Wednesday, May 27, 2009

Dollar up to the summit despite the deteriorating global economy

U.S. dollar may continue its strength in the global economic weakness Lusk. With the continuation of the downward momentum of the stock markets, the dollar has shown great strength. The trend will continue buying the dollar against key currencies this week, where the global economy in the suffering and hatred of the risk rates continue to rise. Economic Analysis U.S. Dollar USD - U.S. dollar higher, despite the negative economic data After the decline in prices in the stock market to its lowest level in 12 years during the past week, the reaction is the strong rise in the dollar. Against the euro, the dollar rose by almost 100 points in trading hours Pulley, is now trading near 1.2600 level. And achieved similar to the U.S. dollar rises Alpound at the beginning of the day at 1.4314 and is now near the 1.4260 level. Earn a dollar, and recently as a result of the weak global economy. In talking about the number of rescue plans, invoices stimulation, and the development of conditions for domestic investment, start many of the hedge fund in reliance on this coin, which benefit from the policy of economic protection. The economies that depend on exports, they suffer from this economic protection, as these economies to rise when the rates of import to restore the missing Alokhm during the times that the deteriorating situation on the international level. The dollar benefited from this situation. Pushed many banks and large financial firms from the high-risk investments and headed to the currencies that are considered a safe haven, and the dollar is a safe haven currency amid the basic now. As a consequence, in the opinion of traders are reflected in many of the supposed economic results. With the announcement of further negative data, traders expect the currency and the continued rise in commodities which are considered a safe haven - the dollar and gold - and reach the levels of force not seen since the centuries. There will be no different this week with the situation as it is expected to be made public on the many economic indicators, is expected to show all of the continued deterioration of the economy to all sectors. Euro EUR - the weakness of the euro is evidence of the deterioration of investor confidence Given the decline in value against the core currencies over the past few trading days, it seems that the desire to acquire at least the euro more and more traders. The euro has gained momentum in the downward trend against the euro is now moving under the terms of the level of 1.2600. In the face of Alpound, the euro suffered losses, too, approaching the level of 0.8840 in early trading hours today. Of the currency did not help the fact that the European Union has rejected demands the assistance of the last currencies in Eastern Europe in need of financial assistance. Thus, all the analysts fear could become a reality, it appears that the euro zone attracts competitors regard to the limitations of our trade and protection policy. The large economies such as Germany, the most affected by the small economies j Eastern Europe. After a series of economic data, which focused on the vulnerability, which became the euro-zone economy, it appears that the European Bank will be forced to cut interest rates again to reach 1.50%. Britain has followed this trend of cutting interest rates by 50 points to reach 0.50% on Thursday. The traders began to develop expectations for interest rate cut and many investors believed that this week of more weeks to raise the Forex market since the beginning of 2009. Japanese yen JPY - weakness of the yen, rising more clearly Traders noted, investors in the Japanese yen in recent times that the downward trend that has taken the Japanese currency. When the global economic recession, there was a dash to the transactions of purchase of spare borrowing when interest rates. This helped the yen's strength. With the continuation of negative data from other economies, the yen, acting for safe harbor. And now show signs of the Japanese yen, constant pressure by making investors worried about the state of the Japanese economy will not be able to address the weaknesses of the current wave. And handling at the highest levels to the basic currency in recent months, the yen is now preparing for the loss of most of its gains. In light of this negative turn of events in Japan, there is no doubt that the weakness of the currency's going to hurt the Japanese economy in ways that may make it difficult for Japan's economy recovery. Japanese yen is trading at its lowest level in 2009, when it reached the level of 79.55 against the dollar and 122.67 against the euro. Traders will not wish to see reflected in this direction any time soon. Oil Crude Oil - the continuing decline in oil demand, as is the case with crude oil prices After climbing to the highest rate in recent Andr $ 45 a barrel last week, crude oil prices continued to decline. Have seen a decline in the price of two days in a row and is now trading below the $ 44 directly. This comes immediately after the short-term increase was achieved after falling as low as 42.50 dollars in late trading hours on Friday. Many analysts said that the world in light of the economic recession is responsible for the downward trend in oil prices. This remains the case, as many analysts expect the rate of decline in the demand for more oil during the fiscal year 2009. Given that the specter of recession this show for investors, it is likely to continue the negative pressure on energy prices in spite of the last pieces of the rates of production from OPEC. Technical Analysis Euro / dollar EUR / USD Since the opening of trading this week, the husband fell by 100 points. Appears on the chart for four hours, there is downward price channel was formed and that the spouse test 1.2540. Traders looking to break the level of support for this channel, this may lead to a downward trend elsewhere. Alpound / dollar GBP / USD Alpound located within a narrow trading over a few days ago, where the act on the level of 1.4270. At the present time, shows the intersection of the downward Alastockacetk slow on the graph of the four hours that the husband had entered a downward trend with the possibility of targeting the 1.4200 level. Dollar / yen, USD / JPY This seems to be the husband had the upward trend after the composition of the summit at 79.65. Be the graph model for the daily candle "Duoji" three-way, indicating that a strong and imminent defeat, and refers to all the indicators of volatility and therefore decrease the downward momentum completely. May be evidence of penetration level of 96.80 on the health of the downward trend. The dollar / franc USD / CHF Since the composition of the bottom at 1.1460, reflected the course of the husband and is now trading around the 1.1700 level. Show signs of upward Almcd index and Alastockacetk slow chart for four hours and, therefore, upward movement seems to be imminent. Appears that the purchase was the preferred option today. Daily recommendation U.S. dollar / Norwegian Koruna USD / NOK Kma husband entered the upward trend in the recent very strong, up more than 1,500 points in a few days. Appears on the chart for four hours a price upward very clear, with a high likelihood of more. This could be a great opportunity for forex traders to enter into a strong trend.

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