The Political Uncertainty That Destroy The Euro

The Euro plummeted to the lowest level 4-months against the US Dollar on Tuesday amid fears that a new outbreak of political uncertainties in Greece and the turn of the President of France will be threatening discourse of savings is seen as the key to tackling the debt crisis in the Euro zone. Euro mired below psychological $ 1.30 after left-wing Coalition Party leaders said that the commitment of the State of Greece Greece bailout deal to Eu/IMF cancel, leaving the question of the ability of Greece to avoid defaults and persist in block 17 of those countries.

"Euro react negatively to the news from Greece, although some of what it says has been previously thought," said Camilla Sutton, Chief currency analyst at Scotia Capital in Toronto. "Political Risk still put the Euro in a very vulnerable position. The closure of the daily newspaper under the lowest level Monday at $ 1.2955 a potentially urgent technical territory bearish. " In the meantime, Francois Hollande President-elect plan France to focus more on growth in the debt crisis at risk of creating tension with Germany leading fiscal austerity program.

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Technical Analysis Online Trading 09 May 2012

EUR/USD on the 4 hour chart, the descent of Moving Average 50-100-200 will keep a weakening euro in bearish channel. Beware of the daily closing level below 1.2955 because it can open next fall in targetted opportunities 1.2624 (lowest price 13 January). Accession would provide an opportunity for RSI rises but increase limited to correction and may be hindered by the upper limit of the bearish channel. 1.3065 and 1.3104 (highest price 8 May and lowest April 23rd) is resistant. 1.2955 and 1.2700 (lowest price 10 and 12 January) is the support.

GBP/USD On the 4 hour chart, the bearish sentiment still naungi sterling as the price is still trapped inside a bearish channel. Beware of the decrease under 1.6110 (near the Moving Average 100) because it can open up opportunities fall toward the 200 Moving Average. Accession will provide opportunities for RSI indicator correction went up but the rally will be intercepted by an upper limit on the bearish channel. 1.6200 and 1.6240 (the highest price of 8 and 2 may) is the resistance. 1.6110 and 1.6060 (lowest price may 7th, and April 2) is support.

AUD/USD on the 4 hour chart, the descent of MA 50-100-200 will keep your aussie attenuation in a bearish channel. There are chances of correction went up as the stochastics are oversold area; However the potential rally limited up to an upper limit on the bearish channel. 1.0175 and 1.0220 (4 May and lowest price highest may 8) is resistance. 1.0045 and 1.0000 (lowest price December 29, and psychological level) is support.

XAU/LOCO from the perspective of daily prices are in phase looks bearish, break down as support nearest 1595 will trigger further bearish momentum towards 1580 or even area of 1562. Nearby there are resistant around 1616 area, followed by the area of 1629 and 1639.

The Bias is still bearish HANGSENG INDEX in the short term, break down 20160 area will bring the hang seng dropped to test the psychological support at 20000. The nearest extant in resistant areas 20410, break into this area of the katas can trigger a bullish correction toward 20670 area.

The NIKKEI INDEX bearish Bias since the price break down MA100 on daily chart two days ago is still heading area 8910 especially if prices can break through the psychological support at 9000. Nearby there are around resistant area 9160, break up this area will bring up the nikkei to test the area around MA100 9260.

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Market Review of The U.S 09 May 2012

The Euro weakened for the seventh session in a row against the dollar on Tuesday in the anxiety that uncertainty of politics in Greece and the change of leaders in France could threaten plans for tightening is considered key in tackling the debt crisis in the European zone, which also hit the gold to go down to near $ 1,600 and area of crude oil dropped to the fifth day in a row. While Wall Street was also closed in negative area as uncertainty in Greece make investors reluctant to enter the stock exchange.

Economic Data today is BRC retail sales monitor from the United Kingdom, the leading indicator of Japan, Germany's trade balance, the balance of trade of France, crude oil inventories from the us as well as to report earnings from Toyota, AOL, Dean Foods, Macy 's, Cisco, Activision Blizzard, it's NewsCorp, and Priceline.com.

EUR/USD closing 1.3005, high 1.3065, low 1.2981 XAUUSD, C:1605.40, H:1638.90, L:1595.80, CO-S c: 97.41, H: 98.12 L: 89.42. Dow C: 12867, H: 12975, L:12755.

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