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Daily FX Report

Markets review

According to a survey the fed officials will do their part to spur the economic growth by keeping interest rates near zero after their two-day meeting this week.

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Daily Technical Analysis

EURUSD Outlook

The EURUSD attempted to push lower on Friday, bottomed at 1.3585 but closed higher at 1.3664, formed a hammer candlestick formation on daily chart indicating potential upside correction testing 1.3750 resistance area, but overall the bearish scenario should remains intact as long as price move inside the bearish channel and I still prefer to sell on rallies.

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Monday, 08 February 2010 13:52 GMT

Update Paid Signals for afternoon today

GBP/USD
Trend: Downward
Sell@ 1.5600 Target 1.5570 Stop 1.5630

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US Market Update

Dow +7 S&P +3.5 NASDAQ +7.5

***Economic Data***

(CL) Chile Jan Trade Balance: $2.1B v $1.7Be

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