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Technical Analysis Of The Usd/jpyTitle:
Dukascopy Afternoon Forex Overview : 23/04/2012
Dukascopy Fundamental Analysis
EUR
Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times.
USD
Stock index futures indicated a lower opening on today’s USA session on the EU concerns. Additionally, news from Wal-mart on a possible bribery case had negative influence on stock indices.
GBP
According to experts from zifx.com, following an extensive rally of GBP/USD, the currency pair is presently overgoing a bearish correction. While the initial support and resistance levels are situated at 1.6037 and 1.6154, respectively, ...
Title:
EUR/USD Fails To Take Out First Resistance At 1.3213
Sunrise Market Commentary
Fixed Income: Political developments supportive for core EMU bonds
Political developments over the weekend are supportive for global core bonds, but strong technical resistance (contract high; inverted channel) come into play. In France, presidential candidate Hollande beat current president Sarkozy in the 1st round of the French election and in the Netherlands, the government fell as Dutch budget talks collapsed.
Currencies: EUR/USD fails to take out first resistance at 1.3213
On Friday, the euro was rather well bid. EUR/USD tested the 1.3213 resistance but failed to sustain above this level. EUR/GBP stayed below the 0.8222 previous range bottom, confirming the break of earlier last week. Cautious sentiment on risk will probably cap the topside ...
Title:
Dukascopy Morning Forex Overview : 23/04/2012
Fundamental Analysis
EUR
"Ifo index paints a too positive picture of the growth prospects for the German economy"
- Carsten Brzeski, senior economist at ING Group
German business confidence unexpectedly improved in April, a sign the euro zone’s largest economy is weathering Europe’s debt crisis. Ifo business climate index, which is based on a survey of 7,000 businesses, rose to 109.9 points from 109.8 points in March.
USD
"A strong Germany helps the euro massively, and helps other assets too"
- Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank Ltd.
U.S. stocks closed mixed on Friday while German investor confidence unexpectedly improved and blue chip companies from General Electrics to Microsoft reported better than expected earnings.
GBP
"While the month of March ...
Title:
Technical analysis of the USD/JPY pair on April 23th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY seems to have take up its bearish movement and the breakout of 81.50 gave us a sell signal.
Indicators are mitigated.
The pair got back into its former bearish channel (black lines).
We continue to advise short positions as far as 81.81 is resistance.
The breakout of 81.06 will give a new sell signal and open the way towards 80.37.
In case of return above 81.81, a buy signal will be given.
See the previous analysis of the USD/JPY pair of April 20th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 20/04/2012
Fundamental Analysis
EUR
Spain faced increasing borrowing costs during successful sale of bonds with two and ten-year maturity. The country's Treasury sold 1,116 billion Euros of two-year bonds at yield of 3.463% and 1,425 billion Euros in ten-year bonds with yield of 5.743%. Demand for Spain's debt was strong as bids surpassed demand 3.3 times.
USD
The American session also gained from the higher-than-estimated German Ifo business climate reading released today. The increase in stocks was also accompanied by a gain in commodity prices and a decline of treasury yields.
GBP
British FTSE 100 index traded modestly higher on Friday as data showed UK retail sales rallied in March, reaching 1.8% growth instead of predicted 0.4% gain. IMI Plc jumped 1.8% after engineering group reported an ...
Title:
Dukascopy Morning Forex Overview : 20/04/2012
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
Spain sold 2.54 billion euros of debt dated 2014 and 2022 on Thursday, above the target range of 1.5 to 2.5 billion euros for the auction.
USD
"Progress in the labor market is not quite as strong as people had hoped, but we are still on a recovery track here"
- Scott Brown, chief economist at Raymond James & Associates Inc.
The number of Americans claiming for unemployment benefits declined by 2,000 to 386,000 in the week ended April 14 from the week before, said the Department of Labor on Thursday.
GBP
"Economic data does look like it is showing some stabilization"
- Samantha Fitzpatrick, senior ...
Title:
Technical analysis of the USD/JPY pair on April 20th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY got out of its bearish channel (black lines) but the bullish movement do not have strenght.
All indicators are bullish.
We are neutral on the pair between 81.50 and 81.81.
We advise to wait an exit of this range to take position:
- Long abive 81.81. The breakout of 82.45 will give a new buy signal
- Short below 81.50. The breakout of 81.04 will give a new sell signal.
See the previous analysis of the USD/JPY pair of April 19th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 19/04/2012
Fundamental Analysis
EUR
France and Spain plan to assemble EUR 13.5 billion (USD 17.6 billion) in bill auction today as Spanish PM Rajoy struggles to reduce budget deficit and presidential elections in the France drive yields up. France is issuing 2017 bills and 2018 inflation linked notes, a maximum target of EUR 11 billion while Spain is planning to raise EUR 2.5 billion in 2-year and 10-year bonds.
USD
The IMF announced that it has secured 320 billion US Dollars in drive for increasing the fund's lending capacity. Switzerland and Poland have already contributed to the fund expansion. The IMF hopes to raise about 400 billion US Dollars in commitments from countries around the world. The move followed surging borrowing costs of Italy and Spain that escalated concerns over the Euro ...
Title:
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 ...
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