Eur/chf Tested Very

Fundamental Analysis EUR European stocks returned to growth, despite services and manufacturing purchasing managers indices across Europe and German business confidence shrank more than expected. The Stoxx Europe 600 Index added 1.0 percent to 241.81. Cable & Wireless Communications Plc soared 19 percent. Sonova Holding AG gained 2.5 percent. Bayer AG declined 1.1 percent. U.S. futures and Asian stock little changed. S&P 500 futures gained 0.3 percent, MSCI Asia Pacific index added 0.1 percent. USD The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance ...

Fundamental Analysis EUR "Once we hit the 6.5 per cent mark , the alarm bells will go off loudly in Brussels and more rhetoric will be coming from the European Central Bank" - Adrian Miller, a global markets strategist at GMP The rating agency Standard & Poor’s has downgraded Spain’s credit rating by two notches to BBB-plus with a negative outlook from A, citing expectations the government finances will deteriorate. USD "While the economy continued to grow in the first quarter, the expansion remains modest in pace and subpar from a historical perspective" - Jim Baird, chief investment strategist at Plante Moran Financial Advisors The U.S. economy grew at a slower pace than forecast in the first quarter as businesses cut on investment. Gross domestic product increased at a 2.2 per cent ...

Forex Morning Briefing : Spain downgraded two notches by S&P What’s new: Asia: BoJ extends asset purchase programme, sending the JPY lower initially, but risk aversion from Spain took the currency higher. Europe: Spain’s debt downgraded to BBB+ by S&P. EUR on the offer. US: Sluggish jobless claims increased pressure for QE, but was offset by decent housing figures. Rates in Asia and Indices: EUR/USD 1.316 1.3223 -0.34 % USD/CHF 0.9086 0.913 -0.33 % GBP/USD 1.6154 1.6191 -0.12 % USD/JPY 80.49 81.45 0.17 % EUR/CHF 1.20132 1.20183 0.01 % EUR/JPY 106.28 107.48 0.53 % Dow Jones 13075.96 ...

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 % ...

Fundamental Analysis EUR "It is very hard to see how Spain can have a sustainable recovery" - Frances Hudson, global strategist at Standard Life Investments European stocks closed lower on Tuesday hit by concerns over Spain’s ability to tackle its deficit. USD "As the economy continues to strengthen, more of the pent-up demand will be released" - Don Johnson, U.S. sales chief for General Motors Co. U.S. factory orders rose for the third month in February, boosted by desire for business equipment. Bookings increased 1.3 per cent, Commerce department data showed on Tuesday. GBP "The UK economy is still facing huge challenges" - John Longworth, director general at the British Chambers of Commerce U.K. construction activity jumped to a 21-month high in March, reinforcing hopes that the ...

Dukascopy Fundamental Analysis EUR 17-nation currency advanced to one-month record high versus US Dollar on speculations EU finance ministers will support the increase of rescue funds. Euro climbed 0.4% against greenback to USD 1.3349 and was poised for third weekly gain. Common currency dropped 0.2% versus Yen to JPY 109.49. Currently EUR/USD is trading at USD 1.3356. USD China's imports from the US hit 100 billion US Dollars in 2011, reported US-China Business Council. The US exported goods and services worth 103.9 billion US Dollars to China last year, indicating a 542% increase over the 10-year period. China is the third largest importer of the US goods and services; however, the US plans to more than double its exports to China by 2014, said Barak Obama. GBP UK GfK consumer ...

Dukascopy Fundamental Analysis EUR Thousands of people in Spain are going participate in the general strike against the new reform. The reform stipulates reduction of the maximum severance payment to 33 days' remuneration from 45 days currently provided. The measure is aimed at combating with unemployment and saving billions of Euros for the country. However, labour unions claim the legislation will ease firing for the companies. USD US unemployment claims increased sharply last week to 359K despite positive sentiment on the market and analyst consensus forecast of 351K. The latest reading indicates a sharp increase of this indicator, as the previous week's reading stood at 348K. GBP The average house price in the UK declined by 1% this month while taken annualized rate home prices ...

Fundamental Analysis EUR Euro Area region faced a faster contraction in private sector activity in March, highlighting worries the area may fall back into downturn. Composite PMI dropped from 49.3 in previous month to 48.7 in March reaching three month record low. Economists questioned by Marketwatch predicted the composite PMI to climb to 49.6. Service PMI fell from 48.8 to 48.7 and manufacturing index edged down from 49.0 to 47.7. USD After a slight decline to 353K two weeks ago, US unemployment claims kept sliding to a four-year-low at 348K last week. Economists say that this reading points to a robust recovery of the US labor market and the economy in general. GBP UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales ...

Fundamental Analysis EUR "We think the ECB could bring rates as low as 0.5 percent in March" - Fabio Fois, an economist at Barclay's Capital Eurozone inflation eased more than expected in December, giving the European Central Bank more room to lower borrowing costs as the economy heads toward a recession. USD "The pace of recovery has accelerated" - Millan Mulraine, a senior U.S. strategist at TD Securities New York region’s manufacturing sector grew in January at the fastest pace since May 2011, reflecting improving sales, employment and orders. GBP "We’re going to see inflation drop very sharply over the next six months" - David Tinsley, chief U.K. economist at BNP Paribas SA U.K. year on year inflation slowed in December to its weakest pace in six months, easing pressure on ...