If the oil price to 200 Biao Asian GDP will be eaten up 1.5 percentage points - Forex Trading

Oil prices in the fastest half-year period Biao to 200 U.S. dollars a barrel is rampant, if so, the Asian economic growth could be eaten at least 1.5 percentage points more than the average inflation rate rose 3.5 percentage points, higher interest rates may accelerate the widespread, And most of the current account performance is likely to worsen.
Business Times reported, according to Citigroup forecast that if oil prices before the end of the year hit 200 U.S. dollars, for most Asian economies, namely, that oil represents the ratio of nominal GDP will exceed the 1980 peak level.
By then, Asia's economic growth rate may be at least 1.5 percentage points more than eat, Indonesia, Malaysia, Thailand, Taiwan, and other energy-intensive industrial structure is highly who suffered impact will be greater, but the Chinese mainland, India's economic growth is expected Oil price subsidies measures implemented by the Hu Chi. But if the high oil price shock endure, then to a de facto, the Asian emerging economies will be forced to stop subsidies.
Citigroup also predicted that oil prices will be 200 U.S. dollars in Asia to the average inflation rate rose 3.5 percentage points, while the majority of Asian countries may drag the current account performance, in particular, South Korea, the Philippines, Taiwan, Thailand and other countries.
As for the Asian currency exchange rates, Goldman Sachs analyst Buchanan believes that trade will depend on whether the strength of strong or weak and divided into three classes and the interest rate increase. China, Malaysia, Singapore and other countries of the exchange rate is expected to be its huge current account surplus of support for the Philippines, Indonesia, India and other countries of the currency, relative to the dollar will very likely be the most fierce criticism; Vietnam, South Korea, although the exchange rate will also be By the impact, but a lesser extent.

The Government of Panama to buy rice to promote stability in the price of rice paddy production - Forex Trading

Panamanian President Martin Torrijos announced here on the 26th, the Panamanian government will purchase the farmers produce all the rice, and discount to consumers, aimed at stabilizing the price of rice, while promoting local rice production.
Martin Torrijos to farmers that the Government will direct the hands of their acquisition of all rice production this year. At the same time, the National Bank of Panama will also provide preferential loans to farmers and encourage them to produce rice and other food crops, deal with food shortage crisis.
Torrijos said that the government hoped that through these initiatives, to Panama last year, less than 58,000 hectares (1 hectare of 10,000 square meters) of rice cultivation area increased to 70,000 hectares, corn acreage increased to 20,000 public Ares.
Panama for the 20 percent dependence on rice imports. The impact of rising global grain prices last year, April to April this year, Panama rice prices rose 15 percent. (If the party Qi Xuan Lin)

SELA will hold an emergency meeting to discuss the world food crisis - Forex Trading

According to the news from Caracas, the Latin American and Caribbean economies on the 26th that will be convened in Caracas different international bodies to hold an emergency meeting to discuss the world food crisis.
The agency said in a communique, the Latin American economies have reason to hold an urgent high-level meeting in order to analyse the food crisis, exchange, the proposed action in the region, through the use of regional cooperation mechanisms should now the world food crisis. Now recognized international institutions attending the humanities Affairs Office of the United Nations, the World Food Programme, the UN Food and Agriculture Organization, the Inter-American Development Bank, the World Health Organization, the Pan-American Agricultural Cooperation Association. Hope that the meeting may determine the course of action in order to develop a Latin American and Caribbean regional cooperation in food safety plan, it should be the organization's member countries in November this year at the Latin American Council meeting through. Latin American and Caribbean meeting will be the prospect of food crisis, it may be the consequences in the region may be made to answer. June 3 to 5 will be held in Italy on the United Nations FAO's food security summit. Caracas, the meeting will also discuss the rise in food prices: SELA a proposal document, the food crisis in the forecast, so far to respond to crises of the main answer to the nature. (Enditem)

Australia and Chile completed a free trade agreement negotiations - Forex Trading

Australian Trade Minister Simon - clindamycin on the 27th, Australia and Chile have successfully completed free trade agreement negotiations, is expected to formally signed in late July.
Krein said the agreement was approved by the two countries, is expected to be in January 2009 came into force. From the date of entry into force until 2015, merchandise trade tariffs will be phased out. Agreement at the same time relax the area of investment services and related provisions.
At present, there are more than 70 Australian companies have investment projects in Chile. The bilateral trade volume between the two countries each year up to 850 million Australian dollars (about 1.0435 Australian dollar).
Australia has with the United States, New Zealand, Thailand and Singapore signed a free trade agreement with Japan, China, Malaysia and the Gulf countries are also related to negotiations in progress.

Early Asian trading on the 28th Philippine peso fell against the dollar - Forex Trading

Comprehensive foreign May 28, on the 28th early Asian trading, the dollar against the Philippine peso hit on the 27th from a six-month high points down, because banks in the overnight drop in oil prices after the choice of profit-taking.
Philippine peso against the dollar after trading between 43.57-43.64 pesos, on the 27th to close at 43.75 pesos, a moderate turnover.
Local banks, dealers said the dollar or a little excessive, banks will be expected to reduce long dollar positions, and the remaining trading hours of the dollar in the 43.50-43.70 range fluctuations in the peso.
-- 10:00 am, the dollar / Philippine pesos to 43.65 pesos.

Asia City on the 28th after the euro against the U.S. dollar lower - Forex Trading

Comprehensive foreign May 28, Asia City on the 28th after the euro against the dollar lower, a large Japanese banks, dealers said, mainly because of weak oil prices continue to stimulate investors to buy back dollars the euro against the yen will also decrease. The dealer added that while lower crude oil prices overnight, but still at a high level, which means that dollar buying will not last long; In view of the euro zone economic fundamentals, the euro was still a strong dollar, the euro against the dollar soon possible Rebound.
The euro against the U.S. dollar is expected to fluctuations in the dollar between 1.5620-1.5700; intraday high at 1.5696 U.S. dollars. The euro was at 163.00-163.60 yen at this stage is expected between fluctuations; reported as 163.22 yen, the intraday high of 163.70 yen.
-- 9:59, the euro against the dollar at 1.5694 U.S. dollars.

On the 28th NT dollar rose to 30.544 yuan morning - Forex Trading

Comprehensive foreign May 28, on the 28th NT dollar rose NT 30.544 yuan morning, on the 27th to close at 30.540 yuan, the eve of foreign banks in non-deliverable forwards principal (NDF) has substantially narrowed after the discount Buy dollars, dealers said, a major oil refining enterprises of all authorities in the vicinity of 30.540 yuan to buy about 40 million U.S. dollars.
Dealers said, to date, found no significant local importers and exporters trading. Most of the inter-bank trading transactions only. The remaining time before the city is expected to range for 30.500-30.600 yuan.

Hong Kong dollar early on the 28th to move up to 7.8057 Hong Kong dollar - Forex Trading

Comprehensive foreign May 28, the Hong Kong dollar on the 28th to early gains, dealers said rising inflation triggered the United States follow suit directly buying, pushed the dollar in the overnight Hong Kong dollar rose to four-month high of 7.8064. Hong Kong dollar 7.8057 dollars at the latest, on the 27th late at 7.8056 Hong Kong dollar.
Traders believe that, taking into account the rise in oil prices and inflation, the market is being cut from the rate hike cycle to cycle. The current exchange rate levels may exist near the profit-taking selling, dollar today is expected to be operating in the Hong Kong dollar between 7.8030-7.8080.

Asian intraday trading on the 28th Australian dollar rose to 0.96 U.S. dollars - Forex Trading

Comprehensive foreign May 28, the Asian trading session on the 28th, the Australian dollar / dollar rebounded sharply to 0.9600 U.S. dollars, St George Bank trading manager Stuart Moore said it was the massive dollar selling by investors as well as the impact of air rolling, the Australian dollar In the U.S. trading session on the 27th encountered selling.
Exchange rate has rebounded following the euro / dollar recovery trend, Aussie / dollar rebound with 1:30 GMT data released by the Australian construction not related. Expected resistance at 0.9630 U.S. dollars checkpoints near support at 0.9580 U.S. dollars.
-- 10:40, the Australian dollar / dollar at 0.9610 U.S. dollars.

