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Previous Analysis Of The Eur/usdTitle:
Dukascopy Afternoon Forex Overview : 05/16/2012
Dukascopy Fundamental Analysis
EUR
Stoxx Europe 600 index have dropped for third consecutive day and reached the lowest level since the start of this year as specialists speculate that elections in Greece could take place as early as 10 of June. The index lost 0.5% of its value by noon in London and around 10% from its peak this year in mid-March.
USD
Facebook increases the share offering by 25% to 421.2M shares to collect near $16B. At the offering's price of $34-$38 per share Facebook is rushing towards the largest technology IPO in the history. Production of utilities, mines and factory's in the U.S. surpassed expected 0.6% level and increased by 1.1% in April.
GBP
The number of unemployed people for January-March decreased to 2.63 million, 45,000 down on the quarter, the Office for ...
Title:
Dukascopy Morning Forex Overview : 05/16/2012
Fundamental Analysis
EUR
"Germany is holding up the rest of the euro zone”"
- Nick Kounis, head of macroeconomic research at ABN Amro
Germany helped the Eurozone avoid its second recession in three years. Overall gross domestic product stagnated in the first three months of 2012, compared to the previous quarter, Eurostat data showed on Tuesday.
USD
"There’s a lot of slack in the economy"
- Scott Brown, chief economist at Raymond James & Associates Inc.
Inflation in the U.S. stagnated in April, restrained by a decline in energy costs. The core consumer price index, which excludes food and energy costs, rose 0.2 per cent, showed Bureau of Labor Statistics data on Tuesday.
GBP
"March's UK trade figures showed a bit of an improvement, although the external sector still looks likely to ...
Title:
Technical analysis of the EUR/USD pair on May 16th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.28 and 1.2750 both gave us a new sell signal.
Currently, the pair is testing the next support at 1.27.
This level match with the lower band of its bearish channel (black lines).
The opening bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.2850 is resistance.
The breakout of 1.27/1.2650/1.26 will all give a new sell signal.
In case of return above 1.2850, we will wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 15th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 05/15/2012
Dukascopy Fundamental Analysis
EUR
Investors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece edged that country closer to an exit from the euro zone.
USD
Retail sales in the U.S. rose in April at the slowest pace of the year, showing unseasonably mild weather and pre-Easter shopping may have pulled consumers to stores the prior month.
GBP
Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead.
CHF
Swiss stocks lost ground on Monday on concern Greece will exit the Eurozone.
...
Title:
Speculation On Grexit Continues To Hammer The Euro
Sunrise Market Commentary
- Fixed Income: Global core bonds profit from euro debt crisis
- Concerns about Greece and Spain underpinned the ongoing rally of global core bonds. The German 10-year yield fell below 1.50%. Intra-EMU yield spreads versus Germany widened substantially. Today, the eco calendar is enticing. If no euro debt crisis news acts as a circuit breaker, the eco data may for once drive the price action.
- Currencies: Speculation on Grexit continues to hammer the euro.
- At the start of the new trading week, the Greek crisis remained the key factor for currency trading. With no visibility on the outcome of the EMU crisis, the easiest way for the euro is south. EUR/USD set a new correction low. EUR/GBP dropped below the 0.8000. This morning, strong German ...
Title:
Technical analysis of the EUR/USD pair on May 15th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.2850 gave us a new sell signal.
The opening bearish gap is still not filled in.
All indicators are bearish.
The pair is still moving below the lower band its medium term bearish channel (purple lines) and seems to move on a short term bearish channel (black lines).
We continue to advise short positons as far as 1.2950 is resistance.
The breakout of 1.28 and 1.2750 will both give a new sell signal.
In case of return above 1.2950, we will wait the breakout of 1.30 to advise long positions.
See the previous analysis of the EUR/USD pair of May 14th, 2012
EUR/USD Analysis
Title:
Technical analysis of the EUR/USD pair on May 14th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made last friday a pullback on the lower band of its medium term bearish channel (purple lines).
The pair has opened the week on a bearish gap and has validated the breakout of the support at 1.29.
The bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.30 is resistance.
The breakout of 1.2850 and 1.28 will both give a new sell signal.
In case of return above 1.30, we will wait the breakout of 1.3063 to advise long positions.
See the previous analysis of the EUR/USD pair of May 11th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 04/11/2012
Dukascopy Fundamental Analysis
EUR
European stocks declined as company earnings missed estimates, talks on forming a Greek government entered a fifth day and JPMorgan Chase & Co. posted a $2 billion trading loss. Asian shares and U.S. futures fell.
USD
Wholesale prices in the U.S. fell in April for the first time in four months, led by a decline in fuel costs that signals inflation may cool. The producer price index dropped 0.2 percent after no change in March, Labor Department figures showed today in Washington.
GBP
Britons turned gloomier last month as a slump in construction pointed to an even deeper recession and producers ramped up prices, highlighting the long and difficult road back to economic health.
CHF
Swiss stocks fell for the seventh day, heading for the biggest weekly ...
Title:
Technical analysis of the EUR/USD pair on May 11th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made a pullback yesterday on the lower band of its bearish channel (purple lines).
The pair has validated the breakout of 1.2950 and is currently testing the next support at 1.29.
All indicators are bearish.
We continue to advise short positons as far as 1.3050 is resistance.
The breakout of 1.29 and 1.2850 will both give a new sell signal.
In case of return above 1.3050, we will wait the breakout of 1.31 to advise long positions.
See the previous analysis of the EUR/USD pair of May 10th, 2012
EUR/USD Analysis
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