Wednesday, February 2, 2011

Forex news market:Optimism continues to support the Asian markets

Asian markets today, still optimistic about trade with the rise, as investors continue to believe in the continued global growth. Today, the markets were supported by good data from the U.S. yesterday, which have increased stability in the reconstruction of the largest economies.

Of course, the appetite for risk increases, especially given the positive outlook for world economic growth, though marred by protests in Egypt. The situation in the country remains stable despite the continued dissatisfaction of the people rate the government, and even though yesterday's announcement Muborak that he will retire in September and will ensure a smooth transition of authority.

Nevertheless, the market conditions are improving, and again we see the growth of Japanese yen against the dollar after yesterday's small loss. The dollar / yen was trading between the maximum and minimum of 81.60 81.33. We still expect further bearish movement in the pair, since the stability of below 81.85 support our expectations.

The euro traded in a narrow range during the Asian session, after a sharp rise yesterday. Pair traded between the maximum and minimum of 1.3861 1.3818, and we're still waiting for further growth.

Meanwhile, the pound sterling showed an increase against the dollar, bargaining between the maximum and minimum of 1.6177 1.6126. Stable trading above 1.6060 is a condition of continued upward movement.

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