Caused by the rise of gold and the proximity of 1635 of $

Caused by the rise of gold and the proximity of 1635 of $

Gold rose to a new record to coincide with the release of negative data from the United States according to the pace of decline in GDP growth to 1.3% on an annual basis during the second quarter and less than analyst expectations at 1.8%.
Where futures rose August / August traded on the Comex in New York to the level of U.S. $ 1634.9, the highest points at all before that reduce the level rises slightly to U.S. $ 1631.3 in about five o'clock and eighteen minutes pm GMT.
And they read the GDP the U.S. during the first quarter ended March / March has seen an amendment to reduce the growth rate during that to only 0.4% from 1.9%, which is reminiscent of talk again about slowing economic recovery and launch the quantitative one in the light of the high and clear rates of unemployment, which is still above the level of 9%.
It also comes high gold amid worries prevail in markets from the crisis of the debt ceiling U.S. which is still deadlock enveloping move between Republicans and Democrats, at a time in which it proclaimed, "Moody's" on the status of classification of Spain on review for possible downgrade a few hours before the announcement came in the words of its President and Minister "Zapatero" and called for early elections because of political instability that accompanied the activation of austerity plans.

U.S.markets fall on 30/7/2011

U.S.markets fall on 30/7/2011
U.S. indices ended the day down amid concern the inability of lawmakers, Republicans and Democrats to reach agreement on the debt ceiling and the budget deficit.
This index has declined, "Dow Jones" industrial 96 points, or 0.8% down to the level of 12 143 points, while he lost 4.2% this week, which remains the worst in him almost a year, while losing 2.2% during the month of July as a whole.
The index "S & P 500" in the broader U.S. market fell by 0.65% to 1292 points by the end of trading, to be so lost 3.9% in the week, the worst in him, too, have lost 2.2% during the current month.
The data today, Statistics from the Ministry of Commerce has revealed a slowdown in U.S. economic growth to 1.3% in the second quarter compared with the reading of which was adjusted downward to 0.4% from 1.9% in the first quarter, amid growing concern about the decline of the pace of economic recovery and the return of talk about facilitating quantitative third.
It is noteworthy that the average growth rate during the past two years amounted to 2.5% of U.S. gross domestic product which is not quite enough to cut unemployment by more than 9%.
The data were monthly survey conducted by the University of Michigan and the agency "Reuters" has revealed U.S. consumer confidence fell to its lowest level in two years during July.
Recorded reading confidence index recorded a decline to the level of 63.7 points from 71.5 points in June, and also less than the initial reading of the index in the month of July at 63.8 points, while the projections indicate a slight rise at 64 points.
The European shares have recorded the largest loss Ospoabh since March / March vulnerable to U.S. data negative, and the possibilities that are still expanding the sovereign debt crisis in the euro area, where it was put, "Moody's" Category Spain on review for possible downgrade, in the time when the Prime Minister, "Zapatero" today during a press conference after the early elections continue to put pressure on his government austerity plans as a result of their application in order to reduce the budget deficit.
The index ended the "pan-FTSE-300" the day down 0.4% to the level of 1084 points, while he lost 2.7% during the entire week.
The index of the "FTSE" British has fallen 1% at the end of trading Friday, while the lost "CAC" French 1.07%, and the retreat, "DAX" the German by 0.44%.
The day saw a gold standard to achieve a new record of $ 1637.5 in support of the increased demand in conjunction with the achievement of the Swiss franc at a new record in his move against the dollar and the euro and the pound sterling to hedge demand, in addition to the high yen is strong against the dollar for the same reason.

The debt crisis of the Government of the United States and the fate of the dollar

The debt crisis of the Government of the United States and the fate of the dollar

It has been the failure of last week as the U.S. government had failed to reach a compromise on the issues of disability and this would complicate the lives of the dollar more than that.

However, this would increase the effort of establishing the direction of currency for the better over the next week.

Leads the start of the week, discuss Ajzalve holds greater potential for the movement of the dollar. Depending on how the evolution of this case could have a widespread impact not only on the dollar but on the wider financial markets, it is wise to work within a reasonable probability to explain how this issue will affect the dollar. If one thinks for a period of two weeks, it will guarantee that the large fluctuations in the dollar will continue until there is a big trend. Because of this, the outlook is much more flexible, and will breach the deficit ceiling officially on August 2, because of this time frame, there is a time for political maneuvering, Democrats and Republicans to earn points with each of their constituents in order not to go to another place, there is a very low probability that the end of this the situation in technical default and the possibility to reach a solution before the end of the next week or the following Monday is high.

