Euro under pressure against the yen exchange rate more Japanese officials tepid remarks
Later the U.S. announced in July new home sales data record low annual rate of 276,000, far less than the estimated 33 million households, decreased 12.4%, this message is a direct result of U.S. stocks opened down, it will once again push risk aversion to the foreign exchange market, the dollar index has generated a wave up to. Comprehensive in terms of the United States that received the cross last night, star shape, and had decreased in 38.2% retracement and 55 day moving average near the minor order is reasonable, but the overall dollar index is still a big increase in price should be being.
The dollar index yesterday evening mixed, and basic maintenance of rocky near the current level steady at 83.2. First of all, the United States announced last night the week mortgage index rose 4.9% to a seasonally adjusted refinancing index rose 5.7%, setting a May 1, 2009, the highest since the United States refer to the corresponding rose. But then announced orders for durable goods rose 0.3%, significantly worse than expected 2.8% increase, while orders for durable goods excluding transportation fell 3.8% showed the same increase significantly worse than expected 0.5%, which led to European markets and crude oil prices extended declines and the dollar index is lower.
Crude oil prices bad news affecting the U.S. continued to decline, but produced a rapid rise after midnight at the current level of around 72.8 U.S. dollars. The oil prices in early July low of 71 U.S. dollars level of support has been fast, but the global economic recovery is still of concern about the future price of oil still faces some uncertainty.
GBP / USD: High: 1.5478 Low: 1.5387 close: 1.5468
Sterling slight concussion yesterday evening up, but the magnitude is not large, the highest rise about 60 o'clock, and was taking a small part of the morning gains. A few days earlier the British economic data is not much pounds are primarily driven with the market risk aversion resulting from fall. Five will be announced next week, Britain's GDP data, Tuesday when the Bank of England members of the Will has said the British economy faces the risk of double dip, if Friday's GDP showing a little sign in this regard may lead to further pound decline, investors will be concerned about. In addition, from the technical point of view, there is near 1.5330 pound after rising 38.2% Fibonacci retracement may have some short term support on the pounds.
EUR / USD: High: 1.2725 Low: 1.2603 close: 1.2657
The main trend of the euro last night, still shocks, despite news that analysts expect the European Central Bank in the first three quarters of 2011, interest rates will remain unchanged at 1%, and raised its GDP growth forecast for this year but next year Economic growth is expected to be raised or there is disagreement between flat and even some individual analysts believe GDP growth will probably slow next year. However, the impact of this message clearly enough, the euro or the overall number of data driven by the United States but rose and then fell, but the magnitude is not great, now hovering around 1.2660 level. Graphics from a technical point of view, there are around 1.26 euros in the third wave after rising 61.8% Fibonacci retracement, around 1.25 again in June in three waves since the big rise in the first waves point support, despite the recent overall market risk aversion persists, the euro faces pressure for greater support from the technical significance of 1.25 or so strong, investors will be focused.
Dollar / yen: Up: 84.50 Low: 84.09 close: 84.24
Japanese yen last night there rose and then fell in the market, weak U.S. data released in the beginning, the Japanese yen by the market risk aversion, which were driven up to a maximum of 84 hit close to integers; but with the late rebound in U.S. stocks due to the risk of emotional have to heat up, the yen has had a rapid speed by its pressure drop, the current level steady at 84.7 in the vicinity. Japan's recent economic situation of their own can actually, yesterday announced in July trade surplus also grew 119.9%, far more than expected 25.4%, which is naturally a good yen. But at the same yesterday, there were a few Japanese government officials are also out of the face of the yen exchange rate of speech, and continues the previously established for the position tepid way, which in turn will hinder the yen to some extent. Graphics from a technical point of view, the yen's rapid rise has broken the day before had had tangled around 85 integer bits, even near the maximum upside to the 83.5 level in the short term there some callback and return to step reasonable. If the Japanese government continues to maintain in the future if such a commonplace remarks, the yen is likely to invest in hedge funds both emotional and driven rally again.
AUD / USD: High: 0.8895 Low: 0.8769 close: 0.8849
Australian dollar last night triggered by weakness in the U.S. data, market risk aversion had a rapid decrease in the maximum of 130 points or so, but then rebound as U.S. stocks weakened due to risk aversion, the Australian dollar has rebounded in after midnight, the current reached near the 0.8850 level. Australia's recent economic data on small, mainly by the market as a whole are mostly driven by risk aversion, coupled with the political could face 70 years to the birth of the first joint cabinet government, the Australian dollar in the fundamental aspects of the future are not very optimistic. From a technical point of view, the Australian dollar rise in the previous 50% Fibonacci retracement of the 0.8760 top of the support by some, and is currently the 55 day, 100 average near the intersection of the level, with the technical meaning of some support. But in the wake of the Australian has been below its 200 day moving average where the Australian market outlook is expected to remain may continue to fall after rising to 61.8% retracement of 0.8650 to find support near future the possibility of still larger drop.
USD / CHF: Maximum: 1.0329 Low: 1.0245 close: 1.0302
Recent economic data, Switzerland is not a lot of its own, its previous trend of continuous increases or more have been the boost the market risk aversion. From the trend of the euro against the Swiss franc we can see that, at present the euro against the Swiss franc has broken through the previous low of early July, reaching a historical low of 1.3 in the vicinity, which reflects the market transfer of funds from the euro to the Swiss franc this state of affairs. By risk aversion continue to affect the dollar lower against the Swiss franc in the next further the possibility of still larger, but once it fell to 1.01 the following might have a relatively strong support for the proposed investors are not concerned over the Swiss franc Swiss look forward to future rises.
USD / CAD: Maximum: 1.0667 Low: 1.0569 close: 1.0594
Canadian and Australian dollars yesterday, similar, showing the erased situation. As a neighbor of the United States, Canada, has been a very long time weak U.S. economy has created a drag on the Canadian economy, combined with the recent overall market risk appetite is weak, oil prices continue to drop, which are all produced with the Canadian dollar future trend adversely affected. From a technical point of view, the Canadian dollar at 1.0650 today, near the knot, although access to support, but fell to 1.0667, while the Canadian dollar is near the 1.07 to 1.08 after the shock for a long time the edge of where the meaning of certain technical support, investors Canadian dollar will be concerned about the direction of choice.
Gold: Top: 1241.35 Low: 1228.65 Close: 1239.10
Last night, driven by risk aversion, a wave of rising gold prices, have several points to 1240 U.S. dollars, but failed to break above, is still hovering here. Although the 1240 U.S. dollars is the rapid decline in early July after the starting point, also down several times before the support is located, the block has a certain significance, but because of the recent market's risk aversion is more common there, gold in the future may be breakthrough in this points are suppressed, if there are further challenges to break record highs of the possibility of radical investors can choose the short break to do more after the gold, but need to stop to prevent the risk of setting a good track.
(责任编辑：admin) |
