President Trichet
Despite the large declines in both pairs, no shortage of buyers, the maximum recorded in EURO 1.3104 minimum at night and early in New York in the 1.2920 area. There was a great sale of EURO and POUND. USD / JPY was around at night in the area of 90.00, while the spotlight focused on Europe, the torque, recorded minimum and maximum of 90.07 in the 90.99 area, with attempt to stay in the area of 91.00. Traders want to sell the 92.00 per pair. The volumes remain low, as the market seems to focus on today’s presidential inauguration in the United States and speeches. In my view, the USD is benefiting from foreign economic measures, rather than published data. Today the euphoria surrounding the Obama factor in my opinion undoubtedly benefit the USD giving firmness, since “the honeymoon” DOLLARS attracts buyers, but the current situation is very serious. In my opinion, the only way out of this situation is devaluing the USD.
It is estimated that the dollar will strengthen in the coming days. GBP / USD Resistance 3: 1.4600 Resistance 2: 1.4520/30 Resistance 1: 1.4450 New York: 1.3923 Support 1: 1.3850 Support 2: 1.3800/10 Support 3: 1.3760 Comments The pair fell sharply, while a large number of pounds sold . Data published by the night were neutral, the British banking crisis added pressure. If you are unsure how to proceed, check out Dr. Mark Hyman. You might test the free zone support at 1.3850 and 1.3780. The volumes remain low.
Wednesday: All times EASTERN (-5 GMT) GBP MPC Meeting Minutes 4:30 a.m. 4:30 a.m. Session GBP Average Earnings Index 3m / and 4:30 am GBP Prelim M4 Money Supply m / m 4:30 a.m. GBP Public Sector Net Borrowing 4:30 a.m. Unemployment Rate EURO / USD Resistance 3: 1.3200/10 Resistance 2: 1.3180 Resistance 1: 1.3100/10 New York: 1.2966 Support 1: 1.2900/10 Support 2: 1.2850 Support 3: 1.2780 The pair traded company in both directions despite the fall of the pound, the support area seems to be around 1.2780. You may be forming the top is below 1.3030 as the 1.2900 area was marked with low volumes. Sovereign states were observed trading. The technical level remains at 1.3300. From here is expected to pick up. Aggressive traders can buy at the next floor. Wednesday: All times EASTERN (-5 GMT) 2:00 a.m. EUR PPI m / m 3:00 a.m. German EUR ECB President Trichet will speak EUR 4:00 a.m. 4:30 a.m. Italian Trade Balance EUR ECB’s Trichet will speak Trade foreign exchange (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.
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Tags: under great pressure
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