Thursday, August 4, 2011

Dollar strengthening

The U.S. dollar gained momentum during the day against the major currencies to ascend the throne of currencies, in the light of the state of anxiety felt by investors on various topics, primarily related to statements that the European Central Bank is the presence of inflationary risks in the European region, which may impede the functioning of the economy toward recovery.

Moreover the investors in the United States are concerns about the situation in the country, especially after the data coming in from key sectors in the U.S. economy, this with the knowledge that Moody's credit rating has modified the outlook for the U.S. economy to a negative view, giving rise to feelings of pessimism in markets so far.
With reference to the dollar index - which measures the performance of the dollar against six major currencies including the euro and the Japanese yen and the pound sterling - has risen on the chart for one day, currently trading at levels of 75.02, with the highest level during the day at 75.12 since the opening levels, which amounted to 74.41 and achieving a minimum level of him during the day at 74.36.
While the prices of gold are trading at levels 1679.19 U.S. $ per troy ounce, having made higher price has historically been the day at 1682.15 dollars per ounce compared with the levels of the opening, which amounted to 1659.71 dollars an ounce, while U.S. crude oil prices fell to trading currently at levels of 90.17 U.S. dollars a barrel, compared to with the opening levels, which amounted to U.S. $ 92.30 a barrel.
Pointing out that the husband of the euro against the U.S. dollar fell on the chart for one day of trading at levels of 1.4155 dollars, which exceeded the husband barrier support at 1.4165 dollars to become the levels of resistance to targeted levels of new support at 1.4125 dollars, and the pair achieved a higher level to him during the day at 1.4368 dollars and achieving a minimum level during the day at 1.4111 dollars.
As for the pair of sterling against the U.S. dollar has fallen on the chart for one day of trading at levels of 1.6313 dollars, stuck between the levels of support as 1.6250 dollars, levels of resistance at 1.6365 dollars, and the pair achieved the highest levels during the day at 1.6439 dollars, has recorded its lowest level in the day at 1.6286 dollars.
Finally, the higher the pair the U.S. dollar against the Japanese yen to trade at levels of 79.02 yen, confined between the levels of support at 78.60 yen, and the levels of resistance at 80.50 yen, with the knowledge that the husband was able to achieve the highest levels during the day at 80.23 yen, its lowest level during the day at 77.00 yen.

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