Daily Archives: September 7, 2011
Technical Analysis: Technical Alert
An eventful day yesterday, EURCHF no longer allowed below 1.20, EURNOK impulsively broke down from its 2011 range, EURUSD seems to be under increasing pressure….1.3838 soon? the last line of defense.EURSEK also under pressure (but not as EURNOK given NOKSEK still liked higher.
HSBC: ISM service-sector index edges up
The ISM non-manufacturing index edged up to 53.3 (consensus 51.0) in August, up from 52.7 in July. The key metrics of the report were close to unchanged and show modest growth in new orders, business activity, and employment. Two of the indexes that showed the strongest gains were export orders and imports, rising 7.5pts and […]