USD/SEK vu vers 8.00 à moyen terme

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By Joel Kruger, technical strategist June 07, 2012 05: 16 GMT Eur/Sek, we continue significant project to this rate of cross and see the sculpture of base material market which will open in the end moves possibly 9.75 area in the coming months. A major double bottom now appears to be carved by the region of 8.75 and a break above the neckline 9.35 also confirm our optimistic Outlook.

USD/Sek pattern head & shoulders reverse triggered after the break over 7.00, which now opens the door to greater gains to 8.00 up to more. However, daily studies are conduct of the territory severely surachat and as such, look for opportunities to buy in rampant to 6.75.

USD/Nok last break back above 6.10 opens the door to the cost back in the coming weeks, with the market seen extending to the next resistance key by place additional 6.30. Any setback must now be very well supported in the area of 5.90.

EUR/NokLooks to be finally attempts to establish some form of base after have offered very well in recent weeks. The last break back above 7.60 confirms prospects and we are now waiting to see an acceleration of the earnings of 7.65 in the coming days.

-Written by Joel Kruger, technical currency strategist

To contact Joel Kruger, E-mail jskruger@dailyfx.com. Follow me on Twitter @ JoelKruger

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June 7, 2012 05: 16 GMT

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> *Gold-Forex Correlations Seen Admist Long Term Shift, Risk Tracking Still High

The following table includes the correlation between gold and the various times most popular currency pairs. A close value of + 1 indicates a strong positive between gold and the pair relationship, while a close value of-1 indicates a strong negative relationship. Values indicate changes in weekly by more than 30%.

Gold	USD/CAD	AUD/USD	NZD/USD	EUR/USD	GBP/USD	USD/JPY	USD/CHF
3 Day 15 Min	-0.73	0.57	0.77	0.51	0.46	0.24	-0.57
1 Week 60 Min	-0.29	0.64	0.65	0.51	0.50	-0.47	-0.53
2 Week 60 Min	-0.68	0.75	0.76	0.76	0.77	0.11	-0.75
1 Month Daily	-0.17	0.54	0.52	0.62	0.51	0.07	-0.61

For the previous week gold-Forex correlations.
Weekly comment: with the fear of the spread of Spanish debt markets return and the start of first-quarter results releases of correlations of companies, or major U.S. with the major currencies remained virtually unchanged from the previous week. Despite this, plues term correlations stagnant between precious metals and currency may indicate that a more fundamental change may be on the corner of the street.
After the comment once again relatively moderate, last week Janet Yellen the US Federal Reserve and other, gold is once more taking its market anti-dollar status continue to expect a monetary tightening earlier that later that perceived recovery as very bright. As the two markets are in this larger story more we yields, gold should retain its current risk status. While the New Zealand will be on the economic record of this week, traders will be closely followed by the State of the Spanish debt market, with two sales link planned for this Tuesday and Thursday.