Try Mute UK Construction Fall Sterling. Try to reduce attenuation after construction data provide hope for the continued momentum of the economic recovery of the UK. UK construction index rose to 50.9 for the month of October; higher than the previous estimate of 49.1 and 49.5 publications. GBP / USD is now trading 1.6100, try to stay away from daily lows 1.6079. The good economic indicator confirms the expectation that the UK must not be sunk back into recession. UK has emerged from recession in the third quarter after GDP data show economic growth of 1%. With continued momentum of economic recovery, the Bank of England will probably not provide additional monetary stimulus at a meeting next week.
Again, worry Giving Euro Bailout
Amid the shades of optimism, the single currency Euro actually appear depressed below the critical level of $ 1.3 down was even against the USD after it emerged that mention Greek court ruled that pension reforms required by international creditors may be unconstitutional. It is feared to threaten the provision of aid funds (bailout) the next stage which is indispensable part of Greece. And the effect is, the news is finally brought a little selling pressure on the Euro, because in applying austerity measures seem to be increasingly difficult.
Previous Euro had appreciated by almost close to a $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite. But eventually eroded and finally trapped in a narrow range in the range of $ 1.2930an.
Action Selling Try Move Position Aussie at 1:04
Session buying interest in Asia in 1410 the number was little changed, with the Aussie who tried to test the level below which happen 1:04 when the price reaches new high at 1.0418 1-month. Movement down, potentially forming pin bar in the closing movement of 4 days in New York, following a data producer price index in Australia fell to 0.6% in the third quarter to 1.2% for the estimate and the reason for some traders to push prices RBA expectations related which will cut interest rates next week.
By Sean Lee from FXWW, the dealer said that the action of the stop will be above 1.0415 which may not be too large and may be trimmed by up selling at 1.0420/25 ". If the price continues to strengthen in the next few sessions, strong resistance is at 1.0445 (61.8% Fibonacci retracement of the fall appears 1.0629/1.0149), the upward movement following the record price for a new target in 1:05. For the movement of falling, a sell would reduce the pressure to bring prices back below 1.0389, if the price reached 1.0350.
Again, worry Giving Euro Bailout
Amid the shades of optimism, the single currency Euro actually appear depressed below the critical level of $ 1.3 down was even against the USD after it emerged that mention Greek court ruled that pension reforms required by international creditors may be unconstitutional. It is feared to threaten the provision of aid funds (bailout) the next stage which is indispensable part of Greece. And the effect is, the news is finally brought a little selling pressure on the Euro, because in applying austerity measures seem to be increasingly difficult.
Previous Euro had appreciated by almost close to a $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite. But eventually eroded and finally trapped in a narrow range in the range of $ 1.2930an.
Action Selling Try Move Position Aussie at 1:04
Session buying interest in Asia in 1410 the number was little changed, with the Aussie who tried to test the level below which happen 1:04 when the price reaches new high at 1.0418 1-month. Movement down, potentially forming pin bar in the closing movement of 4 days in New York, following a data producer price index in Australia fell to 0.6% in the third quarter to 1.2% for the estimate and the reason for some traders to push prices RBA expectations related which will cut interest rates next week.
By Sean Lee from FXWW, the dealer said that the action of the stop will be above 1.0415 which may not be too large and may be trimmed by up selling at 1.0420/25 ". If the price continues to strengthen in the next few sessions, strong resistance is at 1.0445 (61.8% Fibonacci retracement of the fall appears 1.0629/1.0149), the upward movement following the record price for a new target in 1:05. For the movement of falling, a sell would reduce the pressure to bring prices back below 1.0389, if the price reached 1.0350.
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