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Eur/chfTitle:
Dukascopy Morning Forex Overview : 24/04/2012
Fundamental Analysis
EUR
"Today's dismal PMI figures clearly indicate that the euro zone economy remains in dire straits"
- Martin Van Vliet, senior economist at ING
The euro zone’s manufacturing contracted in April, a sign the economy is far from out of the woods. The purchasing managers index declined to 47.9 from 49.2 in March, Markit data showed on Monday. Reading below 50.0 indicates industry contraction.
USD
"There’s more work to be done in Europe"
- Mark Bronzo, a fund manager at Guggenheim Investments
U.S. stocks declined after data showed that manufacturing contracted in the euro zone.
GBP
"Political developments in Europe are weighing on indices"
- Rupert Osborne, a futures dealer at IG Index
U.K. stocks declined sharply on Monday after manufacturing in the single currency ...
Title:
Yen lifted by risk aversion over european political turmoil
Forex Morning Briefing : Yen lifted by risk aversion over european political turmoil
What’s new:
Forex: Yen boosted by uncertainty from European elections; Aussie hurt by CPI data
Global Markets: Asian shares slip on political turmoil in euro zone
Australia: Consumer prices fall in first quarter, Aussie falls to 2-week low
Euro zone: Dutch government collapses over budget cuts disagreements
Rates in Asia and Indices:
EUR/USD 1.3145 - 1.3174 0.12 %
USD/CHF 0.9121 - 0.9143 0.12 %
GBP/USD 1.611 - 1.6134 -0.04 %
USD/JPY 80.86 - 81.20 0.20 %
EUR/CHF 1.2015 - 1.2020 0.01 %
EUR/JPY 106.32 - 106.82 0.08 %
Dow Jones 12845.58 - 13028.2 -0.78 %
Nasdaq 2629.7 - 2657.36 -0.84 %
S&P 500 1358.79 - 1378.53 -0.84 %
Nikkei 225 9423.3 - 9510.7 -0.89 %
Shanghai ...
Title:
Technical analysis of the EUR/CHF pair on April 24th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues to move below the minor resistance at 1.2030 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of April 23th, 2012
EUR/CHF Analysis
Title:
Forex Technical Analysis : 04/24/2012
- Forex Technical Analysis : 04/24/2012 -
(Timeframes: 30 minutes)
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Title:
Dukascopy Afternoon Forex Overview : 23/04/2012
Dukascopy Fundamental Analysis
EUR
Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times.
USD
Stock index futures indicated a lower opening on today’s USA session on the EU concerns. Additionally, news from Wal-mart on a possible bribery case had negative influence on stock indices.
GBP
According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently overgoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, ...
Title:
Dukascopy Morning Forex Overview : 23/04/2012
Fundamental Analysis
EUR
"Ifo index paints a too positive picture of the growth prospects for the German economy"
- Carsten Brzeski, senior economist at ING Group
German business confidence unexpectedly improved in April, a sign the euro zone’s largest economy is weathering Europe’s debt crisis. Ifo business climate index, which is based on a survey of 7,000 businesses, rose to 109.9 points from 109.8 points in March.
USD
"A strong Germany helps the euro massively, and helps other assets too"
- Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank Ltd.
U.S. stocks closed mixed on Friday while German investor confidence unexpectedly improved and blue chip companies from General Electrics to Microsoft reported better than expected earnings.
GBP
"While the month of March ...
Title:
Politics and monetary policy dominate the scene
Forex Morning Briefing : Politics and monetary policy dominate the scene
What’s new:
Asia: JPY on the bid after French elections. AUD lower on weak PPI.
United States: Mixed equity session and lower USD on Friday.
EZ: Focus on French elections and political situation in the Netherlands.
Rates in Asia and Indices:
EUR/USD 1.3174 1.321 -0.30 %
USD/CHF 0.9096 0.9123 -0.32 %
GBP/USD 1.6103 1.6135 -0.09 %
USD/JPY 81.24 81.67 0.33 %
EUR/CHF 1.1994 1.2020 -0.02 %
EUR/JPY 107.04 107.81 0.67 %
Dow Jones 12964.25 13082.54 0.50 %
Nasdaq 2674.66 2712.01 -0.40 %
S&P 500 1376.96 1387.4 0.11 %
Nikkei 225 9520.98 9643.27 -0.20 %
Shanghai 2383.068 2411.51 -0.65 %
Gold 1640.05 1643.38 -0.08 %
...
Title:
EUR Stages Broad Recovery
The euro received a boost following the most recent German Ifo Business Climate figure to close out last week's trading session. The better than expected news resulted in the EUR/USD shooting up close to 100 pips to finish out the day at 1.3219. Turning to this week, traders can expect market volatility as the US is scheduled to release a batch of potentially significant indicators, including Tuesday's CB Consumer Confidence figure and Wednesday's FOMC Economic Projections. Today, traders will want to pay attention to the German Flash Services and Flash Manufacturing PMI's. Better than expected results could help the euro extend its current trend.
Economic News
USD - Dollar Drops vs. Main Currency Rivals
The dollar reported losses against virtually all of its main currency rivals on ...
Title:
Forex Technical Analysis : 04/23/2012
- Forex Technical Analysis : 04/23/2012 -
(Timeframes: 30 minutes)
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EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
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