The dollar is close to the highest level of forexyard 31/12/09

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The dollar is close to the highest level in 3 months amid signs of economic recovery

Index was the Chicago managers
Procurement reading better than expected and stocks fell, pushing down the dollar
U.S. to new highs against the euro and the yen on Wednesday. Of
Expected that the fact that the level of trading in a very narrow today, where the market will be in
Early. And tends to move light trading currencies strongly.

[right] Economic Analysis

U.S. Dollar USD

- Increase the dollar after economic data better than expected
The dollar rose against the euro and the yen on
On Wednesday after recording stock levels low, which helped to
Decline in demand for high-risk assets. Arrived in the dollar to 92.43 yen
The highest level since September 8. The dollar rose by 0.1% to 1.4338
Against the euro. As a record level of 1.4273 against the euro is the strongest level since 23
December U.S. currency got a little support after the announcement of index
Chicago PMI for December. On Wednesday, she Management Foundation
Support in Chicago, from which a measure of this indicator that the business sector has
Has risen to the level of 60.0, its highest reading since January 2006. Was
The expectations of investors showed a decline in the index to the level of 55.2. The enhanced
This reading of the expectations that the U.S. interest rates may be
Filed sooner than was expected before then. To be advertised rates
Weekly U.S. Unemployment Claims at 13:30 GMT.
Economists expect the report to the high level of 460 A of the level of 452
A. If this report is expected this reading was subjected to pressure dollar
Negative. Moreover, liquidity is very weak during this week and that
As usual, the Christmas holidays and New Year. This tends trading
Light to move currencies strongly.

EUR EUR

- Decline of the euro due to lower equity and profit-taking
The profit-taking and lower
Cash before the new year have set a tone of yesterday's trading on Wednesday. The
European shares fall below U.S. and reduced demand for the currency
Involved in high-risk and declining demand for the euro. The euro fell
Below the level of 1.43 early in the session but managed to compensate for loss
To be traded at a time when the current level of 1.4360. In New York on
Wednesday, the euro was trading at 1.4336, down from 1.4349 level
Who was at the end on Tuesday, and was at 132.56 against the yen
High level of 132.09. The cable is at 1.6078 against the dollar from
Level of 1.5902. Have been subjected to pressure the euro after the European Central Bank said
On Wednesday that loans to the private sector has decreased by 0.7% from
It was in November 2008, This is the third month of decline for this
Index, which indicates that the recovery in the euro area is still weak. Of
Expected to be weak trading Thursday, with Japanese markets closed
Will close its doors while European and American markets early. And
Expected announcement of some of the UK data, which will be announced on index
GBP Nationwide House prices from Wade at 7:00 pm GMT, and the report
Credit conditions of the Bank of England at 9:30 pm GMT.

Japanese Yen JPY

- Depreciation of the yen amid political discontent
The yen is weakening against the dollar
After a report from Reuters stated that the agency Standard & Poor's said that the
Credit rating of the Japanese economy, which is currently located at the level of AA may
Be threatened if it fails to reverse the procedures of monetary policy in reducing
Out of the country's debt and work on stability. The losses of the yen against the
The dollar after reports that the airline "Aerlin"
Japanese may be declared bankrupt. In the Japanese market closed today, has determined
Movement of the yen through the news coming from European and American markets.

Crude Oil Crude Oil

- Continued high crude oil amid a fall in stocks
Closed contracts for February delivery of oil
Light up 41 cents, or 0.5% when Msllbrmel Violar barrel
In New York electronic, the highest closing level since Nov. 19. The
Oil rose for a seventh consecutive day because of low stocks to the lowest
Level since March, with cooler weather helped America to increase demand for
Heating fuel. Oil prices have risen by 14% since December 14, to become less
From the highest level this year by two dollars. Oil prices closed yesterday
At the highest level in 6 weeks where stocks fell by 1.5 million
Barrels in the week ending on Dec. 25, the fourth decline
Respectively. The price of crude oil has more support due to concerns about
Instability in Iran and that it take its influence on the presentations
Oil from the second-largest oil producer in the Organization of Petroleum Exporting Countries (OPEC).
Oil prices also got support from signs that the economy
Is recovering from a recession.

Technical Analysis

EUR / USD EUR / USD
Show
Chart for four hours that the momentum is still bullish. However, the index
The relative strength moving near the upper limit, which indicates that the current trend
May be close to the end. And the graph of the hour, is still debugging
Downtrend already in place. And recognizes the validity of this patch also bearish cross on the
Slow Stochastic graph of two hours.

GBP / USD GBP / USD
Is
This pair is in the middle of a strong bullish, rising by more than 200 points in the
One day. At present, The Slow Stochastic on the graph
Per hour and daily chart to rise, it seems that the movement
May extend upward more. Appears that the purchase is the preferred option for this day
Husband.

USD / JPY USD / JPY
Over
Upward movement of the pair level of 92.40 yesterday. In light of all the signal
Oscillators on the graph of four hours to rise, you may experience
This pair 93.50, its highest level in 3 months.

USD / CHF USD / CHF
Seem
That the pair has fully resumed its downward movement and testing at the moment
Level of 1.0310. If that break of this level already, it is likely to be
There is another bearish movement with a target level of 1.0280.

[size = 21] Wild [/ size]

Crude Oil Crude Oil
Through
Past few days, crude oil rose to the level of $ 80 a barrel
Ago, is what appears to be a correction upward. Now, narrow Bollinger Bands
Chart for four hours, which indicates that there is a strong movement is imminent,
There is also a bearish cross on the Slow Stochastic, which indicates that the crude oil
Resumed its bearish trend. This might be a good opportunity for forex traders to enter the
Trend in the early stage.