Expect the dollar against the Swiss franc will be well supported by low - Forex Trading

According to Bank of Dafeng May 28, on the 27th by the German lower-than-expected consumer confidence index of pressure, the euro against the dollar by the high drop, thus drag the Swiss franc also fell from a high level, together with the U.S. housing data released by the slightly better-than - Expected to support the dollar against the Swiss franc rebounded from the low of 1.0224 to 1.0325 level.
Investors, since the global stock market movements have not yet clear, the Swiss franc is still expected to favor hedge funds, the low will be a good support, the proposed investors will be able to absorb the Swiss franc-designate.
Resistance at 1.0380 1.0430
Support at 1.0300 1.0250

U.S. dollar against the yen is expected to more repeatedly - Forex Trading

According to Bank of Dafeng May 28 news, 27, the U.S. announced in April new home sales data slightly better than market expectations, driven performance of U.S. stocks stabilized, with crude oil futures fell 3 U.S. dollars a barrel to 129.19, in turn, stimulates the dollar The yen rose to 104.32 Japanese high.
Investors, as market concern about the U.S. state of the economy, and the last paragraph of the United States this week will have a number of important economic data released, expect the dollar against the yen is repeated.
Resistance at 104.50 105.00
Support at 103.50 103.00

British pound against the U.S. dollar have the opportunity to support lowered 1.9630 - Forex Trading

According to Bank of Dafeng May 28 news, 27 pounds repeatedly softening in the trend. As the British real estate consulting firm Hometrack published in May house prices fell for the first eight months, the news has deepened investors in the British economic outlook bleak view, repeatedly pound against the U.S. dollar fell to 1.9717 level.
Investors, Britain is under rising inflation and economic slowdown double blow, it is expected to pound down the opportunity to test support at 1.9630.
Resistance at 1.9800 1.9850
Support at 1.9700 1.9650

U.S. dollar against the RMB on the 28th morning dropped to 6.9517 yuan - Forex Trading

Comprehensive foreign May 28 reported that the U.S. dollar against the RMB on the 28th in the Request trading market fell to 6.9517 yuan morning, on the 27th to close at 6.9559 yuan; price at 6.9408 yuan.
Traders said the cash impact of the lower price lower, but the strong demand from customers played a role in pushing up, especially large state-owned banks to buy dollars. Expect the dollar against the RMB on the 28th will easily break the closing price on the 27th level.
The euro was established in the price of RMB 10.8821 yuan, on the 27th to 10.9633 yuan. The 1-year U.S. dollar against the renminbi non-deliverable forwards principal at 6.5360 to 6.5410 yuan, on the 27th late at 6.5280 to 6.5330 yuan.

U.S. dollar against the RMB on the 28thfell to 6.9483 yuan - Forex Trading

Comprehensive foreign May 28 reported that the U.S. dollar against the RMB on the 28th in the Requestfell to 6.9483 yuan market, on the 27th to close at 6.9559 yuan; morning trading between the 6.9446 to 6.9540 yuan.
Dealers said that the exchange rate fell due to price was low, but throughout the morning the dollar strong demand because of customer demand in 27 day and night against the dollar and the G-7 currency higher. Added that at the last hour of trading dollar demand has been slow, but still expects the exchange rate on the 28th will be closed at 6.9500 yuan on.

U.S. dollar lower on the 28that 30.500 yuan - Forex Trading

Comprehensive foreign May 28 reported that the NT dollar on the 28thlower, due to overseas banks to sell U.S. dollars, suspected by the inflow of funds into the stock-related. 30.500 yuan against the U.S. dollar, the NT dollar to a session high of 30.590 yuan, on the 27th to close at NT 30.540 yuan.
Dealers said selling in exporters and importers are buying more active, but the modest size of transactions. Today, not Taiwan's central bank signs of intervention. The exchange rate is expected to investors or the yuan fluctuated between NT 30.480-30.520.

Asia City on the 28th after the dollar rebounded won - Forex Trading

Comprehensive foreign May 28, the city on the 28th Asia after the dollar rebounded won, local dealers, importers in the vicinity of active 1035-1036 Korean won to buy dollars. Dollars as at 1041.75 won, in intraday low of 1035.60 won, before the trading day to close at 1037.70 won. 1038.5-1042.5 expect the dollar to be won between fluctuations.
A local bank, dealers said on the 8th City, has been in continuous importers buy dollars. Another dealer said the dollar is unlikely to rise substantially, because of South Korea's central bank may still shots intervention to support the Korean won. The yen against the Korean won as at 10.0114 won, before the trading day to close at 10.0222 won.

Weak oil prices on the 28th Asian city after the euro down - Forex Trading

By weak oil prices continue to stimulate investors to buy back dollars drag on the 28th Asian city after the euro against the U.S. dollar slightly lowered to 10-day MA near. -- As of 13:20, the euro-dollar exchange rate was 1.5700.
One of the major Japanese banks, dealers said, mainly due to weak oil prices continue to stimulate investors to buy back dollars the euro against the yen will also decrease. The dealer added that while lower crude oil prices overnight, but still at a high level, which means that dollar buying will not last long; In view of the euro zone economic fundamentals, the euro was still a strong dollar, the euro against the dollar soon possible Rebound. The euro against the U.S. dollar is expected to fluctuations in the dollar between 1.5620-1.5700; intraday high at 1.5696 U.S. dollars.
European foreign exchange markets of Germany announced the first-quarter GDP was revised for the quarter increased by 1.5 percent the same period, private consumption increased 0.3 percent quarter rate, the rate of public expenditure quarter rose by 1.3 percent, machinery and equipment investment quarter rise in the rate of four percent, construction investment quarter rate of increase 4.5%. Germany June GfK consumer confidence index fell to 4.9, lower than the expected 5.8. French business confidence index in May from April%26#39;s 106 to 102, worse-than-expected 105. The data overall performance, in turn drag down the euro exchange rate.
European Central Bank governing Leibei Shu said that the euro zone price risks are still quite large, 08 euro zone inflation rate likely to remain in the vicinity of three percent. Eurozone economy remains solid, but he acknowledged that the economy is also subject to financial market instability, high oil prices and food prices troubles.
Following the April University of Michigan consumer confidence index hit the lowest level since 1980, yesterday announced the North American market in May U.S. consumer confidence index fell to 57.2, slightly lower than April%26#39;s revised 62.8, and worse-than-expected 60.0 , For the first five months of consecutive decline, attributable to consumers that the current situation and future prospects are very bleak. Fed Governor Keluozina that the U.S. housing market needs some time to fully recover, but in some areas to 08 before the end of that recovery can be.
U.S. May Dallas Fed manufacturing production index in April from 12.5 to 5.5. April Chicago Fed Midwest regional manufacturing activity index fell 1.7 percent, seasonally adjusted to 105.7, less than March%26#39;s 107.5. Besides the United States in May Richmond Fed manufacturing index in April from 0 to -3. Showed that the area in productive activities shrink.
Fed Governor Yellen said that the U.S. economy faces multiple challenges, and the inflation environment is worrying. However, the current monetary policy appropriate to deal with the challenges of the current economic environment, will now begin raising interest rates still too early to talk about. Fed is widely expected to end the six-month rate likely to remain at 2 percent benchmark interest rate unchanged. In addition paste the Fed released the minutes show that the discount rate, local banks worried that the labor market may be weakening. They said that economic growth is still facing a serious downside risk.

Asia City on the 28th British pound against the U.S. dollar to maintain rebound - Forex Trading

Asia City on the 28th session, the British pound against the dollar overnight extended periods in Europe and America since the pattern Hengpan shocks, volatility 1.9731/70, above the average repression on the 5th, held steady below 1.9730. Into the exchange rate adjustment will maintain a steady rebound in advance. -- As of 12:51, the British pound against the U.S. dollar pricing 0.9758/63.
British Bankers Association announced on the 27th of the data showed that British mortgage lending license in April from March%26#39;s revised 35,546 to 38,704, but less than six months before the 41,955 average, fell 39.4 percent year-on-year. Net mortgage lending in April from 5.2 billion pounds of 3 to 5.4 billion pounds, was by 13%. April mortgage loans also increased to 16.6 billion pounds from 17.8 billion pounds, but in dropped 6.3 percent. Relying on the frontline 71.80 dollars the day rebound, the initial resistance to see the top five week average 72.73, stronger resistance in the 20 week average 73.56. The dollar%26#39;s rally still more good news to support the United States, while concerned about whether the euro zone economic growth slowed down.
British and American investors in closed Monday after the return to the market, the European announced in early June the German GfK consumer confidence index from the upwardly revised 5.6 to 4.9 against the euro longs confidence, the dollar rebounded homeopathy. U.S. data released the same day performance, but oil prices fell and the stock market rebound may also brought to the dollar rebound kinetic energy. U.S. May consumer confidence for the first five months fell to 57.2, mainly consumers that the current situation and future prospects are very bleak. April new home sales rose 3.3 percent the previous month, the annual rate of 526,000 units, higher than expected price rise, the stock decline in new housing estates, but in new home sales performance and stability of the market, recalled the same period in existing home sales, its various aspects Indicators are poor, in addition, the first quarter of S %26amp; P / CS quarter of the U.S. housing price index down 6.7 percent, down 14 percent for the past 20 years, the largest decline, show that the U.S. real estate market is still weak. Various agencies released the same day the Federal Reserve%26#39;s manufacturing index fell. NYMEX crude oil futures ended lower on the 27th, the lack of new supply of favorable factors. July light, sweet crude oil futures contract settlement price 3.34 U.S. dollars to 128.85 U.S. dollars. COMEX gold ended lower on the 27th, oil prices fell sharply and the dollar triggered massive settlement site. June gold was down 17.90 U.S. dollars, or 1.9 percent, to 907.90 U.S. dollars an ounce.
On the 27th pounds repeatedly softening trend. As the British real estate consulting firm Hometrack published in May house prices fell for the first eight months, the news has deepened investors in the British economic outlook bleak view, repeatedly pound against the U.S. dollar fell to 1.9717 level. Investors, Britain is under rising inflation and economic slowdown double blow, it is expected to pound down the opportunity to test support at 1.9630. Support the resistance at 1.9800 1.9850-1.9700 1.9650.
The United States will moderate concern today announced the April durable goods orders.

