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BearishTitle:
Technical analysis of the NZD/USD pair on May 16th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.7750 and 0.77 both gave us a new sell signal.
Currently, 0.7668 seems to act as support.
This level match with the lower band of its bearish channel (purple lines).
The gap is still not filled in.
All indiactors are bullish.
We continue to advise short positions as far as 0.78 is resistance.
The breakout of 0.7668 will give a new sell signal and open the way towards 0.76.
In case of return above 0.78, we will be neutral between this level and 0.79.
See the previous analysis of the NZD/USD pair of May 15th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/JPY pair on May 16th, 2012
Commentary of the USD/JPY pair :
After the pullback on the upper band of its former bearish channel (black lines), a bullish movement occured on the pair USD/JPY who is currently testing the resistance at 80.41.
All indicators are bullish.
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 15th, 2012
USD/JPY Analysis
Title:
Pound`s focus on United Kingdom Labor Sector, Inflation Report
The focus shifts from Greece and the political tension to the United Kingdom today, where the royal economy will provide markets will data regarding the performance of the labor sector amid the current economic situation and the spending cuts adopted by the British government, which attempts to trim the huge deficit the nation handles.
The performance of the labor sector is not expected to improve in April, where the claimant count rate, which measures the number of people claiming unemployment benefits in the royal economy, could have expanded in the month to 5.0% from the previous of 4.9%, as additional five thousand Britons could have applied for benefits in the related month.
Other bearish signs will be provided by the ILO unemployment report, where the joblessness in the United ...
Title:
RTFX Daily Forex Market comments : 05/16/2012
EUR – USD
Market should not go lower than 1.2670. After this move down it should go up to 1.2825 area.
USD – CHF
Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9479 or 0.9473 if support around 0.9403 hold. After which a pullback to 0.9403 - 0.9385 zone is possible.
GBP – USD
Market should not go lower than 1.5992 - 1.5951. After this move down it should go up to 1.6054 - 1.6076 area.
USD – JPY
Current rise seems to be over near 80.26 or 80.41 for a retracement towards 80.11 - 80.00 area.
USD – CAD
It should try higher up to 1.0073 - 1.0100. Entry point 1.0045 or 1.0031. After this rise, a correction is expected.
NZD – USD
Market should not go lower than 0.7641. After this move down it should go up to 0.7766 area.
AUD ...
Title:
Oil up on positive German data
Brent crude oil edged up on Tuesday on as the euro zone narrowly avoided recession and as better-than-forecast German first-quarter GDP data raised hopes that Germany would steer the way through the European debt crisis.
The euro zone economy stagnated with zero growth, the EU's statistics office Eurostat said on Tuesday, going against expectations of a recession.
The results were more positive than forecast, boosting riskier assets, and counterbalancing Greek political woes and a strengthening dollar. However, analysts believe the downward trend will ultimately prevail.
Brent crude rose by 53 cents to $112.10 a barrel by 1454 GMT and erasing the previous session's losses, when prices slid to $110.04, the lowest intraday price since January 25.
U.S. crude fell 3 cents to $94.75 a ...
Title:
Dukascopy Afternoon Forex Overview : 05/15/2012
Dukascopy Fundamental Analysis
EUR
Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone.
USD
Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.
GBP
Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead.
CHF
Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone.
...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Extension below 1.2900 support that was lost yesterday, posted fresh 5-month low at 1.2813, overnight, just ahead of figure support at 1.2800. Negative structure sees potential for further weakness, with yearly low at 1.2622 now coming in focus. Any bounce higher, as hourly studies are in oversold territory, is for now seen as corrective, with strong barrier at 1.2900, previous low / 20 day EMA, while only lift above 1.2955/80 would delay bears.
Res: 1.2860, 1.2880, 1.2900, 1.2955
Sup: 1.2813, 1.2800, 1.2762, 1.2700
GBP/USD
Maintains near-term corrective tone off 1.6050, yesterday’s low, with brief break above 1.6100 handle and 1.6080 zone holding the downside for now. Clearance of 1.6130 zone, yesterday’s high / 55 day EMA / Fib 61.8% of 1.6181/1.6050 downleg is required to ...
Title:
Weak Outlook for Australia
Forex News and Events:
The S&P GSCI Index reversed its 2011 gains in the last six consecutive trading sessions. As a matter of fact, the index tracking 24 commodities broke down 7.6% from a high of 684.15 on April 30th to a more than four-month low low of 634.25 during yesterday’s trade session. This downturn in commodity prices can be explained on the one hand by headlines from the Euro area, as markets seem to be pricing in a second round of elections in Greece as well as a probable EU exit. On the other hand, the marked slowdown of commodity-intensive economies such as China -see Newsletter May 14- pushed prices lower in light of atrophied demand and lower infrastructure investments. From the foreign exchange perspective, the Australian dollar having experienced a 34% appreciation ...
Title:
SunBirdFX Daily Market Analysis : 05/15/2012
www.sunbirdfx.com
The bearish momentum from last week continued to the first day of the trading week in Wall Street, as the indices shed 1.0%, NASDQ is close to break-down the recent low from the beginning of April, as Dow and S&P already did. The break-down of the previous week's low might indicate for an incoming bearish session of 5% down, but the investors might take this opportunity for shopping, so we might see the bullish reversal soon.
USD/CAD
The investors will focus on the retails sales in the US and the CPI, which expected to remain unchanged. However, as we keep mentioning, the movement of the stocks rather the fundamental data mainly influences the USD these days. Therefore, and since the stocks keep weakening, the USD is strengthening against the major currencies, ...
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