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Daily technical outlook 8-31-10

posted by liviuf 636 days ago in EUR, JPY, Technical

EURUSD - Euro’s consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 – following the EURJPY which is facing resistance around former support zone, at 109.25.

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Daily technical outlook 8-26-10

posted by liviuf 640 days ago in EUR, GBP, Technical made popular 640 days ago

EURUSD - The euro recovered after another dip towards 1.2600 from 1.2720 which still provides intra-day resistance, for the 4th day

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Daily technical outlook 8-25-10

posted by liviuf 641 days ago in USD, EUR, Technical made popular 641 days ago

What’s the difference between Investment Bankers and London Pigeons? The Pigeons are still capable of making deposits on new BMW’s — Rob, a trader from the U.K.

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Daily technical outlook 8-24-10

posted by liviuf 642 days ago in USD, EUR, Technical

EURUSD - The euro fell for 4th day against the dollar, approaching the median retracement of last upward swing from 1.1875 to 1.3335 at 1.2605.

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Daily technical outlook 8-23-10

posted by liviuf 643 days ago in USD, EUR, Technical made popular 642 days ago

EURUSD - The euro weakened across the board and breached below the bear flag formation against the dollar – printing a session low at 1.2662 on Friday.

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Daily technical outlook 8-20-10

posted by liviuf 646 days ago in EUR, JPY, Technical made popular 646 days ago

EURUSD - The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900.

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Daily technical outlook 8-19-10

posted by liviuf 647 days ago in EUR, JPY, Technical made popular 647 days ago

EURUSD - Another failed attempt to break above 1.2900 occurred yesterday although the euro rallied to as high as 1.2920 before weakening throughout the US trading session.

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Daily technical outlook 8-18-10

posted by liviuf 648 days ago in EUR, AUD, Technical made popular 648 days ago

EURUSD - 1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts

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UK: Inflation forces King to explain

posted by posh 648 days ago in GBP, Inflation made popular 648 days ago

UK inflation held above the government's 3 percent limit in July, forcing Bank of England governor Mervyn King to write his third public letter this year to explain how he will bring prices under control.

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UK July CPI slows to 3.1%, BoE to explain overshoot

posted by Nica 648 days ago in GBP, Inflation, Consumer made popular 648 days ago

British consumer price index (CPI) slowed in July but remained above 3% as expected, forcing a third open letter from the Bank of England (BoE) this year to explain why inflation is still above target.

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U.S. wholesale prices rise for first time in 4 months

posted by mintchocolate 648 days ago in USD, Inflation made popular 648 days ago

U.S. wholesale prices rose 0.2 percent in July, the first time in four months, alleviating concerns that the U.S. economy might fall into a prolonged deflation just as Japan did in its "lost decade," the Labor Department reported Tuesday.

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Osborne says austerity is only option

posted by stephenie 648 days ago in GBP made popular 648 days ago

GEORGE Osborne yesterday said he would not shy away from ambitious plans to slash public spending, insisting the economy would fall into a tailspin unless Britain’s yawning deficit is dealt with.

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