Following yet another above target CPI in April, Chinese administrators decided to raise the reserve requirement ratio for their banks by 0.5%, the 8th rise in 5 months. Each time China, the world's second greatest economy, takes steps to decrease the growth, a flight to safety ensues. Commodities suffer the most because demand coming from China is expected to slow on account of tightening.
Crude oil dropped on Thursday, building on the yesterday's razor-sharp losses, as the International Energy Agency cautioned that increased oil pricing is bringing about decreased demand, specifically in the U.S. The U.S. is the largest oil consumer, followed by China. Include these two developments together and a perfect storm is established for the U.S. dollar's rally plus a tumble in equities. The USD fx gains had been helped by weakened U.K. manufacturing Production and a considerably softer than predicted report on the Euro Zone Industrial Production.
EUR/USD reliable free forex trading signals: The EUR/USD at first tried going higher however 1.4420 resistance kept sturdy and as whispers encircling the possible delay of a rescue package to Greece came up it was vigorously sold lower. There is lots of varying thoughts with traders and at this time the bulls are satisfied buying the drop respecting the 1.4150 support and the bears are satisfied to sell rallies back in the direction of 1.4250 initially.
USD/JPY accurate, reliable free fx signal: The USD/JPY goes on to grind higher and the more time we stay above 80.50, the greater chance we have to break higher in the approaching days and this maintained rally has fx traders feeling a change in the sentiment and a careful bullish tone is currently emerging so long as the rally can be continued. A split down through 80.50 may bring the bearish tone back again.
GBP/USD best daily professional forex trading signals: GBP broke higher on the BoE statement that inflation in the UK could very well get to 5% in the near term and traders took this as an incredibly favorable signal. This story combined with a break of crucial resistance saw the GBP up to the highs where the reversal transpired as the unfavorable news from the Eurozone triggered the GBP to get trapped in the crossfire and sold intensely.
Crude oil dropped on Thursday, building on the yesterday's razor-sharp losses, as the International Energy Agency cautioned that increased oil pricing is bringing about decreased demand, specifically in the U.S. The U.S. is the largest oil consumer, followed by China. Include these two developments together and a perfect storm is established for the U.S. dollar's rally plus a tumble in equities. The USD fx gains had been helped by weakened U.K. manufacturing Production and a considerably softer than predicted report on the Euro Zone Industrial Production.
EUR/USD reliable free forex trading signals: The EUR/USD at first tried going higher however 1.4420 resistance kept sturdy and as whispers encircling the possible delay of a rescue package to Greece came up it was vigorously sold lower. There is lots of varying thoughts with traders and at this time the bulls are satisfied buying the drop respecting the 1.4150 support and the bears are satisfied to sell rallies back in the direction of 1.4250 initially.
USD/JPY accurate, reliable free fx signal: The USD/JPY goes on to grind higher and the more time we stay above 80.50, the greater chance we have to break higher in the approaching days and this maintained rally has fx traders feeling a change in the sentiment and a careful bullish tone is currently emerging so long as the rally can be continued. A split down through 80.50 may bring the bearish tone back again.
GBP/USD best daily professional forex trading signals: GBP broke higher on the BoE statement that inflation in the UK could very well get to 5% in the near term and traders took this as an incredibly favorable signal. This story combined with a break of crucial resistance saw the GBP up to the highs where the reversal transpired as the unfavorable news from the Eurozone triggered the GBP to get trapped in the crossfire and sold intensely.
About the Author:
Easy Pips Forex Signals is a real time provider of automated currency signals. See how you can get their currency signals direct to your account at no charge.
No comments:
Post a Comment