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Dukascopy Forex Overview: 24-05-2013 - Afternoon
| Dukascopy Bank analytic desk report Published: 24/05/2013 15:53 | |
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Featured Product: Expert Commentary
Peter Vanden Houte, Chief Economist at ING, discusses whether the Eurozone crisis is political or economic
There are some economic issues that lead to the Eurozone crisis in the sense that private debt in some countries, and especially in peripheral countries like Spain and Ireland, either exploded or rose very substantially after the start of the monetary union. The reason behind that is the sudden convergence of interest rates with very low German interest rates. |
Dukascopy Technical Analysis
EUR/JPY
"The answer to the crisis has not been less Europe but more Europe. We can ... safely say that our Economic and Monetary Union (EMU) is a more stable union today than it was a year ago."- Mario Draghi (based on Reuters) For the second day in a row pair has dipped below 131 JPY. Yesterday it managed to dip all the way to 130, but rushed back to almost opening level after it received a bullish impetus from weekly S2. Today pair has already breached weekly PP and S1 and 20-day SMA. |
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Dukascopy Fundamental Analysis
USD
A bunch of economic data from the U.S was published on Thursday, sending mixed signals about the economic growth, as house prices posted the biggest gain since May 2006, unemployment claims fell more than expected, while manufacturing slowed for a second straight month in May. |
Expert Commentary
"I would say that indeed people are losing faith in the European constitution as well as the Euro, which threatens the stability of the Eurozone"
- Peter Vanden Houte, Chief Economist at ING, discusses whether the Eurozone crisis is political or economicThere are some economic issues that lead to the Eurozone crisis in the sense that private debt in some countries, and especially in peripheral countries like Spain and Ireland, either exploded or rose very substantially after the start of the monetary union. >> |
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Press Review
Top Videos
Why is the IMF chief in court?Christine Lagarde is being grilled in a French court in regards to a business settlement. CNN's Jim Bittermann reports. |
Market Research
Currency index & Volatility: CHF
Considering a dearth of Swiss macroeconomic news published recently, it may be said with a high degree of certainty that the value of the Swiss Franc was almost completely a one-factor function of market’s expectation with respect to the quantitative easing currently conducted by the Fed. |
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Dukascopy Bank Sentiment Index
Global economic outlook
The six-month and three-year global economic expectations climbed in April, a Dukascopy Bank SA poll showed. The six-month economic sentiment index advanced 0.05 to 0.61. The three-year economic outlook rose to 0.71, up from 0.69 in March. |
Global Stock Market Review
If you are wondering why the Stock Review is not being updated, do not worry, it will be back on Monday (May 27) and since then will be published on Mondays in the afternoon.
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Commodity Overview
If you are wondering why the Commodity Overview is not being updated, do not worry, it will be back on Monday (May 27) and since then will be published on Mondays in the afternoon.
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Trade Pattern Idea
EUR/USD Emerging Pattern: Channel Up
EUR/USD has formed a Channel Up pattern on the 1H chart. The pattern has 41% quality and 50% magnitude in the 113-bar period. >>
Weekly GBP/USD Emerging Pattern: Channel Down |
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Economic Research
The Day-Of-The-Week Effect
The day-of-the-week effect is one of the calendar anomalies of the stock market. According to this phenomenon, average daily returns are not constant over the week. Furthermore, it suggests the tendency of assets to have lower average daily returns on Monday and relatively high daily returns at the end of the week. |
Dukascopy Aggregate Technical Indicator
Dukascopy Bank presents a new research product - the aggregate technical indicator. The new tool will indicate the strongest signals on major currency pairs. Dukascopy Aggregate Technical Indicator for 30 min, 1H, 4H and 1D time frame charts for major pairs for the last 144 periods till 15:30 GMT. |
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| Disclaimer: This overview can be used only for informational purposes. Dukascopy Bank SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. |
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