Last Friday a pair of Euro / dollar fell to 1.3972

Written by admin on July 6th, 2009

Last Friday in the United States was a public holiday, financial markets in the country were closed. Therefore, the foreign exchange market was thin and uncertain.

Last Friday a pair of Euro /dollar fell to 1.3972, about 40 points below the maximum daily .. Pound /dollar reached 1.6300. The pair dollar /yen consolidated near the 96.00 level. Exchange Euro /yen has fallen from a level of 134.50 to 134.10.

Last Friday the stock market index of the Frankfurt Xetra DAX fell 10.28 points (-0.22%). The index of London Stock Exchange FTSE 100 rose 2.01 points (0.05%). The index of the Paris stock exchange CAC 40 rose by 3.10 points (0.10%).

Last Friday the price of WTI crude oil in New York fell to a mark 66.00 dollars a barrel. The price of gold has stabilized around the level of 930 dollars per troy ounce, which is about four dollars less than the daily maximum.

Last Friday the Ministry of Finance of Japan said that the role of the United States dollar as world reserve currency is not in doubt. It was also noted that the Group of Eight countries should contribute to the stability of U.S. currency.

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 crashes at 130.50 points (-1.33%). Index of the Hong Kong Stock Exchange on the Hang Seng rising 18.38 points (0.10%). Singapore Straits Times Index slabeet at 11.36 points (-0.49%).

Today in Asia pair dollar /yen declined to 95.20 marks. Rate euro /yen fell to 132.90 marks. Exchange Euro /dollar fell on the Tokyo session to 1.3950. Pound /dollar traded near 1.6260 level.

Today in Asia on a thin market there is a rebound top dollar index, but it still remains within a fairly narrow range. In this context, many currency strategists expect that in the coming weeks of trade remain the same. They note that in order to be able to talk about the formation of a new trend in American currency, it is necessary to break a resistance at 82.75, or support near 77.55. The index of the dollar this morning traded close to the level of 79.70.

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.

EUR /USD: (5 /10 - the trend sideways) : analysts' forecasts for today - to bid in the range: 1.3920-1.4100. Today, expect short-term correction of the market up. Therefore it is possible to short sell on impulse buying from the bottom of 1.3920, T /R = 1.4100, S /L = 1.3890. 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 95.20-96.00: better to be in a small purchase with a daily minimum.

actively move the foot, followed by the market, while protecting profits.

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