Good morning from the wonderful Hamburg and welcome to our daily FX comment. Today reports on the movements between the euro and USD/JPY. In addition, we look at the comments of the National bank of New Zealand.
We wish you a successful trading day.
THE JPY advanced to a one-week high against the euro on speculation that international decision-makers will introduce further measures to restrict capital inflows in Nations. Against 15 of the 16 major counterparts appreciated JPY. THE JPY rose Against the euro to 112.33 when it reached 111.73 on Monday, the highest level since October 29. Versus the USD was JPY at 81 62. USD climbed in a two-week high against the euro as a 30-year Treasury yield reached a five-month high and supported USD.Yesterday was the EUR/USD at 1.3749 the weakest since October 27. Later traded the order around 1.3763. The US dollar rose against most of its major counterparts yesterday due to the increase in yield as 30-year bond.
In New Zealand Alan bollard, Governor of the New Zealand Central Bank said, very loose monetary policy in the United States running up his nation currency weakening export demand and hamper an economic upturn. He criticised the principle of the FED since their decisions can cause problems for international reallocation. Last week, the FED to buy 600 billion dollars of long-term government bonds that quantitative easing. Bollards are afraid of New Zealand's exports, which account for 30% of the country's economy. NZD increased 2.9% against the US dollar in the last month and was one of the best results. After the bollards comment decreased NZD versus THE USD. Since 4 November NZD fell below 0.7800 versus the USD and traded around 0.7777.The Central Bank of New Zealand stated that there is not enough room to operate NZD lower. The unemployed nation fell to 6.4% in the third quarter, which was better than forecasted. last month the Central Bank is the official cash as unchanged at 3% for a second month.Against the JPY, NZD, at 63.56. EUR/USD appreciated and traded around 0.9662 at night.
When the couple climbed up to a level around 115.14 bounced on resistance and fell to the line support around 112.29.The Stochastic Oscillator may signal an upward trend, but earlier this level of indicator signaled sideway movements.
As you can see the upward trend GBP/USD stopped by resistance near 1.6288.But the reverse is perhaps only a slight recovery. If the couple living above the lower Fibonacci Arc line (61.8) we can see a bullish trend.The relative strength index, can support an upward trend
USD/CAD followed a bearish trend to support line near 0.9986.This downward trend can now be stopped after the couple crossed line bearish trend.ADX may signal bullish movements, so the couple may climb over the Guide near 1.0163.
After the couple cannot pass resistance around 0.9803 fell during the Middle Fibonacci Arc line; Line for lower arc (61.8) could help CAD/CHF remain at this level and pushed it back between the two lines as the upper sash. ADX is at a low level, so that we can see a sign for bullish movements over the next few days
As you can see, there are a high volatility on the market; USD/JPY moves between resistance near 81.79 and line support near 80 47. pair is now at a high level so that we can see losses; THE RSI and the common consular instructions is booth at a high level that could be a signal for an overbought market.
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