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Parity The Parity OpenedTitle:
Dukascopy Morning Forex Overview : 20/01/2012
Fundamental Analysis
EUR
"Spain is showing the market there’s ample demand for their paper"
- Padhraic Garvey, head of developed markets debt strategy at ING Bank NV
France and Spain, both downgraded by Standard & Poor’s last week, paid lower borrowing costs on Thursday, compared to their previous auctions, a sign the ECB’s refinancing operation alleviated market concern over the Europe’s debt crisis.
USD
"You’ve got a gradual improvement in the labor market"
- Brian Jones, a senior U.S. ...
Title:
Dukascopy Afternoon Forex Overview : 19/01/2012
Dukascopy Fundamental Analysis
EUR
Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in the first months of 2012 but strengthen later fuelled by increase in employment, and stronger growth. Domestic consumption is predicted to surge 1.1% this year compared to 2.2% in 2011.
USD
Kodak announced that the company and its subsidies located in the US ...
Title:
Dukascopy Afternoon Forex Overview : 18/01/2012
Dukascopy Fundamental Analysis
EUR
Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January.
USD
Goldman Sachs reported a profit drop of 58% today, and the fall in revenues was followed by a deep ...
Title:
Technical analysis of the AUD/USD parity on November 28th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD has failed to break the support at 0.97.
The pair opened the week on a bullish gap above 0.98 and is going to test 0.99.
Indicators are getting globaly bullish.
We stay neutral between 0.98 and 0.99.
We advise to wait an exit of this range to take position:
- Long if 0.99 is broken. The breakout of 1.0 will give a new buy signal
- Short if 0.98 is broken. The breakout of 0.97 will give a new sell signal.
See the previous analysis of the ...
Title:
Some Relief
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
Investors still appear willing to engage in some tactical risk-on during the Asia session as several points of clarification gave investors reason to be less risk-averse. Firstly, it is now clear that France is still a AAA country and second, Greece now has a technocratic government, with strong hints that Italy could follow. Former ECB vice-President Lucas Papademos said Greece’s continued membership of the Eurozone would facilitate Greece’s ...
Title:
Euro Bears gather
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
FX markets consolidated yesterday’s sharp moves overnight but risk appetite stayed broadly weak with Asian equities catching up on the falls in the US and Europe yesterday. Focus will be on the Italian debt markets again after the volatile price action seen yesterday, where yields at all points on the Italian sovereign curve closed above 7% for the first time since the launch of the euro, with the exception of 3m bills. Italy aims to sell up to EUR5 ...
Title:
Asian stocks rally, EU deal boosts risk appetite
(Reuters) - Asian stocks are poised for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis encouraged investors to put money back into riskier assets such as the euro and commodities.
Higher trading volumes on Thursday suggest the rally is likely to continue near term as credible measures to contain the euro zone crisis sparked short-covering across the board.
The dollar steadied after nursing heavy losses, having suffered its biggest decline in ...
Title:
Technical analysis of the AUD/USD parity on October 17th, 2011
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 ...
Title:
Technical analysis of the AUD/USD parity on September 19th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD reached the resistance at 1.04 on friday.
The pair opened the week on a bearish gap below 1.03 and is currentlu moving towards 1.02.
Indicators are globaly bearish.
We maintain to trade only short positions as far as 1.03 is resistance.
The breakout of 1.02 will give a new sell signal and open the way towards 1.01.
However, if 1.03 is broken, we will wait the breakout of 1.04 to advise long positions.
See the previous analysis of the AUD/ ...
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