For the third consecutive month the confidence of consumers in England recorded a rise. Slowly after the lows recorded during the summer, confidence seems to return to the market, so the GfK NOP reported it. JPY the yen recorded minimum of 2 weeks ago as expected the BCJ unchanged interest rates and reduced its growth forecast for the 2009 fiscal year, while the export sector of Japan continued to suffer from the effects of the global crisis. It is noteworthy that the BCJ said that it estimated that the rest of the major economies could begin to pick up for half of the year. The yen fell against most currencies, with the exception of the neo dollar zeelandic, given that several investors bet strategy by differentials in interest rates. The Japanese currency fell 0.6% reaching the 130.42 against the euro, compared to the registered 129.61 yesterday. The yen also fell 1% reaching the 98.72 against the dollar.
OIL Caen reserves of crude oil while it is estimated a global recovery on Thursday oil advanced reaching $50.92 per barrel. Let us remember that crude oil was questioned by swine flu, given the doubts which generated demand for such commodity, particularly by the drop in international tourism and the aggravation of the economic situation globally.Apparently an economic recovery would happen quickly, and United States already shows signs of improvement, as it was yesterday with the publication of unemployment allowances. This phenomenon produced a positive trade on the stock market and helped crude oil. However, swine flu remains concerned, and Mexico is in a very difficult situation to deal with this phenomenon. No doubt this fear will cause a drop in tourism, and various sectors will be adversely affected. News technical EUR/USD on the hourly chart, the RSI is located in excess of purchases, so a downward correction would be imminent. The daily graphic, through the Momentum supports this notion.
Happens when the break bassist, go short will be right thing to do. GBP/USD 4-hour chart shows the RSI in neutral territory. However, the graphic schedule slow stochastic shows a possible bullish formation. It would be advisable to wait until that happens the bullish correction. USD/JPY the uptrend weakens and the pair seems to consolidate at the 98.80. In the 4 hours chart RSI is in excess of purchases, so a downward correction would be imminent. Happens when the break bassist, go short will be right thing to do. USD/CHF pair continues to trade in a narrow range, and currently is around the 1.1390. The 4-hour chart shows the stochastic slow indicate a possible decline. Happens when the break bassist, go short will be right thing to do. The letter of the day gold gold again is in baja, and is currently traded at $885 per ounce. In the daily graphic, on the stochastic slow signs upside. This phenomenon could be used by investors to enter with the trend.