If you simply raise the limit to avoid the pain of a default event, Can provide temporary relief for financial markets and the dollar in parts Equal, it is likely to be limited during the follow-up Rating agencies and there should be Suggested that the important goals to reduce the deficit over a reasonable time frame By focusing on revenue, focus on spending or a combination of Both, and can be viewed as an attempt to break the pump On the economy and the withdrawal of the incentives that led to the excessive trust markets

Money since the Great Depression, if we end the week without Clear solution, where should we expect to grow unstable fluctuations Increasingly through the rumors and asks for the addresses that fear.

Last week, the European Central Bank announced a comprehensive policy Tables to contain the crisis contagion in the markets of sovereign lending and private.

There have been considerable efforts, however, the deficit still stands at the end This leads to lower morale of the market.

 If the steps have been taken does not enhance the confidence, the euro will continue to decline and thus raise the U.S. dollar.

These problems are the most widespread and Gamaudha they determine the direction of the dollar general.

However, there are some events that can cause fluctuations in the short term

And perhaps even contribute to change the current trends, we have the confidence of consumers and the sector data Housing.

However, the real news over the first reading of the gross Second quarter GDP, which alone can affect the direction of the dollar Balasbuaan next.

Gold prices rose on Friday

Gold prices rose on Friday, beyond the barrier of $ 1600 an ounce again, and on the back of investors worried about global economic conditions.

 And, according to British news agency Reuters that the price of gold rose one percent today to get back above $ 1600 an ounce, where he scored gold in the instant transaction 56.1603 Onosh dollars.

The price of gold fell in overnight trading, reaching the previous close in New York of $ 1587.90 an ounce, after receiving positive news for the global market.

This rise comes amid continuing concerns about the debt crisis of the euro area, the probability of failure of the United States to settle its debts with the continuation of negotiations on the lifting of the U.S. debt ceiling.

The concerns about euro zone debt to the debt crisis in the United States has prompted the rise of gold prices, 11-session until Monday last the longest rally of the metal in four decades and has registered the highest price a record high for gold at 51.1609 dollars per ounce.

The gold price has been recorded up earlier, during the late last April, recording a 1575 dollars an ounce, after a series of leaps record it.

And will last many world markets in the search for an alternative to the U.S. dollar, "weak", with some markets went toward keeping the yellow metal as a strategic reserve for central banks, rather than the dollar, which contributed to boost demand for gold as a safe haven.

The analysts that gold is rising in almost ten years could continue to rise over four years, albeit at a slower pace with the decline in inflationary risks by shifting to a more normal economic conditions.

This came after the price of gold was recorded last March with a decline reached its lowest level in three months, with $ 1319.13 dollars per ounce, due to the decline in demand to buy safe-haven investment, with the dollar's recovery from depressed levels.

Indicated that he expected continued high price of gold with the rush of investors to the yellow metal safe haven, speculation and a high rate of inflation in the United States because of printing more dollars to finance the economic stimulus plan.

U.S. debt crisis and its impact on global currency

Record the U.S. dollar yesterday, down through the transactions and that the failure of the U.S. Congress in

To reach agreement on raising the ceiling of U.S. debt in spite of the approaching deadline for the payment of obligations

Economic Analysis

U.S. dollar:

U.S. dollar decline during trading yesterday, and with the dealers in the market of speculation on the possible failure of the United States in payment of obligations by next week. In general, the safe-haven currencies like the Swiss franc and Japanese yen had a record also lower compared to higher-yielding currencies. Amid such a state of pessimism to the dealers, the dealers who had turned towards riskier currencies slightly at the expense of safe-haven currencies such as the U.S. dollar and the franc and the Japanese yen, due to lack of the presence of important economic data was expected to be released during trading yesterday. As for today, it is expected the adoption of several important economic data. That it is possible that the traders to review financial centers that are open at this time. It is expected from the U.S. release of important data on the housing sector and consumer confidence. In the event that that data at the level of a negative, it will lead to lower U.S. dollar with the rise in the Swiss franc and Japanese yen. But dealers should also do follow-up data for the European region because of its importance and its impact on the movement of currencies today as well.

Euro:

German consumer confidence indicators under consideration today.

