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IKON GROUP

1, the market profiles:

European time, the EU aid on the final decision of Greece, the euro / dollar continued to rally but gains limited, mainly because, despite the crisis in Greece, the EU agreed once together with the International Monetary Fund to provide assistance, but the market for Greek financial hardship as well as the entire euro zone's internal problems are still lingering concerns. Currently on the market will continue to focus on the final outcome of the EU summit, the stock market will be the next time the exchange rate movements weathervane.

Second, the currency situation:

EUR / USD:

Time in Europe, the European Union on a decision of Greece to promote a sustained rebound in the euro to 1.3410 files. Expected U.S. GDP data due to the poor exchange rate quickly fell to 1.3350 files, but lower than expected U.S. GDP data affect the short-term, personal consumption expenditures price index, the United States in March the University of Michigan consumer confidence index was better than expected, the euro / dollar quickly regained decline in the current re-file is located in the vicinity of 1.3410. Technical-graphics point of view, an hour figure is still up space, Japan map index rebounded from oversold, but may have a greater resistance below 1.3500.

GBP / USD:

Europe time, Britain's fourth-quarter, the biggest decline in business investment record and the uncertainty of the UK economy is still cause for concern, GBP / USD fell to 1.4810 low again after the morning rally, but continues to encounter resistance at 1.4900 again after the bottom fell, the United States personal consumption expenditures price index, in March the University of Michigan consumer confidence index was better than expected, GBP / USD continues to find support above 1.4800, the exchange rate quickly rebounded to an intraday high of 1.4923. Technical-graphics point of view, yesterday's high of 1.4985 will be an important resistance after the break 1.4900.

USD / JPY:

European time, the dollar / yen is still below the overnight high range order, short-term fell to an intraday low of 92.12. The EU's decision on the issue of Greece slight boost risk appetite, coupled with Japan's overseas funds back support faded, the U.S. dollar / yen rose to 92.60. Lower than expected U.S. GDP data affect the short-term, U.S. dollar / yen continued to rebound yesterday's high of 92.94 test finally turning down the current file is located in the vicinity of 92.50. Technical-graphics point of view, the early support for USD / JPY up factor remains the same, 93.00 for the next temporary resistance.

Third, investors need to focus on today's economic data are:

(A) Data Express Friday:

15:45 France's March consumer confidence index -34; (inferior to the former values and expectations)

20:30 U.S. fourth-quarter GDP annual rate of 5.6% in the final value; (inferior to the former values and expectations)

20:30 fourth quarter, the U.S. personal consumption expenditures price index rate of the final quarter, the value of 2.5%; (better than the previous value)

20:30 fourth quarter, the U.S. core personal consumption expenditure price index rate of the final quarter, the value of 1.8%; (better than the previous values and expectations)

20:30 U.S. fourth-quarter GDP deflator, the final value of 0.5%; (better than the previous values and expectations)

21:55 U.S. March University of Michigan consumer sentiment index value of 73.6. (Better than the previous values and expectations)

European time, the dollar / yen is still below the overnight high range order, short-term fell to an intraday low of 92.12. The EU's decision on the issue of Greece slight boost risk appetite, coupled with Japan's overseas funds back support faded, the U.S. dollar / yen rose to 92.60. Lower than expected U.S. GDP data affect the short-term, U.S. dollar / yen continued to rebound yesterday's high of 92.94 test finally turning down the current file is located in the vicinity of 92.50. Technical-graphics point of view, the early support for USD / JPY up factor remains the same, 93.00 for the next temporary resistance.

Third, investors need to focus on today's economic data are:

(A) Data Express Friday:

15:45 France's March consumer confidence index -34; (inferior to the former values and expectations)

20:30 U.S. fourth-quarter GDP annual rate of 5.6% in the final value; (inferior to the former values and expectations)

20:30 fourth quarter, the U.S. personal consumption expenditures price index rate of the final quarter, the value of 2.5%; (better than the previous value)

20:30 fourth quarter, the U.S. core personal consumption expenditure price index rate of the final quarter, the value of 1.8%; (better than the previous values and expectations)

20:30 U.S. fourth-quarter GDP deflator, the final value of 0.5%; (better than the previous values and expectations)

21:55 U.S. March University of Michigan consumer sentiment index value of 73.6. (Better than the previous values and expectations)

xunG     uploadeb     freaksharp


Crosses Analysis

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Friday

AUD / NZD 1.2840 closing below the previous high, indicating that the bit as the support of the retracement of the role of inhibition has already begun to lose ─ ─ dollar has since rebounded after an attempt to restart the rally. Exchange rate below the 20-day moving average to form a new retracement low, we began to turn bearish, tend to sell into rallies.

[attach] 3 [/ attach]

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As previously expected, Australian dollar / yen shock upstream, before the high point on map. From the K-line performance, exchange rates and upstream efforts began to lose momentum started to accumulate as likely to decline to prevent a sharp retracement of the trend.

[attach] 5 [/ attach]

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The euro / dollar at the day chart downstream channel within the bottom this week launched the five dollar rebound, pointing to 20 day MA and channel central. Kinetic energy may prompt the exchange rate started to enhance rebound, but the downward trend is still relatively strong, in the March 16 break up high, we can hardly figure to call on euro / dollar movements.
[attach] 3 [/ attach]

[attach] 2 [/ attach]

Friday

AUD / NZD 1.2840 closing below the previous high, indicating that the bit as the support of the retracement of the role of inhibition has already begun to lose ─ ─ dollar has since rebounded after an attempt to restart the rally. Exchange rate below the 20-day moving average to form a new retracement low, we began to turn bearish, tend to sell into rallies.

[attach] 3 [/ attach]

[attach] 4 [/ attach]


As previously expected, Australian dollar / yen shock upstream, before the high point on map. From the K-line performance, exchange rates and upstream efforts began to lose momentum started to accumulate as likely to decline to prevent a sharp retracement of the trend.

