Forex Daily Market Review Aug 10, 2010

Source: feedproxy.google.com

By eToro – Expectations that the US Federal Reserve will keep rates unchanged lead investors into riskier assets but profit taking pared the...


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  • Belgian Central Bank issues negative forecasts

    Obviously all is not well in the state of Belgium. The Belgian central bank has; cut the GDP growth forecast for 2009 to -3.5% from -1.9%, which would be the worst on record sees a 2009 budget deficit of 5.5% of GDP sees a short period of negative inflation this year and has lowered the annual...

  • EURUSD formed a cycle bottom at 1.3443

    EURUSD had formed a short term cycle bottom at 1.3443 level on 4-hour chart. Another bounce to test 1.3838 key resistance is...

  • Usual suspects rumored buying dips

    A US investment bank and the Chinese were rumored buyers on the most recent dip into the 30s and then chasing EUR/USD higher, dealers report. We trade now at 1.3966. Offers are seen in the 1.4030/40 area if we can garner topside...

  • Australian New Home Sales Down 8%

    A monthly report on new home sales in Australia revealed a continuation of July’s dismal housing figures from the Outback economy. The...

  • AUD/USD approaches stops under 0.8000

    AUD/USD, which we last highlightend when it was near stops in the 0.8140/50 area. Now stops are eyed in the 0.8000 region. Having defined a top earlier, maybe we’ll define a bottom...