Yesterday, a pair of Euro / dollar rose in the U.S. session, up to 1.3970
Jul 7th, 2009 | By admin | Category: News International MarketsYesterday, a pair of Euro /dollar rose in the U.S. session, up to 1.3970. Pound /dollar reached 1.6300. The pair dollar /yen consolidated near the 95.30 level. Exchange Euro /yen has fallen from a level of 134.50 to 134.10.
yesterday came following macroeconomic statistics:
ISM Non-mfg composite index in the United States for June 2009 amounted to 47.0 (46.0 forecast, the previous value of 44.0). The index has a much better prognosis, and supported the U.S. stock market, which in turn exert pressure on the dollar.
Yesterday Dow Jones index of the New York Stock Exchange rose 1.06 points (0.01%). Nasdaq index fell 17.37 points (-0.97%). SP 500 index dropped 3.16 points (-0.35%).
Yesterday index Frankfurt stock exchange Xetra DAX fell 75.05 points (-1.59%). The index of London Stock Exchange FTSE 100 fell 57.34 points (-1.35%). The index of the Paris stock exchange CAC 40 dropped 38.44 points (-1.23%)
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Yesterday, the price of WTI crude oil in New York fell to the closure of bidding at 2.68 dollar to 64.05 dollars per barrel. During the bidding price dropped up to 63.40 dollars per barrel, the minimum from the end of May.
Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. The index of the Tokyo Stock Exchange Nikkei-225 fell 33.08 points (-0.34%). Index of the Hong Kong Stock Exchange Hang Seng fell by 23.38 points (-0.13%). Singapore Straits Times Index rising to 6.60 points (0.29%).
Today in Asia pair dollar /yen declined to 95.10 marks, but by the end of the session strengthened to 95.41. Rate euro /yen fell to 132.80 marks. Exchange Euro /dollar fell on the Tokyo session to 1.3950. Pound /dollar traded near 1.6250 level.
The experts note that the Japanese yen rose in value against the euro and high rates with the beginning of the trading in Europe, as investors remain interested in the assets of the security zone. Luxembourg's finance minister, Mr Jean-Claude Yanker at a meeting with colleagues in the euro area said that the region is still in the middle of the crisis that once again raised concern about the economic recovery in Europe. Japan maintains trade surplus. This suggests that the country in times of financial storms and disturbances are not dependent on foreign creditors. That is why the yen is among the safer currencies. Therefore, the euro is likely to remain weak against the dollar and the yen.
Start the European session, has made adjustments to the dynamics of the foreign exchange market. Forex market is closely monitoring the dynamics of stock market and the emerging macroeconomic statistics.
Today, investors will be focused on the dynamics of the stock and commodity markets and goes macroeconomic statistics.
The attention of investors this week will be sent to the meeting of Group of Eight, which will take place from Wednesday to Friday in Italy. The impact on exchange rates can have a policy statement on the dollar as reserve currency.
My tactical views:
EUR /USD (5 /10 - the trend sideways): on analysts' forecasts now - to bid in the range: 1.3880-1.4100. Today, expect short-term correction of the market up. Therefore it is possible to short sell on impulse buying from the bottom of 1.3880, T /R = 1.4100, S /L = 1.3840. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, recording a profit.
GBP /USD (5 /10 - the trend sideways):
For short-term players better be on sale. Actively move the foot, recording a profit.
USD /CHF (5 /10 - the trend sideways):
Today better be in buying.
actively move the foot, followed by the market, while protecting profits.
USD /JPY (5 /10 trend sideways):
now trading inside the corridor 94.80-96.00: better to be in a small purchase with a daily minimum.
actively move the foot, followed by the market, while protecting profits.
Asian markets today are moving differently
Overview of the foreign exchange market 7.07.2009
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