02-09-2014 - Afternoon02-09-2014 - Morning01-09-2014 - Morning29-08-2014 - Afternoon29-08-2014 - Morning28-08-2014 - Afternoon28-08-2014 - Morning27-08-2014 - Afternoon27-08-2014 - Morning26-08-2014 - Afternoon26-08-2014 - Morning25-08-2014 - Afternoon25-08-2014 - Morning22-08-2014 - Afternoon

Dukascopy Forex Overview: 02-09-2014 - Afternoon

Dukascopy Bank analytic desk report
Published: 02/09/2014 14:52
Community Forecasts
Community member Panzer on EUR/USD:
"The euro is in the development stage bull move; technically and fundamentally speaking, the euro has the potential to recover to 1.3390 in the mid-term point of view. But the long-term point of view that it will probably test 1.3000 as well."
Dukascopy Technical Analysis
"The widely flagged changes in the GPIF toward more risky assets suggest that the yen continues to decline."
- National Australia Bank Ltd. (based on Bloomberg)
The Europe’s currency has started the week very strong, after yesterday’s advance above the 137 mark the currency pair breached June low at 137.71 today. 
Read More Read Full Report
Dukascopy Fundamental Analysis
Wages in Japan increased at their fastest pace since 1997, helping consumers cope with rising living costs as Prime Minister Shinzo Abe attempts to revive growth in the world’s third biggest economy. Average monthly earnings soared as much as 2.6% from the previous year following the 1% gain in June on the back of a rise in the manufacturing and construction sectors, according to the labour ministry.
Expert Commentary
"We have already seen that net Chinese imports of gold from Hong Kong have dropped during the last few months with regards of ending gold demand."
- Bernard Dahdah, Precious metals analyst, on the gold
Considering the prolonged tensions over Ukraine and signs of improving U.S. economy, how would you evaluate the current performance of gold? >>
Read Full Report Read More
Press Review
Swiss Economy Unexpectedly Stalls as Euro Area Takes Toll
The Swiss economy unexpectedly stalled in the second quarter as stagnating growth in the euro area hurt exports.
Market Research
Currency Index & Volatility: USD
The USD Index was not particularly strong in the past week, as it spent the biggest part of the period below the baseline.
Read Full Report Read Full Report
Dukascopy Bank Sentiment Index
July Dukascopy Bank Sentiment Index findings appeared to be the most pessimistic. The report revealed that while short-term global economic sentiment index fell moderately, three-year index plummeted by 0.12 points, the biggest decline since records began. This sharp fall may be attributed to geopolitical tensions in the Middle East and Ukraine, as well as uneven economic picture in the world. On top of that, all the regions also posted falls in their both short and long term economic outlook.
Global Stock Market Review
U.S. shares traded unchanged as Q2 growth picked up
American stock market showed a distinct unwillingness to have any considerable trend during the trading week ended on August 29, as upward-corrected economic growth in the country was upset by falling personal spending and decreasing home sales. Moreover, core durable goods orders dropped the most since the beginning of the current year.
Read Full Report Read Full Report
Commodity Overview
Industrial Metals Gain on Stronger-Than-Expected U.S. Housing Data
Aluminum rose 1.74% and what is more important, the metal posted longest-ever streak of monthly gains as better than expected U.S. growth numbers added to signs of increasing metals demand and shrinking inventories. However, primary aluminum production at Aluminum Corporation in China (Chalco) plummeted 19.7% to 1.63 million tonnes in the first half of the year. Also supporting economic news attracted traders to buy aluminum this week.
Trade Pattern Idea
EUR/USD Emerging Pattern: Channel Down
The EUR/USD pair has been hovering to the south during the past 286 hours, as it has successfully formed the bearish channel on an hourly chart. >>

Weekly CAD/CHF Emerging Pattern: Channel Up
Although the market has been distinctly bearish since last year’s summer, the support at 0.78 managed to initiate a strong recovery that possesses characteristics of a bullish channel. >>
Read Full Report Read More
Economic Research

Forecasting Models for Exchange Rate
The science of prognostics has been going through a rapid and fruitful development in the past decades, with various forecasting methods, procedures and approaches flooding the economic world. It is estimated that there are more than 100 prediction methods, and sometimes the diversity makes it difficult to choose the one that would do the trick.
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 and 1H time frame charts for major pairs for the last 144 periods till 15:30 GMT.
Read Full Report Read Full Report
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.

Contacts   Hot Links   Search
Dukascopy Bank SA
Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland
tel: +41 22 799 4888, fax: +41 22 799 4880
Site Map
Report an issue
© 1998-2014 Dukascopy® Bank SA