The euro has everything to please but fails to break resistance techniques

Brussels - July 1, 2008 - While awaiting the decision next Thursday on interest rates from the European Central Bank (ECB), investors still penalizing little convincing comunicado of the U.S. Federal Reserve last week. The inflation data for June in the euro zone has also been a good reason to encourage the trading of the euro. Almunia admitted that the euro exchange rate is "overvalued".

The Fed leaves rates at 2% but their turn upward bias in inflation

Washington - June 25, 2008 - The U.S. Federal Reserve kept interest rates unchanged at 2%, following its meeting two days after the campaign downs that began in 2007 and which resulted in seven consecutive cuts , Some of them historical, equivalent to 325 basis points. The U.S. central bank said that the risks of growth appear to have declined somewhat, but that inflation, above all expectations, rising.

Collection of benefits: the dollar and the euro rests breathe

Washington - June 11, 2008 - A chorus of voices to recover the dollar led by the chairman of the U.S. Federal Reserve, Ben Bernanke. Clearly, the verbal intervention is the new practice of central banks. But nothing can today with collecting profits in the currency market after the dollar accumulate on Monday and Tuesday its biggest increase in two days since 2005. Follow here the euro / dollar exchange.

The Fed will act on inflation but sees no risks to growth

Washington - June 11, 2008 - The chairman of the U.S. Federal Reserve, Ben Bernanke, noted that the agency will fight vigorously growing inflation, while energy costs soar hand in hand with the hike of oil. Bernanke also minimized data last week showed that the unemployment rate jumped from 5.1 to 5.5% in May-its largest increase in 22 years, saying that the risks of a substantial deterioration in the U.S. economy is were fading. After these words, the market looks closer to a rise of rates.

'Daddy Bernanke' returns to rescue the dollar, due to rises against major currencies

Washington - June 10, 2008 - The chairman of the U.S. Federal Reserve, Ben Bernake has been taken very seriously the rescue of the dollar. Yesterday again push its currency with a twist to its concern with inflationary and unconcern compared with the country's economic situation. The market has got the message and bet on a rise in rates sooner than expected.

Forecasts, June 6, 2008

EUR-USD
It should move in a range between 1.5520 - 1.5756.

USD-CHF
If It is below 1.0418 - 1.0451 it should fall to 1.0315 or below 1.0250.

USD-JPY
If It is below 106.51 it should fall to 105.57 or 105.28. In case to climb above 106.51 it would see it climb above 107.08.

GBP-USD
It should climb to 1.969 after which it should fall to 1.0498 or 1.9412.

AUD-USD
It should climb to 0.9616 if 0.9564 - 0.9549 offer support. It should place the stop loss below 0.9534

USD-CAD
The resistances are around 1.0200 and 1.0259. It should test 1.140.

EUR-JPY
It should be completed its climb to 165.23 or 166. 22 after what it should fall to 164.24 - 163.73.

Yours,
Da-Pay.Com

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Trichet warns: there may be a rise in rates in July


Brussels - June 5, 2008 - The European Central Bank (ECB) has left interest rates at 4%, in line with market forecasts. The chairman of the entity, Jean Claude Trichet, has reported that have raised their projections for inflation and slightly growth for this year and the examination of the situation, "it is possible, although not safe, which raise rates at a small amount "in the July meeting. The European exchanges have reacted with sharp falls.

The market provides for the possibility of a change in trend for the dollar

Washington - June 4, 2008 - Day hangover in the currency market. The market tries to assimilate the "drunk" comments on the dollar that the chairman of the U.S. Federal Reserve, Ben Bernanke, took yesterday. Traders observe carefully the movements of the dollar because they think they can take the path of recovery in the coming months. A look at the euro / dollar exchange.

Bernanke breaks in the currency market to give wings to the dollar

Washington - June 3, 2008 - The chairman of the U.S. Federal Reserve (Fed), Ben Bernanke, may have marked a turning point today in the dollar to be concerned about the weakness of the ticket and green to make it clear that will take a break before returning to move rates. Will the hike to next time? The euro has hosted these words with a vertical drop. Bernanke is worried about the depreciation of the dollar and its inflationary implications.

United States grows more in the first quarter but remains the recession on the horizon


Washington - May 29, 2008 - The Gross Domestic Product (GDP) of U.S. grew by 0.9% in the first quarter of 2008, according to the first review by the Department of Commerce, which represents an improvement of three tenths front the fact that progress was made on April 30. However, this figure is not yet final because it is calculated once again. Analysts consider the possibility that the first global economy falling into recession is still present.

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