Feature price action in the currency markets the U.S. traders of food today in celebration of the Thanksgiving Turkey and a sharp decline in the market and the possibility of choppy. Nevertheless, there are a variety of PMI reports from Europe, as well as the sales in the retail sector, reported in Canada.
Wednesday saw the dollar through the United States of trading session to improve, although it has fallen again to the previous level. It's continued strength against the euro and YEN, as long as the slowdown compared to the GBP and CHF. No expected change in one of these trends on this holiday in the United States
While the euro Wednesday has recovered from the worst decline, it is still, that against all currency weaker in the Asian session's.
How traders look reactionary policy in the EU in response to the Greek debt problems continue to to continue the basic expectations for the region bearish pressure on EUR. In fact, although the EU a $10 billion bond buyback plan for Greece announced, continue to the Division for the EU, the ECB and the IMF undermine the confidence of investors in the EU zone.
Technically EUR suspended majors in the vicinity of SMA 20 day compared to and with the reduced trading volume today it is expected that, during this session, holiday will consolidate euro.
The great British pound continue to strength against all currencies they show, after the BoE that they are not cut interest rates now are known, on Wednesday extend its quantitative easing (QE) programme. Although the BoE would also risk warned that inflation will rise, this charge until on the sterling do not prevent traders from. The GBP has power down during the Asian session, but an uptick is likely to resume trading after European markets.
The Japanese Yen was this week under pressure against all currencies and the reverse probably not even now, or perhaps any time soon. The yen is currently endangered break through multi year trend levels in place since 2009.
The combination of Japanese elections and the possibility of increased moves up through the BoJ finally put pressure on a Yen that is far too long, much too strong. In fact, there is nothing in the economic picture in Japan, supported a strong yen, but it has continued to strengthen in the last 3 years.
When the yen was a reflection of the Japanese economy would be easy it about to be weaker, and the BoJ 30% active, taking into account its own QE and trying to devalue the yen, we believe further weakness is in the store. It is said, with a public holiday in Japan today and the Thanksgiving holiday to the yen, United States will likely remain stable on this day at least.
No comments:
Post a Comment