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Neutral And A ReturnTitle:
Technical analysis of the EUR/GBP pair on May 2nd, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made a quick pullback on the resistance at 0.82 yesterday to then felt below 0.8150.
The pair is still moving into a bearish channel (purple lines).
All indicators are still bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 1st, 2012
EUR/GBP Analysis
Title:
Technical analysis of the GBP/JPY pair on May 2nd, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has rebounded yesterday on the support at 129.50 and is currently testing a pullback on 130.50.
Indicators are mitigated.
We continue to advise short positions as far as 130.50 is resistance.
The breakout of 129.50 will give a new sell signal and open the way towards 128.85.
In case of return above 130.50, we will be neutral between this level and 131.
The breakout of 131 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 1st, 2012
GBP/JPY Analysis
Title:
Technical analysis of the EUR/GBP pair on May 1st, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has faked yesterday the breakout of 0.8150.
The pair is still moving into a bearish channel (purple lines).
All indicators are still bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 30th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the GBP/JPY pair on May 1st, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has broken yesterday the support at 130.15, giving us a sell signal.
All indicators are bearish.
We continue to advise short positions as far as 130.50 is resistance.
The breakout of 128.85 will give a new sell signal and open the way towards 127.70.
In case of return above 130.50, we will be neutral between this level and 131.
The breakout of 131 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of April 30th, 2012
GBP/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 30/04/2012
Fundamental Analysis
EUR
Unemployment in Spain approached a new record of 5.64 million in March while the jobless rate topped 24.4%, reported the national statistics office. Analysts expect the Spain's officials to confirm that the country is falling into recession. Meanwhile, retail sales in the country declined by 3.7% in March on an annual basis.
USD
US consumer spending surged in March, adding to the previous gains as incomes increased. Household purchases that account about 70% of the US economy surged by 0.3%, following a 0.9% increase in February. Experts projected consumer spending to rise by 0.4%. Meanwhile, incomes eased up 0.4%, indicating the largest increase in the last three months.
GBP
UK home value accelerated in April, the second straight month, Hometrack Ltd said on ...
Title:
EUR/USD Ignored The S&P Downgrade Of Spain
Sunrise Market Commentary : 30/04/2012
- Fixed Income: new highs for Bund Future (141.38) and US Note Future (132-17)
- Core bonds set new contract highs on Friday after the Spanish rating downgrade. However, sentiment changed in the European session and led to return action. Today, trading will be thin ahead of tomorrow's Labour Day Holiday in most of Europe. Main items this week will be the ECB meeting (Thursday) and the US payrolls (Friday).
- Currencies: EUR/USD ignored the S&P downgrade of Spain.
- On Friday morning, the focus on the European markets was on the S&P downgrade of Spain. However, the reaction developed in a very orderly way. EUR/USD reversed the early losses and the dollar lost further ground after the weaker than expected US GDP. USD/JPY is testing the key ...
Title:
Technical analysis of the EUR/GBP pair on April 30th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP just validated the breakout of the support at 0.8150, giving us a new sell signal.
The pair is still moving into a bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 26th, 2012
EUR/GBP Analysis
Title:
US Employment Data in Focus
The Week Ahead
Highlights
US employment data in focus
Bank of Japan underwhelms
RBA likely to cut
The SNB talks tough on the Swissie
Is the UK economy really that weak?
The Eurozone's growth pact
US employment data in focus
Earlier this week, the Federal Open Market Committee (FOMC) held its 2-day policy meeting. The bank kept policy on hold and upgraded the economic assessment, however comments from Ben Bernanke - which did not provide any new insight in our view - kept Treasury yields low, equity markets supported, and the dollar soft with QE3 speculation back into focus.
Fed projections showed upwards revision to real GDP growth with forecasts of 2.4%-2.9% for 2012 up from the prior 2.2%-2.7% estimate and the unemployment rate forecast was lowered to 7.8%-8% ...
Title:
Technical analysis of the AUD/USD parity on April 26th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday a return above 1.0350.
The pair is moving above the upper band of its medium term bearish channel (purple lines).
Indicators are mitigated.
We are neutral on the pair between 1.0350 and 1.04.
We advise to wait an exit of this range to take position:
- Long above 1.04. The breakout of 1.0450 and 1.05 will both give a new buy signal
- Short below 1.0350. The breakout of 1.03 and 1.0250 will both give a new sell signal.
See the previous analysis of the AUD/USD parity of April 25th, 2012
AUD/USD Analysis
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