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Forex Trading – news and analysis on the UK

At the last meeting of the Bank of England, the pound has some degree of relief that the bank has decided not to proceed with rumored measures to reduce the deposit rate for banks that had their central bank reserves.

Today, however, the bank confirmed its intention to take that step and had a great success GBP against the general market swoon to the bottom below 1.6500 against the dollar and sending EUR / GBP to a new since June

The purpose of this is to restore lending by banks, which are capital panel to attempt to repair their balance sheets and all kinds of goods they still ugly. The pound last reached very low flow with little or nothing new and one wonders if anyone was in the know in advance – very suspect.

In all cases, the book has been very consistent Enel Forex market to respond to every movement of the Bank England in this part of the cycle.

Let's see if EUR / GBP to pay the 200-day moving average of 0.8885 in, just above today's high to date .. This sell-off in GBP / USD is quite detrimental to the establishment of the trend – see more on the table today. Meanwhile, the RICS house price balance number was much better than expected and suggests that real estate agents see above instead of the downward trends in prices on the housing market.

The statement RBA at its last meeting in early months have been far less aggressive than expected, suggesting an increase in October was trying to market prices has been a bit premature. The minutes released at night to confirm that the trigger finger of the RBA is less itching for the moment, as he tried to avoid "hardening premature.

It is somewhat surprising AUD not bite a bit later in this history and the second, unless the data inspiration to the Australian economy. It seems Australian operators are following the risk appetite of movement actions (new highs yesterday stripes) and gold, which recently led to the 1,000 mark oz dollars.

Yellen of the Fed came out with a rather austere speech on the economy and warned that the risk of deflation was greater than the risk of inflation. It is recommended that the administration do more to support the growth of jobs. Meanwhile, Obama is only in a delicate situation by saying that losses employment are "hollow of the wave." Meanwhile, the Treasury gave its approval for the management of Citibank for a significant gain (if we can get prices current market.) Now, if this is not a sign that the rally in stocks has gone too far, we would like to know this?

The German ZEW has been deaf with the current index of the match is still pretty awful conditions, even if the expectations of the survey captured a high marginal new cycle. This research is symptomatic of the nature of hope is there to suggest a strong and are very optimistic and is the prices here. The expectations component of more 70 three times in the last ten years, so we are almost all the way to the top, "after a very low to -60 in October 2008. It's great if the reality proves to be as rosy, but frightening to contemplate the disappointment when the future is more banal.

U.S. Data was much stronger than expected in titles and saw the paradoxical re3action USD weaker position after the data (USD move inversely correlated with risk appetite, ….), blah blah, but not convincing. It gets a bit ridiculous – If the U.S. is truly in recovery mode, then the time should be a positive force for the dollar.

As for the internal sales data for retail, it seems that much of the strength out of Automotive and gas should be back to school (Strength in clothing, general merchandise, books and sporting goods stores). The U.S. PPI rose more than expected and bonds are to boost sales massively USD / JPY to new highs during the day. The yen is very sensitive to any further debt settlement. 91.75/92.00 resembles a key area of strength for this pair.

More Forex Trading Analysis: Moody's again hang yesterday by the British Treasury. Almost six months after rating agency downgraded the sovereign debt of nations, returned yesterday with a warning that the country will be in negative territory for the next year and a year and a half. With all the buzz of the true state of the economy of the United Kingdom, publicly considered the stabilization of the entire private sector considers Young as auditors, independent in Moody's appears to have undermined political efforts to paint a clearer picture.

The result of this effort has a decline in all areas of the pound sterling, which was not acting as bad as it could be after the corruption scandal early parliamentary summer. In fact, some British lawmakers have been seen on television or newspapers, for that matter, keeping a low profile to avoid all the research that could bring the House of Commons calls or review. To this end, including the Treasury, Alistair Darling and Prime Minister Gordon Brown, has been less visible from the scandal – Speak only when it is not really necessary to say much and when they do.

There should be no surprise that Moody's has UK economy found in poor condition and provides an immediate dark. With record unemployment, manufacturing and exports to 50 depressions year the cost of commodities increases dramatically and the increase of poverty to the middle class, it is obvious that problems. But my opinion on the fate of the sterling in relation to the current economic situation is in bold, by all accounts, in contradiction with the Moody's report. Here's Why:

I think the pound is one of the fairly valued currencies in the Forex Trading in the market is right now because of gold. The UK has spent hundreds of years of looting and plunder of the world nations all natural resources, we could find, especially gold. After the last 60 years have seen the British to restore the land they occupied, the offers do not include treasures. The UK is by far one of the largest collections of gold reserves, near the Vatican, of course, and the price of this precious metal has been rising ahead of $ 1,000 an ounce last week.

Even if the economy moves into depression two years, the value of the pound is stable, based on their reserves. I'm not a fan of economic policy British and I believe that the ease with which they went on the spending of public funds in the bailout plan has contributed to their situation, but I have to respect the Almighty law – that long, and for a long time, worth every penny (or should I say what's up?).

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