Forex Gold Index
Percentage Forex Trading GBP / CHF, Gold and U.S. dollar
Fundamentals vs. Technical Analysis
The constant bias feelings market for U.S. dollar has continued to decline despite the efforts made in the APEC summit for emerging economies by the U.S. government represented by the Treasury secretary, Timothy Geithner, comments on U.S. policy of a stronger dollar.
The USDX has fallen to a minimum of 74.75, though, said Fed Chairman Ben Bernanke that the central bank is monitoring the market reaction to the U.S. Dollar movement. The index ICE Futures U.S. dollar, which measures the dollar against other currencies, dropped 0.9 percent in afternoon trading.
The dollar has weakened considerably this year as the Fed kept interest rates at a record low of close to zero, forcing investors to look elsewhere to park their money. The weaker dollar also helped other metals such as copper and silver sharply higher, oil prices rebounded from their lowest levels in a month. products denominated in dollars cheaper for foreign buyers when the dollar falls.
This led the GBP / USD and the EUR to continue its momentum upward 1.6875 and 1.4968 respectively. The only concern is that the majors are showing some differences from day to day that the sale price more high. The relative movements of the U.S. dollar depreciation is slowing and cautiously waiting for some fresh incentives from subsequent reports.
Although, the most beneficial commodity price of gold was leading to the USD1, 143.29 high as the volume and open interest increases as it rises more. Good defined and strengthened the U.S. dollar trend and gold has remained stable as long as the price movements are strong and constant as they move from day to day.
December gold futures closed up $ 22.50, or 2 percent, to $ 1139.20 an ounce on the New York Mercantile Exchange hit a new high of $ 1144.20 in after-hours trading. Gold in particular has benefited from a weaker dollar because it is considered a good protection against the falling dollar and inflation. The gains in gold of interest because, in other precious metals, platinum, palladium, silver and rhodium all the blows of their levels strong in over a year, largely driven by a falling dollar.
ICE index futures U.S. dollar, which measures the dollar against other currencies, fell 0.9 percent in afternoon trading. Gold in particular has benefited from a weaker dollar because it is considered a good protection against the falling dollar and inflation.
The GBP / CHF was a very good option to trade in our previous view of the market report 25 and the blog taken a long position in the range of 1.6730/50 -1.6800 price and the current work from this script is 1.6980 with a maximum at 1.7011. While the potential trend has not been achieved yet, but this may be true for the rest of the week unless something important happens in the news.
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