Wednesday, September 15, 2010

Foreign Exchange Market was moved. Stan safe currency has lost just two of the three men

Foreign Exchange Market was moved. Stan safe currency has lost just two of the three men: the dollar and the yen. Very suddenly and strongly. Yesterday, the increasingly spread beliefs in the intention of the U.S. Federal Reserve identify new steps to stimulate the economy the dollar has received a sharp blow. Almost always that look in different directions Morgan Stanley and Goldman Sachs agreed on one thing: at the next Fed meeting will suggest ways to expand the program quantitative easing (not necessarily that apply).
Results multiple. First, the Swiss franc again touched parity with the dollar. Earlier in 2008, and 2009-m to keep any length of time below failed. Secondly, rewrote the 15-year maximum yen to the dollar. A pair failed by the end of the day to 83,0. Updated the record for the price of gold. Now he is 1,274.65 dollars per troy ounce.
After that, without a sharp dollar decline against the euro for no apparent reason on the part of data from Europe. Euro / dollar made almost two figures, the monthly maximum and felt the key resistance at 1.30, going from the minimum of the day in the 1.2830 to 1.3030. Early this morning, the cause of weakening their currencies come from Japan. Interventions have been made, reports on the amounts of the order of 3 billion dollars. Only the intervention of Japanese authorities prevented even greater collapse of the dollar, the growing yesterday, like a snowball.
Euro / ruble, meanwhile broke through key resistance at 39.70, remained an impregnable front of this four times. Apparently the upward movement in the ruble to a single currency will continue in the near future. Oil falls at the same time, since all these movements in the currency market say that the politicians expect the worst, hence the ruble falls to the basket. Stock exchanges for all this hype building up forex decline, since the activity of the authorities at this stage does not say anything good, and the more markets will fall now, before the Fed meeting, the softer will be Bernanke & Co. on September 21.

Translate this page

Search This Blog