Goldman Sachs boosted the event the issue of Greece to suppress the yen euro
Following the Securities and Exchange Commission last Friday to prosecute fraud largest investor after the investment bank Goldman Sachs yesterday, Goldman Sachs, British Prime Minister Gordon Brown called for an investigation. Goldman Sachs said the incident demonstrated on the moral bankruptcy shocked. German government spokesman also said the SEC will obtain the file information, consider whether proceedings. Goldman Sachs was charged with fraud more and more serious investors to reduce risk, reduce the carry trade, low interest financing to stimulate the Japanese yen rally. Today, the dollar fell to 91.61 yen, but then continued to rise slowly to short-term resistance below 92.50. Japan's own economic recovery by the bad and deflation problem, and expected long-term trend of the yen is still down. Goldman Sachs shares last Friday fell to 155 from the 185 U.S. dollars today after a little back up to around 163. Although the vast sound of the outside world accused Goldman Sachs, but involved a large amount of trading volume than the Goldman Sachs is very small, so think of this event may be caused by Goldman Sachs and other banks have limited impact. It is expected that the market risk appetite will be restored as the market to shift the focus, then the yen carry trade will continue to be the pressure.
Scheduled to be held today, convened by the Greek and the European Union, the European Central Bank and the International Monetary Fund's meeting was postponed because of volcanic ash affecting flights to Wednesday, was today engaged in preliminary discussions by telephone. Greece 10-year bonds over similar German bond yield 福汇spreads between the 32 basis points today to continue to rise, reaching 462 basis points. The difference between yields on Greece to expand that market concerns about increased debt, more income before they are willing to take risks. The euro against the dollar today, 1.34-1.35 ranges. Currency now very sensitive to any news of Greece, we will continue to focus on the dynamic from the euro zone.
The next concern is that the Australian central bank meeting, Germany in March producer price index (expected 0.4%, prev 0.0%), the United Kingdom in March consumer price index (expected 0.3%, prev 0.4%), Germany 4 month ZEW economic sentiment index (expected 45.1, prev 44.5), Germany April ZEW current conditions index (expected -48.0, the former value of -51.9), Canada in April interest rate decision (expected to remain unchanged at 0.25%).
EURUSD resistance at 1.35, 1.3530 and 1.3550, followed by 1.36 and 1.3650. Support starts at 1.3450, followed 1.34,1.3350 and 1.3320. Stronger support seen at 1.33.
GBPUSD resistance at 1.5350,1.54 and 1.5450, followed by 1.5480 and 1.55. Support starts 1.53,1.5250 and 1.52. Followed by 1.5170 and 1.5150.
USDJPY resistance at 92.50,92.80 and 93, followed 93.40,93.80 and 94. Support starts at 92 and 91.60, followed by 91.30. Stronger support in the 91 and 90.50.
The above information is for reference only, not as a business decision based on the information does not guarantee the accuracy, reliability, or the latest person. MG will not directly or indirectly, to investors the loss of any liability.
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