Euro dollar today is trying to recover after reversing earlier sales, boost which gave news of the credit rating agency Moody's downgraded Greece with B1 to Caa1. Breakthrough above $ 1.4365 euro dollar supported some reduction of short positions, and is currently a couple tests Ofer near $ 1.4380/85 euros to the dollar but dealers point out that, while sentiment remained good, the bulls are reluctant to take aggressive action, and the volumes of trades are moderate, taking into account the holiday in some countries in Europe. They draw attention to the fact that the euro since early May was unable to form a close above forty-fourth of the shape, and such are needed to improve the prospects for the development of the situation, as well as more pronounced weakening risks remain. Bids now visible in the region of $ 1.4665 and $ 1.4350/45 euro dollar with stops lower breakthrough they would signal a resumption of downward momentum.
News from Greece gave the force the oxen on the euro.
News that the Government of Greece agreed to accept the new package of measures to reduce the budget deficit in the amount of (e) 6.4 billion, including by raising taxes very positively on the dynamics of euro dollar that finally broke the defences bears in the region of $ 1.4450 euro dollar. Under pressure were in Ofer $ 1.4500 euro dollar where slovamdilerov is the large optional barrier, and the bulls now set their sights on foot placed behind $ 1.4510 euro dollar. Implementation may support more active elimination of short positions and pave the way for the growth of $ 1.4525, $ 1.4550 and $ 1.4570 euro dollar. Citigroup: the dollar/Yen could fall to Y79-78
Bid on Wednesday, the franc and the yen rose against most major currencies amid a declining appetite for risk, caused by the weak macroeconomic data published in the United States and China. "A stream of disappointing statistics from the United States that took place recently, signals a slow recovery of the US economy," said Greg Anderson, senior currency strategist of Citigroup in New York. -"If NFP report proves to be so weak as it predicts the ADP and yields of 10-year-old and 2-year-old bonds will fall below 3% and 0.40%, respectively, the dollar/Yen probably strikes the support Y80 and take in the area of Y79-78".
Source: http://Forexpf.Ru-Forex market news
Located above the level of $ 1.6360 pound dollar foot work, while increasing upward momentum helped pair pound dollar consolidated above $ 1.6375 a pound to the dollar. Market participants, who opened long positions in the area of $ 1.6320/10 pound dollar closes them above the level of $ 1.6360 pound dollar. Currently, pound/dollar keeps on 1.6377 pound dollar. Breakthrough $ resistance movement to 1.6380 pave the way for $ 400 pound dollar 1.6395/above which observed strong interest in the range $ 1.6420/25 pound dollar.
Source: http://Forexpf.Ru-Forex market news
The euro rose against the dollar on Thursday in Asia, recent weak economic performance of the United States led investors to believe that the Federal Reserve could eventually raise the question of taking additional measures to ease in coming months. Institute for supply management United States yesterday showed that business activity fell to 53.5 in May with 60.4 in April, and was below the expected 57.0 separately, the number of jobs in the private sector has grown by 38000 in United States last month, according to the national report on the employment of Automatic Data Processing. Consensus forecast was 190000. The result does not bode well for the long-awaited data on employment outside the agricultural sector on Friday. Market participants more pessimistic assess the prospects of United States and some of them even started thinking that maybe the FED will continue to implement further measures quantitative easing in the future. "The market is focused on economic records of the United States," said Yuzo Sakai, Senior Manager at the Tokyo Forex & Ueda Harlow. If the data for the United States would have been weaker than expected, "assumptions about the third stage of quantitative easing will become much more that hurt the dollar," said Sakai.
Source: http://www.dealingcity.ru
"Further increases in interest rates is under consideration" in the eurozone said in an interview with a member of the Executive Council of the ECB Juergen Stark. Stark, who used the plural form to describe the trajectory of the interest rate the Central Bank, said that the current policy of the ECB with interest rate of 1.25% "is still very soft" and that "negative real interest rates no longer correspond to current economic and inflationary projections" in the eurozone.
Source: http://k2kapital.com
3:50 Japan business capital expenditures 1 m2. 2011.
3:50 Japan monetary base may
Australia retail sales, 5:30
5:30 Australia trade balance, n/a 2.1 billion. AUD $ 1.74 billion.
12:30 United Kingdom Index of business activity in the construction sector, n/a 53.8 53.3
13:15 Eurozone the ECB President j.-k. Trichet
16:30 United States applying for the unemployment allowance 23.05-29.05 n/a 427.000 424.000
16:30 United States revised data on productivity in the non-agricultural sector 1 m2. 2011, n/a 1.8% kV/kV 1.6% m2/m2
16:30 United States revised data on labour costs 1 m2. 2011, n/a 0.8% 1.0% m2/m2 m2/m2
18:00 United States Orders in industry, n/a -0.3% m/m 3.4% m/m
18:30 United States natural gas Change 23.05-29.05 n/a n/a 105 million. the cube. feet
19:00 United States oil Change 23.05-29.05 n/a n/a 0.6 million. barrels
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