Euro and Pound declined against USD Dollar

Dollar is appreciated against Euro and Pound on this Tuesday morning opening trade in New York Exchange Market. Declined against Dollar was started yesterday, Indonesia Times Zone. Brokers and Markets have been seeing the G8 Meeting, especially after Bush announced that FED and Federal are behind screen to support Dollar.

Yesterday, in my live trading Marketiva, Euro and Pound was declined more than 100 pips and now the trend still goes on. America is in Greenback reborn after celebrating their Independence Day on July 4th four days ago.

But Dollar can’t move faster and unlimited moving after Euro is fixed by Euro Central Bank at 1.5730/USD and available on previous Thursday a day before the American Independence Day. USD Dollar also strikes JPY Japan. Dollar was opened at 107.10 JPY from Thursday Closing time 105.84. Phenomenal Greenback is happened after Bush said that Government supports the strongest USD and report good news about American Reborn after Financial Crisis Storm.

Bank of Tokyo-Mitsubishi UFJ’ Analyst Osamu Takashima said that Bush Statement on pre-Opening G8 Meeting is only came from his position as President and also came from the Legal Statement. It doesn’t matter, but the important is Bush must restate his statement in the Meeting. Another analyst Kathy Lien from Forex Capital Management said that Brokers haven’t estimate possibility that Greenback is the main factor; otherwise she said that that Brokers are looking new sign, to profit or loss. Analysts agreed that Bush Statement is temporary times. Dollar is strong based on this statement but Bush can’t guarantee that Dollar will continue Strong against major currencies.

Markets stay for a while to see because G8 are also represented senior monetary chief from G8 countries, and FED’ Governor Ben Bernanke also talks in front American Congress on Thursday

Besides that, Germany Industry booked biggest lost in the last 11 years on Mei Data. Legal Data on Monday indicated that Germany had been recessing on second quarter this year. Data reported that Production from Industry sector is declined 2.4 percent on April. Germany Economic Minister claimed that this recession is only temporary fluctuation (Conjunction Trend). England Manufactory Data, published on Mei is also declined. National Statistic Department’ staff said that Manufactory is declined 0.5 percent on between April to Mei and Accumulating 0.8 percent in 12 months based estimating point.

Lowering 0.5 percent rose new fact that England has potentially down to crisis. The statement was said by Capital Economic Analyst Paul Dales.

Thursday closing time in New York Stock Market, Dollar is 1.0260 franc Swiss, and 1.9765 Pound.