Positive or non-agricultural data raise the dollars
The dollar index fell to 55 day MA Department, held steady at 82.3 in the vicinity, waiting for non-farm employment data baked. Technical point of view the possibility of higher U.S. dollar index rebounded. Data released yesterday generally favorable, the market's risk aversion eased, making slightly stronger U.S. stock market last night. International crude oil prices rise further, reaching around 75 dollars.
Foreign exchange market continued last night, the basic trend of the day's correction. Night the United States announced on August 28 when the number of claims for unemployment benefits fell to 47.2 million, slightly lower than the Reuters poll forecast the market value of 47.5 million people, this is the second consecutive week the data better than expected, seems to imply U.S. employment situation is improving, but the ADP employment data released Wednesday showed the number of unemployed has a tendency to further increase. It would appear that the forthcoming release of nonfarm employment data is still difficult to predict, whether good or bad, will have significant impact on market formation.
In Europe, the European Central Bank interest rate decision was announced the results of the final Euro interest rates remain unchanged at 1%, in line with market expectations. European Central Bank President Jean-Claude Trichet after the speech, Kending the euro zone's economic recovery situation, same time, however hinted that it might be Genju the liquidity situation on the current initiatives Jinxing adjustment. Trichet said the central bank raised its full year 2010 conference and 2011 GDP growth forecast and inflation forecast to show the optimism of the European economy.
Later the U.S. announced in July factory orders data as well as homes for sale index in July. One factory orders increased by 0.1%, although worse than the market forecast of 0.3%, but less than June's 0.6% is still considered as an improvement; July index of homes for sale increased 5.2% last month, it is significantly better than expected 1.0% decline. Boosted by the news that two U.S. stocks extend gains, while U.S. Treasury bond prices further down.
EUR / USD: High: 1.2848 Low: 1.2775 close: 1.2823
Very stable performance of the euro, the day before yesterday, after rebounding to 1.28 above, to maintain the high level of basic pattern of oscillation. European Central Bank announced yesterday to keep rates unchanged, the euro against the dollar almost no significant fluctuations; later the European Central Bank President Jean-Claude Trichet's optimistic stance, for the euro provided some support. Overall, investors are in wait for the upcoming arrival of non-farm employment data, before the euro is difficult to form a clear direction. At present the U.S. dollar relatively strong, expected non-farm employment data, if positive, are likely to raise the U.S. dollar prompted the market to further hurt the euro.
GBP / USD: High: 1.5455 Low: 1.5348 close: 1.5392
Data released yesterday showed the UK: UK house prices in August fell 0.9% the previous month, significantly less than the market forecast of a 0.2% decrease, and the one-month drop was the largest since February. Under the influence of bad data in the pound before the weak trend continued, but rebounded late. Slightly increased to 1.54 near the end. Graphically, pound since early August began to trend downward, bottoming out is not yet formed a clear indication, investors are expected to continue to decline there is still space. Below the target bit to see where the 100 day moving average of 1.515 in the vicinity.
AUD / USD: High: 0.9121 Low: 0.9052 close: 0.9110
Australian import and export data released yesterday is not ideal. Australia in July to a seasonally adjusted trade figures: Exports from the previous month decreased by 4%, imports increased by over 2% before the end of Australia in July's foreign trade surplus of 1.888 billion Australian dollars for balance of payments, significantly worse than market estimates The surplus of 3.1 billion Australian dollars. Although the foreign trade situation has deteriorated, but after the jobs data and gross domestic product has emerged as a further sign of improvement, Australian dollar and therefore did not lead to excessive market pessimism. Currently the Australian dollar remains steady at 0.9 above, while continuing to test the 0.91 nearest whole number. Affected by risk aversion, short-term upward pressure on the Australian higher, continue to rise is limited. Once at the top of the market outlook 0.92, Australian investors can consider holding rallies a warehouse, to prevent loss when the Australian dollar down.
USD / CAD: High: 1.0556 Low: 1.0468 close: 1.0533
The overall U.S. stock market rose yesterday, while crude oil prices higher again, are providing support for the Canadian dollar. Unfortunately, the performance of the Canadian dollar yesterday, not ideal, being in the ups and downs and eventually slightly down. Technically, the Canadian dollar is currently doing between 1.047 to 1.067 sideways shock, regardless of the direction in which a breakthrough, it can cause a new wave of market produce. Medium term USDCAD at 1.07 there is strong resistance near the decreased relatively more open space, and thus continue to lower the possibility of higher.
USD / JPY: High: 84.55 Low: 83.98 close: 84.26
In order to suppress the high yen, the Japanese government can be said to be painstaking. Judging from the results, however, whether government officials repeatedly warning, or a loose monetary policy of expansion, the yen did not play a decisive extent. At present the Government of Japan hopes the international cooperation, but countries are now busy with its own economic recovery in the basic no country willing to help Japan. If the yen continues to move up, do not rule out the future introduction of the Japanese Government intervention may be more severe. According to the five wave theory, the yen is now at the fifth wave, predicted position in 83.15. Once the market outlook, U.S. dollar against the yen went to 84 below, investors should beware of the yen rebounded.
Gold: High: 1253.30 Low: 1243.00 closing price: 1250.75
1250 U.S. dollars once again break up the gold mark. Unlike the previous one, this gold will rise to close to maintain. The current price of gold is very close distance of record highs, the market risk aversion once again heating up, investors have reason to believe that gold will once again record. Technically, gold on the 100% Fibonacci forecasting a breakthrough in digital form a relatively clear, the next step will be 1280 U.S. dollars for the goal. The quality of non-farm payrolls data tonight will directly determine the future direction of gold, if the data is poor, is expected to be bullish for gold.
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