[attach] 5 [/ attach]

[attach] 6 [/ attach]


The euro / dollar at the day chart downstream channel within the bottom this week launched the five dollar rebound, pointing to 20 day MA and channel central. Kinetic energy may prompt the exchange rate started to enhance rebound, but the downward trend is still relatively strong, in the March 16 break up high, we can hardly figure to call on euro / dollar movements.
[attach] 3 [/ attach]

[attach] 2 [/ attach]

Friday

AUD / NZD 1.2840 closing below the previous high, indicating that the bit as the support of the retracement of the role of inhibition has already begun to lose ─ ─ dollar has since rebounded after an attempt to restart the rally. Exchange rate below the 20-day moving average to form a new retracement low, we began to turn bearish, tend to sell into rallies.

[attach] 3 [/ attach]

[attach] 4 [/ attach]


As previously expected, Australian dollar / yen shock upstream, before the high point on map. From the K-line performance, exchange rates and upstream efforts began to lose momentum started to accumulate as likely to decline to prevent a sharp retracement of the trend.

[attach] 5 [/ attach]

[attach] 6 [/ attach]


The euro / dollar at the day chart downstream channel within the bottom this week launched the five dollar rebound, pointing to 20 day MA and channel central. Kinetic energy may prompt the exchange rate started to enhance rebound, but the downward trend is still relatively strong, in the March 16 break up high, we can hardly figure to call on euro / dollar movements.

xunG     uploadeb     freaksharp


Citibank

Stocks bonds and commodities markets, the focus of

United States of America

Media refers to Germany and France reached an agreement to allow the International Monetary Fund (IMF) involvement in helping the Greek program, easing market worries of the debt crisis in Europe in support of yesterday's Wall Street was built. Standard & Poor's 500 index rose 0.7 percent, to close at 1,174 points, hit 18-month high; Dow Jones industrial average rose 1 percent, to close at 10,888 points.

Asia

Or failure to worries about EU leaders at the summit this week on the program agreement to help Greece to restrict the Asian stock markets rally yesterday. Morgan Stanley Asia Pacific (outside Japan) index rose 0.6% to close at 418.2 points.

China-Hong Kong

Worries about the Chinese Government or introduced measures to suppress the real estate speculation in housing stocks dragged down the performance of the mainland stock market fell yesterday. Reflect the performance of listed stocks in Shanghai and Shenzhen, Shanghai and Shenzhen 300 Index, fell 0.8%, to close at 3,275 points. Investors look forward to global economic recovery, or cause increased overseas demand, stimulate exports and stocks made good, Hong Kong stocks rose yesterday. The Hang Seng Index rose 0.3%, to close at 20,987 points. The Hang Seng China Enterprises Index rose 0.1%, to close at 12,020. Bonds, U.S. government bonds to sell 44 billion U.S. dollars for the biennium, the demand received by the weakest since December last year, dragged down the U.S. Treasury prices fell. 10-year U.S. Treasury bond yield rose 3 basis points, to close at 3.685 PCT.

Goods

Oil

Market expectations today (March 24) will be published information that may show U.S. gasoline inventories fell for the third straight week in support of rising oil prices. Traded on the New York Mercantile Exchange crude oil futures rose 0.8%, to close at 81.91 U.S. dollars a barrel.

Gold

Europe and the United States stock market was built to increase the attractiveness of precious metals as an alternative investment, gold prices rose yesterday. Spot gold rose 0.3 percent yesterday, to close at 1,105.15 U.S. dollars per ounce.

Of foreign exchange and commodity market focus and technical analysis

The euro against the dollar

(Euro against the dollar)

Yesterday Germany reiterated that Greece should seek assistance from the International Monetary Fund to limit the euro's short-term room for growth.

Euros or at 1.3443 (10.4318) to support the progressive rely on steady, short-term have the opportunity to back up to 1.3914 (10.7973). Reviews 0-3 months short-term bullish forecasts 1.3500 (10.4760) support spaces 1.3443 (10.4318) resistance at 1.3914 (10.7973)

USDJPY

(Yen against the Hong Kong dollar)

Global stock markets rebounded yesterday, the market risk fell short yen profit.

USDJPY short-term or at 89.65 (86.5588) to find support, afternoon have the opportunity to gradually rose to 92.16 (82.2014). Short-term reviews Neutral 0-3 months predicted 90.00 (86.2222) support bit 89.65 (86.5588) resistance

92.16 (82.2014)

GBPUSD

(Pound sterling against the dollar)

United Kingdom consumer price index annual rate in February, from 3.5% down to 3%, so that the cooling rate hike expectations, limiting the pounds room for growth.

At 1.4921 against the U.S. dollar continued to pound (11.5787) in support of fibo 0.236 above the afternoon or gradually rose to 1.5387 (11.9403). Reviews 0-3 months short-term bullish forecasts 1.4700 (11.4072) support spaces 1.4921 (11.5787) resistance at 1.5387 (11.9403)

USDCHF

(Swiss franc against the dollar)

Yesterday the Swiss franc Swiss National Bank did not respond to the appreciation of the problem to the Swiss franc longer supported.

As the U.S. dollar against the Swiss franc is still subject to short-term or 1.0650 (7.2864) resistance, afternoon or the next test 1.0507 (7.3856). Reviews 0-3 months short-term bearish forecasts 1.0700 (7.2523) support bit 1.0507 (7.3856) resistance at 1.0650 (7.2864)

USDCAD

(The Canadian dollar against the Hong Kong dollar)

Canada in February leading indicators rose by 0.8%, for 9 consecutive months, increases were recorded for the Canadian dollar has brought support.

