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Parity The Parity Is CurrentlyTitle:
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:
Dukascopy Afternoon Forex Overview : 14/02/2012
Dukascopy Fundamental Analysis
EUR
European industrial production fell in December, weighted down by a drop in Germany, fuelling concerns the region might be entering in a new recession wave. The output in Euro Zone declined 1.1% in December compared to November. Analysts predicted a decline of 1.2%. On yearly basis production diminished 2%.
USD
A significant drop in automobile sales caused a slide in the amount of overall retail sales in January, Commerce Department reported today. Retail sales rose less (+0.4%) than expected (+0.8%). However, sales excluding automobiles increased by 0.7%, the greatest climb since March, 2011.
GBP
UK consumer prices posted a 0.5% monthly drop in January, said the UK National Statistics Office on Tuesday. The annual consumer price index slowed from 4.2% ...
Title:
Dukascopy Morning Forex Overview : 14/02/2012
Fundamental Analysis
EUR
" is a crucial step forward toward the adoption of the second program"
- Olli Rehn, EU Economic and Monetary Affairs Commissioner
Germany and the European Commission welcomed Greek approval of additional austerity measures required to secure a 130 billion euro bailout from international lenders.
USD
"It’s a continuation of the bull market and we’re encouraged by what we are seeing in Europe"
- Laszlo Birinyi, president of Birinyi Associates Inc.
U.S. stocks rose on Monday after Greek lawmakers turned austerity plan into law to secure rescue funds from the International Monetary Fund and Europe.
GBP
"Growth is starting again because we’ve got tentative signs of optimism"
- John Cridland, CBI Director-General
The Confederation of British Industry said the nation ...
Title:
Dukascopy Afternoon Forex Overview : 13/02/2012
Dukascopy Fundamental Analysis
EUR
Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days.
USD
US customer confidence fell more than predicted in early February as improving employment data did not manage to offset worries about steady wages.
GBP
After a sharp decline on Friday, British FTSE 100 index rebounded on Monday, climbing 1%, helped by financial and resource shares as investors digested news about parliamentary approval of Greece austerity plan.
CHF
Swiss producer and import prices fell in January as appreciating Switzerland's currency and weaker demand from Euro Zone drove costs down, said Swiss Federal Statistics ...
Title:
Technical analysis of the AUD/USD parity on February 10th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD failed to break the resistance at 1.08 yesterday and is currently moving just below 1.07.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
We stay neutral as far as the pair is moving between 1.06 and 1.07.
We advise to wait an exit of this range to take position:
- Long if 1.07 is broken. The breakout of 1.08 will give a new buy signal.
- Short if 1.06 is broken. The breakout of 1.06 will give a new sell signal.
See the previous analysis of the AUD/USD parity of February 9th, 2012
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on February 7th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has found support yesterday on 1.07 and is currently testing again the resistance at 1.08.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.0650 is support.
The breakout of 1.08 and 1.09 will both give a new buy signal.
In case of return below 1.0650, we will wait a breakout of 1.06 to advise short positions.
See the previous analysis of the AUD/USD parity of February 6th, 2012
AUD/USD Analysis
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U.S. farmers to plant largest corn area in 68 years: poll
(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 ...
Title:
Technical analysis of the AUD/USD parity on January 27th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD found resistance yesterday below 1.07 to make a pullback on 1.06.
The pair is currently trying to rebound.
The pair is moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.05 is support.
The breakout of 1.07 and 1.08 will both give a new buy signal.
In case of return below 1.05, we will wait a breakout of 1.04 to advise short positions.
See the previous analysis of the AUD/USD parity of January 26th, 2012
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on January 24th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.05, offering a new buy signal.
The pair is currently testing a pullback on this level.
The pair is moving above its falling wedge and above a bullish slant (blue line)
All indicators are bullish.
We continue to advise long positions as far as 1.04 is support.
The breakout of 1.06 and 1.07 will both give a new buy signal.
In case of return below 1.04, we will wait a breakout of 1.0350 to advise short positions.
See the previous analysis of the AUD/USD parity of January 23th, 2012
AUD/USD Analysis
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