The U.S. dollar will continue to acquire power

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 HEADLINES
The U.S. dollar will continue to acquire the force
 Economic Analysis:
 U.S. dollar

The U.S. dollar yesterday, fluctuating trends in the market.Continued circulation of the euro / dollar rate on a fixed during the day, and on the level of 1.5440.The circulation of the dollar upward momentum before Alpound and witnessed volatile movement in front of the Japanese yen

Yesterday issued a series of U.S. data, the first self-employment without the private sector and the agricultural sector, which showed a rise of $ 40 thousand in May, while the expectation is -30 A..And then the announcement of the rate of productivity of U.S. non-agricultural sector, which rose by 2.6% in the first quarter of the year, a rate higher than expected.At the same time, wage pressures were moderate to read about what it was in the first quarter of last year, rising labor costs to an annual average of 2.2%, while the previous reading at 4.7%.Anbar was welcomed by the Fed, which reduced their anxiety with regard to the increased inflation.The index fell Foundation support the management of non-industrial sector in May from 52.0 to 51.7, and the sub-index rose by the work activity of 50.9 to 53.6 in April.At 6:45 GMT, the modernization of the Bernanke Fed governor, acknowledged that the likelihood of high inflationary expectations are a source of concern to the Federal Bank, said that the U.S. economy is flexible and highly rewarded and therefore that result is unlikely.

Will be announced today on the report of the weekly rates of complaints of unemployment, which is expected to rise to 374 thousand in May, as it was in April in the year at 372 thousand.This will increase the negative impact on the U.S. dollar.At 16:00 GMT, will speak on "Blosr Fed governor in the" Philadelphia "and that the importance of financial innovation and financial stability. Advise traders to track his carefully for any signs with regard to monetary policy.

Euro

The euro has seen mixed results on Wednesday against the major currencies.Has witnessed the movement of volatile against the dollar and the yen, and the upward trend to the wire Alpound.

Updated, "Trichet," the President of the European Central Bank yesterday said the central bank is doing everything possible to monitor the impact of the ongoing crisis in financial markets.He said that the system stability of the euro has made a noticeable during the unrest, as he had the support of monetary policy effectively.After that, it was the announcement of the purchasing managers index of services sector, which measures the activity level of purchasing managers in the services sector, this indicator has the same reading of the previous month at 50.6.European retail sales fell by 0.6% in April and declined by 2.9% from what it was last year.

Will be announced today in the German factory orders at 10:00 GMT, is expected to rise by 0.4% over the last month.And then will be the announcement of the European Central Bank decision on interest rates is expected to keep the bank at 4%, the percentage by which the interest rate since June 2007.After the interest rate will be held a news conference in which Trichet speaking European bank governor and his deputy, "Papademos".Conference will be open to questions from the press, usually the result of the conference to the fluctuation of movement in the market.We must watch carefully the events of the day traders, because of the expected volatility of the market during the announcement of the interest rate.

Japanese Yen

Witnessed the Japanese yen yesterday, mixed results against major currencies.Movement was volatile against the U.S. dollar, the yen, the euro and the franc Alpound.The retreat of the yen against the dollar to 105.54 from 105.28, and it was because of fears of potential losses associated with credit and raising the possibility the existence of the expectations of Fed interest rate with the end of the year to prevent high inflation worrisome.

Has not made the statements yesterday, but Japanese sales of imported cars, which fell by 20% compared to last year, taking the total of cars imported from foreign auto makers 13.953 in May, dropped what they were in the same period last year, which was at 17.497.

Will be announced Thursday, a Japanese data, and therefore will be the U.S. dollar has been the impetus for the movement of the yen.Therefore, we advise traders to track U.S. data, euro zone data and more focused today as they Christdedda future behavior of the yen.

Technical Analysis:
 

Euro / U.S. dollar

This is the husband in the middle of a sharp downward trend and move very far on the level of 1.5450.Appears on the index Alastockacetk slow chart for four hours to form a three-way summit with the slope negative, indicating the possibility of continued downward movement.Price level may be the next target at 1.5350, and it seems that the sale is the appropriate choice today.

Sterling / dollar

Channel was still not clear downward price constant, where it is still Alpound heading down towards the lower limit.All indications suggest that the volatility will continue the downward trend and has been tested Alpound lower limit to the very imminent.The price level target at 1.9350, and therefore seems that the sale is the preferred strategy today.

U.S. dollar / Japanese recovered

This man is moving on a basic level at 105.50, which represents the level of resistance is very strong on the daily chart.The price broke through that level will move in the direction of the husband got an extra with the possibility that the target price at 107.20.It seems that the purchase with the points close is the strategy to stop the day before the good penetration of this important level.

U.S. dollar / Swiss franc

The price is still trading in a range constant, where the husband moves to the goal without the daily chart.Oscillation indicators are still moving in the neutral zone without a specific direction.There seems to be a moderate upward momentum of the circulation of the graph of the hour, and therefore we recommend Forex traders await a clearer signal before entering the husband.

Mineral Analysis:
 

Crude Oil

The reform movement is still continuing downward at full strength is not reflected signal cessation.Appears on the Alastockacetk slow day on the graph model very downward, and Forex traders a great opportunity to enter the market at the height of the downward momentum trading and making a downward trend seems to be very strong.

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