Forex Crunch British Services Squeeze – Pound Falls

Forex Crunch British Services Squeeze – Pound Falls

British Services Squeeze – Pound Falls

Posted: 06 Jan 2011 02:50 AM PST

According to the purchasing managers’ index (PMI), the services sector contracted – the score is under the critical 50 point mark separating contraction and economic expansion. Early expectations stood on a score of 52.9 points, very close to last month’s 53 points – both on the growth side. The score of 49.7 is therefore a big disappointment.

EUR/USD Dec. 6 – Dropping Towards Important Support

Posted: 06 Jan 2011 02:46 AM PST

EUR/USD continues down after yesterday’s drop. Today we have the last hint before the Non-Farm Payrolls. Will it lose the important support line? Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Was more quiet than beforehand, but still saw some downwards action.. Current Range between 1.3080 to 1.3180 Further

Eur/Usd Triangle-Follow Up

Posted: 06 Jan 2011 01:07 AM PST

Triangle formation is acting very well so far, as the Eur fell quite sharply yesterday against the US dollar down to 1.3120 region. You will notice that pair found the base exactly at the lower support line of a triangle, so a pull-back will likely appear from this region into a wave E, final leg

Forex Daily Outlook – January 6 2011

Posted: 05 Jan 2011 02:00 PM PST

Unemployment Claims in the US and Halifax HPI in the UK are some of the highlights on our outlook .Let’s see what awaits us today.  In the US, Unemployment Claims, number of individuals who filed for unemployment insurance for the first time during the past week; is about to rise by 12K. an important signal

AUD/USD Jan.6 –Aussie Continues Decline Against USD

Posted: 05 Jan 2011 11:33 AM PST

AUD/USD is lower again today, showing continued relative weakness and dropping below support, reaching 0.9998 at the time of this writing. Have we seen the current AUD/USD top? Here's a quick update on technicals, fundamentals and community trends.   AUD/USD Technicals Previous sessions: AUD/USD continued its decline against the US Dollar today trading at 0.9998

ISM Services PMI Surprises – Dollar Extends Gains

Posted: 05 Jan 2011 07:25 AM PST

The good news continue to flow from the US: ISM Non-Manufacturing PMI scored 57.1 points, significantly higher than 55.6 that was predicted. This gives an additional boost to the greenback, with EUR/USD aiming for the next support line. Expansion of the services sector is now in line with that of of the manufacturing sector –

Dollar Surges On Excellent Job Gain

Posted: 05 Jan 2011 05:34 AM PST

ADP released a whopping surprise – 297,000 jobs gained in the private sector according to their numbers! This huge surprise is far better than other improvements. The result – the greenback surges across the board with EUR/USD losing support. This tripled the expectations for around 100K jobs gained, and is more than triple the figure
Posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)