Mitigate market risk sentiment the Fed comments
But the pound is still optimistic about the trend of the market outlook
The Fed announced Wednesday to keep interest rates unchanged at 0-0.25% range, and again reiterated that interest rates will remain low in the longer period, but its economic recovery and job market are more optimistic about the remarks. The Fed said economic activity continued to increase, the job market began to improve, bank lending continued to shrink, but the instant market still support economic growth.
After the Fed's upbeat comments, although the market risk sentiment, the pound against the U.S. dollar rebounded from lows, but the British political uncertainty, still makes the market trend of the market outlook is not optimistic pounds. BNP Paribas noted that the S & P lowered the overnight ratings of Spain, once the pressure brought to the pound, the British government debt levels, the net deficit, and budget reports are produced in Spain. If the United Kingdom general election TV debate tonight, the Conservative Party can not reverse the disadvantage in the polls, will bring more heavy pressure on sterling.
The Fed reiterated that it would keep interest rates low for some time in the history of the language, mainly because of low inflation and high unemployment, the Fed said that in a period of time inflation will be moderate, because the resources of a large number of idle cost pressure is limited, it said, FOMC will pay close attention to the economic outlook, when necessary, use of policy instruments to promote recovery and price stability.
Pound against the dollar on map:
On the figure, the pound against the dollar Tuesday pulled out a large shade below the 50-day, dollar slid to 1.5123 in April a new point, the Fed issued a relatively upbeat comments, the market risk can be improved, the exchange rate moderate rebound, but the pound against the dollar the market outlook remains optimistic, followed by the top are arranged, presented short order, to bring downward pressure on the exchange rate, and the other under the MACD indicator still signs of wear 0 axis, and the downward trend is still of random directions; political aspects of the British general election is also on the exchange rate movements caused great uncertainty. Below the short-term support at 1.5127 dollar, above resistance at 1.5354,1.5380.
Released this week of key economic data:
At half past eight p.m. on the April 30 quarter U.S. GDP rate of terminal value
At half past eight p.m. on the April 30 final value of the U.S. GDP Price Index for quarter rate
At 9:45 p.m. on the 30 April Chicago Purchasing Managers Index
At 9:55 p.m. on the 30 April University of Michigan consumer confidence index revised
Important to support resistance:
Money on
Support
Support the position description
Resistance
Resistance described
GBP / USD: 1.5241
1.5127
★ ★
1.5500
★ ★ ★
1.5000
★ ★ ★
1.5380
★ ★ ★
1.4781
★ ★ ★
1.5350
★ ★ ★
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