Previous week review. August 19-23, 2013 American currency didn’t change its positions much this week, as well as protocols of the last FED’s meeting didn’t clear up situation with the future of the QE3 program. Almost all participants of the meeting have decided that it is still too early to close the program. Stats from the real estate market appeared to be much lower than a forecast: 394 thousand against 487 thousand. EURUSD couldn’t breach 1,34 after release of the negative news from the real estate market and was traded around this level getting ready for another attempt to breach the resistance. PMIs in France and Germany appeared to be oppositely directed, however, both of them were above 50%, which is a borderline between recession and expansion. It gives us a hint about recovery of the Eurozone’s economy. British pound has secured its positions against the US dollar, but corrected downwards later this week around the resistance level at 1,57. Positive data about II quarter’s GDP didn’t help pound to improve its positions. It got under the pressure after making an attempt to move up. Australian dollar lost 1,6% by the end of the week. Make profit in Forex with MAYZUS.COM - MAYZUS This information is an analytic review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.
Posted on: Mon, 26 Aug 2013 08:13:15 +0000
Trending Topics
Recently Viewed Topics
© 2015