Euro mixed performance over the week due to the affected customers at rates significantly the risk faced by the region at this time because of the debt crisis in Europe. In general it could the euro in trading yesterday to record high against the U.S. dollar because of the lack of clarity of vision for the traders on the ability of the United States to be bound to pay its debts, due to the arrival of U.S. Congress to the agreement that would guarantee to raise the ceiling of U.S. debt. In general the situation does not seem only relates to debt of America. European region is also suffering from the debt crisis of many economists warned of the center and spread of different European countries, which certainly impact on the psychology of traders in general. Especially with the corporate credit rating cut classification of many European countries at the moment and of course Greece. This is in addition to the high inflation at the moment despite the current crisis of debt which puts the European region to the scenario of continued high interest rates of their own to meet rising inflation at the moment. But of course it will also have a negative impact on debt issue in Europe. As for today, it is awaited important data on the rates of the confidence of German consumers. It is expected today at 7:00 am GMT Grech release of data from the institution known as gfk working to measure the levels of consumer confidence in Germany. In the case of a positive reading suggests that there is a state of optimism among consumers that the Germans will lead to the continuous rise of the euro against other currencies. In the case of negative results, this will lead to a rise in safe-haven currencies such as the U.S. dollar and the Japanese yen the next period.

Australian dollar:

Rates of risk makes the Australian dollar a mixed performance.

Australian dollar declined against most major currencies during trading yesterday. This comes after the release of economic data led to the exit of customers from it and go to the yielding currencies at least compared to in Australian dollars. In general, the Australian dollar suffered from selling pressure over the past few weeks because of concerns about the crisis global debt, whether American or European. Especially with the Americans failed to reach a solution in order to raise U.S. debt ceiling. In general, the movement of the Australian dollar against other currencies, especially the safe-haven currencies such as the U.S. dollar and Japanese yen, it was tilted downward significantly. On the other hand it is an interview with the President of the Reserve Bank of Australia today, it will be an opportunity for the Australian dollar to be affected by this letter, especially if it relates to interest rates in Australia. In general, it is because of the link to the Australian dollar commodity prices, this would make the Australian dollar edged up, the coming period, especially in the case of low risk in the market a bit.

Crude oil:

The stability of prices of crude oil amid uncertainty in the market.

Record crude oil stability during the current trading on Monday due to the lack of visibility on the global economic situation at the moment. Especially with the failure of the United States to reach an agreement leading to raise U.S. debt ceiling before the deadline for payment of U.S. commitments in the second of August. In general, the data expected from the region, Europe and the United States last week had led to the direction of customers to safe-haven currencies which had prompted a decline in oil a little bit. Even made news a surprise then pointed to the rise in Chinese demand for crude oil, which led to the rise in the market . was with the rising U.S. dollar last period was difficult for the crude oil to record a big increase in some way. But at the moment and without the direction of the U.S. dollar on the rise, this gives an opportunity for crude oil to record high this week. In general, the current projections indicate the possibility of crude oil continued to walk in or incidental to record a slight increase until the end of the week.

Technical Analysis

EUR / USD

Moved EUR / USD from the brink of collapse after the failure of the closure without the moving average of two hundred days, and testing the pair in the current bearish trend line extending from the highest levels for the months of May and July when the level of 1.4450. And increase the momentum in the short term, in the case of penetrate resistance line this up, this pair may find more resistance when the price peaks in July and June and May, 1.4580 and 1.4700 and 1.4940, respectively. But at the same time There is a "scissors" bearish on the daily chart of the Japanese candles and extends from the highest level recorded last week on Thursday and Friday, thus enhancing the power of the old resistance line, which extends for three months. And levels of support is at 1.4015 and 1.3835 and 1.3780, which is located at the trend line extending upward from the lowest level in June 2010.

GBP / USD

After the pair has recorded its lowest level at 1.5780, which represents 38% Fibonacci retracement of the price movement from May 2010 to April 2011, cable break the line of the neck to form opinion and shoulders, in addition to the line of resistance that extends from the highest levels recorded by the pair in April and May. The pair found resistance at the current trend line, which has already Achtergah price, which extends from the lowest level in May 2010, and who is now first resistance at 1.6360. In the case of rising above this level, it is possible to test higher price level in May at 1.6545, and in spite of the vendors that GBP may be trainees before the highest price in April, at 1.6745. And on the bearish side, the support is at the line of the former resistance line of the neck extending from the highest levels in April and May at 1.6190. There is additional support at 1.6000 and at the lowest level in July at 1.5780.

U.S. Dollar / Japanese Yen

The return of the power of the approach of the Japanese yen to the dollar / yen, the lowest level ever at 76.11. The low Stochastic on the monthly chart, weekly and daily exposure to the possibility that this pair to further declines. And the support is at the level of 78.20, followed by the lower limit of the bearish wedge pattern extending from December 2008 and which is located at 77.50. In the case of elevation of the top, the pair will find resistance at 79.60 and 81.50.

