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Sunday, July 8, 2012

$ USD to hold steady of the FOMC minutes ahead JPY BoJ take cues

6 July 2012 15: 40 GMT  USD_To_Hold_Steady_Ahead_Of_FOMC_Minutes_JPY_To_Take_Cues_From_BoJ_body_ScreenShot015.png, USD To Hold Steady Ahead Of FOMC Minutes, JPY To Take Cues From BoJalthough US non-farm payrolls report behind the expectations of the market, the Dow Jones FXCM US dollar index fell (ticker: USDollar) 0.30 percent remains of open and continue next week estimate the greenback should escape in which collects safety speed. However as the index the area bounce price action from the previous month transferred claims the overbought signal relative strength to the 30-minute index can be a short-term pullback during North American trade spark and perhaps we see that the dollar still sideways before the FOMC Protocol on tap for next week track how market participants weigh prospects for monetary policy. Actually speculation for additional financial support again surfaced in the midst of the lengthy recovery in the U.S. labor market, but the uptick in the wage growth can the Fed way of moving quantitative easing as the stickiness raises the threat of inflation underlying price growth stimulate.
USD_To_Hold_Steady_Ahead_Of_FOMC_Minutes_JPY_To_Take_Cues_From_BoJ_body_ScreenShot016.png, USD To Hold Steady Ahead Of FOMC Minutes, JPY To Take Cues From BoJAs the USDOLLAR path from the 10.025 figure progress, it seems as if the greenback as a higher low set, and we come in July the index at 10,300 others run one perhaps, see since the upward trend of next form to. In fact, that for a higher dollar and perhaps see break in the relative strength index strengthens our call to head the FOMC Protocol to wake up a bullish response in the reserve currency should we continue to the Central Bank to talk about speculation for a new round of quantitative easing. At the same time, number of data coming from China next week can more SAP risk mood as we expect to see, the 2Q GDP report show an annualised growth rate of 7.7 percent, and a flight to safety can fuel pump concerns about a 'hard landing', such as the Outlook for global growth deteriorates.

USD_To_Hold_Steady_Ahead_Of_FOMC_Minutes_JPY_To_Take_Cues_From_BoJ_body_ScreenShot017.png, USD To Hold Steady Ahead Of FOMC Minutes, JPY To Take Cues From BoJOnce again, although three of the four components weakened against the greenback, led by a 0.85 percent fall in the Australian dollar, the Japanese Yen brought 0.41 percent. With the Bank of Japan interest rate decision on tap for the next week, we should see that Governor Masaaki Shirakawa continue its fundamental prospects for the region raises a leader to beat sound policy, but the Board may continue to support a wait and-see approach, such as the Central Bank. However, since positive real interest rates in Japan further increase the attractiveness of the yen, should we the BoJ still on its easing cycle start see, and the Central Bank should intervene under increased pressure on the foreign exchange market, continue to dampen the prospects for an export-led recovery as the strength in the local currency.

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