Investor optimism toward an agreement on the debt of forexyard 1/8/2011
In the name of God the Merciful
Peace, mercy and blessings of God and
Forex Yard offers you comprehensive daily analysis of the Forex market by a team of experts in technical analysis, which is always keen to provide better services to its customers
Investor optimism towards the agreement on American religion today
Likely to be high volatility and risk appetite today and with the consideration that today is the last day before the deadline to raise the U.S. debt ceiling.
Economic Analysis
U.S. Dollar
Rise in the U.S. dollar towards the end of talks on U.S. debtUSD saw bullish to some extent with the start of trading this week, as traders expect the end of the talks on the U.S. debt, which assumes many traders to conclude these talks obstacle to the debt ceiling, which was the primary focus of attention during the past few weeks. It was supposed to get the dollar upward momentum of this situation because investors turned to safer assets, but the concern of the inability of Congress to address the impending debt crisis has led to the U.S. dollar exposure to repeated attacks. Although the positive and negative news, but traders have tended to sell higher-yielding assets in general, due to cooling of the European economy and the U.S. economy. With the approaching deadline for the U.S. debt ceiling, a rapid in the second of August, we now cover the operations in the market, where he is the Swiss franc and Japanese yen as inventory replacement value. The USD / JPY fell below the levels at which the Bank of Japan may intervene then, and is currently trading near 77.50. During today's trading, will be announced PMI U.S. industrial at 15:00 GMT. And possibly high levels of volatility and risk appetite today and with the consideration that today is the last day before the deadline to raise the U.S. debt ceiling.
Euro
Conflict with the movement of the euro traders waiting for news about the U.S. debt ceilingCirculation of the euro has a conflict this morning after bad news about the U.S. economic growth and European, in addition to intensifying expectations before the end of talks on the U.S. debt. And against the U.S. dollar, the euro traded to decline in the trading session Friday, where the investments go to secure money to move away from the euro and direction to the assets portfolio value. And traders looking for a way to achieve a balance between the renewed risk appetite and the continued decline in global markets. He was optimistic about investing in the U.S. dollar at the moment with the approaching end of the talks on debt in the U.S. Congress, have made investors in the fork in the road. In the case of the failure to raise the ceiling on U.S. debt, this may result in the inability of the U.S. government, which may consequently cause the reduction in credit rating of U.S. debt and global economies to push downward direction to all sectors. The opinion has become a negative in the euro area, which is expected by many analysts and economists to go to the safe-haven assets during the week. In the case of advertising for any negative data from the leading economies in the world, this may push the euro to fall further, and despite some optimism that has spread in the market this morning.
Australian Dollar
Witness the high Australian dollar, with support data rate of growthSaw a moderate rise in the Australian dollar against most other currencies this morning, and after that caused inflation data last week in the fall in prices in the markets of the Pacific. The Australian dollar has been subjected to waves of price and wide in the recent period because of the many changes in direction and away from riskier assets. Traders saw the shift to safe assets after the release of economic reports last Friday, but the consensus seems to be experiencing a conflict this morning. This helped the Australian dollar higher, as traders went to the currency because of high interest rates, in order to obtain profits from higher-yielding assets such as the Australian dollar and New Zealand dollar and the Scandinavian currencies. Was released last week PPI better than expected, but the Australian dollar has fallen down. In spite of the renewed rise in risk appetite may explain the recent rise of the Australian dollar, it does not seem that he would continue throughout the day.
Gold
Gold prices rise on Monday morningGold prices found support in the past week despite the growing strength of the U.S. dollar, which is priced such assets. And called on the precious metals this name because it is a traditional value stocks in times of instability. The trading price of gold moves slowly since June, but traders were awaiting the return of the high price because of the potential return of risk aversion again because of the increasing tensions in Greece and the approaching end of the talks on religion in America. With investors to the risks, gold was trading in the conflict, rising to its highest level ever at U.S. $ 1633.65 an ounce. Gold has not been affected much the sudden rise in the U.S. dollar due to rising risk aversion in the past week. And if it continues as it is the views towards the gold this week as it is, the price of gold will continue to receive support over the week.
Technical Analysis
EUR / USDAppears on the weekly chart of the Japanese model Candles "drain" rally, has said the wrong line after the break the downward trend that extends from the highest levels recorded by the price in May and July. After the retreat from this line of resistance, formed candle "doji" reflexivity, which refers to the potential decline of the euro / dollar. It seems that the first support level is at 1.4025, which represents the moving average of two hundred days. The next level of 1.3930, which represents the moving average of two hundred days. There is also support at the trend line extending upward from the lowest level in May. On the upside, the price will be needed to maintain the level of 1.4580 for the continuation of the bearish technical picture. In the case of close above this level, you may test the 1.4700 level and price level of 1.4940.
