Wednesday, 29 February 2012

Action Forex

Action Forex

ECB loan operation spurs markets

Posted: 29 Feb 2012 07:46 AM PST

The European Central Bank released the second round of its long-term refinancing operation with a maturity of three years on Wednesday. The liquidity injection amounted to €529.53 billion in comparison with the €489 billion at the first take-up. The volume exceeded forecasts of €450 billion. The ECB reported that 800 banks took advantage of the second round of 3-year LTRO loans in comparison with 523 in case

Durable Goods Orders – Too Soon to Declare Soft 2012:Q1

Posted: 29 Feb 2012 12:16 AM PST

Orders of durable goods fell 4.0% in January following strong gains in November (+4.2%) and December (+3.2%). A decline in bookings of commercial aircraft (-19%) and machinery (-10.4%) brought down the headline. Defense orders moved up 17.7% to provide a partial offset. Excluding defense and aircraft, orders of capital goods dropped 4.5% in January. Orders of durable goods tend to decline in January, partly due to

Ireland calls for a referendum on EU’s new fiscal compact

Posted: 28 Feb 2012 11:45 PM PST

The Irish Prime minister Enda Kenny has announced that Ireland will hold a referendum on the EU new fiscal treaty. “Irish people will be asked for their authorization in a referendum to ratify the European stability treaty,” said the Taoiseach to Bloomberg. “Referendum is required,” but government “will push the Yes vote”. “Risk off, as Ireland puts the new European fisca
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Saturday, 25 February 2012

Dead Rising 2 Off The Record (XBOX360)

Dead Rising 2 Off The Record XBOX360-MARVEL Publisher: Capcom | Developer: Capcom Genre: Action / Beat?em all Size: 6417MB in 68F Description: Dead Rising 2: Off the Record, sees photojournalist and original hero of Dead Rising?s Willamette incident, Frank West … Continue reading →
Dead Rising 2 Off The Record (XBOX360)

Source: http://www.exploitfiles.co.in/games/dead-rising-2-off-the-record-xbox360.html

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Action Forex

Action Forex

Rightmove House Price Index (February)

Posted: 25 Feb 2012 05:49 AM PST

INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on More Powers for Scotland and UK-France Nuclear Energy Deal List of companies earnings which hit and miss the analysts‟ expectations Economic Indicators Rightmove House Price Index (February) BoE Capital Issuance (January) CML Mortgage Lending (January) Corporate Events AFC Energy pr

The ‘revision drift’ remains upwards

Posted: 24 Feb 2012 09:21 PM PST

In the eurozone, national data released so far shift the balance of risks towards a 0.1pp downward revision to the January flash estimate (reported at 2.7%). Although this is a very close call, we have now penciled in this revision in our projections. The first half of February saw ongoing upward pressure on the price of oil-related products, which came on top of the likely adverse impact of unusually cold w
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Friday, 24 February 2012

Action Forex

Action Forex

Public Sector Finances (January)

Posted: 24 Feb 2012 02:55 PM PST

INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on Lloyds Bank Bonus Packages, Sun on Sunday and Iran's Suspension on Oil Exports List of companies earnings which hit and miss the analysts' expectations Economic Events Scheduled on 21 February, 2012 Economic Indicators Public Sector Finances (January) Corporate Events Devro, Primary H

Recent U.S. Oil and Gas Extraction Activity – Facts vs. Popular Opinions

Posted: 24 Feb 2012 04:15 AM PST

Posts Related to Recent U.S. Oil and Gas Extraction Activity – Facts vs. Popular OpinionsTrading Forex To Advance Your Financial PositionBack to Forex Article List Everyday, currencies are traded in an international foreign exchange market, otherwise known as the forex market, with the main marketplaces ...Interested in FOREX Trading?Back to Forex Article List The Foreign Exchange Market (Forex) has no central ex

