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Previous Analysis Of The Eur/jpyTitle:
Technical analysis of the EUR/JPY pair on May 11th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move into its bearish slant (purple line).
The pair has faked yesterday a return above 103.50 and is currently testing again the support at 103.
All indicators are bearish.
We continue to advise short positions as far as 104 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104, we will wait the breakout of 104.50 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 10th, 2012
EUR/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 10/05/2012
Fundamental Analysis
EUR
"The real concern isn’t about Greece, it’s about the euro and whether it breaks up -- that is key."
- Mark Tinker, a fund manager at AXA Framlington Investment EUR Management
European stocks declined on Wednesday as investors awaited resolution of Greek coalition talks and yields on Spanish 10-year bonds rose above 6 per cent.
USD
"Certainly as a result of the elections in Greece, the odds of a default and an exit from the euro have increased."
- James Dunigan, chief investment officer for PNC Wealth Management
U.S. wholesale inventories rose in March at a slowest pace since November, Commerce Department data showed on Wednesday.
GBP
"Consumers, struggling to balance their household budgets, remain reluctant to spend..."
- Stephen Robertson, BRC director ...
Title:
Technical analysis of the EUR/JPY pair on May 10th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of 103.50, offering a new sell signal.
The pair just found support on 103 and is currently trying to rebound.
All indicators are bearish.
The pair is still moving below a bearish slant (purple line).
We continue to advise short positions as far as 104 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104, we will wait the breakout of 104.50 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 9th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on May 9th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday a return below 104, comforting our bearish feeling.
The pair is currently testing the next support at 103.50.
All indicators are bearish.
The pair is still moving below a bearish slant (purple line).
We continue to advise short positions as far as 104.50 is resistance.
The breakout of 103.50 will give a new sell signal and open the way towards 103.
In case of return above 104.50, we will wait the breakout of 105 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 8th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on May 8th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found support yesterday on 103.50 to made a pullback on 104.50.
The pair is currently moving towards 104 and is still moving below a bearish slant (purple line).
All indicators are still bearish.
We continue to advise short positions as far as 104.50 is resistance.
A return below 104 will comfort our bearish feeling.
The breakout of 103.50 will give a new sell signal and open the way towards 103.
In case of return above 104.50, we will wait the breakout of 105 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 7th, 2012
EUR/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 04/07/2012
Dukascopy Fundamental Analysis
EUR
France has elected new president, Francois Hollande who polled about 52% of the votes. Mr Hollande said that he is proud to return hope to people again. He also announced that he would attempt to rework deal regarding sovereign debt in the Euro Zone countries to promote economic expansion.
USD
The smalest payroll increase in last 6 months has not influenced the investors who still do not forecast another wave of recession in the US. Better housing and employment data has encouraged experts to believe that from the fundamental perspective the world's largest economy is on the path to recovery.
GBP
May 7 was a bank holiday in Great Britain.
CHF
The official SNB exchange rate for EUR/CHF is 1.2013 today; yield on 10-year Swiss Confederation bonds ...
Title:
Euro Testing Key Support Levels
Sunrise Market Commentary
- Fixed Income Weak US payrolls push core bonds higher again
- On Friday, it was weaker US payrolls that helped core bonds eke out more gains, but non-core bonds held up quite well. Spreads even narrowed in the intra-EMU bond markets. We fear that this won't be the case today, as French and Greek election results inject uncertainty into markets.
- Currencies: Euro testing key support levels
- On Friday, trading in the major euro cross rate was rather calm, but the pressure remained to the downside. The US payrolls were unable to change this pattern. This morning, EUR/USD is testing the key 1.2974 support while EUR/GBP is trading south of the 0.8068 level. A sustained break below these levels would raise a red alert for the single currency.
The ...
Title:
Dukascopy Morning Forex Overview : 07/05/2012
Fundamental Analysis
EUR
"The U.S. labor-market report will further erode investor confidence"
- Markus Allenspach, head of bond research at Julius Baer Group Ltd.
European stocks extended weekly losses, after a report showed U.S. companies added fewer jobs than expected in April. The Stoxx Europe 600 Index erased 1.76 per cent to 253.00. Germany’s DAX Index tumbled 1.99 per cent and France’s CAC 40 Index contracted 1.90 per cent. The U.K.’s FTSE 100 Index lost 1.93 per cent to 5,655.06.
USD
"We’re still very much on the recovery path, but we’ve got a huge amount of ground to make up in the labor market"
- Scott Brown, chief economist at Raymond James & Associates Inc.
The number of Americans, who have found a job in the private sector in April, tumbled to 115,000 from 154,000 the ...
Title:
Technical analysis of the EUR/JPY pair on May 7th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY is opening the week on a bearish gap and has validated the breakout of 105.50/105/104.50/404, offering all new sell signals.
The pair just found support on 103.50 and is going to test a return above 104.
All indicators are bearish.
We continue to advise short positions as far as 104.50 is resistance.
The breakout of 103.50 will give a new sell signal and open the way towards 103.
In case of return above 104.50, we will wait the breakout of 105 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 4th, 2012
EUR/JPY Analysis
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