Forex Analysis
Given the current economic crisis, remains in a downtrend in the dollar against the yen and was maintained at 87 for the yen, after forecasts of JPMorgan Chase & Co., a technical observation. CAD has the potential 88,55-88,25 yen fall as low as ¥ 86.95, “said Niall O’Connor, a technical analyst at the second U.S. Bank. Nach Fibonacci Retracement noted JP Morgan USD The weakening of the lowest ¥ 88.25 from the lowest value of 84.83 du levels on 27 December and the highest level at 93.77 on the 8th January this year. “Our goal remains the range of 88 25-88. 55 as an area of “rest” for the U.S. dollar, “said JP Morgan analyst in New York.Wenn this article was published, the rate of ¥ 89.05 USD. Möglich.Obwohl level is reluctant kelevel 88.54 U.S. $ 0.9035 correction factor, which may be from 0.8576 to 0. 8924th If AUDUSD to 0. 9035, then rose to 0.9092 level ausi opportunity. Today in the Asian session dominated by two sets of data from Australia. Wave as building permits and retail sales data has been the loss of -7.0% (versus 0.7%) and obtained from the retail sales 1, 2%, compared with 0.8% projected rate increase Ausi beeindruckt.Nach know is at 4% level of AUD saturated market and buying them until the fall kelevel and 0.8955 in the release rate stabilized at 90.04 the clock of 16 cents 44. Uhr.Anderswo could in Europe, EUR / USD as low as $ 1.3434 pounds sterling and the film / USD 1.4900 flew. The second movement of the currency of the country problems Debt and European policies in the UK raised bog. (Bloomberg)
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