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Technical Analysis Of The Gbp/usdTitle:
Technical analysis of the GBP/USD pair on March 27th, 2012
Commentary of the GBP/USD pair :
After a new pullback on 1.58, a strong bullish movement occured on the pair GBP/USD who broke the resistance at 1.59, giving us a new buy signal.
All indicators are bullish.
We continue to advise long positions as far as 1.5850 is support.
The breakout of 1.60 will give a new buy signal and open the way towards 1.61.
In case of return below 1.5850, we will be neutral between this level and 1.58.
The breakout of 1.58 will give a sell signal.
See the previous analysis of the GBP/USD pair of March 26th, 2012
GBP/USD Analysis
Title:
SunBirdFX Daily Market Analysis : 03/26/2012
www.sunbirdfx.com
The US stock markets close a negative trading week for the first time in several weeks but the strong finish on Friday made a bullish reversal pattern in the indices' daily chart. The S&P 500 gets the support at 1380 points, which we analyzed as an important support it would have to break-down in order to start a significant correction. If the index rises above Friday's high at 1400 points, it might try to cross above the recent pick at 1414 points. However, a break-down of the support could be the beginning of a strong bearish correction.
On the fundamental aspect, the employment situation keeps getting better as the continuing jobless claims 348K against expectations for 353K claims. However, the real estate situation is still poor as sales of both existing and new ...
Title:
Dukascopy Morning Forex Overview : 26/03/2012
Dukascopy Technical Analysis
EUR/USD
"Whereas in the past the dollar would tend to fall as risk appetite was rising, the dollar is now benefiting from pro-risk developments, as U.S. economic data has generally bested expectations recently"
- Bank of the West (based on CNBC)
Even though EUR/USD continues to hover just below 1.3291/1.3325, it is expected to move southwards in the nearest future. The initial support is at 1.3140, followed by 1.3130 (55 day sma) and 1.3004.
EUR/JPY
"It's possible to see euro pick up slightly as people work out the implications of the bailout package and better economic statistics Sentiment toward Europe is slowly improving"
- St. George Bank Ltd. (based on Bloomberg)
EUR/JPY is currently in a phase of a bearish correction, which may last until 105.65 is ...
Title:
Technical analysis of the GBP/USD pair on March 26th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continues its bullish movement after the pullback on 1.58.
The pair is now going to test the resistance at 1.59.
All indicators are bullish.
We continue to advise long positions as far as 1.58 is support.
The breakout of 1.59 will give a new buy signal and open the way towards 1.5950.
In case of return below 1.58, we will be neutral between this level and 1.5750.
The breakout of 1.5750 will give a sell signal.
See the previous analysis of the GBP/USD pair of March 23th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 23/03/2012
Fundamental Analysis
EUR
The factory executive rose to 96 in March from 93 in February, after the French Ministry of Finance rose its 2012 economic growth forecast to 0.7% yesterday. Experts believe tha raise will significantly help the current president Sarcozy in his election battle.
USD
Nike has announced higher profits in the last quarter due to strong demand that offset increasing production costs. Profit of the sportswear producer in the last quarter that ended in February soared by 7% year-to-year, attaining 560 million US Dollars on the 15% increase in total revenues. The economic climate stays highly uncertain but we are optimistic about the company perspectives, said Mark Parker, the President of Nike.
GBP
The nationwide consumer sentiment index declined unexpectedly in ...
Title:
Dukascopy Morning Forex Overview : 23/03/2012
Fundamental Analysis
EUR
"Figures clearly show that the recession in the euro zone is far from over"
- Peter Vanden Houte, an economist at ING Group
Euro area services and manufacturing output fell by more than expected this month, a sign the economy has slipped into recession.
USD
"Decline in unemployment claims is another indication that the labor market is healing. That's good news for the March payroll report"
- Gus Faucher, a senior economist at PNC Financial Services
The number of Americans claiming for unemployment benefits fell to 348 thousand in the week ended March 17 from the week before, said the Department of Labor on Thursday.
GBP
"The data puts a real dent in hopes that the consumer may be perking up appreciably"
- Howard Archer, an economist at IHS Global Insight
U.K. ...
Title:
Technical analysis of the GBP/USD pair on March 23th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback yesterday on the support at 1.58 and then took up its bullish movement.
The pair is now going to test the resistance at 1.59.
All indicators are bullish.
We continue to advise long positions as far as 1.58 is support.
The breakout of 1.59 will give a new buy signal and open the way towards 1.5950.
In case of return below 1.58, we will be neutral between this level and 1.5750.
The breakout of 1.5750 will give a sell signal.
See the previous analysis of the GBP/USD pair of March 22th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 22/03/2012
Fundamental Analysis
EUR
Euro Area region faced a faster contraction in private sector activity in March, highlighting worries the area may fall back into downturn. Composite PMI dropped from 49.3 in previous month to 48.7 in March reaching three month record low. Economists questioned by Marketwatch predicted the composite PMI to climb to 49.6. Service PMI fell from 48.8 to 48.7 and manufacturing index edged down from 49.0 to 47.7.
USD
After a slight decline to 353K two weeks ago, US unemployment claims kept sliding to a four-year-low at 348K last week. Economists say that this reading points to a robust recovery of the US labor market and the economy in general.
GBP
UK retail sales declined more than analysts predicted in previous month as households curbed spending. Retail sales ...
Title:
Dukascopy Morning Forex Overview : 22/03/2012
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 ...
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