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Usd/jpyTitle:
Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)
EUR/USD
Continues near-term consolidation off 1.2681, yesterday’s low, with 1.2750 zone, Fib 23.6% of 1.2980/1.2681 downleg, capping for now. Near-term price action found footstep at 1.2700 zone and improving hourly studies, seeing potential for further corrective action, with break above yesterday’s high at 1.2757, required to resume higher and expose 1.2800 zone, Fib 38.2% and 15 May lows, next. Larger timeframes outlook, however, remains negative, but oversold daily conditions may be supportive for stronger correction, before test of yearly low at 1.2622.
Res: 1.2757, 1.2790, 1.2800, 1.2815
Sup: 1.2700, 1.2681, 1.2622, 1.2600
GBP/USD
Brief corrective/consolidative action that followed past three-day’s slide from 1.6100 zone, showed not much of recovery, as gains above 1.5900 ...
Title:
Dukascopy Morning Forex Overview : 05/17/2012
Fundamental Analysis
EUR
"We expect euro-region inflation to normalize in 2013"
- Michael Schubert, an economist at Commerzbank AG
Inflation in the seventeen nation bloc eased to 2.6 per cent in March from 2.7 per cent the previous month, said the European Union’s statistics office in Luxembourg on Wednesday.
USD
"Uncertainty about Greece and the effects a potential exit out of the euro would have on Europe, the global economy and the financial system in general is driving investors out of stocks into safe havens"
- Markus Huber, head of German sales trading at ETX Capital
The Standard & Poor's 500 lost 0.44%, or 5.86 points, to 1,324.80. The Dow Jones Industrial Average declined by 0.26%, or 33.45 points, to 12,598.55.
GBP
Unemployment figures are a "welcome step in the right ...
Title:
Negativity persists but shows some signs of consolidation
What’s new:
Asia: US equities closed negatively but Asia eking some gains this morning
Forex: GBP still in the negative after yesterday’s dovish inflation report
Japan: Better than expected GDP growth for Q1
United States: Number of policy makers still ready to take action if growth falters
Rates in Asia and Indices:
Low High Change
EUR/USD 1.2712 1.2749 0.06 %
USD/CHF 0.9421 0.9449 0.06 %
GBP/USD 1.5889 1.5933 -0.08 %
USD/JPY 80.25 80.4 -0.01 %
EUR/CHF 1.2010 1.20125 -0.00 %
EUR/JPY 102.09 102.39 -0.06 %
Dow Jones 12597.34 12722.63 -0.26 %
Nasdaq 2558.69 2597.16 -0.74 %
S&P 500 1324.79 1341.78 -0.44 %
Nikkei 225 8765.71 ...
Title:
Forex Technical Analysis : 05/17/2012
- Forex Technical Analysis : 05/17/2012 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
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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
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Title:
Higher Yielding Currencies Maintain Bearish Trend
Higher Yielding Currencies Maintain Bearish Trend
Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the euro-zone led to risk aversion in the marketplace. Investors are now worried about what the possible effects of a Greek exit from the euro-zone would be for other indebted countries, including Spain and Italy. Today, traders will want to note that there is a bank holiday in France, Germany and Switzerland. That being said, news out of the US may lead to market volatility. The Unemployment Claims figure and Philly Fed Manufacturing Index are both forecasted to show US economic growth. If true, the USD could see gains during the afternoon session.
Economic News
USD - Manufacturing Data Could ...
Title:
Technical analysis of the USD/JPY pair on May 17th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.41.
All indicators are bullish.
The pair is still moving above the upper band of its former bearish channel.
We are neutral on the pair between 80.09 and 80.41.
We advise to wait an exit of this range to take position:
- Long above 80.41. The breakout of 80.76 will give a new buy signal
- Short below 80.09. The breakout of 79.64 will give a new sell signal.
See the previous analysis of the USD/JPY pair of May 16th, 2012
USD/JPY Analysis
Title:
Dollar fell against majors after FOMC meeting minutes
Dollar and Yen both declined against major currencies today in a correction movement for safe currencies after a series of gains for more than two weeks, where the FOMC meeting minutes showed that U.S. need more support during the upcoming period which negatively affected on dollar’s demand.
From another side Europe’s sovereign debt crisis still has a negative impact on major currencies performance as well as euro, where all eyes are waiting for the second round of presidential elections in order to determine the nation’s outlook.
AUD/USD pair inclined to high of 0.9955 from 0.9930, hitting low of 0.9926, where the dollar index that measures dollar’s performance against currencies showed the longest series of falling.
NZD/USD pair inclined recording high of 0.7676 after recording low of ...
Title:
Dukascopy Afternoon Forex Overview : 05/16/2012
Dukascopy Fundamental Analysis
EUR
Stoxx Europe 600 index have dropped for third consecutive day and reached the lowest level since the start of this year as specialists speculate that elections in Greece could take place as early as 10 of June. The index lost 0.5% of its value by noon in London and around 10% from its peak this year in mid-March.
USD
Facebook increases the share offering by 25% to 421.2M shares to collect near $16B. At the offering's price of $34-$38 per share Facebook is rushing towards the largest technology IPO in the history. Production of utilities, mines and factory's in the U.S. surpassed expected 0.6% level and increased by 1.1% in April.
GBP
The number of unemployed people for January-March decreased to 2.63 million, 45,000 down on the quarter, the Office for ...
Title:
Yen Falls vs. Majors as Traders Anticipates Intervention from BoJ
The Japanese yen fell against other major currencies today on speculation that the Bank of Japan will continue its efforts to weaken the currency. Even fears of the European debt crisis were not been able to help Japan’s currency.
Specialist estimated that Japan’s gross domestic product grew as much as 3.5 percent of the first quarter of 2012 from Q1 2011, when it fell 0.7 percent. Analysts predict that growth would slow as the export-oriented economy of Japan is under pressure from the strong currency and slowing demand for nation’s exports, caused by the global economic slowdown. It is likely that under such conditions the BoJ would not have any option but stimulate the economy more.
USD/JPY climbed from 80.18 to 80.36, following the rise to 80.55 — the highest price since May 3, and ...
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