19 July 2012 15: 55 GMT
although the Dow Jones FXCM US dollar index (ticker: USDollar) 0.17% remains
lower open, we may look at the rebound of 10.036 speed gain, in the next
24-hours trading as the 30-minute relative strength oversold index territory
back jumps. In fact that whole series of gloomy developments from the world's
largest economy seems will weigh on market sentiment, and see we perhaps
currency traders continue to their risk-taking back when headlines from Europe
fears fuel for scale infection. The EU is fighting to curb the increase in
borrowing costs in Spain, the continued turmoil in the eurozone can continue to
SAP investor confidence and perhaps we provide a flight to safety in the days
when the group maintains a reactionary approach in dealing with the debt crisis
emerge.
Are
planned as euro-zone finance ministers, Spain EUR bailout discuss 100B today
Germany is likely to vote in favor of the extraordinary action and movement can
support risk-taking behavior, as it reduces the ongoing turmoil in the financial
system. The development can however fail to encourage a meaningful rally in
risk, as the new initiative does little to the cause of the debt crisis, and we
should see that the European Central Bank will continue to go on its easing
cycle than the Governments under the fixed exchange rate more and more on
financial support instructs you. Although the USDOLLAR not up keep up trending
channel within the wider trend, we will remain optimistic for our forecast, as
long as it keeps the June low (10.025) above. The relative strength index, the
upward trend of this year claiming that we should how a rebound get to the end
of the week, and we are looking for dips in the greenback to buy, as risk
sentiment pointed running seems to be way.
Three
of the four components advanced against the greenback, led by a 0.57 per cent
rally in the Australian dollar, but the bull market dynamics in the AUDUSD might
be an end approaches, while the relative strength index overbought territory
approaches. The fundamental Outlook for the economy of Australia is generally
expected $1T continue to throw a bearish Outlook for the Aussie dollar, such as
the Reserve Bank to deliver further interest rate cuts in the coming months and
the Central Bank a leader to hit continue to sound for the monetary policy
should, as the slowdown in China - Australia's largest trading partner - puts a
damper on the prospects for economic growth. In turn, we seek the short-term
rally in the AUDUSD fade, and we would have to keep see the pair below the high
April (1.0473), to maintain our bearish forecast.




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