Daily Forex Technicals

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U.S. indexes are closed Wednesday with gains in all after the publication of the Beige Book Federal Reserve. The document (which is published approximately every six weeks) finds that the U.S. economy continues to grow at a moderate pace, but there are signs that prove the slowdown.

The paper shows that upward pressure on prices remains limited in most categories of products and services, while wage pressures remain under control.

On the other hand suggests that, on average, household expenditure increased, but consumers given the difficult circumstances limited their expenses, with the exception of essential products.

Moreover, U.S. President Barack Obama, announced yesterday several proposals to give tax breaks to companies investing in equipment and facilities, and alluded to the need to remove existing tax breaks that benefit the wealthy.

In the foreign exchange market saw a decline in the dollar against the major pairs traded, the yen maintains its appreciation against the currencies traded, gold closed at opening area in 1255 dollars an ounce, while the Loonie was strengthened with the increase Bank of Canada rates (first G7 country to take this.)

In this new day Thursday, the Monetary Policy Committee Bank of England has decided to keep interest rates at 0.5%, in a decision in line with market forecasts. The rates are kept at the same level since March 2009. In addition, the Trade Balance met from United Kingdom with a further fall to 8.7 billion, compared with the estimated fall of 7.5 B.

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