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Technical Analysis Of The Eur/usdTitle:
Dukascopy Afternoon Forex Overview : 08/02/2012
Fundamental Analysis
EUR
German exports declined more rapidly than economists predicted in December as debt crisis harmed the export demand across the troubled region. Exports lost 4.3% compared to November when they added 2.6%. In contrast, analysts predicted only a 1% decline in European biggest economy's exports. Nevertheless economists suggest the German exports may gain momentum in 2012 as business confidence surged in January.
USD
Coca-Cola the world's biggest soft-drink producer, ...
Title:
Dukascopy Morning Forex Overview : 08/02/2012
Fundamental Analysis
EUR
"The salvation of the country, remaining in the euro, means great sacrifices"
- Evangelos Venizelos, Greek finance minister
Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official.
USD
"Markets would love to see some certainty, and we don't have any of that at the moment"
- Frank Lesh, a futures analyst and broker at FuturePath Trading LLC
U.S. stocks ...
Title:
Technical analysis of the EUR/USD pair on February 8th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of the resistance at 1.32, offering a new buy signal.
All indicators are bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout of 1.33 will give a new buy signal and open the way towards 1.34.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of February 7th, 2012
EUR/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 07/02/2012
Fundamental Analysis
EUR
17-nation currency slipped against most of its peers before Greece's PM Papademos meets with politicians from three leading parties as officials still cannot agree on debt reduction plan. The meeting scheduled on Tuesday. Greece representatives and creditors still have to agree on EUR 600 million of fiscal measures for this year. Euro declined 0.2% to USD 1.3109 in London trade. Currently EUR/USD is trading at USD 1.3116.
USD
US President Obama ordered to freeze all ...
Title:
Dukascopy Morning Forex Overview : 07/02/2012
Fundamental Analysis
EUR
"There is at least still sufficient demand for goods ‘made in Germany’ to keep the industrial engine running in 2012"
- Carsten Brzeski, senior economist at ING Group
German factory orders increased more than expected in December as demand from overseas helped the euro zone’s largest economy to weather the debt crisis. Orders rose 1.7 per cent, after declining 4.9 per cent in November, said the Economy Ministry on Monday.
USD
"You wonder when people are going to look ...
Title:
Technical analysis of the EUR/USD pair on February 7th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made yesterday a double bottom on 1.3027 with the low of February 1st.
Then, the pair has validated a return above 1.31 and just made a pullback on this level as support.
Indicators are globaly bullish.
We continue to advise long positions as far as 1.3050 is support.
The breakout of 1.32 will give a new buy signal and open the way towards 1.33.
In case of return below 1.3050, we will wait the breakout of 1.30 to advise short positions.
...
Title:
Dukascopy Afternoon Forex Overview : 06/02/2012
Fundamental Analysis
EUR
17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30.
USD
Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by ...
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:
Technical analysis of the EUR/USD pair on February 6th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD found resistance several times on 1.32.
The pair is currently trying a return below 1.31.
Indicators stay globaly bullish.
We continue to advise long positions as far as 1.3050 is support.
The breakout of 1.32 will give a new buy signal and open the way towards 1.33.
In case of return below 1.3050, we will wait the breakout of 1.30 to advise short positions.
See the previous analysis of the EUR/USD pair of February 2nd, 2012
EUR/USD ...
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