Last Friday, the euro / dollar fell on the American session to a mark 1.3583
By admin at 4 May, 2010, 9:13 pm
Last Friday, the euro /dollar fell on the American session to a mark 1.3583, which is 160 points below the day"s maximum. Couple pound /dollar sank to a mark 1.5560. Couple dollar /yen established near the mark of 89.40 after falling to 88.80. Cross exchange rate of euro /yen was trading at the end of the session near the level of 122.00.
The experts noted that the weakening of the currency of the European bloc have speculation about the fact that significant problems with the financing of the budget deficit is not only Greece, but Portugal and with Spain.
This is reflected in a significant pressure on risky tools falling of quotations on the stock markets, as well as reducing the price of oil and precious metals.
Yesterday, the Dow Jones index of New York Stock Exchange rose 10.05 points (0.10%). The Nasdaq rose 15.69 points (0.74%). SP 500 index rose 3.08 points (0.29%).
Yesterday index Frankfurt Stock Exchange Xetra DAX fell 98.90 points (-1.79%). The London FTSE 100 index fell 78.39 points (-1.53%). Bloomberg European 500 Index dropped to 3.51 points (-2.06%).
Nonfarm payrolls in the U.S. for January 2010 was-20K (the forecast was 10K, the previous value revised to-85K to-150K).
Unemployment rate in the U.S. for January 2010 was 9.7% (forecast was 10.0%, the previous value of 10.0%).
The experts noted that the survey data of the labor market in the United States was neutral, the worst fears of investors have not been confirmed, and at the same time, optimism is not particularly inspired.
Consumer credit in the United States billions of dollars for December 2009 was -1.8 (forecast was -10.0, the previous value revised to -17.5 to -21.8).
Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Tokyo Stock Exchange"s Nikkei 225 falls 96.26 points (-0.96%). Index of the Hong Kong Stock Exchange Hang Seng falls to 41.11 points (-0.21%). Singapore Straits Times Index rose 8.90 points (0.33%). Index SP /ASX 200 rose by 7.30 points (0.16%).
Today in Asia, the euro /dollar is trading near 1.3637. Pound /dollar traded near the 1.5587 mark. A pair dollar /yen is trading slightly above the level of 89.30. Gold is trading close to 1066.70 dollars per troy ounce.
Oil futures traded in Asia with an increase. Contract WTI Nymex delivery on March 10 rose by 57 cents to $ 71.76 a barrel, remaining near a session high $ 72.14.
Start the European session is not made adjustments to the dynamics of the currency market. Forex market is closely monitoring the dynamics of the stock market and emerging macroeconomic statistics.
My tactical views:
EUR /USD (5 /10 - the trend downwards): Today analysts" forecasts - for sale in Rendžov: 1.3600-1.3750. Today, expect short-term market correction up. Therefore, we can trade on short-term impulse buying below the 1.3600 and T /P = 1.3750, S /L = 1.3590. For positional traders are openingdbbdown the local daily leaders. Actively move the foot, locking profits.
GBP /USD (5 /10 - trend is down):
For short-term players better be in buying. Actively move the foot, locking profits.
USD /CHF (5 /10 - Trend Up):
Today is better to be out of the market.
actively moving the foot behind the market, protecting profit.
USD /JPY (5 /10 trend sideways):
Today, trading within the corridor 89.00-90.50: better to be small purchase with a full-time lows.
actively moving the foot behind the market, protecting profits.
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