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Previous Analysis Of The Eur/jpyTitle:
Technical analysis of the EUR/JPY pair on April 13th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has rebounded yesterday and just found resistance on 107.
Indicators stay globaly bearish.
We continue to advise short positions as far as 107 is resistance.
A return below 106 will comfort our bearish feeling.
The breakout of 105.50 will give a new sell signal and open the way towards 105.
In case of return above 107, we will wait the breakout of 108 to advise long positions.
See the previous analysis of the EUR/JPY pair of April 12th, 2012
EUR/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 12/04/2012
Fundamental Analysis
EUR
Germany's bond yield advanced after the country did not manage to meet maximum sales target. The average yield on the new benchmark 10-year bunds rose by six basis points, advancing to 1.71%. At the same time yields on two-year notes added four basis points approaching 0.13%.
USD
Natural gas futures fell below its key support level of 2.00 US Dollars per BTU, approaching 10-year low late on Wednesday as traders continued to sell off the fuel. Natural gas for May delivery traded at 1.98 US Dollars per BTU on the New York Mercantile Exchange, sinking by 2.39% in late US trade.
GBP
FTSE 100 index fluctuated between gains and losses on Thursday as government reported UK's trade deficit widened more than expected in February. Royal Dutch Shell tumbled 5% on news an ...
Title:
Dukascopy Morning Forex Overview : 12/04/2012
Fundamental Analysis
EUR
"The ECB should be preparing itself" for "the return of significant financial market tensions"
- Silvio Peruzzo, an economist at Royal Bank of Scotland Group Plc
Spanish "market conditions are not justified," said ECB Executive Board member Benoit Coeure on Wednesday. "Will the ECB intervene? We have an instrument, the securities markets program, which hasn’t been used recently but it still exists."
USD
"Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. import prices increased more than expected in March, 1.3 per cent, reflecting higher fuel costs, the Labor Department said Wednesday.
GBP
"The unusually warm weather in ...
Title:
Technical analysis of the EUR/JPY pair on April 12th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated a return above 106 and then made a pullback on this level as support.
All indicators are still bearish.
We continue to advise short positions as far as 107 is resistance.
The breakout of 105.50 will give a new sell signal and open the way towards 105.
In case of return above 107, we will wait the breakout of 108 to advise long positions.
See the previous analysis of the EUR/JPY pair of April 11th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on April 11th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has continues yesterday its bearish rally after a false return above 107.
Then, the pair has validated the breakout of 106, offering a new sell signal and is currently testing a return above this level.
All indicators are bearish.
We continue to advise short positions as far as 107.50 is resistance.
The breakout of 105 will give a new sell signal and open the way towards 104.
In case of return above 107.50, we will wait the breakout of 108 to advise long positions.
See the previous analysis of the EUR/JPY pair of April 10th, 2012
EUR/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 11/04/2012
Fundamental Analysis
EUR
"There are growing fears that the Spanish economy is caught in a pernicious circle"
- Nicholas Spiro, managing director of Spiro Sovereign Strategy
Spain’s efforts to calm investors with 10 billion euros in savings on education and health spending failed to stem concerns the nation may need additional capital if the economy weakens more than expected.
USD
"Europe is a temporary concern. The market is signaling they haven’t fixed the whole problem"
- James Swanson, chief investment strategist at MFS Investment Management
U.S. stocks extended losses on Tuesday as Spain’s plan for more austerity failed to halt drop in bond prices.
GBP
"We now know that there will not be any new money printing and the rally in European equities appears to be over"
- Stewart ...
Title:
Dukascopy Afternnon Forex Overview : 10/04/2012
Fundamental Analysis
EUR
Spanish banks are likely to need additional funds as economic state of the country has continued to deteriorate, announced Miguel Angel Fernandez Ordonez from bank of Spain. Spanish banks are facing next round of increase in bad loans as country enters the second wave of crisis in the last three years. Experts predict Spain to apply for a new bailout in the nearest future.
USD
US wholesalers outperformed their sale forecasts in February, as they tried to keep up with the growing demand. Wholesale inventories rose 0.9% - slightly higher than the 0.5% forecast. The Sales grew by 1.2%, unchanged from January.
GBP
Bank of England reported that recent monetary policy easing by the ECB is not expected to improve the labour market in the region. The rate of ...
Title:
Dukascopy Morning Forex Overview : 10/04/2012
Fundamental Analysis
EUR
"...markets have been overoptimistic after the extra liquidity provided by (the European Central Bank). We will see stocks moving lower"
- Christian Tegllund Blaabjerg, chief economist at FIH Erhvervsbank
Shares closed mixed on Thursday. The Stoxx Europe 600 Index gained 0.12 per cent to 259.07. Germany's DAX Index retreated 0.13 per cent and France's CAC 40 Index gained 0.19 per cent. The U.K.'s FTSE 100 Index rose 0.35 per cent to 5,723.67.
USD
"The economy does continue to grow, but slowly"
- John Carey, a fund manager at Pioneer Investments
U.S. stocks fell on Monday after a report showed the U.S. economy added less jobs than expected.
GBP
"Negative sentiment turned positive as Spanish bond yields retreated following an earlier spike"
- Angus Campbell, the ...
Title:
Technical analysis of the EUR/JPY pair on April 10th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY just faked a return above 107 and found resistance on 107.50.
All indicators are bearish.
The price is now far from its former bullish slant (purple line).
We continue to advise short positions as far as 108 is resistance.
The breakout of 106 will give a new sell signal and open the way towards 105.
In case of return above 108, we will wait the breakout of 109 to advise long positions.
See the previous analysis of the EUR/JPY pair of April 9th, 2012
EUR/JPY Analysis
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