The Dow Jones Industrial Average closed higher last Friday amid mixed financial data releases that reinforce the believe that the Fed will continue to keep the rates in close proximity to zero for a foreseen future and will spend all of the US$600 billion designated for easing. This propels stocks higher, as money injected by the Fed looks for home, and pushes bonds lower as money managers pursue returns. By pumping cash into the economic system, the Fed's purpose was basically to attract traders into riskier investments, such as securities, that might eventually feed through into the broader economy as folks will start feeling wealthier and increase spending.
In Asia today, the euro struggled on the back of early results hinting that Chancellor Angela Merkel's Christian Democratic Union has lost power over Baden-Wuerttemberg, the prosperous southwestern German area, for the first time since 1953. The center-left opposition, composed of the Greens and their Social Democratic Party partners, won over 47% of the vote, in line with preliminary outcomes. The Japanese nuclear emergency pursuing the quake and tsunami in Japan snared the pro-nuclear CDU off guard and helped the anti-nuclear Greens, several political analysts believe.
The 2nd major economy in the Euro Zone, France, is in addition experiencing changes on the political stage as French voters delivered a whack to President Nicolas Sarkozy before next year's presidential election, deciding on Socialist and National Front candidates in local elections on Sunday.
GBP/USD forex trading alerts: The bottom 20-day Bolli band, at 1.5953, is under tension from the climbing greenback. 1.5970/80 is a sturdy support that if maintains we'll observe the pair rally to the 1.6170 vicinity where by the 20-day MA lies. If support fails, more range for a downside near 1.5750. Daily charts are bearish with MACD and RSI agreeing on the negative perspective.
EUR/USD best daily forex signals: MACD is working out a bearish cross at the same time as RSI changed decisively bearish. These a couple of suggest a bearish perspective. On another hand, rising Bollinger Bands channel indicate increases by the euro and supplying an all round bullish look to the charts.
USD/JPY accurate, reliable fx signal: At last the USD is building advances higher as the pair breaks through the 20-day MA, at present at 81.52. The upper Bolli band 83.51 is in focus now. MACD printed a new bullish cross and RSI crossed the neutral line of 50 from underneath. Daily charts have rolled over to paint a bullish picture.
In Asia today, the euro struggled on the back of early results hinting that Chancellor Angela Merkel's Christian Democratic Union has lost power over Baden-Wuerttemberg, the prosperous southwestern German area, for the first time since 1953. The center-left opposition, composed of the Greens and their Social Democratic Party partners, won over 47% of the vote, in line with preliminary outcomes. The Japanese nuclear emergency pursuing the quake and tsunami in Japan snared the pro-nuclear CDU off guard and helped the anti-nuclear Greens, several political analysts believe.
The 2nd major economy in the Euro Zone, France, is in addition experiencing changes on the political stage as French voters delivered a whack to President Nicolas Sarkozy before next year's presidential election, deciding on Socialist and National Front candidates in local elections on Sunday.
GBP/USD forex trading alerts: The bottom 20-day Bolli band, at 1.5953, is under tension from the climbing greenback. 1.5970/80 is a sturdy support that if maintains we'll observe the pair rally to the 1.6170 vicinity where by the 20-day MA lies. If support fails, more range for a downside near 1.5750. Daily charts are bearish with MACD and RSI agreeing on the negative perspective.
EUR/USD best daily forex signals: MACD is working out a bearish cross at the same time as RSI changed decisively bearish. These a couple of suggest a bearish perspective. On another hand, rising Bollinger Bands channel indicate increases by the euro and supplying an all round bullish look to the charts.
USD/JPY accurate, reliable fx signal: At last the USD is building advances higher as the pair breaks through the 20-day MA, at present at 81.52. The upper Bolli band 83.51 is in focus now. MACD printed a new bullish cross and RSI crossed the neutral line of 50 from underneath. Daily charts have rolled over to paint a bullish picture.
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