Short-term gains can be expected to further pound
Last night the United States announced in May new home sales data. Annual rate of poor sales, a record low of 300,000, significantly worse than the estimated 410 000. Before the U.S. data continued weak performance, once stimulated the market risk aversion. After the announcement, crude oil prices reached two U.S. dollars, U.S. stocks also declined.
Europe, the Greek representative in IMF said in September the Council will discuss the second round of aid to Greece. Greece currently enjoy the IMF's loan assistance between the EU and the domestic economy being relatively stable. In contrast, Portugal and Spain revealed the problem even more worried about the market, particularly to Greece 5 times the economic output of Spain. The new one in the U.S. nonfarm jobs data, the news from Spain, will affect the foreign exchange market.
Later, the Fed announced the outcome of interest. As the market expected the Fed rate hikes have no choice, and that a considerable period of time is not prepared to raise interest rates. The current economic situation, the Fed expressed their point of view, the language was careful, did not show clear optimism or pessimism. After the announcement, once non-US currency strengthened across the board because of the Fed's stance on the dollar failed to restore market distrust.
EURUSD: High: 1.2343 Low: 1.2207 close: 1.2314
Essential before the end of the rally, the euro is currently slow down, but average 21 to provide strong support for the euro. European governments are still singing in all fields over the prospects for the euro area, although the market is not quite buying it, but the status of the euro area after the recent easing of the market pessimism has already been released. The current rise in the euro do not have many reasons, but the same, the smooth development of Europe and some European initiatives to combat speculation, making the short power weakened the euro, which is difficult to drop substantially. The euro is expected to swing the market outlook still appears, ready for a major new data direction.
GBPUSD: High: 1.4973 Low: 1.4800 close: 1.4963
Bank of England released yesterday afternoon, minutes of meetings. Records show whether the current interest rate for the pound, Bank of England has been divided between members. This message brought to market a number of pounds expected to raise interest rates, sterling was once strong after the announcement. From the day the figure, sterling is now in upstream channel into the market on the whole optimistic about the prospects for the UK, the short term can look forward to further pound higher, above the target located in the vicinity of 150.5 in the 100-day moving average. Since February this year, the pound has remained below the 100 day moving average, is expected to break through that level of £ bang with great difficulties.
AUDUSD: High: 0.8780 Low: 0.8658 close: 0.8735
Australian dollar earlier this week appeared in the jump, but fell Monday but it was finally ended. Australian dollar rose from the previous round of the maximum 61.8% retracement of the decline, followed by a continuous lower. If the Australian dollar could not recover lost ground in a short time, then from a technical point of view can be basically announced that the Australian dollar rally over, the next step should be to weaken the main. Investors are advised to pay close attention to Europe, news, the Australian dollar in Europe is closely related to the debt crisis.
USDCAD: High: 1.0459 Low: 1.0269 close: 1.0393
Canada announced in April retail sales fell 2.0% the previous month, while the former value increased 2.1%. The data is clearly not in the dollar against the Canadian dollar once again carried back to the 1.04 level. Before the Canadian dollar is too close to parity, the current should fall mainly in the future the United States or Europe, bad news may affect the market risk aversion, thus suppressing the Canadian dollar.
USDJPY: High: 90.58 Low: 89.72 close: 89.86
90-bit integer yen continued to close, but held steady after the next break. Sideways adjustment of the yen has been going on for a month, but at present no evidence that the yen will end adjustments. The Japanese Government is now making steady progress in the implementation of the control of the debt plan, no time to intervene in the yen exchange rate, which is one of the reasons the yen lack of direction. Japan's economy is now no major positive or negative news, not much material for speculation speculators, the yen for some time now and will continue to remain relatively stable.
Gold: High: 1246.10 Low: 1224.30 closing price: 1236.20
Gold continued to fall last night, the minimum to reach 1225 U.S. dollars. Reached 1265 U.S. dollars of gold near the top before, the basic trend of the completion of the last five wave wave, medium-term technical point of view is about to enter the callback process. 50% measured in accordance with the callback, the next round of decline in gold is likely to reach 1,150 U.S. dollars Office. Gold is still not completely sure began to fall, but investors holding long prepared, as well, to avoid risks.
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