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Finotec News Archive - August 30 2007

USD/CHF

USD/CHF Daily Technical Reports

Rodian Rahnayev
30 August 2007

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Long taken earlier today on the rise beyond the prior two sessions" highs and the 10-day MA at 1.2040. Prices pulled back from their 1.2067 high, which was a test of the 21-day MLR, as overbought hourlies needed to be reset and have been, as prices then rebounded ahead of the 61.8% Fibo of 1.1985/1.2067 at 1.2015; that level defending our stop.

Finotec Analysis Team
30 August 2007

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Today's Economic Events

Time	Event	Currency	Period	Previous	Forecast	Actual
12:30	GDP Annualized q/q (r)	USD		3.4%	4.0%	4.0%

12:30	GDP Deflator Annualized q/q (r)	USD		2.7%	2.7%	2.7%

12:30	Core PCE Q2	USD		1.4%	1.4%	1.3%

12:30	Unemployment Claims	USD	Weekly	322K	322K	334
Measures the number of individuals who filed for unemployment insurance for the first time over the past week. A falling trend has a positive effect on the nation's currency. Working people tend to spend more, and consumer spending is a major driver of the economy. However, unemployment usually draws little attention because traders view it as a lagging indicator.

Real Time Forex Quotes

Contract	Bid	Ask	Time	Change
USD/CHF	1.1381	1.1386	20:59:39	0.01%

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