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Action Forex

Action Forex (ALL)
Action Forex
  • Europe Has a Weak Start, But Still Looks Good
    European equities have pulled back today but this is entirely normal after last week's rally. Stocks in Europe were up nearly 4% last week on average, and also closed above some fairly significant technical levels. The pan European Eurostoxx index broke above its 200-day sma at 2,448 and managed to
  • Next 24 Hours Key for Greek Default Risk
    The Greek government has about 24 hours to decide whether it will agree to the Troika conditions for a bailout deal. Financial markets are hardly showing much concern - but there is a non-trivial chance that Greek does the unthinkable and we must consider the fallout if talks break down.
  • EUR/CHF Anchoring Away from the 1.20 Floor in Expansion Pattern
    The EUR/CHF found support at 1.2030, above the “1.20 floor” that the SNB had pledged to support back in September 2011. Last week, the pair climbed above a declining channel in the 1H chart, but there was a throwback after testing the 200 hour SMA. Since then, the market has