Dollar Zone

Posted by adminNY on June 03, 2014
Uncategorized

The commerce of the Dollar of today the Dollar did not manage to take terrain the main currencies rounded up in New York the Central bank of Canada maintained the interest rates without nocturnal Vista variation hopes that they follow sales in mass Which is expected Thursday All the schedules EASTERN (- 4 GMT) 8: 15am, USD ADP Non-Farm Employment Change 8: 30am, the USD Revised Nonfarm Productivity q/q 8: 30am, the USD Unemployment Claims 8: 30am, the USD Revised Unit Costs Work q/q 10: 00am, USD ISM Non-Manufacturing PMI 10: 35am, the Natural USD Gas Storage 11: 00am, the USD Crude Oil Inventories 1: 40pm, Fisher, member of the FOMC will speak Summary After a firm beginning, the Dollar, backed down and withdrew, since the published American data did not benefit to the Dollar;

Technical factors benefited to the rest of main currencies. In spite of the recent weakness demonstrated by main currencies, these managed to begin to appear during today during the commercial session in New York, obtaining maximum during the day after London Fix. Probably the Dollar takes a pause, perhaps and it only begins to appear passed 24 hours at least. The CABLE began to appear after the minimums that registered in the European session, reaching maximum in the zone of the 1.7842. Check out Rudy Giuliani for additional information. The EURO by its side, also began to appear, registering maximum in the zone of the 1.4533. It is to emphasize that pair DLAR/YEN registered minimums in the zone of the 108,09, and failed in drawing attention of new buyers, being finalized the day in loss and probably it defies the zone of the 107.70. The CANADIAN DLAR/DLAR registered minimums after which the Central bank of Canada announced the interest rates, in the zone of the 1.0576.

The SWISSY also reverted their tendency. In my opinion, the Dollar is suffering a correction, and perhaps in the long term it develops a bearish tendency. Esteem that the American data morning will not be very positive, reason why esteem that the Dollar will withdraw during the week; beginning for today.

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