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Advantage Against The YenTitle:
SunBirdFX Daily Market Analysis : 05/16/2012
www.sunbirdfx.com
Another day of uncertainty went through Wall Street, as the investors were disappointed by the core retail sales, but encouraged by the Empire State Manufacturing Index. Today they will focus on the FOMC meeting minutes and building permits, as bad news might cause sharper declines. We keep seeing bullish reversals during the trading session, which means that there are buyers who want to take advantage of the recent declines, which might cause a bullish reversal eventually. However, it seems that a break-down of the current week's low will make everybody believe that a downtrend movement has begun.
USD/JPY
The USD reached the support at 79.50 against the JPY, which was a former break-up area. The Yen has failed to break-down this support for several days and ...
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Stocks, euro slip after weak data
(Reuters) - Global stocks and the euro fell on Wednesday after data showed U.S. companies hired the fewest people in seven months in April and the euro zone's factory sector slipped further.
The reports came a day after an index of U.S. factory activity posted its strongest growth rate in 10 months and sent the Dow Jones industrial average to its highest close in four years.
The S&P 500 and the Dow declined as investors turned cautious ahead of Friday's U.S. nonfarm payrolls report for April, while government debt prices advanced on safe-haven demand.
U.S. companies added only 119,000 jobs last month, well short of expectations of 177,000, a worrisome sign of a labor market that has struggled to gain traction.
"If fewer and fewer people are participating in this recovery it suggests ...
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Euro falls for third day, pressured by Europe data
(Reuters) - The euro fell for a third straight session against the dollar on Wednesday after soft European data fueled fears about a deep and broader slowdown in the region ahead of key elections in France and Greece.
The euro, however, briefly trimmed losses after a report showed the U.S. economy created fewer private-sector jobs than expected last month. It also came off its lows after speculation the European Central Bank could provide euro-zone banks with more liquidity in another long-term refinancing operation.
Wednesday's weaker euro zone data, not just in indebted smaller regional economies but in core nations too, raised speculation over possible policy signals at Thursday's ECB monetary policy meeting.
Italy's manufacturing sector shrank more than expected, with new orders ...
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Euro falls for 3rd day, hurt by Europe data
(Reuters) - The euro fell for a third straight session against the dollar on Wednesday after soft European data rekindled fears about a deep and broader slowdown in the region ahead of key elections in France and Greece.
The euro, however, briefly trimmed losses after a report showed the U.S. economy created fewer private-sector jobs than expected last month. It also came off its lows after speculation the European Central Bank could infuse euro-zone banks with more liquidity in another long-term refinancing operation.
Wednesday's weaker euro zone data, not just in indebted smaller regional economies but in core nations, too, raised speculation over possible policy signals at Thursday's ECB monetary policy meeting.
Italy's manufacturing sector shrank far more than expected, with new ...
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SunBirdFX Daily Market Analysis : 04/20/2012
www.sunbirdfx.com
The US stock markets closed a second day in the red territory and the S&P 500 is close again to the important support at 1370 points, and if it makes a successful break-down this time, the declines might get much more intensive. The indices looked bullish on first half-hour of the trading day buy disappointing economic data pulled the stock to the red zone. Unemployment claims were 386K, against expectations of 370K; existing home sales were 4.48M, whereas analysts expected 4.62M. The investors will focus on the G20 that started yesterday and will continue during the weekend.
USD/CHF
This pair has not made any significant change in the recent weeks, and in fact, it has been moving in a narrow range since the intervention of the Swiss central bank on September 2011. Yet, ...
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Fed minutes drive stocks, gold down
(Reuters) - World stocks fell and gold prices dropped 2 percent on Tuesday as minutes from the latest U.S. central bank meeting showed policymakers may be less willing to launch further economic stimulus.
The dollar rose 1 percent against the yen, while safe-haven bonds slid.
Federal Reserve policymakers, in their March meeting minutes, noted recent signs of slightly stronger growth but remained cautious about a broad pick-up in U.S. economic activity.
Still, the minutes suggested the appetite for another dose of stimulus via quantitative easing, so-called QE3, has eased.
The MSCI world equity index .MIWD00000PUS dropped 0.4 percent, while the benchmark S&P 500 had its worst day in a week.
"There have been signs of strength in manufacturing and employment. That has the Fed taking a ...
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Dukascopy Afternnon Forex Overview : 02/04/2012
Fundamental Analysis
EUR
17-country FMs voted in favour of a firewall package adding EUR 500 billion (USD 667 billion) fresh rescue cash to EUR 300 billion already provided to bailout programs. The overall firewall size now totals USD 1 trillion plus about EUR 1 trillion ECB aid to the region's lenders. Europe has met the requirements and now awaits talks with IMF on April 20 to get more support, French FM Francois Baroin said over the weekend.
USD
US car sales are likely to have remained strong last month, say auto producers. The sales are likely to have climbed at the fastest pace in the last four years in the March quarter amid improved outlook on the US economy. Strong US sales are likely to have offset weak demand from the Euro Zone, the auto makers added.
GBP
UK home prices ...
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Euro down vs yen, dollar, as recession fears weigh
(Reuters) - The euro slid against the dollar and yen on Thursday after a fall in manufacturing in the euro zone's two largest economies and in China rekindled worries about global growth.
Manufacturing in the euro zone unexpectedly fell in March, hit by a sharp fall in French and German factory activity, according to purchasing managers' surveys.
In addition, PMI data from China showed factory activity there shrank in March for a fifth straight month, underscoring worries about risks to global growth and driving down risk-friendly currencies such as the Australian, Canadian, and New Zealand dollars.
The reports contrasted with U.S. data showing new applications for unemployment benefits dropped to a four-year low in the latest week.
"Today we have returned to the risk-off/risk-on ...
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Euro slammed vs yen, dollar as recession fears weigh
(Reuters) - The euro weakened against the dollar and yen on Thursday after a fall in manufacturing in the euro zone's two largest economies and in China rekindled worries about global growth.
Manufacturing in the euro zone unexpectedly fell in March, hit by a sharp fall in French and German factory activity, according to purchasing managers' surveys.
PMI data from China showed factory activity there shrank in March for a fifth straight month, underscoring worries about risks to global growth and driving down risk-friendly currencies such as the Australian, Canadian, and New Zealand dollars.
The reports contrasted with U.S. data showing unemployment benefits dropped to a four-year low in the latest week.
"Today we have returned to the risk-off/risk-on trading dynamic as a result of poor ...
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