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| balance of EUR / USD purchase contracts speculative accounts. |
speculative market participants such as hedge funds have their bets on the euro once again increased. In a futures market in Chicago increased, the balance between EUR / USD purchase contracts and sales contracts to +39,934 units. In the previous week, the surplus had already been talking to +22,901 contracts in favor of the European single currency. The U.S. currency is unpopular in the context of an escalating national debt and the extremely expansionary monetary policy of the Federal Reserve (Fed).
could Following the publication of the U.S. labor market report make up the U.S. dollar exchange rate a little ground. Thus, the euro exchange rate fell below the mark of 1.36 dollars. The unemployment rate in the United States is surprisingly significantly decreased from 9.4 percent to 9.0 percent. Economists had expected a slight increase to 9.5 percent.
Technical analysts believe, however, that under current exchange rates EUR / USD 1.36 were buying opportunities. The single currency has the potential to rise to 1.40 dollars and above. The short-term uptrend is still intact. Such was the € price movement of 1.2874 to the dollar climbed to 1.3860 between the 10th January 2011 and the 2nd February 2011.
particular, the very different monetary policy between the European Central Bank (ECB) and the U.S. Federal Reserve (Fed) confirms the positive Euro Forecast 2011th In the U.S., the money floodgates remain wide open with a Fed Funds Rate from 0 to 0.25 percent. In addition, the U.S. central bank buys government bonds worth 600 billion from 2011 to the end of the second quarter.
On the other side of the Atlantic to raise the benchmark interest rate is projected for fall 2011. Against the background of rising inflation, the European Central Bank (ECB) left not much longer policy rates at 1.00 percent. The inflation rate in the euro area rose to 2.4 percent in January 2011. Prices are rising not as fast as 26 months.
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