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Usd/cadTitle:
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:
SunBirdFX Daily Market Analysis : 04/17/2012
www.sunbirdfx.com
The US stock markets closed on mixed territory yesterday as Apple, which led the markets during the recent rally, is now pulling NASDAQ down and the technology index reached the important support at 2650 points, which its break-down might take the index under 260 points. The results season accelerates, as today few important firms will publish their results, such as Goldman Sachs, IBM, YAHOO and Coca-Cola.
USD/CAD
The mixed trend in Wall Street caused mixed trend in the USD, as the investors were encouraged by the core retails sales and today they will focus on building permits & housing starts data. Today is also published the interest rate in Canada, which expected to remain unchanged.
On the technical aspect, we have been following the resistance at 1.005 for ...
Title:
Forex Technical Analysis : 04/17/2012
- Forex Technical Analysis : 04/17/2012 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
Technical analysis of the USD/CAD pair on April 17th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD continues its volatility movements without a real trend and again retraced a part of its last bearish movement.
The pair is moving around the resistance at 1.0.
All indicators are bullish.
We now advise to trade only short positions as far as 1.0 is resistance.
A return below 0.9960 will comfort our bearish feeling.
The breakout of 0.9920 will give a new sell signal and open the way towards 0.9888.
In case of return above 1.0, a buy signal will be given.
The breakout of 1.0050 will give a new buy signal.
See the previous analysis of the USD/CAD pair of April 16th, 2012
USD/CAD 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 ...
Title:
Forex Technical Analysis : 04/16/2012
- Forex Technical Analysis : 04/16/2012 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
Technical analysis of the USD/CAD pair on April 16th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD continues its volatility movements without a real trend and again retraced a part of its last bearish movement.
The pair is currently testing the resistance at 1.0.
Indicators are globaly bullish.
We now advise to trade only short positions as far as 1.0 is resistance.
A return below 0.9960 will comfort our bearish feeling.
The breakout of 0.9920 will give a new sell signal and open the way towards 0.9888.
In case of return above 1.0, a buy signal will be given.
The breakout of 1.0050 will give a new buy signal.
See the previous analysis of the USD/CAD pair of April 13th, 2012
USD/CAD Analysis
Title:
Daily Forex Spot Contest : 04/16/2012
Winners of the Daily Forex Spot Contest - April 16th, 2012 :
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