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Finotec News Archive - May 09 2008

Technical oscillators supporting the bullish trend for the EUR/USD currency pair

EUR/USD-market strategy can be a buy till the $1.5509 level

Tammy Wall
09 May 2008

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EUR/USD-market strategy can be a buy till the level $1.5509
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence),we notice the MACD lines after a bearish crossover above the zero line are heading upwards and turning bullish. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. As seen on the chart there are two tops leading upwards to a buying trend.

EUR/USD

Finotec Analysis Team
09 May 2008

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Today's Economic Events

Time	Event	Currency	Period	Previous	Forecast	Significance	Actual
12:30	Trade Balance	USD	Mar	-62.32B	-61.3B		-58.2B
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.

Real Time Forex Quotes

Contract	Bid	Ask	Time	Change
EUR/USD	1.5451	1.5454	11:25:34	0.00%

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Real Time Economic Events

Event Date

Leading Index m/m(USD)	19.05.2008 14:00
Tertiary Industry Activity Index m/m(JPY)	19.05.2008 23:50
PPI m/m(EUR)	20.05.2008 06:00
BOJ Monthly Report(JPY)	20.05.2008 06:00
PPI m/m(CHF)	20.05.2008 07:15
German ZEW Economic Sentiment(EUR)	20.05.2008 09:00
ZEW Economic Sentiment(EUR)	20.05.2008 09:00
Wholesale Sales m/m(CAD)	20.05.2008 12:30
PPI m/m(USD)	20.05.2008 12:30
Core PPI m/m(USD)	20.05.2008 12:30
WMI Consumer Sentiment m/m(AUD)	21.05.2008 00:30
MPC Meeting Minutes(GBP)	21.05.2008 08:30
Public Sector Net Borrowing(GBP)	21.05.2008 08:30
Core CPI(CAD)	21.05.2008 11:00
CPI m/m(CAD)	21.05.2008 11:00
Leading Indicators m/m(CAD)	21.05.2008 12:30
Crude Oil Inventories(USD)	21.05.2008 14:30
FOMC Meeting Minutes(USD)	21.05.2008 18:00
All Industries Activity Index m/m(JPY)	21.05.2008 23:50
Trade Balance(JPY)	21.05.2008 23:50
Retail Sales m/m(EUR)	22.05.2008 08:00
Business Investment q/q(GBP)	22.05.2008 08:30
Industrial New Orders m/m(EUR)	22.05.2008 09:00
CBI Industrial Trends Orders(GBP)	22.05.2008 10:00
Core Retail Sales m/m(CAD)	22.05.2008 12:30
Retail Sales m/m(CAD)	22.05.2008 12:30
Jobless claims(USD)	22.05.2008 12:30
BOJ minutes(JPY)	22.05.2008 23:50
Trade Balance(CHF)	23.05.2008 06:15
Consumer Spending m/m(EUR)	23.05.2008 06:45
GDP q/q(GBP)	23.05.2008 07:30
GDP q/q(GBP)	23.05.2008 07:30
GDP q/q(EUR)	23.05.2008 09:00
Existing Home Sales(USD)	23.05.2008 14:00

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