[20:37 US ECON: Events Diary for Wednesday, January 25] Boston, January 24:
[Data] * 12:00 MBA Refinancing Index for the Jan 20 week (prev 9.9%) * 15:00 Dec Existing Home Sales (mkt 6.90 mln, prev 6.97 mln) * 15:00 Dec Chicago Fed National Activity Index (prev 0.35) * 15:00 Dec Mass Layoff Statistics (prev 118,098) * 15:30 EIA petroleum data for Jan 20 week
[Events] * 18:40 President Bush to meet with NSA at Ft. Meade, MD * 21:15 Fed Gov Olson (voter) speaks on financial education
[Issuance] * 18:00 Treasury auctions $22 bln 2-yr note; settle Jan 31 --
jeoff.hall@thomson.com
[IFR Forex Watch]
[SQUAWK BOX]
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We were tempted to buy today"s pullback as hourlies began to rebound from oversold, but slightly overbought daily studies and the fact that today"s 1.2320 high is the 0.618 projection from the 1.1640-1.2060 advance in Nov and Dec are keeping us restrained. Need a breakout beyond 1.2320 (1.2738 tgt) or abounce from 1.2215/25 supports to buy. (RD)
[20:39 GMT]end
[1.2292] 21:40 GMT TUE 24 JAN
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[ EUR/USD TRADING PAGE ] | [SPOT] |[TECHNICAL SIGNIFICANCE] |[RECOMMENDATION] | [POSITION] : 1.2455(M) |Daily High Sept 9 |Flat On A Failure |
[FLAT at] : 1.2410(M) |38.2% of 1.3665 - 1.1635 |Take Profit, Buy Break |
[1.2300] : 1.2390(M) |2% MA Band |Flat On A Failure | : 1.2320(M) |Dly Hi Sep 14, Fibo |Buy a Break
|Open|23/01/06
: |
TIME 23 57|
: 1.2225(M) |Hourly Support Jan 24 |Buy a Bounce | | : 1.2175(M) |Daily High Jan 6, 200 M/A |Buy A Bounce
|TGT | : 1.2045(M) |Daily Low Jan 20 |Buy A Bounce
|Stop| : 1.2010(M) |Daily Low Jan 12 |Sell A Break Below | ============|==========================|========== ===============|=============
[IFR Forex Watch]
Be carefull out there