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Its Bearish MovementTitle:
Dukascopy Morning Forex Overview : 13/04/2012
Fundamental Analysis
EUR
"The outlook for the industrial sector is bleak"
- Martin van Vliet, an economist at ING Group
Euro-area industrial production unexpectedly rose in February, even as the region’s economy continued to slide into a recession. Production increased 0.5 per cent from January, said the European Union’s statistics office in Luxembourg on Thursday.
USD
"Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
The number of Americans claiming for unemployment benefits rose to 380 thousand in the week ended April 7 from the week before, said the Department of Labor on Thursday.
GBP
"Concern persists that U.K. exports will be limited in the near ...
Title:
Technical analysis of the EUR/CHF pair on April 13th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF made a new pullback on 1.2030 as resistance.
The pair EUR/CHF continues its bearish movement towards the support at 1.20 very slowly.
All indicators are bearish.
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of April 12th, 2012
EUR/CHF Analysis
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Euro Hits 1-Week High vs. USD
The euro rose to a one-week high against the US dollar during yesterday's trading session, as positive international fundamental data led to an increase in risk taking. Analysts are warning that overall market sentiment is still bearish toward the euro, and any gains made by the currency may be short lived. Today, traders will want to pay attention to data out of the US, including the Core CPI and Prelim UoM Consumer Sentiment figures. With both indicators forecasted to come in above last month's, the greenback could see gains to close out the week.
Economic News
USD - Dollar Continues to Fall vs. Riskier Currencies
The US dollar extended its recent bearish trend during yesterday's trading session, as positive data out of Australia and China led to an increase in risk taking. The EUR/ ...
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Technical analysis of the NZD/USD pair on April 13th, 2012
Commentary of the NZD/USD pair :
A strong bullish movement occured on the pair NZD/USD who broke the resistance at 0.8250, giving us a buy signal.
The pair has also validated an exit of its bearish channel (purple lines).
All indicators are bullish.
We continue to advise long positions as far as 0.8220 is support.
The breakout of 0.8313 will give a new buy signal and open the way towards 0.8350.
In case of return below 0.8220, we will be neutral between this level and 0.8180.
The breakout of 0.8180 will give a sell signal.
See the previous analysis of the NZD/USD pair of April 12th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on April 13th, 2012
Commentary of the USD/CAD pair :
A strong bearish movement occured on the pair USD/CAD who broke the support at 0.9960, giving us a sell signal.
All indicators are bearish.
We now advise to trade only short positions as far as 1.0 is resistance.
The pair got back into its former short term bearish channel (purple lines).
The breakout of 0.9920 will give a new sell signal and open the way towards 0.9888.
In case of return above 1.0, a buy signal will be given.
See the previous analysis of the USD/CAD pair of April 12th, 2012
USD/CAD Analysis
Title:
Dukascopy Morning Forex Overview : 12/04/2012
Fundamental Analysis
EUR
"The ECB should be preparing itself" for "the return of significant financial market tensions"
- Silvio Peruzzo, an economist at Royal Bank of Scotland Group Plc
Spanish "market conditions are not justified," said ECB Executive Board member Benoit Coeure on Wednesday. "Will the ECB intervene? We have an instrument, the securities markets program, which hasn’t been used recently but it still exists."
USD
"Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. import prices increased more than expected in March, 1.3 per cent, reflecting higher fuel costs, the Labor Department said Wednesday.
GBP
"The unusually warm weather in ...
Title:
EUR Stages Slight Recovery, US Data Set for Today
The euro saw mild upward movement during yesterday's trading session, as gains in stocks drove investors toward riskier assets. That being said, analysts are warning that debt worries in Spain and Portugal still have the potential to negatively impact the common currency in the coming days. Today, a batch of US fundamental data is forecasted to generate market volatility. Traders will want to pay attention to this week's Unemployment Claims as well as the Trade Balance and PPI figures, all scheduled for 12:30 GMT. Positive news may help the USD recoup some of its recent losses.
Economic News
USD - Dollar Extends Losses vs. Riskier Currencies
The US dollar extended losses against its riskier currency rivals during yesterday's session, including the euro and British pound. The EUR/USD was ...
Title:
Technical analysis of the EUR/CHF pair on April 12th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF made a new pullback on 1.2030 as resistance.
The pair EUR/CHF continues its bearish movement towards the support at 1.20 very slowly.
All indicators are bearish.
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of April 11th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/CHF pair on April 11th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF made a pullback on 1.2030 as resistance.
The pair EUR/CHF continues its bearish movement towards the support at 1.20 very slowly.
All indicators are bearish.
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of April 10th, 2012
EUR/CHF Analysis
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