SearchTags: us dollarEUR/USD Daily Outlook15th February 2008 EUR/USDs rise from 1.4438 continues today and edges further higher to 1.4663. At this point, intraday bias remains on the upside as long as 1.4575 minor support holds. Near term focus remains on the 1.4672 resistance. Break will confirm that fall from 1.… more » Categories: Forex News USD/JPY Daily Outlook15th February 2008 USD/JPYs corrective rise was limited at 108.59, slightly below mentioned 108.61/71 cluster resistance (38.2% retracement of 114.77 to 104.96 at 108.71 & 100% projection of 104.96 to 107.89 from 105.68 at 108.61). Subsequent retreat and break of 108.00 in… more » Categories: Forex News GBP/JPY Daily Outlook15th February 2008 GBP/JPYs rise from 205.86 was limited at 213.85, slightly below inner falling channel resistance (now at 213.91). Subsequent retreat dragged 4 hours MACD below signal line, with GBP/JPY touched 211.88 support, indicating that an intraday top is in place.… more » Categories: Forex News Dollar Notches Stellar Weekly Performance13th February 2008 Last week, the USD recorded its best weekly performance since 2006, rising 3 cents against its chief rival, the Euro. Apparently, analysts are becoming increasingly pessimistic about the effect of the America recession on the global economy. The consen… more » Categories: Forex News ECB Holds Interest Rates12th February 2008 At its meeting last week, the European Central Bank (ECB) held its Euro-zone benchmark lending rate at 4.00%. While the decision itself came as no surprise, analysts were nonetheless waiting with baited breath to hear what remarks would accompany it. J… more » Categories: Forex News |
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