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Previous Analysis Of The Eur/chfTitle:
Dukascopy Afternnon Forex Overview : 02/04/2012
Fundamental Analysis
EUR
17-country FMs voted in favour of a firewall package adding EUR 500 billion (USD 667 billion) fresh rescue cash to EUR 300 billion already provided to bailout programs. The overall firewall size now totals USD 1 trillion plus about EUR 1 trillion ECB aid to the region's lenders. Europe has met the requirements and now awaits talks with IMF on April 20 to get more support, French FM Francois Baroin said over the weekend.
USD
US car sales are likely to have remained strong last month, say auto producers. The sales are likely to have climbed at the fastest pace in the last four years in the March quarter amid improved outlook on the US economy. Strong US sales are likely to have offset weak demand from the Euro Zone, the auto makers added.
GBP
UK home prices ...
Title:
Dukascopy Morning Forex Overview : 02/04/2012
Technical Analysis
EUR/USD
"Raising the size of the euro zone bailout fund will be supportive for the euro, although the market is already aware of it"
- JP Morgan Private Bank (based on CNBC)
Rally of EUR/USD is unlikely to appear on the chart on the occasion of the fact that a number of significant resistances are located in close proximity of the current price - 1.3379, 1.3435 and 1.3487.
EUR/JPY
"The worse-than-expected Tankan survey seems to be fueling talk that the BOJ will ease policy further"
- Forecast Pte (based on Bloomberg)
Despite a recent failure of EUR/JPY to overcome resistance at 111.57, the currency couple is anticipated to make another attempt to breach it.
GBP/USD
"The expectation from the OECD that the UK is about to fall into another recession makes quantitative ...
Title:
Technical analysis of the EUR/CHF pair on April 2nd, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has validated last friday the breakout of 1.2050, offering a new sell signal.
The volatility on the pair is still very low.
Indicators are globaly bearish.
We continue to advise short positions as far as 1.2070 is resistance.
The breakout of 1.2030 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2070, we will wait the breakout of 1.2080 to advise long positions.
See the previous analysis of the EUR/CHF pair of March 30th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternnon Forex Overview : 30/03/2012
Dukascopy Fundamental Analysis
EUR
17-nation currency advanced to one-month record high versus US Dollar on speculations EU finance ministers will support the increase of rescue funds. Euro climbed 0.4% against greenback to USD 1.3349 and was poised for third weekly gain. Common currency dropped 0.2% versus Yen to JPY 109.49. Currently EUR/USD is trading at USD 1.3356.
USD
China's imports from the US hit 100 billion US Dollars in 2011, reported US-China Business Council. The US exported goods and services worth 103.9 billion US Dollars to China last year, indicating a 542% increase over the 10-year period. China is the third largest importer of the US goods and services; however, the US plans to more than double its exports to China by 2014, said Barak Obama.
GBP
UK GfK consumer ...
Title:
Dukascopy Morning Forex Overview : 30/03/2012
Dukascopy Technical Analysis
EUR/USD
"The euro has been on a firm footing. Should European finance ministers agree to beef up the rescue fund, the euro may get a bit firmer."
- Mizuho Securities Co. (based on Bloomberg)
The pair remains pretty resilient after the S&P announcement Greece might require another bailout package to restructure its debt and is capable of approaching the recent high at 1.3449.
EUR/JPY
"European Union discussions on the scale of the ESM (European Stability Mechanism), the Spanish government's 2012 budget plan and the China PMI figure... ahead of this, as well as all the U.S. data, the market is cautious."
- SMBC Friend Securities (based on CNBC)
As anticipated, EUR/JPY slipped lower yesterday ahead of the 111.57 level (intervention high).
GBP/USD
"With the UK ...
Title:
Technical analysis of the EUR/CHF pair on March 30th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF is again testing the major support at 1.2050.
Indicators are neutral.
We continue to advise short positions as far as 1.2070 is resistance.
The breakout of 1.2050 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2070, we will wait the breakout of 1.2080 to advise long positions.
See the previous analysis of the EUR/CHF pair of March 29th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternnon Forex Overview : 29/03/2012
Dukascopy Fundamental Analysis
EUR
Thousands of people in Spain are going participate in the general strike against the new reform. The reform stipulates reduction of the maximum severance payment to 33 days' remuneration from 45 days currently provided. The measure is aimed at combating with unemployment and saving billions of Euros for the country. However, labour unions claim the legislation will ease firing for the companies.
USD
US unemployment claims increased sharply last week to 359K despite positive sentiment on the market and analyst consensus forecast of 351K. The latest reading indicates a sharp increase of this indicator, as the previous week's reading stood at 348K.
GBP
The average house price in the UK declined by 1% this month while taken annualized rate home prices ...
Title:
Technical analysis of the EUR/CHF pair on March 29th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF is going to test the major support at 1.2050.
Indicators are neutral.
We continue to advise short positions as far as 1.2070 is resistance.
The breakout of 1.2050 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2070, we will wait the breakout of 1.2080 to advise long positions.
See the previous analysis of the EUR/CHF pair of March 28th, 2012
EUR/CHF Analysis
Title:
Dukascopy Afternnon Forex Overview : 28/03/2012
Dukascopy Fundamental Analysis
EUR
Magyar Nemzeti Bank may keep its benchmark interest rate unchanged at 7% for a third straight month, analysts said on Tuesday. The central bank is likely to stick to highest interest rate in European Union due to a delay in receiving IMF loan. The Forint strengthened 0.3% versus Euro to HUF 290.
USD
US February core durable goods orders reading was in line with the forecast at 1.6%, after a sharp fall of 3.0% in January. Durable goods orders rose by 2.2% last month, underperforming versus the forecast of 3.0%.
GBP
British FTSE 100 declined on Wednesday as data showed the revised British GDP in the 4th quarter declined 0.3% compared to previous estimate of 0.2%. Banks and miners drove the index lower with Barclays PLC and Lloyds Banking Group PLC each ...
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