Still the single currency euro under pressure until further notice, as a result of worsening conditions in the old continent in the wake of developments in the euro area and that raises doubts and terrible in the hearts of investors towards the containment of European sovereign debt crisis that fall in its third year, especially in the shadows opposed visions the leaders of the euro zone towards ways of containment and exacerbate the situation that drives investors to abandon the high-yielding currencies, led by the euro and demand for yielding currencies low, led by the Japanese yen and the U.S. dollar being considered a safe haven in the shadows of an uncertain vision and skepticism that dominates the psychological investors.
Seen today dear reader in Spain and Greece continued to pretend violent to stop policies austerity strict, which aims to reduce the budget deficit, just before the government's announcement Spanish on Thursday for next year's budget 2013 and which will ensure plans austerity to reduce gap deficit of worth 60 billion euros, this was confirmed by Today Mr. Mariano Rajoy Spanish Prime Minister 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 wake of growing speculation about the feet of Spain to apply for foreign aid during the next few days to support its deteriorating economic situation.
Otherwise, we have seen the day up borrowing costs on the Spanish government amid uncertainty and skepticism felt by investors in global financial markets, rising bond yields for 10 years in the secondary market, recording 6% after rising by 23 basis points, this is still a global financial markets are looking forward to now closely Spain and the steps that are supposed to also announces the result of a test banks and restructuring plans during the current week.
On the other markets are looking forward to now also important economic data that we will see tomorrow, Thursday by the world's largest economy, which may confirm the growth of the U.S. economy by 1.7% during the second quarter, and declining jobless claims weekly, may also appear requests durable goods excluding conductors up note as could see a whole declined significantly, in addition to the fact that reading pending home sales may show a decline is other.
Otherwise will be also tomorrow for the British economy reading the end of the GDP for the second quarter, which may confirm the economy contracted Maliki by 0.5% during the second quarter, not to mention the fact that reading the current account for the second quarter may show widening deficit, On the other given to the old continent that will tomorrow unveil new data may confirm the continued deterioration of confidence levels in the economy in general and in the industries and services especially with the deterioration of consumer confidence during the month of September / September.
And accordingly we saw lower EURUSD on the drawing Japanese daily, the pair is currently trading at levels 1.2858, and after that made the pair the lowest level during the trading day at levels 1.2835, the highest level at 1.2912, the momentum indicators on the drawing Japanese per hour indicate the continued rebound pair of oversold area, in addition to being the four hours and daily level refers to the possibility of rebound pair of oversold area, it is expected that the pair today is among the key support at levels of 1.2690 and the major resistance at levels of 1.3055.
As for a man of sterling against the dollar has shown a decline is other on the daily chart, currently trading at levels 1.6152, and after that achieved the lowest level at levels 1.6136 and the highest level at 1.6208, the momentum indicators on the drawing Japanese per hour indicate the continued rebound pair of oversold area, it is also the levels of four hours refer to the possibility of rebound pair of oversold area, while they are on a daily level indicate the continued rebound pair of overbought area, although it is close to the oversold area, from expected that the pair today is among the key support at levels of 1.5980 and the key resistance at levels of 1.6350.
We do for a couple of dollar-yen, which showed stable highest opening on the daily chart, the pair is currently trading at levels 77.74, its highest level at levels 77.90 and the lowest level at 77.58, the momentum indicators on the drawing Japanese per hour and daily level refers to the possibility of rebound pair of oversold area, it is also the four hours indicate the continued rebound pair of oversold area, the pair is expected to trade today is among the major support at levels of 76.80 and the key resistance at levels of 79.00.
