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March 16th, 2012
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March 16th, 2012
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March 21th, 2012
Currencies EUR/USD. The euro advanced against the dollar and reached a four-month high versus the yen after Greece won parliamentary approval for a new international bailout, boosting demand for European assets.The 17-nation currency rose against most major peers before reports tomorrow forecast to show an expansion of services and factory output in Germany, Europe’s largest economy. The dollar weakened before Federal Reserve Chairman Ben S. Bernanke tells Congress that financial strains in Europe have eased, according to testimony prepared for delivery today. Demand for the yen was limited before data tomorrow projected to show Japanese exports declined for a fifth month. The European Central Bank's (ECB) announcement that it put its bond-buying program on hold last week also encouraged traders to cover bets against the single currency.
USD/CAD pair spiked quite nicely during the Tuesday session as the Saudis announced that they are able to increase output in the oil markets to help contain pricing. The Canadian dollar tends to follow the value of oil. By the end of the day however, we saw half of those gains given back.
Commodities Oil in NYMEX gained after data showed U.S. crude supplies shrank by 1.4 million barrels last week, according to the American Petroleum Institute. The Energy Department may say today that inventories climbed by 2.2 million barrels.
Gold prices edged higher on Wednesday after dropping nearly 1 percent in the previous
session, as a slightly weaker dollar came to the aid of buyers, while sluggish physical demand and an improving U.S. economic outlook capped gains.
The dollar edged down 0.3 percent against a basket of currencies. A cheaper USD makes dollar-priced commodities, including gold, more attractive to buyers holding other currencies.
Spot gold edged up 0.3 percent to $1,655.14 an ounce by 0241 GMT. U.S. gold gained half a percent to $1,655.40.
eur/usd
gbp/usd
usd/jpy
gold
March 23th, 2012
Currencies
EUR/USD rose up after Federal Reserve Chairman Mr. Bernanke said the U.S. economy is operating below its level prior to the financial crisis, and that increased household spending is needed to sustain the expansion.
Consumer spending is not recovered, it’s still quite weak relative to where it was before the crisis,” Bernanke said yesterday in his speech going in the history of the Fed that he plans to deliver at George Washington University. “In terms of debt and consumption and so on we’re still way low relative to the patterns before.”
Purchases of new homes in the U.S. probably rose in February to the highest level of the year. Sales, tabulated when contracts are signed, climbed 1.3 % to a 325,000 annual pace, the fastest since December 2010. That would mark the 5th gain in six months.
Existing-home purchases eased to a 4.59 million annual rate last month from a 4.63 million pace in January, the National Association of Realtors reported this week. Even with the decline, January and February sales marked the strongest start to a year since 2007.
USD/CAD Canadian Dollar had weakened against US Dollar for the first time in 2 weeks. It declined for a 3rd day as a report showed January retail sales grew at less than a third of the rate economists predicted. U.S. equities, crude oil and copper fell as the appetite for higher-yielding assets waned.
Canada’s dollar depreciated after reports on manufacturing in Europe and China fueled concern that global growth was slowing, spurring demand for the safest of assets
eur/usd gbp/usd usd/jpy gold
Technical Analysis 8/22/2012
http://acfx.com/content/images/analysis/quick/August/2208/eurusd.gif
Pivots
R3 1.26711
R2 1.25790
R1 1.25254
Pivot Point 1.24333
S1 1.23797
S2 1.22876
S3 1.22340
Comments
Trend: Up
RSI: Below 50 and oversold
Bollinger Band: Neutral
http://acfx.com/content/images/analysis/quick/August/2208/gbpusd.gif
Pivots
R3 1.59315
R2 1.58675
R1 1.58254
Pivot Point 1.57614
S1 1.57193
S2 1.56553
S3 1.56132
Comments
Trend: Up
RSI: Above 50 and overbought
Bollinger Band: Neutral
http://acfx.com/content/images/analysis/quick/August/2208/usdjpy.gif
Pivots
R3 79.760
R2 79.639
R1 79.456
Pivot Point 79.335
S1 79.152
S2 79.031
S3 78.848
Comments
Trend: Down
RSI: Above 50 and overbought
Bollinger Band: Negative
http://acfx.com/content/images/analysis/quick/August/2208/usdchf.gif
Pivots
R3 0.98155
R2 0.97741
R1 0.97009
Pivot Point 0.96595
S1 0.95863
S2 0.95449
S3 0.94717
Comments
Trend: Down
RSI: Above 50 and overbought
Bollinger Band: Neutral