2008-08-01

Concerns about the U.S. official employment report

Technical analysis

The euro / dollar a consolidation trend, to close at 1.5580 U.S. dollars. U.S. stocks closed sharply higher on the 30th, to further boost the dollar. Is expected to exchange rate is expected to lowered 1.5303. 1.5625 built in the proposed short positions, the initial target 1.5492, stop loss at 1.5668.

Sterling / dollar as low as 1.9800 level, the United Kingdom in July Gfk Consumer Confidence Index fell to -39, the former value of -34, the lowest since the 1974 level. By this continue to drag down the greenback, closing at 1.9804 U.S. dollars in Asia. Expected the greenback will continue to downlink, the proposed short positions built in the 1.9807 target 1.9712, stop loss at 1.9854.

Aussie / dollar this morning, Australia June retail sales unexpectedly fell and the Australian central bank data showed weaker-than-expected private sector credit, the Australian dollar fell, hit the first low of 0.9450. Short-term rate is expected to be dropped on July 13 low of 0.9333. 0.9505 built in the proposed short positions, objectives 0.9403, stop loss at 0.9539.