Aug 28
Forex Trading News: EURUSD Finds Nice Support at 61.8%
Forex Trading News: EURUSD Finds Nice Support at 61.8%
The EURUSD was able to break through the 61.8% level during the Asian session, which was the resistance at the time. Now this same level has provided a strong support as the pair has bounced off a few times breaking 1.4800 hitting session highs at 1.4807.
Forex Videos - August 28th 2008 FXDD Daily Market Outlook
Thursday will be a big trading day in the forex. Get the information you need to trade like the pros at FXDD.
Forex Trading News: Economic Calendar (8/28/2008)
Thursday, August 28, 2008
Forex Trading News: UK Nationwide House Price Index Released
The UK Nationwide HPI comes out at -1.9% from the previous -1.7%. This was forecast for a slight rise to -1.5%.
The GBP was already softening up before this data. The GBP was dragged down further after the worse than forecast release but was able to reverse some of the losses very quickly.
Forex News: AUD Private New Capital Expenditure q/q Out at 5.7
Forex Trading News: German Unemployment Change Released
The German Unemployment Change which was leaked early came out at -40K from the previous -20K. This was forecast for a rise to -10K.
There was no impact to this data as this release confirmed the leak which came out about 20 minutes early.
Forex:Eur/Usd in a downward channel.
Eur/Usd staying in a downward channel looking to test the topside of that channel. If it breaks on the topside we might see a 33%-38% retracement from the downward move from 1.6000.
Forex Trading News: Forex and Economic Preview (8/28/2008)
Attached are the Forex and Economic releases and previews for today.
Forex Trading News: CHF Employment Level Released
The CHF Employment Level comes out at 3.92M from the previous 3.90M. This was forecast for a slight rise to 3.91M.
The CHF did not react much to this data.
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