Selasa, 07 Juni 2011

Forex in Euro Rebound, British Pound Hold

Forex in Europe Rebound Very Big in Market. Forex in Europe Rebound - The euro extended, a new monthly record of 1.4680 on Tuesday, but the single currency may struggle to relax due to the previous month, when the European Central Bank to implement its wait-and-see strategy to in the second half of the year.

In fact, the recovery in the European retail sector, led by the combined greater than expected growth in the German factory orders in support of the EUR / USD, but the short-term rally in the exchange of short duration, the Board of Directors The exit strategy remains. But investors still borrowing slowdown in Europe rose by over 75 basis points over the next 12 months, but price is a zero percent chance of a rate hike by 25 basis points in June, according to Credit Suisse overnight index swaps.

likely to remain in the light of recent developments on ECB President Jean-Claude Trichet a better sound for the region, but the central bank will continue to be soft clay head remains hawkish on monetary policy and economic outlook is highly uncertain. As currency traders, the outlook for monetary policy to weigh on the EUR / USD should be consolidated before interest rate decision on Thursday, but the comments from Mr Trichet pigeons, it would be a short term correction in the few sparks as interest rate expectations crumble.

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In return, the euro-dollar test of the 78.6% Fibonacci retracement from 2009 to 2010 low to high 1.4440 to 60 for first aid, but a sharp break with the downward eventually replace the 100-day moving average at 1, 4098, as support in May

The British pound against the night for the narrow range of 1.6466 last week, hold on, and the exchange rate continues to trade sideways in the coming days, when the Bank of England widely expected to be the current policy in June account. Since the MPC's key interest rate unchanged at 0.50% while the target fixed asset purchase £ 200B, the Committee will refrain from releasing a political statement, but currency traders is a decrease in response to the decision to scale back speculation financing costs show the UK as a result, the GBP / USD moved to a phase of consolidation in the coming days in power, and the couple, the broad spectrum of the previous month, as investors continue to wait for monetary minutes policy, implemented on the basis of 22. June.

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American Forex - Dollar price action was mixed on Tuesday, but the dollar is probably a high volatility in the North American trading as U. S. Federal Reserve Chairman Ben Bernanke will clock the clock face at 19:45 GMT to speak. Dovish comments from Fed chairman would weigh on the reserve currency, because a zero-interest policy support for the world's largest economy further, and Mr Bernanke scope to the expansion of monetary policy to maintain, as the FOMC's plans for completion of the additional $ 600B in the quantitative easing this month.

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However, the continued expansion in consumer credit to help the prospects for future growth to increase, and the new development should improve the outlook for private sector activity and household spending is still one of the leading growth engine. In return, we can see the danger, back on the table in the North American trade, and we seem certainly a high degree of volatility during the day.
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