adridado
07-05-2005, 10:00 PM
The Euro briefly dipped under 1.1880 and analyzed support at 1.1865 through Tuesday, however, the Euro was able to withstand a reduction through this amount along with the dollar usually fluctuated at a 1.1880-1.1935 range. There's very likely to be caution before the US payroll report Friday using a natural tendency to curb dollar positions.
Dollar opinion that is underlying should stay strong in the brief term with markets confident. Bond yield spreads will continue to provide buck support in the event the payroll report remains powerful along with buying interest will be attracted by the dollar.
Oil costs will be watched and a increase over US$60 p/b will be inclined to weaken the US currency as rate expectations may be ruined. The dollar are also exposed to a correction that is larger if there's a citizenship record on Friday. The factory orders report recorded. These doubts shouldn't be ignored and might be significant for the buck after.
The rate of interest policy is going to be an important attention. There were reports during Tuesday the ECB had resisted the prospect of a cut in rates of interest. It's certainly true that the Euro's depreciation has eased conditions and the ECB will worry over oil rates. A move seems improbable.
Analysis provided by http://www.investica.co.uk
Dollar opinion that is underlying should stay strong in the brief term with markets confident. Bond yield spreads will continue to provide buck support in the event the payroll report remains powerful along with buying interest will be attracted by the dollar.
Oil costs will be watched and a increase over US$60 p/b will be inclined to weaken the US currency as rate expectations may be ruined. The dollar are also exposed to a correction that is larger if there's a citizenship record on Friday. The factory orders report recorded. These doubts shouldn't be ignored and might be significant for the buck after.
The rate of interest policy is going to be an important attention. There were reports during Tuesday the ECB had resisted the prospect of a cut in rates of interest. It's certainly true that the Euro's depreciation has eased conditions and the ECB will worry over oil rates. A move seems improbable.
Analysis provided by http://www.investica.co.uk