Wednesday, August 4, 2010

Dollar Continues to Lose Value

Continuing to lose you're welcome to August 4 dollars of forex news about our site, we collect information from published trforex.org
Stocks
Weak data and balance sheets came under the influence of the weak trend seen in the American stock market. Dow (10636.38) 0.36%, S & P 500 (1120.46) fell in the rate of 0.48%. Dow may test the level of progress in the days 10850-900.
Today in Asian stock markets also declined. Nikkei (9548.59) The impact of the appreciation in the Yen at a rate of 1.50%, while Shanghai (2617.12) decrease in the rate of 0.38%.
Commodities
With the effects of dollar depreciation in the price of oil continues strong progress. 83 levels of progress in the case of the breaking up of the day can be tested in the 85-87 level. Today the future of U.S. oil stocks data.
Gold prices below the level of 1200 continues to move. Not very strong upward movements. A strong resistance zone of 1190-1200 could not be broken up. Therefore, progress can be tested in the days of 1160-50 levels.
Gold / oil ratio dropped to the bottom of the chart from 15.00 to 14.80 support area. This situation could be up to the level of oil prices is 85-87. Gold prices may move between the 1170-1220 level.
Currencies
Most powerful non-dollar currencies is watching. Not yet seen a significant selling pressure. Parity can be important to test the resistance level. Continue to rise after the correction can be seen in motion or horizontal motion.
EURUSD pair is moving within a rising wedge formation. Retail sales figures today, the EU's future will follow. USDJPY fell below parity support 85.75.
EURJPY effect of parity with the yen appreciation in the value of losing the last two days. Support level is 112.65.
Parity USDCHF decline from 1.0400 to 0350, but the support is removed from the area comes into buyers. Below the 1.0350 level, selling pressure will increase. GBPUSD parity continues to rise. Resistance near the 1.6050 level there. AUDUSD parity is strong, but watch the weekly chart the trend line at the level of resistance is encountered.
Interest Rates
3-month USD LIBOR rates fell 1 basis points to 0.43% 'e disappeared. 2-year and 10-year interest rates three and four basis points to 2.90% and 0.52% respectively, are decreased.
Yesterday Bank of Australia left interest rates unchanged at the level of 4.50%.
BOE and ECB interest rate decision tomorrow to explain.

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