Technical forex analyzes 1/28/2010

The declarations of Jean-Claude Juncker in connection with Greek public finances created a feeling of insecurity around the euro and benefitted the dollar, which crossed the levels of 1.0500 (higher to 1.0554). This level has highest been recorded for 6 months and it is justified by the probable end of low interest rate in the United States.
The last vote for the maintenance of the current monetary policy was not done unanimously and a forthcoming rise of the rates would support the dollar. We are now “shorts” on the parity sale to 1.0500 and we await a return of the parity under this level.

EUR-USD According to Axel Weber, one of the leaders of the ECB, “the crisis certainly is not finished yet!”. Fears related to the financial health of Greece, as well as waiting of the meeting monetary policy committee of Federal fund (FOMC) yesterday evening, have made plunge the single currency on its low level for 6 months, to 1.3933 with low. The dollar continued to profit from a purchasing current fort and we think that it would be useful to benefit from this clearing to buy the parity under the 1.4000, for a medium-term return above 1.4500.

USD-JPY the overseas investments increased by 230.1 billion yens in the Japanese purses and 663.8 billion yens in the Japanese obligations. The sales of detail are in fall of -0.3% for December. Following the decision of the FOMC, the purses set out again with the rise, causing a fall of the yen. The USD/JPY is assembled from 89.15 to 90.39 and cross-country race EUR/JPY from 125.25 to 126.73. The point pivot of 90.00 remainder invariably of topicality.
EUR-CHF the euro against Swiss franc was not touched by the turbulences recorded by the principal parities. The channel of 1.4700 - 1.4750 held and should continue today (low to 1.4710 and higher to 1.4739 during the last 24 hours).

GBP-USD Surprisingly, the declarations of Andrew Sentance in connection with British inflation do not have affected delivers it, quite to the contrary! The market, having a presentiment of a probable end of the programme of injection of liquidity undertaken for several months by the central bank, has profited to massively buy the GBP/USD, which flew away up to 1.6245 before folding up itself slightly. Today, the rise should find a good resistance towards the levels of 1.6285.The situation of January 28th on the markets printable Version To suggest by e-mail