Anticipation of the outcome of the elections and the meeting of the Federal Open Market

Anticipation of the outcome of the elections and the meeting of

the Federal Open Market

Financial markets are very cautious in anticipation of the outcome of American elections that are seen to the initial results that the Republican Party had grabbed a majority in parliament and several other seats in the Senate, which Democrats still retain a majority in it. On the economic front, the Committee's meeting will be held today, the Federal Open Market is a very important meeting will have a great impact on the money market today. And economic analysts say 53 of the 56 analysts surveyed by Bloomberg site views that policy-makers Sielon for quantitative easing, which is long overdue. Nevertheless, 29 of the analysts said that the members of the FOMC will announce a plan to stimulate Blaine $ 500 dollars, while analysts predicted that 7 facilities that are much lower and ranged between 50-100 one billion per month, while the remaining 17 did not disclose any figures in this regard because of three federal officials apparently are not convinced of the impact of these facilities.  

What is Forex?

What is Forex?

The word "Forex" means short, the foreign exchange market or the global stock of foreign money which would fit the word "FOReign EXchange market" in the English language. And be speculation by buying and selling of major currencies, which possess the basic share from operations in the forex market is the U.S. dollar (USD) (base currency) and the euro (EUR) and pound sterling (GBP) and Swiss franc (CHF) and Japanese Yen (JPY).
And are buying and selling of those currencies in U.S. dollars or other currencies, among them the so-called currency pairs, and so against the U.S. dollar or any currency against another currency value. And considered speculative currency trade on the stock market, and also the most risky, because of rapid fluctuations in the currency of the upward trend to trend downward, or vice versa. In addition to the currency market there are other types of stock exchanges are: gold, silver, Petroleum Exchange, shares and bonds, agricultural crops and energy. The currency exchanges are characterized by various indicators and technical analysis, news analysis and rapid access to profits.

Decline in gold with a wave of profit taking before the decision of the U.S. Federal

Decline in gold with a wave of profit taking before the decision of the U.S. Federal

Economic Scene

Dropped gold today with a wave of profit taking and the wide range of investors in anticipation of the outcome of the report of the meeting of the Fed last, while reducing Federal officials of the importance of needing the central banks of the completion of pumping more money into the market to buy government debt to revive the economy, which Siwkdh or deny the report financial policies of assessments for the meeting of the Central Bank of the latter.
Gold had opened the dealings of the day at $ 1,353.80 so high, $ 1,355.17 before falling to the level of $ 1,340.58 and closed slightly higher at $ 1,350.13 amid trading volatile and weak relative to the volume of applications, which is involved with it when the price of silver fell to $ 22.91 from the opening price at $ 23.27 before closing slightly higher at $ 23.30.
The head of the Central Bank of Kansas City, "Thomas Hoenj," and who opposed the year-round policy of financial facilities pursued by the Board, has announced his position today and said that any facilities of a new financial will be useless and may lead to spark inflation, while the said "James Pollard," Branch Chief Central Bank of the City of St. Louis on Friday that the Fed will face a difficult decision about whether to continue pumping in money to revive the market which is growing slowly.
The dollar was completed today, rising for a second day in a row against the euro and a basket of currencies with the increase in the number of investors who are convinced that the recent dollar decline was exaggerated in a short time, with expectations Bartdadh announced if the Fed for not providing more facilities.
However, still many analysts expect that gold did not end the rise, despite the patch which is going through, the report showed a bank, "Goldman Sachs" the latter that the slowdown in economic growth with the possibility of the existence of a second round of those extended and liquidity have changed the expectation of future prices of gold during the year next to the $ 1,650 an ounce from $ 1,365 signed by the former

 

Technical Analysis

 

Dollar fails to maintain the gains

Dollar fails to maintain the gains

Inability of the U.S. dollar to maintain the gains made on Tuesday after arriving to its highest level during the week. The Committee's comments did not succeed Federal Open Market of the support the dollar, despite many statements that pointed out that "many of the participants felt it appropriate to provide further financial facilities," If you can not stimulus plan to reduce the number of unemployed or reduce inflation. Thus, the higher the EUR / USD today during the Asian session near its highest level since 8 months about 1.3977. The pair GBP / USD has risen and the other is currently trading around the 1.5834 level.

Chart indicates that the EUR / USD was able to resume high yesterday and is currently trading around the 1.3950 level within the model is expected to continue rising today also targeting the 1.4000 psychological level is not affected if the husband signs the negative phenomenon on the Stochastic indicator. It is expected this day to range trading between 1.3890 support level and resistance level at 1.4150.