Australian dollar against the U.S. dollar in Asia on the 28th after a moderate rebound - Forex Trading

Asia City on the 28th morning, the dollar continued to rebound, the Australian dollar against the U.S. dollar since late overnight continuation of the trend, and then in the city today after a moderate rebound in Asia, rose to 0.96. -- As of 12:48, the Australian dollar against the U.S. dollar at 0.9607/09, up 0.2 percent.
The dollar's rally and commodity prices fall, the Australian dollar lower. Australian dollar against the U.S. dollar yesterday fell shocks. City slightly in Asia, see high-0.9635 late, the European investors in early return to the market, then the German data released poor against the euro longs, the Australian dollar also fell rapidly, most of the session to recover lost ground, but access North American sessions, Australian dollar to follow other non-US currencies dropped.
Bank of America senior currency strategist pointed out that the Australian dollar may experience short-term amendment, but the second half of the year remains bullish. Comprehensive foreign May 28, Bank of America senior currency strategist John Rothfield said the Australian dollar against the U.S. dollar within the next few weeks may be softened to 55-day moving average of the 0.9350. Recommends that customers can withdraw from the charge of gambling and more Australian dollar because the market risk aversion sentiment warming, and economic growth is slowing down. The bank had proposed on March 4 to buy Australian dollars. Although the Fed is expected to Australia, the Australian first quarter GDP will grow 0.4 percent, but Rothfield said, will be June 4 of this report is expected to show the Australian first quarter GDP growth has not been achieved. He also said that the U.S. credit market losses will be worried about the expansion of the high-yield securities of reduced demand, which could lead to lower Australian dollar. He pointed out that the next two weeks there may be a trend not conducive to the situation in Australian dollars; Australian dollar so far this year have risen 9.6 percent, the Australian fixed-income assets of the additional yield will attract investors, while Australian economic growth Expected to gradually rise, so the exchange rate may be 08 years in the second half of resuming the rally. Rothfield said that the United States and Australia the second half of this year, the interest rate differential between the two countries will repeat itself, while coal and iron ore price increases will stimulate the Australian economy, this will be short-term support within the Australian dollar in the coming amendments to rise again after the two major factors .
Because the U.S. economy by the Chamber of Commerce in May consumer confidence index 57.2, down from the previous market expectations and results, and the April new home sales rate has slightly increased to 526,000, better than market expectations, because the data had mixed results , The Australian dollar performance leather, hovering near 0.96. Investors, the Australian dollar is expected to short-term trend of a lack of direction. Resistance at 0.9630 0.9680, 0.9530-0.9480 support.
Technical drawings, the Australian dollar against the U.S. dollar last week on the breakthrough Qie-shaped orbit, with long-MA plans, technical indicators overall strength, the dollar held steady week MA plans is expected to continue to expand upward (five weeks in average 0.95), but the greenback at the top The slightest deviation from average, this week may still be high shocks. USA Today will be published in April durable goods orders.

Yen in Asia on the 28th concussion after fall - Forex Trading

Asia City on the 28th session, the dollar was slightly down to 104 yen level. Overnight the dollar and sets income trading activities heat up, sentiment against the yen. U.S. dollar against the yen in the current consolidation range, short-term may continue to collate the current situation. -- As of 1:18 p.m., the dollar was at 104.01 yen.
On the 27th dollar rebounded against the yen stabilize, recover more days on the average short-term. Asia City exchange rate shocks stabilize lower to 103.22 after the rebound. European sessions to expand the reach of U.S. dollar against the yen, the North American market or the 104 level, opinions 104.34 blocked, the end to finish at 104.25. Dollar Japan announced in April corporate services price index, rose 0.1 percent, up 0.5 percent to 94.6 for the second straight 21 on a year-on-year rise, suggesting that raw material and energy prices to rise gradually infiltrated the overall prices, inflation has increased in Japan Uplink risk. Bank of Japan Governor Baichuan Fang-ming said that the central bank will continue to maintain a wait-and-see attitude until the economic situation and price situation tends to uncertainties, and that will not adjust interest rates. These statements further confirmed the Bank of Japan in no hurry to adjust short-term interest rates within the market expectations.
Following the April University of Michigan consumer confidence index hit the lowest level since 1980, yesterday announced the North American market in May U.S. consumer confidence index fell to 57.2, slightly lower than April's revised 62.8, and worse-than-expected 60.0 , For the first five months of consecutive decline, attributable to consumers that the current situation and future prospects are very bleak. Fed Governor Keluozina that the U.S. housing market needs some time to fully recover, but in some areas to 08 before the end of that recovery can be.
U.S. May Dallas Fed manufacturing production index in April from 12.5 to 5.5; general activity index in May from April's -23.4 to -10.3, but the level is still in decline. Fed Governor Yellen said that the U.S. economy faces multiple challenges, and the inflation environment is worrying. However, the current monetary policy appropriate to deal with the challenges of the current economic environment, will now begin raising interest rates still too early to talk about.
Fed is widely expected to end the six-month rate likely to remain at 2 percent benchmark interest rate unchanged. In addition paste the Fed released the minutes show that the discount rate, local banks worried that the labor market may be weakening. They said that economic growth is still facing a serious downside risk. Overnight crude oil prices fell to promote U.S. stocks rose overall, the Dow Jones industrial average rose 68.72 points to 12548.35 points, or 0.55 percent, the Standard & Poor's 500 index was up 9.42 points to 1385.35 points, or 0.68 percent. Market risk preferences rise, driven sets interest active trading, the yen under pressure so frustrated.

Asia City on the 28th late dollar lower against the yen - Forex Trading

Comprehensive foreign May 28, on the 28th Asian currency trading, the dollar / yen fell, a large Japanese banks a senior sales trader said, the Japanese stock market closed below the former point-after, in the short-term investors below 104 yen Set up a small amount of stop-loss selling orders were triggered.
However, some investors have started buying dollars, the dollar / yen or near the current level of support received. It is anticipated that the transaction on the dollar support at 103.50 yen.
-- 1:42 p.m., the dollar against the yen at 103.97 yen.

Dollar on the 28th dollar lower against the yen - Forex Trading

Comprehensive foreign May 28, on the 28th Asian trading, the dollar against the yen lower. Short-term oil prices will continue to rise, it seems, it triggered a market for U.S. investors worried about the occurrence of stagflation.
Tokyo-Mitsubishi UFJ Bank (Bank of Tokyo-Mitsubishi UFJ), a senior dealer Kazuyuki Takami said the dollar's fate now depends largely on oil price movements, and will maintain this state of a certain period of time, until oil prices far Below the record high.
Traders said the short term, if crude oil prices lower, even if it is because the position adjustment and a slight decrease, it may make dollar. However, the long period of time, because of the potential rise in oil prices may not end very soon, dollar weakness is likely.

Dollar on the 28th Australian dollar against the U.S. dollar lower - Forex Trading

Comprehensive foreign May 28, the Asian currency on the 28th, Australian dollar lower, mainly by the global drop in oil prices drag.
U.S. economic data continues to be in focus, investors will pay close attention to the next announcement of a new round of economic data, from looking for evidence of economic weakness.
RBC Capital Markets senior strategist Sue Trinh said the U.S. data will be about the dollar and Australian dollar have an impact.
Trinh said that fundamentals remain sound, Australian dollar is still room for further gains, but the Australian dollar to break through parity level, the need for effective breakthrough 0.9675 U.S. dollars.
He also said that in the United States and the European trading session in the Australian dollar is likely between 0.9580 to 0.9630 U.S. dollars turnover.
06:00 GMT, the Australian dollar at 0.9615 U.S. dollars, on the 27th to 0.9632 U.S. dollars late; Australian dollar against the yen at 99.96 yen, on the 27th to 99.77 yen late.

28 Hong Kong dollar was lower in the future the Hong Kong dollar 7.8030 - Forex Trading

Comprehensive foreign May 28, traders said, a number of different transactions to profit-taking will push the Hong Kong dollar exchange rate as low as 7.8030 Hong Kong dollar, on the 27th at The Dow 7.8056 Hong Kong dollar.
Dealers said that the United States suspected of raising interest rates now to discuss whether or not the right time, the dimensionless loans crisis is not over. The exchange rate is expected to range between 7.8030-7.8050 in the Hong Kong dollar, at the current level of customer support under the single currency.

