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Forex - Fundamental research
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Tuesday,
22 July 2008,
02:29 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
July 22, 2008
GMT 02:20
EUR/USD
Today’s support: - 1.5907, 1.5871, 1.5840 and 1.5817(main), where correction is possible. Break would give 1.5806, where correction also may be. Then follows 1.5781. Break of the latter would result in 1.5750. If a strong impulse, we would see 1.5728. Continuation will give 1.5716.
Today’s resistance: - 1.5963 and 1.5997(main). Break would give 1.6023, where a correction is possible. Then goes 1.6054. Break of the latter would result in 1.6076. If a strong impulse, we’d see 1.6098. Continuation will give 1.6120.
USD/JPY
Today’s support: - 106.30, 106.02, 105.74 and 105.57(main). Break would bring 105.36, where correction is possible.
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Monday,
21 July 2008,
07:41 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
July 21, 2008
GMT 07:35
EUR/USD
Today’s support: - 1.5825, 1.5806 and 1.5781(main), where correction is possible. Break would give 1.5750, where correction also may be. Then follows 1.5728. Break of the latter would result in 1.5716. If a strong impulse, we would see 1.5694. Continuation will give 1.5678.
Today’s resistance: - 1.5876, 1.5896, 1.5963 and 1.5997(main). Break would give 1.6023, where a correction is possible. Then goes 1.6054. Break of the latter would result in 1.6076. If a strong impulse, we’d see 1.6098. Continuation will give 1.6120.
USD/JPY
Today’s support: - 106.30, 106.02, 105.74 and 105.57(main). Break would bring 105.36, where correction is possible.
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Monday,
21 July 2008,
00:19 GMT
Forex - Technical research and
GCI Forex Research
by FX Research Desk
Weekly market recap, week ahed
The euro depreciated vis-à-vis the U.S. dollar last week as the single currency tested bids around the $1.5785 level and was capped around the $1.6040 level. The pair lost about 90 pips last week. The U.S. government bailed out Fannie Mae and Freddie Mac with a “liquidity backstop” and will purchase shares in them if needed. Bernanke cited a “critical” need to keep inflation expectations in check and said a “top priority” is normal market functioning. The Fed sees 2008 GDP growth of 1.0% to 1.6% with core inflation at 2.2% to 2.4%. Sovereign wealth funds are said to have reduced US$ exposure. FOMC meeting minutes revealed policymakers believed “some firming in policy would be appropriate very soon.
• EUR
• JPY
• GBP
• CHF
• CAD
• AUD
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Saturday,
19 July 2008,
03:22 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Daily market commentary
The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5805 level and was capped around the $1.5885 level. The common currency came off after it was reported that U.S. banking giant Citigroup registered lost less money in the second business quarter than estimated. Citigroup took a charge of US$ 7.2 billion, below the $9.0 billion write-down that was expected. Traders are paying close attention to earnings reports from other U.S. financial institutions, especially during this period of heightened credit market dislocation. In eurozone news, the EMU-15 May trade balance printed at -€4.6 billion, down from April’s surplus of €2.5 billion.
• EUR
• JPY
• GBP
• CHF
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Friday,
18 July 2008,
03:58 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
July 18, 2008
GMT 03:52
EUR/USD
Today’s support: - 1.5806 and 1.5781(main), where correction is possible. Break would give 1.5750, where correction also may be. Then follows 1.5728. Break of the latter would result in 1.5716. If a strong impulse, we would see 1.5694. Continuation will give 1.5678.
Today’s resistance: - 1.5876, 1.5896, 1.5963 and 1.5997(main). Break would give 1.6023, where a correction is possible. Then goes 1.6054. Break of the latter would result in 1.6076. If a strong impulse, we’d see 1.6098. Continuation will give 1.6120.
USD/JPY
Today’s support: - 105.97 and 105.76(main). Break would bring 105.36, where correction is possible.
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Friday,
18 July 2008,
01:21 GMT
Forex - Fundamental research and
GCI Forex Research
by FX Research Desk
Daily market commentary
The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5890 level and was supported around the $1.5810 level. Traders erased some of the common currency’s losses yesterday on concerns it will take a significant amount of time to work through this latest round of credit problems in the U.S. financial sector. The U.S. dollar was also lower on media reports that major sovereign wealth funds have trimmed their exposure to the U.S. dollar. Testimony from Federal Reserve Chairman Bernanke indicated beleaguered U.S. mortgage giants and GSEs Fannie Mae and Freddie Mac are not in any danger of failing and Bernanke added the containment of inflation remains a “top priority” for the Fed.
• EUR
• JPY
• GBP
• CHF
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Thursday,
17 July 2008,
06:18 GMT
Forex - Trading signals, forecasts and strategy and
Technical Trading
by Nikolajs Serikovs, Analyst
Forex and Dow Jones recommended levels
July 17, 2008
GMT 06:03
EUR/USD
Today’s support: - 1.5840(main), where correction is possible. Break would give 1.5814, where correction also may be. Then follows 1.5781. Break of the latter would result in 1.5750. If a strong impulse, we would see 1.5728. Continuation will give 1.5716 and 1.5694.
Today’s resistance: - 1.5896, 1.5955, 1.5973 and 1.5997(main). Break would give 1.6023, where a correction is possible. Then goes 1.6054. Break of the latter would result in 1.6076. If a strong impulse, we’d see 1.6098. Continuation will give 1.6120.
USD/JPY
Today’s support: - 106.67, 104.40 and 104.13(main). Break would bring 103.89, where correction is possible.
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