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Found Resistance On The LowerTitle:
Windsor Brokers - Short Term Technical Analysis for Majors (14:00 GMT)
EUR/USD
Corrective pullback off last Friday’s high at 1.3186, also Fib 38.2% of 1.3485/1.3000, so far found footstep at 1.3140, 55 day EMA, but hourly studies continues to point lower. This sees potential of further easing towards next support at 1.3120/00, below which to open 1.3090, bull trendline off 1.3000 and 55 day SMA, where potential dips should be contained, to keep short-term bulls in play. On the upside, 1.3186 offers initial resistance, with break here to resume recovery and expose next strong barrier at 1.3290, 08 Mar high / Fib 61.8%.
Res: 1.3169, 1.3186, 1.3190, 1.3243
Sup: 1.3140, 1.3120, 1.3100, 1.3090
GBP/USD
Brief consolidation under last Friday’s high and 200 day SMA at 1.5860, was contained at 1.5820. Fresh strength broke above 1.5860, initial barrier and also ...
Title:
Thin ranges with U.S. dollar flavour
We have seen some downside pressure on higher yielders in general today, and the greenback correcting some of Friday’s losses.
The EUR/USD found resistance at 1.3190 level; which is a pervious swing high and an important intraday level. Now the pair is retreating again attempting to retest the previously breached resistance which should turn into support around 1.3100-1.3120 and around the 200-hours Simple moving average as well. The intraday bias should turn positive if the pair manages to settle above the key level eyeing another test of the recent high near 1.3190, where if taken we may see further gains towards 1.3270-1.3280. On the other hand failure to hold above 1.3100 could push it lower again initially towards 1.3050.
Despite the relative strength, the U.S. dollar is losing ...
Title:
Dukascopy Morning Forex Overview : 19/03/2012
Fundamental Analysis
EUR
"We expect euro-zone gross domestic product to contract further in the first quarter of 2012 and very possibly in the second quarter as well"
- Howard Archer, chief European economist at IHS Global Insight
European exports rose for a third straight month in January, adding to signs the region is recovering after contraction in the fourth quarter. The 17-nation currency bloc posted a trade deficit of 7.6 billion euros in January, said the European Union's statistics agency Eurostat on Friday.
USD
"Consumers are pretty stretched at this point"
- Scott Brown, chief economist at Raymond James & Associates Inc
U.S. industrial production was little changed in February, compared to the previous month, said the Federal Reserve on Wednesday.
GBP
"Both the systemic risk ...
Title:
Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)
EUR/USD
Holds the near-term positive tone off last week’s low at 1.3000, as last Friday’s price action accelerated gains to test 1.3186, Fib 38.2% of 1.3485/1.3000 descend, also 13 Mar previous high. The pair currently moves sideways, holding the narrow range, as consolidation of the latest strong rally. Positive near-term studies see potential for further recovery, with 20 day EMA underpinning at 1.3150 and break above 1.3190 barrier, to open next strong resistance at 1.3290/1.3300, 08 Mar high / Fib 61.8%. Only loss of 1.3120 would weaken the near-term structure.
Res: 1.3186, 1.3190, 1.3243, 1.3290
Sup: 1.3160, 1.3150, 1.3120, 1.3100
GBP/USD
Last week’s strong recovery rally off 1.5600 base, turned focus higher, as the price broke above key near-term barriers at 1.5830/42, 08 Mar ...
Title:
Dukascopy Afternnon Forex Overview : 16/03/2012
Fundamental Analysis
EUR
Greek unemployment rate hit a new record in Q4, approaching 20.7%. The figure indicates that country economy experiences crisis while tight austerity measures are likely to push the county into even deeper recession. The jobless rate is expected to rise further in the following months, said Platon Monokroussos, EFG Eurobank economist. Young individuals were the most severally affected by the slowdown. Almost 40% of people aged between 15 and 24 are without job as compared to 28% in Q4 of 2010.
USD
February CPI remained in laine with the 0.4% forecast after a 0.2% in January. Manufacuting sales lost 0.9% in January despite a positive 0.4% forecast and a significant 0.6% growth in December.
GBP
British FTSE 100 index climbed on Friday supported by bank stocks. ...
Title:
S&P500 above 1400 for the first time since 2008; Will the positive mood continue?
Morning Briefing : S&P500 above 1400 for the first time since 2008; Will the positive mood continue?
What's new:
Asia: Mixed session in Asia, awaiting direction from the US.
Europe: General positive session. Sweden and UK slightly lower.
US: Another positive session for stocks. USD sent lower.
Gold: Boosted by the sell-off in the USD. Range-bound overnight.
Forex rates in Asia and Indices:
EURUSD: 1.3067 – 1.3100.
USDCHF: 0.9217 – 0.9242.
GBPUSD: 1.5694 - 1.5726.
EURJPY: 109.01 – 109.39.
USDJPY: 83.27– 83.62.
DowJones: 13’252.76 +0.44%
NASDAQ: 3'056.37 +0.51%
S & P 500: 1'402.60 +0.60%
Nikkei: 10’129.83 +0.06%
Shanghai: 2'404.74 +1.3%
Gold: $ 1'656.60
Crude Oil: $ 105.42
Comments:
Yesterday, the market was pretty indecisive throughout the European session and it seemed like liquidity ...
Title:
Dukascopy Morning Forex Overview : 16/03/2012
Fundamental Analysis
EUR
Spanish sale "was a test for demand, to check if it was still solid despite worries about the country's fiscal consolidation"
- Annalisa Piazza, a fixed-income analyst at Newedge Group
Spain placed 3 billion euros of debt on Thursday at lower costs, compared to the last auction in February, drawing strong support from investors.
USD
" suggest that the recovery is firmly on track"
- Scott Brown, chief economist at Raymond James
The number of Americans claiming for unemployment benefits declined to the lowest level since 2008 in the week ended March 10, suggesting the labour market is gaining momentum. Jobless claims fell by 14,000 to 351,000, said the Department of Labor on Thursday.
GBP
"This is a salutary reminder as to why Britain needs to deal with the ...
Title:
Technical analysis of the EUR/USD pair on March 15th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD just found support on 1.30.
The pair is still moving below the lower band of its bullish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.3150 is resistance.
The breakout of 1.30 will give a new sell signal and open the way towards 1.29.
In case of return above 1.3150, we will wait the breakout of 1.32 to advise long positions.
See the previous analysis of the EUR/USD pair of March 14th, 2012
EUR/USD Analysis
Title:
Dukascopy Morning Forex Overview : 14/03/2012
Fundamental Analysis
EUR
The eurozone crisis appears to have "taken a pause for breath"
- Wolfgang Franz, ZEW president
An index of German investor confidence rose to 22.3 in March, the highest level in more than 20 months, from 5.4 in February, said the ZEW Centre for European Economic Research on Tuesday. ZEW sentiment is based on a survey conducted among 350 German investors and analysts, who are asked to assess the six-month economic outlook.
USD
"The economy is moving towards a self-sustaining recovery"
- Jeffrey Saut, chief investment strategist at Raymond James & Associates
U.S. month on month retail sales grew at a fastest pace in five months in February, suggesting the worlds largest economy is gaining steam even despite rising gasoline prices, said the Census Bureau on ...
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