Despite the fact that the negative pressures still surrounded gold prices with the power of the greenback at the end of this week, which also corresponds with the end of the month and the third quarter of this year 2012 which showed general weakness activities global economy in major global economies and pay monetary policy makers banks Central World to adopt more stimulus to save what can be saved, but the black gold is currently experiencing stable opening lows in the shadow of the growing speculation dependence more and more stimulus until the arrival of the global economy to recover please him.
There is no doubt that the doubts and fears persist in the Money Markets Global's future global economic recovery with successive negative economic data by the world's largest economy and biggest consumer of crude oil globally, not to mention the uncertainty about what would the European sovereign debt crisis within the its third year, which weigh on the shoulders of the economics of the old continent and the global economy, respectively, the thing that limits bets on crude oil prices, while signs of recovery.
It is worth mentioning that crude oil prices have fallen by 1.2% during the week and by 4.9% during the month of September / September, although they still show an increase of 8% from what it was at the end of the second quarter of this year, especially since those policies pursued by monetary policy makers globally recently will set sooner or later inflation, the thing that makes affected major minerals, led by gold, which is the safe haven and basic materials, led by black gold up the greenback, according to the relationship reverse them is not at the level of affected major currencies, especially high-yield and Ali euro head until a clearer vision.
Private and that despite the fact that the negative economic data that we have seen recently by the U.S. economy confirm the weakness of the economy and raised fears in the hearts of investors about the future of recovery which will take more time and effort, but it supports the speculation towards the feet of monetary policy makers Feds on adoption More stimulus, and expand the quantitative easing policy (QE) by the U.S. Federal revived this month with a value of $ 40 billion per month can be increased until the arrival of the U.S. economy to safety.
It is worth mentioning that the Blur witnessed by the global financial markets are currently ahead of the first weeks the fourth quarter to pay investors cautious and careful forcing them to go to the currencies low yielding, headed by the first currency in the world, especially with fears for the acquisition of the Japanese yen at current levels, which could push the Japanese central intervention to weaken it, especially as the strong yen weighing heavily exports and Japanese corporate earnings, which are the backbone of the Japanese economy, not to mention the risk of deflation afflicting the third largest economy in the world.
We have seen at the end of this week the approval of the Spanish Parliament in the end the budget in 2013, which focused on reducing the budget deficit and to find remedial action to the fourth-largest economies old continent, followed by announcement second largest economies of the euro for the general budget, which noted by President Francois Hollande in advance as it will be difficult for France thirty years ago for being designed to provide about 30 billion euros to reduce the budget deficit to 3% from 4.5% during the current year.
Otherwise still the global financial markets are looking forward to closely now test results solvency of banks Spanish, especially since it will clarify whether Spain in dire need of a loan to save external international lenders "Troika" and subject ultimately to the conditions for assistance, or remain reluctant until further notice in Shades worsening their conditions.
Especially in the wake of increased yield on Spanish government for 10 years in the secondary market today, recording 6% amid uncertainty and skepticism felt by investors towards the outlook for the state, noted that this increase on the return of the dangerous areas puts pressure on the Spanish government that reluctant currently in external rescue loan application.
It is worth mentioning that Mr. Mariano Rajoy Spanish Prime Minister has confirmed this week on the fact that his country would not apply help, but in the event of continued high returns on government bonds Spanish to record levels and a long period of time, and in the shadow of growing speculation about the feet of Spain on progress request for foreign aid in the coming period to support its deteriorating economic situation.
On the other has noted Italian Prime Minister Mario Monti yesterday about dissatisfaction and rejection of the imposition of the European Central Bank more conditions and policies austerity strict countries that seek to request loans within bond-buying program, which pointed to him the bank in advance, expressing no need for the IMF to monitor General LTC States in the event of the application and according to a European Central with its announcement of the program during the current month.
Adding that there countries such as Italy and Spain in the frequency clear to request rescue by bond-buying program, due to the conditions of economic might impose central bank for these loans, expressing it must be based European Central and the European Union in general to quickly identify the conditions associated with the loan application within purchase program bonds, and it is not supposed to postpone these conditions, expressing that economic conditions should not be more severe than those indicated by the European Union in June / June.
This has increased the dollar index, which measures the performance of the dollar against six major currencies including the euro and the Japanese yen and the British pound is currently trading at levels 79.93, its highest level during the day at 79.96 after opening at levels 79.62 and its lowest level during the day at 79.43.
On the other showed crude oil prices stable lows inaugural currently trading at levels $ 92.14 a barrel, marking its lowest level during the day at $ 91.42 per barrel compared with the opening level at $ 92.21 per barrel and a female interrogator highest level during the day at $ 92.76 a barrel, and that at 01:15 pm New York time.
As for the yellow metal has seen, we have seen declining slightly during the U.S. session, note that it is still currently trading near its highest level since February last at levels 1,768.85 $ an ounce, its lowest level during the day at $ 1,767.15 per ounce compared with the opening level When 1,777.19 $ an ounce, and reached the highest level during the day at 1,783.32 $ an ounce, as prices fell silver trading currently at levels $ 34.43 per ounce, compared with levels of the opening at $ 34.59 per ounce, although it also that he is still trading near its highest level since March / March.
Otherwise Considering the euro against the dollar, according to Zkrnh predetermined pair is now down on the drawing Japanese daily, the pair is trading at levels 1.2860, and after that achieved the lowest level during the trading day at levels 1.2838, the highest level at 1.2959, momentum indicators on the drawing Japanese per hour and daily and monthly indicate the continued rebound pair of oversold area, while they are on the levels of four hours and Level Weekly refers to rebound pair of overbought area, it is expected that the pair today is among the key support at levels of 1.2750 and the key resistance Parent at levels of 1.3165.
As for a man of sterling against the dollar has shown a decline is other on the daily chart is currently trading at levels 1.6147, and after that achieved the lowest level at levels 1.6112 and the highest level at 1.6272, the momentum indicators on the drawing Japanese per hour and daily and monthly suggests the continued rebound pair of oversold area, while they are on the levels of four hours and Level Weekly refers to the possibility of rebound pair of overbought area, it is expected that the pair today is among the key support at levels of 1.6055 and the key resistance at levels of 1.6425.
We do for a couple of dollar-yen, which showed a remarkable increase on the daily chart is currently trading at levels 78.02, its highest level at levels 78.03 and the lowest level at 77.43, the momentum indicators on the drawing Japanese per hour indicates the pair in an overbought area, while it the four hours and daily and weekly refers to rebound pair of oversold area, it is also at the level of monthly indicate the pair in an oversold area, it is expected the pair traded today among key support at levels 76.50 and key resistance levels 78.50.
