Forex Robot - Daily Review

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Another round of very weak macro data investors hit and bounced the double recession fears put the sky.


Despite the weak macro data, leading indicators failed to find support, to offset the losses with the help of rally towards the end of trading to finish the climbs. It was the first increase after four consecutive trading days of the drops.


Leading indices fell by about 4% during the previous four trading days and opening U.S. trade pointed to another weak opening.


European stock exchanges early today even managed to ignore the downloading of Ireland's credit rating company by Standard & Poor's AA rating of AA-rated, but continuous pressure on sellers who want to leave the stock market, for fear that global economic turbulence, led the index decline sharply.


In addition, stock markets fell in morning in Asia, with China's Shanghai index falls 2% in the Japanese Nikkei index deep into the territory of the early decline.


Nikkei continued to fall, though he could get away a little wine than the highest it came on Tuesday, and reports are updated exports begin to show how profound impact strength due to exports of wine. And reported that the Japanese Finance Minister hair considering direct intervention of the wine due to ongoing injury concerns exports.


Great disappointment in sales in the U.S. Durable Goods markets contributed to the negative tone, with total sales material goods for July increased by only 0.3%, far away than expected, was the increase of 3.0% (but it is important to note updated June Abstract up and decline a 1.0% decrease of 0.1% only).


Excluding transportation (core CPI), Durable Goods sales dropped in 3.8%, falling significantly stronger standing in front of the expected increase of 0.6% (core index also given updated last month to an increase of 0.2% against a decline of 0.6%).


The negative tone intensified after new home sales for July fell 12.4% compared to a month before an annual level of 276 000 homes only, lower than expected, he was on 333 000 new homes. The fall in sales of new homes continues the line of houses on the market recession introduced Shlshloma existing home sales.


Support levels were broken and money fled the decline of more than 1%, but the measures failed to find support and began to fix up. Amendment introduced a wave of profit and closing of short positions in (short covering) that led to the expansion of the expansion wave of shopping and eventually delete the falls.


Who continues to be better than expected data in a lighthouse in choppy water is Germany. After it has updated its forecast for its growth last week, yesterday presented her German business confidence index and beyond prediction beyond the level of trust last month (106.7 against 105.8 expected the previous 106.2). Today will be consumer confidence in Germany will be interesting to see whether the improvement in Europe's largest economy also began to seep into the public.




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Dow Jones closed 0.20% owner of the 10 060 gate



Nasdaq closed 0.84% owner of a 2142 gate



S & P 500 closed 0.33% owner of a 1055 gate



Dax closed 0.61% decline of 5899's Gate



Potts closure of .90% decline of 5109 Gate



Nikkei traded owner of 0.39% on the cover of 8883


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In principle, the day is the quiet before the storm, when the data calendar full day low-level data for the really important data tomorrow. But given the weakness of the macro data in light sensitivity of investors, as well as given two non-compliance rate mortgage payments last quarter, the U.S. can present a significant wave markets.


Table data for today includes:


09:00 Consumer confidence in Germany.
10:15 Unemployment rate in Switzerland.
11:00 Quantity (Base - 3M) money in Europe.
13:00 UK retail sales.
15:30 U.S. weekly unemployment claims.
17:00 rate of failure to meet mortgage payments in the U.S..



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EUR / USD
The pair continues to be traded between a rock and a hard place - on the one hand fear of economic turbulence still pushing the haven investors flee the dollar, on the other very weak macro data continue to point to the U.S. last fall primary victim in Germany shows signs of stabilization and growth. Uncertainty prevents traders to break clear direction when attempts to break through the 1.2730 (average 100) failed while attempting to create new low was blocked as well. Investors will continue to track the stock markets and the conduct of macro data, but the real break is necessary to formulate the medium-term direction. finished the last rate rise of 0.25% cover of 1.2663, expect today: See Graph A.



GBP / usd
Daily average of 50 pounds continued to provide support and reversal of direction in the U.S. leading indicators renewed spirit Abmfrsi Haifa pound. That the pound could fall to delete the opening day, and finish the day to close above the 200 daily average. The most important macro data for England tomorrow (growth / GDP prices bytes) it appears that volatility will continue to pound channel. The pound ended the last owner of 0.44% on the cover of 1.5473, forecast for today: see graph in



USD / JPY:
The pair managed to repair the fracture Sshlshum new multi-year lows significant. During the day, more investors tried to sell the pair and took him again on the brink of the 84 dollar wine, but the weak U.S. macro data on the one hand and repair on the other stock markets led the duo to repeat it. A technical trend is maintained long after the repair back to produce new low. The pair finished the last owner of 0.56% on the cover of 84.60, expected for today: See Graph C



USD / CAD:
Coin with a high Korolcia goods and oil, over the past week the Canadian dollar weakened significantly against the dollar, and the weak Canadian dollar has led to the pair above the resistance area of the pair. Looking over the past year, the duo can be seen that a wide range slow shuffle. Oil patch will continue to shuffle the pair to correct downwards. The pair finished the last owner of 0.15% on the cover of 1.0593, expect for the day: See Graph D.



Gold:
Change the direction on the exchanges was not impressed with the dollar gold, many investors continued to flee to invest in gold toward the perceived safe channel times of extreme uncertainty. As a result, gold extended the rally and now he is facing back toward the main trend reached record highs two months ago. Gold finished the last owner of 0.89% on the cover of $ 1,240 per ounce, expected today: the $ 1,241 it



Oil;
Difficult U.S. macro data sharp declines in world markets led to further declines in oil prices after investors believe that oil demand levels impact going to be very difficult. With the decline yesterday morning on the exchanges in Asia and Europe, pushed Shurtastem oil into the line and $ 70 a barrel but failed to break it. change of direction on the exchanges in the evening sent the oil to fix the resistance line in the $ 73 (average 100 daily). The question "Where from here?" depends on many leading indicators. Forecast for today: a slight rise toward $ 74.20

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