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Its Bearish MovementTitle:
Technical analysis of the NZD/USD pair on May 4th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.8050 gave us a new sell signal.
The pair also broke the lower band of its bearish channel (black lines) and is currently testing the support at 0.80.
All indicators are bearish.
We continue to advise short positions as far as 0.81 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.81, we will be neutral between this level and 0.8134.
See the previous analysis of the NZD/USD pair of May 3rd, 2012
NZD/USD Analysis
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YouTradeFX Daily Market Analysis : 03/05/2012
Fundamental News
Today’s highlights:
· Initial Jobless Claims + Nonfarm Productivity (QoQ) (U.S., 13:30 GMT)
· Interest Rate Decision (EUR., 12:45 GMT)
· ECB Press Conference (EUR, 13:30 GMT)
· ISM Non-Manufacturing Index (U.S., 15:00 GMT)
U.S. Factory Orders fell 1.5 Percent in March to $460.5 billion following a 1.1 percent increase in February, according to figures released Wednesday by the Commerce Department. While, ADP said that U.S private sector employment increased by 119,000 jobs in April following a downwardly revised increase of 201,000 jobs in March.
The euro remained lower following a three-day decline on bets that European Central Bank President Mario Draghi will hint at further stimulus measures to counter the region’s debt crisis after ...
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Weak Euro-Zone Data Sends EUR Tumbling
A batch of negative euro-zone economic indicators, including a worse than expected manufacturing PMI, drove the EUR/USD to its lowest level in over a week during trading yesterday. The news also resulted in the euro dropping over 140 pips against the yen during the European session. Turning to today, European news is forecasted to generate significant market volatility. Traders will want to pay attention to the results of a Spanish debt auction, as well as to the ECB Press Conference at 12:30 GMT. Should any of the news signal further troubles regarding the euro-zone economic recovery, the common currency could drop further before markets close for the week.
Economic News
USD - ADP Employment Figure Leads to Dollar Losses
The US dollar fell vs. the safe-haven JPY throughout European ...
Title:
Technical analysis of the NZD/USD pair on May 3rd, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.8134 and 0.8077 both 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 0.8134 is resistance.
The breakout of 0.8050 will give a new sell signal and open the way towards 0.80.
In case of return above 0.8134, we will be neutral between this level and 0.8180.
See the previous analysis of the NZD/USD pair of May 2nd, 2012
NZD/USD Analysis
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Windsor Brokers - Short Term Technical Analysis for Majors (08:45 GMT)
EUR/USD
The single currency extends its near-term weakness off 1.3282, yesterday’s high, where short-term rally was limited, just ahead of key barrier at 1.3290/1.3300. Brief consolidation above initial support at 1.3200, was short-lived, as more negative data from Eurozone, increased pressure on that pair. Near-term studies weakened further, as the price broke below 1.3200/1.3172 supports, with immediate focus at 1.3157, 27 Apr low and 1.3138, 50% retracement of 1.2993/1.3282 upleg, ahead of more significant support at 1.3100, 23 Apr low / Fib 61.8%. Previous support at 1.3200, now reverts to initial resistance.
Res: 1.3200, 1.3232, 1.3243, 1.3269
Sup: 1.3157, 1.3138, 1.3123, 1.3100
GBP/USD
Commences the third leg of reversal from 1.6300, 30 Apr fresh 8-month high, after initial ...
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AUD Tumbles Following Interest Rate Cut
The AUD took heavy losses vs. its main currency rivals during yesterday's trading session, falling a bigger than expected cut in Australian interest rates. The AUD/USD fell over 100 pips following the news, reaching as low as 1.0304 during early morning trading. The aussie also fell close to 100 pips against the JPY and 145 pips against the euro. Turning to today, traders will want to focus on the UK Construction PMI at 8:30 GMT, followed by the US ADP Non-Farm Employment Change at 12:15 GMT. Any positive news could help both the British pound and US dollar reverse their current bearish trends.
Economic News
USD - US Manufacturing PMI Gives USD Boost
After taking losses against most of its main currency rivals throughout the overnight and morning sessions yesterday, the USD was able to ...
Title:
Dukascopy Morning Forex Overview : 01/05/2012
Fundamental Analysis
EUR
"We fear things are likely to get worse before they get better"
- Martin van Vliet, a senior euro-region economist at ING Bank
Spain sank into recession in the first quarter of 2012. The economy contracted 0.3 per cent, after shrinking by the same amount in the previous quarter, Madrid-based National Statistics Institute data showed on Monday.
USD
"What was encouraging was that the income numbers improved. Our expectation is that job growth does increase gradually"
- Peter Newland, an economist at Barclays Capital Inc.
U.S. consumer spending was boosted by higher than expected incomes, said the Bureau of Economic Analysis on Monday. Household purchases increased 0.3 per cent. Incomes gained 0.4 per cent, the most in three months.
GBP
"This is year three of a ...
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USD Remains Bearish During Slow Trading Day
The US dollar extended its bearish trend during yesterday's trading session, as investors continued to digest the disappointing US Advance GDP figure released last week. The greenback hit a two month low against the Japanese yen while the GBP/USD rose to an eight-month high. Turning to today, most European markets are closed for the May Day holiday. That being said, traders will want to pay attention to news out of the US. Specifically, the US ISM Manufacturing PMI is forecasted to generate significant market volatility. A better than expected result could help the dollar recoup some of its recent losses.
Economic News
USD - US Manufacturing PMI May Help Dollar
The dollar largely remained bearish against its main currency rivals yesterday, following disappointing US news last week which ...
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Technical analysis of the USD/JPY pair on May 1st, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bearish movement and the breakout the support at 80 gave us a new sell signal.
All indicators are bearish.
The pair is moving into its bearish channel (black lines).
We continue to advise short positions as far as 80.74 is resistance.
The breakout of 79.50 will give a new sell signal and open the way towards 79.
In case of return above 80.74, we will wait the breakout of 81.06 to advise long positions.
See the previous analysis of the USD/JPY pair of April 30th, 2012
USD/JPY Analysis
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