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Research  >  Forex - Technical research
Thursday,  08 September 2011
AceTrader
AceTrader Research Team
Trendsetter Financial Markets Limited
Daily FX Market Outlook by AceTrader-8-9-2011

Market Review - 07/09/2011 22:00 GMT Euro maintains a steady bias ahead of Thurday's ECB rate meeting http://www.acetraderfx.com The single currency briefly rallied in European morning on Wednesday after German Constitutional Court rejected lawsuits aimed at blocking the country's participation in eurozone bailouts, easing worries about eurozone debt crisis.
00:38 GMT  08 September 2011,  Thursday

The single currency edged higher from Australian low at 1.3994 and briefly climbed to session high of 1.4150 after German top court rejected challenges to the participation in ECB rescue funds. Despite euro's strong retreat to 1.4013 in NY morning, active cross buying of euro vs other currencies lifted the pair to 1.4108 in late NY afternoon.  
  
Euro was supported in New York session by the rallies in U.S. and European stock markets as DJI surged by 275.56, or 2.47% to 11414.86. FTSE-100, CAC-40 and DAX rose sharply by 3.14%, 3.63% and 4.07% respectively.  
  
Versus the yen, although the greenback extended its fall from Tuesday's NY high at 77.73 to 77.07 in Asian morning partly due to BOJ's rate decision, the pair staged a minor bounce to 77.37 but retreated to 77.08 in European morning. However, buying interest around 77.00/07 supported the pair to 77.45 at NY midday before retreating.  
  
BoJ kept its overnight call rate unchanged at 0-0.1% and announced 'no new monetary easing steps; economy to resume moderate recovery; output and exports continue to rise; need to watch developments in U.S. economy and Europe sovereign debt problem.'  
  
Although the British pound rose in tandem with euro from Australian low at 1.5938 to session high of 1.6040 in European morning, renewed selling there sent the pair below Tuesday's low at 1.5921 to a marginal low of 1.5919 in NY midday on cross selling of sterling, however, rebound in euro also lifted the pound.  
  
Earlier in European morning, the British pound was pressured as UK Halifax house prices for Aug. was weaker-than-expected at -1.2% m/m and -2.6% 3m y/y versus forecasts of -0.3% and -2.3% respectively.  
  
On the data front, German industrial production was much better than expected at 4.0% m/m and 10.1% y/y vs forecasts of 0.5% and 6.5% respectively. UK Manufacturing output for July was up 0.1% m/m and 1.9% y/y vs forecasts of 0.0% and 1.9% respectively.  
  
Data to be released on Thursday:  
  
Japan Current account Jul, Machinery orders, economic watch, Australia Unemployment, Swiss Unemployment, Germany Trade balance, Import n Export, Current account, U.K. BOE rate decision, Canada Building permits, housing index, trade balance, imports n exports,U.S. Jobless claims.

GMT:
06:15
London:
06:15
Tokyo:
14:15
Sydney:
15:15
New York:
01:15 







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Wednesday,  20 February 2013,  03:42 GMT
Research  >  Forex - Technical research
EUR/USD Daily Technical Outlook: February 20, 2013

DAILY TECHNICAL OUTLOOK ON EUR/USD Last Update At 20 Feb 2013 00:39GMT Trend Daily Chart Sideways Daily Indicators Turning down 21 HR EMA 1.3374 55 HR EMA 1.3364 Trend Hourly Chart Near term up Hourly Indicators Rising 13 HR RSI 74 14 HR DMI +ve Daily Analysis Consolidation with upside bias Resistance 1.
Wednesday,  28 September 2011,  07:26 GMT
Research  >  Forex - Technical research
TRADING SIGNAL BY ACETRADER.COM: AUD/USD by AceTrader

TRADING SIGNAL BY ACETRADER.COM: AUD/USD AUD/USD : 0.9852 Last Update At 28 Sep 2011 06:11 GMT As 0.9844 has contained aud's retreat fm y'day's high of 0.9986, suggesting consolidation with up- side bias is seen for gain to 0.
Monday,  12 September 2011,  01:14 GMT
Research  >  Forex - Technical research
Daily FX Market Outlook by AceTrader-12-9-2011

Market Review - 10/09/2011 01:20 GMT Euro tumbles on heightened concerns over Greek default and ECB Stark's resignation http://www.acetraderfx.com The single currency continued its descent this week and tumbled sharply to a 10 year-low against the yen and to a 6-month low against the greenback on speculation over the possibility of a Greece default and the resignation of European Central Bank executive board member and also its chief economist Jurgen Stark.
Friday,  09 September 2011,  00:50 GMT
Research  >  Forex - Technical research
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Market Review - 08/09/2011 21:55 GMT Euro tumbles on Trichet and Bernanke's comments http://www.acetraderfx.com The single currency continued its recent steep descent and tumbled on Thursday against all major currencies as ECB President Jean-Claude Trichet, whose 8-year term will end on October 31, said in ECB's monetary policy press conference that there is 'intensified downside risks' in European economy and inflation has remained elevated.
Wednesday,  07 September 2011,  00:50 GMT
Research  >  Forex - Technical research
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Market Review - 06/09/2011 21:59 GMT Franc plunges broadly as SNB draws line on eur/chf http://www.acetraderfx.com The Swiss franc tumbled broadly on Tuesday as the Swiss National Bank stated that it would no longer accept a strong franc and prepared to buy foreign currencies in unlimited quantities to maintain its goal of a minimum exchange rate of CHF 1.

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Monday,  17 February 2014,  06:42 GMT
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February 17, 201 4 GMT 06:31 EUR/USD Today’s support: - 1.3677 and 1. 3663 (main), where correction is possible. Break would give 1.
Friday,  14 February 2014,  05:18 GMT
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February 14, 201 4 GMT 05:10 EUR/USD Today’s support: - 1.3633, 1.3618 and 1. 3590 (main), where correction is possible. Break would give 1.
Thursday,  13 February 2014,  05:37 GMT
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February 13, 201 4 GMT 05:18 EUR/USD Today’s support: - 1. 3590 (main), where correction is possible. Break would give 1. 3567 , where correction also may be.
Tuesday,  11 February 2014,  06:23 GMT
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February 11, 201 4 GMT 06:18 EUR/USD Today’s support: -  1. 3622 and 1. 3590 (main), where correction is possible.
Wednesday,  29 January 2014,  06:23 GMT
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January 29 , 201 4 GMT 06:17 EUR/USD Today’s support: - 1.3635 and 1.3614(main), where correction is possible. Break would give 1.

 


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