No significant changes are taking place on Wednesday the European session, the currency market.
Except for the euro, which is still without a clear trend, the dollar is taking some strength against other currencies leaders, and stand out in this context its growth against the yen, which fell from 80 units in the last hour minimum value since mid- July.
Of course, the weak yen leads to lose ground against the euro too, which is still slightly firmer against the dollar and pound sterling to a lesser extent, as the low, who has been the same since the beginning of European session.
It is also remarkable the strength that has an ounce of gold, and oil, not yet filled a gap left in the Asian session on Monday, so it does not provide for $ 105.00, but no one is stronger.
At this point there is a growing concern in Europe. It is known dependence of the old continent with imports of oil which do not produce, and recently suspended as a measure of pressure, its commercial ties with Iran.
It is naive to believe that Europe will run out of oil, just because Iran did not send it, and that Iran will stop selling oil. These maneuvers are always speculative, and ultimately seek to increase the price of oil is too old.
For Europe to get the same oil from Iran, just enough that it will sell the crude to a country outside Europe and that Europe will not buy another country, other costs of course. If that was the concern should not be.
Gold also strengthens in these times, and positions with the upward trend in short-term charts, and search the area at $ 1,800. It is known that one ounce not long to go 20 or $ 30, and any shocking news could have that effect these days, something tumultuous markets.
No major reports to be published, the most relevant and was released in Europe, and certainly has not been encouraging, with European exchanges operate down to another day and the Dow Jones index futures to move away, down from the heights Monday, the rest of the day presented with good business opportunities in the short term charts.
Performed by Gerardo Porras, Analytical expert
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