GBP / USDAfter three weeks of continuous rise of the British pound, the technical picture begins to change from bearish to bullish. The Pound rose above the level of resistance, which was supposed to repel any higher. The breach occurs first is a breakthrough line of the neck to form the head and shoulders at the level of 1.6185, while the breach occurs following the level of 1.6370, which is located at the former landed upside extending from the lowest level in May. At the present time, it will be the first level of resistance at the highest level of record on May 31 at 1.6550, followed by the highest level in April, at the 1.6745. In the case of lower GBP / USD, it is likely to test support at 1.6220, followed the previous trend line break and extending the highest level in April, which is now at 1.6140. In the case of breach of 1.6000 may extend towards the price level of 1.5780.
U.S. Dollar / Japanese YenYen strength came back strongly. The pair closed on a graph of the candles Japanese model of "bottom Almst" which indicates that the momentum is heading in the downward direction. The pair opened this week gap for the highest price, but the price has managed to survive under the short-term trend line extending from the highest level of record on July 20 and which is now at 78.05. There may be additional resistance at 79.60 and at 80.15, which represents the moving average of fifty-five days. Initial support is located at 76.70, the lowest level recorded last week, followed by the level of 76.11, its lowest level ever recorded, which in March. In the case of break of this level, the price will move to an area not reached by then was up to the psychological barrier at 75 and 70.
Dollar / Swiss FrancThe Swiss franc in the same situation as the Japanese yen, which tends to an area not reached by the graph, and there is still a tendency to sell, but it may be a gap opening up that appeared on Monday led to a model of "thief" reflex, which may lead to achieve some minor gains for the pair. The resistance level is at 0.8080 and 0.8275. In the case of rising above these levels, this may be the opportunity to sell to return to trend downward with a long-term target levels as large as 0.7800.
U.S. Dollar / Canadian DollarThe pair rose to the top on Friday to return to the level of resistance located at the Z line extends downward direction from the highest levels in June and July. And resistance is at 0.9600 today, which provides forex traders the opportunity to sell and return to the short-term downward trend.
In the name of God the Merciful
Peace, mercy and blessings of God and
Forex Yard offers you comprehensive daily analysis of the Forex market by a team of experts in technical analysis, which is always keen to provide better services to its customers
Investor optimism towards the agreement on American religion today
Likely to be high volatility and risk appetite today and with the consideration that today is the last day before the deadline to raise the U.S. debt ceiling.
Economic Analysis
U.S. Dollar
Rise in the U.S. dollar towards the end of talks on U.S. debtUSD saw bullish to some extent with the start of trading this week, as traders expect the end of the talks on the U.S. debt, which assumes many traders to conclude these talks obstacle to the debt ceiling, which was the primary focus of attention during the past few weeks. It was supposed to get the dollar upward momentum of this situation because investors turned to safer assets, but the concern of the inability of Congress to address the impending debt crisis has led to the U.S. dollar exposure to repeated attacks. Although the positive and negative news, but traders have tended to sell higher-yielding assets in general, due to cooling of the European economy and the U.S. economy. With the approaching deadline for the U.S. debt ceiling, a rapid in the second of August, we now cover the operations in the market, where he is the Swiss franc and Japanese yen as inventory replacement value. The USD / JPY fell below the levels at which the Bank of Japan may intervene then, and is currently trading near 77.50. During today's trading, will be announced PMI U.S. industrial at 15:00 GMT. And possibly high levels of volatility and risk appetite today and with the consideration that today is the last day before the deadline to raise the U.S. debt ceiling.
Euro
Conflict with the movement of the euro traders waiting for news about the U.S. debt ceilingCirculation of the euro has a conflict this morning after bad news about the U.S. economic growth and European, in addition to intensifying expectations before the end of talks on the U.S. debt. And against the U.S. dollar, the euro traded to decline in the trading session Friday, where the investments go to secure money to move away from the euro and direction to the assets portfolio value. And traders looking for a way to achieve a balance between the renewed risk appetite and the continued decline in global markets. He was optimistic about investing in the U.S. dollar at the moment with the approaching end of the talks on debt in the U.S. Congress, have made investors in the fork in the road. In the case of the failure to raise the ceiling on U.S. debt, this may result in the inability of the U.S. government, which may consequently cause the reduction in credit rating of U.S. debt and global economies to push downward direction to all sectors. The opinion has become a negative in the euro area, which is expected by many analysts and economists to go to the safe-haven assets during the week. In the case of advertising for any negative data from the leading economies in the world, this may push the euro to fall further, and despite some optimism that has spread in the market this morning.
