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 |  04-Feb-2008 | |
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| العنوان الرئيسي |  |
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 | Will the Greenback Maintain It's Recovery? |
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| أتجاه ألسوق |  |
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| | EUR/USD | GBP/USD | USD/JPY | USD/CHF | AUD/USD | EUR/GBP |
| ألاتجاه أليومي | 
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| ألاتجاه ألاسبوعي |
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| خطوط ألمقاومة | 1.4920 | 1.9900 | 107.55 | 1.1000 | 0.9170 | 0.7625 |
| 1.4900 | 1.9833 | 107.30 | 1.0970 | 0.9120 | 0.7600 |
| 1.4850 | 1.9800 | 107.00 | 1.0945 | 0.9080 | 0.7560 |
| خطوط ألدعم | 1.4785 | 1.9735 | 106.25 | 1.0880 | 0.9000 | 0.7470 |
| 1.4750 | 1.9650 | 105.90 | 1.0850 | 0.8980 | 0.7440 |
| 1.4715 | 1.9590 | 105.50 | 1.0820 | 0.8950 | 0.7400 |
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| Economic News |
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| الدولار الامريكي USD |
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After a week full of mixed U.S. economic data, a steady stream of negative news from the U.S. housing sector and even after the reduction of an interest rate, the greenback was only marginally lower. Friday's dismal U.S. Non Farm Payrolls report sent the USD near record-lows against the EUR. The highly-anticipated NFP report showed that employers shed 17K jobs through the month of January - the first loss in 4 years.However, an impressive recovery eventually left the USD slightly higher through late Friday New York trading session. The U.S. currency rose against the EUR after a report showing the U.S.manufacturing sector expanded in January, helping the greenback to recover from news of the contraction in the U.S. labor market.The overall U.S. the economy is cooling. The loss of 17K of jobs, as was reflected by the NFP report, makes it difficult to argue that the U.S. economy is not already in a recession. We, at the FxYard, estimate that the Federal Reserve will need to continue to lower interest rates and unless there is a strong rebound in job growth during this month, it is realistic to expect a 0.5% point rate cut.Today the most significant news to come out of the U.S. will be the Factory Orders figures. The figure is expected to release at 2.3%, almost twice higher then in the month prior. During the week, traders will also closely follow the figures of the Nonfarm Productivity index as well as Unemployment Claims and the Pending Home Sales indices.
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| اليورو EUR |
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During the previous week, the European economic data was stronger than expected and the U.S. data was weak, but still the EUR failed to close above 1.49. Last Friday, the EUR fell to $1.4805, down 0.4% from its mid-week trading levels, reversing course after touching a two-month high of $1.4952 earlier in the session.
While the Fed cuts the rate twice in 9 days, the ECB continues to dwell on inflation keeping its benchmark rate unchanged at a 7 year high of 4%. On Feb. 7th, the ECB officials will be meeting to decide on interest rates and even though rates are expected to be left unchanged for the 8th consecutive month, all traders should keep an eye on the comments made by ECB President Trichet at the accompanying press conference.
From a strategic point of view, the medium-term outlook continues to be dominated primarily by the deterioration of the macroeconomic environment and the flow of disappointing news. Analysts predict that the worsening U.S. economy will likely to be the main factor in the currency market in the months ahead. As conditions currently stand, the EUR seems destined for further short-term correction before making another substantive run at the $1.5000 mark.
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| اليين اليابني JPY |
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The JPY was slightly down on early Monday session at 106.90 against the USD, continuing to move in lock-step with equity markets.
The coming week holds at least a few indicators of interest. The preliminary Leading Economic Index for December will post its figure on Wednesday. This indicator has been bouncing off its record lows over the past few months, so a notable print may be in order. On the following day, the Machine Tool Orders figure will define expectations for foreign demand and shipments. Finally, Friday brings the Economy Watchers Current survey. This indicator measures the current mood of businesses that directly service consumers and isn't considered to be a big price mover, yet it holds considerable potential nonetheless.
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| Technical News |
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| EUR/USD يورو/دولار امريكي |
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The 4 Hour Slow Stochastic was crossed at 13 supported by the RSI which having a positive slope.Next target price is located at 1.4900 and going long seems to be preferable.
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| GBP/USD الجنيه الاسترلني/الدولار الامريكي |
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The 4 Hour Slow Stochastic was crossed at 8 implying on an upcoming bullish trend as first target place is located at 1.9801.Forex traders should wait to Momentum and RSI to have a positive slope before initiate an action and going long
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| USD/JPY الدولار الامريكي/اليين اليابني |
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A slightly bearish narrow channel is forming on the 4 Hour chart as next target price is located at 106.16, incase of the bottom barrier being breached, 105.53 is the next target price.Today, going short seems to be preferable
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| USD/CHF الدولار الامريكي/الفرنك السويسري |
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The 4 hour chart is bearish as a bearish widening channel is establishing supported by the Slow Stochastic which is crossed at 89 and having a negative slope.Today, going short seems to be preferable.
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| The Wild Card |
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| الذهب Gold |
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The Gold has been on a sharp rise during the last week and this trend is expected to carry on in the short term. The bullish signal is still strong; however there might be short term corrections during this uptrend. Forex traders can maximize profits by buying on a dip and taking advantage of a sharp bullish trend..
Forex
شركة ForexYard , تعتذر من المستثمرين لعدم تقديم النشرة باللغة العربية لليوم , لاي استفسار الرجاء التوجه الى طاقم الدعم بالشركة
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| الجدول الاقتصادي | |
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| التاريخ | الوقت | الدولة | الحدث | الفترة | السابق | المتوقع | النتيجة |
| 2008-02-04 | 12:30:00 | AUD | Trade Balance | | -2.3B | - | ***** |
| 2008-02-04 | 12:30:00 | AUD | Building Approvals | m/m | 3.5% | - | *** |
| 2008-02-04 | 15:00:00 | USD | Factory Orders | m/m | 1.5% | 2.3 | *** |
| 2008-02-04 | 16:20:00 | USD | Fed Governor Kroszner Speaks | | | | **** |
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© 2006 by FxYard Ltd
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Disclaimer: Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This and any analysis published or received from FOREXYARD is for informational use. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in the analyses. While we try to ensure that all of the information provided is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. FOREXYARD will not be held responsible for the reliability or accuracy of the information available. The content herein is provided in good faith and believed to be accurate; however, there are no explicit or implicit warranties of accuracy or timeliness made FOREXYARD or its affiliates. The reader agrees not to hold FOREXYARD or any of its affiliates liable for decisions that are based on information from this website. FOREXYARD highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.
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01-Feb-2008