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AnalysisTitle:
Technical analysis of the USD/CAD pair on May 17th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bullish movement and the breakout of 1.01 gave us a new buy signal.
All indicators are bullish.
The pair is still moving into a bullish channel (black lines).
We continue to advise long positions as far as 1.0 is support.
The breakout of 1.0150 will give a new buy signal and will open the way towards 1.02.
In case of return below 1.0, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 16th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CHF pair on May 17th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF is testing since yesterday the resistance at 0.9450.
The opening gap is still not filled in.
All indicators are bullish.
The pair is still moving above its bullish slant (black line).
We continue to advise long positons as far as 0.9350 is support.
The breakout of 0.9450 will give a new buy signal and open the way towards 0.95.
In case of return below 0.9350, we will be neutral between this level and 0.93.
See the previous analysis of the USD/CHF pair of May 16th, 2012
USD/CHF Analysis
Title:
Technical analysis of the USD/JPY pair on May 17th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.41.
All indicators are bullish.
The pair is still moving above the upper band of its former bearish channel.
We are neutral on the pair between 80.09 and 80.41.
We advise to wait an exit of this range to take position:
- Long above 80.41. The breakout of 80.76 will give a new buy signal
- Short below 80.09. The breakout of 79.64 will give a new sell signal.
See the previous analysis of the USD/JPY pair of May 16th, 2012
USD/JPY Analysis
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Analysis: U.S. bond bulls not ready to call off the charge
They are the few, the brave, the unloved, and among big investors, their number shrinks by the month.
They are the last of the bond bulls, the investors who believe long-term U.S. government bonds will extend a historic run that has already pushed interest rates to multi-decade lows.
Recent surveys show broad disdain for Treasuries among market cognoscenti. A cross-section of star money managers and investors, including Warren Buffett, BlackRock's Larry Fink and even bond expert Dan Fuss of Loomis Sayles, have urged investors to switch to stocks, arguing yields have nowhere to go but up.
Yet the average retail investor keeps sending money to bond funds. And in the past few weeks, things have been moving in the bond bulls' favor.
Fear of a Greek exit from the euro zone and JPMorgan ...
Title:
Dukascopy Afternoon Forex Overview : 05/16/2012
Dukascopy Fundamental Analysis
EUR
Stoxx Europe 600 index have dropped for third consecutive day and reached the lowest level since the start of this year as specialists speculate that elections in Greece could take place as early as 10 of June. The index lost 0.5% of its value by noon in London and around 10% from its peak this year in mid-March.
USD
Facebook increases the share offering by 25% to 421.2M shares to collect near $16B. At the offering's price of $34-$38 per share Facebook is rushing towards the largest technology IPO in the history. Production of utilities, mines and factory's in the U.S. surpassed expected 0.6% level and increased by 1.1% in April.
GBP
The number of unemployed people for January-March decreased to 2.63 million, 45,000 down on the quarter, the Office for ...
Title:
U.K. Unexpectedly Surprises Markets with Upbeat Jobs Report
The sentiment improved today after the United Kingdom provided markets with the jobs report, where unemployment has unexpectedly dropped in the three months ending in March, raising optimism that the "balanced budget" previously provided by the Chancellor of Exchequer, George Osborne, might have a positive impact on the royal economy and the labor market as well, despite speculations joblessness will peak 8.7% this year before falling again.
Unemployment in the United Kingdom unexpectedly fell to 8.2% from the previous of 8.3%, beating estimates of 8.4%, the thing that raised positivity in the market, supporting the sterling pound to erase most of the losses incurred earlier today; however, the sentiment is still mixed after Greeks found no common grounds regarding the creation of the ...
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Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
The single currency spirals lower after yesterday’s break below 1.2800 handle and longer-term bull trendline at 1.2770 and today’s loss of the last obstacle at 1.2700, towards 1.2622, January’s yearly low. Negative sentiment keeps the pair under heavy pressure and despite short-term studies being at their extreme levels, the price action continues to increase the pace of descending. Break below 1.2622 to open 1.2586 Aug 2010 low next, with 1.2000/zone expected to come in short-term focus. Initial resistance lies at 1.2720, with more significant barriers at 1.2800/15 and 1.2868.
Res: 1.2700, 1.2720, 1.2800, 1.2815
Sup: 1.2622, 1.2586, 1.2550, 1.2500
GBP/USD
The pair accelerated losses after losing key supports at 1.6050 and 1.6000, with break below 55 day MA at 1.5959, looking ...
Title:
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 ...
Title:
YouTradeFX Weekly Market Analysis : 05/16/2012
Fundamental News
Today’s highlights:
Claimant Count Change (GB, 09:30 GMT)
Core CPI (YoY) (EUR, 10:00 GMT)
German 10-Year Bund Auction (GER, 10:30 GMT)
BoE Gov King Speaks + BoE Inflation Report (GB, 10:30 GMT)
Manufacturing Sales (MoM) + Building Permits + Housing Starts (U.S., 13:30 GMT)
Industrial Production (MoM) (U.S., 14:15 GMT)
ECB President Draghi Speaks (EUR, 15:00 GMT)
FOMC Meeting Minutes (U.S., 19:00 GMT)
The Department of Labor revealed that consumer prices in U.S were flat in April compared to the previous month. While the Commerce Department said that U.S retail sales edged up by 0.1 percent in April following a revised 0.7 percent increase in March and the business inventories rose by 0.3 percent in March following a 0.6 percent increase ...
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