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Finotec News Archive - September 03 2007

EUR/USD pair

EUR/USD Daily Technical Reports

Rodian Rahnayev
03 September 2007

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EUR

Price is supported byt the hourly uptrend line at 1.3630 and with hourly studies ticking higher further gains remain on the cards intraday. The daily charts are mixed. Friday"s price action closed back near the open close to the lows of the day which represents indecision in the market. Day trend studies are flat.

Finotec Analysis Team
03 September 2007

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Today's Economic Events

Time	Event	Currency	Period	Previous	Forecast	Actual
08:30	Manufacturing PMI	EUR	Aug	54.2	54.2	54.3
Manufacturing PMI The Chartered Institute of Purchasing and Supply (CIPS) Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their companyӳ performance, which can be a leading indicator of overall economic performance.
07:55	German Manufacturing PMI	EUR	Aug	56.8	56.3	56.0
German Manufacturing PMI
00:00	Holiday: Labor Day	USD	Sep	NA	NA	NA
Holiday: Labor Day

Real Time Forex Quotes

Contract	Bid	Ask	Time	Change
EUR/USD	1.4746	1.4749	20:06:10	-0.00%

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