Unemployment Claims American

The yen fell 60 pips reaching 97.54 yen per dollar. The demand for safe haven currencies suffered a blow yesterday, apparently because Japan and the United States show signs that the worst of the crisis has happened. The yen also lost ground against the euro, falling 210 pips to close at 129.90. The pound also took points, as the optimism of the U.S. stock market dragged Europe, and the demand for yen was reduced accordingly. Yesterday the Japan market reopened after the holiday. The downward trend of the yen was partly the result of industrial production, given that the indicator showed a recovery after 6 months. This phenomenon occurred several investors to invest in riskier assets.

Today, Household Spending and the unemployment rate will undoubtedly affect the trend of the yen. USD / JPY could breaking the resistance level in the area of 98.00 to the day. Oil – up 4% crude rebounded and won $ 2, up 4% during the day yesterday, reaching $ 51.44. This increase occurred despite data published crude inventories. Much of this phenomenon was due to the falling dollar, and optimism about a possible global economic recovery. The data coming from China, Japan, Europe and the United States over the past two days managed to return confidence in the stock market and commodity.

As a result of this optimism, many investors bet on oil. Also benefited the dollar's decline to oil. A matter of time now to see if oil kept rising achieved. Short term may continue rising crude. In recent months, Wells Fargo has been very successful. However, today with the publication of Unemployment Claims American, this may not happen. Maybe the oil yield and today reaches $ 50.50. Technical News EUR / USD Yesterday the pair developed an uptrend. Figure 4 hours, is observed when RSI in excess of purchases. Also, the low Slow Stochastic suggests. A downward correction is imminent. In the hourly chart, Bollinger bands are tightened. Going short would be successful today. GBP / USD 4-hour chart, the Cable is in excess of purchases by the RSI and Slow Stochastic supports the notion bassist. Probably happens a downward correction. It would be advisable to go short. USD / JPY The pair failed to break the 98.00 area, it is estimated that the uptrend will continue. The daily chart shows the slow stochastic with an upward trend, so that the increase takes place. The RSI is in oversold. Going along would be successful. USD / CHF The recent upward trend led to the RSI on the 4 hour chart to locate in excess of sales, so a bullish correction will take place. The Slow Stochastic supports this notion. Going along would be successful. The letter the day after rising oil observed yesterday, this commodity shows signs bears. The 4 hour chart shows a bearish formation. In addition, an excess of purchases. This could be exploited by investors and thus go short on oil.