Forex trading the third day this week (24/7), the Asian session on Wednesday morningonly the safe haven yen exchange rate that defeated the u.s. dollar continued to trade forex in advance by dropped crude oil price.

Crude oil price plummeted back badly after briefly strengthened to the highest position 16 trading days the beginning of the week, caused Petroleum Minister ofSaudi Arabia's statement that consider not to trim his country's oil production or freeze after startup weekend uplifted by an agreement that Russia and Saudi Arabiahave agreed to trim crude production in March.


The fundamental driving force of the market this morning had begun with the release of economic data for Japan and Australia, from Japan released a monthly report of the BOJ to performance of the service sector of the country that shows the score is lowerbut the yen continued to rise anyway.

And from the Australia release updates the results of construction work and the level of wage increases paid the Government and businessmen, both these data indicate a lower data or negative so gave additional pressure to the exchange rate movement of the aussie who already shrank by weakening crude oil prices.

While the movement of currency in Europe such as the euro and the pound today nofundamental data mover signfikan affect the currency so it still affected trading sentiment and sentiment is driving the u.s. dollar these days.



To trade the u.s. dollar all day this will receive the sentiment of some of the releases of economic data which is expected to show mixed results, where flash data service PMIare estimated to show a rise in the data, the next U.S. crude oil inventory data which is expected to decline and then indicating negative data came from new home salesdata last January.
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