Tuesday, July 3, 2012

The dollar is acting as a safe haven


The trade in today's dollar · The USD / JPY fell · The volumes were moderate • Traders bought dollars Night view · We await more sales • The dollar is likely to consolidate martesTodos For times EASTERN (-4 GMT) · 11:00 am, Stern, member of the FOMC, will speak 1:15 pm · Bernanke, Fed chairman talk · 2:00 pm, the minutes of FOMC • 3:00 pm USD Consumer Credit m / m Foreign Exchange Traders bought dollars . The stock market fell about 800 points at the end of the trading session, while the DJIA was around the area indicator of 10,000, the NASDAQ reached the area of ​​the 1800, which led to values ​​not seen for 10 years. Oil also fell reaching the area of ​​$ 90.00 per barrel, and several operators turned away from commodities. That is why the dollar rallied, and the major currencies fell, except USD / JPY, the USD / JPY fell over 600 points, the lowest in the area of ​​100.22, leaving the yen as a safe haven of the day of today. The GBP and the EURO fell sharply, below technical levels, and that the dollar may continue to take profits, but apparently there are few buyers after today's move.

The Sterling lowest in the area of ​​1.7335, the lowest in the EURO area of ​​1.3453. Dominated the market with great fear, and buyers were not for the other currencies. In my view, the USD is acting as a safe haven. In a situation like this is almost impossible to find the top in major currencies as the market is moving with little sense, several operators are in a panic, and do not leave their dollars. I believe that only look to buy more dollars. It is important to note that meaningful data will be published. When the refuge in the dollar is over, the U.S. currency will be more vulnerable during the last 50 years. No interest what was your vision for today, the dollar rally is not sustainable in my view, and soon will start to sell dollars.

GBP / USD Daily Resistance 3: 1.8180Resistencia 2: 1.8050Resistencia 1: 1.7880New York: 1.7433Soporte 1: 1.7340Soporte 2: 1.7280Soporte 3: 1.7200 Forex The pair traded at low levels of support in the 1.7300 area. The trading volumes were low and reputable traders were absent. Aggressive traders can buy now. Probably the pair will return the 1.8000 level in the short term. Sovereign states may be interested in the EURO and GBP drops given these coins. Support levels are maintained for two weeks already, and will fall before purchasing. Several traders took profits. It is advisable to buy ahora.Martes: All times EASTERN (-4 GMT) 4:30 am, GBP Manufacturing Production m/m4: 30am, GBP Industrial Production m/m7: 01pm, GBP Nationwide Consumer Confidence EURO / USD Daily Resistance 3: 1.3900/10Resistencia 2 : 1.3880Resistencia 1: 1.3800/10New York: 1.3518Soporte 1: 1.3440Soporte 2: 1.3400Soporte 3: 1.3380 Comments The pair failed to 1.3850 level during the evening session, 2 years 50% fib sequence, then back to the 1.3400 area with low volumes. The pair came under pressure. Operators may purchase under the 1.3900 area in my opinion. The fall of oil added to pressure on the pair. There is uncertainty in the market.

The pair continues to trade técnicamente.Martes: All times EASTERN (-4 GMT) 6:00 am EUR German Factory Orders m/m9: 30am, ECB president Trichet will speak for more information please go to www.forexpros.es currency trading foreign (FOREX) involves the existence of losses due to the inherent risk in every transaction. It is likely that FOREX trading is not suitable for all investors. You should carefully consider whether trading is suitable in your case and take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. Opinions, financial or market, 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 FOREX by Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the provision of the above would contrary to local regulations.

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