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FX.co ★ Fundamental Analysis, January, 13 / 2012

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Forex Analysis:::2012-01-13T13:37:07

Fundamental Analysis, January, 13 / 2012

After the presentation on Thursday the European Central Bank president, Mario Draghi, the markets were filled with, for us, unfounded optimism that led the New York Stock Exchange to raise positions at the end of your session, and the European currencies to gain ground against the dollar.

This "wave" has been distorted in the last hours, and the euro fell back below 1.28, with the pound sterling, which has been shown after weaker than the euro in recent days, falling well high speed.

Unlike the case of the Australian dollar, which yields 1.03, favored by the rise of an ounce of gold, but has resumed an upward trend does not seem to sustain over time. We believe that gold could fall to the area of ​​$ 1530 per ounce before making a long-term bullish direction.

Meanwhile, oil is recomposed after a negative day, which was not poured by the tension which exists in several of the major producers.

Request data weekly U.S. unemployment, which rose far above expectations this week, along with a disappointing 0.1% increase in retail sales, gave impetus to the bottom of the barrel, which is listed at the time to less than $ 100.

This explains, in part, lower than yesterday also observed in the Canadian dollar, which is recomposed slowly right now.

Today the U.S. economy will again test: will be announced in December's trade balance, no major changes planned, at 8:30 Eastern, and the preliminary index of consumer sentiment from the University of Michigan / Reuters, at 9: 55, which are the most important economic data of the day.

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