When we are looking at streaming forex rates for this week, we will point out the fading rallies that have disappointed investors. The EUR is being depressed by the lackluster response to the European Union Finance Ministers meeting. The disarray in opinions is also not raising confidence in a market that is already quite jittery to begin with.
There is a bailout package for Greece is under strain because just 75% of the private sector creditors agreed to the voluntary exchange scheme. Reuters has commissioned a poll which clearly indicates investor disillusionment with the sovereign debt management. In simple terms a default is likely within a year. That does not mean that the country will leave the Eurozone.
Keeping an eye on the forex dynamics
Entrepreneurs are encouraged to be defensively positioned according to Sara Yates, a currency strategist working at Barclays Capital London. Political progress might help the EURUSD pair. A bearish view might be of benefit. It is from this perspective that the USD increased 0.1% which meant that the reading was 76.83, a figure that is fairly acceptable.
The streaming forex rates then move to the JPY=EBS combination. A tight range has been created on the back of information that there might be some Japanese intervention. This meant that a record low of 75.94 was registered. That meant that the dollar lost 0.8% which is the biggest drop in that month. The differences in reactions are telling. rockfall mitigation
Whereas the dollar is gaining on the EUR, it is losing against the JPY. An interesting pair to explore might be the EURJPY or the JPYEUR. The joint liquidity plan might be able to give the EURUSD a boost. However analysts say that it must go right up to 1.40 in order to overcome the skepticism. Reserve manager demand will continue to be an important factor in the dips.
The predictions on the forex landscape
A review of the USDJPY combination had a limited bounce which was associated with the BOJ intervention. If they did more the figure might even hit 80.00. The EURGBP has been able to recover the early September drop. You should not buy the GBP until you are sure about the risk assessments and their impact.
There is some interesting news on the DIJA and S&P listing. It seems that the liquidity plan from Obama and the Fed is going to have some positive impact. At the moment they are neutral on 1200 for the S&P. This summary of the streaming forex rates might give you a template for your activities for the coming week.