Tuesday, September 18, 2012

The U.S. economy is Launched Total Weapons

US economic

On Thursday (09/13/2012) and then Chairman of the Federal Reserve Ben Bernanke has finally officially announced to relaunch quantitative easing program the 3rd. The United States who have experienced a crisis a few years still have not seen any significant development of various economic sectors in line this past year. These conditions forced the Fed to return to disburse funds this time by $ 40 billion a month indefinitely until the state unemployment rate and the economy improves. On the Interest rate will also be maintained at 0% -0.25% until the year 2014-2015.

This news has been eagerly waiting for investors and traders since mid-year, and as expected in September 2012 the FED do this new action. As a result, Gold as a commodity most sensitive to this news aggressive movement rose up, followed by the currency simultaneously.

XAUUSD (Gold Spot)


Spot gold price was corrected to 1522.00 points in a couple of months ago but the euphoria QE3 make gold rise through 1700.00. In the last week gold had reached its lowest point at 1719.50 and after launch QE3 gold then drove to the highest tititk 1777.65.

Continuing our previous position against XAUUSD then this week we were bullish on XAUUSD. QE3 euphoria can be raised to the level of gold 1800.00 or 1900.00 towards the highest point last year. But the correction will remain vigilant after a high rise. Correction can create moments to find a good position corresponding trend.

EURUSD


Decision of the FED is accompanied by German constitutional court decision that ruled in favor of a permanent bailout facility for the euro zone, carrying prisoners through the EURUSD at 1.3000 even reach 1.3167 at the close of last week.

Our position is bullish for the week ahead. EURUSD is likely to continue rising after several positive event. Next resistance falls in the range of 1.3200 - 1.3275.

AUDUSD

Aussie dollar reached its lowest level 1.0322 and flew more than 300 points through the 1.0600 reached its highest level at 1.0623. But profit-taking on the strong 1.0600 resistance area brought AUDUSD closed down at 1.0552 level on Friday closing weeks.

Our position is bullish on AUDUSD. Strong resistance is now at 1.0600, and if the level is penetrated the potential to AUDUSD 1.0650 to 1.0750 for the week ahead. We'll see how his journey.

GBPUSD

GBPUSD also not miss driving went up from 1.6143 weekly low point to the highest level at 1.6255. Good as the data concerns the UK economy will erode the economic downturn and further quantitative easing by the BOE (Bank of England).

Our position is bullish on GBPUSD. After level can penetrate the GBPUSD 1.6000 for the time being will be above 1.6000 level except in the event of an unexpected significant event.

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