U.S. dollar - Swiss franc

After trying to rise up, face the USD / CHF at the moment resistance at 0.8270. Given the pair failed to maintain any gains, you may test the lowest level ever at a level of 0.8080. Any attempt to increase might lead to face resistance at 0.8270 and 0.8385 of a downward trend line from the highest level in February. Vendors have been lurking in this pair at 0.8550.

GBP - U.S. $:

Today is expected to release data on GDP for the second quarter of this year. In general it is expected that data to come to read the negative from the viewpoint of many economists. Which is expected to read about the possibility of registration of 0.2% compared to 0.5% during the first quarter. In general it is for those traders who expect the arrival of the United States for an agreement on raising the ceiling of U.S. debt, this may lead to higher U.S. dollar slightly against the Pound. Therefore, it is possible that the traders to enter into a deal to sell the GBP / USD, especially with the high pair to 1.6360 levels with the use of stop loss point soon. And target 1.5780.

U.S. debt crisis and its impact on global currency

Record the U.S. dollar yesterday, down through the transactions and that the failure of the U.S. Congress in

To reach agreement on raising the ceiling of U.S. debt in spite of the approaching deadline for the payment of obligations

Economic Analysis

U.S. dollar:

U.S. dollar decline during trading yesterday, and with the dealers in the market of speculation on the possible failure of the United States in payment of obligations by next week. In general, the safe-haven currencies like the Swiss franc and Japanese yen had a record also lower compared to higher-yielding currencies. Amid such a state of pessimism to the dealers, the dealers who had turned towards riskier currencies slightly at the expense of safe-haven currencies such as the U.S. dollar and the franc and the Japanese yen, due to lack of the presence of important economic data was expected to be released during trading yesterday. As for today, it is expected the adoption of several important economic data. That it is possible that the traders to review financial centers that are open at this time. It is expected from the U.S. release of important data on the housing sector and consumer confidence. In the event that that data at the level of a negative, it will lead to lower U.S. dollar with the rise in the Swiss franc and Japanese yen. But dealers should also do follow-up data for the European region because of its importance and its impact on the movement of currencies today as well.

Euro:

German consumer confidence indicators under consideration today.

Euro mixed performance over the week due to the affected customers at rates significantly the risk faced by the region at this time because of the debt crisis in Europe. In general it could the euro in trading yesterday to record high against the U.S. dollar because of the lack of clarity of vision for the traders on the ability of the United States to be bound to pay its debts, due to the arrival of U.S. Congress to the agreement that would guarantee to raise the ceiling of U.S. debt. In general the situation does not seem only relates to debt of America. European region is also suffering from the debt crisis of many economists warned of the center and spread of different European countries, which certainly impact on the psychology of traders in general. Especially with the corporate credit rating cut classification of many European countries at the moment and of course Greece. This is in addition to the high inflation at the moment despite the current crisis of debt which puts the European region to the scenario of continued high interest rates of their own to meet rising inflation at the moment. But of course it will also have a negative impact on debt issue in Europe. As for today, it is awaited important data on the rates of the confidence of German consumers. It is expected today at 7:00 am GMT Grech release of data from the institution known as gfk working to measure the levels of consumer confidence in Germany. In the case of a positive reading suggests that there is a state of optimism among consumers that the Germans will lead to the continuous rise of the euro against other currencies. In the case of negative results, this will lead to a rise in safe-haven currencies such as the U.S. dollar and the Japanese yen the next period.

Australian dollar:

Rates of risk makes the Australian dollar a mixed performance.

Australian dollar declined against most major currencies during trading yesterday. This comes after the release of economic data led to the exit of customers from it and go to the yielding currencies at least compared to in Australian dollars. In general, the Australian dollar suffered from selling pressure over the past few weeks because of concerns about the crisis global debt, whether American or European. Especially with the Americans failed to reach a solution in order to raise U.S. debt ceiling. In general, the movement of the Australian dollar against other currencies, especially the safe-haven currencies such as the U.S. dollar and Japanese yen, it was tilted downward significantly. On the other hand it is an interview with the President of the Reserve Bank of Australia today, it will be an opportunity for the Australian dollar to be affected by this letter, especially if it relates to interest rates in Australia. In general, it is because of the link to the Australian dollar commodity prices, this would make the Australian dollar edged up, the coming period, especially in the case of low risk in the market a bit.

