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Technical Analysis Of The Gbp/usdTitle:
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 GBP/USD pair on December 9th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD made a double top on the resistance at 1.5752 and then a correction occured.
The neck line of the pattern is at 1.56, level currently tested.
Indicators are globaly bearish.
We maintain to trade only long positions as far as 1.56 is support.
The breakout of 1.5752 will give a new buy signal and open the way towards 1.5850.
In case of return below 1.56, a sell signal will be given.
See the previous analysis of the GBP/USD pair of December 8th, 2011
GBP/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 ...
Title:
Technical analysis of the GBP/USD pair on December 8th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD has rebounded yesterday on the support at 1.56 and then has validated a return above 1.5669.
All indicators are bullish.
We maintain to trade only long positions as far as 1.56 is support.
The breakout of 1.5752 will give a new buy signal and open the way towards 1.5850.
In case of return below 1.56, a sell signal will be given.
See the previous analysis of the GBP/USD pair of December 7th, 2011
GBP/USD 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 GBP/USD pair on December 7th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD has again tested the support at 1.56 and seems to now to rebound a little on this level.
Indicators are globaly bearish.
We maintain to trade only long positions as far as 1.56 is support.
A return above 1.5669 will comfort our bullish feeling.
The breakout of 1.5752 will give a new buy signal and open the way towards 1.5850.
In case of return below 1.56, we will be neutral between this level and 1.55.
See the previous analysis of the GBP/USD pair of December 6th, 2011
GBP/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 06/12/2011
Fundamental Analysis
EUR
After two day gains German DAX Index dropped as Standard & Poor's positioned Germany and 14 other Euro-region countries on monitoring for potential rating downgrades. DAX lost 0.7% reaching 6,062.66 led by RWE AG, German 2nd largest utility company which plunged 9.1% after it had to raise $2.8 bn in a stock sale to lower debt. Metro AG (MEO) fell 9.9% after retail firm cut its profit outlook. Deutsche Bank AG (DBK) and Commerzbank AG (CBK) both declined about 1%.
USD
On Tuesday's premarket trading Nasdaq, Dow Jones industrial average and S&P 500 futures float around breakeven as investors stay prudent after S&P European rating warning. US equity futures edge higher in advance of opening indicating direction for the morning trade. US stocks advanced on Monday ...
Title:
Dukascopy Morning Forex Overview : 06/12/2011
Fundamental Analysis
EUR
"Things cannot continue as they have done up until today"
- Nicolas Sarkozy, French President
German Chancellor Angela Merkel and French President Nicolas Sarkozy said Monday they are planning changes to the European Union treaty to ensure tighter fiscal policy among member countries and win back investor confidence.
USD
"The economy continues to muddle along at a moderate pace"
- Richard DeKaser, deputy chief economist at Parthenon Group Inc.
U. S. service sector expanded in November at the slowest pace in almost two years. The Institute for Supply Management’s non-manufacturing index slid to 52 from 52.9 in October, said the company on Monday. Reading above 50.0 indicates industry expansion.
GBP
"The weak growth in services means the economy is likely to ...
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