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Found Resistance On The LowerTitle:
Dukascopy Morning Forex Overview : 08/02/2012
Fundamental Analysis
EUR
"The salvation of the country, remaining in the euro, means great sacrifices"
- Evangelos Venizelos, Greek finance minister
Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official.
USD
"Markets would love to see some certainty, and we don't have any of that at the moment"
- Frank Lesh, a futures analyst and broker at FuturePath Trading LLC
U.S. stocks ...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (14:30 GMT)
EUR/USD
Near-term price action shows the pair under pressure, after several unsuccessful attempts at 1.32 barrier. While daily Ichimoku cloud continues to cap the upside, focus remains at lower targets, as the pair tested near-term range floor at 1.3025 so far. Negative hourly studies see scope for test of 1.3000, figure support / Fib 38.2% of 1.2622/1.3232 upleg, ahead of next significant level at 1.2930, 25 Jan low / Fib 50%. Negative news from Greece, put additional pressure on Euro. Upside ...
Title:
Dukascopy Morning Forex Overview : 06/02/2012
Fundamental Analysis
EUR
"The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter"
- James Ashley, senior European economist at RBC Capital Markets
Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October.
USD
"The report was much better than expected in ...
Title:
Dukascopy Morning Forex Overview : 02/02/2012
Fundamental Analysis
EUR
"The merger between Deutsche Boerse and NYSE Euronext would have led to a near-monopoly in European financial derivatives worldwide"
- Joaquin Almunia, competition commissioner
The European Commission has blocked a 9 billion dollar merger between Deutsche Börse and NYSE Euronext stock exchanges, saying that it would have stifled competition and created a monopoly in derivatives trading.
USD
"The job market continues to grow at a moderate pace"
- Jonathan Basile, ...
Title:
Dukascopy Afternoon Forex Overview : 01/02/2012
Dukascopy Fundamental Analysis
EUR
European Flash CPI y/y for January was in line with expectations at 2.7%; the reading remained unchanged since December. Final manufacturing PMI slightly outperformed the 48.7 forecast and stood at 48.8 in January; the PMI reading still points out a demand contraction among European businesses.
USD
Amazon announced an essential decline in net income and warned of probable loss this year. Net income for Q4 of 2011 achieved USD 177 million as compared to USD ...
Title:
SunBirdFX Daily Market Analysis : 02/01/2012
www.sunbirdfx.com
Wall Street is starting to show more and more signals that a correction is about to come. Yesterday, the major indices open the trading day almost 1% up, but started falling after the release of the disappointing consumer confidence data. In total, January was the best month in the US stock markets since 1997, as they rose 10% during the month.
EUR/USD
The declines in the stock markets supported the USD against the major currencies, and the euro slid against the American ...
Title:
YouTradeFX Daily Market Analysis : 01/02/2012
Fundamental News:
Today's highlight;
ADP Nonfarm Employment Change. (US, 13:15, GMT)
ISM Manufacturing Index. (US, 15:00, GMT)
Unemployment Rate. (NZ, 21:45, GMT)
The EUR/USD is currently trading 1.3079 dropping from the high today of 1.3213.
Greece seems to be forgotten; maybe no news is good news. As Portugal steps forward, investors remained wary as the yield on Portugal’s 10-year government bonds stayed close to Monday’s euro-era highs at 16%, fuelling concerns that Lisbon ...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (09:00 GMT)
EUR/USD
The near-term price action shows the pair in corrective pullback after extending two-week uptrend. Regain of significant barriers at 1.3145 and 1.3200, where daily Ichimoku cloud was briefly penetrated, sees scope for further extension higher. The pair so far reached 1.3232, exactly 38.2% retracement of 1.4246/1.2622 descend, looking for test of 1.3300, possibly 1.3429/58, Fib 50% / 08 Dec high, on a break. Dips have so far found footstep at 1.3135, ahead of figure support at 1.3100 and ...
Title:
Dukascopy Morning Forex Overview : 27/01/2012
Fundamental Analysis
EUR
"The cost of postponing a solution is extremely high for Europe, but especially for the future of the euro"
- Giovanni Bossi, chief executive officer of Banca Ifis SpA
Talks on Greek debt swap resumed on Thursday as European finance ministers pressure private bondholders to take bigger losses on their Greek holdings.
USD
"Improving economic momentum and diminished angst surrounding the financial crisis has encouraged businesses to take on more risk"
- Richard ...
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