Aud/usd Parity On November

Fundamental Analysis EUR "Fears of a Greek exit from the euro zone and the negative consequences from that are prevailing" - Ben Kwong, KGI Asia European stocks edged lower after Fitch downgraded Greece’s credit rating to ‘CCC’, implying that the country is vulnerable and highly dependent on favourable economic conditions to fulfill its financial obligations. USD "If there were scope to do another twist of some type it would be prudent to consider it, especially in the scenario where things are worse and the Fed feels like it needs to move" - Nathan Sheets, Citigroup Inc. Fed policymakers might potentially launch another round of Operation Twist rather than a direct asset purchases in case of increased risks or further weakening of the US economy. GBP "We must work together to give ...

Release: AUS CPI q/q (1Q) Consensus Forecast: 0.8% Previous: 0.0% Release: AUS CPI y/y (1Q) Consensus Forecast: 2.2% Previous: 3.1% Date/Time: 04/23/12 9:30PM EDT (01:30 GMT, 4/24/12) CPI Data Key to RBA Rate Cuts In the upcoming Asian session we will get the release of the Australian CPI data for the first quarter. We had a prelude, the curtain opener, to that report in Monday's mornings Asian session as producer prices in Australia fell 0.3% in the first quarter, a reading that was a good deal below the forecast a 0.5% gain. With producer prices falling that should filter down into weaker consumer prices in the coming quarter and should mean that inflation pressures remain subdued. In terms of consumer prices, CPI is expected to climb 0.8% in the first quarter, the the annual pace ...

Fundamental Analysis EUR "... we doubt that the euro zone will be able to avoid further contraction" - Howard Archer, chief economist for IHS Global Insight Euro zone economy contracted less than expected in the last quarter of 2011 as France and Germany helped mitigate the recession. Gross domestic product fell 0.3 per cent, said the European Statistical Office. USD "The housing market is moving toward more sustainable growth" - Barry Rutenberg, chairman of the National Association of Home Builder U.S. industrial output stagnated in January, after rising a revised 1 per cent in December, the Ministry of Economy, Trade and Industry reported on Wednesday. GBP "The U.K. labor-market data continue to paint a bit of a mixed picture, but the key point is that unemployment is still rising" ...

Fundamental Analysis EUR "... we doubt that the euro zone will be able to avoid further contraction" - Howard Archer, chief economist for IHS Global Insight Euro zone economy contracted less than expected in the last quarter of 2011 as France and Germany helped mitigate the recession. Gross domestic product fell 0.3 per cent, said the European Statistical Office. USD "The housing market is moving toward more sustainable growth" - Barry Rutenberg, chairman of the National Association of Home Builder U.S. industrial output stagnated in January, after rising a revised 1 per cent in December, the Ministry of Economy, Trade and Industry reported on Wednesday. GBP "The U.K. labor-market data continue to paint a bit of a mixed picture, but the key point is that unemployment is still rising" ...

Dukascopy Fundamental Analysis EUR European industrial production fell in December, weighted down by a drop in Germany, fuelling concerns the region might be entering in a new recession wave. The output in Euro Zone declined 1.1% in December compared to November. Analysts predicted a decline of 1.2%. On yearly basis production diminished 2%. USD A significant drop in automobile sales caused a slide in the amount of overall retail sales in January, Commerce Department reported today. Retail sales rose less (+0.4%) than expected (+0.8%). However, sales excluding automobiles increased by 0.7%, the greatest climb since March, 2011. GBP UK consumer prices posted a 0.5% monthly drop in January, said the UK National Statistics Office on Tuesday. The annual consumer price index slowed from 4.2% ...

Commentary of the AUD/USD parity: The pair AUD/USD has continued with strenght its rebound and has validated the breakout of 1.00/1.01/1.02, offering new buy signals. The pair met resistance on 1.03 and is currently falling below 1.02. All indicators are still bullish. We maintain to trade only long positions as far as 1.01 is support. The breakout of 1.03 will give a new buy signal and open the way towards 1.04. In case of return below 1.01, we will wait the breakout of 1.0 to advise short positions. See the previous analysis of the AUD/USD parity of November 30th, 2011 AUD/USD Analysis

Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Economic News USD - Fitch Warns on US Credit Rating Yesterday Fitch warned on the US credit rating. Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable. Technically this means there is a chance of a ratings downgrade within the next two years. This puts Fitch on the same level with Moody's and one level above S&P who downgraded the US credit rating in August, igniting a storm in the financial markets. The move by S&P to lower the AAA rating of the US fueled sharp declines in equity markets and a rush to safe haven ...

Commentary of the AUD/USD parity: The pair AUD/USD just faked the breakout of the resistance at 1.0. All indicators are bullish. We maintain to trade only long positions as far as 0.99 is support. The breakout of 1.0 will give a new buy signal and open the way towards 1.01. In case of return below 0.99, we will wait the breakout of 0.98 to advise short positions. See the previous analysis of the AUD/USD parity of November 29th, 2011 AUD/USD Analysis

Commentary of the AUD/USD parity: The pair AUD/USD has validated yesterday a return above 0.99, offering a buy signal. The pair met resistance on 1.0. All indicators are bullish. We maintain to trade only long positions as far as 0.9850 is support. The breakout of 1.0 will give a new buy signal and open the way towards 1.01. In case of return below 0.9850, we will wait the breakout of 0.98 to advise short positions. See the previous analysis of the AUD/USD parity of November 28th, 2011 AUD/USD Analysis