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Research  >  Forex - Fundamental research
Tuesday,  28 February 2012,  07:38 GMT
AceTrader
AceTrader Research Team
Trendsetter Financial Markets Limited
Market Review - 27/02/2012

Market Review - 27/02/2012 19:17 All times in GMT Euro retreats on profit-taking after weekend G20 meeting The single currency fell on Monday after G20 officials in Mexico indicated that Europe needs to put up more funds in its bailout firewall to get additional aid from outside nations, putting pressure on Germany to drop its opposition to contributing more to the European bailout fund. In an effort to create a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading, Germany indicated that it would make a decision in March on strengthening Europe's bailout fund before the next G20 meeting at the end of April when they will decide whether to boost resources for the IMF. Although the single currency rebounded from 1.3438 to 1.3478 in New Zealand morning due to Asian central bank buying, euro ratcheted lower on profit-taking together with cross-unwinding in euro especially versus yen (eur/jpy tumbled from 109.95 to 107.20). Despite a brief recovery to 1.3465 in European morning, the pair resumed its decline on broad-based selling in euro and later euro-negative comments by ratings agency Moody’s. Euro recovered from its session low of 1.3366 in New York morning following stronger-than-expected U.S. pending home sales and after German Chancellor Angela Merkel won enough votes to pass the second Greek bailout in parliament. Later, S&P cut Greece's rating to selective default but euro showed muted reaction to this news and continued to move sideways. Earlier, rating agency Moody’s said 'the February 21 announcement on support for Greece is an important step forward, but the risk of a default, even after this distressed exchange is completed, remains high.' Italy sold 8.75 bln euros of 6-mth BOT bills, matching its maximum target and the average yield fell to 1.21% from 1.96% previously. The British pound closely tracked euro’s movements, falling from its intra-day high of 1.5904 in New Zealand to 1.5832 in early New York. Despite briefly recovering to 1.5869, cable resumed its decline and hit a session low of 1.5810 in late New York. Versus the Japanese yen, the greenback initially rose above Friday's 81.22 high to a fresh near nine-month high of 81.65 in New Zealand. However, lack of follow-through buying of dollar together with broad-based strength of yen quickly sent the pair lower at Tokyo open, dollar tumbled to 80.31 in European morning. Despite a brief rebound to 80.76, renewed buying in yen pressured the pair again to its session low of 80.13 in New York morning before rebounding. On the data front, New Zealand trade balance came in at 646 million (nzd), worse-than-forecast of 1257 million, and smaller than previous figure of 1113 million. U.K. hometrack housing survey revealed house prices were unchanged in February and decreased by 1.4% y/y. U.S. pending home sales in January rose 2.0% to 97.0, versus revised data of -1.9% to 95.1 in December 2011. Data will be released on Tuesday: Japan retail sales; Germany Gfk consumer confidence, CPI and HICP; U.K. Nationwide house prices, Halifax house prices and CBI distribution trade; Eurozone business climate, economic and industrial sentiment; U.S. Durable goods, S&P/Case-Shiller home prices, consumer confidence and Richmond Fed survey.
GMT:
13:49
London:
13:49
Tokyo:
21:49
Sydney:
22:49
New York:
08:49 







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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
Daily FX Market Outlook by AceTrader-9-9-2011

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
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.

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Monday,  17 February 2014,  06:42 GMT
Research  >  Forex - Technical research
Daily Forex and Dow Jones recommended levels
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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
Research  >  Forex - Trading signals, forecasts and strategy
Daily Forex and DowJones recommended levels
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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
Research  >  Forex - Trading signals, forecasts and strategy
Daily Forex and Dow Jones recommended levels
Technical Trading

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
Research  >  Forex - Trading signals, forecasts and strategy
Daily Forex and Dow Jones recommended levels
Technical Trading

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
Forex and Dow Jones recommended levels
Technical Trading

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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