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Technical Analysis Of The Eur/jpyTitle:
Technical analysis of the EUR/JPY pair on March 22th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked yesterday the breakout of the resistance at 111 and just made a pullback on 110.
The pair is still moving above its medium term bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 109.50 is support.
The breakout of 111 and 112 will both give a new buy signal.
In case of return below 109.50, we will wait the breakout of 109 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 21th, 2012
EUR/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 21/03/2012
Fundamental Analysis
EUR
The borrowing costs on German bunds climbed to three month record high after Greek PM Lucas Papademos got parliamentary support for a EUR 130 billion rescue package, curbing demand for safe securities. The yields on 10-year German notes added two basis points, reaching 2.06% on Wednesday. Germany's bills marked the sixth decline in seven days.
USD
The government of the US allowed 10 EU countries and Japan to be excluded from the Iranian oil sanctions as these countries managed to cut Iranian oil imports essentially. The sanctions are aimed at punishing countries that go on purchasing large amounts of Iranian oil. The biggest oil importers as South Korea, China and India were not exempted from the sanctions.
GBP
British budget gap nearly doubled in February on ...
Title:
Dukascopy Morning Forex Overview : 21/03/2012
Fundamental Analysis
EUR
"There’s been a growing realization that in fact the economic numbers particularly out of the States have been better than expected"
- David Miller, a partner at Cheviot Asset Management
The Stoxx Europe 600 Index declined 1.14 per cent to 268.97. Germany’s DAX Index slid 1.39 per cent and France’s CAC 40 Index lost 1.32 per cent. The U.K.’s FTSE 100 Index tumbled 1.17 per cent to 5,891.41.
USD
"The housing market continues to recover at a very gradual rate"
- Sal Guatieri, a senior economist at BMO Capital Markets
U.S. housing starts declined slightly in February, but the biggest increase in building permits in more than three years shows the industry is recovering. Housing starts fell 1.1% to an annual rate of 698,000 last month.
GBP
"The Bank of England is ...
Title:
Technical analysis of the EUR/JPY pair on March 21th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY continues its bullish rallye and has validated the breakout of 110.50, offering a new buy signal.
The pair is currently testing the next resistance at 111.
The pair is still moving above its medium term bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 109.50 is support.
The breakout of 111 and 112 will both give a new buy signal.
In case of return below 109.50, we will wait the breakout of 109 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 20th, 2012
EUR/JPY Analysis
Title:
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 EUR/JPY pair on March 20th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated the breakout of 110, offering a buy signal and is currently testing the resistance at 110.50.
The pair is still moving above its medium term bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 109 is support.
The breakout of 110.50 and 111 will both give a new buy signal.
In case of return below 109, we will wait the breakout of 108 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 19th, 2012
EUR/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:
Technical analysis of the EUR/JPY pair on March 19th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY just found resistance on 110.
The pair is still moving above its medium term bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 108.50 is support.
The breakout of 110 and 111 will both give a new buy signal.
In case of return below 108.50, we will wait the breakout of 107.50 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 16th, 2012
EUR/JPY Analysis
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 ...
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