Intelligent Investor Monitor

Posted: 23 Feb 2012 11:48 PM PST

THE NEXT TRADING DAY Economic Events No major economic events scheduled on 23 February 2012. Corporate Events Stagecoach Theatre Arts, the performing arts company is scheduled to release its interim 2011 results on 24 February, 2012. Whilst the economic downturn has impeded growth and resulted in some consolidation in its core UK business, and this may continue in the financial year ahead, over 90% of all
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Thursday, 23 February 2012

Action Forex

Action Forex

BBA Main High Street Banking Groups Statistics (January)

Posted: 22 Feb 2012 11:50 PM PST

INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on FTSE 100, U.K. Cancer Research and Anti-Muslim Attacks List of companies earnings which hit and miss the analysts' expectations Economic Events Scheduled on 23 February, 2012 Economic Indicators BBA Main High Street Banking Groups Statistics (January) Corporate Events Ashmore Group, Ce

BoE MPC Meeting Minutes (February)

Posted: 22 Feb 2012 07:53 PM PST

INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on Caution Over Iran, NHS Reforms and Sun on Sunday List of companies earnings which hit and miss the analysts' expectations Economic Events Scheduled on 22 February, 2012 Economic Indicators BoE MPC Meeting Minutes (February) Agents’ Summary of Business Conditions (February) Corpor

EURUSD is facing 1.3320 resistance

Posted: 22 Feb 2012 06:41 PM PST

EURUSD is facing 1.3320 resistance, a break above this level could trigger another rise to 1.3500 zone. On the downside, as long as 1.3320 resistance holds, the rise from 1.2975 is treated as correction of the downtrend from 1.3320, and another fall towards 1.2800 could be expected. Support is at 1.3185, a breakdown below this level could signal resumption of the downtrend. Posts Related to EURUSD is facing 1.
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Wednesday, 22 February 2012

Action Forex

Action Forex

AUDUSD is facing the key support of 1.0628

Posted: 22 Feb 2012 10:40 AM PST

AUDUSD is facing the key support of 1.0628, a breakdown below this level will indicate that the uptrend from 0.9861 (Dec 15, 2011 low) has completed at 1.0844 already, then the following downward movement could bring price to 1.0400 area. On the upside, as long as 1.0628 level holds, the price action in the range between 1.0628 and 1.0844 could possibly be consolidation of the uptrend, and one more rise to 1.0900
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Tuesday, 21 February 2012

Action Forex

Action Forex

EZ FinMin strike deal on Greek bailout

Posted: 20 Feb 2012 10:45 PM PST

After Euro zone finance ministers exchanged their views on how to resolve the lockout between Greece and the size of haircuts to be taken by its private creditors, at almost 3 am in Brussels they appear to have reached a deal that will see Greece being financed by 130 billion euros as they plan to reduce its debt to GDP ratio to 121%. More details coming soon. EUR/USD had a spike towards 1.3290 from session lows

AUDUSD continues its sideways movement

Posted: 20 Feb 2012 06:40 PM PST

AUDUSD continues its sideways movement between 1.0628 and 1.0844. As long as 1.0628 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9861 (Dec 15, 2011 low), and one more rise to 1.0900 is still possible after consolidation. On the downside, a breakdown below 1.0628 will indicate that the uptrend from 0.9861 has completed at 1.0844 already, then the following downw
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Monday, 20 February 2012

Action Forex

Action Forex

Markets optimistic on a Greek deal

Posted: 19 Feb 2012 08:48 PM PST

Saving Greece from declaring bankruptcy and provide the ‘broken’ country with a fresh EUR 130 bln fresh bailout may just be hours away, an outcome that may be decided  on the Finance Ministers meet this Monday. Financial markets in Asia opened feeling ‘risk-on’; helping to underpin the bid tone was the approval by Greece’s cabinet on Saturday of a final set of spending cuts reque

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 07:40 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.
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Sunday, 19 February 2012

Action Forex

Action Forex

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 11:42 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 08:44 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 19 Feb 2012 01:40 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Hopes for Monday Greek bailout deal lift markets

