Forex Technical Analysis
Fundamental Analysis
EUR
"You cannot say that exports are a real growth driver at the moment. To see a more sustainable recovery of the euro zone, we’ll have to wait for the second half of this year."
- Carsten Brzeski, Senior Economist at ING
The Euro bloc’s trade surplus unexpectedly narrowed in April amid decline in exports for the first time in four months, according to the latest data from the European statistics bureau Eurostat. The seasonally adjusted trade surplus reached 14.9 billion euros (19.9 billion U.S. dollars) compared to 22.9 billion euros in March, marking a 30% decline on a monthly basis.
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Technical Analysis
EUR/USD
"The euro is no longer under existential threat, financial stability has been restored, deficits have ...
- Forex Technical Analysis : 05/18/2013 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
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EUR/USD Technical Analysis
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EUR/JPY Technical Analysis
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USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
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Crude Oil Technical Analysis
Fundamental Analysis
EUR
"If the growth data disappoints in the latter half of this year then that could be very important for determining market sentiment towards the Eurozone."
- Thanos Vamvikidis, head of European G10 forex strategy at Bank of America Merrill Lynch
Prices of electricity, fruit and vegetables helped to boost consumer prices in the Eurozone off its three-year low last month, suggesting some stabilization in the struggling to grow region.
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Technical Analysis
EUR/USD
"There’s a lot to be said about euro being a default asset at the moment if we’re worried about a slower Asia and if it’s not clear to us whether the Fed is going to be tapering sooner or later."
- Westpac Banking Corp. (based on Bloomberg)
Pair started the ...
- Forex Technical Analysis : 06/17/2013 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
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
Title:
All Eyes on FOMC
The Week Ahead
Highlights
FX return analysis
Fundamental wrap: Europe and the UK
Central banks change tack on emerging markets
All eyes on FOMC
Will JPY strength persist?
FX returns analysis
Moves in the developed FX markets were wild last week and we saw a big spike in volatility.
As you can see above, it was a rough week for the dollar falling against all of the major currencies. The biggest moves were against the JPY, AUD and NZD. As the dollar selloff gathered pace last week these currencies may have benefitted the most because they had come under the most selling pressure in recent months. After such large moves, the dollar is starting to look oversold, so a recovery could be due as we start a new week.
On a monthly basis, the trends that we have become used to in the FX world ...
Fundamental Analysis
USD
"The downside risk from sequestration is proving much smaller than some had feared"
- Mike Englund, chief economist at Action Economics LLC
The closely-watched labour market is showing signs of stabilization as the number of Americans who applied last week for the jobless benefits fell, suggesting companies are refraining firing stuff even despite deceleration in the economy and recent budget cuts and tax hikes.
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Technical Analysis
EUR/USD
"The market got ahead of itself in early June, looking for ECB interest rate cuts and U.S. Fed tapering. This continues to be supportive for the euro-dollar..."
- Chapdelaine FX (based on Bloomberg)
EUR/USD carries on with its recovery from the April low at 1.2745. At the moment ...
- Forex Technical Analysis : 06/13/2013 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
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
Fundamental Analysis
EUR
"While April industrial production data are relatively encouraging, the euro zone manufacturing sector is not yet out of the woods."
- Howard Archer, chief European economist at IHS Global Insight
Industrial output in the 17-nation economy increased more than expected in April, led by France, adding to signs the region’s economy is beginning to emerge from a record-long recession, the European Union’s statistics office said Wednesday.
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Technical Analysis
EUR/USD
"It lifts hopes that the sector will expand significantly in the second quarter and help the euro zone dodge a seventh successive quarter of GDP contraction."
- IHS Global Insight (based on Bloomberg)
Pair managed to breach key, Fibo 61,8% (February to ...
- Forex Technical Analysis : 05/13/2013 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
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
Fundamental Analysis
EUR
"I can guarantee that we won't simply inflate our way out of debt."
- ECB President Mario Draghi
Mario Draghi’s pledge to do “whatever it takes” to save the single currency is being challenged by German constitutional court. German most powerful central bankers will scrutinize the legality of the ECB’s instrument to stabilize the battered shared currency.
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Technical Analysis
EUR/USD
"A gain in short-term rates is cause for euro buying. The rising rates show expectations of a future rate cut by the ECB have receded."
- Sumitomo Mitsui Banking Corp. (based on Bloomberg)
1.334/35 area is continuing to put significant pressure on the pair despite the fact that technical indicators, on aggregate, give a positive ...