Papademos gets Greek Cabinet approval on bailout plan – source

Posted: 12 Feb 2012 10:45 AM PST

Lucas Papademos, Greece Prime Minister, has gotten the Cabinet okay on the second rescue package and to submit the new regulation for new budget measures on the back of the Troika demands according to Bloomberg report on Greek Official. After a week that 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 f

USDCAD is in downtrend from 1.0318

Posted: 12 Feb 2012 10:42 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
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