Currencies  |  December 04, 2012 08:59:26

Schrnutí EUR / USD

This morning released by Markit's PMI of the euro zone, which rose by 0.8 points to 46.2 points. Although not a negligible increase, the value of the long term PMI remained below the surface 50, which forms a boundary between growth and contraction of the European economy.
Result PMI suggested, however, that the situation in the industry should soon turn for the better. Only showed that the activity of factories, new orders and production declined at a slower rate.
The growth of the PMI market responded very well, the euro strengthened against the dollar to 1.3072 highs today. Continues its strong growth during the Asian session.
The most interesting news for today's trading session on the currency pair EUR / USD, however, the notice details about the purchase of Greek bonds by the Greek government, which was one of the many conditions for the provision of financial assistance.
Greek bond prices not only bonds but also other southern eurozone countries went up immediately. Purchase of Greek sovereign bonds was appointed last week at a meeting of creditors, which is also the next eurozone countries by the International Monetary Fund (IMF).
There were doubts whether the Greeks are able to attract needed investors to buy bonds to achieve debt humiliation of € 20 billion. So the amount intended for ministers eurozone and the IMF.However, the publication of details of the Greek government even if only on a market reaction immediately refute any doubt.
Greece established a minimum price range from 30.2 to 38.1 percent, while the maximum is in the range from 32.2 to 40.1 percent, depending on the length of maturity.
Greece to sell their government bonds will use the so-called modified Dutch auction. This means that investors shall, for how much they are willing to sell their bonds, and then the purchase price will be determined.

In the 16 hours was published Purchasing Managers' Index in the industry in the U.S. in November, which fell by 2.2 points to 49.5. He reached to the lowest level since July 2009. Moreover, far from the expected value of 51.5. This result can be considered very negative fundamentals for the U.S. economy because the value of the index and got below 50 points, what is the signal contraction.
The diagram shows 2 large bullish candle, which responded to today's positive fundamentals in the eurozone. Eurodollars are still keeps on growing channel and we will see if closing above 1.3070 and Eurodollars has a clear path to 1.3140. At the moment I would rather sought only long positions and tried to stay in the trend, even if in the near future can be expected and correct trends that could indicate a bearish divergence on the chart. Candle on the daily chart is approaching the long-term trend line, it is possible that before she tries to break through the bulls, so they need some space.

Interesting is also the development BOSSAUSD Dollar exchange index that captures the movement of the U.S. dollar against a basket of other currencies. At 4 hours chart, we see the weakening U.S. currency, which today reached the supportní border around 66.35. Broke through, creating a new low on price 66.23. Given the negative news from the U.S. economy, we can expect further weakening. In terms of technical analysis may come up short corrective movement before continuing sell-off since the last candle got a lot of low and then returned to him and Reviews Support concluded. Thus creating a lower low.

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Schrnutí EUR/USD (1)

Diskuze a názory uživatelů na téma: Schrnutí EUR/USD
04.12. 10:51  schrnutí??? - lépe česky: shrnutí (Ladajs)

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