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Mid-Day Report: Euro Pulls Back as Trichet Has No Bias, Dollar ReboundsJul 03 13:15 GMT, by ActionForex.com Euro is sold off against the dollar, which in turn boosted the dollar for a rebound, after ECB Trichet said that the current monetary stance after today's rate hike is enough to achieve ECB's objective of price stability and he has no bias now. The markets take that as a signal t...
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Daily Fundamental Reports |
Euro Plunges on TrichetJul 03 19:52 GMT, by MG Financial Group The dollar rallied sharply against the euro in New York trading, rebounding from 1.5908 to beneath the 1.57-level at 1.5683. Ahead of a long weekend h...
Dollar Rallies on Non-Farm Payroll DataJul 03 18:52 GMT, by AC-Markets The Usd rose in the European session based on better primarily on the Non-Farm payroll data, and comments by Trichet of the ECB. The EurUsd retracted...
ECB: Rate Hike but Remarkably CautiousJul 03 18:14 GMT, by Danske Bank The signal the ECB sent out is that it is serious about its anti-inflation mandate, although markets were little changed after the decision as it was...
Service Sector Activity Slips in JuneJul 03 17:42 GMT, by Wachovia Corporation The Institute for Supply Management's non-manufacturing index (NMI) fell below expectations, down 3.5 points to 48.2 in June. The subcomponents confir...
Foreign Exchange Market Daily UpdateJul 03 16:57 GMT, by Union Bank of California Foreign exchange markets are widely ignoring weak US jobs data in light of ECB President Trichet's neutral stance on interest rates following today's...
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Daily Technical Reports |
Today's Market OutlookJul 03 18:10 GMT, by Windsor Brokers Ltd EURUSD: Continued to trend higher from 1.5303, 12 Jun low, taking out the key 1.5844 high from 09 Jun, now attacking the 1.5897, 31 Mar/21 Apr highs....
Chart Of The Day: EUR/USDJul 03 15:16 GMT, by FX Solutions Price action on the EUR/USD daily chart, as shown, took a major turn down today as a result of the Non-Farm Payrolls report in the morning. This downt...
Euro Should Correct To 1.57 Next WeekJul 03 13:47 GMT, by DailyFX The EURUSD has completed wave i of larger 3 within the 5 wave bull cycle from 1.5283. Expectations are for wave ii of 3 to bring price back to at leas...
FX Thoughts for the DayJul 03 12:33 GMT, by Kshitij Consultancy Services Cable as per expectation has faced a stiff Resistance at 1.9977-85 and fell sharply in the day to test 1.9850. A bounce to 1.9900 was seen from there....
Daily FX ForecastJul 03 12:27 GMT, by FX Dream EUR/USD has risen beyond 1.5890 our up target over the last trading sessions exactly as it was suggested as ECB has lifted the rate to 4.25% as it was...
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Action Insight Newsletter |
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Interest Rates |
 2.00% |
 4.25% |
 0.50% |
 5.00% |
 2.75% |
 3.00% |
 7.25% |
 8.25% |
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Speeches and Publications |
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| Forex Top Movers |
Ccy Heat Map |
| Pair | Rate | Chng % |
|---|
| AUDNZD | 1.2705 | +0.16% |
| NZDJPY | 80.60 | -0.15% |
| NZDUSD | 0.7554 | -0.13% |
| EURCAD | 1.5973 | -0.06% |
| EURJPY | 167.48 | -0.06% |
| EURUSD | 1.5695 | -0.05% |
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| USD |
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| EUR | |
| JPY | |
| GBP | |
| CHF | |
| CAD | |
| AUD | |
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| Action Bias & Pivot Points |
| Currency |
Last |
Bias |
S1 |
R1 |
| EURUSD |
1.5695 | Down | 1.5620 | 1.5847 |
| USDJPY |
106.71 | Up | 106.01 | 107.16 |
| GBPUSD |
1.9829 | Neutral | 1.9775 | 1.9911 |
| USDCHF |
1.0262 | Up | 1.0153 | 1.0325 |
| USDCAD |
1.0175 | Neutral | 1.0118 | 1.0226 |
| AUDUSD |
0.9600 | Neutral | 0.9577 | 0.9627 |
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