U.S. dollar against the Canadian dollar, or will gradually drop to 0.9975 (7.7794), or resistance in the 1.0225 (7.5892). Short-term forecasts reviews Neutral 0-3 months 1.0100 (7.6832) support bit 0.9975 (7.7794) resistance at 1.0225 (7.5892)

AUDUSD

(AUD HKD)

Global stock markets rose yesterday, the market risk falls, good Australian.

Australian dollar short-term uptrend or restricted, the resistance or 0.9331 (7.2409). If it fell below 0.9070 (7.2409) support the trend, or become more neutral. Short-term reviews cautious forecast 0-3 months 0.8900 (6.9064) support bit 0.9070 (7.0383) resistance at 0.9331 (7.2409)

New Zealand dollar

(New Zealand dollar against the Hong Kong dollar)

xunG     uploadeb     freaksharp


European Union joint IMF rescue highlights the sharp rise in the euro, Greece times?

25, Greek government spokesman confirmed that evening, held in the euro area summit, the leaders of the adoption of the euro area member states, Greece relief program. The photo shows the date of the European Commission President Jose Manuel Barroso (left) and the permanent President of the Council of Europe FAN Long Perry attended the press conference.

Repeated calls from the euro area led to a Greek aid program 25, has finally been dropping for several days for the euro has brought a rare breathing space.

To attend the EU summit in the spring of a permanent President of the Council of Europe FAN Long Perry said at a press conference on the 25th night of the euro area held a special summit for Greece, the adoption of a "mixed Assistance Program", that is, where necessary, by the euro-zone countries and the IMF jointly to provide relief to Greece. Although the European Central Bank President Jean-Claude Trichet, who continue to believe that euro-zone countries to IMF assistance, the practice of participation in "very bad", but this is quite a symbolic move temporarily stabilize investor confidence in the euro. Yesterday's European session, the euro surged as much as 0.5 percent against the dollar, since the 10-month lows. Greek stocks jumped nearly 4% in intraday trading. Asia-Pacific stock markets have surged yesterday, more than 1%.

"Hybrid" symbolic significance

In the EU 25, the end of the spring summit, the first day of the agenda, the 16-nation euro-zone leaders held an emergency meeting that night, specifically to discuss the Greek aid.

To informed sources, due to serious internal divisions, until the occasion of the opening of the EU summit, Germany and France, before the two large euro-zone countries to reach an agreement on how to rescue Greece.

In order to ensure that this program can be a one-time passed, German Chancellor Angela Merkel, French President Nicolas Sarkozy, the Greek Prime Minister Andreas Papandreou, the European Central Bank President Jean-Claude Trichet and the European Council a permanent President of FAN Long wear the same day was also first met to finalize of the program details.

According to the latest program, the euro zone countries and the IMF, if necessary, joint rescue Greece, which euro-zone countries in the form of bilateral loans will bear the major part, IMF will provide a "very large" sum of money. To informed sources, IMF funding ratio may account for one third, the other two thirds will come from Euro zone countries.

The program did not give any specific numbers, but from the EU high-level sources, who are in urgent demand, the amount of aid to Greece up to 20 billion to 22 billion euros, nearly half of the debt due this year, Greece. Eurozone leaders have declared, this rescue mechanism only as a "last resort", that is only when Greece was unable to raise from the market only when sufficient funds to start.

A strong rebound in the euro reversed early weakness

It is widely believed that the European Union's assistance in the case of the Greek symbol of great significance. FAN Long wear on the frankly, it is very clear "political message", he said, was initiated by the European-led "mixed aid mechanism" will not use less than compelling.

In many market participants view, the European Union to hand over the crisis in the final against Greece, a solution, regardless of the eventual implementation of it or not, at least to establish a mechanism that, in case of emergency situation in Greece can be brought under control.

Greek government spokesman 佩塔洛蒂斯 25 pairs of reporters that the euro-zone countries leaders have approved assistance program, "fully meet the requirements of Greece", Greece is willing to accept with pleasure.佩塔洛蒂斯 said that the Greek Government believes that this program sends a steady signal, will have a positive impact on the Greek economy.

Assistance programs in Greece, following the announcement issued on the international market bonds secured Greece crashed lower the cost of default risk, the Greek government bonds over comparable German government bonds have narrowed spreads. Yesterday, the Greek government bonds, CDS dropped 9.5 basis points to a week low.

Greece continued diving because of the debt crisis of the euro were given a more significant support. Asian and European trading yesterday, the euro continued to rise against the U.S. dollar, as of 17:50 Beijing time yesterday, the euro rose to 1.3367 against the U.S. dollar, or up 0.6%, the biggest gain in nearly two weeks. Prior to this, because of variables in the Greek assistance programs increased sharply, the euro continued to fall, from 1.38 in mid of this month is now down below 1.33 this week, setting a 10-month low.

Asia-Pacific stock markets have surged

The introduction of the Greek aid cases, but also to stimulate the stock market investor's risk preference. Thursday European stock markets had expected the positive and made positive response to yesterday's Asia-Pacific market is broad-based rally.

Because investors expect the European leaders will be finalized for the solution to the problem of debt, Greece, European stock markets closed Thursday another new high of more than a year. European Stoxx 600 Index 25 gained 1% to 264.68 points, this is the index for the third straight trading day higher on Wednesday once reached the highest since September 2008 closing level.

Yesterday's Asia-Pacific market, the main stock index rose almost across the board, or generally more than 1%. In late Tokyo trading yesterday, MSCI Asia Pacific Index rose 1.1%. Specifically, the Tokyo stock market rose to 1.6%, the Nikkei closed at 10,996.37 points, since October 2008 the highest closing price since. South Korean stock market closed up 0.55%, to 1697.72 points.

