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Previous Analysis Of The Eur/jpyTitle:
Dukascopy Afternnon Forex Overview : 14/03/2012
Dukascopy Fundamental Analysis
EUR
Italy managed to sell EUR 6 billion of its 3-year notes with borrowing costs declining to the lowest reading since October 2010 as ECB loans supported demand. The yield on Italian 3-year bill slipped two basis points to 2.66%. The borrowing costs on benchmark 10-year notes also gave up two basis points, attaining 4.87% compared to 7.26% in November 25.
USD
Ben Bernanke, Head of Fed, announced on his speech today that policy makers expect a moderate economic growth. Additionally, Bernanke forecasted a decreasing unemployment level and subdued inflation. Economic experts claim that the untraditional fiscal measures implemented by the Fed are finally giving returns.
GBP
The number of UK unemployment claims surged more than expected in February and the ...
Title:
Dukascopy Morning Forex Overview : 14/03/2012
Fundamental Analysis
EUR
The eurozone crisis appears to have "taken a pause for breath"
- Wolfgang Franz, ZEW president
An index of German investor confidence rose to 22.3 in March, the highest level in more than 20 months, from 5.4 in February, said the ZEW Centre for European Economic Research on Tuesday. ZEW sentiment is based on a survey conducted among 350 German investors and analysts, who are asked to assess the six-month economic outlook.
USD
"The economy is moving towards a self-sustaining recovery"
- Jeffrey Saut, chief investment strategist at Raymond James & Associates
U.S. month on month retail sales grew at a fastest pace in five months in February, suggesting the worlds largest economy is gaining steam even despite rising gasoline prices, said the Census Bureau on ...
Title:
Technical analysis of the EUR/JPY pair on March 14th, 2012
Commentary of the EUR/JPY pair :
The pair is still moving above its medium term bullish slant (purple line).
All indicators are still bullish.
We continue to advise long positions as far as 107.50 is support.
The breakout of 109 and 110 will both give a new buy signal.
In case of return below 107.50, we will wait the breakout of 107 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 13th, 2012
EUR/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 13/03/2012
Dukascopy Fundamental Analysis
EUR
European governments urged Spain to implement larger budged deficit cuts to prevent debt crisis from returning to the region. 10 days ago Spanish PM Rajoy unilaterally increased Spain's deficit target to 5.8% of GDP for year 2012 and claimed the country will aim to attain region's common target of maximum 3% in 2013. The announcement was not praised by region's officials who recently signed fiscal discipline treaty.
USD
US federal budget deficit widened more than expected in February, reported Department of the Treasury. The US federal budget balance declined to minus 231.7 billion US Dollars on a seasonally adjusted basis in February as compared to minus 27.4 billion US Dollars in January. Experts predicted the deficit to attain 229.3 billion US ...
Title:
Technical analysis of the EUR/JPY pair on March 13th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found support yesterday on 10750 - level of the fibonacci retracement 23.60%.
The pair is still moving above its medium term bullish slant (purple line).
All indicators are still bullish.
We continue to advise long positions as far as 107 is support.
The breakout of 108.50 and 109 will both give a new buy signal.
In case of return below 107, we will wait the breakout of 106 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 12th, 2012
EUR/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 13/03/2012
Fundamental Analysis
EUR
"Now we have a sustainable debt for a sustainable country"
- Evangelos Venizelos, Greek Finance Minister
Greece’s successful bond swap deal should reassure markets about the nation’s future, said Greek Finance Minister Evangelos Venizelos on Monday.
USD
"The market in pause mode, looking for anything out of the FOMC which is going to give the market some sort of direction"
- Peter Kenny, managing director at Knight Capital
The Standard & Poor's 500 gained 0.02%, or 0.22 points, to 1,371.09. The Dow Jones Industrial Average grew 0.29%, or 37.69 points, to 12,959.71. The Nasdaq Composite Index, on the other hand, lost 0.16%, or 4.69 points, to 2,983.66.
GBP
"Sentiment has soured over the weekend"
- Jonathan Sudaria, a trader at Capital Spreads
The benchmark ...
Title:
Dukascopy Afternnon Forex Overview : 12/03/2012
Dukascopy Fundamental Analysis
EUR
Nicolas Sarkozy, France's President, said that the country may consider withdrawing for Schengen zone unless more efforts are put in stopping illegal immigration. Sarkozy speaking at President's election rally stressed that the progress has to be made during next 12 months otherwise France will exit Schengen zone. Illegal immigration is expected to be the core issue during elections in France.
USD
Crude oil futures eased down during the Asian session on Monday as traders started to cash out from the market after crude oil moved higher on the positive US labour data. Light, sweet crude oil futures for April delivery traded at 106.92 US Dollars per barrel on the New York Mercantile Exchange, tumbling.
GBP
According to Lloyds Bank Corporate Markets, ...
Title:
EUR/JPY Daily technical analysis - March 2012
The pair EUR/JPY continues to move into its falling wedge. The pair met resistance on 110 at the end of February.
Resistance 2 :120
Resistance 1 : 115
Key level : 110
Support 1 : 105
Support 2 : 100
Support 3 : 95
Support 4 : 90
On the long term:
The trend is clearly bearish as far as the pair is moving into its falling wedge.
The breakout of 100/95/90 will all give a new sell signal.
We will wait the breakout of 110 to see the trend become bullish.
On the short term:
The trend is bearish as far as 105 is resistance.
The breakout of 110 and 115 will both give a new buy signal.
In case of return below 105, the trend will become bearish.
Previous EUR/JPY Daily Analysis - February 2012
Title:
Dukascopy Morning Forex Overview : 12/03/2012
Fundamental Analysis
EUR
"The debt-swap results show that international markets see the prospects the Greek economy has to regain a sustainable fiscal situation"
- Evangelos Venizelos, Greek Finance Minister
Greece pushed through the bond swap offer averting the immediate threat of an uncontrolled default and opening the way for a second rescue package.
USD
"The labor market has found its legs in the last few months, and it looks like there’s enough of a broad base that the momentum can be sustained"
- Julia Coronado, chief economist for North America at BNP Paribas
Employment grew for a third consecutive month in February, a sign the economic recovery is gaining momentum. Employers added 227,000 jobs to their payrolls, the Labor Department said on Friday, while the unemployment ...
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