Discussion points
Pound sterling: borders of BoE growth, Inflation - 1.5800 euro forecast view: eyes Fib of 23.6% for support, IMF frappes your prudent for the Italy to the United States Dollar: Index of high December approaches, the FOMC Minutes in Focus of Sterling: BoE borders growth, forecasts of Inflation - 1.5800 in view
The pound sterling fell to a monthly minimum fee 1.5888 as the Bank of England keep the door open to further develop the monetary policy, and the sterling may winds in the short term that the impact of the sovereign debt crisis dampens prospects for the region. Indeed, the BoE slowed its growth forecasts and saw an emerging risk of the target of 2% on the back of the controlled wage growth, but to say that the "big picture" has not changed in February that makers expect to see a gradual recovery in Britain.
At the same time, the Central Bank warned of a result of disorder in the euro area as the governments operating under the control of the single currency to meet on common ground, and it appears that the monetary policy Committee will focus its approach to wait and see in the second half of the year to protect the U.K. economy. Nevertheless, the BoE has continued to highlight the adhesion to the growth of the prices they see inflation remain over the target in 2013, and it can become increasingly more difficult for the Central Bank to defend its position as underlying pressures on prices are resurfacing. As the GBPUSD is unable to maintain the trend of channel earlier this year, we expect to see a test of the figure of 1.5800 for support and the pair may trade sideways for a Minutes BoE out next week as market participants weigh prospects of monetary policy.
Euro: The eyes Fib of 23.6% for support, IMF frappes your prudent for the Italy
The Euro broken return a minimum night of 1.2680 in upwelling of feelings of risk, but the additional winds before the end of the week as costs of public finance in the region increase the risk of contagion may deal with the single currency. Indeed, the performance related to the debt of 10 years of the Italy failed to 6% while the spread of 10 years between the Spain and German bonds extended to 500bp for the first time since November, and the current crisis in the area continues to throw a bearish Outlook for the EURUSD as European policy makers struggle to restore the confidence of investors. In response, International Monetary Fund argued that "much remains to be done" in Italy, the group sees the area of contracting in 2012, and the European Central Bank may come under increased pressure to develop a monetary policy that the region continues to face a risk of a prolonged recession. As we expect the ECB to carry its relaxation cycle in the second half of the year, will enable us to maintain our bearish Outlook for the EURUSD, but the pair seems ready for a correction in the short term, as the recent decline is oversold. As the entering against high 23.6% Fibonacci allows 2009 2010 low around 1. 2640-50, we see figure interim support, but we need to see the relative strength index crosses back over 30 to see a significant recovery in the exchange rate.
US dollar: approaches high December, the FOMC Minutes In Focus Index
The greenback has continued to gain ground on Wednesday, with the Dow Jones - FXCM U.S. Dollar Index (Ticker: USDOLLAR) rallying to a monthly maximum fee of 10 100, but we see the reserve currency to consolidate before of the Minutes of the FOMC as market participants weigh prospects of monetary policy. The Fed officials take note of the more robust recovery with growth of price stickiness, the Central Bank might tighten up this time and we could attend the Committee continue to talk in speculation for another program for the purchase of the assets on a large scale as the world gets more great economy on a more sustainable path. However, we may assist Fed Chairman Ben Bernanke to keep the door open for further monetary policy, as the sovereign debt crisis continues to pose a threat to the global financial system, and we could see the head of the Central Bank of renew the expectation of additional financial support that Mr. Bernanke continues to highlight the weakness continues in the private sector. In turn, a dove statement could trigger a correction in the short term of the USD, and the dollar may strengthen before the end of the week as the rally since the beginning of the month is surachat.
Pound sterling: borders of BoE growth, Inflation - 1.5800 euro forecast view: eyes Fib of 23.6% for support, IMF frappes your prudent for the Italy to the United States Dollar: Index of high December approaches, the FOMC Minutes in Focus of Sterling: BoE borders growth, forecasts of Inflation - 1.5800 in view
The pound sterling fell to a monthly minimum fee 1.5888 as the Bank of England keep the door open to further develop the monetary policy, and the sterling may winds in the short term that the impact of the sovereign debt crisis dampens prospects for the region. Indeed, the BoE slowed its growth forecasts and saw an emerging risk of the target of 2% on the back of the controlled wage growth, but to say that the "big picture" has not changed in February that makers expect to see a gradual recovery in Britain.
At the same time, the Central Bank warned of a result of disorder in the euro area as the governments operating under the control of the single currency to meet on common ground, and it appears that the monetary policy Committee will focus its approach to wait and see in the second half of the year to protect the U.K. economy. Nevertheless, the BoE has continued to highlight the adhesion to the growth of the prices they see inflation remain over the target in 2013, and it can become increasingly more difficult for the Central Bank to defend its position as underlying pressures on prices are resurfacing. As the GBPUSD is unable to maintain the trend of channel earlier this year, we expect to see a test of the figure of 1.5800 for support and the pair may trade sideways for a Minutes BoE out next week as market participants weigh prospects of monetary policy.
Euro: The eyes Fib of 23.6% for support, IMF frappes your prudent for the Italy
The Euro broken return a minimum night of 1.2680 in upwelling of feelings of risk, but the additional winds before the end of the week as costs of public finance in the region increase the risk of contagion may deal with the single currency. Indeed, the performance related to the debt of 10 years of the Italy failed to 6% while the spread of 10 years between the Spain and German bonds extended to 500bp for the first time since November, and the current crisis in the area continues to throw a bearish Outlook for the EURUSD as European policy makers struggle to restore the confidence of investors. In response, International Monetary Fund argued that "much remains to be done" in Italy, the group sees the area of contracting in 2012, and the European Central Bank may come under increased pressure to develop a monetary policy that the region continues to face a risk of a prolonged recession. As we expect the ECB to carry its relaxation cycle in the second half of the year, will enable us to maintain our bearish Outlook for the EURUSD, but the pair seems ready for a correction in the short term, as the recent decline is oversold. As the entering against high 23.6% Fibonacci allows 2009 2010 low around 1. 2640-50, we see figure interim support, but we need to see the relative strength index crosses back over 30 to see a significant recovery in the exchange rate.
US dollar: approaches high December, the FOMC Minutes In Focus Index
The greenback has continued to gain ground on Wednesday, with the Dow Jones - FXCM U.S. Dollar Index (Ticker: USDOLLAR) rallying to a monthly maximum fee of 10 100, but we see the reserve currency to consolidate before of the Minutes of the FOMC as market participants weigh prospects of monetary policy. The Fed officials take note of the more robust recovery with growth of price stickiness, the Central Bank might tighten up this time and we could attend the Committee continue to talk in speculation for another program for the purchase of the assets on a large scale as the world gets more great economy on a more sustainable path. However, we may assist Fed Chairman Ben Bernanke to keep the door open for further monetary policy, as the sovereign debt crisis continues to pose a threat to the global financial system, and we could see the head of the Central Bank of renew the expectation of additional financial support that Mr. Bernanke continues to highlight the weakness continues in the private sector. In turn, a dove statement could trigger a correction in the short term of the USD, and the dollar may strengthen before the end of the week as the rally since the beginning of the month is surachat.
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