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2008-7-10 Zhangge Daily Forex Analysis

The EUR / USD slide Below The first 2870 2011 Low and Established a new 2011 low at first 2857 before a Corrective Rally Followed. As we wind down the trading year on the 12/30 U.S. session, the Market Appears to continue this Corrective rally. It is so Father Held Below the first 2968, 50% retracement

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The EUR / USD slide Below The first 2870 2011 Low and Established a new 2011 low at first 2857 before a Corrective Rally Followed. As we wind down the trading year on the 12/30 U.S. session, the Market Appears to continue this Corrective rally. It is so Father Held Below the first 2968, 50% retracement

View full post on Action Forex (ALL)

The EUR / USD slide Below The first 2870 2011 Low and Established a new 2011 low at first 2857 before a Corrective Rally Followed. As we wind down the trading year on the 12/30 U.S. session, the Market Appears to continue this Corrective rally. It is so Father Held Below the first 2968, 50% retracement

View full post on Action Forex (ALL)

The EUR / USD slide Below The first 2870 2011 Low and Established a new 2011 low at first 2857 before a Corrective Rally Followed. As we wind down the trading year on the 12/30 U.S. session, the Market Appears to continue this Corrective rally. It is so Father Held Below the first 2968, 50% retracement

View full post on Action Forex (ALL)

Global asset markets are quiet on this last trading day before New Year. European Stocks are 0th 3 Percent Higher, EURUSD is down 0th 2 percent, gold spot is up first 6 percent, WTI crude is Unchanged and Spanish & Italian 10-year bond yields are down eight and two basis points respectively. U.S.

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Thursday saw risk assets ride a much Needed relief rally as a Continuing Stream Of Encouraging U.S. data soothed sentiments. While weekly jobless claims edged higher to 381k vs. expected 375k, Chicago PMI printed better at the 62nd 5 for December vs. EL 61 and the Pending Home Sales jumped +7. 3% in November

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After a bit of a blip risk has ended the day pretty much exactly Where it started. EURUSD is back above the first 2900 after falling as low as the first 2858 Below-key Fibonacci support at the first 2867th The Italian debt auction From this morning is a distant memory as we end the

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