Action Forex |
- Daily technical outlook
- Public Sector Finances (November)
- Greek PSI talks heading towards closure
- AUDUSD moved sideways in a range
- Near-term inflation picture is deteriorating fast
- Consumer Price Index, Jobless Claims, Housing Starts – Each of These Reports Have Favorable Aspects to Note
- Greek PSI talks heading towards closure
- AUDUSD moved sideways in a range
- We will finalize both projections next week
- Consumer Price Index, Jobless Claims, Housing Starts – Each of These Reports Have Favorable Aspects to Note
| Posted: 20 Jan 2012 11:15 AM PST The man who has confidence in himself gains the confidence of others. ~ Hasidic Saying Good morning. Dollar continues to fall as stocks recover, hence risk currencies, including EURUSD, are following stocks higher. Here are some of today's interesting charts USD Index Support around 79.50 is in focus as dollar's decline continues. That is probably a bottom bulls are keeping an eye on EURUSD Daily studie |
| Public Sector Finances (November) Posted: 20 Jan 2012 11:15 AM PST INSIDE THE REPORT Stock recommendations and price targets from top brokerage firms Analysis and views on ECB Warning and Q&A with Immigration Minister on Foreign Criminals List of companies earnings which hit and miss the analysts' expectations Economic Events Scheduled on 21 December, 2011 Economic Indicators Public Sector Finances (November) BoE MPC Meeting Minutes (December) Agents&# |
| Greek PSI talks heading towards closure Posted: 20 Jan 2012 11:06 AM PST The negotiations between Greece and its private bondholders are moving closer towards a final agreement on Friday. Is seems that the PSI deal will mean a loss of 65 to 70% for the creditors. According to a banking official close to the talks: “The new bond will likely have a 30-year maturity and a grace period of 10 years. It will have a stepped-up coupon structure which will average out in the area of 4 per |
| AUDUSD moved sideways in a range Posted: 20 Jan 2012 10:44 AM PST AUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145 support holds, the price action in the trading range is treated as consolidation of uptrend from 0.9861, and another rise towards 1.0600 is still possible, only a breakdown below 1.0145 will indicate the the rise from 0.9861 has c |
| Near-term inflation picture is deteriorating fast Posted: 20 Jan 2012 10:23 AM PST This is our first update after the Christmas break, and today's main message is that the near-term inflation picture isdeteriorating fast: some of the upside risks that we identified in our 2011 Outlook are now materializing. This is mostly due to energy, with Brent prices significantly exceeding our expectations and now approaching USD 100p/b. To take into account the latest developments, we raise our 2011 p |
| Posted: 20 Jan 2012 10:16 AM PST The Consumer Price Index (CPI) held steady in December, after posting a similar reading in November. The energy price index inched down 1.3% in December, marking the third consecutive decline. The recent increase in oil prices should be reflected in the January CPI report. The food price index increased 0.2% in December putting the year-to-year gain at 4.7% vs. 1.5% in all of 2010. The energy price index moved up |
| Greek PSI talks heading towards closure Posted: 20 Jan 2012 09:47 AM PST The negotiations between Greece and its private bondholders are moving closer towards a final agreement on Friday. Is seems that the PSI deal will mean a loss of 65 to 70% for the creditors. According to a banking official close to the talks: “The new bond will likely have a 30-year maturity and a grace period of 10 years. It will have a stepped-up coupon structure which will average out in the area of 4 per |
| AUDUSD moved sideways in a range Posted: 20 Jan 2012 09:43 AM PST AUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145 support holds, the price action in the trading range is treated as consolidation of uptrend from 0.9861, and another rise towards 1.0600 is still possible, only a breakdown below 1.0145 will indicate the the rise from 0.9861 has c |
| We will finalize both projections next week Posted: 20 Jan 2012 09:43 AM PST We confirm our view that eurozone inflation will accelerate further at the beginning of the year. With respect to last week, we have upped slightly our forecast for January, from 2.3% yoy to 2.4%. However, this change reflects mostly rounding (the unrounded figure is currently 2.35%). On the ex-tobacco index, we see an acceleration from 2.1% to 2.3%. We will finalize both projections next week. Upward pres |
| Posted: 20 Jan 2012 09:41 AM PST The Consumer Price Index (CPI) held steady in December, after posting a similar reading in November. The energy price index inched down 1.3% in December, marking the third consecutive decline. The recent increase in oil prices should be reflected in the January CPI report. The food price index increased 0.2% in December putting the year-to-year gain at 4.7% vs. 1.5% in all of 2010. The energy price index moved up |
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