Posted: 18 Feb 2012 11:47 PM PST

EU officials seem to be very determined to finalize the agreement on the second Greek bailout at the upcoming Eurozone finance ministers meeting scheduled for Monday. Germany is not pushing for a delay of the payment anymore and throughout Friday conference calls were held between various EU officials in order to discuss the details of the deal. The idea to of a two-step bailout procedure, proposed during a Euroz

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 18 Feb 2012 07:16 PM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

EURUSD is facing 1.3026 support

Posted: 18 Feb 2012 04:44 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.
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Saturday, 18 February 2012

Action Forex

Action Forex

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 18 Feb 2012 12:19 PM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

EURUSD is facing 1.3026 support

Posted: 18 Feb 2012 08:45 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 18 Feb 2012 08:15 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 18 Feb 2012 06:19 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

Hopes for Monday Greek bailout deal lift markets

Posted: 18 Feb 2012 02:53 AM PST

EU officials seem to be very determined to finalize the agreement on the second Greek bailout at the upcoming Eurozone finance ministers meeting scheduled for Monday. Germany is not pushing for a delay of the payment anymore and throughout Friday conference calls were held between various EU officials in order to discuss the details of the deal. The idea to of a two-step bailout procedure, proposed during a Euroz

EURUSD is facing 1.3026 support

Posted: 18 Feb 2012 02:45 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 18 Feb 2012 01:21 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 10:39 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 17 Feb 2012 10:15 PM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 05:46 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.
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Friday, 17 February 2012

Action Forex

Action Forex

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 02:41 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

U.K. Retail Sales (January)

Posted: 17 Feb 2012 01:49 PM PST

INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on Britain's Economic Uncertainty and Moody’s Possible Downgrades List of companies earnings which hit and miss the analysts' expectations Economic Events Scheduled on 17 February, 2012 Economic Indicators U.K. Retail Sales (January) Knight Frank House Price Sentiment Index (January)

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 01:41 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 12:44 PM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 11:42 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 10:43 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Prospects of Greek bailout deal sparkles massive short-covering

Posted: 17 Feb 2012 02:45 AM PST

Significant progress on securing a Greek bond-swap deal and a fresh bailout to the indebted country produced an aggressive short-covering during the US session, as EUR shorts run to the exits realizing this time around headlines carried enough substance to believe the finishing touches to a second bailout deal for Greece were finally underway. “We are almost there,” one euro zone offici

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 02:41 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

EURUSD is facing 1.3026 support

Posted: 17 Feb 2012 01:45 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Daily Forex and Dow Jones Recommended Levels

Posted: 16 Feb 2012 08:37 PM PST

Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of t
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Thursday, 16 February 2012

Action Forex

Action Forex

EURUSD is facing 1.3026 support

Posted: 16 Feb 2012 03:40 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 16 Feb 2012 03:17 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

Daily technical outlook

Posted: 16 Feb 2012 02:52 AM PST

Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $ 1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. We shall see within the next few trading sessions, so keep an eye

State of confusion over Greek rescue package continues

Posted: 16 Feb 2012 02:45 AM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections.  Germany, Finland and the Netherlands are the countries pushing f

EURUSD is facing 1.3026 support

Posted: 16 Feb 2012 02:41 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 16 Feb 2012 02:18 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

State of confusion over Greek rescue package continues

Posted: 16 Feb 2012 01:45 AM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections.  Germany, Finland and the Netherlands are the countries pushing f

EURUSD is facing 1.3026 support

Posted: 16 Feb 2012 01:40 AM PST

EURUSD is facing 1.3026 support, a breakdown below this level will confirm that the rise from 1.2624 had completed at 1.3320 already, then deeper decline towards 1.2624 previous low could be seen. On the other side, as long as 1.3026 key support holds, the price action in the trading range between 1.3026 and 1.3320 is treated as consolidation of the uptrend, and one more rise towards 1.3500 is still possible.