Australian Dollar
Witness the high Australian dollar, with support data rate of growthSaw a moderate rise in the Australian dollar against most other currencies this morning, and after that caused inflation data last week in the fall in prices in the markets of the Pacific. The Australian dollar has been subjected to waves of price and wide in the recent period because of the many changes in direction and away from riskier assets. Traders saw the shift to safe assets after the release of economic reports last Friday, but the consensus seems to be experiencing a conflict this morning. This helped the Australian dollar higher, as traders went to the currency because of high interest rates, in order to obtain profits from higher-yielding assets such as the Australian dollar and New Zealand dollar and the Scandinavian currencies. Was released last week PPI better than expected, but the Australian dollar has fallen down. In spite of the renewed rise in risk appetite may explain the recent rise of the Australian dollar, it does not seem that he would continue throughout the day.
Gold
Gold prices rise on Monday morningGold prices found support in the past week despite the growing strength of the U.S. dollar, which is priced such assets. And called on the precious metals this name because it is a traditional value stocks in times of instability. The trading price of gold moves slowly since June, but traders were awaiting the return of the high price because of the potential return of risk aversion again because of the increasing tensions in Greece and the approaching end of the talks on religion in America. With investors to the risks, gold was trading in the conflict, rising to its highest level ever at U.S. $ 1633.65 an ounce. Gold has not been affected much the sudden rise in the U.S. dollar due to rising risk aversion in the past week. And if it continues as it is the views towards the gold this week as it is, the price of gold will continue to receive support over the week.
Technical Analysis
EUR / USDAppears on the weekly chart of the Japanese model Candles "drain" rally, has said the wrong line after the break the downward trend that extends from the highest levels recorded by the price in May and July. After the retreat from this line of resistance, formed candle "doji" reflexivity, which refers to the potential decline of the euro / dollar. It seems that the first support level is at 1.4025, which represents the moving average of two hundred days. The next level of 1.3930, which represents the moving average of two hundred days. There is also support at the trend line extending upward from the lowest level in May. On the upside, the price will be needed to maintain the level of 1.4580 for the continuation of the bearish technical picture. In the case of close above this level, you may test the 1.4700 level and price level of 1.4940.
GBP / USDAfter three weeks of continuous rise of the British pound, the technical picture begins to change from bearish to bullish. The Pound rose above the level of resistance, which was supposed to repel any higher. The breach occurs first is a breakthrough line of the neck to form the head and shoulders at the level of 1.6185, while the breach occurs following the level of 1.6370, which is located at the former landed upside extending from the lowest level in May. At the present time, it will be the first level of resistance at the highest level of record on May 31 at 1.6550, followed by the highest level in April, at the 1.6745. In the case of lower GBP / USD, it is likely to test support at 1.6220, followed the previous trend line break and extending the highest level in April, which is now at 1.6140. In the case of breach of 1.6000 may extend towards the price level of 1.5780.
U.S. Dollar / Japanese YenYen strength came back strongly. The pair closed on a graph of the candles Japanese model of "bottom Almst" which indicates that the momentum is heading in the downward direction. The pair opened this week gap for the highest price, but the price has managed to survive under the short-term trend line extending from the highest level of record on July 20 and which is now at 78.05. There may be additional resistance at 79.60 and at 80.15, which represents the moving average of fifty-five days. Initial support is located at 76.70, the lowest level recorded last week, followed by the level of 76.11, its lowest level ever recorded, which in March. In the case of break of this level, the price will move to an area not reached by then was up to the psychological barrier at 75 and 70.
Dollar / Swiss FrancThe Swiss franc in the same situation as the Japanese yen, which tends to an area not reached by the graph, and there is still a tendency to sell, but it may be a gap opening up that appeared on Monday led to a model of "thief" reflex, which may lead to achieve some minor gains for the pair. The resistance level is at 0.8080 and 0.8275. In the case of rising above these levels, this may be the opportunity to sell to return to trend downward with a long-term target levels as large as 0.7800.
U.S. Dollar / Canadian DollarThe pair rose to the top on Friday to return to the level of resistance located at the Z line extends downward direction from the highest levels in June and July. And resistance is at 0.9600 today, which provides forex traders the opportunity to sell and return to the short-term downward trend.
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