adridado
09-05-2005, 10:00 PM
The dollar found support at 1.2585 from the Euro and rallied back to highs only beyond 1.2515 before settling near 1.2540. Trading was edgy and the US Labour day vaion cut in the afternoon volumes. The dollar continued to obtain some aid from Asian trading on Tuesday along with also the dollar pushed towards immunity at 1.2485 from the Euro with another movement to 1.2445.
There continue to be doubts and concerns over US tendencies following hurricane Katrina. The developments have provided some relief while the energy setups have been restored into generation as oil prices have dropped back from levels around US$ 70 p/b. There'll be interest in customer confidence in the brief term after the jump in gas prices after the storm. Stress to get a the Fed could increase to freeze rate rises. Business and the consumer confidence information now retail sales reports will receive more focus within the week than normal.
Fed remarks will stay under scrutiny from the brief term as the bank won't wish to disrupt markets. The Fed will need to wait for evidence on the market, but won't wish to surprise markets. When the Fed decided to keep the path or is looking postponing rate rises some coverage hints will likely appear within the upcoming few days. The dollar will probably probably be in a position if the Fed indies that prices will be raised in September to recover earth. There is very likely to be less chance of speculation above a rate cut that will decrease the potential for dollar selling. The odds prefer the policy that is trimming being maintained by the Fed, but there's a likelihood that prices will be left undetected.
Analysis provided by http://www.investica.co.uk
There continue to be doubts and concerns over US tendencies following hurricane Katrina. The developments have provided some relief while the energy setups have been restored into generation as oil prices have dropped back from levels around US$ 70 p/b. There'll be interest in customer confidence in the brief term after the jump in gas prices after the storm. Stress to get a the Fed could increase to freeze rate rises. Business and the consumer confidence information now retail sales reports will receive more focus within the week than normal.
Fed remarks will stay under scrutiny from the brief term as the bank won't wish to disrupt markets. The Fed will need to wait for evidence on the market, but won't wish to surprise markets. When the Fed decided to keep the path or is looking postponing rate rises some coverage hints will likely appear within the upcoming few days. The dollar will probably probably be in a position if the Fed indies that prices will be raised in September to recover earth. There is very likely to be less chance of speculation above a rate cut that will decrease the potential for dollar selling. The odds prefer the policy that is trimming being maintained by the Fed, but there's a likelihood that prices will be left undetected.
Analysis provided by http://www.investica.co.uk