Parity Is Currently Making

Dukascopy Fundamental Analysis EUR Moody's reduced credit rating of 16 Span's banks, citing a rise in bad debts in the country's financial sector and overall deterioration of the economic environment. The decision came after shares of Bankia lost another 14%. The largest banks such as Banco Santander and BBVA were downgraded while ten out of 17 banks were put on negative watch, implying that further credit rating cuts are possible. USD As the U.S. dollar gets stronger, investors are concerned that aggravating debt crisis in Europe will reduce demand for oil. Therefore, oil shows decline for a third week. Crude oil lost 25 cents yesterday and reached the 6-month low of $92.56. Brent oil for July delivery slid 0.5 percent to finish at $106.99. GBP Following a downgrade of 16 Spanish banks, ...

Fundamental Analysis EUR "We expect euro-region inflation to normalize in 2013" - Michael Schubert, an economist at Commerzbank AG Inflation in the seventeen nation bloc eased to 2.6 per cent in March from 2.7 per cent the previous month, said the European Union’s statistics office in Luxembourg on Wednesday. USD "Uncertainty about Greece and the effects a potential exit out of the euro would have on Europe, the global economy and the financial system in general is driving investors out of stocks into safe havens" - Markus Huber, head of German sales trading at ETX Capital The Standard & Poor's 500 lost 0.44%, or 5.86 points, to 1,324.80. The Dow Jones Industrial Average declined by 0.26%, or 33.45 points, to 12,598.55. GBP Unemployment figures are a "welcome step in the right ...

Forex Morning Briefing : Greece retains focus; Aussie continues to weaken What’s new: Asia: Asian and US equities remain in negative territory Greece: Still unable to form a coalition government Spain: Government expected to unveil banks’ plans on Friday Forex: AUD/USD approaching parity, fresh 2012 lows Forex: JPY still attracting support as carry trades unwind Rates in Asia and Indices: EUR/USD 1.2965 1.3008 -0.15 % USD/CHF 0.9234 0.9263 -0.15 % GBP/USD 1.6129 1.6163 -0.13 % USD/JPY 79.72 79.94 0.10 % EUR/CHF 1.2010 1.2013 0.00 % EUR/JPY 103.4 103.94 0.27 % Dow Jones 12810.39 13000.73 -0.58 % Nasdaq 2587.53 ...

U.S. Stocks slipped at the open on Tuesday, driving the Standard & Poor`s 500 Index to its lowest level in almost a month, as Greece Battles to put up a government amid increasing odds the nation could face default on its debt next month. Greece`s pro-bailout conservative party headed by Antonis Samaras late Monday failed to forge a coalition government following weekend election, giving the opportunity to the anti-austerity parity headed by Alexis Tsipras to step up with a new government. The hard-Left Syriza party now has the chance to take the wheel, which could be opposed by the International Monetary Fund and European Union. The coalition government has only 30 days to save the situation, as Greece faces the odds of defaulting on its debt. If truth be told, Greek default risk in on ...

Fundamental Analysis EUR Spain's credit rating was lowered by Standard & Poor's for a second time in 2012 on enduring worries the nation will have to apply additional fiscal backing to lenders as the economy shrinks. S&P cut its long term grade for Spain from A to BBB+ adding a negative outlook. Country's short term rating was lowered from A-1 to A-2, S&P agency reported on Thursday. USD Crude oil price declined from almost 4-week high in New York trade after S&P ratings agency cut Spain's sovereign credit rating, boosting concerns that further recession in Europe may halt demand for crude. Oil to be delivered in June lost USD 0.61, reaching USD 103.94 a barrel. June Brent oil gave up USD 0.49 and traded at USD 119.43 a barrel. GBP Today the Great Britain Pound extended its gains ...

(Reuters) - U.S. farmers this spring will seed the largest area with corn since World War Two as a mild and dry winter has raised expectations for a quick planting this spring , a Reuters poll of 24 analysts showed, signaling a boost to razor-thin stocks and lower prices in 2012. The survey showed that farmers were gearing up to plant 94.2 million acres, which could produce a record crop of 13.8 billion bushels based on a trendline yield of 161.4 bushels per acre. It would surpass the previous record of 13.1 billion in 2009. Farmers were expected to plant 75.3 million acres with soybeans, up slightly from last year's 75 million. Seeding of corn, used primary as livestock feed and to produce the gasoline additive ethanol, kicks off in the southern states in March and winds its way up to ...

Weekly Economic and Financial Commentary : 02/12/2011 U.S. Review Moderate Improvement in Economic Data The November employment report showed a big drop in the unemployment rate. However, the overall pace of job growth remains constrained. Housing market data this week indicated that new home sales rose modestly in October, while home prices continued their downward trajectory. The latest read on manufacturing sentiment from the ISM-manufacturing survey indicated that output continued to expand at a moderate pace despite the ongoing European debt crisis. Data Supports Stronger Growth in Q4 This week's data continued to reinforce our view for stronger fourth-quarter economic growth. The housing market data showed sales and new home construction have bottomed, while the ISM- ...

Commentary of the AUD/USD parity: The pair AUD/USD has validated on friday the breakout of 1.02, offering a new buy signal. The pair opened the week above 1.03 and is also validating a breakout of this level (new buy signal). The pair is currently making a pullback on this level. All indicators are bullish. We maintain to trade only long positions as far as 1.0150 is support. The breakout of 1.04 will give a new buy signal and open the way towards 1.05. In case of return below 1.0150, we will wait the breakout of 1.01 to advise short positions. See the previous analysis of the AUD/USD parity of October 14th, 2011 AUD/USD Analysis

The Weekly Bottom Line : 23/09/2011 HIGHLIGHTS OF THE WEEK United States A deterioration of the global economic growth outlook caused a worldwide sell-off in equities. U.S. Treasury yields are down sharply, and the U.S. dollar appreciated in tandem. The Federal Reserve announced additional policy actions to stimulate the faltering U.S. economy. Recent developments suggest the downside risks we highlighted in our latest quarterly economic forecast have intensified. Canada Financial market unrest reared its ugly head once again this past week. The Canadian dollar closed below parity relative to the greenback for the first time since January. The S&P/TSX composite index also slipped into bear territory for the first time since Lehman Brothers Holdings collapsed. The ...