empty
 
 
27.07.2012 04:46 PM
Fundamental Analysis, for July 27, 2012

 

The data on durable goods orders on Thursday slightly added encouragement to the U.S. economy as most of the statistics was disappointing.
Of course, the contrast was due to the pending home sales which fell below expectations, but this did not prevent the New York trading day to end with gains.
They not only come from the hand of the mentioned positive factor, but rather from Europe, where new signs of the euro survival were issued by Mario Draghi, Chairman of the ECB.
There were no other signs during the day, so the euphoria cooled down in the early hours of Friday. The Asian markets did not provide clear trends, and the European session on Friday is looking for definitive course.
The same happens with currencies. The euro has just passed the area of ​​1.23 again, but holding onto it and continuing an upward trend which was started in the morning of Thursday. Only the break of 1.2330, very strong resistance and the high touched yesterday may extend gains of the single currency.
As for the British pound, it has recovered more from its last week low, so it seems that it might follow an upward direction in the coming hours, although in a much more moderate pace than seen Thursday.
The rest of the coins are left without major changes, with the Australian dollar reached a new peak since 1 May, and the Canadian dollar trying to break 1.0065 support, the passing of which would open the door to parity against the dollar.
The yen is left unchanged, as well as crossed pairs. Nothing seems to bring to JPY lateralization today.
The advanced U.S. GDP (first of three measurements) for the second quarter will beat the markets. The measure is expected with growth of 1.5%, compared with 1.9% last year in the same period. This fact undoubtedly generates noise in the bags, and eventually gives definite trend this Friday.

 

 

If you need a personal consultation, contact me via e-mail: [email protected]

If you like my fundamental analysis, please vote for me, here are instructions

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback