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Opened On A BearishTitle:
Technical analysis of the USD/CHF pair on February 20th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued its bearish movement last friday and opened the week on a bearish gap (not filled in).
All indicators are bearish.
We now advise to trade only short positions as far as 0.9208 is resistance.
The breakout of 0.9124 will give a new sell signal and open the way towards 0.9050.
In case of return above 0.9208, we will be neutral between this level and 0.9250.
The breakout of 0.9250 will give a buy signal.
See the previous analysis of the USD/CHF pair of February 17th, 2012
USD/CHF Analysis
Title:
Dukascopy Morning Forex Overview : 17/02/2012
Fundamental Analysis
EUR
"... we doubt that the euro zone will be able to avoid further contraction"
- Howard Archer, chief economist for IHS Global Insight
Euro zone economy contracted less than expected in the last quarter of 2011 as France and Germany helped mitigate the recession. Gross domestic product fell 0.3 per cent, said the European Statistical Office.
USD
"The housing market is moving toward more sustainable growth"
- Barry Rutenberg, chairman of the National Association of Home Builder
U.S. industrial output stagnated in January, after rising a revised 1 per cent in December, the Ministry of Economy, Trade and Industry reported on Wednesday.
GBP
"The U.K. labor-market data continue to paint a bit of a mixed picture, but the key point is that unemployment is still rising"
...
Title:
Euro Off Lows After U.S Data, But Remains Vulnerable
Markets continue to grieve; where higher yielders took a brutal hit today, after the latest developments we mentioned in our previous updates regarding the Greek never-ending dilemma. The U.S. macroeconomic data just came to slightly ease the hyper-tensioned markets, at least temporarily. The data showed the PPI measure of inflation inclined to 0.1% however it came below the median estimates of 0.3%. The housing sector showed as slight improvement as 0.70 million new residential buildings began construction, adding 10,000 buildings to the previous numbers and above the 0.68 million estimates. Most importantly, Unemployment claims unexpectedly dropped to 348k from 361k last month.
The EUR/USD off lows after the release, trading around 1.3000 after printing a low at 1.2974. The pair opened ...
Title:
Dukascopy Morning Forex Overview : 16/02/2012
Fundamental Analysis
EUR
"... we doubt that the euro zone will be able to avoid further contraction"
- Howard Archer, chief economist for IHS Global Insight
Euro zone economy contracted less than expected in the last quarter of 2011 as France and Germany helped mitigate the recession. Gross domestic product fell 0.3 per cent, said the European Statistical Office.
USD
"The housing market is moving toward more sustainable growth"
- Barry Rutenberg, chairman of the National Association of Home Builder
U.S. industrial output stagnated in January, after rising a revised 1 per cent in December, the Ministry of Economy, Trade and Industry reported on Wednesday.
GBP
"The U.K. labor-market data continue to paint a bit of a mixed picture, but the key point is that unemployment is still rising"
...
Title:
EUR under pressure
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro extended its weakness during the Asia session amid concern over the failure of Eurozone authorities to secure an aid package for Greece before bond redemptions are due. In comments made after the Eurogroup conference call, Jean Claude Juncker merely said ‘decisions’ would be made at next week’s full meeting but it appears doubts remain over Greece‘s ability to deliver. The stop-gap solution seems to be to come up with enough funds to repay creditors only while withholding other forms of aid. A bridging loan to last the next month is being planned, though essentially this is only buying time for a fuller discussion on the merits of a longer-term plan.
The headlines were a wake-up call to a market that had grown complacent about the ...
Title:
Dukascopy Afternoon Forex Overview : 15/02/2012
Dukascopy Fundamental Analysis
EUR
Europe's largest economy contracted less than expected in fourth quarter, signalling Germany may avoid crisis despite declining demand across region. German GDP dropped 0.2% in last quarter of 2011 compared to 0.6% growth in the third quarter. Economists questioned by Bloomberg predicted a drop of 0.3%. Meanwhile France's economy unexpectedly in expanded 0.2% in last three months of 2011.
USD
Demand for automobiles pushed upwards the industrial production level in the US. The total industrial output rose by 0.7% in January; the December figure was revised to +1.5%. Analysts believe that shortages in business inventories and increasing machinery investments will keep industrial output level quite high in near term.
GBP
UK unemployment rose to 2.67, ...
Title:
China will continue investing in the Eurozone
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
China‘s central bank governor Zhou said China would continue to invest in Eurozone sovereign bonds and would play a bigger role in solving Europe‘s crisis via both the IMF and the EFSF. As usual, the comments were short on specifics, but they helped the euro recover from yesterday’s selloff, and carried AUD and NZD higher too. Zhou also expressed his wish that the euro will become a bigger and more important reserve currency. USDJPY held onto yesterday’s gains but couldn’t make much further headway despite closing above the 200-day moving average for the first time in 10 months. EURUSD traded 1.3080-1.3185 and USDJPY 77.36-78.66 since Tuesday’s European close. There was no further news on yesterday’s developments in Europe which had ...
Title:
SunBirdFX Daily Market Analysis : 02/14/2012
www.sunbirdfx.com
The US stock markets opened the trading week with risings of 0.7% on the background of the agreements in Greece, which sent the European stock markets 1% up as well. However, those who expected a sharp reaction by the Euro got disappointed since the European currency weakened against the USD.
Today's important news: GBP- CPI; EUR-German ZEW Economic Sentiment; USD-Core Retail Sales m/m.
NZD/USD
The strong rally of the NZD against the USD, which started on December, has slowed down in the last two weeks. The pair broke through the resistance at 0.825 but could not continue rising and got another resistance at 0.84. The break-up level has become support and the NZD slide to this support on Friday and retested it. The buyers should up at this level and raised the kiwi ...
Title:
Technical analysis of the GBP/USD pair on February 13th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback on the support at 1.5750 last friday but has opened on a small bullish gap.
All indicators are bearish.
We continue to advise long positions as far as 1.5750 is support.
A return above 1.58 will comfort our bullish feeling.
The breakout of 1.59 will give a new buy signal and open the way towards 1.60.
In case of return below 1.5750, we will be neutral between this level and 1.5669.
The breakout of 1.5669 will give a sell signal.
See the previous analysis of the GBP/USD pair of February 10th, 2012
GBP/USD Analysis
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