Republicans Ready Escaped estimated Fiscal Bill, USD Weakens

Republicans Ready Escaped estimated Fiscal Bill, USD Weakens.

FOREX ANALYSIS TODAY

• USDCHF: Bearish indicator Trio, Guard Support range at 0.9040 - 0.8933
• USDCHF: Bearish Signal Fade Start, But Beware Fixed Support at 0.9105 - 0.8932
• GBP / USD: 1.6132 Support Notice, Beware When Continues to 1.6096 - 1.6064
• EUR / USD: 1.3237 Resistance Test, Monitor 1.3255 - 1.3282
• Aussie In Consolidation Phase

Republican officials estimate the proposal final fiscal cliff, USD move down in general due to a sell-off, despite the current market started to take into account the price movements in the financial markets due to the potential decision. Voting for fiscal cliff solutions expected to take place today at 11:15 night time. The euro has rallied as much as 80 pips to 1.3282 area - session high -, Sterling has risen to a new high of 16 months with 3 layers to penetrate the 1.63 area, to reach 1.6330, the yen has been raised just a few pips to 87.00 area, AUD also rose more than 80 pips from low to survive at its current level in the 1.0465 figure.

1.3270 Euro Top All Together Moving Strong Fiscal Developments Cliff

When the U.S. House of Representatives pending fiscal cliff, which is expected to take place in a matter of less than 1 hour, the euro moved up with the dollar index, last recorded at 1.3287, which scored a new session high, which might be related to expectations of voting will end positively. The euro was up 0.68% since the beginning of the opening couple of hours ago. With the Tokyo Stock Exchange and China (spot) which is closed related to the holiday, market conditions are still quiet, and the movement of Euro so far is still quite strong, including crude oil prices, when the price goes up $ 92, and gold is still moving flat so far.

According to C-Span, the time to formally deal will still arrive less than 10 minutes to present. Resistance movement up close to the high Euro is 1.3284 December 27 in number, followed by the high number 1.3295 at December 20, December 19 and the high in the number 1.3308. For the movement of the decline, the nearest support is in the high 26/28 December in the number 1.3225, followed by 1.3235 high on Monday December 27 and the low at 1.3201 figure.

Investors Left, Dollar & Yen Weakens

After the good news of fiscal resolution the United States (U.S.), foreign exchange gains on euro notes Wednesday (02/01), while the dollar and yen exchange rate fell sharply. Once perched at 79,792 on Monday (31/12), the ICE dollar index fell to 79,460 today. Index tumbled to 79.28 even after the U.S. legislative officials approved several clauses that can prevent Americans from the fiscal cliff. Current fiscal protracted negotiations last month, the dollar underwent its role as a safe-haven currency. But now the situation is different, interest in buying back risky assets spread so the yen benefited from a sharp instrument. In this Wednesday, EUR / USD traded at 1.3267 or more powerful than the record Monday, 1.3197. Meanwhile, Yen exchange rate, which is also expected as a safe-haven currency, fell deeper than the dollar. USD / JPY rose from 86.76 to 87.17, or perched on a level not seen since July 2010, according to data from FactSet. The chart Reuters today shows the exchange rate EUR / JPY at o.8130.

Opened In 2013, Yen Still Confronted USD

Japanese Yen is currently weak in the movement for 28 months against the U.S. dollar for the first day of trading in 2013, driven by safe-haven demand related survival nogosiasi U.S. budget concerns, expectations of policy measures related to Japan, and comments from Japan's finance minister, Taro Aso at 28 December, where it is weighed and support performance movement Yen USD. Currency pair is still moving above EMA-200 its Sunday (85.77) for the first time since October 2007, and in the position of EMA-50 In order to attract a sell. However, it seems still mild sell off tone for now. 23.6% Fibonacci retracement resistance was recorded to provide close at 87.05. Next resistance is at 87.85 (October 7, 2009), then to 90.90 (October 24, 2008). Target bearish seen at 85.50 (high 6 April 2011), then at 84.50 (December 15, 2010 high) and 84.15 (March 15 high).

The yen is now moving near the 86.70 area.

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