Euro Recovers Against The Dollar Weakened By A Real Indicator :

The euro was trying to resume Friday against the dollar penalized by a real indicator disappointing reviving speculation about the timing of the reduction of future measures to support the U.S. central bank (Fed).

Around 2100 GMT (2300 Paris), the euro bought 1.3381 dollars against 1.3354 dollars on Thursday at the same time.

The single currency rose against the Japanese currency to 132.11 yen - even climbing to 24:15 GMT at 132.43 yen, its highest level in a month - against 131.80 yen Thursday.

The dollar was stable against the yen at 98.71 yen against 98.68 yen yesterday.

The greenback was pressured by the release of a disappointing indicator of real estate in the United States: Sales of new single-family homes experienced a sharp drop in July and suffered their sharpest decline in more than three years, 13.4% of transactions in less than in June.

"It really represented a cold shower for the market," commented Charles St-Arnaud of Nomura.

Real estate is in fact the sector has plunged the country into one of its most serious economic and financial crises from 2007, and its recovery is seen as essential to a real recovery.

"Following these data reflect a negative trend in the sector, some investors began to doubt the Fed announced in September a slowdown" of his recovery program to revive the economy of the United States, said Mr. St-Arnaud.

Fed injects current monthly $ 85 billion in the U.S. financial system to support a fragile recovery, injections that also have the effect of diluting the value of the greenback. But several officials of the institution have warned in recent months that they could put a stop to this program, a priori positive outlook for the dollar.

In this context of uncertainty about the future of monetary policy in the United States, traders watched Friday any comments from the three-day meeting of central bankers, which ends Saturday at Jackson Hole (Wyoming, central United States), "for clues to the future direction of the stimulus measures currently in place around the world," noted Michael Hewson, analyst at CMC Markets.

But little new information is expected on U.S. monetary policy in the absence of Fed Chairman Ben Bernanke.

The single currency was helped by a renewed optimism about the strength of the economic recovery in the euro zone, thanks to the publication of positive signs in Germany and Britain after the next announcement on the eve of an increase faster than expected in August of private activity in the euro area.

Germany has indeed displayed in the first half of this year a surplus in public finances of 0.6% of gross domestic product (GDP) in favor of a carrier environment, when the UK GDP growth in the second quarter was revised upwards to 0.7%.

"The recovery is still very fragile (...) but there are very encouraging signs," said Craig Erlam, an analyst at Alpari UK.

Around 2100 GMT, the British pound fell against the euro at 85.96 pence per euro, as against the greenback at 1.5563 dollar per pound.

The Swiss franc was stable against the euro at 1.2330 Swiss francs to the euro and rose against the dollar at 0.9212 Swiss francs to the dollar.

The ounce of gold finished at $ 1,377.50 at auction tonight against 1375.50 dollars Thursday.

The Chinese currency finished at 6.1220 yuan against one dollar for 6.1213 yuan yesterday.

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         During Friday classes Thursday

         2100 GMT                 2100 GMT

   EUR / USD 1.3381              1.3354
   EUR / JPY 132.11               131.80
   EUR / CHF 1.2330              1.2327
   EUR / GBP 0.8596              0.8567
   USD / JPY 98.71                    98.68
   USD / CHF 0.9212              0.9230
   GBP / USD 1.5563              1.5586

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USA: Large correction of new home sales, EUR / USD higher on a brand forex :

Bad news in the United States on the side of the housing market with sales of new housing collapse a month on the other falling from 13.4%, while the consensus expected a modest 1.4% decline. This is the largest monthly decline since May 2010. Sales growth first calculated at 8.3% the previous month is revised down to only 3.6%. Year on year, sales of new housing stood at 394,000 against 490,000 previously anticipated and 455,000 (revised down from 497,000). Advanced by the Governor Bullard earlier referring to the increase in mortgage rates would she fears being materialize? The reaction is immediate with the forex EUR / USD pair is back on 1.3360 resistance could not resist for long.

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Forex - EUR / USD: The trend is uncertain, traders are wary of Jakcson Hole :

Little animation during the Asian session, the USD cross EUR / remaining near the MM100 (1h) after the script ensures that the yoyo forex plunges into perplexity. Recall that it was largely disappointed at the weekly unemployment figures that allowed a bull to score highest significant testing the 1.3360. This morning the German GDP second estimate, completed by the detail of GDP has not reacted traders because the figures have remained unchanged. Up 0.7% from one quarter to the next and 0.9% yoy. Domestic consumption accounted for 0.5%, construction spending 0.3% and 0.2% in the trade balance. Figures therefore relatively balanced. Note also that the governor of Austria's central bank, Mr Nowotny said that recent economic data departed the need for a further reduction in the ECB rate. Today forex traders will pay attention to the English growth to 10.30 but also reserves Dollar Brazil since the central bank announced the establishment of an intervention program on the forex to protect its currency. Indeed, the currencies of emerging countries are heavily heckled on forex due to imminent reversal of monetary policy from the Fed. We are preparing a paper on the subject of PFX to appear in the morning. Sales of new homes then dictate the trend this afternoon and we will keep an eye on consumer confidence in the euro zone to 16h. From a graphical point of view the trend is uncertain, and caution should be used as every Friday due to profit taking and unwinding weekend. Indeed, Jackson Hole this weekend could promise a hectic opening forex Sunday. The pair is now moving around 1.3345 on the forex.

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Forex - EUR / USD up during U.S. session :

 

The Euro was higher against the U.S. Dollar on Friday.

EUR / USD was trading at 1.3386, up 0.23% at time of writing.

The pair was likely to find support at 1.3298, Thursday's low, and resistance at 1.3452, Tuesday's high.

Furthermore, the Euro was up against the British Pound and the Japanese Yen, the EUR / GBP gaining 0.32% to hit 0.8595 and EUR / JPY rising 0.16% to hit 132,02

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Our Test Of The Forex Trading Platform Plus500 :

Plus500 is a platform that offers to trade with the entire range of classical instruments with no commission and leverage that reaches 1:50 (standard in the U.S.). In addition to traditional instruments, there are the traditional indices (national index) and ETFs that are young, sophisticated products.

If there is no commission may worry some investors, we reassure them by telling them that the brokerage firm is regulated by the Financial Services Authority (FSA), the UK regulator of financial markets. This license guarantees the safety of invested funds which the minimum is only 100 euros to open a forex trading account.

A forex platform ideal for beginners

The platform is built around four main tabs distinctly presented.

The first entitled "Negotiations" displays the current major currencies along with a graphical analysis in real time. Meanwhile, a window summarizes the arsenal of products available with specific distinctions (for geographical CFD / shares). For forex, currencies fall into three classes: major, minor and major II. A distinction that can get an idea about the composition of the market and target pairs used most, those whose liquidity is the most important and which are normally easier to trade.

We then find the three remaining tabs with formulas could not be more explicit: Open Positions, Closed Positions and Orders.

The execution of a transaction, very simple, generates a window that integrates real-time quotes, volume and options of limitations (profit or loss). Note that this device is ideal for novices trading because it requires no great effort of understanding.

Some areas for improvement

Plus500 remains an ideal tool for novice traders. However, we may regret the absence of some analytical tools that would be handy to supplement those already provided. Examples include more information macroeconomic and certainly some records further explaining certain principles of forex trading. An ebook training example.

Still, for a novice trader, Plus500 appears as one of the leading platforms in particular because of ease of use and control compared to certain trading platforms more sophisticated but less intuitive and can put off many individuals knowing only some knowledge of forex.

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Forex - U.S. dollar keeps his hand against the pound sterling and the yen :

Forexpros - The U.S. dollar remained as against most of its counterparts on Wednesday afternoon, flying to a peak of eight months compared to its counterpart in Britain, in the shadow of the spectrum of new flexibilities following the account of the Bank of England, varying little faces the Japanese after the revelation of American real estate performance mixed.

In the second part of the European session, the pound has fallen to him to his deepest rut since June, with GBP / USD shedding 0.74% to hit 1.5312.

The minutes of the meeting of the Governing Council of the Bank of England that took place in February showed indeed that its members had voted three against six on the possible increase in the amount of its asset purchases from 375 up to GBP 400 billion, with the option for Mervyn King, the governor, and finally abandoned.

The previous had seen to be favorable to the status quo against an eight.

An official study pointed to it when 12,500 job seekers registered under the country in January, instead of the expected 5000.

The national unemployment rate of 7.7 However trembled to 7.8% in December, while a stagnation was expected.

It was the same with the yen, but more modestly, with USD / JPY munching 0.06% to hit 93.63.

The attention always focused on the nominees vying for the position of the next governor of the Bank of Japan, Masaaki Shirakawa after, currently occupying the site, has been criticized by Shinzo Abe, Prime Minister of return, considering that does not go far enough in the fight against deflation.

