free Forex signal 2012/01/16(New york and london session)

Dukascopy Fundamental Analysis

EUR/USD

"The more time passes ... the more we see signs it [three year refinancing operation] has been an effective policy measure"
- Mario Draghi, the ECB president
The European Central Bank’s 489 billion euros allotted among euro area banks at a record rate of one per cent are supporting the region’s economy, said the ECB president on Thursday.

EUR/JPY
"You get better job growth, people hear about it and you get better sentiment and better spending"
- Maury Harris, chief economist at UBS Securities LLC
U.S. consumer sentiment rose to eight-month high in January as Americans became more confident on the outlook for the economy. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment advanced to 74 from 69.9 at the end of the previous month.

GBP/USD

"The trend [in producer inflation] is moving in the right direction, and this will contribute to lower consumer price inflation in 2012"
- David Kern, chief economist at the British Chambers of Commerce
U.K. producer output prices fell in December for the first time since June 2010, as input prices eased 0.6 per cent. Factory gate prices dropped 0.2 per cent from November, the Office for National Statistics announced on Friday.

USD/CHF

"Bond sales in Italy and France, because the countries have more problems, will offer more of a guide for the market"
- Arnaud Scarpaci, a fund manager at Agilis Gestion SA
Swiss stocks closed lower on Friday on concern some euro area countries may be downgraded by Standard & Poor’s in the next few days. These expectations were proven to be justified later that day.