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Research  >  Forex - Fundamental research
Wednesday,  01 February 2012,  02:25 GMT
AceTrader
AceTrader Research Team
Trendsetter Financial Markets Limited


Market Review - 31/01/2012 21:26 All times in GMT Euro falls on weak U.S. economic data The euro declined on Tuesday despite initial optimism of progress in the Greek debt swap talks but later fell in New York morning session as poor U.S. economic data eroded risk tolerance and prompted a return to the relative safety of the dollar. Earlier in Asia, the single currency ratcheted against the dollar after Greek Prime Minister Lucas Papademos said significant progress had been made in the debt swap talks. Although an unexpected drop in German unemployment lifted euro to an intra-day high of 1.3213 in European morning, the pair later tumbled to a session low of 1.3043 as much weaker-than-expected U.S. consumer confidence and Chicago PMI figures dampened risk appetite. However, euro later recovered to 1.3093 before easing. Greek PM Lucas Papademos said 'significant progress has been made in PSI talks; seek to reach accord on PSI, in parallel with consultation on new loan package for Greece; seek to conclude negotiations with troika by end of the week.' Later in the day, Greek finance minister Evangelos Venizelos said they are 'discussing net present value losses of more than 70% in debt swap talks.' U.S. consumer confidence fell to 61.1 in January vs forecasts of 68.0, down from a revised reading of 64.8 whilst Chicago PMI was reported at 60.2 vs forecast of 63.0 and 62.2 last month. The British pound rose in tandem with euro in Asia and climbed further to a session high at 1.5798 in European morning. Despite intra-day selloff in euro, strong cross-buying of sterling vs euro (eur/gbp fell from 0.8385 to 0.8280) limited cable's fall to 1.5746 in New York following the weak U.S. economic data before staging a minor recovery. In other news, ECB Executive Board Member Joerg Asmussen said 'more ambitious measures must follow European fiscal compact, which is important first step to fiscal union; effective implementation of fiscal pact should reinforce market confidence in eurozone public finances.' On the data front, German unemployment rate fell to 6.7% in January, better-than-forecast of 6.8%. The U.S. S&P/Case-Shiller home price index fell more than expected, down 0.7% m/m and 3.7% y/y vs forecasts of -0.5% and -3.3% respectively. Data to be released Wednesday includes: Australia house price index, China manufacturing PMI, HSBC manufacturing PMI, U.K. Nationwide house prices, manufacturing PMI, Switzerland Retail Sales, PMI, Germany manufacturing PMI, EU HICP flash, U.S. ADP employment, construction spending, ISM manufacturing.
GMT:
14:38
London:
14:38
Tokyo:
22:38
Sydney:
23:38
New York:
09:38 







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

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Wednesday,  28 September 2011,  07:26 GMT
Research  >  Forex - Technical research
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Monday,  12 September 2011,  01:14 GMT
Research  >  Forex - Technical research
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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.
Thursday,  08 September 2011,  00:38 GMT
Research  >  Forex - Technical research
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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.

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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.
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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
Research  >  Forex - Technical research
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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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