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Days The Pair Has TradedTitle:
Dukascopy Morning Forex Overview : 09/03/2012
Fundamental Analysis
EUR
"Draghi may prepare the markets for the scenario that inflation won’t come down below 2 percent in 2012"
- Jens Sondergaard, chief European economist at Nomura International Plc
The European Central Bank kept rates on hold at 1.0 per cent on Thursday, pausing to assess potential inflation risks.
USD
"The downtrend in claims, even with this modest uptick this week, is being sustained"
- Eric Green, chief market economist at TD Securities Inc
The number of Americans claiming for unemployment benefits rose to 362 thousand in the week ended March 3 from the week before, said the Department of Labor on Thursday.
GBP
"A fourth year of interest rates at 0.5% looks highly probable"
- Howard Archer, an economist at IHS Global Insight
Bank of England kept rates at 0.5 ...
Title:
Dukascopy Afternnon Forex Overview : 08/03/2012
Fundamental Analysis
EUR
Greece has to agree with private bondholders on the debt swap deal until 20:00 GMT on Thursday otherwise the country will fail to fulfill its financial obligations and may leave the Euro Zone. Greece has to agree on the 53.5% reduction in the current debt with not less than 75% of the private investors. Moreover, creditors were asked to lower the interest rate to enable the country to extend repaying period. On Wednesday about 40% of the Greek debt holders opted for the deal, reported the Ministry of Finance.
USD
US markets recovered on Wednesday trade after data showed the number of payrolls climbed and investors anticipated news about possible new type of Fed's quantitative easing. S&P 500 index gained 0.69% or 9.27 points and finished at 1,352.63 with ...
Title:
Dukascopy Morning Forex Overview : 08/03/2012
Fundamental Analysis
EUR
Germany's factory orders unexpectedly slipped in January as overseas demand for machinery and similar investment goods fell. Factory orders lost 2.7% compared to a 1.6% gain in December, said Economy Ministry. Economists questioned by Bloomberg earlier predicted an 0.6% increase. On yearly basis orders have dropped 4.9%. Euro erased morning gains on report.
USD
Republican Mitt Romney, ex-governor of Massachusetts won the primary presidential election in Ohio. Romney gained 38% of votes, followed by former Senator of Pennsylvania Rick Santorum with 37%, Speaker of US house Newt Gingrich with 15% and US Representative Ron Paul with 9% support.
GBP
After a rapid drop of 1.9% in previous session, British FTSE 100 index retreated and climbed 0.5% on Wednesday as ...
Title:
Dukascopy Afternnon Forex Overview : 07/03/2012
Fundamental Analysis
EUR
Germany's factory orders unexpectedly slipped in January as overseas demand for machinery and similar investment goods fell. Factory orders lost 2.7% compared to a 1.6% gain in December, said Economy Ministry. Economists questioned by Bloomberg earlier predicted an 0.6% increase. On yearly basis orders have dropped 4.9%. Euro erased morning gains on report.
USD
Republican Mitt Romney, ex-governor of Massachusetts won the primary presidential election in Ohio. Romney gained 38% of votes, followed by former Senator of Pennsylvania Rick Santorum with 37%, Speaker of US house Newt Gingrich with 15% and US Representative Ron Paul with 9% support.
GBP
After a rapid drop of 1.9% in previous session, British FTSE 100 index retreated and climbed 0.5% on Wednesday as ...
Title:
Dukascopy Morning Forex Overview : 06/03/2012
Fundamental Analysis
EUR
"At this stage, our best estimate is that the region's GDP will have contracted by 0.1 percent in the first three months of the year"
- Chris Williamson, chief economist at survey compiler Markit
The euro zone retail sector expanded in January, compared to the previous month. Retail sales rose 0.3 per cent, after declining 0.5 per cent in December, announced the European statistical agency (Eurostat) on Monday.
USD
"The momentum that we’ve been generating in the economy is starting to broaden"
- Robert Dye, chief economist at Comerica Inc.
U.S. service sector expanded in February at a fastest pace in a year. The purchasing managers' index (PMI) advanced to 57.3 from 56.8 in January, said the Institute for Supply Management on Monday. Reading above 50.0 ...
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Dukascopy Morning Forex Overview : 05/03/2012
Fundamental Analysis
EUR
"It helps prevent a repetition of the sovereign debt crisis"
- Herman Van Rompuy, President of the European Council
All but two of the European Union leaders Friday signed a treaty to adopt strict new rules on national deficits and debts. Only Britain and the Czech Republic did not sign the agreement.
USD
"There’s a lot of room to go in the stock market"
- John Carey, a Boston-based money manager at Pioneer Investments
The Standard & Poor's 500 lost 0.32%, or 4.46 points, to 1,369.63. The Dow Jones Industrial Average slid 0.02%, by 2.73 points, to 12,977.57. The Nasdaq Composite Index dipped by 0.43%, or 12.78 points, to 2,976.19.
GBP
"The improved performance of the construction sector adds to other positive data released on the UK economy"
- Sarah Bingham, ...
Title:
Dukascopy Afternoon Forex Overview : 02/03/2012
Dukascopy Fundamental Analysis
EUR
According to State data the number of unemployed in Spain increased to 4.7% million in February or by 112,269 from January. On yearly basis the unemployment level has surged by 412,835. With current monthly jobless rate of 23.3% Spain is maintaining the unemployment record high among 27 EU member countries.
USD
Dow Jones Industrial Average has lost 0.04% since opening, driven down by Travelers Cos Inc. with -1.35% and Coca Cola Co with -0.78%. Exxon and Chevron, major oil companies are losing 0.85% and 0.55% respectively on Saudi oil pipe speculation.
GBP
Barclays revealed that it borrowed EUR 8.2B from the ECB through central bank’s LTRO. Thus, Barclays has become the third bank after HSBC and Lloyds that had accepted the low-interest loan ...
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ECB Move Continues to Weigh on Euro
The euro took further losses against its main currency rivals in trading yesterday, as pessimism in the euro-zone economic recovery caused investors to revert their funds back to the US dollar. The EUR/USD fell as low as 1.3281, while against the GBP, the common currency dropped close to 50 pips. Turning to today, traders will want to continue monitoring any announcements out of the euro-zone for clues regarding risk appetite in the marketplace. Negative news could continue to weigh down on the euro.
Economic News
USD - USD Extends Bullish Trend amid Positive US News
The US dollar largely maintained its bullish trend throughout yesterday's trading session, as signs of an improving US economy sent investors to the greenback. A positive US Unemployment Claims figure, along with recent ...
Title:
Dukascopy Morning Forex Overview : 01/03/2012
Fundamental Analysis
EUR
"It is giving us an insurance policy against having any liquidity shock"
- Andrea Beltratti, chairman at Intesa Sanpaolo SpA
The European Central Bank Wednesday allotted 529.5 billion euros in cheap three-year loans to 800 lenders in effort to boost the euro-area economy.
USD
"This shows a steady improvement despite all the volatility in stock prices we had last year and shows that we are nowhere near lapsing back to recession"
- Tim Ghriskey, chief investment officer at Solaris Group
The U.S. economy expanded at a faster pace than expected, adding to signs the recovery is gaining steam. Gross domestic product grew three per cent in the fourth quarter, announced the Bureau of Economic Analysis on Wednesday.
GBP
"Despite the recent pick up, housing market ...
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