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Previous Analysis Of The Usd/jpyTitle:
Dukascopy Morning Forex Overview : 20/03/2012
Fundamental Analysis
EUR
"The improvement is largely due to ongoing exports gain"
- Dominique Barbet, an economist at BNP Paribas
The euro zone's current account surplus rose to 4.5 billion euros in January, the highest level in almost five years, from 3.4 billion euros in December, said the European Central Bank on Monday.
USD
"While builders are still very cautious at this time, there is a sense that many local housing markets have started to move in the right direction"
- Barry Rutenberg, chairman of the NAHB
Homebuilder sentiment remained unchanged in March from February, said the National Association of Home Builders on Monday. The NAHB/Wells Fargo Housing Market index stayed at 28, the highest level since June 2007.
GBP
"Early indicators suggest that property market activity in ...
Title:
Technical analysis of the USD/JPY pair on March 20th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to move above the support at 83.20.
Indicators stay globaly bullish.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
We continue to advise long positions as far as 82.50 is support.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 19th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 20/03/2012
Fundamental Analysis
EUR
Greek CDS sellers might have to pay 78.25 cents on each euro of the bonds to cover the insurance claims caused by Greek credit restructuring. According to Cedex Group and Markit Group, the dealers have set an initial 21.75% price at a Greek-bond auction today.
USD
United Parcel Service expanded its bid for TNT Express by 5.6% to EUR 5.16 billion to shelter the largest deal in UPS history and beat the offer from Deutsche Post AG. Atlanta-based UPS raised its offer price from EUR 9.0 a share to EUR 9.5 a share. TNT shares added 1.8% on the announcement in Amsterdam trading session.
GBP
British FTSE 100 index declined on Monday as dropping commodity prices negatively affected the value of resource shares. Financials also provided substantial downward contribution. ...
Title:
Dukascopy Morning Forex Overview : 19/03/2012
Fundamental Analysis
EUR
"We expect euro-zone gross domestic product to contract further in the first quarter of 2012 and very possibly in the second quarter as well"
- Howard Archer, chief European economist at IHS Global Insight
European exports rose for a third straight month in January, adding to signs the region is recovering after contraction in the fourth quarter. The 17-nation currency bloc posted a trade deficit of 7.6 billion euros in January, said the European Union's statistics agency Eurostat on Friday.
USD
"Consumers are pretty stretched at this point"
- Scott Brown, chief economist at Raymond James & Associates Inc
U.S. industrial production was little changed in February, compared to the previous month, said the Federal Reserve on Wednesday.
GBP
"Both the systemic risk ...
Title:
Technical analysis of the USD/JPY pair on March 19th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continue to test the support at 83.20.
Indicators stay globaly bullish.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
We continue to advise long positions as far as 82.50 is support.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 16th, 2012
USD/JPY 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 USD/JPY pair on March 16th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY made a pullback on 83.20 who seems to act as support after a test of the resistance at 84.
All indicators are bullish.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
We continue to advise long positions as far as 82.50 is support.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 15th, 2012
USD/JPY Analysis
Title:
USD/JPY Daily technical analysis - March 2012
The pair USD/JPY has continued its bullish rally and the breakout of 80 indicate a a bullish trend reversal on the long term.
Then, the breakouts of 80.73 (level 50%), 81.86 (level 61.80%) and 83 all gave us a new buy signal. Currently, the pair is testing the next resistance at 84.
So, the trend is clearly bullish as far as 81 is support. The breakout of 84 will give a new buy signal and open the way towards 85.52 (level 100%) and 87 and 88 (major resistance).
In case of return below 81, the trend will become neutral between this level and 80. Only the breakout of 80 will indicate a bearish trend reversal. We could then anticipate a return on 78.20 (level 23.60%).
Previous USD/JPY Daily Analysis - February 2012
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