Made Easy Forex

Dollar index has been around in the vicinity of the support of 78.50 to search for direction last week, on K-line graphics point of view, the decline trend in the United States refers to as “putting to flight,” as dangerous, then the direction the city is worrisome. Last week the United States index refered  to the main consolidation at most of the time , the crash on Monday means the United States created a K-week line under a depict the overcast line , and the under shadow line is long, technical graphics at the bottom of understanding buying more, and most of the K-line did not even hatched a shorter, implying that for the purposes of the United States means more than a single rare. Overall the week, on K-line graphics, the dollar‘s differences in short-term trend is still serious.

Market plays a important role in the United States dollar refers to an important juncture in the afternoon to see empty after consolidation, there are two major reasons:
First, the U.S. Commodity Futures Trading Commission’s latest data showed the that  U.S. is losing its attractiveness. Market on July 21 ended the week implied dollar increase in net shorts of 56,670 to 133,760 copies in July 2008 is the highest level since the middle of the month. Increase in net long yen to 36,188 copies with 2621. Increase in Swiss francs of net long 13,197 copies with  2405 copies. Canadian dollar increased net long 16,506 copies with 10,613 copies. Australian dollar increased net long 38,788 copies with  13,195 copies. Increase in net long 20,873 euros to 34,772 copies were. pound 6963 net shorts were substantially reduced to 5691 copies. These figures show the dollar selling their huge enough, and its function as a currency hedge in Japanese Yen and the Swiss franc to act, with the exception of the pound currency outside of Africa and the United States also suggests that long to increase the overall recovery of the economy under the premise of market investors high return on assets increased popularity.
Secondly,On technology artwork, the trend benefits empty space U. S. dollar. The United States refers to the creation of the first week of March this year, nearly 40 weeks after the high point in the next few months by this long-term expected inflation or the impact of market capital flows other obvious signs of hedge assets. The lack of buying support and the increase in investment in short no doubt exacerbated the dollar, in turn, refers to the decline in the United States is increasing the impact of this trend.
Refers to the recent U.S. investors have high hopes: 27, Washington time, a two-day first round of strategic economic dialogue with the official in the United States kicked off the capital of China’s dollar-denominated assets held by the safety argument as one of Federal Reserve Chairman Ben Bernanke is very likely to attend this week’s Sino-US dialogue and investors that Bernanke may be the main creditors in order to ease the dollar-denominated assets and questioned the safety of their own experiences, to maximize the investment in China to dispel the concerns of the United States, and session against the U.S. dollar may be good news or the freedom of speech, while the U.S.dollar  will support buying or central bank intervent it.
On the one hand,there is some good news for dollars,the  good news is that analysts believe that last week several large U.S. companies report performance out the future direction of the dollar has some support. Performance report last week, Goldman Sachs, Intel, JP Morgan, Apple, such as the company’s performance is better than expected, the dollar was in the subsequent sell-off as well as common sense, but Microsoft and American Express disappointing performance reports so that investors will thought that the pace of global economic recovery may only be in certain sectors, the overall economic situation remains weak, financial security still need to consider, which is good news in terms of dollars.

Overall, the dollar’s rebound in the short term higher still there is hope, but the possibility of pegging the U.S. dollar selling on the market is a need for more time to research the matter, and the electronic pricing plans similar to U.S. “posted to flight “.And it is not good for the U.S. dollar.