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ParityTitle:
Technical analysis of the AUD/USD parity on April 24th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated the breakout of 1.03, offering a sell signal.
The pair continues to move on the upper band of its medium term bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.0350 is resistance.
The breakout of 1.0250 will give a new sell signal and open the way towards 1.02.
In case of return above 1.0350, we will wait the breakout of 1.04 to advise long positions.
See the previous analysis of the AUD/USD parity of April 23th, 2012
AUD/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 23/04/2012
Dukascopy Fundamental Analysis
EUR
Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times.
USD
Stock index futures indicated a lower opening on today’s USA session on the EU concerns. Additionally, news from Wal-mart on a possible bribery case had negative influence on stock indices.
GBP
According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently overgoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, ...
Title:
AUD - Preview: CPI Data Key to RBA Rate Cuts and Aussie Direction
Release: AUS CPI q/q (1Q)
Consensus Forecast: 0.8%
Previous: 0.0%
Release: AUS CPI y/y (1Q)
Consensus Forecast: 2.2%
Previous: 3.1%
Date/Time: 04/23/12 9:30PM EDT (01:30 GMT, 4/24/12)
CPI Data Key to RBA Rate Cuts
In the upcoming Asian session we will get the release of the Australian CPI data for the first quarter. We had a prelude, the curtain opener, to that report in Monday's mornings Asian session as producer prices in Australia fell 0.3% in the first quarter, a reading that was a good deal below the forecast a 0.5% gain. With producer prices falling that should filter down into weaker consumer prices in the coming quarter and should mean that inflation pressures remain subdued.
In terms of consumer prices, CPI is expected to climb 0.8% in the first quarter, the the annual pace ...
Title:
USD, JPY Gain Amid Political Uncertainty, Soft PMI's
USD is higher after rising political uncertainty in Europe and disappointing PMI's sent risk sharply lower. European equities are broadly and significantly lower with most of the major indices down well over -2%, Asian markets finished in the red, and U.S. stock futures are currently down about -1%. The dollar index is rebounding after last week's decline and is approaching the base of the daily cloud and Tenkan line which converge around the 79.65 level. The buck is stronger against all of the G10 currencies with the expection of the yen which is also being support on risk aversion flows. There are no economic data releases of note out of the US today.
EUR weaker amid increasing political uncertainty, specifically in Netherlands and France. The failure of Dutch austerity talks suggest ...
Title:
Dukascopy Morning Forex Overview : 23/04/2012
Fundamental Analysis
EUR
"Ifo index paints a too positive picture of the growth prospects for the German economy"
- Carsten Brzeski, senior economist at ING Group
German business confidence unexpectedly improved in April, a sign the euro zone’s largest economy is weathering Europe’s debt crisis. Ifo business climate index, which is based on a survey of 7,000 businesses, rose to 109.9 points from 109.8 points in March.
USD
"A strong Germany helps the euro massively, and helps other assets too"
- Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank Ltd.
U.S. stocks closed mixed on Friday while German investor confidence unexpectedly improved and blue chip companies from General Electrics to Microsoft reported better than expected earnings.
GBP
"While the month of March ...
Title:
Technical analysis of the AUD/USD parity on April 23th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has faked a return above 1.0350 last friday and is currently falling below this level.
The pair continues to move above the upper band of its medium term bearish channel (purple lines).
All indicators are bearish.
We now advise to trade the pair according to the key level at 1.04:
- Only short positions below 1.04. The breakout of 1.03 will give a new sell signal.
- Only long positions above 1.04. The breakout of 1.0450 and 1.05 will both give a new buy signal.
See the previous analysis of the AUD/USD parity of April 20th, 2012
AUD/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 20/04/2012
Fundamental Analysis
EUR
Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times.
USD
The American session also gained from the higher-than-estimated German Ifo business climate reading released today. The increase in stocks was also accompanied by a gain in commodity prices and a decline of treasury yields.
GBP
British FTSE 100 index traded modestly higher on Friday as data showed UK retail sales rallied in March, reaching 1.8% growth instead of predicted 0.4% gain. IMI Plc jumped 1.8% after engineering group reported an ...
Title:
Dukascopy Morning Forex Overview : 20/04/2012
Fundamental Analysis
EUR
"The debt crisis is far from over still and I think Spain will be worse before it gets better"
- Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB
Spain sold 2.54 billion euros of debt dated 2014 and 2022 on Thursday, above the target range of 1.5 to 2.5 billion euros for the auction.
USD
"Progress in the labor market is not quite as strong as people had hoped, but we are still on a recovery track here"
- Scott Brown, chief economist at Raymond James & Associates Inc.
The number of Americans claiming for unemployment benefits declined by 2,000 to 386,000 in the week ended April 14 from the week before, said the Department of Labor on Thursday.
GBP
"Economic data does look like it is showing some stabilization"
- Samantha Fitzpatrick, senior ...
Title:
Technical analysis of the AUD/USD parity on April 20th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.0350, offering a new sell signal.
The pair continues to move above the upper band of its medium term bearish channel (purple lines).
All indicators are bearish.
We now advise to trade the pair according to the key level at 1.04:
- Only short positions below 1.04. The breakout of 1.03 will give a new sell signal.
- Only long positions above 1.04. The breakout of 1.0450 and 1.05 will both give a new buy signal.
See the previous analysis of the AUD/USD parity of April 19th, 2012
AUD/USD Analysis
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