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Previous Analysis Of The Usd/jpyTitle:
Technical analysis of the USD/JPY pair on November 24th, 2011
Commentary of the USD/JPY pair :
A bullish movement occured yesterday on the pair USD/JPY who has tested the resistance at 77.48.
Then, the movement has been fully retraced and the pair got back below 77.12.
Indicators stay globaly bullish.
We maintain to trade only short positions as far as 77.12 is resistance.
The breakout of 76.50 will give a new sell signal and open the way towards 76.
In case of return above 77.12, we will be neutral between this level and 77.48.
See the previous analysis of the USD/JPY pair of November 23th, 2011
USD/JPY Analysis
Title:
Technical analysis of the USD/JPY pair on November 23th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY made a pullback on its former bearish slant and continues to move below the resistance at 77.12 (red line).
Indicators are neutral.
We maintain to trade only short positions as far as 77.12 is resistance.
The breakout of 76.50 will give a new sell signal and open the way towards 76.
In case of return above 77.12, we will be neutral between this level and 77.48.
See the previous analysis of the USD/JPY pair of November 22th, 2011
USD/JPY Analysis
Title:
US Dollar Fluctuates on Mixed Macroeconomic Reports
The US dollar was rising today, but now declines after the reports showed that the US economic growth were less than previously estimated, but the conditions for the US manufacturers improved.
The US gross domestic product rose 2.0 percent in the third quarter, according to the preliminary estimate of the Bureau of Economic Analysis. That’s worse than the previous estimate of 2.5 percent, but better than the 1.3 percent increase in the second quarter. Most indicators showed a modest improvement of the manufacturing activity in November, the Federal Reserve Bank of Richmond reported, resulting in the increase of the Manufacturing Index to 0 from -6 in the previous month.
EUR/USD rose from 1.3490 to 1.3518 today as of 17:50 GMT, while the daily high was 1.3567. USD/JPY traded near 77.01 ...
Title:
Dukascopy Afternoon Forex Overview : 22/11/2011
Fundamental Analysis
EUR
Spain's Treasury sold 3 billion euros of three and six-month bills today despite essentially increased yields after Sunday's elections. The Treasury bills sold for 2.1 billion euros generate yield of 5.22%, while the same bills sold less than a month ago produced only 2.35% yield. The current sale has bid-to-cover ratio of 4.94% as compared to October's sale ratio of 2.59%.
USD
Treasury prices slightly increased while the dollar suffered losses after the US government announced the decrease in its projected GDP growth from 2.5% to 2% in Q3. The dollar index was traded at 78.23 down from 78.20. The euro gained on the dollar index decrease and was $1.3523 from $1.3527. Yields on 10-year notes declined by one basis point to 1.96%.
GBP
The net borrowing of the UK' ...
Title:
Technical analysis of the USD/JPY pair on November 22th, 2011
Commentary of the USD/JPY pair :
A correction occured on the pair USD/JPY who broke its bearish slant (black line) and also the resistance at 77.
Indicators are now globaly bullish.
Currently, the pair is testing a pullback on 77 as support.
We maintain to trade only short positions as far as 77.12 is resistance.
A return below 77 will comfort our bearish feeling.
The breakout of 76.50 will give a new sell signal and open the way towards 76.
In case of return above 77.12, we will be neutral between this level and 77.48.
See the previous analysis of the USD/JPY pair of November 21th, 2011
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 21/11/2011
Expert commentary
“ I think that Portuguese government should stop following the
advice of the European Commission, ECB and IMF ”
-Ricardo Cabral
The contagion from Greek sovereign debt is spreading to other troubled Eurozone countries, such as Italy,
Spain and Portugal. Dukascopy has conducted a string of interviews to disclose the situation from the inside
and bring you the recent news and experts’ opinions on the matter. Today Professor Ricardo Cabral has put
Portugal under scrutiny and unpicked the recent economic developments for Dukascopy clients.
Read more: FULL REPORT - Expert commentary
Fundamental Analysis
EUR
The euro zone reported about current-account surplus of 0.5 billion euro in September as compared to deficit of 5.9 billion euro in August, according to ECB. The ...
Title:
ECB Sticks to its Guns
Comments by ECB President Mario Draghi highlight the ECB's position in the European debt crisis. His remarks suggest the European Central Bank will not come to the rescue of financially pressured nations. However, a creative solution between the ECB and the IMF may allow the ECB to avoid the restrictions placed upon the central bank by EU treaties.
Economic News
CAD - Canadian Inflation Overshoots Forecasts
Canadian inflation for the month of October came in higher than expected with core CPI climbing 0.3% m/m on consensus forecasts of 0.2%. Headline CPI was also higher at 0.2% m/m on expectations of only 0.1%. The year-over-year data requires a second look as it shows core inflation rate actually fell to 2.1% vs. 2.2%.
Despite the drop in the annual inflation rate the monthly ...
Title:
Technical analysis of the USD/JPY pair on November 21th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY has validated on Friday the breakout of the support at 77, giving us a new sell signal.
The pair just made a pullback on this level.
All indicators are bearish.
We maintain to trade only short positions as far as 77.12 is resistance.
The breakout of 76.50 will give a new sell signal and open the way towards 76.
In case of return above 77.12, we will be neutral between this level and 77.48.
See the previous analysis of the USD/JPY pair of November 18th, 2011
USD/JPY Analysis
Title:
Technical analysis of the USD/JPY pair on November 18th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY is going to validate the breakout of the support at 77.
The pair is still moving below a bearish slant (black line).
Indicators are globaly bearish.
We maintain to trade only short positions as far as 77.48 is resistance.
The validation of the breakout of 77 will give a new sell signal and open the way towards 76.50.
In case of return above 77.48, we will be neutral between this level and 78.
See the previous analysis of the USD/JPY pair of November 17th, 2011
USD/JPY Analysis
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