United World Capital Limited - page 5

 

USD slightly weaker

after Toronto summit

Chinese Yuan gets

expected value hike

Silver best

commodity bet

 

Using as basis the currency movements within last two days on the equity and bond markets,

investors have tried to be protected from any losses in case of negative USA figures

According to Eurostat presented data

Spain showed the highest unemployment level in Europe

and it indicates again Spanish economic slump

Japanese Yen is keeping growing against USD and

in the meantime USD essays to break up this trend.

 

Today during the European session USD goes up against all major currencies;

EURO/USD has not shown special reaction to the data published according to the PMI index.

It was one of the lowest week closings of USD/YEN and it proves the possibility of downside movement next months too.

GBP/USD is strengthening; the support level of the pair is 1.5115.

 

EURO continues

to stay above 1.25.

Strong YEN on

US fear for double

dip recession

High volatility in

stock and currency

markets

Reason: