Forex Robot - Daily Review 27/08/2010

Forex Robot download now!

Lack of technical resistance levels against the market momentum investors to enter positions concerns led the U.S. indices finished the last downhill goals despite improved weekly unemployment claims, late race pressure sales technical support levels prevented the indices to break new base.


U.S. Weekly unemployment claims were on the 473 000 expected this week with claims of 488 000, as well as claims fell after four consecutive weeks of ups who married last week in which he claims the record stood for almost a year (504 000 claims).


Continuing unemployment claims also dropped this week to a level of 4.46 million claims against the 4.52 million claims last week.


After it became clear that unemployment claims are not as bad as expected / feared leading indices opened the trading day on the climbs goals while extending the previous day's gains, despite walking two daily gains did not take long until the shares met with resistance, as well as premier rally were arrested and spent the leading indicators the next several hours shuffling around the natural line.


After several hours of shuffling missing since traders began to realize profits yesterday and yesterday's ups and reduce exposure to the end of the week, the decline in support levels were arrested for stopping the declines early this week, sellers have tried again to develop a momentum that would break the support levels and create an ongoing pattern in decline, despite attempts sellers managed to just finish the trading day and downs, but failed to build a significant decline.


Indices finished this downhill, then the fifth day of the last six trading days.


Technology stocks were among the biggest losers yesterday, despite the new Wadia regarding the war on acquisition 3Par, at this stage it appears that the winner is Dell, which announced that the proposed acquisition is access to a total of $ 24.30 per share was accepted, the proposal had won the largest competitor's bid of Dell, the company Hewlett-Packard submitted a proposal for $ 24.00 per share.


U.S. government bonds began the day with declines in the yields in light of the supers must shifting money exchanges in the bond market for stocks, but stock markets led to the reversal of the direction s bond rates increases when investors sell their holdings in stocks smuggle their money back to the bonds, running bond yields back the lower their level, bond yields to 10 years used to determine the mortgage interest rate loans fell again to a level of 2.499%


U.S. Dollar Index remained under moderate pressure throughout the trading day, the index lost 0.5% of its value mainly as a result of the strengthening of the euro against the dollar, strengthening of the euro came after Ireland failed to make capital with high demand levels Download this week despite its credit rating.


Asian indices in the early morning pass gates increases the level of unemployment in Japan has declined from a level of 5.3% of the workforce to a level of 5.2%, Japan also has the CPI stands at 1.1% - an annual level indicates that Japan's economy still lost Bdiplcia.


It is very important to pay attention to the macro data published today in the U.S. since the uncertainty in which traders are in a today data has lead to significant fluctuations and long.


*** Should be updated during the afternoon (at 15:00 to 18:00) with the trading room and macro economic developments and the meaning of the data!



-------------------------------------------------- -------------------------------------------





Dow Jones closed a 0.74% decline of 9986 Gate


Nasdaq closed 1.07% decline of 2119's Gate


S & P 500 closed 0.76% decline of the cover of 1047


Dax closed 0.22% owner of the cover of 5913


Potts closed the owner of 0.91% on the cover of 5156


Nikkei traded owner of 0.76% on the cover of 8975




-------------------------------------------------- -------------------------------------------



In recent weeks, traders were to increasing uncertainty regarding the future of the global economy in general and U.S. in particular.


Today's data is then given too much importance as it has Abamatahtan can shed light on the future, the attention given Thoasat growth (GDP) in the U.S. published today, Michigan index of consumer data, growth in England as well as the consumer price index in Germany


But no doubt Chairman Bernanke's speech the U.S. central bank to the Conference of Ministers of Kansas Finance and the Governor containing central banks around the world have the central role in the play of the day, the speech topic is "the economic outlook and monetary policy the central bank's response to" supposed to touch any sensitive issues that led uncertainty among traders and therefore there is high possibility of severe market fluctuations after the speech.





Table data for today includes:


09:00 Import prices in Germany.
11:30 Growth (GDP) and investment businesses in England.
12:30 Swiss economic barometer.
15:30 Growth (GDP) in the USA.
16:55 to examine the University of Michigan index of consumer sentiment in the U.S..
17:00 Speech by Fed Chairman Ben Bernanke in the U.S..




-------------------------------------------------- -------------------------------------------



EUR / USD
Waiting position below the average level of resistance of 100 daily maintained throughout the day as traders preferred to ignore the reasonable labor market data (weekly unemployment claims drop) in the market house (shot with a significant amount of mortgages that were at least one payment last quarter), with the publication of important data in the U.S. On Bernanke's speech seems that the trade shares for trading until Friday late afternoon and commerce after the data, you should lurk break Shlrmoat important by the market and analyzes the data published during the day, finished the last rate rise of 0.42% on the cover of 1.2716, expected today : See Graph A.




GBP / USD
After Sshlshum pound could bounce back above the daily average 200 pound yesterday continued to climb, but the lack of momentum investors' fears about the data published today prevented a significant breakthrough to pound up, pound as euro wait macro-economic developments in the U.S. sector, but unlike the pound rate traders will Advertising is also subject to growth in England that could ignite a strong movement in itself and regardless euro, pound finished the last owner of 0.32% on the cover of 1.5523, expect for the day: see graph in




USD / JPY:
Without special momentum traders behave carefully when data for the day, the pair had written a special traffic during the day, during the night and this morning we see a pair facility is backed up in Japan as a result of increases in the stock market decline in unemployment, but Elite duo does not change the trend as traders wait for U.S. data closely "In trading before the open and opening a significant movement, the pair finished the last drop of 0.17% on the cover of 84.46, expected for today: See Graph C




GBP / AUD:
Reasonable in light of data from England on the one hand oil prices in Australia on the other hand hits the pair managed to get from a level of 1.65 in April-May level of 1.75 from July, the duo manages to keep himself above the average 20 daily last week and average 200 daily backup seems that Long transactions can yield excellent profit and loss ratio, the pair finished the last owner of 0.21% on the cover of 1.7515, forecast for today: See Graph D.


Gold:
Like all the gold market into a position of waiting for the macro data of the day, if this data point at the bad conditions we will see exchanges Kenya decline massive gates of gold, on the other hand improved the mood of investors is expected to lead to send the gold to repair down, gold finished the last drop of 0.32% gate of $ 1,240 per ounce, forecast for today: standby alert and aggressive hacking




Oil;
Yesterday at the opening of the oil could keep the patch up to $ 74 a barrel, but with the return of U.S. indices decline in oil also weakened slightly and is trading now around $ 73 a barrel, as well as all the market traders will be waiting for the black gold intently to hear the words of Bernanke on the economic outlook and U.S. GDP growth data, from the direction the economy Itashfr to better predict the expected demand for oil and hence the traffic you get to the oil, forecast for today: standby alert and aggressive hacking

All rights reserved to Forex Robot