Monday, July 2, 2012
The Swissy, the only pair that gained ground
Overnight Asia / Europe • USD mixed results • The JPY did a great variation in the night
Economic data díaTodos times EASTERN (-4 GMT) • 8:30 am, USD Non-Farm Employment Change • 8:30 am USD Unemployment Rate • 8:30 am, Average Hourly Earnings USD m / m
For Monday All times EASTERN (-4 GMT) • 1:30 pm, Fisher, a member of the FOMC discuss • 3:00 pm, the USD Consumer Credit m / m
The beginning of the week will be calm from the United States.
Summary
The dollar began with mixed results during the session in New York, after a night with high volatility in Asia, the USD / JPY fell 150 points, reaching lowest in the area of 105.67. Later, the pair was a setback, reaching highs in the 107.35 area, the pair is currently hovering around the 106.20 area, this morning early American trading session. The CABLE lowest in the 1.7535 area, it is noteworthy that the power remained in the area of 1.7600 at the beginning of the trading session in New York. The euro fell and reached lowest in the area of 1.4196 at the beginning of the American session, probably the pair reach the 1.4150/60 area. Maybe the EUR and GBP reached new lows. The Swissy highs in the 1.1182 area, and formed a double top the charts as observed, apparently the only pair gained ground. The publication of Canadian employment data beat expectations, which helped the USD / Canadian dollar back at the beginning of the trading session in New York, the pair reached the area minimum of 1.0633, and remained firm in the area of 1.0660.
In my view, aggressive traders could buy pounds and euros, if these are still low. Interesting was the performance of USD / YEN in the area of 107.00, and may start a challenging dollar settlement from the 105.50 area. Is estimated to be weak U.S. data this week.
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