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Days The Pair Has TradedTitle:
Dukascopy Afternoon Forex Overview : 30/12/2011
Fundamental Analysis
EUR
Greece faced a decline in the retail sales in October, according to official data. The retail sales decreased by 10.8% in October on an annual basis after declining by 6.5% in the preceding month, according to ELSTAT. The revenue generated by sales decreased by 8.1% in October as compared to 3.7% slump in September.
USD
Crude oil futures edged down during the early European trade on Friday despite supply concerns due to Iranian issue. On the New York Mercantile Exchange, crude oil futures for February delivery lost 29 cents to $99.39 a barrel. Brent oil eased down 34 cents to $107.69 a barrel, on the ICE Futures Exchange.
GBP
In a year dominated by the European debt crisis, the FTSE 100 has lost 5.5%, knocking around £85bn off the value of Britain's top ...
Title:
Dukascopy Afternoon Forex Overview : 29/12/2011
Fundamental Analysis
EUR
Germany's inflation rate decreased in December as European region's sovereign debt turmoil is hurting economic expansion. The inflation rate fell from 2.8% in November to 2.4% in current month. The reading matches economists' expectations. Euro area countries are facing severe spending cuts to reduce debt which hampers growth and as a result, the inflation, said Marina Luetje, Dekabank's economist.
USD
In US the number of people applied for unemployment benefits jumped more than expected last week. The number of residents, filing the application for jobless benefits reached 381,000, adding 15,000 on a seasonally adjusted basis. Experts predicted the figure to approach 370,000. Despite increase in claims, the figure is still below 400,000, indicating improving ...
Title:
Forex - Events in the Gulf Not Helping Calm Investors Nerves
Forex News and Events:
Risk appetite remains under pressure as headlines from the Middle East, general unease around growth and rising European peripheral yields have kept risk seekers sidelined. This renewed bout of risk aversion comes on the heels of yesterdays sizable sell off, with the S&P dropping -1.25% on the day EURUSD briefly traded through 1.2900, dragging EURJPY to 100.36 low. Gold continues to feel heavy with the precious metal trading lower to $1544.15 down nearly $50 since the start of the week (Shanghai copper is down -2.00% following yesterday's LME losses). Brent crude traded marginally higher to $107.86 as tensions increased. In response to Iran's threat to close the Strait of Hormuz, pentagon spokesman George Little said, "Interference with the transit or passage of ...
Title:
Dukascopy Morning Forex Overview : 29/12/2011
Fundamental Analysis
EUR
"This is an encouraging development, suggesting that the Italian sovereign debt market has pulled back from the dangerous situation in late November"
- Raj Badiani, a senior economist at IHS Global Insight
Italy raised 9 billion euros in an auction on Wednesday, more than expected, benefiting from lower yields as Rome’s recent austerity measures and the ECB long-term refinancing operation have helped to ease strains in the market.
USD
"December started slowly and built as it got closer to Christmas"
- Madison Riley, a retail strategist at consulting firm Kurt Salmon
U.S. retail sales rose 4.5 per cent for the week ended December 24, compared to the same period last year as shops offered discounts to lure consumers, said the International Council of Shopping ...
Title:
Dukascopy Afternoon Forex Overview : 28/12/2011
Fundamental Analysis
EUR
After substantial gains on Tuesday, German benchmark DAX index was marginally up on Wednesday. At the moment of writing DAX index is 0.07% or 4.21 points up at 5,893.97. Among main decliners were German automakers BMW AG and Volkswagen AG tumbling 1.2% and 1% respectively.
USD
Dow Jones Industrial Average traded nearly flat on Tuesday following 427 point increase previous week. Blue chip index slipped 0.02% or 2.65 points closing at 12,291.35. Dow Jones was higher most of the session but retreated shortly ahead of closing as Sears announced about closing 120 of its stores.
GBP
Brazil has outperformed the UK as it has become the sixth largest economy in the world, according to an economic research group. Brazilian economy expanded by 7.5% in 2010 and is ...
Title:
Dukascopy Morning Forex Overview : 27/12/2011
Fundamental Analysis
EUR
"We have got an informal signal from Standard & Poor's that they will come only in January"
- Anonymous government source
Standard & Poor’s is expected to release its verdict on credit ratings for 15 euro zone countries in January, after putting them on credit watch December 6 for a possible cut in the absence of decisive action from European leaders.
USD
"We’ll continue to see prices drop"
- Mark Vitner, a senior economist at Wells Fargo Securities LLC
Economists expect home prices to decline at a slower pace in forthcoming months with prices reaching a bottom in the middle of 2012. Property prices declined 3.2 per cent in October, compared to the same period last year.
GBP
"U.S. data is providing what markets have been looking for in terms of a wider ...
Title:
YouTradeFX Daily Market Analysis : 27/12/2011
Fundamental News:
Today’s highlights:
• CB Consumer Confidence (U.S, 15:00 GMT)
• Unemployment Rate (JP, 23:30 GMT)
• Retail Sales (YoY) (JP, 23:50 GMT)
Financial markets from Hong Kong to the U.K. and the U.S. were closed for holidays. Most stocks (MXAP) climbed, helping the MSCI All Country World Index gain for a fifth day, while the dollar maintained losses against higher-yielding peers amid speculation the U.S. economy will continue to recover. In Addition Reports tomorrow may show home prices in 20 U.S. cities declined at a slower pace and consumer confidence improved to a five-month high.
Chinese industrial companies’ profits growth cooled, adding to evidence the government may need to ease policy to protect the nation’s economic expansion. The National Bureau of Statistics said on ...
Title:
SunBirdFX Daily Market Analysis : 12/27/2011
www.sunbirdfx.com
The US stock market was closed yesterday and the volumes in the Forex markets are extremely low. The currency pairs are remaining unchanged and the volatility is zero. These kinds of days are dangerous than usual to the forex traders because the market gives very few opportunities for good trades and the risk is getting higher.
One of the options to avoid this higher risk is to take a few days off until the holiday ends. Meanwhile, you can practice demo or anything else that works for you. However, it is possible to find some rare opportunities but then you have to take precautions such as using smaller than usual sizes etc.
The major pairs are not making any significant change these days, so the cross pairs, which are usually more volatile, might give an opportunity ...
Title:
Dukascopy Afternoon Forex Overview : 22/12/2011
Dukascopy Fundamental Analysis
EUR
Greece's creditors are struggling against IMF pressure to accept greater losses on government bonds, said three persons familiar with matter. Lenders require government to issue new bonds worth €70 bn ($91 bn) with a coupon at around 5%. However, IMF is forcing creditors to take smaller coupon to cut Greek GDP ratio to 120% by 2020. Without write-downs Greece's debt burden will be nearly twice the amount of nation's GDP next year, said IMF spokesperson.
USD
Jobless claims unexpectedly declined previous week reaching the lowest level since April 2008 indicating that US labour market is recovering. Unemployment claims dropped by 4000 to 364 000 last week, reported Labor Department. Economists questioned by Bloomberg predicted an increase to about 380 000. ...
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