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Daily Report: Consolidations Continue, Euro Supported by Trichet SpeculationsFeb 09 05:38 GMT, by ActionForex.com Forex pairs are generally engaging in consolidations as markets digest recent moves. DOW closed below 10,000 psychological level at 9908 for the first time in three months but was kept above last week's low of 9835. Asian stocks are mixed which gold and crude oil are still in corrective recovery. There were talk in markets that ECB Trichet will leave central bank meetings in Australia a day earlie...
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Daily and Weekly Technical Outlook |
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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,...
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...
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Candlesticks Trade Ideas |
Trade Idea: USD/CHF - Buy At 1.0585Feb 09 07:05 GMT, by ActionForex.com As the greenback has continued to trade sideways after early rally to 1.0800 (Friday's high), suggesting further consolidation below there would be se...
Trade Idea: GBP/USD - Sell At 1.5800Feb 09 07:03 GMT, by ActionForex.com As cable has recovered after holding above yesterday's low at 1.5535, suggesting further consolidation above there would take place and retracement to...
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Candlesticks & Ichimioku Analysis |
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Elliott Wave Trade Ideas |
Trade Idea: EUR/JPY - Buy At 120.00Feb 08 10:27 GMT, by ActionForex.com Although the single currency rebounded after Friday's selloff to 120.70, a firm breach above resistance at 123.33 (Friday's high) is needed to signal...
Trade Idea: AUD/USD - Sell At 0.8845Feb 08 10:25 GMT, by ActionForex.com Despite falling to 0.8578 last Friday, the rebound from there suggests the minor wave iii of recent C leg decline from 0.9331 has possibly ended there...
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Daily and Weekly Fundamental Reports |
Trichet Leaves Sydney EarlyFeb 09 09:27 GMT, by AC-Markets FX markets were choppy in the Asian session, with risk appetite see-sawing. The day started with a risk off tone, as Wall Street plunged due to speculation that FOMC Chairman Bernanke could indicate t...
German Prices Stagnate In JanuaryFeb 09 09:16 GMT, by ecPulse.com German prices remained unchanged in January after accelerating in the last quarter of 2009. Inflation shifted from -0.30% in September to 0.00% in October then 0.40% in November reflecting the improve...
Morning Forex OverviewFeb 09 08:33 GMT, by Dukascopy Swiss FX Group The yen fell against high-yielding units in Asia Tuesday as an upturn in Chinese stocks helped reduce risk aversion, prompting investors to buy back riskier currencies such as the euro. Although the...
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Daily and Weekly Technical Reports |
Daily FX ReportFeb 09 09:24 GMT, by Varengold Bank Since the last week of January, the EUR has been trading in a sideways trend against the CHF. Recently, the currency pair touched its important Fibonacci Retracement line at 1.4654 (38.2%) and the pri...
Currency Pair Daily ForecastsFeb 09 09:15 GMT, by Finotec Group EUR/USD-market strategy indicates buying levels from the $1.3721 To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MA...
Technical Analysis Daily: GBP/USDFeb 09 09:03 GMT, by iFOREX.bg Pound/Dollar is trading hesitantly this week within the 1.5544 - 1.5669, closing yesterday at 1.5581. On the 1 hour chart the downward channel remains intact for now. The Pound, however is expected to...
Japanese Yen In Trouble As EUR Looking To RecoverFeb 09 08:38 GMT, by Finotec Group The yen and dollar fell on speculation European officials meeting this week will agree to assist Greece in tackling its deficit, reducing demand for the two currencies as a refuge. The euro rallied fr...
Forex Technical AnalyticsFeb 09 08:00 GMT, by FOREX Ltd The estimated test of key supports has been confirmed, however, relative rise of sales activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned buying positions. There...
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Action Insight Newsletter |
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Interest Rates |
 0.25% |
 1.00% |
 0.10% |
 0.50% |
 0.25% |
 0.25% |
 3.75% |
 2.50% |
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Speeches and Publications |
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| Forex Top Movers |
Ccy Heat Map |
| Pair | Rate | Chng % |
|---|
| NZDJPY | 61.90 | +1.55% |
| AUDJPY | 78.19 | +1.30% |
| NZDUSD | 0.6905 | +1.10% |
| CADJPY | 83.85 | +1.09% |
| EURJPY | 123.10 | +1.04% |
| CHFJPY | 83.90 | +0.89% |
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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 |
1.3732 | Up | 1.3609 | 1.3700 |
| USDJPY |
89.66 | Up | 89.07 | 89.49 |
| GBPUSD |
1.5588 | Neutral | 1.5526 | 1.5651 |
| USDCHF |
1.0683 | Down | 1.0686 | 1.0775 |
| USDCAD |
1.0691 | Down | 1.0690 | 1.0791 |
| AUDUSD |
0.8725 | Up | 0.8622 | 0.8690 |
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