Crude oil:

The stability of prices of crude oil amid uncertainty in the market.

Record crude oil stability during the current trading on Monday due to the lack of visibility on the global economic situation at the moment. Especially with the failure of the United States to reach an agreement leading to raise U.S. debt ceiling before the deadline for payment of U.S. commitments in the second of August. In general, the data expected from the region, Europe and the United States last week had led to the direction of customers to safe-haven currencies which had prompted a decline in oil a little bit. Even made news a surprise then pointed to the rise in Chinese demand for crude oil, which led to the rise in the market . was with the rising U.S. dollar last period was difficult for the crude oil to record a big increase in some way. But at the moment and without the direction of the U.S. dollar on the rise, this gives an opportunity for crude oil to record high this week. In general, the current projections indicate the possibility of crude oil continued to walk in or incidental to record a slight increase until the end of the week.

Technical Analysis

EUR / USD

Moved EUR / USD from the brink of collapse after the failure of the closure without the moving average of two hundred days, and testing the pair in the current bearish trend line extending from the highest levels for the months of May and July when the level of 1.4450. And increase the momentum in the short term, in the case of penetrate resistance line this up, this pair may find more resistance when the price peaks in July and June and May, 1.4580 and 1.4700 and 1.4940, respectively. But at the same time There is a "scissors" bearish on the daily chart of the Japanese candles and extends from the highest level recorded last week on Thursday and Friday, thus enhancing the power of the old resistance line, which extends for three months. And levels of support is at 1.4015 and 1.3835 and 1.3780, which is located at the trend line extending upward from the lowest level in June 2010.

GBP / USD

After the pair has recorded its lowest level at 1.5780, which represents 38% Fibonacci retracement of the price movement from May 2010 to April 2011, cable break the line of the neck to form opinion and shoulders, in addition to the line of resistance that extends from the highest levels recorded by the pair in April and May. The pair found resistance at the current trend line, which has already Achtergah price, which extends from the lowest level in May 2010, and who is now first resistance at 1.6360. In the case of rising above this level, it is possible to test higher price level in May at 1.6545, and in spite of the vendors that GBP may be trainees before the highest price in April, at 1.6745. And on the bearish side, the support is at the line of the former resistance line of the neck extending from the highest levels in April and May at 1.6190. There is additional support at 1.6000 and at the lowest level in July at 1.5780.

U.S. Dollar / Japanese Yen

The return of the power of the approach of the Japanese yen to the dollar / yen, the lowest level ever at 76.11. The low Stochastic on the monthly chart, weekly and daily exposure to the possibility that this pair to further declines. And the support is at the level of 78.20, followed by the lower limit of the bearish wedge pattern extending from December 2008 and which is located at 77.50. In the case of elevation of the top, the pair will find resistance at 79.60 and 81.50.

U.S. dollar - Swiss franc

After trying to rise up, face the USD / CHF at the moment resistance at 0.8270. Given the pair failed to maintain any gains, you may test the lowest level ever at a level of 0.8080. Any attempt to increase might lead to face resistance at 0.8270 and 0.8385 of a downward trend line from the highest level in February. Vendors have been lurking in this pair at 0.8550.

GBP - U.S. $:

Today is expected to release data on GDP for the second quarter of this year. In general it is expected that data to come to read the negative from the viewpoint of many economists. Which is expected to read about the possibility of registration of 0.2% compared to 0.5% during the first quarter. In general it is for those traders who expect the arrival of the United States for an agreement on raising the ceiling of U.S. debt, this may lead to higher U.S. dollar slightly against the Pound. Therefore, it is possible that the traders to enter into a deal to sell the GBP / USD, especially with the high pair to 1.6360 levels with the use of stop loss point soon. And target 1.5780.

gold price

Is the debt crisis in the U.S. be the cause of the escalation of the price of gold received in 1626 exceeded this day of $ Oukah share my opinion

U.S Stock Market 26-7-2011

U.S Stock Market

INDEX	VALUE	CHANGE	% CHANGE	TIME
DOW JONES INDUS. AVG	12,522.00	-70.84	-0.56%	13:22
S&P 500 INDEX	1,333.73	-3.70	-0.28%	13:22
NASDAQ COMPOSITE INDEX	2,842.28	-0.52	-0.02%	13:22
S&P/TSX COMPOSITE INDEX	13,345.40	-90.51	-0.67%	13:22
MEXICO IPC INDEX	35,374.40	-105.24	-0.30%	13:02
BRAZIL BOVESPA INDEX	59,436.00	-534.51	-0.89%	13:00

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