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Previous Analysis Of The Gbp/usdTitle:
SunBirdFX Daily Market Analysis : 04/16/2012
www.sunbirdfx.com
As we estimated few times during the previous week, Wall Street became extreme volatile after the launch of the results season, which makes it harder to analyze the markets with technical analysis. If you wondered why we always opened the daily analysis with a brief of the US stock markets, it is simply because they have a direct impact on the USD and actually on every pair of currencies. That is why the USD changed its direction dramatically during the week; the stocks went up & down according to the important firms' results.
On the technical aspect, the S&P 500 broke down the important support at 1370 points but made a bullish correction right after, which made many traders to believe that the correction was temporary. However, the indices fell sharply on Friday and ...
Title:
Technical analysis of the GBP/USD pair on April 16th, 2012
Commentary of the GBP/USD pair :
A strong bearish movement occured on the pair GBP/USD who broke the support at 1.5850 and also its long term bullish slant (black line).
All indicators are bearish.
We are neutral on the pair between 1.58 and 1.5850.
We advise to wait an exit of this range to take position:
- Long above 1.5850. The breakout of 1.59 will give a new buy signal
- Short below 1.58. The breakout of 1.5728 will give a new sell signal.
See the previous analysis of the GBP/USD pair of April 13th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 13/04/2012
Fundamental Analysis
EUR
Italy's borrowing costs increased during last bond sale, escalating worries about Italy's ability to repay its obligations. Three-year bonds faced a rise in the interest rate from 2.76% to 3.89%. Adding to concerns over the Euro Zone's economic state, Greek unemployment rate surged to 21.8% in January as compared to 14.8% in January 2011.
USD
US March CPI increased by 0.3% thus outpacing the 0.2% investor consensus forecast. Core CPI was in line with the expectations at 0.2% last month, Bureau of Labor Statistics reported today.
GBP
FTSE 100 index traded lower on Friday as lower than expected China's GDP growth weighed on investor sentiment. Additionally Spanish shares tumbled as country's bond yields climbed. Sage Group lost 2.2% after Jefferies cut the stock' ...
Title:
Dukascopy Morning Forex Overview : 13/04/2012
Fundamental Analysis
EUR
"The outlook for the industrial sector is bleak"
- Martin van Vliet, an economist at ING Group
Euro-area industrial production unexpectedly rose in February, even as the region’s economy continued to slide into a recession. Production increased 0.5 per cent from January, said the European Union’s statistics office in Luxembourg on Thursday.
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
The number of Americans claiming for unemployment benefits rose to 380 thousand in the week ended April 7 from the week before, said the Department of Labor on Thursday.
GBP
"Concern persists that U.K. exports will be limited in the near ...
Title:
Technical analysis of the GBP/USD pair on April 13th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued yesterday its bullish movement and the breakout of 1.5950 gave us a buy signal.
The pair seems to move above a long term bullish slant (black line).
All indicators are bullish.
We continue to advise long positions as far as 1.5850 is support.
The breakout of 1.60 will give a new buy signal and open the way towards 1.6050.
In case of return below 1.5850, we will be neutral between this level and 1.58.
The breakout of 1.58 will give a sell signal.
See the previous analysis of the GBP/USD pair of April 12th, 2012
GBP/USD 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 GBP/USD pair on April 12th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback yesterday on 1.5850 and then got back above the resistance at 1.59;
All indicators are bullish.
We now advise to trade only short positions as far as 1.5950 is resistance.
A return below 1.59 will comfort our bearish feeling.
The breakout of 1.58 will give a new sell signal and open the way towards 1.5750.
In case of return above 1.5950, a buy signal will be given.
See the previous analysis of the GBP/USD pair of April 11th, 2012
GBP/USD 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 ...
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