04 Dec 2008 00:54 GMT Euro's stronger-than-expected retreat after intra-day brief rise to 1.2728 suggests risk is seen for a pullback to 1.2646/50, however, as broad outlook is consolidative, daily sup at 1.2603 wud remain intact n yield rebound later. Wud be prudent to exit long n look to buy on dips for day trade as recommended... Range Forecast 1.2675 / 1.2715 Resistance/Support R: 1.2743/1.2767/1.2819 S: 1.2641/1.2603/1.2562
Market Review - 03/12/2008 22:25 Euro pares intra-day losses on short-covering ahead of ECB meeting The euro rebounded in New York afternoon session on Wednesday as traders covered early short positions ahead of an anticipated rate cut by the ECB on Thursday. The central bank is widely expected to reduce rates by 25 basis points from 3.25% to 2.75%, while the Bank of England is also forecast to cut interest rates by 100 basis points from 3.00% to 2.00%. The single currency also found support
Our Forex Automated Trading Signals bought the British Pound against the Japanese Yen using the Range1 trade. The trade is currently above par, with 44...
Market View for Dec 4, 2008 After a rollercoaster day, the Dow finished higher by 173 points, shrugging off a dismal Beige Book outlook and a worse than expected ADP employment report, and instead focusing on soaring mortgage applications. As mortgage rates move down, there is talk of the Treasury considering a plan to help home prices by helping mortgage rates move even lower. Oil closed mostly flat for the day. European and Asian stock markets were up marginally. In
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said.
Australias Trade Balance in October surged to AU$2.952 billion from a revised AU$1.25 billion the month prior. Economists had expected an increase to...
Though there have been tests and false breaks for AUDUSD over the past few weeks, the technicals currently defining its range are both clear and strong....
