Friday, January 19, 2007

Dollar Soft Despite Upbeat Data

The dollar was smooth although the data were absolutely upbeat today. The market can more hour and demonstrates to calculate outside towards the direction for the dollar. E.E.U.U. CPI rose the 0,5% last months, and base CPI increased 0,2% according to the awaited thing. The new homemade sales rose in an annual index of 1,642 million December, on the estimation of 1,59 million. The building permissions increased from 1,506 million to 1,596 million, the greatest growth of four years. The weekly unemployed demands fell to 290k, improve that the prognosis of 310k. Also, the index of the Fed de Philadelphia rose unexpected to 8,3 of January, investing 4,3 negatives that read in previous month. President Ben Bernanke of the Fed testified today before the budgetary committee of the Senate today. It did not discuss to the economic perspective or the monetary policy. President Pianalto I have of Cleveland of the Fed this continues being there a risk that the underlying tendency of the inflation will not improve, and the central bank will need to take actions accommodative in this case. GBPUSD finds resistance of the temporary one in 1.9750, moved backwards for 1,9770, and 1.98. The subsequent ceilings will emerge in 1.9830, followed by 1,9850 and 1.9880. By the disadvantage, the aid begins in 1.9720, followed before 1,97 and 1.9670. The additional floors eyed in 1.9650, moved backwards by 1,9620 and 1.96. EURUSD will face resistance of the temporary one in 1.2970, followed before 1,30 and 1.3030. The additional ceilings will emerge in 1.3050, moved backwards by 1.3070. The aid begins 1,2930, moved backwards before 1,29, 1,2870 and 1.2850. The subsequent floors eyed in 1.28.

Yen Slumped on Unchanged Rate

The Yens fell widely after the bank of Japan at night announced yesterday that decided to carry out their types of interest without changes in 0.25%, lowest between countries industrialized. The expectations for an increase of the tariff in this meeting had descolorado far early this week already, since several officials and Japanese means of the government indicated the government recently worried raising tariffs could prevent too much early the economic development. There was only one certain speculation that the bank could make an independent decision. The Yens were debilitated more far after it left the decision the tariff really as dissapointing as hoped. The dollar broke the level of dominant resistance in 121 against the Yens, whereas sterling the ascending ones to a high year of 7 ½ in 240 against the Yens. The economic report of BOXWOOD demonstrated that the growth and the inflation have been slower than the prognoses done in October. President Fukui of BOXWOOD said after the policy meeting that the recent economic data are mixed, and of adjustments at the levels of the type of interest he will be gradual. The Yen is probable to continue being weak because the type of interest is not going to improve perceivably in the near term. USDJPY finds resistance of the temporary one in 121.50, moved backwards by 121,80 and 122. The subsequent ceilings will emerge in 122.30, followed by 122.50. By the disadvantage, the aid begins in 121 and 120.70, followed by 120.50. The additional floors eyed in 120.30, moved close and 120 backwards.