Daily Forex News
Traders Trust - Daily Technical Analysis
Daily Report 14/04/2011
Euro Well Supported

The dollar initially strengthened against the EUR and the AUD after the Monetary Authority of Singapore tightened policy by less than expected. However, the dollar's gains were quickly erased at the end of the Asia session when local media sources unofficially released a batch of China data ahead of time. CPI was slightly stronger than expected which raises the risk of further policy tightening. However, new loan growth and retail sales were strong, suggesting little sign of a slowdown in China and helping to boost global risk appetite. The Beige Book and retail sales data helped the dollar briefly. The Beige Book noted the economy is expanding, with widespread gains in February and March along with upbeat reports on the near-term outlook.

In Europe, ECB rhetoric levels seemed to increase over the past 24 hours. Belgium's Central Bank Governor Coene, referring to the recent ECB press conference, said that "Trichet gave a signal that the ECB hike was not a one-off" and it should "not be seen as a totally isolated decision". ECB Executive Board member Stark said that raising short term interest rates would not have much of an effect on economies in the Eurozone's periphery, implying once again that the economic difficulties on the periphery are no obstacle to future hikes. Greek Finance Minister Papaconstantinou said a debt restructuring would shut Greece out of the debt markets for a long time, while German Finance Minister Schaeuble said he is awaiting "a detailed analysis on the debt sustainability of Greece" and that if this report concludes that sustainability is in doubt "something must be done about it."

 

Technical Analysis:

Technical Analysis

Technical Analysis

Technical Analysis



Start Now

Successful trading
The Traders Trust Team


Open an Account
Trading Benefits
  • Minimum deposit $100
  • STP - No Dealing Desk
  • MT4 Trading Platform
  • Low Spreads and Leverage up to 1:500
  • EA, Hedging and scalping friendly
  • Islamic Account
Contact Us
Technical Analysis
 
Address: 6 Regas Fereos & Vasili Vryonidi Street, City Chambers, 4th Floor, 3095 Limassol, Cyprus
Tel: +357-97-820-102, Fax: +357-25-20-7007
Email: support@traders-trust.com, Web: www.traders-trust.com
TTCM Traders Trust Capital Markets Limited regulated and authorised by the CySEC (licence no. 107/09)

Disclaimer

This e-mail is intended solely for the indicated recipient(s). It may contain privileged and/or confidential information. If you are not one of the intended recipients, please notify the sender immediately and destroy this e-mail; you must not copy, distribute or take any action in reliance on the information contained within. Whilst all efforts are made to safeguard inbound and outbound e-mails, TTCM LTD cannot guarantee that attachments are virus free or compatible with your software and declines any liability in respect to viruses or computer problems experienced. Any views expressed in this message are those of the individual sender, except where specifically stated to be the view of TTCM LTD, its subsidiaries or associates. Additionally TTCM LTD declines any liability connected with losses incurred on transactions based on any market information and/or opinions contained within this e-mail.

We operates in a clean and fair manner that holds true to the principal of transparency. The client's peace of mind is our number one goal and we have employed the most advanced means available to ensure this. You receive this Newsletter since you, or someone else, is a subscribed member with this Newsletter