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Technical Analysis Usd/jpyTitle:
Dukascopy Afternoon Forex Overview : 25/05/2012
Fundamental Analysis
EUR
Trading in the shares of Bankia has been suspended in Madrid. Market regulator announced that this was done due to circumstances which might influence normal trading. Bankia is said to be forced to ask EUR 15b government bailout. Fourth largest Spanish bank was formed in 2010 after uniting seven troubled regional banks and currently holds EUR 32b worth of troubled assets.
USD
Natural gas futures declined during late US trade on Thursday after IEA reported that US inventories increased by 101 billion cubic feet on an annual basis last week, being higher than five-year average change of 97 billion cubic feet. Natural gas futures for June delivery traded at 2.707 US Dollars per million Btu on the New York Mercantile Exchange, tumbling by 3.20%.
GBP
David Cameron ...
Title:
Dukascopy Morning Forex Overview : 25/05/2012
Fundamental Analysis
EUR
"The euro zone is being buffeted by major headwinds."
- Howard Archer, chief European economist at IHS Global Insight
European manufacturing and services industries contracted in May. A composite index based on a survey of purchasing managers in manufacturing and services sectors declined to 45.9 from 46.7 in April, said the Markit Economics on Thursday.
USD
"It looks more and more like businesses are hesitating to invest in the face of worsening uncertainties in the and global economy."
- Pierre Ellis, a senior economist at Decision Economics
The number of Americans claiming for unemployment benefits declined slightly by 2,000 to a seasonally adjusted 370,000 in the week ended May 19 from the week before, said the Department of Labor on Thursday.
GBP
" ...
Title:
Forex Technical Analysis : 05/25/2012
- Forex Technical Analysis : 05/25/2012 -
(Timeframes: 30 minutes)
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Title:
Technical analysis of the USD/JPY pair on May 25th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY made a small correction yesterday and is currently testing the resistance at 79.65.
Indicators are globaly bullish.
The pair is currently moving below a bearish slant (black line) and is moving above a bearish slant (purple line who act as support).
We continue to advise short positions as far as 80.09 is resistance.
A return below 79.26 will comfort our bearish feeling.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 80.09, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 24th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 24/05/2012
Fundamental Analysis
EUR
European stocks returned to growth, despite services and manufacturing purchasing managers indices across Europe and German business confidence shrank more than expected. The Stoxx Europe 600 Index added 1.0 percent to 241.81. Cable & Wireless Communications Plc soared 19 percent. Sonova Holding AG gained 2.5 percent. Bayer AG declined 1.1 percent. U.S. futures and Asian stock little changed. S&P 500 futures gained 0.3 percent, MSCI Asia Pacific index added 0.1 percent.
USD
The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance ...
Title:
USD/JPY Daily technical analysis - May 2012
The pair USD/JPY has broken at the end of April the support at 80, showing a return of the bearish trend. During May, the bearish movement has continued. Currently, the fibonacci retracement 61.80ù at 79.13 is acting as support.
The trend will remain bearish as far as 81.60 is resistance. The breakout of 79.13 will give a new sell signal and open the way towards the major support at 78.30. Next supports are at 77.50 and 76.63.
In case of return above 81.60, the trend will be neutral between this level and 83 (level of the long term bearish slant). Only the breakout of this last level will show a return of the bullish trend.
Previous USD/JPY Daily Analysis - April 2012
Title:
Dukascopy Morning Forex Overview : 24/05/2012
Fundamental Analysis
EUR
Concern about Greece "is a big weight on the market and makes things uncertain"
- Emmanuel Soupre, a fund manager at Neuflize Private Assets
European stocks tumbled on Wednesday, after rising by the most in a month on Tuesday, on speculation Greece may exit the euro zone.
USD
"It’s very clear now that the housing market has turned a corner"
- Richard DeKaser, deputy chief economist at Parthenon Group LLC
Sales of new U.S. homes rose by more than expected in April, Commerce Department data showed on Wednesday. Purchases increased to an annual rate of 343,000, up by 3.3 per cent from a revised 332,000 in March.
GBP
" employment remains fragile and wage growth weak"
- Ross Walker, chief U.K. economist at Royal Bank of Scotland Group
U.K. retails sales declined by ...
Title:
Forex Technical Analysis : 05/24/2012
- Forex Technical Analysis : 05/24/2012 -
(Timeframes: 30 minutes)
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XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
Technical analysis of the USD/JPY pair on May 24th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to move between the support at 79.26 and the resistance at 79.65.
Indicators are globaly neutral.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line).
We continue to advise short positions as far as 80.09 is resistance.
A return below 79.26 will comfort our bearish feeling.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 80.09, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 23th, 2012
USD/JPY Analysis
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