Trend Analysis: Euro heavy upward pressure
Technical point of view, the euro rebounded in 1.3350 suppressed under the subsequent U-turn down, suggesting continued downward trend. Short-term resistance at 1.3260, its hard to break, the period of any rebound will be used as a new selling opportunity, target 1.3100/1.3060. The early part of this week to sell rallies strategy, the euro has the risk of first bottom. Support at 1.3170 and a break signal is lower.
Although the euro zone finance ministers to reach 110 billion euros for emergency relief program to help tide over Greece, also hopes to prevent the credit crisis to Spain, Portugal and other regions proliferation, but investors questioned the final results of the implementation exists, while worried about the agreement again, just stay on the surface, there is substantial progress is difficult, the euro has not received support, but faced pressure from selling rallies. In addition, U.S. manufacturing data released, showing strong signs of recovery, and rose to the highest since June 2004, suggesting the global economy is a step by step from the mud, the new economic cycle is started, with the economic data for the healthy growth of national economies will gradually recovered to pre-crisis levels, with inflationary pressures gradually revealed, the world will enter the interest rate channel. Obviously the Fed will raise interest rates in the second half to open the door, and sovereign credit risk involved, obviously the euro zone's economic growth situation is far weaker than the United States, making the funds will be re-turned to the United States to obtain more substantial gains, the euro Central Bank rate hike, the dollar under pressure.
福汇亚洲 (责任编辑：admin) |
