In the United Kingdom, on the other hand, will be issued on PPI PPI Input and Output at 8:30 GMT. These indicators determine the level of variation of both the euro and the pound throughout the day. JPY – The yen gave against most currencies On Thursday, the yen ended up losing ground against most currencies. However, the main causes of this phenomenon was due to factors outside practically. The yen suffered strong external events. Yen investors are closely monitoring the possibility of a global economic recovery.
The yen fell 80 pips against the dollar and closed at 99.20, with losses for a second day against the dollar. Against the euro, the yen gave up 170 pips reaching 132.47 while the ECB cut interest rates to 1% taking them. However, the GBP / JPY dropped slightly as the British economy continues to show signs of deterioration. For now estimated volatility in the yen, since Japan will be absent from the day’s calendar. Oil – Oil at $ 60 looks crude Yesterday saw highs in the $ 58.55 to close at $ 57.10.
Crude oil rose 1% or 51 cents to close at the $ 57.10 area. Oil rose by existing inflation fears, especially because it is estimated that the worst of the global crisis has already happened. Moreover, the Crude Oil Inventories which was below expectations and the Construction Spending scored any points this week for today. But crude fell earlier in the day, as it eagerly await the U.S. unemployment figures. If still positive publications, especially developed nations, it is estimated that oil could reach $ 65 a barrel to end of the week. Technical News EUR / USD uptrend is losing momentum, while torque is refunded at 1.3410. In the daily chart the pair is at the top of RSI, so that a downward correction was imminent. When the break occurs bassist, would go short the right decision to follow. GBP / USD The hourly chart shows mixed signals and the RSI is in neutral territory. However, the daily chart shows the RSI in excess purchases, so that a downward correction was imminent. When the break occurs bassist, would go short the right decision to follow. USD / JPY The pair has traded within a range established no definite direction. The daily chart shows the slow stochastic mixed signals. The 4 hour chart also provides no clear signals. Wait for clearer signs would be successful. USD / CHF continues to trade at a time within established ranges. The 4 hour chart shows the slow stochastic on neutral territory. However, the RSI, suggests a possible upward correction. When the break occurs bullish, go long the decision would correct to follow. The letter of the day crude oil last week was on the rise and reached highs in the $ 57.50. However, in the daily chart the RSI is in excess of purchases, so that a downward correction would be imminent. When the break occurs bassist, would go short the right decision to follow.