China, Hong Kong stock market rose 1.3%, the Hang Seng Index rebounded from a three-week lows, to close at 21053 points. Xianyihouyang Chinese Taipei stock market closed up 0.5%.

Thursday closed for the holiday of the Greek stock market surged yesterday after the opening bell yesterday morning, the Greek benchmark stock index rose 3.8%. The three major indexes in Europe after the opening bell Xianyihouyang, one hour after opening flat.

Analysts also pointed out that, although the case of the EU's assistance to stabilize the situation temporarily, but in Europe the future of the debt crisis still variable. Some experts warned that Greece is in Europe and throughout the developed world sovereign debt worries the "tip of the iceberg," After all, the limited size of the Greek economy, the greater risk may be yet to come. Data provider Dealogic's latest report shows that in the first quarter of this year, the European sovereign bond issuance both the number and size of a new record high, particularly in the larger financial gap faced by Greece, Spain and Portugal and other countries.

And Jean-Claude Trichet and others concerned to participate in IMF aid of a euro-zone countries, could undermine the credibility of the euro area.

xunG     uploadeb     freaksharp


U.S. dollar index gains were limited euros caught in low consolidation

Bank of Japan announced in February monetary policy meeting records show that: Several members said the decline in consumer price index is not as expected slowdown in the pace of so many; Many members said that if necessary, should take prompt action to make a full recovery of the economy. Representatives of the Government hoped that the Bank of Japan to take flexible measures to combat deflation.


Swiss National Bank president, said the Swiss central bank will decisively deal with the excessive appreciation of the Swiss franc against the euro in order to avoid the risk of deflation.


Greek Finance Minister said the country is expected in March 25-26 EU summit will yield positive results, while Greece wants its debt crisis can be resolved within Europe.


United Kingdom in February consumer price index rose 0.4% from the previous month, compared with a year rose 3%, CPI increase is the first time since September 2009 slowdown. The United Kingdom in February retail sales price index rose 0.6 percent from the previous month, increased by 3.7% a year earlier, and matching the consensus forecast.


Confederation of British Industry published a survey in March retail sales margin fell to +23 from +13 in February, worse than previous estimates.


U.S. February existing home sales fell by 0.6% annual rate of 5.02 million, slightly better than the estimate of 500 million. U.S. Richmond Fed manufacturing index released in March for a comprehensive +6,2 to +2 months.


Fitch said that Greece is likely to keep this year's BBB + rating, Greece, next year, details of further reform measures are also crucial rating to Greece. IMF to provide assistance as long as the possibility exists, even if the European Union assistance to Greece, did not reach an agreement would not lead to lower ratings of Greece.


EUR / USD:


Asian hours, the euro from 1.3550 to 1.3560 for the relative high sideways to afternoon selling the emergence of the euro exchange rate led to falling back to around 1.35; European sessions, the market still doubts about the financial crisis for Greece to continue to force the euro lower, breaking 1.35 mark intraday down to 1.3474, the latter slightly stabilized; the United States early period, the euro was 1.35 below the low withdraw sword, the more rapid gains at 1.3540 consolidation.


Technical graphical analysis, in yesterday's rebound in the United States closed out with a longer time under the shadow line of a small Yang Xian, today the exchange rate continues to fall rapidly swallowed up yesterday's gains, 5-day moving average have already moved to 1.3568, for the formation of a strong suppression of the short-term exchange rate; disk there buying support in the 1.3460-70 range. Recommendations may be appropriate to Buying euros, stop-loss 1.3450, and 1.3550 at the top of the short.


GBP / USD:


Asian hours, the pound was steady at around 1.51, but there diving on the afternoon, the exchange rate down to 1.50 in the vicinity. Europe time, Britain announced stronger than expected CPI data, and are subject to the whereabouts of a drag on the euro, British pound exchange rate has also dropped to 1.50 below the trading after a rebound back to near 1.50. The United States early period, the pound to copy the trend yesterday, after earlier rising rapidly, and near the location of 1.5070.


The daily chart on the basic pounds in two days this week, from 1.50 to 1.51 range as box shocks finishing, in the absence of the major factors that influence the market under the premise of the exchange rate is expected to continue to maintain range of volatile trading. Below the strong support at 1.49 and 1.4780, above the resistance at 1.5116. Recommendations may range lob bargain-hunting operations.


USD / JPY:


Asian session, the yen in the narrow range from 90 to 90.30 range order fluctuations. European sessions, the exchange rate slightly upward and for a time break 90.45, after trading near 90.35. The United States early period, the exchange rate at 90.30 the vicinity sideways.


From the Japanese line perspective, the dollar was steady against the yen today on the 90 mark at the top, no significant fluctuations in the exchange rate below the 90 integers off strong supporting role in suppressing the formation of 90.80 pairs of exchange rates, the proposed range of operation, more cautious.


Asian currencies:


The Philippine peso and Indian rupee in this trading day following the euro and Asian stock markets rally and rose; Philippine peso against the U.S. dollar rose nearly 0.4% to 45.52, hit last week, tying the 19-month high; Indian rupee against the U.S. dollar rose 0.25% to 45.47; the Thai baht against the dollar, driven by the inflow of foreign capital rose to 32.32 small.


Won the day slightly lower, since Greece lingering doubts about the debt, reducing the stock market gains, the won against the U.S. dollar to close at 1137.1, after earlier in the 1133.2-1137.3 fluctuate within a tight range.

xunG     uploadeb     freaksharp


U.S. dollar index struck up a song of victory, concerns the U.S. non-farm data

This week (March 22-3, 26 week) foreign exchange market, the information published by the United States outstanding performance in the fourth quarter U.S. GDP and the CPI final values are better than expected, March 20 when the number of continuing claims for unemployment benefits reduction in crude oil inventories rose substantially, these factors have continued to rise for the U.S. dollar provides a strong fundamental support.