European dollar against the yen in early trading lower - Forex Trading

European morning on the 23rd U.S. dollar against the yen lower, rounded below 104 mark, the minimum to 103.44. The current exchange rate of 103.57 in the vicinity.
As U.S. crude oil futures price has risen to 135 U.S. dollars per barrel at the top of the new high, if crude oil prices rose again, will trigger a market worried about the U.S. economy, triggering investors to sell. U.S. dollar against the yen will once again be under pressure.
Dollar Japan announced in April merchandise trade surplus down 46.3 percent to 485 billion yen, worse than the 21.7 percent drop to 707.2 billion yen, showing that the decline in foreign demand for Japanese export companies to pressure surge, but the deficit with China than in Fell 50.4 percent to 165.9 billion yen. Japan March all industry activity index for the quarter after rising 0.5 percent the previous month to 106.4, the index for February revised 105.9. Hinted that Japan's economic performance and stability activities, which benefit the yen.
City on the 23rd Asia after the Bank of Japan announced April 8 to 9 monetary policy meeting minutes showed that the Bank of Japan directors at the meeting agreed that the Japanese economy's internal and external risks are on the rise, but the basic stance of monetary policy and Did not change.
On the 22nd weak U.S. data showing the U.S. economy is still cause for concern. U.S. first-quarter housing price index fell 3.1 percent year-on-year, shows that the U.S. housing market has not yet bottomed out. The United States on May 17 the first week for unemployment benefits fell 9,000 to 365,000, better-than-expected decrease 1000, as Jin Sanzhou fell for the second time that the monthly non-farm employment in the following four consecutive After the fall, the job market is basically stable this month. However, continued receiving unemployment benefits for more than a week the number of people in the fourth week of more than 3 million that the unemployed find new jobs more difficult.
However, all closed higher overnight Wall Street, U.S. stocks rose continuation of the city-state, on the 23rd Nikkei Index rose 0.2 percent to 14012.20 points, 23 in the week to 1.5 percent. Increased market risk preferences, sets interest rates to stimulate demand for transactions, enabling U.S. dollars.
The evening will announce today the United States in April existing home sales data. If the data is weak, the market will be more worried about the U.S. economy will be still in the doldrums drag the housing market and further deterioration is likely to exacerbate dollar selling.

U.S. stagflation worries intensified dollars defeat once again sounding the alarm - Forex Trading

Due to oil prices hit a record high of investors on the U.S. economy into stagflation worries intensified, the New York market all dollar fell Friday, the U.S. dollar index also hit this week on two biggest weekly decline. Analysts said weak economic growth plus inflation, has continued to pressure the dollar this week, while oil prices sharply lower short-term unlikely, the U.S. economic stagnation will continue to add to the worries, thus forcing the dollar lower against the euro the most Express next week will be set record lows.
Although the data shows that growth in the euro zone services and manufacturing weakness, the euro Friday trend is still strong. Analysts said the euro zone growth despite the slowdown, but the economy is still strong enough to allow the European Central Bank continues to focus control inflationary pressures.
U.S. real estate brokers Association (NAR) Friday announced that the U.S. April existing home sales annual rate of 4.89 million, representing a March amended the 4.94 million decreased 1.0 percent, the market had forecast a 4.86 million, slightly better Than-expected existing home sales data for short-term dollar support. But NAR also said that the United States in April increased substantially the number of housing stocks, hit record high, prices decreased significantly, suggesting the U.S. housing market predicament is far from over, good existing home sales data for the support of the dollar will soon vanish .
Credit Suisse (Credit Suiss) in Zurich trading analyst Marcus Hettinger said: In the past few weeks the market's view has undergone enormous changes, the market may be that the European Central Bank rate hikes.
He said: U.S. consumers have to bear the city fell from the pressure, and the current oil prices also rose crazy. This means that despite the rising inflation, the Fed will keep rates at a low level, which is still weak dollar One of the reasons.
Wednesday announced the Federal Open Market Committee (FOMC) meeting minutes showed that Fed for the stagflation of the growing concern. Stagflation means that inflationary pressures co-exist with the slowdown in economic growth, the dollar is a bad news.
UBS (UBS) in Zurich, currency strategist at Manuel Oliveri said the dollar remained under pressure because the market is considering prospects for the U.S. stagflation, rather than stable economic growth rate of increase. Therefore, some economists expect the dollar against the euro may soon be dropped to lows.
The current surge in oil prices was seen as a drag U.S. economic growth and dollar blow to the contrary, high oil prices raise the euro zone inflation is expected to force the European Central Bank to maintain a hard-line position, so as to bring the euro support. Oil prices also to be preferred against market risks, such as low-interest yen currency therefore be pursued.
high oil prices trend of the dollar resistance many investors, analysts said next week if crude oil prices continue to set record highs, the overall U.S. inflation will increase, adding fuel to the fire, the U.S. dollar next week may continue to expand decline against the euro may even Fell to historic lows.
In recent weeks, the U.S. dollar and the trend of oil prices very close contact. Some people said that despite the similar employment or economic growth, and other U.S. economic data has improved, but if oil prices do not reverse the decline in the dollar likely to continue to decline.
UBS (UBS) in foreign exchange strategist at Manuel Oliveri said that the fate of the U.S. dollar and inflation worries enhance the relevance, the effective price down to help the dollar found strength driving force is necessary.
Crude oil prices soaring inflation and the overall uplink, the U.S. stock market also caused damage, as investors worried about high inflation could undermine corporate profitability. This is also the face of the dollar next week, low-interest yen currency has encountered resistance. When U.S. stocks fell when trading positions sets interest rates would boost the low interest rate currencies, while suppressing dollars.
Brown Brothers Harriman (Brown Brothers) senior currency strategist Marc Chandler said: The U.S. dollar next week risk Pianyu downlink. Despite the dollar hedge funds that have bottomed out, but the current price of crude oil rose crazy situation, they can not Active multi dollars.
Foreign exchange analysts said the euro / dollar may be in the next week fluctuated between 1.56-1.60.
RBS Greenwich Capital chief currency strategist Alan Ruskin said: The current concerns about high oil prices will push the country into a situation of stagflation, which constitute a pressure on the dollar. He expects that the euro / dollar in the third quarter will1.60.
-- 4:20, the euro / dollar at 1.5775 dollar index at 71.95, the Dow was down nearly 1.2 percent, setting the end of the three biggest weekly decline.

Dollar higher oil prices next week to face even greater resistance - Forex Trading

Analysts said that if next week to set a record high crude oil prices, overall inflation will rise in the United States, adding fuel to the fire, the U.S. dollar against the euro may be next week or so to historical lows.
As investors in the cost of soaring oil prices and gasoline rose after worried about the impact of inflationary pressures on the foreign exchange market in recent weeks the impact of the unprecedented huge. All along, inflation has always been an important currency valuation standards.
In recent weeks, the U.S. dollar and the trend of oil prices very close contact. Some people said that despite the similar employment or economic growth, and other U.S. economic data has improved, but if oil prices do not reverse the decline in the dollar likely to continue to decline.
UBS (UBS) in foreign exchange strategist at Manuel Oliveri said that the fate of the U.S. dollar and inflation worries enhance the relevance, the effective price down to help the dollar found strength driving force is necessary.
Organization of Petroleum Exporting Countries (OPEC) Secretary-General Imbardelli (Abdalla Salem el-Badri) also admitted that rising oil prices and the link between the weak dollar. Ecuador this week in his speech, pointed out that the dollar's decline in oil prices helping to promote this crazy market in the rise.
Crude oil prices soaring inflation and the overall uplink, the U.S. stock market also caused damage, as investors worried about high inflation could undermine corporate profitability. This is also the face of the dollar next week, low-interest yen currency has encountered resistance. When U.S. stocks fell when trading positions sets interest rates would boost the low interest rate currencies, while suppressing dollars.
Exchange, analysts said the euro against the dollar next week will be between 1.56-1.60 fluctuations, while the dollar between 102-105 yen in finishing. U.S. markets were closed next Monday, the market will be re-opened since Tuesday.
-- 5:36, the euro against the dollar at 1.5764/67, the maximum reach 1.5793 dollar against the yen at 103.23/25, the minimum lowered to 103.05.

Stagflation worries plagued U.S. dollars of EU money Xianyanghouyi - Forex Trading

Currency Overview: The New York sessions, the Department of European currencies against the dollar was Xianyanghouyi pattern, the euro rose to 1.5800 against the U.S. dollar dropped below Yuzu, sterling 1.9848 against the dollar since then continued down. Greek Finance Minister said that the euro zone finance ministers did not interfere with the euro up the idea of his speech eased the market's recent strong euro could trigger the European Central Bank intervene either the concern for the European monetary system has provided some support. Meanwhile, the U.S. economic slowdown, with inflationary pressures, or both, the market may be worried about the U.S. economy into stagflation, also weighed on the dollar. Statistics show that the United States in April NAR existing home sales to 4.89 million, in line with expectations of 4.86 million, but a limited impact on this data, as the market ignored. Commodity prices start to fall Friday, the Australian dollar fell to 0.9590 from 0.9636, while New Zealand yuan against the U.S. dollar fell to 0.7850 from 0.7899. U.S. stocks fell on all involved, the dollar fell to 103.46 against the yen since one week low of 103.05, the dollar against the Swiss franc fell to 1.0215 from 1.0270. This time, the U.S. dollar index rebounded slightly from 71.88 to 72.01.
Focus, leader: Britain next Monday - May not seasonally adjusted Hometrack housing price index, the British bank holiday in spring, the United States closed for Memorial Day memorial service.
Trend Analysis of the major currencies:
Euro: euro / dollar opened at 1.5743 in New York near the Greek Finance Minister in his speech, then stimulated, the exchange rate steadily higher, up to the time high of 1.5793. 1.5800 at the top of the selling pressure, and the long weekend position adjustment before the impact of exchange ratestarted slightly lower, late dollar continued downward trend, closing at 1.5760 in the vicinity. On the map show that euro / dollar broke through the 1.6020-1.5285 of 0.618 percent retracement of 1.5740, 1.6020 shows that the trend since the end of the adjustment. Shouwen the current exchange rate on the 5th average finishing strong, short-term trend is still in power. MA, 5 and 30-day MA Jin Cha, 10 and 20-day MA has also developed Jincha, technical multi-beneficial. Investors euro / dollar above the resistance is seen at 1.5810 and 1.5865, followed at 1.5690 and then 1.5635.
Japanese yen: dollar / yen 103.46 in New York opened in the vicinity, in the United States NAR existing home sales data boost, short-term exchange rate of Mogao to 103.53, after the greenback continued to fall. , the greenback fell to one week low of 103.05 stabilize, the dollar continued to rebound late to 103.40 below, hampered gains, after the greenback continued to narrow range around 103.30 collate, and until the closing. On the map shows, the dollar / yen below the 95.74 low of 102.60 and the support of a connection, the greenback Friday Fanchou the U-turn downward trend line, breaking again under short-term average, that short-term trend remains downward bias. If the effective break early support 102.60, while the exchange rate are likely to form double top (105.70 and 105.55) Powei momentum, Shouwen 102.60 likely to form cabinet finishing movements. MA, 100,30,20,10 and 5-day MA glue, may be a directional movements. Investors dollar / yen above the resistance is seen at 104.40 and 105.10, followed, at 102.90 and 102.60.
Pounds: GBP / USD 1.9843 in New York opened in the vicinity, after the greenback since time high of 1.9849 sustained slight drop in the exchange rate of 1.9799 find support after modest rebound, then finishing in a narrow range of 1.9800-1.9830 range. , the greenback after the break down to a narrow range, below the 1.9800 level integer, lowered to time low of 1.9784, from late stabilize the exchange rate decline and eventually closed at 1.9800 in the vicinity. Technology trends, the sterling / dollar 2.0395 breakthrough since the downward trend line, Friday in the 100-day moving average continued to consolidate gains, but since the 1.9365-1.9849, the greenback rose a total of 486 points, accumulated a number of short-term profit disk. Stop the continuing uptrend in the current round of 1.9850 and 60-day MA shows that short-term up more resistance. At the same time, the lack of exchange rate of 5 and 10-day MA with the follow-up, also indicates that the capture of 60-day MA before the existence of short-term technical amendment request. Investors sterling / dollar above the resistance is seen at 1.9850 and 1.9880, followed at 1.9750 and then 1.9685.

International oil prices soared promote the European Monetary initial breakthrough - Forex Trading

This week, slightly more Qi Bolan calm the market. May 22, the oil ministers of OPEC countries said they will not take measures to prevent the rise in oil prices, the New York Mercantile Exchange after crude oil futures hit 135 U.S. dollars / barrel a new high.
Rising oil prices pose a major pressure on the dollar.
First rising oil prices pressure the U.S. stock market, which directly led to short-term idle funds to the United States lost interest in the capital market, the dollar attractive lower. Second, rising oil prices triggered by speculative dollar selling the dollar worse, and even some speculative selling in pushing up oil prices.
However, rising oil prices rise in European currencies it has constituted a support. In fact, we know that rising oil prices for the commodity currencies of the Canadian dollar to stimulate the most obvious, but the recent market has been in a period of no direction, the overall finishing in seeking a breakthrough in the atmosphere, soaring oil prices as one of the factors adversely dollars directly triggered Quotes Finishing out the fuse. European currencies against the dollar this week as a whole are set around a high point. And more conducive to stimulating the European major currencies and the expected further appreciation of the emergence of speech, such as the European Central Bank officials said the European Central Bank cut the benchmark rate no space, because the current strong price gains, European Central Bank had to choose to consider raising interest rates. Bank of England rate cut will cease, and for inhibiting the growing pressure of high inflation and consider the tight monetary policy.
Need to remind that the rising oil prices caused the dollar lower, non-dollar currencies is a strong strength of the aging can be lasting, can also be short-lived. This is because the European currency triggered by the break up is only preliminary, could effectively held steady could not be verified. The reason why we deserve special attention, because of soaring oil prices as a trigger factor to break the weeks before the balance of short-term market, caused by a non-US dollar currencies, particularly the European currency rose to a record high of a breakthrough opportunity. Keep in mind that the current breakthrough is only a chance.
Next week, concern is: May 26 British financial markets due to the spring bank holiday, the U.S. financial markets closed for Memorial Day. Sohu securities: The channel quoted the content of the cooperation between the media and cooperation agencies, does not mean that Sohu Securities their own views and position, this information suggested investors cautious judgement, which the intervention own risk.

Short - Forex Tradingterm dollar weakness is the central line of distribution opportunities - Forex Trading

May 22 dollars because of the early jobless claims to reduce the number of accidents and rebound, slightly down on the 23rd. -- As at 16:37 on May 23, consisting of six Exchange Index was 72.14 dollars, the euro was at 1.5732 dollars suspense than on the 22nd of 1.5731 small rise against the yen at 103.74 dollars, down 30 points. The remaining roughly stable currency performance. On the 23rd afternoon announced a number of European data, the results of a limited impact on the exchange rate. On the 23rd night the United States will announce second-hand housing data, estimates will be some fluctuations in foreign exchange markets.
Weak euro zone data at 16:00 on May 23, announced in May the euro zone purchasing managers (PMI) index for the manufacturing industry 50.5 percent, roughly in line with expectations, but the PMI index for the service sector 50.6 percent, weaker than the expected 51.7.
Italy April non-EU trade deficit of 1.782 billion euros a year ago deficit of 1.35 billion euros, but the value of better-than-forecast deficit of 1.81 billion euros.
Some earlier, data published Piandan France, France's April consumer spending down 0.8 percent ring, and is forecast by 0.5 percent.
In other areas, the United Kingdom, also on May 22 announced many important data, such as GDP, but data are either in line with expectations, either good or bad this year, the British pound so little too much reaction.
The data released before the euro was down, but basically no reaction after the announcement, the euro exchange rate also slightly stronger. On the one hand, the euro strengthened against the euro exchange rate and market confidence than the full-related, on the other hand, New York crude oil in the electronic-Elevated also happened to provide support for the euro. Ditto time, New Zealand oil July contract rose to 132 U.S. dollars / barrel, or about 1 percent.
Currently the market for a few hours after the release of the data more pessimistic about second-hand housing is generally believed that the United States in April of second-hand housing sales to record low of 4.85 million. If the estimated time indicators in line with expectations, the dollar or short-term rebound, as may be to do bad. May 26 the United States as Memorial Day, some market-day suspension, the market is very thin trade, but also Europe, the United States did not announce any important economic indicators, U.S. housing data for the next two days set the tone.
May 22 rose and the dollar will be the end of the market expectations for a U.S. interest rate increase related to interest rates because the Federal Reserve released the minutes of strengthening the year-end interest rate increase may be, but on May 22 his speech, Paulson also provided some support. U.S. Treasury Paulson said: The United States supports a strong dollar policy, and the U.S. dollar will eventually reflect the sound fundamentals of the U.S. economy.
Trading opportunities hidden turning point it is clear that the dollar's recent lower support mainly from traders bet the Federal Reserve will end interest rate increase, but the support is not strong, because some traders believe that even if the dollar interest rate increase may not be up the number, For example, the Osaka Securities (OkasanSecuritiesCo.) bonds and foreign exchange dealer TsutomuSoma said: The dollar this week may continue to experience the pressure, the U.S. economy-there is no bright spot, I will not simply because the Fed may not continue to cut the signal While the dollar was optimistic.
Another factor is the dollar impact of oil prices, because high oil prices will not only bring stagflation for the U.S. pressure, but also the euro zone can not cut interest rates, interest rates will only increase, which will suppress dollars, while the dollar fell after oil prices More may be added in the form of self-strengthening cycle. Eurozone inflation rate is the ideal two percent, but the latest situation in the euro zone inflation rate of 3.6 percent during the year inflation will likely remain at 3 percent or more, making the original then there are the point cut in interest rates may completely disappear. Last month, the Reuters survey of 82 analysts, 64 expected ECB rate cut before the end, but interest rate futures show that this may not.
To some extent that the reason so many dollars in the part of a gambling oil prices will soon fall, although it may also be profitable, but profit or limited space.
The author believes that the current dollar bets can be, because from the various signs, the United States may give OPEC some color to see. I think its very small chance of success, but from the perspective of the game, you can still shots, because if the United States put pressure on the event successful, the dollar rose, but if unsuccessful the dollar will not be or how many. Another reason is that the global economy at a standstill edge, high oil prices will sooner or later the economic downturn, will eventually crack down on resource requirements, copper and other commodities have been exposed, symptoms of copper seems to have Powei of suspicion. (Cheng Chun-Step)

Dollars in an orderly depreciation of long - Forex Tradingterm trend of hard optimism - Forex Trading

Since March to now, the dollar index rebounded from a low of 71.5, to early May have rebounded to 73.5 level. The dollar's recent rebound bottomed, some more optimistic expectations for a U.S. analysis of many years of devaluation of the end of this cycle may be, but we believe that long-term trend of the dollar, it is difficult to optimism.
Although the Bush administration repeatedly declared strong dollar foreign interests for the United States, but the fact is that in the past five years, the trade-weighted dollar index only in 2005 recorded a positive growth in the remaining years are down since 2002 So far the cumulative decline has reached 36.5 percent. Depreciation of the dollar benefits the United States is not only to stimulate their export industries, is to pass the devaluation of its currency because of the negative trade deficit and the huge debt be reduced. The so-called strong dollar policy, but is referred to in the mainstream does not affect the U.S. dollar as reserve currency and settlement unit under the prerequisite for an orderly devaluation of U.S. dollars only.
However, the dollar has depreciated by global inflation as a bargaining chip. Oil-exporting countries to maintain the real purchasing power of the ground, restrictions on dollar-denominated oil supply, and promote oil prices hit record highs, soaring commodity prices, inflation spiral started warming up the process under way. On the other hand, the U.S. Open with depreciation of the dollar money machine, the injection of large amounts of funds to the world, the surplus liquidity of global inflation is a hotbed of formation.
By the end of April, the Fed again cut interest rates by 25 basis points to 2 percent, from a peak of 5.25 percent last year, the U.S. federal funds rate has reached a total reduction of 325 basis points. March 2.1 percent and the core personal consumption expenditure price index increase, the United States has entered period of negative real interest rates since last September began the cycle of interest rate cuts to stimulate the role of the U.S. economy gradually emerged. U.S. first quarter of this year was unexpected economy recorded a 0.6 percent growth, the credit crunch situation was eased, the market looking forward to Federal Reserve interest rate cut cycle to enter the end, the dollar also reversed weakness.
As the market expected the Fed rate cut cycle end, the dollar bottomed rebound in recent months, the dollar rebounded on global inflation environment will bring about changes, whether it will affect the commodity bull market, seems to be worthy of review. But the crux of the problem is that the dollar's rally is a temporary pullback in the end, or has continued into the beginning of Shenglang
On the recent dollar rally support for the main factors, the most obvious factor is the interest rate differentials. Federal Reserve cut interest rates for a substantial dollar interest rate advantage has substantially narrowed, and the euro, the yuan's rate is inverted there, and if the dollar cut in interest rates bottomed out, is undoubtedly the U.S. dollar against other currencies, the narrowing of spreads to stop Lee Good News.
But from an overall point of view, the Fed cut interest rates stay on the impact of the dollar exchange rate situation has only mixed. Although the United States in the first quarter economic growth higher than expected, but containing ingredients have not optimistic about growth, including weak domestic demand driving force, including inventory growth in the temporary support. On the other hand, the U.S. credit market has yet to recover fully, if the IMF loan crisis of the final loss of up to 1 trillion U.S. dollars is expected into the fact that Fed officials premature optimism that the economy will be vulnerable to recession again The abyss, wheninterest rates to stimulate the economic recovery of more weak, so it is difficult to assert that the current suspension of the Federal Reserve cut interest rates if a long-term positive factors supporting the dollar.
Another driving force for the dollar's rally from the other major economies in the economic trend uncertainties. The main euro zone member countries - Germany and France than expected business confidence indicators weak to get involved in the loan-to-deep problems of the European Bank credit crunch facing the dilemma, the European Central Bank can maintain the current level of interest rates show how long Some doubt. Japan's economy to follow the external economic slide. The dollar's recent rally seems to be not reflect the market tone for the U.S. economy a fundamental improvement in the outlook, and more close to the external economic uncertainties He Consumers increase this by the results.
Dollar rebounded to investors in Europe and Japan after a period of lagging behind the U.S. economic slowdown started to feel the impact of exchange rate correction is the basis for the establishment of the United States and Europe and Japan to digest the news is not synchronized. Lee short to be dissipated after the news, investors will realize that the U.S. economy in 2001 will not have the technology bubble burst after the V-shaped rebound in the courage, but rather into the L-shape of the slow recovery period, the dollar upward lack of strong fundamentals support. (Linjun Hong)
(The author is a researcher at BOC Hong Kong)

Chonggao stock market prices adjusted dollars faced double negative - Forex Trading

