Euro still stuck on 1.3619 resistance

Euro still stuck on 1.3619 resistance. Even EURO release important data on Unemployment Change of Spain which showed more reduction in the unemployment rate in Spain. Not making the market too much to hope that the data release.

Market seems to prefer to wait and see up to 18 December. Prudence in open market transactions EURO currency position may still be waiting for a very precise moment. Possible market prefer to open transactions when non-farm payrolls later Friday .

Creation of new jobs outside agriculture provide a strong influence on the strengthening U.S. dollar if the data released its higher growth, and if the data was released unemployment also increases the effect of the currency against the U.S. dollar itself and lead to U.S. dollar become weakened against other currencies.

New jobs is an important indicator for consumer spending and a lot of his money circulating in the community so that when the number of new jobs resulting in its growing economy and increasing purchasing power automatically raise the standard of living and increase the value of the country's own currency.

Viewing forecast of actual lucrative market to be in the release by the U.S. from 130K to 172K this data is very important.

Most likely will not market actors wasted this opportunity to take advantage moment. If the data released by the U.S. as it can be ascertained strengthening forecast will happen to the dollar and Euro currency could slide deeper into the price again to 1.3291.

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Ditulis oleh William Perkasa pada tanggal Dec 4, 2013