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U.S dollar strengthening…

Published 07/18/2011, 02:28 PM
Updated 07/18/2011, 02:32 PM

So far fears persist and spread further on a global scale to watch the dollar's refuge appeal boosted and reader against the major currencies to ascend the throne of currencies, amid concerns that afflict the world markets, and the background of the ongoing battle between Democrats and Republicans to raise the ceiling on public debt.

On the other hand, the move to the other side of the Atlantic, where Europe's crisis, it has failed tests solvency in the dissemination of confidence in financial markets after the results were better than expected and confirmed the doubts about the fairness of these tests in particular and it did not include the bankruptcy of Greece within the items

Plus the U.S. Federal and Bernanke stressed that the U.S. economy going through a slowdown in the stage of his recovery, noting that the U.S. Federal yesterday to amend its forecast for growth and inflation and unemployment that the U.S. economy and negatively.

With reference to the dollar index - which measures the performance of the dollar against six major currencies including the euro and the Japanese yen and the pound sterling - has risen on the chart for one day, currently trading at levels of 75.56, with the highest level during the day at 75.75 since the opening levels, which amounted to 75.46 and achieving a minimum level of him during the day at 75.38.

While the prices of gold traded at levels 1603.61 U.S. $ per troy ounce after it posted a price historically at 1607.34 dollars per ounce, compared with the levels of the opening, which amounted to 1595.90 dollars an ounce, while U.S. crude oil prices fell to trading currently at levels of 95.15 U.S. dollars a barrel, compared with levels opening, which amounted to U.S. $ 97.50 a barrel.

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Pointing out that the husband of the euro against the U.S. dollar fell on the chart for one day of trading at levels of 1.4057 dollars, confined between the levels of support at 1.4040 dollars and resistance levels at 1.4100 dollars, and the pair achieved a higher level to him during the day at 1.4126 dollars and achieving a minimum level during his the day at 1.4014 dollars.

As for the pair of sterling against the U.S. dollar has fallen on the chart for one day of trading at levels of 1.6023 dollars, confined to the support levels at 1.6000 dollars and resistance levels at 1.6105 dollars, and the pair achieved the highest levels during the day at 1.6128 dollars, has recorded its lowest level in the day at 1.6005 dollars.

Finally, the higher the pair the U.S. dollar against the Japanese yen to trade at levels of 79.09 yen, confined between the levels of support at 78.65 yen, and the levels of resistance at 79.30 yen, with the knowledge that the husband was able to achieve the highest levels during the day at 79.17 yen, its lowest level during the day at 78.94 yen

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