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Gave Us A SellTitle:
Spanish debt sale, German data bring relief
(Reuters) - Spanish borrowing costs jumped at a debt auction on Tuesday but the sale went smoothly and German data gave an upbeat reading of the euro zone's largest economy, providing some relief to investors worried about the debt crisis.
The euro and European shares rose and Spanish 10-year bond yields fell further below six percent, a key level breached on Monday.
Investors fear Spain's economic problems will reignite Europe's troubles; a break in a country's debt yields above 6 percent has in the past accelerated the rise in borrowing costs to unsustainable territory.
But Spain sold 3.2 billion euros of 12- and 18-month Treasury bills, slightly above its target, although yields were higher than at the last sale and analysts said the success was largely due to the participation of ...
Title:
Soaring Spanish debt costs haunt Asian shares, euro
(Reuters) - Asian shares and the euro fell on Tuesday, as surging Spanish borrowing costs underscored the fading impact of the European Central Bank's bond purchases and stoked investor nervousness over euro zone debt woes, sapping their risk appetite.
Oil and the Australian dollar slipped while a firmer dollar dented appetite for safe-haven gold, which eased 0.3 percent to fall below a key technical level of $1,650 an ounce.
Spanish 10-year government bond yields rose above 6 percent on Monday for the first time since the beginning of December, fuelling concerns that Madrid could fail to meet deficit targets as the country acknowledged it has probably tipped into its second recession since 2009.
That would raise the risk of the euro zone's fourth largest economy being pushed into ...
Title:
Technical analysis of the GBP/JPY pair on April 16th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued its bearish movement and the breakout of 128 just gave us a new sell signal.
The pair is moving below a bearish slant (black line).
All indicators are bearish.
We continue to advise short positions as far as 129 is resistance.
The breakout of 126.73 will give a new sell signal and open the way towards 127.
In case of return above 129, we will be neutral between this level and 129.50.
The breakout of 129.50 will give a buy signal.
See the previous analysis of the GBP/JPY pair of April 13th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the USD/JPY pair on April 16th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bearish movement and the breakout of 81 gave us a new sell signal.
The pair is currently testing the lower band of its bearish channel (black lines) and also the support at 80.50.
All indicators are bearish.
We continue to advise short positions as far as 81.50 is resistance.
The breakout of 80.50 will give a new sell signal and open the way towards 80.
In case of return above 81.50, we will be neutral between this level and 82.
The breakout of 82 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 13th, 2012
USD/JPY Analysis
Title:
Technical analysis of the GBP/USD pair on April 13th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued yesterday its bullish movement and the breakout of 1.5950 gave us a buy signal.
The pair seems to move above a long term bullish slant (black line).
All indicators are bullish.
We continue to advise long positions as far as 1.5850 is support.
The breakout of 1.60 will give a new buy signal and open the way towards 1.6050.
In case of return below 1.5850, we will be neutral between this level and 1.58.
The breakout of 1.58 will give a sell signal.
See the previous analysis of the GBP/USD pair of April 12th, 2012
GBP/USD Analysis
Title:
Analysis: Obama's "green jobs" have been slow to sprout
(Reuters) - Three weeks ago, President Barack Obama stood in front of a sea of gleaming solar panels in Boulder City, Nevada, to celebrate his administration's efforts to promote "green energy."
Stretching row upon row into the desert, the Copper Mountain Solar Project not far from Las Vegas provided an impressive backdrop for the president.
Built on public land, the facility is the largest of its kind in the United States. Its 1 million solar panels provide enough energy to power 17,000 homes.
And it employs just 10 people.
Three years after Obama launched a push to build a job-creating "green" economy, the White House can say that more than 1 million drafty homes have been retrofitted to lower heating and cooling costs, while energy generation from renewable sources such as wind and ...
Title:
Australian employment report stronger than expected
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
WORLD
A much stronger than expected Australian employment report gave AUDUSD 70 pips of upside overnight. 44k new jobs were created against expectations of only 6.5k, and the unemployment rate held steady at 5.2% despite fears it would tick higher. Our analysts team sound a note of caution though they point out that when averaged across several months jobs growth is still relatively soft and not strong enough to keep the unemployment rate as low as it currently is. The team sticks to its view that the RBA will cut 25 bp at each of its May and June meetings, thanks to what is expected to be a low enough CPI reading for Q1.
Fed Vice-Chair Yellens much anticipated speech provided a fairly balanced assessment of where Fed policy is headed. She ...
Title:
Technical analysis of the USD/JPY pair on April 11th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continues its bearish movement and the breakout of 81 gave us a new sell signal.
The pair is currently testing the lower band of its bearish channel (black lines).
All indicators are bearish.
We continue to advise short positions as far as 81.83 is resistance.
The breakout of 80.50 will give a new sell signal and open the way towards 80.
In case of return above 81.83, we will be neutral between this level and 82.50.
The breakout of 82.50 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 10th, 2012
USD/JPY Analysis
Title:
Weak US Job report on friday the USD lower. JPY strong overnight
Forex Morning Briefing : Weak US Job report on friday the USD lower. JPY strong overnight
Whats new:
Forex: Yen extends its gains, up to 1-month high with US dollar following US jobs data
Global Markets: Asian shares hurt by slower than expected US jobs report
Japan: Current account returns to surplus
United States: Jobs report shows NFP at lowest in 5 months; 121k versus 221k
Rates in Asia and Indices:
EUR/USD: 1.3033 1.3105
USD/CHF: 0.9167 0.9217
GBP/USD: 1.5836 1.5894
USD/JPY: 81.19 81.59
EUR/CHF: 1.2009 1.2019
EUR/JPY: 106.17 106.87
Dow Jones: 13060.14 CLOSED
NASDAQ: 3'080.50 CLOSED
S & P 500: 1'398.08 CLOSED
Nikkei: 9546.26 -1.47%
Shanghai: 2'290.72 -0.69%
Gold: $ 1643.35
Crude Oil: $ 102.12
Comments:
Market activity was very high last week as key US events gave ...
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