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Technical analysis of the EUR/GBP pair on April 19th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP started yesterday a bearish rally and has validated the breakout of 0.82, offering a new sell signal.
The pair seems to move into a bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.8250 is resistance.
The breakout of 0.8150 will give a new sell signal and open the way towards 0.81.
In case of return above 0.8250, we will be neutral between this level and 0.83.
The breakout of 0.83 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 18th, 2012
EUR/GBP Analysis
Title:
Dukascopy Morning Forex Overview : 18/04/2012
Fundamental Analysis
EUR
"Yes, the economy avoided falling off the cliff, but it is still flirting with recession"
- Carsten Brzeski, senior economist at ING Group
An index of German investor confidence unexpectedly rose to 23.4 in April from 22.3 in March, said the ZEW Centre for European Economic Research on Tuesday.
USD
"Housing continues to bump along the bottom”"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. housing starts fell in March but building permits rose to highest level since 2009, Commerce Department data showed on Tuesday. Groundbreakings declined to an annual rate of 0.65 million, while permits advanced to 0.75 million.
GBP
"There seems to be a little bit of payback from the previous couple of months’ brisker growth"
- Philip Rush, an ...
Title:
Copper steadies after fall; supply in spotlight
LONDON - Copper steadied on Tuesday from three-month lows in the previous session after expectations-beating German economic data calmed jittery investors while a surprise drop Rio Tinto's copper output brought the metal's tight supply pipeline back in focus.
Three-month copper on the London Metal Exchange traded at $8,002.25 at 6:26 a.m. EDT (1026 GMT), little changed from the $7,980 close on Monday.
Copper fell to its lowest since early January at $7,885.25 on Monday, losing more than 9 percent from early April highs. Copper is up about 5 percent this year.
"We saw a significant lurch lower yesterday but it met some pretty decent buying so it does look like there is quite a bit of money reluctant to see prices go down," analyst Dan Smith of Standard Chartered said.
"Positive German ...
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Technical analysis of the XAU/USD (Gold) pair on April 16th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated a return below 1660 points, offering a sell signal and is currently testing the breakout of 1650 points.
The pair is still moving into a short term bearish channel (purple lines) and continues to move above the lower band of its long term bullish channel.
All indicators are bearish.
We continues to advise short positions as far as 1660 points is resistance.
The validation of the breakout of 1650 points will give a new sell signal and open the way towards 1630 points.
In case of return above 1660 points, we will wait the breakout of 1680 points to advise long positions.
See the previous analysis of the XAU/USD pair of April 13th, 2012
XAU/USD Analysis
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Technical analysis of the EUR/JPY pair on April 16th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated a return below 106, offering a new sell signal.
The pair is currently testing the breakout of the next support at 105.
All indicators are bearish.
We continue to advise short positions as far as 106.50 is resistance.
The breakout of 105 will give a new sell signal and open the way towards 104.
In case of return above 106.50, we will wait the breakout of 107 to advise long positions.
See the previous analysis of the EUR/JPY pair of April 13th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on April 16th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated on friday the breakout of 1.31, offering a sell signal.
The pair is currently testing the next support at 1.30 (major support).
All indicators are bearish.
We continue to advise short positions as far as 1.31 is resistance.
The breakout of 1.30 will give a new sell signal and open the way towards 1.29.
In case of return above 1.31, we will wait the breakout of 1.32 to advise long positions.
See the previous analysis of the EUR/USD pair of April 13th, 2012
EUR/USD Analysis
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Technical analysis of the AUD/USD parity on April 13th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.04, offering a buy signal.
Then, the pair found resistance on 1.0450 and is currently testing the support at 1.04.
The pair is still moving above the upper band of its medium term bearish channel (purple lines).
Indicators are globaly bullish.
We continue to advise only long positions as far as 1.0350 is support.
The breakout of 1.0450 and 1.05 will both give a new buy signal.
In case of return above 1.3050, we will wait the breakout of 1.03 to advise short positions.
See the previous analysis of the AUD/USD parity of April 12th, 2012
AUD/USD Analysis
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Treasury bonds ease as higher stocks sap safe-haven appeal
(Reuters) - Treasury debt prices eased on Thursday as stock market strength eroded the safe-haven allure of government debt, offsetting earlier data showing higher-than-expected jobless claims.
Stocks rose by over 1 percent on Thursday after concerns eased about rising yields in some euro zone countries and on bets corporate America will beat a lowered bar for earnings expectations.
Earlier, bonds had been on a firm footing because of jobless claims data for last week that reinforced recent payrolls data showing the labor market continues to struggle.
Also, a below-forecast, zero increase in the producer price index in March fueled speculation the Federal Reserve could eventually step in with a third round of debt buying, or monetary stimulus known as quantitative easing.
"Claims were ...
Title:
Treasury bonds gain as investors speculate on more stimulus
(Reuters) - Treasury debt prices rose on Thursday after higher-than-expected jobless claims last week reinforced recent payrolls data showing the labor market continues to struggle.
A below-forecast zero increase in the producer price index in March also fueled speculation the Federal Reserve could eventually step with a third round of bond buying monetary stimulus known as quantitative easing.
"Claims were the highest in almost three months and inflation pressures appear to be easing off, at least as measured by PPI," said Thomas Simons, money market economist at Jefferies & Co. in New York.
"These two data points will add more fuel to the fire for the debate over QE3," he said, referring to talk that the Fed could decide to buy more Treasuries in a third bout of quantitative easing.
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