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Stability of the major currencies as investors doubted what will resonate to the conditions
Are now witnessing the stability of major currencies near the levels of the inaugural session today in light of differing vision of the current situation and future of the global economy, where we have seen many of today's positive data, which showed a decline in jobless claims the U.S. Contrary to expectations to their lowest level since April of 2008, in addition to the high consumer confidence and indicators lead to better-than-expected in the United States of America, as we have also seen widening the British economy during the third quarter by 0.6% in the final reading compared to the second reading, which indicated that the growth rate of 0.5%, the thing that gives more hope for investors towards the recovery of world economy During the coming period.
On the other hand, we have seen yesterday the European Central Bank to sell about 489 billion euros of loans with a duration of three years to provide liquidity in the European markets within the Bank's efforts to contain the crisis of European sovereign debt, but that did not reassuring enough in the minds of investors, especially in light aggravation of the crisis that would crush the credit assessment of European Union countries, as we have seen today, the final reading of gross domestic product (GDP), which showed moderate growth of the U.S. economy during the third quarter by 1.8% compared to the second reading of the previous pointed to the wide world's largest economy by 2.0%.
It is worth mentioning that the positive economic data we have seen in recent times by the largest economy in the world, which supports the expectation that the fact that the world's largest economy on the right track to recovery please him, restoring hope to the hearts of investors to contain the repercussions of the worst global financial crisis since the Depression Great, note that this recovery is still questionable, especially in light of worsening sovereign debt crisis and the economic and political confusion witnessed by the European region as a result of the crisis that hit so far by five European governments, which may adversely affect one way or another on the recovery of the region's economies European and global economy, the thing that led to that the stability that we are witnessing against major currencies after positive data for the largest economy in the world, especially the state of skepticism and reluctant to reduce the risk appetite of investors.
Accordingly, we saw the EUR against the U.S. dollar is trading at its highest level, which was opened by then today's session after the erosion of gains made early on, note that the pair is currently trading at levels of 1.3051 dollars, having achieved the pair the highest level in today's trading at levels of 1.3118 dollars, its lowest level at 1.3016 dollars, momentum indicators on the chart for one hour and four hours daily, it refers to the possibility of reflux pair overbought area, it is expected that the pair today among the key support level at levels of 1.2790 and the key resistance at levels of 1.3220.
As for a man of sterling against the U.S. dollar, Vidol is another one at the highest levels that opened then today's session but the gains made by the husband in the early trading session has been reduced significantly, the pair currently at levels of 1.5682, and that, having achieved the highest level when the levels of 1.5728 and low as 1.5648, momentum indicators on the chart for one hour and four hours daily, it refers to the possibility of reflux pair overbought area, it is expected pair today among the key support at levels of 1.5420 and key resistance at levels of 1.5880 .
We do so for a couple of the U.S. dollar Japanese yen, which rose on the drawing of the level of daily, currently trading at levels of 78.14, and that, having achieved the highest level at the levels of 78.19 and low as 77.99, momentum indicators on the chart per hour and daily level refers to the continuation of echo pair is in the oversold area, although it is close to the overbought area, in addition to being on the levels of four hours refers to the conversion pair overbought area, it is expected pair today among the key support at levels of 76.10 and key resistance at levels 79.55 .
Are now witnessing the stability of major currencies near the levels of the inaugural session today in light of differing vision of the current situation and future of the global economy, where we have seen many of today's positive data, which showed a decline in jobless claims the U.S. Contrary to expectations to their lowest level since April of 2008, in addition to the high consumer confidence and indicators lead to better-than-expected in the United States of America, as we have also seen widening the British economy during the third quarter by 0.6% in the final reading compared to the second reading, which indicated that the growth rate of 0.5%, the thing that gives more hope for investors towards the recovery of world economy During the coming period.
On the other hand, we have seen yesterday the European Central Bank to sell about 489 billion euros of loans with a duration of three years to provide liquidity in the European markets within the Bank's efforts to contain the crisis of European sovereign debt, but that did not reassuring enough in the minds of investors, especially in light aggravation of the crisis that would crush the credit assessment of European Union countries, as we have seen today, the final reading of gross domestic product (GDP), which showed moderate growth of the U.S. economy during the third quarter by 1.8% compared to the second reading of the previous pointed to the wide world's largest economy by 2.0%.
It is worth mentioning that the positive economic data we have seen in recent times by the largest economy in the world, which supports the expectation that the fact that the world's largest economy on the right track to recovery please him, restoring hope to the hearts of investors to contain the repercussions of the worst global financial crisis since the Depression Great, note that this recovery is still questionable, especially in light of worsening sovereign debt crisis and the economic and political confusion witnessed by the European region as a result of the crisis that hit so far by five European governments, which may adversely affect one way or another on the recovery of the region's economies European and global economy, the thing that led to that the stability that we are witnessing against major currencies after positive data for the largest economy in the world, especially the state of skepticism and reluctant to reduce the risk appetite of investors.
Accordingly, we saw the EUR against the U.S. dollar is trading at its highest level, which was opened by then today's session after the erosion of gains made early on, note that the pair is currently trading at levels of 1.3051 dollars, having achieved the pair the highest level in today's trading at levels of 1.3118 dollars, its lowest level at 1.3016 dollars, momentum indicators on the chart for one hour and four hours daily, it refers to the possibility of reflux pair overbought area, it is expected that the pair today among the key support level at levels of 1.2790 and the key resistance at levels of 1.3220.
As for a man of sterling against the U.S. dollar, Vidol is another one at the highest levels that opened then today's session but the gains made by the husband in the early trading session has been reduced significantly, the pair currently at levels of 1.5682, and that, having achieved the highest level when the levels of 1.5728 and low as 1.5648, momentum indicators on the chart for one hour and four hours daily, it refers to the possibility of reflux pair overbought area, it is expected pair today among the key support at levels of 1.5420 and key resistance at levels of 1.5880 .
We do so for a couple of the U.S. dollar Japanese yen, which rose on the drawing of the level of daily, currently trading at levels of 78.14, and that, having achieved the highest level at the levels of 78.19 and low as 77.99, momentum indicators on the chart per hour and daily level refers to the continuation of echo pair is in the oversold area, although it is close to the overbought area, in addition to being on the levels of four hours refers to the conversion pair overbought area, it is expected pair today among the key support at levels of 76.10 and key resistance at levels 79.55 .
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