Euro market outlook will continue to decline target bit 1.18
Unexpected decline in the property market data shows that the U.S. housing market recovery, there are many uncertainties. In addition, the U.S. Federal Reserve Bank of Richmond integrated manufacturing index for June is 23, less than last month, which explains the U.S. economic recovery is not stable, leading European stock markets fell sharply heating market risk aversion, resulting in lay- U.S. dollar and yen currency risk by the market once again sought after, and high-risk money market sell-off was again significantly decreased. From the technical chart perspective, the rising trend of the dollar index remains well below the support of its 85 tracks in the vicinity of Bryn vaginal discharge, above resistance around 86.91 in the 14-day moving average, it is expected that the market outlook, U.S. dollar index will continue to rise.
Tuesday as the Asia-Pacific stock market downturn, market risk sentiment began to deteriorate, the non-US currency, after a brief rise, began to fall and the dollar and the yen is being lifted up there. Oslo this week, British Chancellor of the Exchequer on the second cut economic growth and public borrowing is expected to announce value-added tax rate from next year up to 20%, and banks began levying income tax, to cut a record peacetime deficit. Meanwhile, the British debt Authority said it will issue government bonds in fiscal year 2010/11 amounts to 20.2 billion pounds cut 1,650 billion pounds. As the new government budget eased market concerns about the UK financial and rating agencies will not be expected to lower the country's sovereign rating, which makes the pound reversed the decline, and led a round of high-risk money to start a rebound. But did not last long, National Association of Realtors (NAR) Tuesday announced that the United States in May home sales fell 2.2%, the annual rate of 5.66 million, not as market expectations, and last month of data.
EUR / USD: Low: 1.2248 High: 1.2353 close: 1.2262
Latest data showed the euro zone consumer confidence index in June rose slightly to minus 17.3, but little boost against the euro because the euro zone published 4 new seasonally adjusted current account deficit was 1.5 billion euros, while the March regular account deficit to a surplus of 1.5 billion euros, making the suppression of the euro continued to fall. In addition, BNP Paribas and S & P rating was cut up on Monday announced that the Spanish banking sector has continued to estimate loan losses weighed on the euro. From a technical chart perspective, the euro is still in the large downward path, the above resistance around 1.248 in the channel track, which in Bollinger bands below the support rail 122 in the vicinity, it is expected that the market outlook, the euro will continue to decline target bit 1.18 .
AUD / USD: Low: 0.8710 High: 0.8832 close: 0.8720
Australian dollar continued to decline, mainly due to the impact of market risk aversion. From a technical chart perspective, the Australian dollar out of a recent trend of W end of the current delay in the 250 days moving average Australian dollar near 0.8848, its 300 day moving average below the 0.8680 support near the addition, since the 0.89 - 0.9 for the Australian dollar's resistance band, it is expected that the market outlook, the Australian dollar fell below 300 days moving average, such as, will usher in a new wave of losses.
GBP / USD: Low: 1.4686 High: 1.4859 close: 1.4804
The latest UK debt Authority, in fiscal year 2010/11 will amount to reduce the public debt issued 20.2 billion pounds to 1,650 million pounds. As the new government budget eased market concerns about the UK financial and rating agencies will not be expected to lower the country's sovereign rating, which makes the pound to get a boost, reversing the previous decline. From a technical chart perspective, the pound is still in the large downward path, the recent double bottom out a form, and meet resistance in the neckline down, its 34 day MA below the 1.4610 support near the market outlook is expected, sterling will fall.
USD / CAD: lowest price: 1.0178 High: 1.0296 close: 1.0292
May the Bank of Canada core CPI on a monthly 0.3%, up 1.8%, consistent with expectations. Visible data showed inflation in Canada is not a threat to suppress the short-term rate hike expectations the Bank of Canada. In addition, Bank of Canada Vice President Lien said that the U.S. dollar against the Canadian dollar exchange rate may affect the July 20 and after the central bank interest rate decisions, allowing the suppression of the Canadian dollar continued to fall. From a technical chart perspective, the U.S. dollar against the Canadian dollar below 1.0139 support near the rail in the Boolean vaginal discharge, above resistance around 1.0307 in the 100-day moving average, it is expected that the market outlook, U.S. dollar against the Canadian dollar will continue to rise.
USD / JPY: Low: 90.30 High: 91.10 close: 90.50
As new data released by the U.S. housing market downturn and unexpected weakness in the manufacturing of its data, both to suppress the market risk appetite, boosted the yen. From a technical chart perspective, the dollar fell against the yen out of a wave of momentum, the below support at 50% Fibonacci retracement of the 90 near the top of the resistance around 91.54 in the 100-day moving average, it is expected that the market outlook, U.S. dollar against Japanese Yuan will continue to fall.
Gold: Low: 1,231.15 High: 1,242.60 closing price: 1239.00
The new data released by an unexpected decline in U.S. housing market and stock market decline, making the market risk aversion, boosting the price of gold, it appeared slightly. From a technical chart perspective, the rising gold price trend is still well below its support at the 38.2% Fibonacci retracement of around 1228 U.S. dollars, above the historical high in 1265 U.S. dollars resistance near the gold market outlook is expected to continue to rise, and a new record high possibility.
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