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Continues To Move BetweenTitle:
Technical analysis of the EUR/GBP pair on April 16th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move around 0.8250 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 0.83 is resistance.
The breakout of 0.82 will give a new sell signal and open the way towards 0.8150.
In case of return above 0.83, we will be neutral between this level and 0.8350.
The breakout of 0.8350 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 13th, 2012
EUR/GBP Analysis
Title:
Can the ECB Save the Day?
The Week Ahead
Highlights
Can the ECB save the day?
Fed speak provides more transparency but not clarity
Bank of Japan easing pressure mounts
A very mixed UK recovery
Bank of Canada to hold
RBA minutes to provide more insight
Norges Bank's battle with the Nokkie
Market Moves
Can the ECB save the day?
At the end of last week market sentiment towards the Eurozone took a turn for the worse. Stocks closed down sharply and Spanish 10-year bond yields surged to 6% at one stage. The cost to insure Spanish debt against default reached a record high; while bond yields are a mere 70 basis points away from the euro-era record highs reached in November 2011.
Problems have been simmering in Spain for some time, and there was no new news that triggered the sharp dip ...
Title:
Dukascopy Afternnon Forex Overview : 13/04/2012
Fundamental Analysis
EUR
Italy's borrowing costs increased during last bond sale, escalating worries about Italy's ability to repay its obligations. Three-year bonds faced a rise in the interest rate from 2.76% to 3.89%. Adding to concerns over the Euro Zone's economic state, Greek unemployment rate surged to 21.8% in January as compared to 14.8% in January 2011.
USD
US March CPI increased by 0.3% thus outpacing the 0.2% investor consensus forecast. Core CPI was in line with the expectations at 0.2% last month, Bureau of Labor Statistics reported today.
GBP
FTSE 100 index traded lower on Friday as lower than expected China's GDP growth weighed on investor sentiment. Additionally Spanish shares tumbled as country's bond yields climbed. Sage Group lost 2.2% after Jefferies cut the stock' ...
Title:
Technical analysis of the XAU/USD (Gold) pair on April 13th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday the breakout of 1660 points after a pullback on 1650.
The pair is currently testing 1680 points as resistance.
On its last bullish movement, the pair has validated an exit of its short term bearish channel (purple lines) and continues to move above the lower band of its long term bullish channel.
All indicators are now bullish.
We stay neutral between 1660 and 1680 points.
We advise to wait an exit of this range to take position:
- Long above 1680 points. The breakout of 1700 points will give a new buy signal
- Short below 1660 points. The breakout of 1640 points will give a new sell signal.
See the previous analysis of the XAU/USD pair of April 12th, 2012
XAU/USD Analysis
Title:
Dukascopy Morning Forex Overview : 13/04/2012
Fundamental Analysis
EUR
"The outlook for the industrial sector is bleak"
- Martin van Vliet, an economist at ING Group
Euro-area industrial production unexpectedly rose in February, even as the region’s economy continued to slide into a recession. Production increased 0.5 per cent from January, said the European Union’s statistics office in Luxembourg on Thursday.
USD
"Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
The number of Americans claiming for unemployment benefits rose to 380 thousand in the week ended April 7 from the week before, said the Department of Labor on Thursday.
GBP
"Concern persists that U.K. exports will be limited in the near ...
Title:
Technical analysis of the EUR/GBP pair on April 13th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move around 0.8250 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 0.83 is resistance.
The breakout of 0.82 will give a new sell signal and open the way towards 0.8150.
In case of return above 0.83, we will be neutral between this level and 0.8350.
The breakout of 0.8350 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 12th, 2012
EUR/GBP Analysis
Title:
Dukascopy Afternnon Forex Overview : 12/04/2012
Fundamental Analysis
EUR
Germany's bond yield advanced after the country did not manage to meet maximum sales target. The average yield on the new benchmark 10-year bunds rose by six basis points, advancing to 1.71%. At the same time yields on two-year notes added four basis points approaching 0.13%.
USD
Natural gas futures fell below its key support level of 2.00 US Dollars per BTU, approaching 10-year low late on Wednesday as traders continued to sell off the fuel. Natural gas for May delivery traded at 1.98 US Dollars per BTU on the New York Mercantile Exchange, sinking by 2.39% in late US trade.
GBP
FTSE 100 index fluctuated between gains and losses on Thursday as government reported UK's trade deficit widened more than expected in February. Royal Dutch Shell tumbled 5% on news an ...
Title:
Dukascopy Morning Forex Overview : 12/04/2012
Fundamental Analysis
EUR
"The ECB should be preparing itself" for "the return of significant financial market tensions"
- Silvio Peruzzo, an economist at Royal Bank of Scotland Group Plc
Spanish "market conditions are not justified," said ECB Executive Board member Benoit Coeure on Wednesday. "Will the ECB intervene? We have an instrument, the securities markets program, which hasn’t been used recently but it still exists."
USD
"Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. import prices increased more than expected in March, 1.3 per cent, reflecting higher fuel costs, the Labor Department said Wednesday.
GBP
"The unusually warm weather in ...
Title:
Technical analysis of the XAU/USD (Gold) pair on April 12th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD is currently moving around the resistance at 1660 points.
The pair XAU/USD is still moving into a bearish channel (purple lines) and continues to move on the lower band of its long term bullish channel.
Indicators are globaly bullish.
We continue to advise short positions as far as 1660 points is resistance.
A return below 1650 points will comfort our bearish feeling.
The breakout of 1620 points will give a new sell signal and open the way towards 1600 points.
In case of return above 1660 points, we will be neutral between this level and 1680 points.
The breakout of 1680 points will give a buy signal.
See the previous analysis of the XAU/USD pair of April 11th, 2012
XAU/USD Analysis
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