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Take Position LongTitle:
Lack of Greek Deal Sends EUR Tumbling
The euro was largely bearish yesterday, after Greece once again failed to come to an agreement with its creditors to restructure its debt. Losses were seen against most of its main currency rivals, including the US dollar, Japanese yen and British pound. Today, in addition to any euro-zone developments that may occur, traders will want to pay attention to a speech from the US Fed Chairman at 15:00 GMT. Any positive statements could help the USD extend its recent bullish trend.
Economic News
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Title:
Technical analysis of the EUR/JPY pair on February 7th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked yesterday the breakout of 100 and is now going to test the resistance at 101.
On the short term, the pair got out of its bearish channel (black lines).
The pair is still moving above its long term bullish slant (purple line).
Indicators are mitigated.
We stay neutral on the pair between 100 and 101.
We advise to wait an exit of this range to take position:
- Long if 101 is broken. The breakout of 102 will give a new buy signal
- ...
Title:
Technical analysis of the USD/JPY pair on February 7th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to move on the resistance at 76.65.
All indicators are bullish.
We are neutral on the pair between 76.50 and 76.80.
We advise to wait an exit of this range to take position:
- Long if 76.80 is broken. The breakout of 76.96 will give a new buy signal
- Short in case of return below 76.50. The breakout of 76 will give a new sell signal.
See the previous analysis of the USD/JPY pair of February 6th, 2012
USD/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 06/02/2012
Fundamental Analysis
EUR
"The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter"
- James Ashley, senior European economist at RBC Capital Markets
Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October.
USD
"The report was much better than expected in ...
Title:
Focus of Greek response
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
USD
The euro suffered overnight as fears over the situation in Greece have resurfaced. While the market is hoping for a clinching of a debt swap deal today with private sector creditors, securing cross-party support for further austerity measures and securing further funding from the troika is proving far more difficult. According to political leaders in Athens, the main parties have until noon today (local time) to respond to the troika’s demands, ...
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SunBirdFX Daily Market Analysis : 02/06/2012
www.sunbirdfx.com
The US stock markets closed another amazing week of risings on the background of the best unemployment rate in 3 years, which pushed the markets up. The US economy created 243K new jobs, whereas analysts' expectations were a growth of 150K new jobs. This reduced the unemployment rate from 8.5% to 8.3%, mainly because many job seekers compromised on part-time jobs, but it is still an encouraging data regarding the largest economy.
In Europe, the Greek problems is not solved ...
Title:
Positive Jobs Report Boosts USD
The USD saw gains across the board on Friday, following a significantly better than expected US Non-Farm Payrolls figure that helped boost confidence in the US economic recovery. Perhaps most significantly, the USD/JPY came off its recent three-month low. The news calmed fears that the Bank of Japan would soon intervene to limit yen growth. This week, Greece is likely to be back in the headlines as investors eagerly await news of a possible debt-swap deal. Any positive developments are likely ...
Title:
Technical analysis of the EUR/JPY pair on February 6th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated on friday a return above 100 points.
The pair is now going to test again this level as support after a pullback below 101.
On the short term, the pair got out of its bearish channel (black lines).
The pair is still moving above its long term bullish slant (purple line).
Indicators are globaly bearish.
We stay neutral on the pair between 100 and 101.
We advise to wait an exit of this range to take position:
- Long if 101 is broken. ...
Title:
Technical analysis of the USD/JPY pair on February 6th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has made on friday a correction and is currently testing the resistance at 76.65.
All indicators are now bullish.
We are neutral on the pair between 76.50 and 76.80.
We advise to wait an exit of this range to take position:
- Long if 76.80 is broken. The breakout of 76.96 will give a new buy signal
- Short in case of return below 76.50. The breakout of 76 will give a new sell signal.
See the previous analysis of the USD/JPY pair of February ...
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