Free Daily Forex Signal – Forex News – Free Forex System

EUR/USD – Spain, Italy next on Moody’s radar

FXstreet.com (California) – EUR/USD is still vulnerable to the downside as more Moody’s-inspired fears plague the Euro-zone.

“Rumours making the rounds that the major rating agencies are close to downgrade a ‘core’ eurozone country – which will trigger fears of more contagion effects and spikes in yields and borrowing costs. Focus on Spain and Italy yields and ratings, given current concerns,” comments the FXMarketAlerts Team.

Technically speaking, “The short term pattern continues to favor the downside but there is probably support in the mid 13700s – this area is defined by the 2010-2011 trendline, pivot low from March, and 52 week average,” explains Jamie Saettele, CMT, Sr. Technical Strategist at DailyFX. “Short term resistance extends to 14100.”

The U.S. Economy is Still Critical

www.fxbom.com
11:50 AM

The U.S. economy has not fully recovered from the recession. According to the Federal Reserve Chairman Ben S. Bernanke, the housing sector remains a sector that slowing U.S. economic growth rate. At the beginning of this week, the Fed said that still will be poured funds worth U.S. $ 600 billion for the bond purchase program. The plan, the stimulus will be launched November with the aim to boost economic growth. Just to remind, the U.S. economy grew only 1.8% in the first quarter of 2011. While the unemployment rate remained at 8.8% level.

Moving Australian Dollar Firmer, Inflation Increases Q1 Exceeds Estimates

www.fxbom.com
00:10 PM

On trade in the Asian session today the Australian dollar exchange rate against the dollar tends to increase (04/27). Aussie strengthened and re-scoring record highs after new economic data released today showed that inflation has increased to reach its highest level in more than four years.

Aussie lifted after inflation data for the first quarter and showed an accelerated inflation. Quarterly Inflation in the first quarter and reached the figure of 1.6%. The inflation rate is far beyond the inflation that occurred in the fourth quarter ago, also exceeded the estimate of inflation.

The Euro Rose to Highest Position level Since December 2009

www.fxbom.com
10:18 AM

In today’s trading looks euro exchange rate return to continue strengthening against the U.S. dollar (04/27). Euro exchange rate rose and reached its highest level in 16 months against the dollar amid speculation that the Fed will continue its loose monetary policy to stimulate the U.S. economy after a securities purchase program (QE2) ends next June.

The euro seems to have increased further against the dollar in trading today. Market participants predict that industrial orders data in Europe will rise. Release of positive data will be increasingly pushing the ECB to raise its benchmark interest rate soon.