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Parity The Parity BrokeTitle:
The Weekly Bottom Line : 05/02/2012
The Weekly Bottom Line : 05/02/2012
HIGHLIGHTS OF THE WEEK
United States
U.S. economic indicators for January point to renewed momentum in early 2012. Non-farm payrolls expanded by a vigorous 243K, and the unemployment rate fell to 8.3%.
Vehicle sales rose 4.6% to 14.1 million (SAAR) in January, reaching the highest level in over three and half years and surpassing the one-time shot in the arm provided by the cash for clunkers stimulus program.
ISM manufacturing and non- ...
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Dukascopy Afternoon Forex Overview : 23/01/2012
Fundamental Analysis
EUR
Germany and France are looking for the ways to relax the worldwide banks' capital rules to limit negative impact on the real economy. Finance ministers of France and Germany are going to call for special treatment for financial institutions that are involved in insurance business. Moreover, ministers will urge essential clauses of the Basel III guidelines on the basic capital requirements. Banks all over the world will be obliged to comply with Basel III requirements ...
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Dukascopy Afternoon Forex Overview : 20/01/2012
Dukascopy Fundamental Analysis
EUR
German court ruled in favor of Apple in the global lawsuit against Apple regarding the technological patents. The court also announced that Samsung will have the opportunity to appelate the court's decision; however, the company has not yet decided Whether the apellation will be submitted.
USD
Stock futures traded neutrally on Friday, as the company results were awatted by investors. GE and Google Inc. were in the spotlight after rather sisappointing bottom ...
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Dukascopy Morning Forex Overview : 19/01/2012
Fundamental Analysis
EUR
"The biggest challenge is to respond to the crisis in an adequate manner"
- Christine Lagarde, the IMF Managing Director
The International Monetary Fund is aiming to increase its lending capacity by 500 billion dollars to protect economies from the escalating euro zone debt crisis.
GBP
"Unemployment could become one of the main economic and political issues this year"
- Peter Dixon, an economist at Commerzbank AG
The number of people claiming unemployment benefits ...
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Oil slips, IMF optimism fades, demand outlook weak
Oil retreated on Wednesday as optimism spurred by talk the IMF may do more to help resolve the European debt crisis proved shortlived, with a gloomy demand outlook pressuring prices.
Front-month Brent crude was down 40 cents at $111.13 a barrel by 1432 GMT, after touching an intraday peak of
$112.20. U.S. oil gained 46 cents $101.17 a barrel.
Brent futures hovered in backwardation, just above parity, as prompt oil was priced comparably to forward futures, illustrating weaker demand at the ...
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Brent oil up, IMF talk supports risk appetite
(Reuters) - Oil gained on Wednesday as demand-sensitive assets got a boost from talk the IMF may do more to help resolve the European debt crisis, helping to temper worry about the outcome of crucial Greek debt restructuring.
Front-month Brent crude was 32 cents higher at $111.85 a barrel by 1214 GMT, after touching an intraday peak of
$112.20. U.S. oil gained 46 cents $101.17 a barrel.
Brent futures hovered in backwardation, just above parity, as prompt oil was priced comparably to forward ...
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Gold trades flat, technical resistance in focus
(Reuters) - Gold traded flat on Monday, moving in tandem with equities and riskier assets, as investors focused on technical resistance and kept fretting about the euro zone debt crisis.
Gold rose in early trade, then surrendered those gains after Germany and France warned Greece it will get no more bailout funds until it agrees with creditor banks on a bond swap. The precious metal's moves mirrored the euro and S&P 500 U.S. stock index, which also rose early and then gave up gains to trade ...
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Technical analysis of the AUD/USD parity on January 6th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday a return below 1.03 and is now going to test the support at 1.02.
The pair is still moving below its bullish slant (blue line).
Indicators are now mitigated.
We now advise to wait an exit of this range to take position:
- Long if 1.03 is broken. The breakout of 1.03 will give a new buy signal
- Short if 1.02 is broken. The breakout of 1.01 will give a new sell signal.
See the previous analysis of the AUD/USD ...
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Technical analysis of the AUD/USD parity on December 29th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has failed to break the resistance at 1.02 yesterday.
Then, the pair felt on 1.01 and is currently moviing below this level.
The pair is still moving above its bullish slant (blue line).
Indicators are mitigated.
We stay neutral between 1.0 and 1.01.
We advise to wait an exit of this range to take position:
- Long if 1.01 is broken. The breakout of 1.02 will give a new buy signal
- Short if 1.0 is broken. The breakout of 0.99 will give a new ...
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