forexkilla
Newbie
- Messages
- 1
- Likes
- 0
Market Overview
Bearish Factors
•Woes and jitters regarding Europe’s debt crisis and uprising in Egypt caused investors to seek safe haven throughout the past few days. Dollar and Gold are considered safe havens
•China raised interest rates for the second time in just over a month, intensifying its fight against inflation
•U.S. crude oil was the biggest loser after China's move. It fell 1.5 percent to $86.18 a barrel as expectations rose that the higher cost of borrowing may tame oil demand growth in China
•Comments from European Central Bank President Jean-Claude Trichet last week dampened expectations of a near-term Interest rate hike. Meaning EURUSD will continue to offer lower swaps reutrns
•Gains in the euro were muted after a weaker-than-expected German industrial output for December on Tuesday
Bullish Factors
•If EURUSD trades above 1.3680
•Recent strong manufacturing and services sector surveys around the world and a fall in the U.S. unemployment rate point to sustained momentum in the global recovery
•China remains a solid supporter for Europe, as it previously announced its intention to continue purchasing government’s bonds to help the EU surpass the debt issues it faces
•Demand from Asian central banks for EURUSD
Bearish Factors
•Woes and jitters regarding Europe’s debt crisis and uprising in Egypt caused investors to seek safe haven throughout the past few days. Dollar and Gold are considered safe havens
•China raised interest rates for the second time in just over a month, intensifying its fight against inflation
•U.S. crude oil was the biggest loser after China's move. It fell 1.5 percent to $86.18 a barrel as expectations rose that the higher cost of borrowing may tame oil demand growth in China
•Comments from European Central Bank President Jean-Claude Trichet last week dampened expectations of a near-term Interest rate hike. Meaning EURUSD will continue to offer lower swaps reutrns
•Gains in the euro were muted after a weaker-than-expected German industrial output for December on Tuesday
Bullish Factors
•If EURUSD trades above 1.3680
•Recent strong manufacturing and services sector surveys around the world and a fall in the U.S. unemployment rate point to sustained momentum in the global recovery
•China remains a solid supporter for Europe, as it previously announced its intention to continue purchasing government’s bonds to help the EU surpass the debt issues it faces
•Demand from Asian central banks for EURUSD
