Identifying Trades with DailyFX 12.15.08 (Daily FX)
Original post: Identifying Trades with DailyFX 12.15.08 (Daily FX)
Archive for December 14th, 2008
Euro, British Pound Punish US Dollar as Stock Markets Gain Momentum (Euro Open) (Daily FX)
The Euro and the British Pound started the week stronger against the US Dollar as a rebound in risk appetite pushed capital out of safe-haven assets. Top Asian stock exchanges were up between 2-5% while US equity index futures added nearly 1% ahead of the opening bell in Europe.
December 15 market commentary and technical levels
Mon, 15th of December, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD didn’t make a significant movement Friday. The pair seemed to moved in ranging market between 1.3410 and 1.3250 suggesting that then pair was in consolidation phase
Intraday Thoughts – December 15, 2008
Prospects of the administration stepping in to the automakers rescue saw US equities turning around from a very weak open, ending Friday in positive territory the day after the US Senate failed to pass Detroit’s bailout plan. For currency markets, this meant a similar roller coaster ride with the Yen crosses ending up with hammer days and EURUSD continuing its push further into the previous 1.3300 – 1.3780 trading range. For today we start off with key releases from Japan with the Quarterly Tankan Surveys looking at sharp deterioration the Large Manufacturing Index forecasted at -23 from the previous -3 and Non-Manufacturing Index seen slipping to -9 from 1
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