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Give A SellTitle:
When Emerging Markets Shape the Developed World
“America is back,” said the President of all the Americans, “Anyone who tells you America is in decline or that our influence has waned, doesn’t know what they’re talking about.”
Well, Dear Reader, we’re here to tell you: America is in decline.
We can give it to you straight because we’re not running for public office. And if we were elected, we would immediately demand a recount.
Anyone who tells you America is not in decline is either running for office…or not paying attention.
In 1969, ...
Title:
Euro leaps to eight-week peak vs dollar on Greece deal optimism
(Reuters) - The euro rallied across the board on Tuesday, hitting an eight-week high against the dollar on optimism that Greece is about to agree on a bailout deal that will enable it to avoid a messy default.
A Greek official's statement suggested that the Greek government has completed negotiations with lenders on its 130 billion-euro rescue package, although agreeing to the painful austerity measures that come with the bailout could be a challenge.
Greek political leaders had balked at the ...
Title:
Euro scales 8-week peaks on optimism over Greek deal
(Reuters) - The euro gained across the board, hitting eight-week highs against the dollar on Tuesday, after a Greek official said the government is drafting an agreement on a bailout deal that will be put before political leaders for approval later in the day.
The official's statement suggested that the Greek government has completed negotiations with lenders on its 130 billion-euro rescue package, although agreeing to the painful austerity measures that come with the bailout could be a ...
Title:
Euro supported by Greek hopes, Aussie buoyed by RBA
(Reuters) - The euro held its ground against the dollar on Tuesday as most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day.
Greek optimism also helped equities and other risk sensitive currencies including the Australian dollar. The Aussie also got a boost when the Reserve Bank of Australia surprisingly kept interest rates steady at 4.25 percent.
Failure to secure the 130 billion euro ($ ...
Title:
Dukascopy Morning Forex Overview : 07/02/2012
Fundamental Analysis
EUR
"There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012"
- Carsten Brzeski, senior economist at ING Group
German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday.
USD
"You wonder when people are going to look ...
Title:
YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News:
Today's highlight;
· Fed Chairman Bernanke Testifies. (US, 15:00, GMT)
The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising.
Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...
Title:
Technical analysis of the EUR/CHF pair on February 7th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF found resistance yesterday on 1.2080 and is now back on the support at 1.2060.
All indicators are bearish.
The pair is still moving into its long term bearish channel (black lines).
We continue to advise short positions as far as 1.21 is resistance.
The breakout of 1.20 and 1.1950 will both give a new sell signal.
In case of return above 1.21, we will wait the breakout of 1.2150 to advise long positons.
See the previous analysis of the EUR/ ...
Title:
Technical analysis of the EUR/GBP pair on February 7th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has validated yesterday the breakout of 0.83, offering a new sell signal.
Then, the pair found support on the midline of its long term bearish channel (purple lines).
The pair is currently testing a return above 0.83.
All indicators are bearish.
We maintain to trade the pair according to 0.8350:
- Long above this level. The breakout of 0.84 will give a new buy signal
- SHort below this level. The breakout of 0.8250 will give a new sell signal.
...
Title:
Technical analysis of the EUR/JPY pair on February 7th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked yesterday the breakout of 100 and is now going to test the resistance at 101.
On the short term, the pair got out of its bearish channel (black lines).
The pair is still moving above its long term bullish slant (purple line).
Indicators are mitigated.
We stay neutral on the pair between 100 and 101.
We advise to wait an exit of this range to take position:
- Long if 101 is broken. The breakout of 102 will give a new buy signal
- ...
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