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Tag: technical
2008-11-19 22:10:38| FXstreet.com The Foreign Exchange Market
EUR/USD : the bear strength of this major is so pronounced that even rallies are very short-lived. The most current price action is suggestive of the further downward move with the previous lows of 1.2330 to be taken out. Only daily close above 1.2830 would indicate stronger intraday rally . Strategy : sell rallies to 1.2830.
Tags
technical
strategies
2008-11-19 21:25:00| SchaeffersResearch.com Market Observations
Coal concerns Arch Coal, Inc. (ACI: sentiment, chart, options) and Alpha Natural Resources, Inc...(Read More)
Tags
inc
resources
natural
technical
2008-11-17 21:08:00| SchaeffersResearch.com Market Observations
This morning, shares of aluminum giant Alcoa Inc. (AA: sentiment, chart, options) were pressured lower after analysts at UBS downgraded the firm from "buy" to "neutral." The brokerage cited the uncertainty in the aluminum market for the revision...(Read More)
Tags
inc
technical
indicators
examining
2008-11-17 15:55:55| FXstreet.com The Foreign Exchange Market
EURUSD Dipped to 1.2331 on 28 Oct, following downleg off 1.4864, 22 Sep lower top. Bounce to 1.3300 was seen on 30 Oct, followed by tightening range as a larger bear triangle develops. The key supports stand at 1.2400/1.2388 and break below here would signal significant decline. Initial target would be 1.2134, 50% retracement of 0.8280/1.6040. However, regain of 1.2800/57 will to turn short-term focus higher. Res: 1.2703, 1.2800, 1.2857, 1.2927 Sup: 1.2448, 1.2400, 1.2388, 1.2329 GBPUSD Left a
Tags
summary
technical
majors
technical summary
2008-11-17 15:52:26| FXstreet.com The Foreign Exchange Market
Action Insight Mid-Day Report Markets Stay in Range after Mixed US Data Market remains rather quiet today, searching for direction. Mixed data from US didn't trigger much volatility neither. One the one hand, Empire Statement Manufacturing index dropped to record low of -25.4 in Nov but was slightly better than expectation of -26. On the other hand, industrial production unexpectedly grew 1.3% mom in Oct, much better than consensus of -0.4% contraction. Capacity utilization was unchanged at