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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/14/2010
EURUSD: Triggers Corrective Recovery, Eyes The 1.3787/1.3838 Levels
EUR having decisively broken and held above its Mar 0310 high at 1.3735 has cleared the way for a move higher towards the 1.3787 level, its Feb 1710 high. A clean penetration and negation of that level will leave the pair targeting its bigger resistance located at the 1.3838 level,...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/14/2010
GBPUSD: Corrective Recovery Remains On Course
: With our corrective recovery views panning out and pushing the pair from its intra day low at 1.4871(Mar 1010) to close marginally higher last week, risk of further upside gains is likely. On the back of its current strength, we had earlier noted hammer candle formations (bottom reversal signal)...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
EMU Economic Indicators Preview
The German ZEW economic sentiment could have continued deteriorating in March, as the correlated indicators sent rather negative signals. The ifo business expectations have improved, but the US ISM manufacturing index has declined. The euro has depreciated, but crude oil prices have gone up. German yield spreads have fluctuated, just...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
Weekly Economic and Financial Commentary
February's retail sales report was easily the best economic news released this week. Overall sales rose 0.3 percent during February, with strong gains reported across nearly every major category. Sales excluding gasoline, building material and automotive dealers, which is a category that tends to track the personal consumption data, rose...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
The Weekly Bottom Line
It looks good so far, but mostly just on paper. As of yet, the recovery from the Great Recession has largely been a balance sheet affair. This week marked the one year anniversary (March 9th) of the stock market lows. Equities have rebounded by a stunning 60% since then. As...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
The Week Ahead
As we suggested last week, risk appetites improved a bit further this past week and most risky assets advanced, with the notable exception of precious metals and commodities. In FX, the clear standouts were the JPY crosses, like EUR/JPY, CAD/JPY and AUD/JPY, which all moved above recent highs. Solid data...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
Weekly Technical Update: Forex Market in Broad Test of Consolidation
This was basically a week of continuing consolidation, except for the USD/CAD which is looking seriously at the parity scenario. The coming weeks may be crucial as the markets test important powerlines. We have short-term consolidations/corrections in pairs such as EUR/USD, GBP/USD, EUR/GBP, and GBP/JPY. But we are also testing...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
FX Strategy Weekly
Rising inflation expectations in the UK and confirmation that the Budget will be held on March 24 means GBP shorts may be forced to cover positions as government leaks emerge over the next two weeks of UK deficit reduction plans. Ultra-loose monetary policy in the G7 and positive economic data...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
China: In No Hurry to Adjust Exchange Rates
Although there is still strong domestic resistance to the austerity measures in Greece, financial markets are starting to view the situation in a more relaxed light. This is probably partly thanks to prime minister George Papandreou's goodwill tour to the US, and partly as a result of the proposal to...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
Weekly Market Commentary
Treasury yields should hold at current levels while money market futures should start recouping the little ground lost over the past fortnight. The US dollar is expected to weaken and though 'commodity' currencies led over the last five or so weeks it might be time for the laggards, sterling and...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/12/2010
Weekly Focus: Global Recovery on Track
Our expectation that markets would become more volatile in 2010 has so far proven correct. After the biggest correction in the stock market since equities bottomed in early 2009, stocks have recovered to recent highs again. Two main factors seem to explain this development. First, the Greek crisis has moved...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
Weekly Technical Commentary
Likely to remain trapped between 'channel' resistance and pivotal support at 88.00 for the rest of this month. Random moves will probably become ever smaller, fading ahead of targets, as the yen looks for intermediate and long term direction. Note that the Lagging Span encounters resistance from the candles starting...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
Weekly Forex Signals: EUR/USD
Technical analysis gives us a bullish momentum in the market and the euro may start an uptrend after a break of standard error channel upper line. MACD crosses the signal line upwards; RSI is in a clear uptrend and Bollinger Band gives us a bullish signal.
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
IMM Positioning - Strong Investor Belief In A Sustained Dollar Rally
Following recent stabilisation in EUR/USD, speculative investors have trimmed short EUR positions marginally. However, at above 30% of open interest, EUR shorts remain an upside risk on EUR/USD.
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
US Economic Indicators Preview
The University of Michigan's (UMI) preliminary consumer sentiment for February declined slightly from 74.4 to 73.6. Despite the unfavourable weather conditions, the current assessment was slightly higher than in January, but expectations fell back. So far the outlook for March has been mixed: gasoline prices, which declined in the course...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
UK RICS and BRC Surveys May Show a Thaw in Economic Activity
The British may be obsessed with the weather, but unusually cold conditions in January certainly affected some highfrequency economic indicators, weighing on UK retail sales and mortgage approvals. However, the arctic weather is likely to have supported January industrial production, due this week, via a boost to utilities output, while...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
EMU Economic Indicators Preview
After having plummeted in December, output in the German producing sector is not expected to have decreased again in January. Industrial output is likely to have gone up, as most of the correlated climate indicators improved. Industrial new orders soared in January, but mainly because of bulk orders, which tend...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
EURUSD: Risk Still Building On The Upside
EUR continues to form negative candles on the weekly chart with another one seen on the back of its failed attempt on the downside the past week. This development continues to suggest a loss of downside momentum and a preparation for corrective to consolidation phase of its medium term declines...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/07/2010
GBPUSD: Closes On A Hammer, Set To Recover Higher
With a hammer candle starting a corrective recovery on the daily chart the past week and seeing the pair reduce its earlier losses to a marginal one on Friday, further confirmation of that recovery looks to be triggered as another hammer candle formation(bottom reversal signal) is now in place on...
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Forex Weekly Reports (ActionForex.com)
Weekly review and outlook on the forex market available in ActionForex.com
03/05/2010
Weekly Economic and Financial Commentary
In their most famous road picture, Bing Crosby and Bob Hope vow never again to repeat past mistakes and head off to Singapore. Of course, they do repeat their past mistakes and never do get to Singapore. For the U.S. economy the pace of improvement appears maddeningly slow and yet...
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