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Volatile currency markets show inclined to show a little optimism
Financial markets appeared this day in some optimism, as the prices of high yield assets, and we have seen a trend towards positive jettisoning the traders from the U.S. dollar, causing a decline in the dollar exchange rate against a basket of major foreign currencies, as well as down the yen exchange rate. Although the U.S. dollar is still close to its highest level since 11 months but decreased from the levels achieved last week at 80.72 points, according to the U.S. Dollar Index, which measures the performance of the dollar against a basket of six major currencies.
Economic data showed the British that day that the economy is the Royal was able to grow more than it was declared previously, showing the final value of GDP in Britain that the economy achieved a growth of 0.6% in GDP during the third quarter, and thanks to a rise in overall investments which showed a growth of 0.3% during the third quarter and other details.
These economic data reduced fears of the implications of European sovereign debt crisis on the United Kingdom, where it is despite the fact that the crisis is still influential and largely on the economy, the Royal, but this effect appears slightly less than what was previously thought, and this is what support exchange rate of pound sterling is clearly against the U.S. dollar and also against the euro and many other foreign currencies including the Japanese yen.
Sterling
The exchange rate of pound sterling against the euro this day near its highest level in 11 months against the euro, which was able to pound that is approaching from the top achieved yesterday against the euro at the rate of 0.8300 pounds per euro for one, as he has achieved his highest this day against the euro at a price of 0.8311 pounds per euro.
For the exchange rate of the pound against the Japanese yen, Fenrah today and has risen to the level of 122.74 yen, the pound sterling each, and these levels are the highest for the pair since 15 / last November of this year.
As against the U.S. dollar, we think the pound sterling and rose today after touching the lowest price at 1.5653 dollars per pound, and when you achieve top price of $ 1.5727 per pound sterling. Although the pound sterling was able to make prices higher than yesterday against both the euro and U.S. dollar, but the positive and clear over the trading of the pound sterling this day, and it seems the many traders moved to the pound sterling when they were forced to leave the euro on worries sovereign debt crisis shows us that despite all the efforts extended European leaders.
For technical analysis, technical Valthalil shows us that the pound sterling should be able to stability above 1.5780 resistance even shows us his ability to rise, and only returned to the pound lower. Breaking the levels of 1.5555 may be a gateway to return to the downward trend of the pound really, so we see that technical analysis is not greatly optimistic about the pound sterling has not been referred to penetrate the resistance to it.
As well as fundamental analysis, it is not satisfied with the performance of the pound sterling, The state of tension in international financial markets to keep the upward trend-General of the U.S. dollar based, which may force the pound sterling on the back of the drop in later, and Analysts attribute Alosasiewn rise in the pound exchange rate to decline volumes and some profit taking and covering of short selling the pound has weakened the dollar, and the return to normal conditions after the end of the holiday season, may be due to the decline in the pound.
Euro against the U.S. dollar
After the failure happened yesterday in the wave of the euro rising against the euro because of concern of traders to be asked European banks heavily on ECB loans indication of the problems in the banking and financial sector of Europe, the euro today, trying to offset some losses against the dollar, and although the euro managed to achieve his highest this today at a price of 1.3118, but it is still trading at a significant weakness. Only the euro against the dollar this today in a minimum at a price of $ 1.3031 before bouncing up and tries to compensate for some losses.
Technical analysis shows us that the euro rebounded yesterday from the 1.3220 resistance level, and this day also rebounded from the nearest resistance level is 1.3120, and thus remain negative view of it. However, the stability level of 1.3000 on trading that could keep the side with the emerging trend attempts to confirm when broken. May not be able technical analysis reference for any possible bullish wave unless the proof of stability of the euro above 1.3270 resistance starters.
Analysts Alosasiewn very pessimistic towards the husband, the sovereign debt crisis and the slowdown in the international economy Icoaan weaken the euro dollar, and shows why the current rise in the euro exchange rate of the lower volumes in financial markets, as well as some centers to cover the short sale. European economic data and some of the statements the German showed that consumer confidence in Germany has supported the largest economy in the European Union, according to what was issued by the Ministry of European finance, but at the same time, the report said that "the economic data, the current point to the obvious weakness in the economy in the coming months, with a clear slowdown, especially in the manufacturing sector, "and this is what really indicates that the negative outlook of the European Union in general and prove that the debt crisis will not end easily and will remain influential in a negative confidence in general.
The U.S. dollar against Japanese yen
IMF chief warned that the international sovereign debt crisis has reached Africa! Such statements and cautions that the debt crisis is not exclusive to the European economy, but also caused a slowdown in the international economy in general.
Indices of Asian stocks today in marginally negative, although positive swept the major European stock indices. The MSCI Asian index fell today by 0.5% and heading for the biggest annual losses since 2008. The economic data exported from Japan, and expectations of the Bank of Japan indicate that the Japanese economy is experiencing a difficult phase, and this is what may make the Japanese central bank more aggressive in the face of any rise in the yen in the future, and thus, we see that the U.S. dollar rises against Japanese yen at every opportunity to help on that.
Today, the price of the U.S. dollar against the Japanese yen after touching the lowest price at 77.98 yen per U.S. dollar, with only a pair at the top at a price of 78.12 yen per U.S. dollar. Trading pair confined in a very narrow range for some time, and these trades refer to the tension is clear trends in the pair.
