Comments from FED Chairman Ben Bernanke surprised many investors when he cry on stronger dollar, which could cause the strength of the dollar in the days ahead into. Not On the other hand, the dollar is still pressing down on the unexpected spikes in risk appetite following positive coverage status as reduced safe Haven. After last week with a decline in consumer confidence, is safe harbors, such as the USD and JPY again began extracting some of their strength.
USD - USD Statements Bernanke reduction in short-term Strength Ahead?
After the small slide in the USD trading yesterday, the dollar began to like it again some of the previously lost ground, but the market is still shaky. The dollar spent most of the trading day yesterday, the land acquisition on the EUR and JPY, the storage level of 1.4807 and 89.52 respectively. By the end of the trading session, however, was the USD Reverse course and began to lose against the key competitors.
Comments from FED Chairman Ben Bernanke surprised many investors when he cry on stronger dollar, which could cause the strength of the dollar in the days ahead into. Not On the other hand, the dollar is still pressing down on the unexpected spikes in risk appetite following positive coverage status as reduced safe Haven.
As the U.S. prepares to enter its holiday shopping season, retailers will be an important factor in currency appreciation in the second half of November and December total. Traders should take note of the reports in the weeks ahead when the market will drive this time of year.
Looking at today, forex traders have two key reports from the United States, will be released at the same time at 13:30 GMT. The first building permits will reveal the status of the housing sector of America. The second is the monthly CPI data, the level of consumer price inflation between the highlights of last month. Volatile trading today on the reports because monetary policy is the introduction of Britain on a few hours earlier.
EUR - EUR Bearish fall following the consumer confidence
Was found to be 16-nation European currency to be set up in the market after recent statements by a number of central bankers called for a strengthening U.S. dollar. Interest rates appeared not get that many banks in the near future, and the news helped keep down pressure on European currencies, and bankers to proceed with economic growth.
The euro weakened as much as 1.4807 against the dollar, and dropping below 132.50 against the Yen. The weakness can easily make that back the market risk aversion following the fall in consumer confidence last week and the largest trade balances.
The British Monetary Policy Committee (MPC) due to release the minutes from recent policy meeting later this morning. The results expected little change from the statements Mervyn King is one week ago to show a steady interest rates and the possibility to purchase other bonds could still open. British central bankers hinted that their economy is growing as they wish, and left on the table are measures to tackle any further weakness.
As for other reports today, set the European Central Bank (ECB) president Jean-Claude Trichet to speak at a meeting on relatively less important and pension insurance company in Frankfurt. While it should not create a volatility event yet, the opportunity to open for any movement after his statements.
JPY - JPY receiving increasing risk aversion
With an increase in risk aversion, the JPY was a favorite past growth of trade. Climbing as high as 132.44 against the euro and 82.47 against the AUD trading following liquidation, which are ready to further Yen strength against these currencies without any significant news in what is later corrected.
After last week with a decline in consumer confidence, is safe harbors, such as the USD and JPY started it again some strength. With the holiday season in Europe and the United States approaching, the chances are that the force can come as investors draw money from a safe asylum for holiday gift-buying, but the movement can not actual market conditions, but short-changes term cosmetic production.
Crude oil - Oil Prices Defy the USD strengthening exceeded $ 80
The price of crude oil climbed back above $ 80 per bairille in early trading hours today, despite the sudden increase of USD strength. Speculators believe the sudden rise in risk aversion as a sign that commodity prices continue to increase as a hedge against inflation. Gold prices are still climbing, and even money on a break is an important psychological price level of $ 18 per ounce.
With commodity prices climbing appears, in the current crude oil price to maintain the option to go even higher as the northern Hemisphere prepares for the winter months ahead. Supply and demand is still likely to lag doubtful, but speculators continue to believe that oil prices caused by the hope for further growth on the consulting industry in 2010 indicate. Investors will be waiting to see and if the speculators were right to be assessed.
Technical News
EUR / USD
The chart shows the time the Relative Strength Index trading in over bought area, signaling might offer down. The graph is tightening its Bollinger Bands, which reflects the potential for violation of the bonds early. Many traders may be short on the pair.
GBP / USD
The chart shows cable hours to start moving from less Bollinger Band and the pair have the ability to climb to the upper Bollinger Band. There is a limit to profit taking, a better price for the two upper Bollinger Band at 1.6835. The best price can also enter the market with sell limit entry to the same price.
USD / JPY
The USD / JPY 4-hour chart and the chart shows hours of tightening a couple Bollinger Bands, which reflects the potential for infringement shortly. The hourly rate for short-term trend which began on the two upper Bollinger Band, crossing the 20 day average line. The term, the potential to achieve a pair of lower Bollinger Band. Traders may be tempted to limit or 89.08 to enter long at the same price.
USD / CHF
Yesterday the couple showed bullish strength, Touching 1.2007 key resistance level course and then reversed. The chart shows hours of tightening a pair of Bollinger Bands, which reflects the potential for infringement shortly. The graph shows the two floating Relative Strength Index in oversold zone. This can be shown on the couple could be another upward price movement. Traders may want the long pair today.
Wild Card
Wild Card - Gold
Gold hit a new high of 143.15 yesterday, but the trends are graphs showing down today. The daily chart shows bearish cross on the property made the Stochastic Slow Oscillator's, where there is potential for a move down. Would be adjusted down further evidence could be supported by the pair trading in the Relative Strength Indicator overbought zone. This could give cause commodity and forex traders to go short on gold today.
