09.08.2004 (4.00am US Time).

COULD FED RISE RATE MORE THAN 25PB AT TUESDAY?


USD/JPY(CURRENT LEVEL 110.42) – RESULT
FRIDAY`S VERY WEAK US DATA WAS SALE OFF USD. USD/JPY FIND SUPPORT AT 109.80 REGION. CLOSE BELOW 110.70 AT FRIDAY MIGHT SUGGEST NEXT FALLS TO 109.00 REGION.. BUT IF TODAY USD COULD BACK TO 110.70 AND CLOSE THE DAY ON THIS REGION IT WOULD HELP BULLS IN NEXT BATTLE BY HIGHER REGIONS.

EUR/USD(CURRENT LEVEL 1.2260) – COURSE EUR/USD STOPPED AT 61,8 REGION, ANNULMENT OF FALL WCHICH WAS STARTED 19 JULY 2004
(EUR/USD IS LITTLE ABOVE NOW), THEY SHOULDN`T BREAK 1.2271 WHAT COULD SUGGEST NEXT RISES. THE NEAREST RESISTANCE - 1.2340/60 SUPPORT 1.2215 AND 1.2165 ( LOOK: FIBONACCI ). GENERALLY NOTHING IS IN THE WAY TO TEST 1.2460 PERHAPS FED RISE RATE BY 50 PB AND NOT BY 25PB.

USD/CHF(CURRENT LEVEL 1.2550) – BEARS KEPT VERY IMPORTANT 1.2840 REGION. NOW WE HAVE BOUNCE FROM 1.2500 REGION THE NEAREST RESISTANCES -
1.2575 AND 1.2635. WE HAVE POSIBILITY TO TEST 1.2400 REGION IN THIS WEEK.

GBP/USD(CURRENT LEVEL 1.8415) – FRIDAY`S CLOSE ABOVE 1.8390 SUGGEST RISES EVEN TO 1.8700 REGION IN THIS WEEK. SUPORT AT 1.8300 REGION.