The currency of the country of the rising sun has other little changed after a government study has indicated that at the dawn of its foreign trade deficit has established in January 1629 to a record high trillion yen.

However, it was noted that exports were growing by 6.4% a year over year, their first start in eight months.

Information from U.S. authorities revealed to them that when the number of building permits issued in January rose by 1.8% to stand at 925,000 after seasonal adjustment, surpassing the 1.2% approached for a total of 915,000.

But 8.5% launches sites were less unfortunate at the same time, to $ 890,000, instead of the 3.6% estimated 925,000.

Another report noted that the costs of domestic production took 0.2% over the same period, constituting their first start in four months.

The greenback also gained a few inches against the euro, with EUR / USD snatch leaving 0.07% to 1.3379 slip.

The single currency was still in the spotlight, with the approach of the Italian legislative elections on the horizon at the end of the month, fearing that a parliament without a clear majority could hamper the progress of economic reforms.

The Swiss franc has also suffered its pressure, the USD / CHF quivering 0.04% to hit 0.9229.

The currency of the United States has also dominated its Canadian, Australian and New Zealand counterparts, with USD / CAD pocketing up to 0.34% to 1.0149, AUD / USD shedding 0.4% to hit 1.0314 and NZD / USD tumbling 1.15% to hit the bottom at 0.8372.

The latter had lost his footing after Graeme Wheeler, head of the Reserve Bank of New Zealand, has said it was overvalued and that it stood ready to intervene.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.18% to stand at 80.7.

Eyes were now leveled to the detailed account of the course taken by the Federal Reserve from January, amid rumors on the period during which it intends to maintain its program of capital injections.

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The Euro Gained Some Ground Against The Dollar, The Market Scrutinizes The U.S :

The euro gained some ground against the dollar Friday, in a market with little direction in the expectation of employment figures and unemployment in the United States for July, after the disappointment caused by the absence of ads of the strong European Central Bank (ECB).

Around 0930 GMT (11:30 in Paris), the euro bought 1.2223 dollars against 1.2178 dollars Thursday at 2100 GMT.

The euro rose also against the yen at 95.61 yen against 95.26 yen yesterday.

The dollar steadied against the Japanese currency to 78.22 yen as Thursday night.

"The ECB president Mario Draghi has disappointed the foreign exchange market Thursday", noted analysts at Commerzbank.

The euro initially rose sharply Thursday - up to 1.2405 dollars, its highest level since July 5 - when Mr. Draghi was speaking at a press conference following the monetary policy meeting of August in the insititution during which it maintained its key interest rate unchanged at 0.75%.

Indeed, the euro was supported by the fact that Mr. Draghi said that the ECB could intervene in the bond market, "but it later became clear that it was only a statement of intent with no timetable set and more subject to conditions, "they explained at Commerzbank.

The euro has left in sharp decline, losing more than two hundred in just a few minutes, and the yield on bonds in Italy and Spain to 10 years have greatly strained.

"Central banks around the world seem to have embarked on a path of inaction this week and the inability of Mr. Draghi to provide a miracle cure has been sanctioned by sharp declines" in the markets, watching Brenda Kelly , an analyst at CMC Markets.

By opting Wednesday for a status quo on monetary policy, the U.S. Federal Reserve (Fed) was also disappointed the expectations of traders who hoped to see clear signals of new measures to help an economy whose recovery shows signs of shortness of breath.

Traders awaited the release Friday of the official report for July on employment and unemployment in the U.S., a major indicator to assess the strength of the recovery of the world's largest economy.

"The U.S. employment is the last big event (economic) of the week," noted Greg Anderson, an analyst at CitiFX, and "as the agenda is quiet next week, it could set the tone for trade" for the day, or even a fortnight to come.

Around 0930 GMT, the British pound fell against the euro at 78.61 pence per euro but rose against the greenback at 1.5548 dollar.

The Swiss franc was stable against the euro at 1.2011 Swiss francs to the euro and rose against the dollar at 0.9827 Swiss francs to the dollar.

The ounce of gold was worth 1593.95 dollars against 1,597 dollars Thursday night.

   During Thursday Friday Classes

    0930 GMT 2100 GMT

   EUR / USD 1.2223 1.2178

   EUR / JPY 95.61 95.26

   EUR / CHF 1.2011 1.2011

   EUR / GBP 0.7861 0.7849

   USD / JPY 78.22 78.22

   USD / CHF 0.9827 0.9862

   GBP / USD 1.5548 1.5511

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