Tue, Sep 29 2009, 07:41 GMT
http://www.fxstreet.com
On a wider perspective, the Pair remains, moving within the range seen during the last 12 hours from 1.4585 to 1.4635, although range floor at 1.4585 has been tested recently. Below here, next support levels lie at 1.4560 (Sept 15 low) and 1.4530/35 projection. On teh upside, resistance levels lie at 1.4650, and above here, 1.4675/80 and 1.4720/25 (Sept 25/28 high).
According to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the pair will continue consolidating at current levels: "Correcting and consolidating, clearly above the most recent Fibonacci retracement, between the nine-day and twenty-six day averages. Allow for more sideways work today and maybe for a fortnight."
DATA SNAP:Italy Business Confidence Falls To 74 In September
Tue, Sep 29 2009, 07:45 GMT
http://www.djnewswires.com/eu
DATA SNAP:Italy Business Confidence Falls To 74 In September
ROME (Dow Jones)--Italian business confidence dropped in September as the outlook for international orders worsened markedly, with the data surprising markets by reversing the past five months' upward trend, figures showed Tuesday.
The business confidence index in the European Union's fourth-largest economy fell to 74 from a downwardly revised 74.4 in August, as sentiment about current demand and output perspectives deteriorated, state-funded research center ISAE said.
The reading was well below a Dow Jones Newswires poll of nine economists, which forecast business confidence to rise to 75.8 in September.
The ISAE business sentiment survey was conducted Sept. 1-17.
Web site: www.isae.it
-By Chiara Vasarri and Giada Zampano; Dow Jones Newswires; +39 06 697 66920; chiara.vasarri@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:45 ET (07:45 GMT)
Copyright 2009 Dow Jones & Company, Inc.
By Chiara Vasarri and Giada Zampano
Of DOW JONES NEWSWIRES
ROME (Dow Jones)--Italian business confidence dropped in September as the outlook for international orders worsened markedly, with the data surprising markets by reversing the past five months' upward trend, figures showed Tuesday.
The business confidence index in the European Union's fourth-largest economy fell to 74 from a downwardly revised 74.4 in August, as sentiment about current demand and output perspectives deteriorated, state-funded research center ISAE said.
The reading was well below a Dow Jones Newswires poll of nine economists, which forecast business confidence to rise to 75.8 in September.
The ISAE business sentiment survey was conducted Sept. 1-17.
Web site: www.isae.it
-By Chiara Vasarri and Giada Zampano; Dow Jones Newswires; +39 06 697 66920; chiara.vasarri@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
September 29, 2009 03:45 ET (07:45 GMT)
Copyright 2009 Dow Jones & Company, Inc.
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