USD - USD Statements Bernanke reduction in short-term Strength Ahead?
After the small slide in the USD trading yesterday, the dollar began to like it again some of the previously lost ground, but the market is still shaky. The dollar spent most of the trading day yesterday, the land acquisition on the EUR and JPY, the storage level of 1.4807 and 89.52 respectively. By the end of the trading session, however, was the USD Reverse course and began to lose against the key competitors.
Comments from FED Chairman Ben Bernanke surprised many investors when he cry on stronger dollar, which could cause the strength of the dollar in the days ahead into. Not On the other hand, the dollar is still pressing down on the unexpected spikes in risk appetite following positive coverage status as reduced safe Haven.
As the U.S. prepares to enter its holiday shopping season, retailers will be an important factor in currency appreciation in the second half of November and December total. Traders should take note of the reports in the weeks ahead when the market will drive this time of year.
Looking at today, forex traders have two key reports from the United States, will be released at the same time at 13:30 GMT. The first building permits will reveal the status of the housing sector of America. The second is the monthly CPI data, the level of consumer price inflation between the highlights of last month. Volatile trading today on the reports because monetary policy is the introduction of Britain on a few hours earlier.
EUR - EUR Bearish fall following the consumer confidence
Was found to be 16-nation European currency to be set up in the market after recent statements by a number of central bankers called for a strengthening U.S. dollar. Interest rates appeared not get that many banks in the near future, and the news helped keep down pressure on European currencies, and bankers to proceed with economic growth.
The euro weakened as much as 1.4807 against the dollar, and dropping below 132.50 against the Yen. The weakness can easily make that back the market risk aversion following the fall in consumer confidence last week and the largest trade balances.
The British Monetary Policy Committee (MPC) due to release the minutes from recent policy meeting later this morning. The results expected little change from the statements Mervyn King is one week ago to show a steady interest rates and the possibility to purchase other bonds could still open. British central bankers hinted that their economy is growing as they wish, and left on the table are measures to tackle any further weakness.
As for other reports today, set the European Central Bank (ECB) president Jean-Claude Trichet to speak at a meeting on relatively less important and pension insurance company in Frankfurt. While it should not create a volatility event yet, the opportunity to open for any movement after his statements.
JPY - JPY receiving increasing risk aversion
With an increase in risk aversion, the JPY was a favorite past growth of trade. Climbing as high as 132.44 against the euro and 82.47 against the AUD trading following liquidation, which are ready to further Yen strength against these currencies without any significant news in what is later corrected.
After last week with a decline in consumer confidence, is safe harbors, such as the USD and JPY started it again some strength. With the holiday season in Europe and the United States approaching, the chances are that the force can come as investors draw money from a safe asylum for holiday gift-buying, but the movement can not actual market conditions, but short-changes term cosmetic production.
Crude oil - Oil Prices Defy the USD strengthening exceeded $ 80
The price of crude oil climbed back above $ 80 per bairille in early trading hours today, despite the sudden increase of USD strength. Speculators believe the sudden rise in risk aversion as a sign that commodity prices continue to increase as a hedge against inflation. Gold prices are still climbing, and even money on a break is an important psychological price level of $ 18 per ounce.
With commodity prices climbing appears, in the current crude oil price to maintain the option to go even higher as the northern Hemisphere prepares for the winter months ahead. Supply and demand is still likely to lag doubtful, but speculators continue to believe that oil prices caused by the hope for further growth on the consulting industry in 2010 indicate. Investors will be waiting to see and if the speculators were right to be assessed.
Technical News
EUR / USD
The chart shows the time the Relative Strength Index trading in over bought area, signaling might offer down. The graph is tightening its Bollinger Bands, which reflects the potential for violation of the bonds early. Many traders may be short on the pair.
GBP / USD
The chart shows cable hours to start moving from less Bollinger Band and the pair have the ability to climb to the upper Bollinger Band. There is a limit to profit taking, a better price for the two upper Bollinger Band at 1.6835. The best price can also enter the market with sell limit entry to the same price.
USD / JPY
The USD / JPY 4-hour chart and the chart shows hours of tightening a couple Bollinger Bands, which reflects the potential for infringement shortly. The hourly rate for short-term trend which began on the two upper Bollinger Band, crossing the 20 day average line. The term, the potential to achieve a pair of lower Bollinger Band. Traders may be tempted to limit or 89.08 to enter long at the same price.
USD / CHF
Yesterday the couple showed bullish strength, Touching 1.2007 key resistance level course and then reversed. The chart shows hours of tightening a pair of Bollinger Bands, which reflects the potential for infringement shortly. The graph shows the two floating Relative Strength Index in oversold zone. This can be shown on the couple could be another upward price movement. Traders may want the long pair today.
Wild Card
Wild Card - Gold
Gold hit a new high of 143.15 yesterday, but the trends are graphs showing down today. The daily chart shows bearish cross on the property made the Stochastic Slow Oscillator's, where there is potential for a move down. Would be adjusted down further evidence could be supported by the pair trading in the Relative Strength Indicator overbought zone. This could give cause commodity and forex traders to go short on gold today.
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