Archive for the ‘Forex Trader’ Category

DAILY FOREX AND DOW JONES RECOMMENDED LEVELS

Thursday, July 29th, 2010

Today#8217;s support: - 1.2950 and 1.2916(main), where correction is possible. Break would give 1.2883, where correction also may be. Then follows 1.2843. Break of the latter would result in 1.2804. If a strong impulse, we would see 1.2739. ……
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US Market Update: Dow -12 S&P -3.8 NASDAQ -11.5

Wednesday, July 28th, 2010

Equities opened lower this morning and remain in the red mid morning as poor economic data puts the break on the brief earnings-driven rally seen over the last several sessions. The lower June durable goods data is coloring sentiment, as the final piece o…
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European Market Update

Wednesday, July 28th, 2010

- (PO) Bank of Portugal survey on credit markets - (FI) Finland Jun Preliminary Retail Sales Volume Y/Y: 3.0% v 2.6% prior - (HU) Hungary Jun Unemployment Rate: 11.1% v 11.2%e - (SP) Spain Jun Real Retail Sales Y/Y: +0.9% v -1.8% prior; Adjusted ……
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DAILY FOREX AND DOW JONES RECOMMENDED LEVELS

Wednesday, July 28th, 2010

EUR/USD Today#8217;s support: - 1.2950 and 1.2916(main), where correction is possible. Break would give 1.2883, where correction also may be. Then follows 1.2843. Break of the latter would result in 1.2804. If a strong impulse, we would see ……
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Asian Market Update: LG Electronics results disappoint on lower EU demand for TVs; Weak Q2 Australia CPI kills slim chance of RBA rate hike next week

Wednesday, July 28th, 2010

- (AU) AUSTRALIA Q2 CPI Q/Q: 0.6% V 1.0%E; Y/Y 3.1% V 3.4%E; RBA TRIMMED MEAN Q/Q 0.5% V 0.8 %E; Y/Y 2.7% V 3.0%E (3-yr low) - (KS) SOUTH KOREA JUN CURRENT ACCOUNT $5.0B V $3.8B PRIOR; GOODS BALANCE: $6.4B V $4.2B PRIOR - (NZ) NEW ZEALAND JUL NBNZ BU…
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Australian Dollar Falls on Fading Rate Hike Outlook as CPI Disappoints

Wednesday, July 28th, 2010

The Australian Dollar dropped over 1 percent against its US counterpart after Consumer Price Index figures disappointed in the second quarter, crushing interest rate hike expectations. German CPI is in focus ahead. …
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US Market Update: Dow -27 S&P -4.8 NASDAQ -13.5

Tuesday, July 27th, 2010

Better corporate earnings helped lift US equity indices before the open, although a miss in the July consumer confidence number has brought in some sellers in the late NY morning. Note that the July Richmond Fed regional manufacturing index was much bette…
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European Market Update: Financials aid risk appetite in session

Tuesday, July 27th, 2010

- (IN) India Central Bank (RBI) raised its Reverse repo by 50bps to 4.50%; more than the 25bps expected; Raised Repo rate by 25bps to 5.75%; as expected and maintained the Cash Reserve at 6.00%; as expected - (GE) Germany Jun Import Price Index M/M: ……
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KBC: EUR/CZK and EUR/PLN just above key technical support levels

Tuesday, July 27th, 2010

The Czech koruna stayed yesterday in a tight area around EUR/CZK 25.10. Even though it has attempted to overcome the border, it has anyway stayed there regardless the changes of the surrounding Middle European currencies. Today has no significant domestic…
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Asian Market Update: India Central Bank raises key rates, reverse repo tightening above forecast; China Banking body warns on lending risk to local govts

Tuesday, July 27th, 2010

Risk appetite fanned by better than expected new home sales data on Monday carried through into the early part of the Asian session but has subsequently seen a retreat. With EU stress tests in rearview mirror, some of the attention has shifted to lending …
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