Yen by the pursuit of the important resistance barrier 87 break
From the day the figure, the dollar index rebounded in March to mark the high point of 82 integers are supported, although the rally Friday, but failed to return to 82.85 1 above, it is still bearish market outlook mostly. This week's key data to be released major new housing starts and existing home sales data, if further evidence the U.S. economic slowdown, the dollar index could fall below 82, below the target increase since the end of the 50% retracement of 81.5, more below the target in the 80 mark.
Friday night's U.S. June consumer price index, CPI was down 0.1% the previous month, with Bloomberg's expectations, but fell for the third consecutive month, the core CPI was up 0.2% the previous month, slightly better than expected rose 0.1%. Subsequent release of U.S. consumer confidence index for July fell to the lowest in 11 months to 66.5, significantly worse than expected 74.5, so investors have more confidence to confirm slowdown in U.S. economic recovery. As European and American stock markets generally fell, except the yen led to non-US currencies outside the general fall in the yen are sought after, breaking an important resistance barrier 87.
For concerns about slowing economic recovery lingers, oil prices fell again Friday to close at 76 dollars a barrel. U.S. consumer confidence index dropped by and General Electric, Bank of America and Citigroup to suppress the weak revenue, the Dow fell trend showed unilateral, closed down 2.52%.
EUR / USD: 1.2930 the highest closing price of the lowest 1.2888 1.3007
Euro finished lower on Friday night, the highest hit a new high of 1.3007 in the near future, despite the subsequent correction, but only slightly, showing a good defensive. In addition to the attractiveness of U.S. economic decline, the euro zone showed the recent success after another issuer of sovereign debt crisis fears gradually weakened due to the recent short covering is the main force to promote the rise in the euro. At present the euro remains strong, it is noteworthy that, after the sharp early rise, the euro challenge the rate of increase is too large, too quickly began to sound, graphics point of view, the euro has reached in April to June down 61.8% trend retracement 1.3 1000-point mark, RSI indicator hit overbought territory, increasing the possibility of a callback. Week 5 (23) will be released the results of the European banking sector stress testing, after IMF officials said the major European bank's capital adequacy ratio sufficient to meet this test, the end result if it really as expected, could be further upside to promote the strength of the euro . Once confirmed break of 1.3, then the euro will run in November last year downward trend since the 38.2% retracement of 1.3120 in the vicinity.
GBP / USD: closing price of 1.5288 the highest price lowest price 1.5276 1.5449
Sterling was weak all day Friday in the U.S. fell after the data is accelerating the trend. Technical graphics point of view, the rise in sterling through after three days, have basically reached in April high of 1.55 in the run target, the action can be depleted, the top 156 in the vicinity of 200-day existence, but also an obstacle to the rise in sterling. If the market outlook is not particularly good news released, the trend is expected to be limited to 1.55 pounds, the support is located at a pre-resistance 1.5250.
USD / JPY: the highest closing price 87.50 86.59 86.25 lowest price
Friday night the maintenance of a strong yen, has broken the 87 mark, where in 2008, 2009 and was successful in preventing pre-yen rise, with important technical significance. If the dollar can not be soon back to 87 yen more than the market outlook may also continue to decline, the first run target set in November of last year's low of 85 in the vicinity. Investors can call the bottom in the 87 yen. However, the yen has been the recent sharp rise may hurt Japan's exports, the Japanese government the possibility of an oral intervention growing, investors should pay close attention to Japan's reaction, stop in good time.
AUD / USD: 0.8688 the highest closing price of the lowest 0.8679 0.8844
Australia announced last week, there is no important data, affecting the Australian dollar, the market risk appetite. With Friday night Europe and the United States stock market and oil prices plunged, the Australian dollar has plummeted nearly 150 points. Graphically, the Australian dollar fell in the lower edge of its range of 0.8680 be supported, but the greater the pressure Powei, prudent investors should avoid the operation of the Australian dollar, aggressive investors may be the next Australian after breaking 0.8680 short, target located in the vicinity of 0.8560.
USD / CAD: the highest closing price of 1.0581 the lowest 1.0376 1.0576
Affected by risk aversion, the Canadian dollar Friday night out of the market plunge, down nearly 200 points, the highest dollar touched 1.0581 against the Canadian dollar. From a fundamental point of view, the deterioration of U.S. economic data to the Canadian economy cast a shadow over prospects, weighed on the other hand, the Bank of Canada interest rate meeting on Tuesday this week, Bloomberg's survey of 25 basis points rate hike to 0.75%, is expected to be able to realize the risk of events, recommended investors to focus on. Technical graphics point of view, the U.S. dollar against the Canadian dollar since April this year out of the triangle shape, close to the edge of the current 106, if a smooth break up the space will open further to run in the 1.08-1.09 range goals.
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