Monday, May 31, 2010

EURUSD Forex day trading live room.

The EURUSD was at 1.2270 while EURJPY traded at 112.63, poised for a sixth monthly loss amid concerns Europe's efforts to reduce fiscal deficits and stem a sovereign-debt crisis will undermine the region's recovery. The EURJPY fell for a second day ahead of a report today forecast to show European confidence in the economic outlook was unchanged in May, snapping two months of advances. An index of executive and consumer sentiment is expected to be at 100.6. EUR has slumped 7.9% this year amid concern swelling budget deficits will lead to government defaults and an eventual breakup of the EU. Fitch on Friday stripped Spain of its AAA credit grade, saying the nation's debt burden is likely to weigh on economic growth. The EURUSD's 14-day stochastic oscillator stayed for a sixth day below the 20 level that signals that an asset has fallen too quickly and is poised to rise. USDJPY climbed to 91.38 while EURJPY rose to 112.63 as the JPY weakened against its major counterparts amid speculation political turmoil will dent the currency's safe-haven appeal after Japan's Social Democratic Party left a three-way coalition government. The JPY also fell after a poll showed that more than half of the nation's voters want Prime Minister Hatoyama to resign. Japan's industrial production increased 1.3% (prev. 1.2%, exp. 2.5%) less than economists forecast in April, the latest sign that the economic recovery may be losing momentum. RBA will probably leave the overnight cash rate target at 4.5% tomorrow unchanged after the most aggressive round of increases restrained retail sales and slashed mortgage lending by a quarter. Loans provided by banks and other finance companies gained 0.2%, the smallest gain since November, lending to home buyers rose 0.5% (prev. 0.7%), dwelling price growth slumped to 0.3%. That follows reports this month showing home-loan approvals dropped 25% to the lowest level in nine years. Investors boosted bets this month that Governor Glenn [...]

Forex trading - live day trading course and currency trade room.

No comments:

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box