Mortgage Giants

Trade in dollars today the dollar recovers, after the rescue announced by the U.S. Government at the end of the day the dollar receded night view estimated that the dollar will lose ground it is estimated that the trade will be calm, given the American data expected tomorrow what awaits the martesTodos EASTERN (- 4 GMT) hours 9: 00 amBernanke, Fed Chairman, will speak 10: 00 am, USD Pending Home Sales m/m 10: 00 am, USD IBD/TIPP Economic Optimism 10: 00 am, USD Wholesale Inventories m/m overview the GREENBACK continued making progress after the night improvement, reaching highs against most of the rest of the currencies during the American trading session, with the exception of the YEN. Operated volumes were low. The pound lost ground and recorded values not reached a year ago, Rondo of the 1.7468 area; the pair has reached significant minimum. Several operators stated that the initial recovery of the pair, which reached the 1.7977 It came to pass when volumes were significant, suggesting that the pair will remain on both sides over the next few days. The EURO continued after the pound also in baja, prowling the 1.4100 zone; minimum registered in the zone of the 1.4053 and operated volumes were low. There are great expectations that the EURO fell below the 1.4000 area in the short term, but after the sharp fall today, those who were in short can take profits, so the pair could improve slightly.

The couple dollar / YEN did not recover and finished the day below the maximum previously registered, and below 50 bar MA. Several operators noted that the pair USD / YEN is probably vulnerable to further losses. The SWISSY recovered, registering peaks in the 1.1375 area, subsequently the pair retreated to reaching the 1.1320. In my opinion, the reaction of the dollar at the proposal of the U.S. Government with regard to the rescue of mortgage Giants 2, benefited both the GREENBACK These effects will as a global stock exchanges, however, much more not endure. It is estimated that trade in the dollar ease overnight. American morning data estimate that they will not be favorable, so it will probably impact on the GREENBACK. For more information visit us at original author and source of the article.

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