By David song, currency analyst di Oct 19 12: 00: 00 GMT 2010 
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31.03.2009: Advantages of risk aversion pounds: UK factory orders case to six-month low euro: pleases investors trust deterioration in October $: housing starts, building permits on tap still can earn the US dollar against its major counterparts on Tuesday with the EUR/USD to a low of 1.3864, slides fight back and the corrective retracement in the greenback go pace in North American trade as the reserve currency remains oversold. The EUR/USD again showing advance payment from the previous week with the daily relative strength index falling from a high of 78, continue to price action can in the next 24 hours of trade as the exchange rate is fighting to the 61.8% Fibonacci retracement of the high 2009 2010 low around 1.3900 keep to consolidate. Price action pare break with the short-term rally from trending upwards channel that can euro dollar in the coming days on, and the couple Fibonacci work its way back towards the 50.0% the 1.3500, as soon as it clears 1.3761 20-day moving average. However, earnings of season of glass, sparks could positive results from US companies with the 3Q inspire a shift in mood of the market and increased volatility in the principal exchange rates how trends continue risk to dictate price action in the Forex market. Meanwhile, the economic docket the confidence of investors in Germany a 21 month showed slipped low in October with the ZEW survey the weakening-7.2 of 4.3 in the previous month, while the gauge for the euro area back to mark fell to 1.8 4.4 over the same period the lowest reading since March 2009. As with policy makers, maintaining a cautious tone for the global economy tips the strong expansion in global trade off, the ECB may look to maintain in achieving a sustainable recovery to promote the expansion in the monetary policy in the entire early 2011. Governing Board Erkki Liikanen said the euro zone must increase productivity than he expected global recovery that still "not equal", and a leader prospects for the future policy preserve the Central Bank, as price growth remain subdued. The British pound fell to a deep 1.5747 during trade as the economic docket reinforced, and the lower exchange rate on to a weakened Outlook for UK continue to press the near future, as speculating investors, the Bank of England monetary policy to expand more in the coming months. GBP/USD can consolidate, go as the MPC is set to release its policy meeting minutes tomorrow at 8: 30 A.m. and the statement increased the BoE in the U.S. trade, spark, exchange rate volatility could weigh as investors the prospects for the future policy. We expect the Central Bank for a 25bp another interest rate hike again as inflation of Government below the 3% threshold for inflation to maintain Board Member Andrew sentance push to move monetary policy a three-way split in the MPCs that could fuel bearish sentiment behind the pound sterling as the BoE is ready, but in both directions. Nevertheless, a report by the Confederation of British industry showed factory orders in the United Kingdom weakened to a six-month low in October with the index fall to-28 of 17 in the previous month and as you expect the economic developments of the Central Bank maintain a leader prospects for the future policy, to take the current buffer time within the private sector on inflation that could run down. The greenback gained that Chamber which can promote a high 81.64 and the reserve currency USD/JPY to will continue on ground during the day to win its main partners oversold. Meanwhile people's Bank of China, announced that the one-year lending and deposit business pricing by 25bp to 5.56% and 2.5% or be increased, and it seems as if market participants additional steps takes a negative reaction to the shift of policy will appear as the Chinese Government to prevent the world's second largest economy from overheating. The step from the ?????? proposes the fast pace of expansion in the region has increased the risk of an asset bubble in China and fears that carry the risk around the prospects for global growth down to the mood can weigh as investors the prospects for a sustained recovery. However, to delete the housing starts in the United States by 3.0% in September to a annualize pace of 580 K is projected as the building permits 0.7% increase to 575 K and the mixed batch data could increased volatility of the exchange rate is forecast to spark given the uncertainty regarding the Economic Outlook. Will the EUR/USD retrace the decline from earlier this year?Related articles accompany us in the Forum: Forex weekly trading forecast - 10.18.10 on this report contact David song, currency upcoming Analyst:dsong@fxcm.com FX Bank of Canada interest rate decision euro zone current account n.s.a (euro) (AUG) discuss euro zone current account s.a. (euro) (AUG) euro zone construction output (MoM) (AUG) euro zone construction output (YoY) (AUG) eurozone ZEW survey (points sentiment) (OCT) lowest reading since March ' 09 German ZEW survey (current situation) (OCT) German ZEW survey (points sentiment) (OCT) 2nd straight drop after peak
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Di Oct 19 12: 00: 00 GMT 2010
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