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The yen maintained its safe
haven status on Tuesday and was able to strengthen against major
currencies, despite the Chinese government has injected stimulus to
restore investor confidence. Iran also has submitted a letter of
"regret" to the United Nations (UN) related to attack Saudi Arabia
embassy in Tehran that makes the Middle East kingdom broke diplomatic
relations between the two countries. Global stock indices remained weak,
despite a moderate decline compared slump inclined on Monday.
The weakening of the Japanese Nikkei index also advantageous Yen. Nikkei index of the second session stressed more than 1% following the movement of global stock markets still doubt the impact of the stimulus on People's Bank of China (PBoC).
Euro Inflation reported lower than expected to add the factors supporting the strengthening yen. Pressure on the euro in trading against the yen and the US dollar is increasing when the Eurostat preliminary calculations indicate the level of the Consumer Price Index (CPI) in Block-19 countries still drove up 0.2% in December from a year earlier. Before the data that released, economists assess the level of annual inflation in the Euro zone capable rose 0.3% at the end of last year. Monexnews
Monexnews - Kiwi increasingly depressed after international dairy prices plummeted in the first auction held this month Fonterra Co-operative Group of New Zealand, the world's largest exporter of dairy products.
My advice:
Sell @0.6740
Primary Target @0.6720 Next target should be 50 pips
Stop Loss @0.6760
If first target done, move stop loss at open position.
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My advice:
Sell @1.0860
Primary Target @1.0840 Next target should be 100 pips
Stop Loss @1.088
If first target done, move stop loss at open position.
If You like my posting, please donate me because I need it to share happiness for other people
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Use that demo account that we talked about earlier to find a
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(bizabey)
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