Gold Rush international financial exchange market briefing (0801) - Forex wireless

Forex wireless

8/02/2008

Gold Rush international financial exchange market briefing (0801)

First, the global financial markets yesterday%26#39;s closing prices index closed Change China%26#39;s Shanghai Index 2775.72 -60.95
Nikkei Index 13376.81 +9.02
The Hang Seng Index 22731.10 +40.50
The Dow Jones Index 11378.00 -205.67
The Nasdaq composite index 2325.55 -4.17
S %26amp; P 500 1267.38 -16.88
Germany%26#39;s DAX index 6479.56 +19.44
Second, Europe and the United States stock market Summary of the U.S. stock market, closed down Thursday, the latest week for the first time jobless claims in April 2003 Year of the highest level since the U.S. Federal Reserve Board (Federal Reserve, referred to Fed) Chairman Alan Greenspan former ( Alan Greenspan), are the remarks showed that the U.S. economy has entered recession or close. European stock markets, closed slightly lower Thursday, as there are signs that U.S. economic growth slowed down. Previously released U.S. economic data the market worried about the U.S. economy is close to brink of recession.
U.S. stock market, the Dow Jones industrial average closed down 205.67 at the latest, to 11378.02 points, or 1.78 percent, the index has gained 0.1 percent this week, two days rose 450 points. The Dow Jones index in July was up 28 points, or 0.2 percent, for the past nine months to achieve the second monthly rise, up until a month is April. The Standard %26amp; Poor%26#39;s 500 index fell 16.88 points to 1267.38 points, or 1.31 percent, the cumulative index in July fell 1 percent for the second consecutive month decline, in the past nine months the index has dropped in seven months. The Nasdaq composite index fell 4.17 points to 2325.55 points, or 0.2 percent of the index in July was up 1.4 percent for the past five months, four months on the rise. European markets, Britain%26#39;s FTSE 100 index fell 0.2 percent, to 5411.9, while the French CAC-40 index fell 0.1 percent, to 4396.7, Germany%26#39;s DAX index rose 0.3 percent to 6479.6 points.
Third, gold Energy New York Mercantile Exchange (NYMEX) crude oil futures fell Thursday, smashing the long rebound in oil prices on the vision, the concerns continue to demand weighed on the market. NYMEX08 in September NYMEX crude oil futures settled down 2.69 U.S. dollars to 124.08 U.S. dollars a barrel, or 2.1 percent.
The New York Mercantile Exchange (COMEX) gold closed higher Thursday, due to signs of rising inflation and the weaker dollar, mainly by the United States a week for the first time jobless claims data were weaker than expected drag, but the fall in oil prices limited the gold Increases. COMEX08, August gold fell 14.10 U.S. dollars to 912.30 U.S. dollars an ounce, off the intraday record of the five week low of 902.70 U.S. dollars.
Fourth, the international foreign exchange markets of New York, Thursday, the U.S. dollar against the euro and the yen lower, after oscillating trend. Two disappointing U.S. economic data on Thursday before the city triggered a large-scale dollar selling. The euro has been higher overnight, the euro zone inflation report to promote. However, after the dollar rebounded as investors scheduled for Friday for the release of nonfarm employment to prepare for. Although the data is not expected to improve the people%26#39;s views on the U.S. economy, reflecting the dollar%26#39;s decline conditions may be considered to buy dollars, the opportunity to sell euros. The euro in the U.S. gross domestic product data released after two days of exploration on the high points to 1.5701 U.S. dollars, the Commerce Department said second-quarter GDP growth of 1.9 percent, lower than the 2.3% increase expected. At the same time last year, fourth-quarter GDP rose by 0.6 percent after the downward revision to decline 0.2 percent. In addition, the U.S. Labor Department said initial jobless claims last week, the number rose to five-year high. However, the data is partly due to increased government extended unemployment benefits for time. Eurostat released the night before, the 15 euro zone countries in July consumer price index rose 4.1 percent, which has increased the European Central Bank interest rate increase later this year, the possibility is also detrimental to the dollar. However, investors Thursday in the euro dropped about 1 cents a share. The dollar is to promote the Chicago Purchasing Managers index, the index rose in July, after the end of a period of decline. In addition, the European Central Bank report quoted unnamed sources as saying that euro zone interest rates may have peaked, which weakened the CPI data on the beneficial effects of the euro, boosted the dollar. The past few days positive dollar sentiment is also promoting the dollar%26#39;s rally may be one of the reasons why. Meanwhile, the Australian dollar fell to 0.9399 U.S. dollars of the six-week low, the reasons for including the Australian economy show signs of slowing down, commodity prices fell and the dollar relatively strong overall performance.
Euro / dollar (EUR / USD)
1.5450/1.5350 support, the resistance 1.5700/1.5800
Sterling / dollar (GBP / USD)
1.9700/1.9600 support, the resistance 1.9900/2.0000
U.S. dollars / CHF (USD / CHF)
1.0350/1.0250 support, the resistance 1.0575/1.0675
Dollar / yen (USD / JPY)
106.50/105.50 support, the resistance 109.00/110.00
Aussie / dollar (AUD / USD)
0.9300/0.9200 support, the resistance 0.9500/0.9600
Dollar / Canadian dollar (USD / CAD)
1.0125/1.0025 support, the resistance 1.0350/1.0450
5, important data today 07:30 Australia in July AIG / PWC performance of manufacturing index 47
07:50 Japan%26#39;s foreign exchange reserves in July (100 million U.S. dollars) (0801-0806 released) 10015.49
08:30 Australia in July TD-MI inflation index (on rates) 0.50% impact ★
08:30 Australia in July TD-MI inflation index (annualized) 4.80% impact ★
14:30 Australia in July RBA commodity price index 7.20 percent
15:50 France in July CDAF / RBS manufacturing PMI 47.3 final
15:55 Germany in July NTC / BME manufacturing PMI 50.9 final
16:30 July CIPS / RBS manufacturing purchasing managers index 45.8
20:30 U.S. July non-farm payrolls population change (000) -6.2 impact ★ ★ ★
20:30 U.S. July the average hourly wage (annualized) 3.40%
20:30 U.S. July the average hourly wage (on rates) 0.30%
20:30 U.S. July average weekly working hours (hours) 33.7
20:30 U.S. July unemployment rate of 5.50 percent impact ★ ★ ★
20:30 U.S. July manufacturing employment population change (000) 1.60%
22:00 U.S. June construction spending impact ★ -0.40%
22:00 U.S. July ISM production index 51.5
22:00 U.S. July ISM employment index 43.7
22:00 U.S. July ISM inventory index 51.2
22:00 U.S. July ISM prices paid index 91.5
22:00 U.S. July ISM new orders index 49.6
22:00 U.S. July ISM manufacturing index 50.2 impact ★ ★ ★
22:30 ECRI leading indicator of the United States last week (up to 0726) 129.3
6, the important financial events 00:30 today in Washington the White House Council of Economic Advisers members Mellon (Donald Marron) to enhance the U.S. economy delivered a speech in Washington 01:00 U.S. Treasury Secretary Paulson on the U.S. market and the economy delivered a speech 23:00 Washington, the U.S. Treasury Department assistant secretary Swabian Georgia held a news conference, recalled in June to discuss economic indicators economic situation in Switzerland and the U.S. markets closed for national holiday Disclaimer: The above analysis for reference purposes only and does not constitute intervention recommendations. Foreign exchange investment risk , Prudent decision-making!

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