05-03-2015 - Afternoon04-03-2015 - Afternoon04-03-2015 - Morning03-03-2015 - Afternoon02-03-2015 - Afternoon02-03-2015 - Morning27-02-2015 - Afternoon27-02-2015 - Morning26-02-2015 - Afternoon26-02-2015 - Morning25-02-2015 - Afternoon25-02-2015 - Morning24-02-2015 - Afternoon24-02-2015 - Morning

Dukascopy Forex Overview: 05-03-2015 - Afternoon

Dukascopy Bank analytic desk report
Published: 05/03/2015 16:22
Community Forecasts
Community member Amaunator on GBP/USD
“Divergence are drawing on RSI on H4. Price is in current trend channel. Breaking the bottom should maintain the bearish market.” >>
Dukascopy Technical Analysis

Small rebound for EUR/JPY
“The euro could weaken further today as the ECB is likely to reiterate its pledge to keep QE in place until it has proved successful in raising inflation back to target.” 
- IronFX Global (based on Reuters)
EUR/JPY pair declined for a second consecutive day after encountering resistance at 134.30. 
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Dukascopy Fundamental Analysis
US private sector creates more than 200K jobs for 13th month in a row, services sector grows
US private employers added more than 200,000 workers to payrolls in February for the 13th consecutive month, in a latest sign that strong hiring should underpin the world’s number one economy this year.
Expert Commentary
"It is important to realize that Saudi Arabia knew that without a large production cut oil price could sink below $40/b for a brief period, which is exactly what happened."
- Fadel Gheit, Managing Director, Oil & Gas Senior Analyst at Oppenheimer & Co, on oil
We expect oil prices to remain volatile, but it will ultimately reflect the action by OPEC, primarily Saudi Arabia and other Gulf states, regarding the production policy. >>
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Press Review
Business Recorder
Raw sugar hits lowest since 2010, arabicas higher
Raw sugar futures hit their lowest level since 2010, pressured by expectations for a big Brazilian, while arabica coffee bounced on technically driven buying from the prior session's one year low.
Market Research
Currency Index & Volatility: JPY
Despite low correlations between different pairs with the Japanese Yen well-below 0.5 points, we could still observe a clear increase in composite’s value last week, showed by the main chart.
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Dukascopy Bank Sentiment Index
February release
The beginning of a new year was marked by unexpected decisions and moves from major central banks all around the world, which were triggered by the latest economic data and developments in global financial markets.

Global Stock Market Review
US shares strengthened last week despite weak fundamentals
Last week, stock market in the United States expanded notably, even though there were no any major economic data releases.
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Commodity Overview
Base Metals Lost Value
Aluminum premiums declined further on Friday 27 since the market participants were hesitant on future performance.
Trade Pattern Idea
USD/CHF 1H Chart: Channel Up
Since the very end of February the Dollar/Franc has been following two upward-sloping trend-lines, even though for several times they were violated for short time periods. >>

USD/SGD 1D Chart: Channel Up
USD/SGD has been in a strong up-trend since July 2014, after the currency pair had established a solid support at 1.24. >>
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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 16:30 GMT.
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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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