Comments last week:
Last week, the United States announced in April leading indicator of accidents rose 0.1 percent, suggesting the U.S. economy despite the weak, but may not in a recession, was supporting the dollar%26#39;s rally. However, international crude oil prices further Chonggao, and the adjustment of the U.S. stock market started, so the dollar in a pincer attack from both sides of the negative, had to adjust down for a third consecutive week.
The dollar index last week to 72.81 after the open, showing the trend of decline shocks, the highest first week rebounded to 73.17 blocked, followed by lower shocks, the lowest in Xiaban Zhou Tandi to the four-week low of 71.82 after only stabilize by the And finally the end of the week to 72.01 transactions. Zhou line for a 80 point drop entities in Yinxian, the line for three weeks Lianyin.
Last week, the impact of currency market evolution of the main factors are:
1, soaring oil prices, Shui Zhiguo Who benefits
International crude oil prices rose substantially for a third consecutive week, the euro against the dollar for three weeks at a Yangxian, no doubt, the international crude oil prices soaring euro longs to become the life-saving rope, the euro may change the pattern of falling straight line. In other words, the international crude oil prices soaring prices, a recent change in the pattern of international foreign exchange markets.
Oil prices hit record highs, or have to wear 135 U.S. dollars per barrel, the Organization of Petroleum Exporting Countries and U.S. officials have expressed his views on the issue of oil prices.
OPEC Secretary-General Imbardelli said that he break through 135 U.S. dollars per barrel of crude oil market crazy performance was puzzled. Imbardelli reiterated OPEC%26#39;s position, he said that, despite high oil prices to poor countries hard, but also facing oil-consuming countries requested the pressure on OPEC output, but OPEC powerless in a crazy on the market lower oil prices. Imbardelli blamed the high oil prices and geopolitical tensions, speculation and depreciation of the dollar and other factors, that the output of oil-producing countries with little level of relations. But he promised that if the market supply shortage, OPEC will increase production to take action.
U.S. Treasury Secretary Paulson reiterated that rising oil prices reflect tight supply and increased global demand, rather than by the impact of market speculators. U.S. Energy Secretary Bodman said that high oil prices, precisely reflected the tight supply and strong global demand for oil, gasoline prices should not be attributed to speculators. He said that in the summer, to ease gasoline prices for consumers, the U.S. government powerless.
It is clear that the United States and OPEC are shifting to high oil prices themselves should bear the responsibility.
U.S. market research firm Greenwich Associates published the view that oil and other commodity prices, the recent surge should mainly be attributed to the influx of market speculators. According to Greenwich Associates new research results, with more than one-third of the commodity investors to enter these markets for less than three years. Pension funds, European banks and hedge (hedge) funds is to help drive the area of commodities financial market activities of the three main force. Greenwich consultants Andrew Awad said in a statement: Global energy and other commodity markets of long-term fundamentals are driven by increased demand, but there is no doubt that the short term, speculators are pushing up trading volume and price.
Greenwich Associates said that its investors have 55 percent said they use commodity derivatives to diversified investment portfolio, including the majority of pension funds, 40 percent of the subjects, including the nearly three-quarters of the hedge funds, Alpha as a commodity investment strategy - that is, beyond the pursuit of market expectations of the performance of the investment strategy - the target of European banks use derivatives to build commodity investment portfolio, and then sold to retail customers, 20 percent to 30 percent of the study also active in Oil and gas derivatives transactions in shops (OTC), OTC is outside the formal exchange trading, 15% -20% of the respondents use the basic metals and precious metals OTC derivatives transactions, less than 10 percent of Target areas of the respondents use the power of OTC derivatives trading, Goldman Sachs commodity markets OTC transactions is the preferred investment bank, Morgan Stanley ranked second.
U.S. Commodity Futures Trading Commission (CFTC) said that according to its rising commodity prices, the findings show that the natural resources of the global demand and tight supply is the main reason, is unfair to blame fund investors. Royal Dutch / Shell Group chief executive Jeroen van der Veer said that oil prices break through 135 U.S. dollars a barrel mark after also rising, is subject to impact on market sentiment rather than supply shortages, the market is worried about the long-term supply, and some rather The influential investment banks and investors expect oil prices will rise further.
This year is election year, in addition to President of the United States will re-elections, half of the U.S. Congress, will also be elections, therefore, whether Republican or the Democratic Party, have joined the surge in oil prices on the Duokong controversial. In addition to the U.S. Congress has adopted a bill requiring the U.S. government is not in oil prices fell 75 U.S. dollars, not to continue to add strategic oil reserves, the U.S. House of Representatives last Tuesday by an overwhelming majority also passed a motion to allow the U.S. Justice Department charged oil output Member States of the Organization of the restrictions on supply of crude oil and jointly determine the price of crude oil. But the White House threatened to veto the motion.
The issue of oil prices as the U.S. Congress held hearings. The world%26#39;s top five oil companies top the second time this year was asked to present testimony to the U.S. Congress to explain the high oil prices to bring them huge profits. U.S. gasoline prices rose to an average of 3.79 U.S. dollars per gallon, a record high. However, Exxon Mobil, Chevron and other major energy companies top three in the Senate Judiciary Committee reiterated that the oil price rally behind rising gasoline prices is the main reason for their consumers with the United States, like high oil prices are the victims .
U.S. Energy Secretary Bodman in Congress to examine the Bush administration%26#39;s energy policy and high oil prices cause hearing testimony for the statement that a barrel of crude oil prices hit a record high of 135 U.S. dollars, is due to the global oil production can not meet the demand. Bodman reiterated that the U.S. energy issues as part of long-term solution is to increase domestic oil output, and Congress should be allowed to Alaska in the Arctic National Wildlife Protection Area (Arctic National Wildlife Refuge, ANWR) to drilling. However, the U.S. Energy Information Association (EIA) released a report that if the ANWR to oil drilling, opening up this year, the region%26#39;s output in 2018 will have to enter the market, to the 2027 output will reach 780,000 barrels of capacity, Therefore, ANWR%26#39;s oil production to lower crude oil costs almost no impact to 2025 may be lower oil prices will only 0.75 U.S. dollars.
U.S. Democrat Edward Markey said that the energy companies through the sale of strategic oil reserves in the short term lower oil prices. He pointed out: Since the United States there are a lot of oil reserves available, the Bush administration asked Saudi Arabia to be what yield. Bodman said: The petroleum reserve is to protect the American people, should only be a serious shortage of supply in the use of . Crude oil reserves in the Texas and Louisiana, the four underground storage points, total about 7.03 million barrels. U.S. House of Representatives Committee on Republican Jim Sensenbrenner said that the increase in domestic oil production, the Congress for promoting the use of wind and solar energy more interested in these energy more conducive to the reduction of greenhouse gas emissions.
Clearly, the current U.S. level on the issue of oil prices has not been a unified understanding and initiatives. However, the U.S. consumer is undoubtedly one of the victims of high oil prices. International Monetary Fund (IMF) said that at present, to maintain its global economic outlook, but warned rising oil and food prices could deal a further blow to economic growth. In other words, the world%26#39;s consumers eventually will become the victims of high oil prices.
At present, there are cries that the United States dollar deal with oil prices may be a short-term results can be the means. The view was expressed that the dollar exchange rate fluctuations, supply and demand will be affected both oil prices and the demand is particularly evident. Depreciation of the dollar, the euro rose to consumers in the euro zone oil and other petrochemical products in the consumer become relatively less expensive, may increase their needs. Ohio Northern University School of Business Anas Alhajji, an associate professor pointed out that oil prices rose to record highs, U.S. consumers pay, than the European and Japanese consumers high. He pointed out that when U.S. consumers to pay 110 U.S. dollars per barrel of oil, European consumers will only have to pay 72 euros. Action Economics currency Ron Simpson, director of research, said: If the dollar sharply higher oil prices will be under downward pressure. Dollar-denominated oil, the strong U.S. dollar, higher prices in other countries, they will reduce consumption. Concurrently Algeria%26#39;s Energy and Mining Minister Khalil said: If the dollar rose 10 percent, oil prices have dropped 40 per cent of the possible.
Whoever started the trouble should end it, perhaps, the dollar is indeed a short time to solve the problem of high oil prices Gate of Life. To see how, as the Bush administration. The world%26#39;s richest man, Warren Buffett said the dollar will continue to decline, to stop its decline because of the policy have not yet been implemented. If the Bush administration also able to soaring oil-shirk its responsibility, and that the weak dollar, is the blame.
Fortunately, the Fed has recently started to pay attention to the negative impact of the weak dollar, for example, the Federal Reserve April 30 meeting records show that officials are concerned that the weaker dollar will make imports more expensive, thereby increasing inflationary pressures, many participants -- Significantly more than in January - that increase the risk of inflation than downside risks, particularly, the recent energy and commodity prices and the dollar%26#39;s depreciation over the past, the consumer price of the conduction effect may be larger than expected. U.S. Dallas Federal Reserve Bank President Richard Fisher warned that the dollar may be a factor in pushing up commodity prices. Fisher worried about a negative cycle is taking shape, that is, lower the federal funds rate depreciation of the dollar, thus pushing up the prices of imports of goods and so that businesses and households to reduce actual expenditures, and ultimately undermine economic activity. Fed Governor Huwart Xu also said last week, the central bank officials will not ignore the plight of dollars.
2, the European Central Bank, raising interest rates between Cut between
In addition to the impact of oil prices, stimulate the euro last week Chonggao Another reason is that the market unexpectedly out of the European Central Bank rate hikes may soon speculation. This triggered speculation of reasons, First, Germany%26#39;s ZEW President of the speech, the German IFO index in May performance of the accident.
Although the German think tank ZEW announced last Tuesday the May economic expectations index unexpectedly fell to 41.4, down from April%26#39;s negative market forecast of 40.7 and 37.5 negative, but the ZEW Institute for Economic Research Chairman Wolfgang Franz said that the German central bank president Wei Bo urged the European Central Bank rate hikes are reasonable. However, Wolfgang Franz, the European Central Bank should maintain interest rates unchanged until there is evidence that financial market crisis in the past because Germany the first quarter of strong economic growth momentum will be sustained, second-quarter economic growth rate may be close to zero.