In addition, the European sovereign debt crisis, further escalation of the letter raised the demand for safe-haven buying U.S. dollars. Wednesday (24) Portugal, Greece's sovereign credit rating, after following the tragic Fitch (Fitch) down, which makes the already very weak trend of the euro continued to pressure. German government officials said Thursday, German Chancellor Angela Merkel and French President Nicolas Sarkozy in the bilateral talks on a financial assistance program to reach an agreement, Greece and plans including those from EU member states and the International Monetary Fund (IMF) assistance. The government official added that this agreement has been reached before the EU summit meeting. IMF program had not been settled in Greece, the European Central Bank President Jean-Claude Trichet's endorsement. Jean-Claude Trichet said, IMF assistance programs in Greece, without the participation of the European Union will be a very bad option. The statement after the announcement, the euro / dollar continued to go down and refresh the new 10-month low as 1.3267.


U.S. Department of Labor (Labor Department) weekly report released Thursday showed that as at March 20 the number of claims for unemployment benefits fell by 1.4 million, to 44.2 million; economists expected the reduction of 0.7 million people. March 13 when the week the number of initial claims for state unemployment Ji revised from 45.7 million 45.6 million people. As of March 13 the week continued for jobless benefits for the 4.648 million people, compared with the previous week's revised 4.702 million by the people decreased by 5.4 million people.


The United States March 20 claims for unemployment benefits fell more than expected, continued claims for unemployment benefits fell to the lowest since December 2008 level. This shows that the U.S. labor market conditions are getting better. The U.S. government's most troubled of the unemployment rate have a more marked improvement in the near future, which also strengthened the non-agricultural market information next week good predictions. U.S. Dollar Index gained strength this week, and hit a recent high of 82.24.


Beijing at 20:30 on April 2 the U.S. Labor Department will release the United States in March non-farm employment data, the market is widely expected in March non-farm data may be suggesting the U.S. job market, the worst was over. The median forecast of economists showed that the United States in March non-farm payrolls to rise by 16.8 million people, the unemployment rate expected unchanged at 2 months of 9.7%.


丹麦丹斯克 Bank (Danske Bank) in a research report said, "despite the February non-farm employment is still reduced, but there are many indications that in March non-farm data is very likely to increase substantially." The agency expects the United States 3 non-farm payrolls will increase by 40 million people, this is by far the most authoritative media survey done by an agency of optimism.


Jane Foley director of currency research at Forex.com, said in March non-farm employment data may have to give up when the Federal Reserve has always been a "long period of time to maintain low interest rates" the position has a great influence.


Japan's Tankan report or an important benchmark for the market

Looking next week, Japan's quarterly Tankan report or will be the next market leader. In addition, a number of economic data in Germany and the euro zone unemployment rate will also be the focus of investor attention. The so-called Tankan report, which the Japanese government would be nearly 10000 enterprises on a quarterly basis for future industrial trends survey of business confidence in the short-term economic prospects, as well as present and future economic conditions and outlook for corporate profits. Negative results indicated the companies are pessimistic about the economic outlook was more optimistic about the company, while the positive economic outlook, said the company was optimistic than pessimistic about the company. Japan late last year, business investment continues to be weak, but show signs of improvement, business has increased its electronics, automotive and chemical products, production inputs, in order to meet growing Asian demand for orders. According to historical show that the Government of Japan quarterly Tankan business reporting data highly representative, can accurately forecast the economic trends in Japan's future, so with the stock market and the yen exchange rate fluctuations there is considerable linkage between them.


Historical data from observation, the uncertainty of Japan's economic development still exist. Economic growth in the previous quarter, primarily driven by domestic demand, which contributed to the GDP annual growth rate of 2.1 percentage points, along with exports, which then contributed 2.2 percentage points. (The remaining 0.3 percentage points from the public demand). This may show that Japan's economy is gradually recovering its balance, good-bye (in the past two quarters) to rely on external demand to economic growth. But the fact is not true.


Almost all the increase in private consumption expenditure on durable goods came from, such as automobiles and electronic equipment to buy, thanks to last year the Government introduced a subsidy program. Auto subsidies ended in September, while in December, household appliances, subsidies have also come to an end. Once the cost of consumer durables is not included in the information, then the 4th quarter, private consumption expenditure in a downturn it was like. Wages fall and unemployment remains high, although below last year's July peak of 5.7%, but still hovering at more than 5%, which is higher than Japanese standards. Household consumption in 2009, but the overall decline in sales of Bean Sprouts has jumped 10% more than in Japan, the bean sprout is tighten its belt to survive the traditional food.


The rest is exported, it is out of the economic recession in Japan's formal path. Japan's exports has brought huge profits, while domestic demand in the proportion of GDP, account for almost 60%. The economic recovery is still fragile. The fourth quarter of last year, Japan's largest export destination of trade in China, in December alone, Japan, China's trade volume increased by 43%.


Japan's budget deficit forecast for this year's GDP, 7.8%. The International Monetary Fund (IMF) projections Japanese If you want to before 2030, the debt ratio fell to 80% of the total GDP, it is necessary between now and 2020 to reduce its structural deficit, GDP, 13.4%. This is much higher than in other countries need to do to adjust the amount, not to mention the International Monetary Fund for other countries, has set a target debt to GDP ratio will be reduced to 60%.


According to the latest survey, the world's foreign exchange strategists believe that Japanese investors to invest abroad because of the scale has returned to the 2007 financial crisis, the highest level since the outbreak, which would boost the yen depreciated against the dollar before the end of 8 percentage points .


Analysts point out that Japanese investors are buying Chinese stocks in Brazil a large number of bonds, they are in Japan Post Bank (JapanPostBankCo.) maturity deposits, the amount of re-investment has been hit the most in nine years; this trend will drive the dollar / yen in the before the end of the year rose to 98, but according to statistics, the Japanese yen this year against the world's 155 kinds of currency devaluation is only 8.


