Tag: Forex

Washington Mutual

The USD ended the day with mixed results. The focus is on the economic rescue program The operating volumes were low, and there was high volatility Vista Night It is expected further consolidation The Dollar What will remain under pressure on Monday is expected times EASTERN (-4 GMT) No News is waiting for Monday The USD ended the day with mixed results, and the beginning of the trading session in New York lost ground slightly, then the volatility increased following the publication of GDP, with results below forecasts estimated, however, the focus continued to focus on the news concerning the alleged U.S. economic rescue plan. While U.S. not feel the same. lawmakers failed to reach consensus at the end of the day, however, the greater the optimism that soon will arrive at a concrete and common plan, which will stabilize the markets. The stock market began in low, given the problems were disclosed with respect to one of the largest banks in American history, namely, the Washington Mutual, which was closed by the regulator, and the JP Morgan Chase rushed to buy the bank, the DJIA index rebounded, but ended the day without significant changes. Gold ended the week higher, and oil fell slightly, the greenback suffered volatility in commodity, along with the uncertainty surrounding the economic rescue plan. For the week, the USD could say was maintained in the range set on Monday, and analysts believe the trend of long-term dollar is uncertain, and largely looks forward to the economic rescue plan which will help define the trend of the U.S. .

The Japanese

Bald trait is normal. Market catch can at any time. To catch the bottom of this hopeless exercise (in the present circumstances), but there's always the good old BUT! Here's a picture of Euro-yen to illustrate the passage of all target levels. The situation is reminiscent of the collapse of the pound in the year 1992m. Free fall in its purest form. Dollar-yen updated March bottoms and on the way to 80 yenam, at first glance. And on the second and third. And the euro-yen is very bearish.

But this is the trick lies. Suppose the dollar to 80 popret yenam – on the vacuum – then even more can fly. In the area of 50-60 yen. What will happen to the Japanese, which is already almost 20 years, stands on the brink? Take the last step forward? The Japanese government is protectionist, and it is not secret. Especially when the rate begins to threaten the national safety. That I'm talking about the possible intervention of course. And at what levels they will start and will start if at all, contrary to logic? Yes dog knows.

So I say – sechas we must act very carefully – do not load the deposit on most do not. With a net evroy situation is similar. It just is not about intervention. All of this downward movement is not natural – not based on the foundation. A foundation is bad in America. If their intelligence, they would be high time to declare a default. And sooner or later it will end. The course is very easy to overcome fibu 38.2 at 1.3050. Sleduyuschayaya around 1.2150. It seems to me somewhere there on evru demand begins to emerge. And the tail for a week may be to 1.18/1.20. Evroy who traded at these levels that probably should remember what it's armor. Is to say that soon we can expect even more wonderful miracles, than now. Governments in many major economies, in connection with all this mess, putting themselves in serious financial commitment. Only that's not all of them survive when you have to be held accountable. Will include printing presses for the lovely soul. It follows from this simple fact – a (hyper) inflation. AND rates will have to raise, not lower. I think that 15-20% of the federal funds in future 1.5-2 years does not look fantastic. Here, at last, charts Dow Jones zolotishka. Dow, until, voiced in the previous review the range and will not be on it stop. With gold all the more interesting. Evaluate how spruzhinilo. Level 730 – preduschy historic peak. Closed at the 733 dollar / ounce. At the moment this is a serious supporting the closing prices of weeks. In the case of penetration let us move toward 640, and end this charade. Gold, it has historically been the measure of wealth, etc. and nowhere are its features are not lost. No wonder that gold reserves of surplus countries. In addition, gold, unlike stocks or kind of junk that may have a zero price, a priori, has no such chances. And in light of the prospects of general inflation, interest in gold as a hedging instrument of inflationary expectations, will only grow. 'Along cutoff, in the precipice, on the very edge of … ' (V. Vysotsky "Horses choosy ') By Alexei Bolotov Source