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Eur/chfTitle:
Dukascopy Afternoon Forex Overview : 26/04/2012
Fundamental Analysis
EUR
Deutsche Bank, the German biggest lender posted a 33% drop in its first quarter profit, citing debt crisis as a negative force that curbed trading. Net income declined to EUR 1.38 billion (USD 1.82 billion) compared to EUR 2.06 billion in the same period last year. Economists questioned by Bloomberg expected the profit to decrease less to EUR 1.56 billion. Deutsche Bank shares have added 16% this year.
USD
Crude oil fluctuated close to a one-week record high as Fed claimed they expect the economic growth to advance, encouraging the speculation that fuel demand will increase. Moreover Iran announced it may stop its nuclear expansion. June crude traded at USD 104.07 a barrel after climbing USD 0.57 yesterday. Brent oil to be delivered in June traded at USD 119 a ...
Title:
Dukascopy Morning Forex Overview : 26/04/2012
Fundamental Analysis
EUR
"There’s a bit of risk back on after some positive company numbers helped stocks and improved the tone of the markets"
- Eric Wand, a fixed-income strategist at Lloyds Banking Group Plc
Demand for Spanish and Italian debt rose, pushing Spanish and Italian bonds higher, as investors turned to higher-yielding assets after companies from Apple to Swedbank reported better than forecast earnings.
USD
"The committee expects economic growth to remain moderate over coming quarters and then to pick up gradually"
- Federal Open Market Committee
U.S. durable goods orders tumbled below forecast in March, a sign the manufacturing sector may be losing momentum. Bookings for long lasting goods dropped 4.2 percent, said the Commerce Department on Wednesday.
GBP
" could be ...
Title:
US outlook improves; Bernanke remains cautious
Forex Morning Briefing : Key event risk ahead of FOMC
What’s new:
Asia: US equities end in positive, Asia mixed so far
United States: FOMC rates on hold; outlook improves
FED: Bernanke opts to remain cautious in his interpretation
New Zealand: RBNZ on hold takes a more dovish stance
Rates in Asia and Indices:
EUR/USD 1.3217 1.3238 0.12 %
USD/CHF 0.9076 0.9093 0.14 %
GBP/USD 1.6159 1.6195 0.16 %
USD/JPY 81.12 81.42 0.14 %
EUR/CHF 1.20149 1.2019 0.00 %
EUR/JPY 107.27 107.66 0.02 %
Dow Jones 12993.6 13105.7 0.68 %
Nasdaq 2691.12 2710.87 2.68 %
S&P 500 1372.11 1391.37 1.36 %
Nikkei 225 9531.03 9630.97 0.00 %
Shanghai 2393.265 2414.753 -0.14 %
Gold spot 1642 1649.93 0. ...
Title:
Forex Technical Analysis : 04/26/2012
- Forex Technical Analysis : 04/26/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the EUR/CHF pair on April 26th, 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 25th, 2012
EUR/CHF Analysis
Title:
Dukascopy Morning Forex Overview : 25/04/2012
Fundamental Analysis
EUR
"Equities are stronger than in the fall, as central banks have moved to support the market with liquidity and removing the structural risks to banks"
- Hans Peterson, the chief investment officer of SEB Private Bank
Industrial new orders in the euro zone declined by more than forecast in February, Eurostat data showed on Tuesday. Orders decreased by a seasonally adjusted 1.3 per cent, after declining 2.9 per cent in January.
USD
"Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic"
- Lynn Franco, director of the Conference Board Consumer Research Center
U.S. consumer confidence declined in April as consumers became slightly less optimistic on the outlook of the country’s economy, the Conference Board Inc. ...
Title:
Key event risk ahead of FOMC
Forex Morning Briefing : Key event risk ahead of FOMC
What’s new:
Asia: US equities mixed, Asia follows suite
Forex: Majors lacking direction; Cable and USD/JPY gain focus ahead of key events
Forex: Aussie recovers yesterday’s losses
Rates in Asia and Indices:
EUR/USD 1.3186 1.3207 -0.05 %
USD/CHF 0.9101 0.9114 -0.07 %
GBP/USD 1.6131 1.615 -0.04 %
USD/JPY 81.30 81.56 -0.06 %
EUR/CHF 1.2013 1.2019 -0.01 %
EUR/JPY 107.27 107.65 0 %
Dow Jones 12926.49 13050.3 0.57 %
Nasdaq 2628.96 2659.52 -0.55 %
S&P 500 1366.82 ...
Title:
Technical analysis of the EUR/CHF pair on April 25th, 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 24th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternoon Forex Overview : 24/04/2012
Dukascopy Fundamental Analysis
EUR
Dutch Premier Mark Rutte offered his minority coalition's resignation after his cabinet lost backing from Freedom Party caused by disagreements over deficit cut plans. The Freedom Party supported PM Rutte for about 18 months. Political uncertainty in the Netherlands cause boost concerns across whole Europe as the Netherlands was one of the nations than strongly favoured European Union fiscal treaty and in case of political collapse may turn to less EU-supportive policies.
USD
S&P/Case-Shiller 20-city composite index dropped to its lowest level since 2002, representing the cheapest house prices in a decade. Among 20 cities observed in the index, in 16 house prices have contracted while only three showed an increase.
GBP
Great Britain reported a bigger ...
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