The U.S.
dollar was the biggest gainer in the past week. Standard currency
advanced against all its major counterparts during that period, while
the expanded Dollar Index Dow Jones - Ave. XML. CNN. Or circle upward
acceleration for the third week in a row.
USD_weekly_July_08_body_Pictur.png, the dollar is accelerating up and down to a three-year peak amid growing concerns surrounding
The fundamental outlook for the U.S. dollar: POSITIVE
U.S. jobs report available outside the agricultural sector exceeding expectations and fears surrounding still exist
Manufacturing and service sector were taking divergent paths
U.S. dollar than new resistance levels to trade at a three-year peaks
The U.S. dollar was the biggest gainer in the past week. Standard currency advanced against all its major counterparts during that period, while the expanded Dollar Index Dow Jones - Ave. XML. CNN. Or circle upward acceleration for the third week in a row and reached a three-year peaks. In the meantime, the greatest danger that threatens to become hurt markets for the benefit of green which is considered a safe haven. It does not indicate that the corrective moves opposite direction are excluded.
First and most importantly, what enhances the upward acceleration of the dollar is largely the growing acceptance of the idea of ??the direction of the Fed towards a reduction in the monthly volume purchases of assets ($ 85 billion) by September. Enjoy the possibility of crystallization of a similar scenario effects on markets with large proceed. During the past four years, advanced on the capital markets despite the disparity of growth and historically low rates of return. While the move was caused directly by re-investments after the Great Depression and the financial crisis that hit the year in 2007-2008, turned into a fueled an essential step in investing: greed.
When he referred Fed Chairman Ben Bernanke at the press conference held in the wake of the June interest rate decision that the reduction may begin later this year and by mid-year 2014, it was a clear shift in the position of the bank in the future. Since then, have not noticed anything that would impede the time frame for the reduction process. Sought speeches delivered by Federal Reserve officials to alleviate reactions to the expected results, but it did not oppose the estimates. In the previous week, led statements of work for the month of June to the same result. More importantly, change jobs, the Fed made the unemployment rate. Not decreased rate of 7.6% as was likely, but still slightly higher than the bottom of the four years.
Perhaps the jobs report provides the perfect embodiment of the situation in which we are. Are the expectations of the start of the Fed cut the Department of quantitative easing within three months is prevailing in the market, and the effects of that reflected in the Forex and Treasury bonds and higher-yielding assets and stock up. However, it is extremely difficult to break dependence.
In descending order of impact, faced Treasury bonds and bonds backed by mortgages strike first and strongest. Then come U.S. Treasury bonds (government bonds). U.S. bond yields gained due in ten years about 70% (1.12 percentage points) in less than two months, it looks the biggest buyer in the market to reduce the frequency of purchase. Then comes the dollar, which reached the peak of three years following the acceleration up by nearly 5%.
Equity is the only stainless - prefer to use index S & P500. Central presence close to historical peaks and reached record levels in the presence of participating at their lowest levels in decades; There is a clear risk out of locations in if stumbled confidence. When this domino falls? Hard to see it; but whenever risk aversion, the more wick flared.
As usual, at the level of search for Majajat of fears, carries with it the next week a lot of risky events that should be taken into consideration. On the American scene, will deliver Bernanke and a number of other politicians letters to them; season will start the second quarter earnings reports; Auction of Treasury bonds to maturity term; and the number of data. However, you will enjoy the euro zone crisis and the crisis of Chinese growth or other effects of the largest developments.
USD_weekly_July_08_body_Pictur.png, the dollar is accelerating up and down to a three-year peak amid growing concerns surrounding
The fundamental outlook for the U.S. dollar: POSITIVE
U.S. jobs report available outside the agricultural sector exceeding expectations and fears surrounding still exist
Manufacturing and service sector were taking divergent paths
U.S. dollar than new resistance levels to trade at a three-year peaks
The U.S. dollar was the biggest gainer in the past week. Standard currency advanced against all its major counterparts during that period, while the expanded Dollar Index Dow Jones - Ave. XML. CNN. Or circle upward acceleration for the third week in a row and reached a three-year peaks. In the meantime, the greatest danger that threatens to become hurt markets for the benefit of green which is considered a safe haven. It does not indicate that the corrective moves opposite direction are excluded.
First and most importantly, what enhances the upward acceleration of the dollar is largely the growing acceptance of the idea of ??the direction of the Fed towards a reduction in the monthly volume purchases of assets ($ 85 billion) by September. Enjoy the possibility of crystallization of a similar scenario effects on markets with large proceed. During the past four years, advanced on the capital markets despite the disparity of growth and historically low rates of return. While the move was caused directly by re-investments after the Great Depression and the financial crisis that hit the year in 2007-2008, turned into a fueled an essential step in investing: greed.
When he referred Fed Chairman Ben Bernanke at the press conference held in the wake of the June interest rate decision that the reduction may begin later this year and by mid-year 2014, it was a clear shift in the position of the bank in the future. Since then, have not noticed anything that would impede the time frame for the reduction process. Sought speeches delivered by Federal Reserve officials to alleviate reactions to the expected results, but it did not oppose the estimates. In the previous week, led statements of work for the month of June to the same result. More importantly, change jobs, the Fed made the unemployment rate. Not decreased rate of 7.6% as was likely, but still slightly higher than the bottom of the four years.
Perhaps the jobs report provides the perfect embodiment of the situation in which we are. Are the expectations of the start of the Fed cut the Department of quantitative easing within three months is prevailing in the market, and the effects of that reflected in the Forex and Treasury bonds and higher-yielding assets and stock up. However, it is extremely difficult to break dependence.
In descending order of impact, faced Treasury bonds and bonds backed by mortgages strike first and strongest. Then come U.S. Treasury bonds (government bonds). U.S. bond yields gained due in ten years about 70% (1.12 percentage points) in less than two months, it looks the biggest buyer in the market to reduce the frequency of purchase. Then comes the dollar, which reached the peak of three years following the acceleration up by nearly 5%.
Equity is the only stainless - prefer to use index S & P500. Central presence close to historical peaks and reached record levels in the presence of participating at their lowest levels in decades; There is a clear risk out of locations in if stumbled confidence. When this domino falls? Hard to see it; but whenever risk aversion, the more wick flared.
As usual, at the level of search for Majajat of fears, carries with it the next week a lot of risky events that should be taken into consideration. On the American scene, will deliver Bernanke and a number of other politicians letters to them; season will start the second quarter earnings reports; Auction of Treasury bonds to maturity term; and the number of data. However, you will enjoy the euro zone crisis and the crisis of Chinese growth or other effects of the largest developments.
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