Besides losing USD 10 - 11-ground

November 10, 2010 posted by Yohay
Filed under forex news | leave a comment

USD loses more ground, and is nearing a key support line. It to break down after a busy day of bounce and this here? Technical and fundamental social trends is a quick update here.

Approaching 1... 37 Euro / US dollar

If technical

Asian session: USD trading in the low range 1.38.Current range 1.3830.Further level both directions 1.37: under 1.37 and 1... 3637. Above 1... 3830, 1... 3950, 1... 4030, 1... 4030, 1. 4160, 1... 4217, 1... 4280, 1. 4450, 1... 4580. 1.37 Fairly low point 1. 4030 Quite high points.

USD Foundation

All the time is GMT. Emphasized the most important events.

At 6: 30 pm France CPI. Professional 0.2%. Actually + 0.1%. 7: 00 Pm Germany WPI. Expert +0.7% %. The actual month %. Disappointment.7:45 France industrial production. Professional 0.2%. 0.1% Of the actual. Requests United States unemployment at 13: 30. Expert 451 K... 13: 30 Minutes United States trade balance. Experts - 45 billion yen. 18: 00 ECB President Jean Claude Trichet negotiations. 19: 00 United States federal budget balance. Experts - 153 billion yen.

If attitude

Begins to drag the guys QE2 Europe, commodity currencies by powerful effect than measures there. Leading bank Ireland pack.Tensions Ireland debt problems once again have a problem, in the upcoming weekend's g-20 Summit towards also agenda agreed any small chance. Currensee community: 59% are long, 41% are short. These 1171, position is account of actual this pair in the moment of trades. Looking to escape $ community QE2 and bearish trend?

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Tags: CPI, if technical analysis, federal budget balance, industrial production, Jean-Claude Trichet, trade balance, unemployment claims that the WPI.