USD,EUR, GOLD,SILVER (Analysis)

[timbecks777]

EUR
EUR/USD is going down after the announcement of the decision to reduce the discount rate. Reduction of pair was caused by fixation of long positions, but the price is expected to return very soon, and we will see continuation of ascending trend.
Intermediate buying of EUR | USD will start from the support line of ascending trend at around 1.56 (see chart). In the case of the further reduction the buying will increase approaching to 1.54. Counting in favor of further growth there are Bush's speech which was somewhat disturbing, as well as low inflation that allow the United States to lower discount rate to 1%.
On Wednesday Construction production as well as the trade balance on European economy will be published. The latter will be of interest because growth of EUR could affect the export of goods from the euro zone.

the source: http://blog.poltekfx.com/

 

[timbecks777]

USD
The dollar continues to strengthen third day in a row. However, this consolidation is correction rather than turnout. After lowering the discount rate to 2.25% in the United States and Bush's statements on the maintenance of economic growth, another lowering rate is expected to happen at the next meeting.
Inflationary data show that the United States still have the possibility of lowering discount rate, but in the future because of rescue of the growth’s rate, the country will have hyper inflation, the rate of which can grow to double meanings, and it will maintain USD in the medium term....to see full text please visit http://blog.poltekfx.com

 

[timbecks777]

EUR
The European economy is waiting for statistics on Service PMI and Manufacturing PMI. It is expected that the data will not have a strong influence, but it is the most important data of this week from the EU. In addition, on Friday there will no statistical data as most countries will celebrate Holy Friday.
Before the opening of European session, EURUSD is trying to overcome 1.56 support level. If the price can break this level, it is possible that the price fall in the area of 1.54 marks. Rebound from this level to upside can cause resumption of pair growth to the absolute maximum and above.

http://blog.poltefx.com

 

[timbecks777]

GBP
GBP | USD is testing 1.9870 the area of the first intermediate support (closing of a second three-year period), which is located below the stop order. Breaking of this level will open the way to1.94 support level (closing of five-year period.) Area between the two levels is of great interest to participators as in the case of reducing prices below the second level there is a probability of further pair reducing and it can continue to decline for several years when the price doesn’t get back to the current position....

to see full text please visit http://blog.poltekfx.com

 

[timbecks777]

21.03.2008
USD

USD has completed the consolidation on Thursday (which is a technical correction) after a long decline. However, despite long decline and the high rate of other currencies against the dollar, it is expected that USD will continue to decline for some time. Inflationary data in the United States remains modest, which allow the discount rate cut to 2% as minimum for the maintenance of growth, but in the future this step will cause hyper-inflation, for deterrence of whitch it will be necessary to raise rates quickly up to 10%.
For financial markets today is not of interest, as most of the countries celebrate Good Friday, which will result in lack of news.

http://blog.poltekfx.com/?p=51&forex=1

 

[timbecks777]

JPY

USD | JPY is traded with a slight increase, which is a technical correction after a long decline. It is possible that in the morning growth of pair will continue because of low volume of trading and lack of holidays in many countries.
Technical analysis shows that after a long time the price can grow up to 111.80 (50% of the downward movement), after that the decline will resume. But America should stop lowering interest rates for such a strong growth. Examining the fundamental analysis in the United States a few more downwards are possible, so this growth is not expected soon.... full text is here:http://blog.poltekfx.com/?p=51&forex=1

 

[timbecks777]

GOLD
Against a background of strengthening USD gold fell sharply. The collapse of gold was caused by the closure of a large number of speculative positions, which had been opened against the dollar decline. Sharp fluctuations in the gold were caused by USD decline, as it is quoted in USD value. Against the background of USD decline, many participants bought futures on goods to maintain their savings, and that led to their growth. However, the strengthening of the dollar led to outflows of speculative money to the foreign exchange market, and then it was followed by strong sales of commodity items. It is expected that the American currency will soon resume its decline, against the backdrop of which we will see a further increase in the cost of metals.....FULL TEXT IS HERE:http://blog.poltekfx.com/?p=51&forex=1

 

[ayitin69]

USD
The dollar continues to strengthen third day in a row. However, this consolidation is correction rather than turnout. After lowering the discount rate to 2.25% in the United States and Bush's statements on the maintenance of economic growth, another lowering rate is expected to happen at the next meeting.
Inflationary data show that the United States still have the possibility of lowering discount rate, but in the future because of rescue of the growth’s rate, the country will have hyper inflation, the rate of which can grow to double meanings, and it will maintain USD in the medium term....to see full text please visit http://blog.poltekfx.com

Thanks for the information, dollars is seen gathering more strength. We expect to see it stronger next week.

 

[ayitin69]

Since today is good friday, many traders are on holidays; no much activities in the market. After the easter, we hope the market will be very busy and we expect to see dollars stronger.

 

[ayitin69]

It appears that the fall in the price of dollars brings about a corresponding increase in the price of gold and vice versa.