Each new trading day in the market within the last 2 weeks begins with hopes of investors that the budgetary problems in the USA will be resolved and congressmen will be able to agree upon insoluble questions. Congressmen during their preconference’s time manipulate on information that prospect of settlement of current situation is very positive and the necessary agreement will be reached in the nearest time.
And again we are starting new trading day with the information, that congress again is having problems. The same goes for yesterday, then it has been informed that the House of Representatives in the congress of the USA postponed vote regarding the last plan of republicans. Additionally to this, the international rating agency Fitch Ratings informed that it has placed a long-term rating of a default of the issuer of the USA in foreign and national currency "AAA" (the forecast "negative") on a revision.
As a result, American market reacted with a decrease after few positive trading sessions, Asian stock markets are also falling this morning. Dow Jones finished trading session with a decrease of 0,87%% traded on 15168,01 points, Nasdaq bargained next to the level of 3794,01 points having lost 0,56%%, S&P 500 decreased for 0,71%% reaching level of 1698,06 points.
There is also a positive moment in all this budgetary confusion - yesterday's news only convince us that chances of QE3 turning in the current year is practically impossible. According to Moody's rating agency, temporary dissolution of the government already reduced gross domestic product of the USA by 20 billion dollars. Business activity in the region of New York also falls in connection with low business trust: the Empire State index rolled down to 1,52 from 6,29, having noted a minimum level for the last five months.
Against all these events and, of course, inaction of the American government the dollar again couldn't strengthen the positions and by the evening lost everything that could win back during the day. EUR/USD currency pair has a big chance to return to the area of 1,36.
-----
Receive up to 80% bonus on any deposited amount
https://secure.mayzus.com/partner/80percentbonus
The Cashmaker Forex strategy combines the intraday trading to open/close positions with the money management to increase your profits. Subscribe it here http://www.mql5.com/en/signals/1710
No comments:
Post a Comment