Comments Commerce
The rejection of the plan helps the American auto industry. yesterday was enough for the stock market falls around the world, the consequences of rejection could be blanks for the United States, and could extend the recession, while the stock fell, Several traders sold the USD / JPY. The yen reached values than 13 years ago, was around 90.89 and then reach 90.00; lows in the 88.14-the lowest value since 1995. Traders sold the pair, but rumors that the Bank of Japan will intervene in the market and / or the Ministry of Finance, he managed to bring the pair to 90.00. The maximum free night remained changes in 91.87. The book, is under pressure and failed to hold yesterday’s gains, recorded in the minimum and maximum 1.4851 at 1.5120, the new maximum weekly. The euro held steady at 1.3320, after the highs of 1.3407 yesterday in the evening, lows in the 1.3249. Traders want to sell at 1.3410 and at 1.3440, suggesting the short-term top, and the end of the recovery with a possible correction. USD / CHF is back on the 1.1800 to 1.1753 lows, closed firm at 1.1750.
USD / CAD 1.2283 recorded the minimum and maximum at 1.2510. Double awaiting action in the pair, however, technical levels were broken. In my view the USD began Friday with a technical trade. U.S. data to be published today will be negative for the USD, so I think that added pressure on the greenback, but may recover the American currency to end the day.
Good weekend. GBP / USD Resistance 3: 1.5150 Resistance 2: 1.5100/10 Resistance 1: 1.5080 New York: 1.4918 Support 1: 1.4850 Support 2: 1.4740 Support 3: 1.4680 Comments Commerce in both directions despite the recovery of the euro. The pair came under pressure. There were offers of sovereign states. He kept control over the 1.5100 sales, but it will be prudent to wait a bit. At night there was a technical trade as traders defined strategies. Liquidity was moderate. Closed on 1.4850. Monday: No publications Resistance 3: 1.3480/90 Resistance 2: 1.3450 Resistance 1: 1.380/1.3400 New York: 1.3327 Support 1: 1.2750 Support 2: 1.2680 Support 3: 1.2600 Comments The pair managed to gain ground. Maybe the pair begin a reversal, but the pair should be firm in my view 1.3180. It is advisable to go long. Stops are being installed in 1.3420. I do not think that the pair continue falling. Several traders are taking profits despite the prevailing uncertainty. Monday: All times EASTERN (-5 GMT) 24:30 EUR President Trichet will speak Trade foreign exchange (FOREX) involves the existence of losses due to the risk inherent in any transaction.