Saturday, 21 January 2012

Action Forex

Action Forex


Greek PSI talks heading towards closure

Posted: 21 Jan 2012 11:27 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: 21 Jan 2012 10:59 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

Consumer Price Index, Jobless Claims, Housing Starts – Each of These Reports Have Favorable Aspects to Note

Posted: 21 Jan 2012 10:32 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: 21 Jan 2012 09:46 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: 21 Jan 2012 09:45 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

Consumer Price Index, Jobless Claims, Housing Starts – Each of These Reports Have Favorable Aspects to Note

Posted: 21 Jan 2012 09:23 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

Daily technical outlook

Posted: 21 Jan 2012 08:53 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

Greek PSI talks heading towards closure

Posted: 21 Jan 2012 08:49 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: 21 Jan 2012 08:45 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

Daily Forex and Dow Jones Recommended Levels

Posted: 21 Jan 2012 08:39 AM PST

Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884. Then 1.5117, 1.5386, 1.5592 и 1.5660. Break of 1.5660 would lead to 1.5865, 1.7280 and 1.9430(published on 23.10.2008).Support (daily close) : 1.2610, 1.2428 and 1.2246. Then 1.2128, 1.1970, 1.1838 and 1.1700. Break of t

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