Minutes January 24-25 FOMC Meeting: Divided House about Additional Quantitative Easing

Posted: 16 Feb 2012 01:15 AM PST

The minutes of the FOMC meeting of January 24-25 presented a range of opinions about whether further monetary accommodation through asset purchases (QE3) is necessary. At one end of the spectrum, "a few members observed that, in their judgment, current and prospective economic conditions – including elevated unemployment and inflation at or below the Committee's objective – could initiate the purchases of

Daily technical outlook

Posted: 16 Feb 2012 12:54 AM PST

Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $ 1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. We shall see within the next few trading sessions, so keep an eye
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Wednesday, 15 February 2012

Action Forex

Action Forex

January Retail Sales – Decelerating Trend Remains in Place

Posted: 15 Feb 2012 02:22 PM PST

Retail sales increased 0.4% in January after a steady reading in December. The December estimate was revised down slightly from the earlier reading of 0.1%. In January, auto purchases in the retail sales report show a 1.1% decline, while unit auto sales increased to an annual rate of 14.2 million units in January vs. 13.6 million units in December. Unit auto sales matter in the computation of consumer spending. Ga

Euro falls on possible delay of Greek bailout

Posted: 15 Feb 2012 01:45 PM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections. Germany, Finland and the Netherlands are the countries pushing for su

USDCAD pulled back from 1.0038

Posted: 15 Feb 2012 01:39 PM PST

After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long as 1.0038 level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0318, and one more fall to 0.9800 is still possible. On the other side, a break above 1.0038 will confirm that

January Retail Sales – Decelerating Trend Remains in Place

Posted: 15 Feb 2012 01:15 PM PST

Retail sales increased 0.4% in January after a steady reading in December. The December estimate was revised down slightly from the earlier reading of 0.1%. In January, auto purchases in the retail sales report show a 1.1% decline, while unit auto sales increased to an annual rate of 14.2 million units in January vs. 13.6 million units in December. Unit auto sales matter in the computation of consumer spending. Ga

Daily technical outlook

Posted: 15 Feb 2012 12:53 PM PST

Be less curious about people and more curious about ideas. ~ Marie Curie Good morning. Dollar climbs higher across the board as EUR declined below $ 1.3200 – a level which is currently providing first intra-day resistance. USD Index Now that resistance/former support is being tested, the question is whether ongoing recovery is corrective or not. We shall see within the next few trading sessions, so keep an eye

Euro falls on possible delay of Greek bailout

Posted: 15 Feb 2012 12:45 PM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections. Germany, Finland and the Netherlands are the countries pushing for su

USDCAD pulled back from 1.0038

Posted: 15 Feb 2012 12:40 PM PST

After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long as 1.0038 level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0318, and one more fall to 0.9800 is still possible. On the other side, a break above 1.0038 will confirm that

January Retail Sales – Decelerating Trend Remains in Place

Posted: 15 Feb 2012 12:15 PM PST

Retail sales increased 0.4% in January after a steady reading in December. The December estimate was revised down slightly from the earlier reading of 0.1%. In January, auto purchases in the retail sales report show a 1.1% decline, while unit auto sales increased to an annual rate of 14.2 million units in January vs. 13.6 million units in December. Unit auto sales matter in the computation of consumer spending. Ga

Euro falls on possible delay of Greek bailout

Posted: 15 Feb 2012 11:46 AM PST

The bloc currency dropped on Troika officials’ comments regarding a possible delay of some parts or the entire second rescue fund for Greece, due to lack of confidence as far as the Greek politicians’ commitment to the austerity deal is concerned. The payment of the bailout might be postponed until after the April general elections. Germany, Finland and the Netherlands are the countries pushing for su

USDCAD pulled back from 1.0038

Posted: 15 Feb 2012 11:41 AM PST

After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long as 1.0038 level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0318, and one more fall to 0.9800 is still possible. On the other side, a break above 1.0038 will confirm that
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