A downward pressure that had taken on the EUR/USD after capping at 1.3124 (55-day SMA) is finding support at 1.3100 psychological level, that looks impervious for the time being.
The pair reached the 50-Day SMA by 1.3080. A clear break and consolidation above this level would confirm a shift in a medium-term structure and accelerate gains towards the 100-Day SMA by 1.3380. Otherwise we see the risks of a new decline towards the 1.2590-1.2625 support area.
The pair reached the 100-Day SMA by 1.5670. A clear break and consolidation above this level would confirm a shift in a medium-term structure and accelerate gains towards the 200-Day SMA by 1.5970 or the 1.6150 resistance. Otherwise we see the risks of a decline back towards the 50-Day SMA by 1.5545, with a break below to extend losses towards the 1.5230 low
After a short-lived corrective pullback that was contained by the 1.5665/70 area, GBP/USD resumed the upside climbing back above 1.5700 following the release of mixed US data.
The Reserve Bank of New Zealand left the Official Cash Rate (O.C.R.) at 2.5% while domestic demand remains moderate and concerns continue over the condition of the global economy. The rate was held constant rather being reduced like other regions have done (e.g. Australia) as country officials expect economic growth to come out of economic activity in the newly constructed Christchurch city and s
Forexsq.com - Sales of new U.S. homes unexpectedly declined in December for the first time in four months, capping the slowest year on record for builders.
Purchases (NHSLTOT) of single-family properties decreased 2.2 percent to a 307,000 annual pace, figures from the Commerce Department showed today in Washington. The median forecast in a Bloomberg News survey of economists called for a rate
The United States (U.S.) Commerce Department reported durable goods sales orders increased by 3.0% to $214.5 billion. The figure, greater than the 2% analysts had projected, exhibited increasing strength in the manufacturing sector. Purchases were headed by transportation equipment that increased 5.5%. Business purchases that included non-defense capital goods moved up 2.9% eliminating previous m
The EUR/USD has been trading sideways since the Asian session, around 1.3100 psychological level, after yesterday’s rally running out of steam, capped at 1.3183.
ForexSQ.com - The annual growth rate of the broad monetary aggregate M3 decreased to 1.6% in December 2011, from 2.0% in November 2011.1 The three-month average of the annual growth rates of M3 in the period from October 2011 to December 2011 decreased to 2.1%, from 2.5% in the period from September 2011 to November 2011. Regarding the main components of M3, the annual growth rate of M1 decreased
The pair managed to hold above the 50-Day SMA and in a short-term could reach the 100-Day SMA by 1.5670. Breaking and consolidating above the 100-Day SMA would confirm a shift in a medium-term structure and accelerate gains towards the 200-Day SMA by 1.5975 or the 1.6150 resistance. However, while the pair trades below the 100-Day SMA, we could see a bearish reversal and setbacks below 1.5300 to
ForexSQ.com - Forex News - The yen strengthened the most in a month against the dollar and the cost of insuring government debt rose as bondholders resumed talks with Greece. Treasuries fell before a report that may show U.S. economic growth quickened, while European stocks were little changed.
The yen appreciated as much as 0.7 percent against the dollar before trading 0.5 percent higher at 9
The GBP/USD tumbled to 1.5525, reaching the lowest price in two days but rebounded and trimmed losses. The recovery failed to bring the pair back above 1.5600, as the mentioned level capped the upside and the Pound resumed the decline.
ForexSQ.com - European stock markets inched lower Friday, as Greece and its private creditors met again to negotiate a debt-swap deal. U.S. housing data disappointed investors.
The Stoxx 600 index XX:SXXP -0.10% shed 0.4% to 256.96, pulling back from Thursday’s five-month high.
The FTSE 100 index UK:UKX -0.30% fell 0.6% to 5,759.19 in London, while the French CAC 40 index FR:PX1 -0.33% w
ForexSQ.com - Britain's economy has taken a step closer to recession, with official figures revealing that it contracted by 0.2% between October and December, more than expected. Here is what economists made of the data. Philip Rush, UK economist, Nomura With Q4 negative and the recovery shaky, we are forecasting a technical recession – ie two consecutive quarters of negative GDP growth. But at -
Stock News - ForexSQ.com - Stock investors no longer have doubts about dividends, and that’s reason for some doubt.
Shares of high-quality, cash-rich, large-cap companies that yield more than the Standard & Poor’s 500-stock index SPX -0.58% are the new favorites in many portfolios. But many of these success stories have been discovered, boosting share prices and trimming yields.