Financial markets appeared this day in some optimism, as the prices of high yield assets, and we have seen a trend towards positive jettisoning the traders from the U.S. dollar, causing a decline in the dollar exchange rate against a basket of major foreign currencies, as well as down the yen exchange rate. Although the U.S. dollar is still close to its highest level since 11 months but decreased from the levels achieved last week at 80.72 points, according to the U.S. Dollar Index, which measures the performance of the dollar against a basket of six major currencies.
Economic data showed the British that day that the economy is the Royal was able to grow more than it was declared previously, showing the final value of GDP in Britain that the economy achieved a growth of 0.6% in GDP during the third quarter, and thanks to a rise in overall investments which showed a growth of 0.3% during the third quarter and other details.
These economic data reduced fears of the implications of European sovereign debt crisis on the United Kingdom, where it is despite the fact that the crisis is still influential and largely on the economy, the Royal, but this effect appears slightly less than what was previously thought, and this is what support exchange rate of pound sterling is clearly against the U.S. dollar and also against the euro and many other foreign currencies including the Japanese yen.
Sterling
The exchange rate of pound sterling against the euro this day near its highest level in 11 months against the euro, which was able to pound that is approaching from the top achieved yesterday against the euro at the rate of 0.8300 pounds per euro for one, as he has achieved his highest this day against the euro at a price of 0.8311 pounds per euro.
For the exchange rate of the pound against the Japanese yen, Fenrah today and has risen to the level of 122.74 yen, the pound sterling each, and these levels are the highest for the pair since 15 / last November of this year.
As against the U.S. dollar, we think the pound sterling and rose today after touching the lowest price at 1.5653 dollars per pound, and when you achieve top price of $ 1.5727 per pound sterling. Although the pound sterling was able to make prices higher than yesterday against both the euro and U.S. dollar, but the positive and clear over the trading of the pound sterling this day, and it seems the many traders moved to the pound sterling when they were forced to leave the euro on worries sovereign debt crisis shows us that despite all the efforts extended European leaders.
For technical analysis, technical Valthalil shows us that the pound sterling should be able to stability above 1.5780 resistance even shows us his ability to rise, and only returned to the pound lower. Breaking the levels of 1.5555 may be a gateway to return to the downward trend of the pound really, so we see that technical analysis is not greatly optimistic about the pound sterling has not been referred to penetrate the resistance to it.
As well as fundamental analysis, it is not satisfied with the performance of the pound sterling, The state of tension in international financial markets to keep the upward trend-General of the U.S. dollar based, which may force the pound sterling on the back of the drop in later, and Analysts attribute Alosasiewn rise in the pound exchange rate to decline volumes and some profit taking and covering of short selling the pound has weakened the dollar, and the return to normal conditions after the end of the holiday season, may be due to the decline in the pound.
Euro against the U.S. dollar
After the failure happened yesterday in the wave of the euro rising against the euro because of concern of traders to be asked European banks heavily on ECB loans indication of the problems in the banking and financial sector of Europe, the euro today, trying to offset some losses against the dollar, and although the euro managed to achieve his highest this today at a price of 1.3118, but it is still trading at a significant weakness. Only the euro against the dollar this today in a minimum at a price of $ 1.3031 before bouncing up and tries to compensate for some losses.
Technical analysis shows us that the euro rebounded yesterday from the 1.3220 resistance level, and this day also rebounded from the nearest resistance level is 1.3120, and thus remain negative view of it. However, the stability level of 1.3000 on trading that could keep the side with the emerging trend attempts to confirm when broken. May not be able technical analysis reference for any possible bullish wave unless the proof of stability of the euro above 1.3270 resistance starters.
Analysts Alosasiewn very pessimistic towards the husband, the sovereign debt crisis and the slowdown in the international economy Icoaan weaken the euro dollar, and shows why the current rise in the euro exchange rate of the lower volumes in financial markets, as well as some centers to cover the short sale. European economic data and some of the statements the German showed that consumer confidence in Germany has supported the largest economy in the European Union, according to what was issued by the Ministry of European finance, but at the same time, the report said that "the economic data, the current point to the obvious weakness in the economy in the coming months, with a clear slowdown, especially in the manufacturing sector, "and this is what really indicates that the negative outlook of the European Union in general and prove that the debt crisis will not end easily and will remain influential in a negative confidence in general.
The U.S. dollar against Japanese yen
IMF chief warned that the international sovereign debt crisis has reached Africa! Such statements and cautions that the debt crisis is not exclusive to the European economy, but also caused a slowdown in the international economy in general.
Indices of Asian stocks today in marginally negative, although positive swept the major European stock indices. The MSCI Asian index fell today by 0.5% and heading for the biggest annual losses since 2008. The economic data exported from Japan, and expectations of the Bank of Japan indicate that the Japanese economy is experiencing a difficult phase, and this is what may make the Japanese central bank more aggressive in the face of any rise in the yen in the future, and thus, we see that the U.S. dollar rises against Japanese yen at every opportunity to help on that.
Today, the price of the U.S. dollar against the Japanese yen after touching the lowest price at 77.98 yen per U.S. dollar, with only a pair at the top at a price of 78.12 yen per U.S. dollar. Trading pair confined in a very narrow range for some time, and these trades refer to the tension is clear trends in the pair.
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