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Depreciation of the dollar against the yen and the euro
U.S. data after disappointing sales of new homes that were announced yesterday, reversing the course of the dollar trading against the major currencies. Has achieved the euro and the yen gains against the U.S. currency, and both survived until today's meeting Thursday.
Economic Analysis
U.S. Dollar USD
- The dollar incurred losses after new home sales report
According to the report, which was announced yesterday, new home sales fell to its lowest level in 7 months. In spite of many positive indicators that have been announced on the American economy over the past weeks, but investor confidence in the recovery of the U.S. economy has been dampened by the report of the real estate market yesterday. Recorded sales of new U.S. homes read less than expected in November, causing damage to the dollar. After rising to its highest level in 3 months and a half months against the euro at 1.4216 on Tuesday, the dollar fell as it is traded at a time when the current level of 1.4345. Also saw the dollar / yen bearish movement after this report and it is traded at a time when the current level of 91.50. Could raise volatility in the U.S. currency, will be announced on the number of data that could determine the direction taken by the dollar in the near future. Will be announced at 13:30 GMT on both durable goods orders, excluding food and energy and weekly rates of complaints of U.S. unemployment. If these reports are compatible with expectations, the dollar may be able to reverse some of its losses. As if it was less than expected, the dollar decline more before the Christmas holiday.
EUR EUR
- The euro offset losses against the major currencies
The euro did not achieve great heights during yesterday's trading against the U.S. dollar only. After the announcement of the minutes of the meeting of the British monetary policy committee, the euro rose to its highest level during the whole week before GBP. Not be provided to British monetary policy committee of any clear indication about whether the British economy is improving with the approach of the new year or not. And thus decreased investor confidence, and increased confidence in the euro. Is trading the EUR / USD at a time when the current level of 0.8974, its highest level in 8 days. In the absence of baseline data from Europe or Britain on Thursday, traders expect the steadfastness of the current levels of these two currencies until next week when the markets open after the Christmas holiday. Today, traders will focus on economic indicators of America. If there is any American reading below expectations, they reinforce the gains achieved by the euro yesterday. On the other hand, recorded readings of the U.S. unemployment during the past few weeks reading is strong. If this trend continues, it will be bad news for the euro.
Japanese Yen JPY
- Depreciation of the yen against other currencies with high-risk
There were expectations that the Bank of Japan's beer will be kept on the interest rate at a low level in the near future to curb inflation. The yen fell against all currencies with the highest risk, especially for the Australian dollar, which rose by 0.2% against the yen. Currently, the pair is trading at 80.65. Traders continue to monitor this pair, as it might volatility in the Australian dollar to a downward correction in the near future. No important data from Japan before the weekend, and are therefore expected to be a quiet trading day. The Forex traders focus on the data weekly rates of complaints of U.S. unemployment, as they may have a significant impact on the movement of the dollar / yen. If this report is to read the positive, as this may cause a reversal in yen gains which had been made yesterday against the U.S. currency.
Crude Oil Crude Oil
- A sudden and strong rise in oil prices after U.S. report
Oil prices rose more than $ 2 a barrel yesterday after a report showed on Tuesday that lower oil deals in the U.S., including less than expected. America is the largest consumer of oil in the world. When the low oil deals there, oil prices rise to compensate for rising demand. Prices have risen further because of cold winter weather in the eastern part of the country. Oil is traded at the moment about the level of 77.25 dollars. Traders should wait for the market's reaction to U.S. data today, which will be an additional indicator of the direction that will take oil. If these data reflected the rate of recovery of the U.S. economy is negative, the oil prices continue to rise. On the contrary, if the reports were positive readings of America today, the Oil is falling on the current high levels.
Technical Analysis
EUR / USD EUR / USD
This pair mixed signals, where the RSI is already floating on the chart for two hours in overbought territory, and there is fresh bearish cross on the Slow Stochastic chart four hours, while moving the RSI is oversold. Of my favorite day of sale.
GBP / USD GBP / USD
The pair seems to provide mixed signals, as shown on the graph of the hours and hours to penetrate the bottom of the Bands, and RSI is floating on the graph of the hours near oversold territory, and the Slow Stochastic is showing on the hourly chart bullish cross imminent. On the other hand, appears on the slow stochastic on the daily chart is a bearish cross and RSI is already floating on the daily chart for eight hours in the overbought territory. It seems that today is the preferred long with tight stops.
USD / JPY USD / JPY
RSI is floating on the daily chart for eight hours in the oversold territory, while the Slow Stochastic is showing on the daily chart, as well as a bullish cross on the MACD chart for four hours. Appears that the purchase today is the best option.
USD / CHF USD / CHF
RSI is floating on the graph of the hours near oversold, while the Slow Stochastic is showing a graph of four hours and on MACD on the hourly chart bullish new intersections. Will buy today is a wise choice.
Euro / Norwegian crown
RSI is floating on the graph of two hours and four hours in the oversold territory while the Slow Stochastic is showing on the daily chart and for four hours a bullish again. And displays the MACD chart is a bullish new hours as well. Thus Forex traders are advised to enter buy today.
موضوع: Depreciation of the dollar against the yen and the euro from forexyard 24/12/09 
الجمعة ديسمبر 25, 2009 2:12 am
