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Currently Testing The SupportTitle:
Higher yielders maintain gains
As markets haven’t witnessed major data today; higher yielding currencies maintain gains where the economic calendar is kind of free, thus the optimism about Greece putting an end to its story within the coming hours continues to support markets.
The euro is trading within a relatively tight range since morning just above the key breached resistance level at 1.3235, this level is a neckline for an inverted head and shoulders pattern, maintaining stability above this level hints further gains ...
Title:
EUR trading firm as markets are more optimistic about Greece
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going ...
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Technical analysis of the XAU/USD (Gold) pair on February 8th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD took up its bullish movement yesterday and is currently testing the resistance at 1.750 points.
The pair XAU/USD continues to move on the upper band of its long term bullish channel (long term analysis).
All indicators are bullish.
We continue to advise long positions as far as 1720 points is support.
The breakout of 1750 and 1800 points will both give a new buy signal.
In case of return below 1720 points, we will wait the breakout of ...
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Technical analysis of the EUR/JPY pair on February 8th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday a return above 101, offering a buy signal and is currently testing the next resistance at 102.
The pair is still moving above its long term bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 101 is support.
The breakout of 102 will give a new buy signal and open the way towards 103.
In case of return below 101, we will wait the breakout of 100 to advise short ...
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Technical analysis of the GBP/JPY pair on February 8th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued its bullish movement and the breakout of 121.85 gave us a new buy signal.
Currently, the pair is testing the next resistance at 122.50.
The pair is still moving above its bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 121.50 is support.
The breakout of 122.50 will give a new buy signal and open the way towards 123 and 124.
In case of return below 121.50, we will wait the ...
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Technical analysis of the USD/CAD pair on February 8th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is currently testing the support at 0.9950 and is also testing the upper band of its bearish channel (purple lines).
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We continue to advise short positions as far as 1.0039 is resistance.
The breakout of 0.9950 and 0.99 will both give a new sell signal.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The ...
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Greek government is finalizing agreement; Euro rises, Franc retreats on SNB
According to a Greek government official; the Greek government is preparing a text for an agreement that would be handled to political parties to discuss and agree upon today, this text is the result of the long-lasted talks with private lenders. After the long wait, markets are getting fresh news from Greece, the news was euro positive as the EUR/USD pair is trading higher currently around 1.3175 after its has been under pressure this morning printing a low at 1.3095 after opening the day at ...
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Windsor Brokers - Short Term Technical Analysis for Majors (09:30 GMT)
EUR/USD
Has regained some ground after yesterday’s weakness was contained at key near-term support and range floor at 1.3025. The downside remains vulnerable, as long as key barriers at 1.3200/32 cap the upside. This morning’s fresh strength probed levels above bear-trendline at 1.3160, however, sustained break here is required maintain fresh strength off 1.3025 for possible attack at 1.3200/32. Hourly studies are turning positive, with 20 day SMA at 1.3110, underpinning. On the downside, break ...
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Technical analysis of the AUD/USD parity on February 7th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has found support yesterday on 1.07 and is currently testing again the resistance at 1.08.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.0650 is support.
The breakout of 1.08 and 1.09 will both give a new buy signal.
In case of return below 1.0650, we will wait a breakout of 1.06 to advise short positions.
See the ...
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