By the Japanese near-zero interest rates, sluggish economic situation, deflation, and retired people looking for more investment income and so the driving force of the impact of Japan is continuing outflow of domestic capital. Japan Post Bank 3-year deposits, the "fixed income" only 0.11%, while Brazil's largest private bank money market accounts ItauUnibancoSA annual income is as high as 6%.


Strategist SoichiroMori said: "Having to invest abroad more and more elderly people, they have good plans for the future, the funds invested in overseas markets with higher returns."


Japan, another important retail investment power: Housewives investor base current bullish sentiment on the dollar for at least since last June, the highest level. Last year, accurately predicted the trend of yen National Australia Bank (NationalAustraliaBankLtd.) expects the dollar / yen will be based on the existing offer up 10% to reach 100 by the end of an integer mark.


EUR / USD:

EUR / USD by the further escalation of the impact of sovereign debt crises weakening again, the exchange rate to break the pattern of the recent consolidation and continued downward. EUR / USD bearish indicator on map due to the short-term moving average system winding down, MACD and stochastic indicators are bearish, but the latter in the oversold region, suggesting that the exchange rate within a narrow range near term consolidation or dumped on the downlink. The currency below the key psychological support level at 1.3200; if below the bit will trigger a further downward trend downward targeting 1.3100, look at 1.3090 (March 4 low of 1.2455 hit in 2009 Zhi touched on November 25 2009 between the high point of 1.5144 Fibonacci 76.4% correction). Upside capped at 1.3388 (yesterday's high point); break will reverse the recent decline, and will further up to 1.3432 (March 2 low), look at 1.3507 (Wednesday high point).


Foreign institutions Tokyo Forex & Ueda Harlow foreign exchange trader said Masanobu Ishikawa, the European Union summit so far there is no constructive conclusions published, it will be the euro at present the biggest risk events; while Portugal suffered another downgrade, it also caused investors to the euro that in other high-risk countries concerns. In addition, within the euro area as fragmented, which showed that the structural defects within the region is very serious, or make the euro continued to pressure, and further weakness in the afternoon.

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U.S. dollar fell against the euro, 26, New York, gold futures rose sharply

The dollar's drop against the euro, the impact of the New York Mercantile Exchange gold futures contracts in April rose 11.4 U.S. dollars an ounce on the 26th, to close at 1104.3 U.S. dollars, or 1%.

25, the leaders of the euro area member states to reach agreement on the rescue package Greece. Based on these programs, once in trouble, Greece, the euro zone countries and the IMF will jointly provide relief to Greece. The news of the Greek investors to ease the concerns of the debt crisis and stimulate the euro against the dollar, boosting gold prices higher.

Reuters and the University of Michigan, jointly announced on the 26th according to a report in March U.S. consumer confidence index was 73.6, higher than market expectations. The news made investors risk appetite improved, to suppress the weaker U.S. dollar, thus promoting the gold rose sharply.

In addition, the May delivery price of an ounce of silver futures rose 16.5 cents to close at 16.906 U.S. dollars, for delivery in April platinum futures prices fell 10.4 U.S. dollars an ounce to close at 1596 U.S. dollars.

The dollar's drop against the euro, the impact of the New York Mercantile Exchange gold futures contracts in April rose 11.4 U.S. dollars an ounce on the 26th, to close at 1104.3 U.S. dollars, or 1%.

25, the leaders of the euro area member states to reach agreement on the rescue package Greece. Based on these programs, once in trouble, Greece, the euro zone countries and the IMF will jointly provide relief to Greece. The news of the Greek investors to ease the concerns of the debt crisis and stimulate the euro against the dollar, boosting gold prices higher.

Reuters and the University of Michigan, jointly announced on the 26th according to a report in March U.S. consumer confidence index was 73.6, higher than market expectations. The news made investors risk appetite improved, to suppress the weaker U.S. dollar, thus promoting the gold rose sharply.

In addition, the May delivery price of an ounce of silver futures rose 16.5 cents to close at 16.906 U.S. dollars, for delivery in April platinum futures prices fell 10.4 U.S. dollars an ounce to close at 1596 U.S. dollars.The dollar's drop against the euro, the impact of the New York Mercantile Exchange gold futures contracts in April rose 11.4 U.S. dollars an ounce on the 26th, to close at 1104.3 U.S. dollars, or 1%.

25, the leaders of the euro area member states to reach agreement on the rescue package Greece. Based on these programs, once in trouble, Greece, the euro zone countries and the IMF will jointly provide relief to Greece. The news of the Greek investors to ease the concerns of the debt crisis and stimulate the euro against the dollar, boosting gold prices higher.

Reuters and the University of Michigan, jointly announced on the 26th according to a report in March U.S. consumer confidence index was 73.6, higher than market expectations. The news made investors risk appetite improved, to suppress the weaker U.S. dollar, thus promoting the gold rose sharply.

In addition, the May delivery price of an ounce of silver futures rose 16.5 cents to close at 16.906 U.S. dollars, for delivery in April platinum futures prices fell 10.4 U.S. dollars an ounce to close at 1596 U.S. dollars.The dollar's drop against the euro, the impact of the New York Mercantile Exchange gold futures contracts in April rose 11.4 U.S. dollars an ounce on the 26th, to close at 1104.3 U.S. dollars, or 1%.

25, the leaders of the euro area member states to reach agreement on the rescue package Greece. Based on these programs, once in trouble, Greece, the euro zone countries and the IMF will jointly provide relief to Greece. The news of the Greek investors to ease the concerns of the debt crisis and stimulate the euro against the dollar, boosting gold prices higher.

