Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
No doubt there are risks to the Obama optimism trade - Republican Congressional leadership is beginning to stir and questioning the scale of the stimulus Obama's transition team has been batting around and could prove obstructionist (recall resistan forex news :: view details »

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Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen. The greenback climbed higher on a combination of a proposed fiscal stimulus plan by President-elec forex news :: view details »

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Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
The dollar rose 1.7% against the Swiss franc, 1.5% against the euro and 1.1% versus the yen but is little changed otherwise. In Asian stock markets, many of which opened for the first time this year, a fairly strong rally saw the Nikkei climb 2.1% a forex news :: view details »

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Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
The Dollar was firmer on Friday as investors sold the Euro after data showed deepening recession in the euro zone. Demand for the single currency also fell as traders deemed the Euro's rapid advance versus the greenback last month was unsustainable. forex news :: view details »

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Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
After remarkable calm in most major cross rates at the end of last year, currency markets will enter normal trading conditions from today on. Friday's payrolls probably will be the first real test to assess sentiment on major cross rates. For sterli forex news :: view details »

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Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
Here we are dear reader back again at full speed, we have rested during the holidays season and markets opted to start the year fresh and with optimism towards the steps announced and more to come from governments to counter their recession and offs forex news :: view details »

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Avatar Posted by feedmuncher 3 days ago (http://www.actionforex.com)
Category: Fundamentals
The Purchasing Managers Index shows the industrial sector contracted in Switzerland for the fourth consecutive month. The PMI number was released at 36.9, versus analyst’s estimates of 35.2. The Swiss PMI confirms that the economy is taking a simila forex news :: view details »

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Avatar Posted by feedmuncher 5 days ago (http://www.actionforex.com)
Category: Fundamentals
The U.S. ISM Manufacturing index for December started the data calendar for the New Year with more of a whimper than a bang. The measure declined to just 32.4, far less than the prior month’s 36.2, and less than the market expectation for a 35.4 rea forex news :: view details »

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Avatar Posted by feedmuncher 6 days ago (http://www.actionforex.com)
Category: Fundamentals
Equities attempting to rally more than 25% off their lows after the last two major bounces were confined to less than 20%. In past bear markets, false rallies have extended to as far as 35% before selling re-emerged. The last 3 weeks of 2008 witness forex news :: view details »

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Avatar Posted by feedmuncher 6 days ago (http://www.actionforex.com)
Category: Fundamentals
The ISM manufacturing index for December dropped more than expected to 32.4 from 36.2 in November. This represents both the sixth consecutive drop in the index from a recent peak in June of 50.2 and the lowest reading of this index since May 1980’s forex news :: view details »

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Avatar Posted by feedmuncher 6 days ago (http://www.actionforex.com)
Category: Fundamentals
The global economy is in a synchronized cycle. That forces analysts to comb meticulously through economic data in an effort to discern those economies where the recession is least and most severe. All will be crippled, but in the land of the blind, forex news :: view details »

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Avatar Posted by feedmuncher 6 days ago (http://www.actionforex.com)
Category: Fundamentals
Sterling will remain volatile in the short term with the potential for a very fragile correction from recent over-sold conditions. Sterling found support close to the 0.98 level against the Euro on Wednesday and secured sharp gains over the day with forex news :: view details »

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