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Previous Analysis Of The Gbp/usdTitle:
Technical analysis of the GBP/USD pair on March 19th, 2012
Commentary of the GBP/USD pair :
A strong bullish movement occured last friday on the pair GBP/USD and the breakout of 1.5750 gave us a buy signal.
The pair got out of its bearish channel (black lines) and also broke the resistance at 1.5823 (new buy signal).
All indicators are bullish.
We continue to advise long positions as far as 1.5750 is support.
The breakout of 1.59 will give a new buy signal and open the way towards 1.5950.
In case of return below 1.5750, we will be neutral between this level and 1.57.
See the previous analysis of the GBP/USD pair of March 16th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 16/03/2012
Fundamental Analysis
EUR
Greek unemployment rate hit a new record in Q4, approaching 20.7%. The figure indicates that country economy experiences crisis while tight austerity measures are likely to push the county into even deeper recession. The jobless rate is expected to rise further in the following months, said Platon Monokroussos, EFG Eurobank economist. Young individuals were the most severally affected by the slowdown. Almost 40% of people aged between 15 and 24 are without job as compared to 28% in Q4 of 2010.
USD
February CPI remained in laine with the 0.4% forecast after a 0.2% in January. Manufacuting sales lost 0.9% in January despite a positive 0.4% forecast and a significant 0.6% growth in December.
GBP
British FTSE 100 index climbed on Friday supported by bank stocks. ...
Title:
Dukascopy Morning Forex Overview : 16/03/2012
Fundamental Analysis
EUR
Spanish sale "was a test for demand, to check if it was still solid despite worries about the country's fiscal consolidation"
- Annalisa Piazza, a fixed-income analyst at Newedge Group
Spain placed 3 billion euros of debt on Thursday at lower costs, compared to the last auction in February, drawing strong support from investors.
USD
" suggest that the recovery is firmly on track"
- Scott Brown, chief economist at Raymond James
The number of Americans claiming for unemployment benefits declined to the lowest level since 2008 in the week ended March 10, suggesting the labour market is gaining momentum. Jobless claims fell by 14,000 to 351,000, said the Department of Labor on Thursday.
GBP
"This is a salutary reminder as to why Britain needs to deal with the ...
Title:
Technical analysis of the GBP/USD pair on March 16th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has again rebounded on the support at 1.5650 and is going to test the resistance at 1.5750.
The pair is moving into a bearish channel (black lines) and is currently testing the upper band.
Indicators are globaly bullish.
We continue to advise short positions as far as 1.5750 is resistance.
A return below 1.5650 will comfort our bearish feeling.
The breakout of 1.56 will give a new sell signal and open the way towards 1.5554.
In case of return above 1.5750, a buy signal will be given.
See the previous analysis of the GBP/USD pair of March 15th, 2012
GBP/USD Analysis
Title:
GBP/USD Daily technical analysis - March 2012
The pair GBP/USD has testing durant all the month of February the resistance at 1.5912. The breakout of this level will give a new buy signal and open the way towards 1.6132. The pair is still moving above its long term bullish slant (black line).
The trend will remain bullish as far as the slant is support. In case of breakout, we will be neutral between 1.56 and 1.5345. Only the breakout of this last level will indicate bearish trend reversal.
Previous GBP/USD Daily Analysis - February 2012
Title:
Dukascopy Afternnon Forex Overview : 15/03/2012
Dukascopy Fundamental Analysis
EUR
European vehicle sales plunged in February driven by Peugeot Citroen, Fiat and Renault as region's consumers suspended large scale purchases amid economic uncertainty. February registrations dropped 9.2% on annual basis to 923,381 million cars, the fifth straight monthly drop. Deliveries in France tumbled 20% whereas sales in Italy plummeted 19%. BMW and Toyota forecast a 5% decline in Europe region for 2012.
USD
Analysts predict that Apple share price may climb even 19% or above USD 700 a share on the issue of new iPAD. Morgan Stanley's analyst Katy Huberty already has increased company's stock price tagets above USD 700. The mean price target among analysts questioned by Bloomberg equals USD 605. Apple rallied 3.8% to USD 589.58 on Wednesday trade ...
Title:
Dukascopy Morning Forex Overview : 15/03/2012
Fundamental Analysis
EUR
"Inflation biting into the economy is quite damaging"
- Marco Valli, chief euro zone economist at Unicredit
Euro zone consumer prices rose in February, piling pressure on the ECB after it refrained from raising interest rates this month. The inflation rate rose 2.7 per cent from the same period last year, said the European Statistical Office (Eurostat) on Wednesday.
USD
"A widening of the balance just tells you about the relative growth rate of the U.S. compared with other economies"
- Jeremy Lawson, a senior U.S. economist at BNP Paribas
Import prices rose in February led by higher petroleum costs, while food prices posted their largest decrease in three years. Overall import prices advanced 0.4 per cent.
GBP
The "labor-market figures paint a generally weak ...
Title:
Technical analysis of the GBP/USD pair on March 15th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback yesterday on the resistance at 1.5750 and then took up its bearish movement to currently test the support at 1.5650.
Indicators are globaly bearish.
We continue to advise short positions as far as 1.5750 is resistance.
A return below 1.5650 will comfort our bearish feeling.
The breakout of 1.56 will give a new sell signal and open the way towards 1.5554.
In case of return above 1.5750, a buy signal will be given.
See the previous analysis of the GBP/USD pair of March 14th, 2012
GBP/USD Analysis
Title:
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 ...
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