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Technical Analysis Of The Gbp/usdTitle:
Dukascopy Morning Forex Overview : 19/04/2012
Fundamental Analysis
EUR
"The debt crisis is far from over still and I think Spain will be worse before it gets better"
- Henrik Drusebjerg, a senior equity strategist at Nordea Bank AB
The seasonally adjusted current account of the euro zone swung a deficit of €1.3 billion in February from a surplus of €3.7 billion in January, said the European Central Bank on Wednesday.
USD
"We got used to companies beating estimates by a pretty good margin"
- Burt White, chief investment officer at LPL Financial Corp.
U.S. stocks fell after Intel Corp. and International Business Machines Corp. disappointed market participants with their quarterly results.
GBP
"… the monetary policy committee is likely to remain on hold on the stock of asset purchases at its May meeting"
- Mauro Giorgio Marrano, an ...
Title:
Technical analysis of the GBP/USD pair on April 19th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its bullish movement and the breakout of 1.60 gave us a new buy signal.
All indicators are bullish.
The pair is still moving above its long term bullish slant (black line).
We continue to advise long positions as far as 1.5950 is support.
The breakout of 1.6050 will give a new buy signal and open the way towards 1.61.
In case of return below 1.5950, we will wait the breakout of 1.59 to advise short positions.
See the previous analysis of the GBP/USD pair of April 18th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 18/04/2012
Fundamental Analysis
EUR
German DAX index fell on Wednesday after Spain reported its proportion of non-performing loans versus total lending rallied to 7.91% January, the highest figure since 1994 raising doubts about nation's ability prevent debt turmoil.
USD
The IMF expects the overall economic growth to accelerate this year as the Euro Zone started to show signs of recovery after severe debt crisis. Moreover, US economic performance also improved. The IMF predicted the global economy to grow by 3.5% in 2012 as compared to the previous expectation for a 3.3% expansion.
GBP
Despite unexpected drop in nation's unemployment, Brtish FTSE 100 index traded modestly lower on Wednesday weighed down by banking stocks as Adam Posen, policy maker at the Bank of England ended his support for ...
Title:
Dukascopy Morning Forex Overview : 18/04/2012
Fundamental Analysis
EUR
"Yes, the economy avoided falling off the cliff, but it is still flirting with recession"
- Carsten Brzeski, senior economist at ING Group
An index of German investor confidence unexpectedly rose to 23.4 in April from 22.3 in March, said the ZEW Centre for European Economic Research on Tuesday.
USD
"Housing continues to bump along the bottom”"
- Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC
U.S. housing starts fell in March but building permits rose to highest level since 2009, Commerce Department data showed on Tuesday. Groundbreakings declined to an annual rate of 0.65 million, while permits advanced to 0.75 million.
GBP
"There seems to be a little bit of payback from the previous couple of months’ brisker growth"
- Philip Rush, an ...
Title:
Technical analysis of the GBP/USD pair on April 18th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its bullish movement and the breakout of 1.59 gave us a new buy signal.
All indicators are bullish.
The pair is still moving above its long term bullish slant (black line).
We continue to advise long positions as far as 1.5850 is support.
The breakout of 1.5950 will give a new buy signal and open the way towards 1.60.
In case of return below 1.5850, we will wait the breakout of 1.58 to advise short positions.
See the previous analysis of the GBP/USD pair of April 17th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternoon Forex Overview : 17/04/2012
Fundamental Analysis
EUR
The 17-nation currency depreciated versus its US counterpart and Japanese currency ahead of Spanish debt sale on Tuesday. The Euro shed 0.2% versus US Dollar to USD 1.3110 and gave up also 0.2% against Yen to JPY 105.42. Currently EUR/USD is trading at USD 1.3110 and EUR/JPY is trading at JPY 105.41.
USD
China has raised its US debt holding for the second consecutive month as country's foreign exchange portion continued to advance. China purchased 12.7 billion US dollars of the US Treasuries in February thus boosting the debt holding to 1,178.9 billion US Dollars, according to the US Treasury Department. Chinese foreign exchange reserves gained 3.9% in Q1 on an annual basis.
GBP
FTSE 100 index rallied on Tuesday as Spanish successfully auctioned bonds and US ...
Title:
Dukascopy Morning Forex Overview : 17/04/2012
Fundamental Analysis
EUR
"It is looking more and more likely that Spain is going to have some form of a bailout"
- Lyn Graham-Taylor, Rabobank strategist
Spain's cost of borrowing on the international debt markets breached the level of 6 per cent for 10-year bonds on Monday, mounting pressure on the European Central Bank to conduct new round of bond purchases.
USD
"There is no sign that higher fuel prices have damaged consumer sentiment and spending"
- Jeremy Lawson, a senior U.S. economist at BNP Paribas
U.S. month on month retail sales rose by more than expected in March, said the Census Bureau on Monday. Total retail sales increased 0.8 per cent the previous month after increasing 1.0 per cent in February.
GBP
" is not a universal signal of a housing-market recovery"
- Miles ...
Title:
Technical analysis of the GBP/USD pair on April 17th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD got back yesterday above 1.5850, giving us a buy signal.
The pair made a pullback on the resistance at 1.59 and got back above its long term bullish slant (black line).
Indicators are globaly bearish.
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 1.60.
In case of return below 1.58, a sell signal will be given.
See the previous analysis of the GBP/USD pair of April 16th, 2012
GBP/USD Analysis
Title:
Dukascopy Afternnon Forex Overview : 16/04/2012
Fundamental Analysis
EUR
Euro Area officials are going to Washington this week in order to demand larger war chest from overseas partners to prevent debt crisis as Spanish government struggles with surging borrowing costs. US though insists Europe can tackle crisis by its own financial firewall while Euro Zone representatives claim they already have done enough and deserve global help.
USD
Temasek Holdings is preparing to buy a part of Goldman Sachs Group's stake of Industrial & Commercial Bank of China (ICBC). Goldman Sachs is going to sell 3.55 billion of ICBC shares valued at USD 2.5 billion or about 4% of total amount traded in Hong Kong. ICBC shares lost 0.8% in Hong Kong on the news. Temasek has been raising holdings in China Construction Bank and Bank of China.
GBP
UK managed ...
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