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Technical analysis of the EUR/CHF parity on October 13th, 2010
Commentary of the EUR/CHF parity:
The parity just fake a breakout of the support at 1.33. All indicators are now bearish. We advise to trade only short positions as far as 1.34 is resistance. The breakout of 1.33 will give a new sell signal. If the price get back above 1.34, we will then advise to trade only long positions as far as 1.3350 is support.
See the previous analysis of the EUR/CHF parity of October 12th, 2010
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Technical analysis of the EUR/JPY parity on October 13th, 2010
Commentary of the EUR/JPY parity :
The parity got back above 114, after the test of 113 as support. Indicators are mixed. We advise to trade the parity according the the key level 114:
- Above 114, we advise to trade only long positions. The breakout of 115 will give a new buy signal
- Below 114, we advise to trade only short positions. THe breakout of 113 will give a new sell signal.
See the previous analysis of the EUR/JPY parity of October 12th, 2010
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Technical analysis of the EUR/USD parity on October 13th, 2010
Commentary of the EUR/USD parity :
The parity found support on 1.39 and made its return above 1.39. Indicators are now mixed. We maintain to trade only long positions as far as 1.39 is support. The breakout of 1.40 will give a new buy signal. However, if 1.38 is broken, we will then advise to trade only short positions.
See the previous analysis of the EUR/USD parity of October 12th, 2010
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Forex - In Depth Currency Analysis : 13/10/2010
USD Down Following FOMC Meeting Minutes
Wednesday, 13 Oct 2010
The U.S. dollar fell against most of its major currency rivals yesterday on news that policy makers at the last meeting of the Federal Reserve suggested they are closer to increasing money supply to revive a struggling U.S. economy. By yesterday's close, the USD fell against the EUR pushing the oft-traded currency pair to 1.3940. The dollar experienced similar behavior against the JPY and closed at 81.80.
Markets reversed course after meeting minutes from the Federal Open Market Committee showed that officials discussed several ways to aid the economy including buying additional longer-term Treasury securities. Fed policymakers also discussed how to nudge the public into expecting higher levels of inflation in the future, ...
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Dollar Falls after FOMC Meeting Minutes
The U.S. dollar fell against the EUR on Tuesday after minutes from the U.S. Federal Reserve's latest meeting confirmed that the U.S. central bank would likely soon inject the markets with cash to support the fledgling economy
Economic News
USD - USD Down Following FOMC Meeting Minutes
The U.S. dollar fell against most of its major currency rivals yesterday on news that policy makers at the last meeting of the Federal Reserve suggested they are closer to increasing money supply to revive a struggling U.S. economy. By yesterday's close, the USD fell against the EUR pushing the oft-traded currency pair to 1.3940. The dollar experienced similar behavior against the JPY and closed at 81.80.
Markets reversed course after meeting minutes from the Federal Open Market Committee showed that ...
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Technical analysis of the EUR/CHF parity on October 12th, 2010
Commentary of the EUR/CHF parity:
The parity broke the support at 1.34. Most of indicators are getting bearish. We stay neutral on the parity below 1.34. If the price get back above this level, we will advise to trade only long positions as far as 1.34 is support. The breakout of 1.35 will give a new buy signal. However, if the price continues its bearish movement, we will wait a breakout of 1.33 to advise short positions as far as 1.3350 will be resistance.
See the previous analysis of the EUR/CHF parity of October 11th, 2010
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Technical analysis of the EUR/GBP parity on October 12th, 2010
Commentary of the EUR/GBP parity:
The parity is currently testing the support at 0.87. The price is still into its bearsih channel. Most of indicators are getting bearish. We stay neutral on the parity as far as the price is below 0.8750. A return above this level will give a buy signal. We will then advise to trade only long positions as far as 0.87 is support.
See the previous analysis of the EUR/GBP parity of October 11th, 2010
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Dukascopy Morning Forex Overview: 12/10/2010
Previous session overview
The yen rose against the dollar in Asia Tuesday despite warnings of possible intervention from the Japanese government, as investors viewed any action by Tokyo as not powerful enough to change the direction of the market.
Finance Minister Yoshihiko Noda reiterated earlier in the day that the government would take "decisive steps", including intervention, if necessary to stem the yen's rise.
Meanwhile, amid speculation that Japan's stance on currency intervention may find a lack of support among other leading economies, Economy Minister Banri Kaieda said that Noda explained Tokyo's view at a weekend meeting of financial chiefs from the Group of Seven industrialized nations in Washington and "seemed to get some understanding from his counterparts."
But investors ...
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Technical analysis of the NZD/USD parity on October 11th, 2010
Commentary of the NZD/USD parity :
The parity got out of the range (0.7472 - 0.7530) from the top and so a buy signal has been given. We advise to trade only long positions as far as 0.75 is support. The breakout of 0.7550 will comfort our bullish feeling. The breakout of 0.76 (major resistance) will give a new buy signal. However, if the price get back below 0.75, we will be neutral.
See the previous analysis of the NZD/USD parity of October 8th, 2010
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