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Technical Analysis Of The Usd/jpyTitle:
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 USD/JPY pair on December 7th, 2011
Commentary of the USD/JPY pair :
No moves on the pair USD/JPY who continue to test the support at 77.60.
Indicators are globaly bearish.
We maintain to trade only long positions as far as 77.60 is support.
The breakout of 78 will give a new buy signal and open the way towards 78.38.
In case of return below 77.60, we will be neutral between this level and 77.40.
See the previous analysis of the USD/JPY pair of December 6th, 2011
USD/JPY 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 ...
Title:
Technical analysis of the USD/JPY pair on December 6th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY has failed to break yesterday the resistance at 78.
Currently, the pair is making a correction.
Indicators are neutral.
We maintain to trade only long positions as far as 77.60 is support.
The breakout of 78 will give a new buy signal and open the way towards 78.38.
In case of return below 77.60, we will be neutral between this level and 77.40.
See the previous analysis of the USD/JPY pair of December 5th, 2011
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 05/12/2011
Fundamental Analysis
EUR
France and Germany are emphasizing the need of stronger economic ties among common currency countries and pushing for stricter enforcement of budget cuts to stop debt crisis escalation. President Sarkozy called for stronger discipline and penalizing countries that do not follow fiscal rules. German Chancellor Merkel reminded that ECB should not accept political pressure.
USD
On Friday S&P 500 benchmark index closed at 1,244.28, 0.02% or 0.3 points down. Nevertheless index gained 7.4% on weekly basis as Fed cut dollar borrowing rates for European banks and China announced monetary policy easing. For S&P 500 Index last week was the best since March 2009. Banking stocks were among main gainers. Morgan Stanley advanced 6.96%, J. P. Morgan Chase & Co. added 6.14% ...
Title:
Dukascopy Morning Forex Overview : 05/12/2011
Fundamental Analysis
EUR
"The government has made clear that the European debt crisis can't be solved in one fell swoop overnight"
- Angela Merkel, German Chancellor
German Chancellor Angela Merkel said in a speech to parliament Friday that European sovereign debt crisis cannot be solved in one step and once again rejected joint euro bonds idea, urging instead a tighter fiscal union.
USD
"The economy is continuing to head in the right direction"
- Millan Mulraine, senior macro strategist at TD Securities
The unemployment rate declined to 8.6 percent in November from 9 percent in October, said the Bureau of Labor Statistics on Friday. Economists expected the reading to remain at 9 percent.
GBP
"The rise in activity within the housing sector is particularly progressive"
- David Noble, ...
Title:
Technical analysis of the USD/JPY pair on December 5th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bullish movement and got out its range 77.40/77.80 from the top, giving us a buy signal.
Currently, the pair is testing the next resistance at 78.
All indicators are bullish.
We maintain to trade only long positions as far as 77.60 is support.
The breakout of 78 will give a new buy signal and open the way towards 78.38.
In case of return below 77.60, we will be neutral between this level and 77.40.
See the previous analysis of the USD/JPY pair of December 2nd, 2011
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 02/12/2011
Fundamental Analysis
EUR
France and Germany are emphasizing the need of stronger economic ties among common currency countries and pushing for stricter enforcement of budget cuts to stop debt crisis escalation. President Sarkozy called for stronger discipline and penalizing countries that do not follow fiscal rules. German Chancellor Merkel reminded that ECB should not accept political pressure.
USD
US jobless rate declined to 8.6% in November to the lowest level in the last two year. The US economy succeeded in creating over 120,000 jobs in the period, reported Labor Department. However, experts claim that the decrease was mainly caused by the decline in the total labor force as more than 315,000 people stopped searching jobs during November indicating the desperation among the ...
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