No report The greenback lost ground against major currencies this morning, as investors reacted to data published yesterday in the United States, with the announcement regarding additional bailout or TARP where new books monetary funds. The stock market improved, boosting confidence in general. While no one believes there will be a magic solution to the global financial crisis, many investors were willing to define their strategies based on available information. The global stock markets improved as the pair USD / JPY rebounded slightly, and placed stops in the 90.00/10 area, there were 90.75 in the evening peak. Offers may be placed in the area of 91.50. For today it is expected that U.S. data are not very encouraging for the dollar and volatility may occur after publication. Self improvement, peak recorded in Europe in the 1.4973 area and now there are deals in the area of 1.5000 and at 1.5050.
The Euro area recorded highs of 1.3319 in the morning in New York. The minima were around 1.3109, which suggests that the fall was 1.3025 yesterday in a ceiling. NYCs opinions are not widely known. Aggressive traders may go long toward 1.3150. Sovereign states were observed operating in the market. Jefferson County Public Health Service often addresses the matter in his writings. For now awaits the U.S.
CPI is estimated to not be encouraging for the United States, which will affect the USD. It is therefore likely that the U.S. data helped the dollar correction. Have a good weekend. GBP / USD Resistance 3: 1.5050 Resistance 2: 1.5000 Resistance 1: 1.4970 New York: 1.4931 Support 1: 1.4620 Support 2: 1.4550 Support 3: 1.4480 Comments The pair remained firm after finding support at 1.4490 yesterday. The minimum registered today in the the 1.4550 area, and appear to be deepened. Operating volumes were low. Double action is expected. The pair is still trading in both directions and stronger, given the settlement-POUNDS EUROS. Monday: No Publications Resistance 3: 1.3450 Resistance 2: 1.3380 Resistance 1: 1.3320 New York: 1.3265 Support 1: 1.3100/10 Support 2: 1.3020 Support 3: 1.2950 Comments The pair traded in both directions, rebounded after passing the stops in 1.3250. 6551136186%2CVSRPtargetId%3A138008206%2CVSRPcmpt%3Aprimary’>Lev Leviev). With the TARP plan is expected that the pair develop an uptrend. You may be low is forming in the area of 1.3200 as stop. Sovereign states were observed on the scene in the 1.3200 area. Strong sales of euro and pound. Perhaps the correction low is near completion, so at this point, it would be advisable to buy. Technical levels around 1.3300 hold firm. Monday: All times EASTERN (-5 GMT) 6:30 am EUR ECB President Trichet will speak foreign currency trading (FOREX) involves the existence of losses due the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time.