Yesterday, the dollar fell against main currencies. Dow Jones improved in 150 points, 2,5%. The stock market improved in the United States, impelled partly by the package of measures presented in China. Also the Crude Oil Inventory helped, which showed a fall of 700.000 barrels, in comparison with the rise of 1 million that was expected. In addition, the United States informed an increase in the demand of crude, which generally made increase the confidence of the investors.
The American Treasure informed details on the real estate plan into President Obama. On the other hand, apparently, several investors followed the advice of Obama, and bought devaluated actions. It is for that reason that the demand by the dollar fell to a certain extent, and transfer to assets of greater risk.
The dollar fell about 120 points against the Euro, whereas the cut of the interest rates of the BCE is waited. Also, the pound, managed to take terrain against the dollar. The English currency gained about 140 pips, reaching a level of 1,4155 against the dollar. Phenomenon that must partly by the possible cut of rates that will implement the Central bank of England. Against the yen, the dollar gained 70 pips, reaching the 99,16, whereas the Japanese market also began to appear.
For today, several publications, publications are waited that would have to be followed close by. Also the investors would have to follow the declarations of the BCI and the BCE with respect to the interest rates, that will announce to noon, phenomenon that without a doubt will guide the market today.
EURO – Euro begins to appear, you lie waits the decision as far as the interest rates
Yesterday, the Euro, developed a bullish commerce. Partly it had to the effect generated in Wall s$street, since stock-market recovered. This phenomenon took to rises in Europe. As much in Europe as in the United States the optimism propagated, and the main factors that contributed were, that is to say, the U.S. Crude Oil inventories, the plan announced in China, the plan proposed by Obama with respect to the hypothecating sector, and the attitude of the investors of purchase of devaluated actions. He is for that reason that the demand by dollars fell, and the investors bought currencies of greater risk, as the Euro and the pound.
The Euro, took terrain against main currencies. The Euro gained 130 pips, and closed in 1.2615 against the dollar. Also, pips against the yen gained 220, reaching the 125.12. On the other hand, pair EUR/GBP finished practically without variation since the decisions as far as the interest rates were waited for today, this pair closed in 0.8910. Perhaps today as much the Euro as the pound continues developing bullish tendencies.
For today Zone and England are expected the importance news from the Euro. That is to say the decisions as far as the interest rates are waited, as much of the BCE, as of the BCI, to 12:00 GMT, and 12:45 GMT respectively. Esteem that the English rates are reduced in 50 points, reaching the 0,50%, whereas the European rates are considered that they will stand out in 50 points and would reach the 1,50%. If some of these banking institutions were not decided by a cut, then, their respective currencies will begin to appear, at least during 3-4 horras, after the respective announcements.
JPY – The yen falls
Yesterday, stock market Japanese registered gains significant, influenced mainly by commentaries of prime minister Chinese, Wen Jiabao, who announced measures that she affirmed that they will take to a growth of 8%, in comparison to considered 6%. This by means of the duplication of the 4 trillones of Yuanes ($600 trillions) in financial stimuli. Like result, the bags began to appear yesterday. Also, the fall of the yen represents a lightening for the Japanese government, since the yen had been appraised from the beginning of the world-wide crisis, damaging the exports.
The yen fell 70 pips against the dollar and closed in 99.16. Whereas against the Euro it lost 220 points and it closed in 125.12. Against the pound pips lost 240 and closed in 140.39. Esteem that stops today, the yen, will follow in loss, since esteem that the Spending Capital will fall -17,3%.
OIL – petroleum goes up to around the $45
The crude one gained 9% and closed yesterday in $44.90 by barrel. This phenomenon had partly since the U.S. Crude Oil Inventory showed a fall of 700.000 barrels, while an increase of 1 million was waited. Also, the American report helped where it pronounced I demand that it by the crude one increased lately. And it is for that reason that several analysts consider that now the United States will begin to recover.
On the other hand, the announcements of China repelled positively in the market. And as result the present commodity began to appear. Only time will tell if the crude one surpasses the $46 today.
