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Previous Analysis Of The Usd/jpyTitle:
Dukascopy Morning Forex Overview : 18/04/2012
Fundamental Analysis
EUR
"Yes, the economy avoided falling off the cliff, but it is still flirting with recession"
- Carsten Brzeski, senior economist at ING Group
An index of German investor confidence unexpectedly rose to 23.4 in April from 22.3 in March, said the ZEW Centre for European Economic Research on Tuesday.
USD
"Housing continues to bump along the bottom”"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. housing starts fell in March but building permits rose to highest level since 2009, Commerce Department data showed on Tuesday. Groundbreakings declined to an annual rate of 0.65 million, while permits advanced to 0.75 million.
GBP
"There seems to be a little bit of payback from the previous couple of months’ brisker growth"
- Philip Rush, an ...
Title:
Technical analysis of the USD/JPY pair on April 18th, 2012
Commentary of the USD/JPY pair :
A rebound occured on the pair USD/JPY who is going to test a pullback on the resistance at 81.50.
All indicators are bullish.
The pair is still moving into its bearish channel (black lines).
We continue to advise short positions as far as 81.50 is resistance.
A return below 81.04 will comfort our bearish feeling.
The breakout of 80.50 will give a new sell signal and open the way towards 80.
In case of return above 81.50, we will be neutral between this level and 81.81.
The breakout of 81.81 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 17th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 17/04/2012
Fundamental Analysis
EUR
The 17-nation currency depreciated versus its US counterpart and Japanese currency ahead of Spanish debt sale on Tuesday. The Euro shed 0.2% versus US Dollar to USD 1.3110 and gave up also 0.2% against Yen to JPY 105.42. Currently EUR/USD is trading at USD 1.3110 and EUR/JPY is trading at JPY 105.41.
USD
China has raised its US debt holding for the second consecutive month as country's foreign exchange portion continued to advance. China purchased 12.7 billion US dollars of the US Treasuries in February thus boosting the debt holding to 1,178.9 billion US Dollars, according to the US Treasury Department. Chinese foreign exchange reserves gained 3.9% in Q1 on an annual basis.
GBP
FTSE 100 index rallied on Tuesday as Spanish successfully auctioned bonds and US ...
Title:
Dukascopy Morning Forex Overview : 17/04/2012
Fundamental Analysis
EUR
"It is looking more and more likely that Spain is going to have some form of a bailout"
- Lyn Graham-Taylor, Rabobank strategist
Spain's cost of borrowing on the international debt markets breached the level of 6 per cent for 10-year bonds on Monday, mounting pressure on the European Central Bank to conduct new round of bond purchases.
USD
"There is no sign that higher fuel prices have damaged consumer sentiment and spending"
- Jeremy Lawson, a senior U.S. economist at BNP Paribas
U.S. month on month retail sales rose by more than expected in March, said the Census Bureau on Monday. Total retail sales increased 0.8 per cent the previous month after increasing 1.0 per cent in February.
GBP
" is not a universal signal of a housing-market recovery"
- Miles ...
Title:
Technical analysis of the USD/JPY pair on April 17th, 2012
Commentary of the USD/JPY pair :
The pair continues to test the lower band of its bearish channel (black lines) and also the support at 80.50.
All indicators are bearish.
We continue to advise short positions as far as 81.50 is resistance.
The breakout of 80.50 will give a new sell signal and open the way towards 80.
In case of return above 81.50, we will be neutral between this level and 81.81.
The breakout of 81.81 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 16th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 16/04/2012
Fundamental Analysis
EUR
Euro Area officials are going to Washington this week in order to demand larger war chest from overseas partners to prevent debt crisis as Spanish government struggles with surging borrowing costs. US though insists Europe can tackle crisis by its own financial firewall while Euro Zone representatives claim they already have done enough and deserve global help.
USD
Temasek Holdings is preparing to buy a part of Goldman Sachs Group's stake of Industrial & Commercial Bank of China (ICBC). Goldman Sachs is going to sell 3.55 billion of ICBC shares valued at USD 2.5 billion or about 4% of total amount traded in Hong Kong. ICBC shares lost 0.8% in Hong Kong on the news. Temasek has been raising holdings in China Construction Bank and Bank of China.
GBP
UK managed ...
Title:
Dukascopy Morning Forex Overview : 16/04/2012
Fundamental Analysis
EUR
"Market stresses will eventually force the ECB to restart the bond program"
- Market stresses will eventually force the ECB to restart the bond program
The European Central Bank is expected to restart government bond purchases rather than proceed with another round of long term refinancing operation.
USD
"Disposable incomes of consumers are still being squeezed. That does make it difficult for consumption to accelerate from here"
- Jeremy Lawson, an economist at BNP Paribas in New York
U.S. consumer confidence deteriorated slightly in April. The Thomson Reuters/University of Michigan’s preliminary index of sentiment declined to 75.7 from 76.2 in March.
GBP
U.K. "has a wealthy, open, and diversified economy"
- S&P
Standard & Poor's reaffirmed the U.K.'s triple ...
Title:
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 USD/JPY pair on April 16th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bearish movement and the breakout of 81 gave us a new sell signal.
The pair is currently testing the lower band of its bearish channel (black lines) and also the support at 80.50.
All indicators are bearish.
We continue to advise short positions as far as 81.50 is resistance.
The breakout of 80.50 will give a new sell signal and open the way towards 80.
In case of return above 81.50, we will be neutral between this level and 82.
The breakout of 82 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 13th, 2012
USD/JPY Analysis
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