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Technical Analysis Of The Eur/jpyTitle:
Technical analysis of the EUR/JPY pair on December 12th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked on friday a return above 104.
The pair is now falling towards the support at 103.
All indicators are bearish.
We maintain to trade only short positions as far as 104.50 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104.50, we will be neutral between this level and 105.
See the previous analysis of the EUR/JPY pair of December 9th, 2011
EUR/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 09/12/2011
Fundamental Analysis
EUR
The member of the ECB, Ewald Nowothy, reassured today that there will not be deflation in the Eurozone. The inflation rate in the euro-zone is decreasing slower than expected and despite weak economic growth there are no signs of ‘deflation scenario', he added. The HICP inflation is likely fall to 2% in 2012 and to 1.5% in 2013, according to the ECB forecast.
USD
US shares opened up on Friday morning on news that European officials reached consensus on tighter fiscal ties. Dow Jones Industrial Average added 0.92% or 110.69 points to 12,108.39, Nasdaq Composite ascended 0.8 or 20.83 points to 2,617.21 and S&P 500 Index gained 13.43 points reaching 1,248.04.
GBP
UK's exports reached a record of £26.5bn while the import declined to £34.1bn in October from £34.6bn ...
Title:
Dukascopy Morning Forex Overview : 09/12/2011
Fundamental Analysis
EUR
"The to ensure enhanced access for the banking sector to liquidity and facilitate the functioning of the euro area money market"
- Mario Draghi, the ECB President
The European Central Bank cut its benchmark rate by 0.25 percent to 1 percent and offered banks unlimited cash for three years but rejected rumors it will buy bonds in unlimited quantities if euro zone leaders agree on tighter fiscal union.
USD
"The labor market is improving"
- Brian Jones, a senior U.S. economist at Societe Generale
The number of Americans claiming for unemployment benefits tumbled to 381 thousand last week from 404 thousand the week before, said the Department of Labor on Thursday. Economists expected the reading to decline to 397 thousand.
GBP
"Developments in the eurozone ...
Title:
Technical analysis of the EUR/JPY pair on December 9th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of 104, offering a sell signal.
Then, the pair found support on 103 for a pullback on 104.
The pair is now moving again towards 103.
All indicators are bearish.
We maintain to trade only short positions as far as 104 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104, we will be neutral between this level and 105.
See the previous analysis of the EUR/JPY pair of December 8th, 2011
EUR/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 08/12/2011
Fundamental Analysis
USD
On Wednesday S&P 500 gave up 0.2% or 2.54 points up at 1,261.01. On the upside were financials: Morgan Stanley gained 4.58%, Goldman Sachs Group added 3.92% and Bank of America Corp. ascended 1.90%. Nevertheless, U.S. benchmark index opened lower on Thursday. At the moment of writing S&P 500 is trading at 1,252.80 or 0.65% down as ECB president Mario Draghi rejected the idea that ECB could increase purchases of debt-troubled euro-nations.
GBP
The Bank of England announced it left the key interest rate unchanged at 0.50% for the 33rd month in line. The decision was expected by analysts. The asset purchasing programme's budget stayed at the same level of GBP275 billion. After announcement the pound advanced against the USD with GBP/USD pair currently trading at 1. ...
Title:
Dukascopy Morning Forex Overview : 08/12/2011
Fundamental Analysis
EUR
"We need to make a decision at our next European Council meeting"
- French President Nicolas Sarkozy and German Chancellor Angela Merkel
European Union officials are preparing for a key summit in Brussels, where they will be trying to clinch a deal on how to tackle the eurozone debt crisis.
USD
"Financial services faces an extremely challenging operating environment"
- Vikram Pandit, Chief Executive Officer at Citigroup Inc.
Citigroup Inc. Chief Executive Officer Vikram Pandit will cut approximately 4,500 jobs in forthcoming quarters as the bank seeks to reduce costs amid tougher market conditions and declining profits.
GBP
"This report increases the probability that we will see a negative GDP reading for the fourth quarter"
- James Knightley, an economist ...
Title:
Technical analysis of the EUR/JPY pair on December 8th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY continues to move on the support at 104.
Indicators are globaly bearish.
We stay neutral on the pair between 104 and 105.
We advise to wait an exit of this range to take position:
- Long if 105 is broken. The breakout of 106 will give a new buy signal
- Short if 104 is broken. THe breakout of 103 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of December 7th, 2011
EUR/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 07/12/2011
Fundamental Analysis
EUR
"Systemic stresses in the euro zone have risen in recent weeks"
- Standard & Poor’s
Standard & Poor’s placed ratings of 15 euro zone countries on watch with negative outlook on Monday, hinting that nations’ ratings depend on the outcome of a summit of European Union leaders on December 9.
USD
"With this trip, I think the Secretary will bring the message that time is running out"
- Domenico Lombardi, a former International Monetary Fund board member
U.S. Treasury Secretary Timothy Geithner arrived in Germany on Tuesday to urge euro zone officials to take decisive action to combat debt crisis in the region. This is one of the several trips Geithner has made in recent month as U.S. worries over the crisis in Europe grow.
GBP
"Overall, house prices have remained ...
Title:
Technical analysis of the EUR/JPY pair on December 7th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has just rebounded on the support at 104 and is now moving towards 105.
Indicators are mitigated.
We stay neutral on the pair between 104 and 105.
We advise to wait an exit of this range to take position:
- Long if 105 is broken. The breakout of 106 will give a new buy signal
- Short if 104 is broken. THe breakout of 103 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of December 6th, 2011
EUR/JPY Analysis
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