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Market Overview |
Mid-Day Report: Speculation on Greece Bailout Lifts EuroFeb 09 14:05 GMT, by ActionForex.com Euro's recovery extends further today as the common currency is lifted by speculation of a bailout package from EU for Greece. The speculation started when ECB President Trichet left Australia earlier than planned to attend a council meeting on Thurs...
Mid-Day Report: Markets in Range as Investors Calmed DownFeb 08 14:36 GMT, by ActionForex.com Markets are generally in tight range today with dollar a bit softer. The pull back in dollar is so far mild while the recovery in crude oil and gold lack follow through buying. It looks as if risk aversion flows in the markets pull back from last wee...
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Special Reports |
Net Shorts In EUR Soared To Record HighFeb 08 07:48 GMT, by ActionForex.com USD positions stayed in the positive territory for the second consecutive week, adding $3.55B to $3.81B in the week ended February 2. During the week, the largest changes came from declines in net longs in AUD and CAD, both being commodity currencies...
ECB: Continue to Wait and SeeFeb 04 15:07 GMT, by ActionForex.com As expected, the ECB kept its main refinancing rate unchanged at 1%. The introductory statement was very similar to the one released 3 weeks ago. The central bank believed current rates remain appropriate and risks to economic outlook are broadly bal...
ECB: No Urgent Needs to Tighten as Growth Seems to have Slowed DownFeb 03 08:48 GMT, by ActionForex.com The ECB will most likely announce to keep the main-refinancing rate at 1% at the meeting Thursday. Although economic recovery remains on track, there have been signs showing that the growth is losing steam. Therefore, there's no urgent need for the c...
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EURUSD Technical Outlook |
EUR/USD Mid-Day OutlookFeb 09 14:24 GMT, by ActionForex.com EUR/USD recovers further to as high as 1.3770 so far today and further rise could still be seen. Nevertheless, upside is still expected to be limited by 1.3852 support turned resistance and bring fall resumption. Below 1.3641 minor support will flip...
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USDJPY Technical Outlook |
USD/JPY Mid-Day OutlookFeb 09 14:18 GMT, by ActionForex.com No change in USD/JPY's outlook as consolidations from 88.57 is still in progress. Another recovery cannot be ruled out but upside is expected to be limited below 91.26 resistance and bring fall resumption. Below 88.57 will target 87.36 support first....
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GBPUSD Technical Outlook |
GBP/USD Mid-Day OutlookFeb 09 14:20 GMT, by ActionForex.com Intraday bias in GBP/USD remains neutral as consolidation from 1.5534 continues. Another rise cannot be ruled out but upside should be limited by 1.5849 resistance and bring fall resumption. Below 1.5534 will target 100% projection of 1.6875 to 1.582...
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USDCHF Technical Outlook |
USD/CHF Mid-Day OutlookFeb 09 14:06 GMT, by ActionForex.com USD/CHF's pull back from 1.0793 is still in progress and drops to as low as 1.0654 so far. Further decline could still be seen to 4 hours 55 EMA (now at 1.0612) but after all, downside is expected to be contained by 1.0497/0640 support zone and bring...
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USDCAD Technical Outlook |
USD/CAD Daily OutlookFeb 09 05:51 GMT, by ActionForex.com Intraday bias in USD/CAD remains neutral and consolidations from 1.0779 could still extended further. Deeper retreat to 4 hours 55 EMA (now at 1.0645) might be seen. But still, downside is expected to be contained by 1.0544 support and bring rally re...
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AUDUSD Technical Outlook |
AUD/USD Daily OutlookFeb 09 05:54 GMT, by ActionForex.com Intraday bias in AUD/USD remains neutral for the moment as consolidations from 0.8577 continues. Stronger recovery might be seen but after all, upside is expected to be by 38.2% retracement of 0.9327 to 0.8577 at 0.8864 and bring fall resumption. Bre...
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EURJPY Technical Outlook |
EUR/JPY Daily OutlookFeb 09 08:32 GMT, by ActionForex.com With 4 hours MACD crossed above signal line, an intraday low should be in place at 120.69 and some more consolidation should now be seen. Stronger recovery cannot be ruled out but upside should be limited by 124.73 support turned resistance and bring...
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EUR/GBP Technical Outlook |
EUR/GBP Daily OutlookFeb 09 08:27 GMT, by ActionForex.com At this point, intraday bias in EUR/GBP remains neutral. However, note that decisive break of 0.8792 resistance will be the first signal that the cross has already bottomed out at 0.8601 already. In such case, intraday bias will be turned to the upsi...
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EUR/CHF Technical Outlook |
EUR/CHF Daily OutlookFeb 09 08:23 GMT, by ActionForex.com Intraday bias in EUR/CHF remains neutral for the moment and more sideway trading should be seen above 1.4557 in near term. Stronger recovery cannot be ruled out, and EUR/CHF might climb to above 1.4820. But after all, we'd expect strong resistance ah...
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GBPJPY Technical Outlook |
GBP/JPY Daily OutlookFeb 09 08:36 GMT, by ActionForex.com With 4 hours MACD crossed above signal line, an intraday low should be in place in GBP/JPY at 138.23. Bias is turned neutral and stronger recovery might be seen. But still, upside is expected to be limited by 143.04 support turned resistance and brin...
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