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Technical Analysis Of The Usd/cadTitle:
Dukascopy Morning Forex Overview : 23/01/2012
Fundamental Analysis
EUR
" orderly default in the short term is the most likely scenario"
- Marc Ostwald, senior strategist at Monument Securities
The euro zone’s debt crisis will remain unresolved, even if Greece defaults in the forthcoming months, believes Marc Ostwald, senior strategist at Monument Securities.
USD
"We’re starting to see improvement in some of the key leading housing indicators"
- Carl Riccadonna, a senior U.S. economist at Deutsche Bank Securities Inc.
Sales of existing U.S. homes rose for a third consecutive month in December, a sign the housing market is gaining momentum. Purchases grew 5 per cent to a 4.61 million annual rate, said the National Association of Realtors on Friday.
GBP
"The 0.6% increase in retail sales volumes in December boosts hopes that the ...
Title:
Technical analysis of the USD/CAD pair on January 23th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has made last friday a pullback on 1.0159.
Indicators are globaly bearish.
The pair is still moving below its medium term bearish slant (black line).
We continue to advise short positions as far as 1.02 is resistance.
The breakout of 1.0080 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
The breakout of 1.0250 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 20th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 20/01/2012
Dukascopy Fundamental Analysis
EUR
German court ruled in favor of Apple in the global lawsuit against Apple regarding the technological patents. The court also announced that Samsung will have the opportunity to appelate the court's decision; however, the company has not yet decided Whether the apellation will be submitted.
USD
Stock futures traded neutrally on Friday, as the company results were awatted by investors. GE and Google Inc. were in the spotlight after rather sisappointing bottom line results presented recently.
GBP
Office for National Statistics released the UK retail sales data - the sales volumes increased by 0.6% in November-December. The y/y change of retail sales was +2.6%, indicating a decent growth. November retail sales figure was revised to -0.5%.
CHF
The official ...
Title:
Dukascopy Morning Forex Overview : 20/01/2012
Fundamental Analysis
EUR
"Spain is showing the market there’s ample demand for their paper"
- Padhraic Garvey, head of developed markets debt strategy at ING Bank NV
France and Spain, both downgraded by Standard & Poor’s last week, paid lower borrowing costs on Thursday, compared to their previous auctions, a sign the ECB’s refinancing operation alleviated market concern over the Europe’s debt crisis.
USD
"You’ve got a gradual improvement in the labor market"
- Brian Jones, a senior U.S. economist at Societe Generale
The number of Americans claiming for unemployment benefits dropped by 50,000 to 352,000 in the week ended January 14, the lowest level in nearly four years, said the Department of Labor on Thursday.
GBP
"Right to the end, 2011 was an extremely tough year for UK consumers"
...
Title:
Technical analysis of the USD/CAD pair on January 20th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has rebounded yesterday on the support at 1.0080 and just made a pullback on the resistance at 1.0142.
Indicators are globaly bearish.
The pair is still moving below its medium term bearish slant (black line).
We continue to advise short positions as far as 1.02 is resistance.
The breakout of 1.0080 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
The breakout of 1.0250 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 19th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 19/01/2012
Dukascopy Fundamental Analysis
EUR
Germany lessened its GDP growth prediction for 2012 from 1% to 0.7%, said Philipp Roesler, German Economics Minister, in statement yesterday. Roesler suggested that the German economy may slow down in the first months of 2012 but strengthen later fuelled by increase in employment, and stronger growth. Domestic consumption is predicted to surge 1.1% this year compared to 2.2% in 2011.
USD
Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate ...
Title:
Dukascopy Morning Forex Overview : 19/01/2012
Fundamental Analysis
EUR
"The biggest challenge is to respond to the crisis in an adequate manner"
- Christine Lagarde, the IMF Managing Director
The International Monetary Fund is aiming to increase its lending capacity by 500 billion dollars to protect economies from the escalating euro zone debt crisis.
GBP
"Unemployment could become one of the main economic and political issues this year"
- Peter Dixon, an economist at Commerzbank AG
The number of people claiming unemployment benefits rose by 1.2 thousand to 1.6 million in December and the unemployment rate increased to 8.4 per cent, the highest rate in 16 years, said the Office for National Statistics on Wednesday.
USD
"Builders are seeing greater interest among potential buyers as employment and consumer confidence slowly ...
Title:
Technical analysis of the USD/CAD pair on January 19th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bearish movement and got back below the support at 1.0142.
The pair is still moving below its medium term bearish slant (black line).
All indicators are bearish.
We continue to advise short positions as far as 1.02 is resistance.
The breakout of 1.0080 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
The breakout of 1.0250 will give a buy signal.
See the previous analysis of the USD/CAD pair of January 18th, 2012
USD/CAD Analysis
Title:
Dukascopy Afternoon Forex Overview : 18/01/2012
Dukascopy Fundamental Analysis
EUR
Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January.
USD
Goldman Sachs reported a profit drop of 58% today, and the fall in revenues was followed by a deep cut in employee compensation. Q4 net income slid to USD 1.01B, or $1.84 per share. The employee compensation was reduced by 21%, and the international growth was boosted in order to gain more revenues for trading.
GBP
UK unemployment increased by 118 000 during three months until November, Office for ...
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