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Gbp/usdTitle:
Dukascopy Morning Forex Overview : 25/05/2012
Fundamental Analysis
EUR
"The euro zone is being buffeted by major headwinds."
- Howard Archer, chief European economist at IHS Global Insight
European manufacturing and services industries contracted in May. A composite index based on a survey of purchasing managers in manufacturing and services sectors declined to 45.9 from 46.7 in April, said the Markit Economics on Thursday.
USD
"It looks more and more like businesses are hesitating to invest in the face of worsening uncertainties in the and global economy."
- Pierre Ellis, a senior economist at Decision Economics
The number of Americans claiming for unemployment benefits declined slightly by 2,000 to a seasonally adjusted 370,000 in the week ended May 19 from the week before, said the Department of Labor on Thursday.
GBP
" ...
Title:
Negative outlook in EU sends EUR/USD to new 2012 lows
MORNING BRIEFING: Negative outlook in EU sends EUR/USD to new 2012 lows
What’s new:
Asia: Japanese CPI in line with expectations. Risk mixed overnight. EUR/JPY consolidates below 100.
United States: Soft core durables send GDP forecasts down. USD gaining against most peers
Europe: Decent indices, but Euro selling off. Still focus on Greece and the lack of progress.
Rates in Asia and Indices:
EUR/USD 1.2519 1.2561 0.21 %
USD/CHF 0.9567 0.9606 0.16 %
GBP/USD 1.5648 1.5676 -0.00 %
USD/JPY 79.54 79.82 -0.06 %
EUR/CHF 1.2012 1.20375 -0.03 %
EUR/JPY 99.73 100.06 -0.25 %
Dow Jones 12419.63 12539.59 0.26 %
Nasdaq 2512.35 2554.2 ...
Title:
YouTradeFX Daily Market Analysis : 25/05/2012
Fundamental News
Today’s highlights
- GfK German Consumer Climate (GER, 07:00 GMT)
- French Consumer Confidence (FRA, 07:45 GMT)
- Spanish PPI (YoY) (SPAIN, 08:00 GMT)
- Employment Level (SUI, 08:15 GMT)
- Michigan Consumer Sentiment (U.S., 14:55 GMT)
According to the Labor Department, new unemployment claims in the U.S came in at a seasonally adjusted level of 370,000, a slight decline from the previous week's revised level of 372,000. While, U.S durable goods orders edged up by 0.2 percent in April after tumbling by 3.7 percent in March, the Commerce Department said in a report on Thursday.
According to Bloomberg, China’s biggest banks may fall short of loan targets for the first time in at least seven years as an economic slowdown crimps demand for credit, three ...
Title:
German Data Leads to Additional Euro Losses
Disappointing German data sent the euro to fresh lows against the USD during European trading yesterday. In a sign that even the euro-zone's biggest economy was not immune from the region's debt crisis, the German Flash Manufacturing PMI and Ifo Business Climate both came in significantly below expectations. As a result, the EUR/USD dropped as low as 1.2515, close to a two-year low. As we close out the week, traders will want to continue monitoring any developments out of the euro-zone. Any new negative developments could send the common currency below $1.2500 before markets close for the week.
Economic News
USD - Safe-Haven USD Sees Additional Gains
The US dollar was able to extend its gains against the euro yesterday, following the release of several disappointing economic indicators ...
Title:
Forex Technical Analysis : 05/25/2012
- Forex Technical Analysis : 05/25/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the GBP/USD pair on May 25th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its bearish movement and is currently testing the support at 1.5650.
All indicaotrs are bearish.
We continue to advise short positions as far as 1.58 is resistance.
The breakout of 1.5650 will give a new sell signal and open the week towards 1.56.
In case of return above 1.58, we will be neutral between this level and 1.550.
The breakout of 1.5850 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 24th, 2012
GBP/USD Analysis
Title:
Daily Forex Spot Contest : 05/25/2012
Friday, 25th of May 2012, Forex-Tribe organizes 2 Forex Spot contest on the following Currency Pairs :
- EUR/USD
- GBP/USD
Votes start at 0h00 CET
Votes end at 13h00 CET
To vote, Access to the Forex Contests
(Or become a Forex-Tribe Member Now!)
Results at 23h00 CET
Title:
Dollar continues on gaining power
Today throughout the U.S session mixed sentiments; fears and hopes, were spread on a local scale with on one hand orders for business equipment dropped for a second month and on the other hand Hewlett-Packard Co. gained significantly.
Plus today`s German manufacturing data came out gloomy and showed weakened industry and production conditions while that China attested out that some of its biggest banks may fall short of loan targets.
Accordingly on a daily scale we watched the euro fall to its weakest level against the dollar since July 2010 and the Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, rose on multiple time charts to currently trade at 82.28 recording its highest level at 82.36 and its ...
Title:
GBP/USD Daily technical analysis - May 2012
The pair GBP/USD has broken in the middle of April the resistance at 1.60 and has then tested the next one at 1.6260. The test of this level lead to a strong bearish rally and a return on 1.5650.
The trend will remain bullish as far 1.5650 is support. A return above 1.58 will comfort the bullish trend and the breakout of 1.60 will give a new buy signal. The next resistance at 1.6260.
In case of breakout of 1.5650, the trend will be neutral between this level and 1.5450 (level of the long term bullish slant - black line). Only the breakout of this level will indicate a return of the bearish trend. We could then expect a test of the major support at 1.5345. The next support is at 1.52.
Previous GBP/USD Daily Analysis - April 2012
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