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Technical Analysis Of The Eur/usdTitle:
SunBirdFX Daily Market Analysis : 12/13/2011
www.sunbirdfx.com
Wall Street opened the trading week with sharp declines as the disagreements among the European leaders are increasing. Indices are close to the support that a large gap is waiting under it. In the NASDAQ, the current support is at 2270points and a strong break-down might take the technology sector down to the gap's closing level at 2200-2220 points.
Today is published the Fed's interest rate, which expected to remain at the current levels. Investors will hope to hear encouraging statement from Bernanke at the FOMC statement.
EUR/USD
This pair is frequently analyzed in our daily analysis. However, the recent two-weeks have been very educational for those who followed our analysis regarding the pair. Few days ago, when the pair was traded around 1.345-1.35, we ...
Title:
Technical analysis of the EUR/USD pair on December 13th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of 1.33, offering a new sell signal.
The pair just validated a new breakout, the support at 1.32 but seems to have some difficulties to pursuit its bearish movement.
The pair is still moving into its bearish channel.
All indicators are bearish.
We maintain to trade only short positions as far as 1.33 is resistance.
The breakout of 1.3150 will give a new sell signal and open the way towards 1.31.
In case of return above 1.33, we will wait the breakout of 1.34 to advise long positions.
See the previous analysis of the EUR/USD pair of December 12th, 2011
EUR/USD Analysis
Title:
Dukascopy Morning Forex Overview : 12/12/2011
Fundamental Analysis
EUR
"The breakthrough to a stability union has been achieved"
- Angela Merkel, German Chancellor
All European Union countries except Britain agreed to sign an intergovernmental treaty Friday aimed at stricter budget discipline in the single currency area.
USD
"We’re seeing decent job growth and an improvement in household balance sheets"
- Samuel Coffin, an economist at UBS Securities LLC
U.S. consumer confidence rose to highest level in six months in December as consumers became more optimistic on the outlook of the country’s economy, according to the Thomson Reuters / University of Michigan research.
GBP
"The massive reduction in the UK's trade deficit in October will certainly bring some Christmas cheer to the City and government"
- Kah Chye Tan, head of trade ...
Title:
Technical analysis of the EUR/USD pair on December 12th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD has again faked on friday an exit of its bearish channel (purple lines).
The pair is now moving into it and is testing the support at 1.33.
All indicators are bearish.
We maintain to trade only short positions as far as 1.3450 is resistance.
The breakout of 1.33 will give a new sell signal and open the way towards 1.32.
In case of return above 1.3450, we will wait the breakout of 1.35 to advise long positions.
See the previous analysis of the EUR/USD pair of December 9th, 2011
EUR/USD 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/USD pair on December 9th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD felt yesterday below 1.34 and is moving into its bearish channel (purple lines).
The pair is currently testing the support at 1.33.
All indicators are now bearish.
We maintain to trade only short positions as far as 1.3450 is resistance.
The breakout of 1.33 will give a new sell signal and open the way towards 1.32.
In case of return above 1.3450, we will wait the breakout of 1.35 to advise long positions.
See the previous analysis of the EUR/USD pair of December 8th, 2011
EUR/USD 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 ...
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