Reuters and the University of Michigan, jointly announced on the 26th according to a report in March U.S. consumer confidence index was 73.6, higher than market expectations. The news made investors risk appetite improved, to suppress the weaker U.S. dollar, thus promoting the gold rose sharply.

In addition, the May delivery price of an ounce of silver futures rose 16.5 cents to close at 16.906 U.S. dollars, for delivery in April platinum futures prices fell 10.4 U.S. dollars an ounce to close at 1596 U.S. dollars.
The dollar's drop against the euro, the impact of the New York Mercantile Exchange gold futures contracts in April rose 11.4 U.S. dollars an ounce on the 26th, to close at 1104.3 U.S. dollars, or 1%.

25, the leaders of the euro area member states to reach agreement on the rescue package Greece. Based on these programs, once in trouble, Greece, the euro zone countries and the IMF will jointly provide relief to Greece. The news of the Greek investors to ease the concerns of the debt crisis and stimulate the euro against the dollar, boosting gold prices higher.

Reuters and the University of Michigan, jointly announced on the 26th according to a report in March U.S. consumer confidence index was 73.6, higher than market expectations. The news made investors risk appetite improved, to suppress the weaker U.S. dollar, thus promoting the gold rose sharply.

In addition, the May delivery price of an ounce of silver futures rose 16.5 cents to close at 16.906 U.S. dollars, for delivery in April platinum futures prices fell 10.4 U.S. dollars an ounce to close at 1596 U.S. dollars.

xunG     uploadeb     freaksharp


U.S. dollar against the yen on the 24th is expected to shock the middle lane for the direction of short-term and short -

23 U.S. dollars against the yen shock finishing, slight. Zhao Yan Academy of Social Sciences in Beijing that the exchange rate shock on the 24th is expected to seek short-term and short-midline direction, strong pressure of 91.50, strong support of 89.30.


Zhao Yan, Chinese Academy of Social Sciences Ph.D. in economics in Beijing March 24 that the U.S. dollar against the yen on the 23rd shocks organize, slight, the exchange rate on the 23rd day of high 90.45, Japan and a low 90.05, the closing session at 90.40 near the finish; day rise and fall rate of 0.29%, Japan and Up or 0.26, to close at 90.39.


Technical indicators show that the short-term exchange rate system and 30-day moving average was rampant-day moving average convergence gather momentum, the exchange rate in the meantime and 30-day moving average (90.14), Office of the vicinity, indicating a short midline is difficult to distinguish long-short suspense, does not rule out the shock in the more wide - the direction of seeking a short midline possibility of short-term bearish or bullish. The exchange rate if the firm at 90.40 on top of the short-term bullish, short-term support at 89.90,89.30, short-term pressure at 90.90,91.50; 90.20 and 90.60 (median 90.40) were short-term exchange rate to the space and the number of boundaries.


Zhou technical indicators show that the exchange rate in the 30-week moving average (90.38), Office of the vicinity, indicating the center line is difficult to distinguish long-short suspense, do not rule out shocks to seek the middle lane width direction possible; the exchange rate if the firm at 90.10 on the high side then the contour , the broken line to a multi-90.90 weeks, the next line break 89.40 weeks to air, the pressure contour at 91.00, weekly line support at 89.40; 89.40 and 90.90 (median 90.10) were contour targets to space and the number of line.


The exchange rate is roughly in the medium to long term to increase the probability of an empty; the center line is difficult to distinguish long-short suspense, does not rule out shocks in the more wide to seek the direction of the center line of the possible; short-long-short suspense is difficult to distinguish the center line, do not rule out shocks in the more wide - to seek short-run direction of the center line of the possible short-term bearish, or origin; weeks below the line if it is under pressure from the 89.40 contour to the air, if it is under pressure from the 90.10 contour bearish on the broken line of 90.90 weeks to a multi-; on-line if the next short-term break 90.20 to the air, under pressure from 90.40 under the short-term bearish on the short-term to multi-90.60-breaking is expected to shock finishing position.


band low-level increases the probability of a reboundShort-term fluctuation analysis shows that temporary exchange rate has been carefully determined from the high band, April 6 high of 101.43 has continued to slow into the five-wave shock fluctuations in the probability of relatively large; the exchange rate is now probably running in self-sustained slow since 101.43 down triangle shape with the expansion shock fluctuations in the five-wave fluctuations in the extension of decline has been in the November 27 low of 84.83 to enter the said form of four waves (a larger level) rebound, in the band high on January 8 High 93.76 the end of four-wave shocks rebound into the 5-wave shock or the probability of increase; exchange rates may have since the band is now February 19 high of 92.13 on a high earthquake fell into the five-wave in the first fall in three waves, and has a low-band March 4-point low of 88.14 to enter one end of the three-wave 3-wave 2, there is the probability of a rebound is not precluded from March 12 has been a high 91.07 on two rebound near the end of the three-wave 3-wave 3 enter the shock fluctuations possible. The market exchange rate in the short-term by supporting access to higher levels of short-term shocks or the possibility of a rebound remain vigilant; the same time, the market pressure into the short-term shocks to the exchange rate re-order or even the possibility of sustained shock or vigilant. Important medium-term trend line pressure in the 91.50-92.50 area, if the break 92.50-93.00 on the first line, then the wave counts need to be amended, that is, from 84.83 to enter the big-, if the break-band high 93.76 a rebound goal line then the intermediate or provisional look at the 95-96 area.


