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ForexTitle:
Technical analysis of the NZD/USD pair on May 25th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD continues to move below the resistance at 0.7550.
All indicators are bearish.
The pair is currently testing its bearish slant (purple line).
We continue to advise short positions as far as 0.7665 is resistance.
The breakout of 0.74 will give a new sell signal and open the way towards 0.73.
In case of return above 0.7665, we will be neutral between this level and 0.77.
The breakout of 0.77 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 24th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/CAD pair on May 25th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made yesterday a pullback on the support at 1.0230 and is currently testing the resistance at 1.03.
All indicators are bullish.
The pair is currently moving on the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.0150 is support.
The breakout of 1.03 will give a new buy signal and will open the way towards 1.0350.
In case of return below 1.0150, we will be neutral between this level and 1.01.
The breakout of 1.01 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 24th, 2012
USD/CAD Analysis
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Technical analysis of the USD/CHF pair on May 25th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued yesterday its bullish movement and is currently testing the resistance at 0.9550.
All indicators are bullish.
The pair got back above its bullish slant (black line).
We continue to advise long positions as far as 0.9450 is support.
The breakout of 0.9550 will give a new buy signal and open the way towards 0.96.
In case of return below 0.9450, we will again be neutral between this level and 0.9370.
See the previous analysis of the USD/CHF pair of May 24th, 2012
USD/CHF Analysis
Title:
Technical analysis of the USD/JPY pair on May 25th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY made a small correction yesterday and is currently testing the resistance at 79.65.
Indicators are globaly bullish.
The pair is currently moving below a bearish slant (black line) and is moving above a bearish slant (purple line who act as support).
We continue to advise short positions as far as 80.09 is resistance.
A return below 79.26 will comfort our bearish feeling.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 80.09, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 24th, 2012
USD/JPY Analysis
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Germany May Have No Choice But To Play Ball
Investors in Asia were not as confident as those in the US and Europe, with most equity markets in Asia trading in negative territory or flat. A lot of investors are likely choosing to stay on the sidelines with so much of their focus on the uncertainty in Europe.
Overnight, Italy’s Monti attempted to reassure the market by stating Eurobonds gained a lot of support at Wednesday’s EU summit, with the obvious exception of Germany.
Monti appears to be suggesting Germany will give in to other EU leaders. Looking at Germany’s alternatives we are inclined to agree with this assumption. The balance of power may be shifting, and Germany may have no other option than to bow to pressure from its fellow EU nations, especially when faced with the prospect of Greece leaving the Eurozone which puts ...
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Asian Market Update : 25/05/2012
Monti thinks Greece will remain in the EU; China slowdown fears return to front and center
Economic Data
(JP) JAPAN APR NATIONAL CPI Y/Y: 0.4% V 0.4%E; NATIONAL CORE CPI Y/Y: 0.2% V 0.1%E; TOKYO MAY CPI Y/Y: -0.5% V -0.3%E; TOKYO CORE CPI Y/Y: -0.8% V -0.5%E (20-month low)
(KR) SOUTH KOREA MAY CONSUMER CONFIDENCE: 105 V 104 PRIOR (15-month high)
(SG) SINGAPORE APR INDUSTRIAL PRODUCTION M/M: -3.5% V +0.6%E; Y/Y: -0.3% V +4.1%E
(TH) THAILAND APR CUSTOMS TRADE BALANCE: -$2.9B V -$2.9BE
(PH) PHILIPPINES MAR TRADE BALANCE: -$1.05B V -$562M PRIOR; TOTAL IMPORTS: $5.4B V $4.99B PRIOR
Markets Snapshot (as of 05:00GMT)
Nikkei225 +0.1%
S&P/ASX -0.4%
Kospi +0.6%
Singapore Straits Times Index -0.3%
Shanghai Composite -0.4%
Hang Seng -0.3%
June S&P Futures -0.2% at 1,320
June gold -0.3% $ ...
Title:
Japanese yen declines against majors at the end of the week
The Japanese yen fell against the dollar and major currencies today at the end of the week’s session after the CPI missed expectations and remained below the BOJ’s inflation target which raised worries especially from deflation bubble.
USD/JPY pair inclined to record a high of 79.82 after a low of 79.52, where the pair is currently trading at 79.70 after opening at 79.58.
The Euro is hovering around its lowest this week which amid continued concerns about sovereign debt crisis in Europe, especially after the failure of European leaders in talks to set out the decision.
EUR/USD pair recorded low of 1.2515 after reaching a high of 1.2552 after opening at 1.2532.
AUD/USD pair fell today to record a low of 0.9724 after a high of 0.7983 and started the session at 0.9761. The NZD/USD pair ...
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Yuan declined to the lowest in 10 weeks regarding China’s flash PMI
China’s Yuan declined to the lowest level in 10 weeks after the data signaled China’s manufacturing may decline for the seventh month in May during the uncertainty of global environment and European debt crisis.
Moreover, China’s economy released its HSBC flash manufacturing PMI for the month of May, where the actual reading dropped to 48.7 compared with a previous of 49.3. Chinese government announced yesterday that it must proactively take policies and measures to expand demand and create a favorable policy environment for stable and relatively fast economic growth.
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Japan’s inflation target remains distant as the CPI rises 0.4%
Japan’s consumer price index rose in April by 0.4%, keeping the 1% inflation target sent by the central bank distant. BoJ expects inflation to rise 0.7% for the year starting in April 2013 while the 1% target may only be achieved in two years.
The actual reading matched analysts’ expectations by 0.4% which came lower than the previous reading of 0.5%. Meanwhile the index that excludes fresh food rose 0.2% in April, matching the previous, while the index that excludes food and energy its fell to -0.3% from -0.5% previous.
The rise in energy prices may help BoJ to control inflation, as the country became nuclear free for the first time in more than four decades after nuclear plants were shutdown after last year’s earthquake.
Moreover, this week Bank of Japan decided to keep the interest ...
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