24, the exchange rate volatility is expected to seek short-term and short-midline direction, facing the direction of choice. Strong pressure to 91.50, the weak pressure of 90.90; strong support for 89.30 and weak support for 89.90.
band low-level increases the probability of a reboundShort-term fluctuation analysis shows that temporary exchange rate has been carefully determined from the high band, April 6 high of 101.43 has continued to slow into the five-wave shock fluctuations in the probability of relatively large; the exchange rate is now probably running in self-sustained slow since 101.43 down triangle shape with the expansion shock fluctuations in the five-wave fluctuations in the extension of decline has been in the November 27 low of 84.83 to enter the said form of four waves (a larger level) rebound, in the band high on January 8 High 93.76 the end of four-wave shocks rebound into the 5-wave shock or the probability of increase; exchange rates may have since the band is now February 19 high of 92.13 on a high earthquake fell into the five-wave in the first fall in three waves, and has a low-band March 4-point low of 88.14 to enter one end of the three-wave 3-wave 2, there is the probability of a rebound is not precluded from March 12 has been a high 91.07 on two rebound near the end of the three-wave 3-wave 3 enter the shock fluctuations possible. The market exchange rate in the short-term by supporting access to higher levels of short-term shocks or the possibility of a rebound remain vigilant; the same time, the market pressure into the short-term shocks to the exchange rate re-order or even the possibility of sustained shock or vigilant. Important medium-term trend line pressure in the 91.50-92.50 area, if the break 92.50-93.00 on the first line, then the wave counts need to be amended, that is, from 84.83 to enter the big-, if the break-band high 93.76 a rebound goal line then the intermediate or provisional look at the 95-96 area.


24, the exchange rate volatility is expected to seek short-term and short-midline direction, facing the direction of choice. Strong pressure to 91.50, the weak pressure of 90.90; strong support for 89.30 and weak support for 89.90.

xunG     uploadeb     freaksharp


Stocks a record high U.S. dollar prices continue to rise

Message level, the German first release of the signal, indicating it may accept the European financial aid Greece. A senior government official in Germany, German Chancellor Angela Merkel said that Greece would only agree to provide financial aid, as if the State can not in the capital market to raise funds last resort. Sources said Merkel also said Germany only agreed to a kind of assistance that the forthcoming bilateral aid and the International Monetary Fund (IMF) assistance to set up. The week's EU summit will not make a decision on assistance to Greece.

The San Francisco Federal Reserve president Janet Yellen said that economic growth is likely to remain moderate, inflation pressure, which made the U.S. Federal Reserve to keep interest rates within a period of time at a record low of yuan. Yellen said the job market despite signs of stabilizing, but the unemployment rate is likely in the next few years to maintain at a high level. A firm footing with the economic recovery, the Fed raised short-term interest rates, the time will be ripe. To this end, the Fed may raise bank reserve ratio in order to stimulate other short-term interest rates to rise. Yellen also said the Fed's loose monetary policy are appropriate, but when the appropriate situation, she would support raising interest rates.

United States President Barack Obama to sign a comprehensive health care reform bill into law, putting an end to this historic motion, its up to one year, and often obstruct the passage of a malicious process, which will become the most important since Obama became president performance.

Information, the National Association of Realtors (NAR) announced that the U.S. February existing home sales fell by 0.6% annual rate of 5.02 million, estimated at 5 million, in January it will still be a revised annual rate of 5.05 million. U.S. February existing home sales fell for three consecutive months, the market supply of unsold homes surged, indicating the housing market is still trying to solid footing. However, sales fell less than expected, so that markets have been relieved. The U.S. Federal Housing Finance Agency (FHFA) announced that monthly house prices in January fell 0.6 percent, the annual decline of 3.3%.

The stock market, technology stocks, industrial stocks and materials stocks led the gains, promoting the U.S. stock market Tuesday hit its highest close for 18 months. Among them, the Dow Jones industrial average rose 102.94 points, or 0.95%, to 10,888.83 points.

Bond market, U.S. bond prices fall. Prior-year bond auction results and some disappointing rise in the stock market weakened bonds safe-haven appeal, while the information in February existing home sales fell less than expected, but also a drag on longer-term bond prices lower. But the decline was limited due to concerns about the debt problems of the Greek to reproduce. Among them, the U.S. benchmark 10-year Treasury note rose to 3.69%; year note's yield was unchanged at 0.99%.

Commodity markets, NYMEX crude oil futures to provide strong support for U.S. stocks, but gains were limited by a stronger dollar. NYMEX-5 crude futures settlement price closed up 0.31 U.S. dollars, or 0.38%, to 81.91 U.S. dollars a barrel. Previously published information on the U.S. housing market led investors optimism about the economy, and pushed to help risk appetite, COMEX-4-month settlement price of gold closed up 4.20 U.S. dollars to close at 1,103.70 U.S. dollars an ounce.

The foreign exchange market, as investors worried that the euro zone policy-makers does not seem to be held later in the week to a summit in Greece to provide rescue, hedging the foreign exchange market sentiment remains the same, the dollar index rose to 80.974. Where

The euro against the dollar: down 0.4%, to 1.3500 U.S. dollars, after earlier as low as 1.3477 U.S. dollars. The short term, the euro will test the support of 1.345, which is the euro rose to 1.5141 from 1.2457 waves up to 61.8% retracement. Should it fail, the euro's decline in the new space will be open.

U.S. dollar against Japanese yen: a few remained unchanged, reported ¥ 90.46. The current situation, 200-day moving average will be the U.S. dollar against the yen CBBC boundaries. In the short term, the yen is still expected to challenge the 200-day moving average of the exchange rate of repression, but the effective breakthrough is unlikely. Below the previous low of 88.50 and the U.S. dollar against the yen exchange rate is below the important support.

Pound against the dollar: down 0.3%, to 1.5001 U.S. dollars. Sterling is currently no touching the bottom of the sign of a period of time probably will remain weak. In the Japanese charts, the pound is still in a downward spiral within the 1.3657-1.7030 rise is currently subject to 61.8% of the return wave stalls bracing (1.4945), once the bit below that point, the exchange rate will be 1.46 ahead.

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