His remarks revealed the German central bank had hoped that the European Central Bank raising interest rates, which aroused the European Central Bank rate hikes may soon take action speculation. Moreover, last Wednesday, the German think tank IFO also announced the accident released better-than-expected May Ifo business sentiment diffusion index, 103.5, far better than the market forecast of 102.0, reflecting the second quarter, the German economic outlook may not be as expected As pessimistic. Germany issued a statement on the Ministry of Economic Affairs pointed out that, despite high oil prices, the financial market turbulence and a stronger euro suppressed, but business seems to be endorsed by the slowdown in economic growth and the risk did not increase. This so that the euro interest rates expected to be strengthened.
However, Germany%26#39;s IFO think tank, professional prospects for the euro interest rates relatively pessimistic, for example, IFO economist Aibo Jie said that the current interest rate policy in the European Central Bank should; IFO analysts Nabo on Bloomberg TV said that the German economy The degree of weakness seems to be more relaxed, but other countries in the euro zone is not so satisfactory, although the German business confidence unexpectedly rose in May, economic growth Quruo hinted that the European Central Bank will cut this fall, we judge the euro on the overall basic In terms of value too high, will be expected to decline during the year.
In fact, the euro zone industrial orders in March fell 1.0 percent the previous month (expected to decline 0.4 percent), decrease compared to 2.5% (estimated to rise 4.7 percent); euro zone May manufacturing PMI Index fell to August 2005-the lowest since 50.5; May services PMI index fell to 50.6 initial, comprehensive initial purchasing managers index was 51.1, lower than expected, the performance of Germany as the German May manufacturing The initial value index was 53.5, slightly higher than the estimated 53.2; May services PMI index for the initial 53.7, below the forecast of 54.0, reflecting the current Germany and the euro zone economy as a whole had a lame phenomenon, which may The European Central Bank interest rate increase in the future decision-making more difficult. That is, regardless of rate hikes and cuts, the European Central Bank%26#39;s decision-making are not based on adequate means that in the fall to the former, the European Central Bank is the best strategy. To fall again observing the evolution of the economic situation.
But this, the market for the euro may be rate hikes or rate cut speculation in the future may continue to turn, thus affecting the euro Change running track.
3, the strength of the euro, intervention Or intolerance
Early in the euro reached the height of 1.60, the euro zone too strong intervention in the euro, the euro zone is a typical language does not want to see excessive fluctuations in the euro exchange rate. A pullback in the euro, and rising oil prices also relatively moderate pace, the euro zone agreed with the direction of the euro%26#39;s pullback. However, when oil prices soared there, we also heard last week from the euro area, new voices.
For example, the Euro Group President and Luxembourg Prime Minister Juncker said the euro against the U.S. dollar unlikely to be in sharp decline in the next few months; he expected oil prices will hold in high, so food prices, the euro against the dollar in the next few months the trend will not Too conducive to the euro.
Greece holds the rotating EU presidency, Finance Minister, said: unwelcome exchange rate fluctuations, but the euro area can cope with the strong euro. The idea of intervention in the exchange rate has not been generally recognized, experience has shown that intervention may be counterproductive. Euro strength can also reduce high oil The impact of price.
Clearly, the strength of the euro zone%26#39;s attitude to the euro, as the market environment changes and changes in, at present, they are more concerned about the impact of high oil prices. That is, they want the euro and oil prices remain the same to run, but do not over oil prices rise.
4, the U.S. stock market, that pullback Or re-take Xiong
U.S. stocks last week, a clear pullback, which of course has the technical sense, because the Dow Jones index rose to the week on the rail line near Brin, encountered technical resistance.
But more importantly, may still high oil prices and the market outlook for the U.S. economy become more pessimistic about this dual role of the results of fundamentals.
The U.S. economy in a very weak consumer spending, high oil prices against the ability of the U.S. economy may even worse. Prior to have the view that high oil prices may be entirely offset by the U.S. government%26#39;s positive role in the tax rebate. Because of high oil prices may make U.S. consumers this summer in gasoline consumption, increased spending, will be roughly equivalent to the amount of tax rebate.
Although the United States announced last week in April leading index increased 0.1 percent, accidents better than expected, suggesting that despite the weak U.S. economy, but may not in a recession, the Fed announced the April 30 meeting records revealed that the Federal Reserve The United States has sharply cut its economic growth forecast this year, from three months before the projected growth of 1.3% -2.0%, cut its growth to 0.3 percent -1.2%, reflecting the U.S. economic outlook is still very grim.
Currently, the U.S. economy into stagflation, that is, high inflation and low growth for risk, but inflation has made the Fed seems to be no longer willing to cut, for example, Fed Governor Xu Huwart on Wednesday said that even if weaker economic growth , The Fed should also resist the call for further cuts, and must guard against inflation. This is the core members of the Fed first official position no longer support a rate cut. This may also lead to short-term adjustment of the U.S. stock market as a factor.
Soros investment speculators in London last Wednesday at the College of political economy at a seminar said that the current stock market rally is just a bear market rally, due to the monetary authorities to resolve the credit crisis. However, the present stocks will be further asserted that bears may be too early to go, because, according to Federal Reserve data released last Thursday showed that U.S. commercial paper market is the first time in eight weeks, well mainly because of the financial institutions issuing unsecured Bills of greatly increased. When the week increased the scale of commercial paper, with the cost of borrowing down and the investment risk caused by the preferences at the same time improve, reflecting the loan-to-crisis situation really has improved.
Last week the market:
*** Currency trading week opened a week maximum ** ** ** week closed a week minimum *** weeks in the dollar index rose 72.81 73.17 71.82 72.01 -80 points euro / dollar 1.5596 1.5813 1.5484 1.5760 +164 points sterling / dollar 1.9569 1.9851 1.9451 +228 At 1.9797 dollars / Swiss franc 1.0456 1.0572 1.0213 1.0238 -218 points dollar / yen 103.95 104.69 102.70 103.36 -59 points Aussie / dollar 0.9564 0.9653 0.9508 0.9590 +26 points dollar / Canadian dollar 0.9993 0.9999 0.9816 0.9898 -95 points Spot gold Price 903.00 935.30 900.55 924.20 +21.20 dollar crude oil futures 126.35 135.09 125.28 132.19 +5.84 dollars should pay attention to fundamentals this week and the following information: (focus on the band **)
United States:
Monday, the U.S. Memorial Day holiday Tuesday, 22:00 ** U.S. May consumer confidence index Tuesday, 22:00 ** U.S. April new home sales Tuesday, 23:50 San Francisco Federal Reserve Bank President Yellen made a speech Wednesday , 20:30 ** U.S. April durable goods orders Thursday, 09:00 U.S. Federal Reserve Bank of Dallas President Richard Fisher made a speech Thursday, 20:30 ** U.S. first quarter GDP revised Thursday, the United States 20:30 One-quarter corporate earnings Friday, 20:30 ** U.S. April personal income, expenditure and consumption expenditure price index Friday, 21:45 ** U.S. May Chicago Purchasing Managers Index Friday, 22:00 ** U.S. May the University of Michigan consumer confidence index in the euro area:
Tuesday, 14:00 German first quarter GDP revised Tuesday, 14:00 Germany in June Gfk consumer confidence index Tuesday, 14:00 German April import prices Wednesday, 16:00 ** Germany May consumer price index Wednesday, 16:00 - the euro zone March current account and capital flows Thursday, the May unemployment rate in Germany 16:00 Thursday, 16:00 Eurozone M3 money supply in April of Friday, the euro zone 5 ** 17:00 The harmonised index of consumer prices Friday, April unemployment rate in the euro zone 17:00 Friday, 17:00 ** euro zone business climate index in May of Britain:
Monday, the British markets closed for holidays Friday, 07:01 ** United Kingdom in May GFK consumer confidence in Japan:
Tuesday, 07:50 Japan April corporate services price index Thursday, 7:50 ** Japan April retail sales Friday, 07:15 ** Japan%26#39;s May manufacturing purchasing managers index Friday, 07:30 ** Japan%26#39;s April consumer price index Friday, 07:30 ** Japan%26#39;s April unemployment rate Friday, 07:30 Japan April household spending all Friday, 07:50 ** Japan April industrial production Friday, 13: 00 Japan April housing starts and construction orders in other areas:
Thursday, 09:30 ** Australia the first quarter of private capital expenditure Thursday, 15:15 Switzerland the first quarter of the employment rate Thursday, 20:30 ** Canada the first quarter of the current account Friday, 09:30 Australia in April Civil credit Friday, 17:30 ** Switzerland in May KOF leading indicator of Friday, 20:30 ** Canada in April producer price index Friday, 20:30 ** Canada in March and first quarter GDP
Outlook this week:
Last week%26#39;s these factors, this week may influence the market will continue to be the key to the evolution of the market. The primary factors of oil prices, since policy-makers have not found an effective suppression measures, it appears that the market can only wait for the role of the factors that longs feel tired, will naturally profit-taking.
Secondly, the trend of U.S. stocks this week may continue to be the U.S. economic fundamentals data. May be the main U.S. consumer confidence and U.S. durable goods orders, personal spending data, such as the performance. Should be reminded that, from mid-March to early May, the U.S. dollar index rebounded process, with the U.S. stock market trends in the same direction.
Third, the interest rate outlook for the euro, may eventually have to next week%26#39;s interest rate decision after the meeting, can see more clearly, but this week, some factors, in particular Germany and the euro area consumer price index in May reflected by the Inflation situation. If a cooling trend in inflation, interest rates will naturally Consumers in the speech invisible.
Finally, the market will be concerned about the high interest rate monetary prospects, the factors influencing the market last week is also an important factor. Because the Australian central bank and the Bank of England May meeting records, Canada April inflation performance, so that the rates of these currencies to a positive outlook. This week the market will be further verified, the Reserve Bank of Australia in June whether the rate hikes Bank of England and the Bank of Canada rate cut in June is not
Technical analysis:
The dollar index: At present, the line under the MACD indicators wear 0 reel, indicated that a further adjustment of the request, but the indicators do not fall into line RSI below 30 regional operation and has not fallen below March 17 and April 22 low The support line connecting point, the track%26#39;s opening lines Brin intensity is not strong, so the dollar index is expected to defeat the movement will not appear this week after Tandi could trigger rebound. This week, the dollar index%26#39;s initial resistance at 72.15-72.35 area, strong resistance at around 72.65; initial support at 71.85-71.75 area, strong support at 71.60-71.50 area.
The euro against the U.S. dollar: At present, the line MACD indicators wear 0 reel, line, RSI indicators in the vicinity of 70 swing, Brin line on the track in open form, indicates a further Chonggao the request, however, because of the week RSI indicators have been close to 70 of the resistance, so this week Chonggao possible decline in the trend. This week, the euro against the dollar initial resistance at around 1.5805, strong resistance at around 1.5860-1.59; initial support at 1.5670-1.5650 area, strong support at 1.5615-1.5605 area, the minimum will not be below 1.5555.
British pound against the U.S. dollar: At present, the line MACD indicators this week are up across the 0-axis may, on the line RSI indicators in more than 70 regional swing, suggesting that short-term, a strong pattern of biased, but Brin line on the track for Shell Nosing situation, Therefore, the only reaction pattern may Chonggao disruption in rail track after a pullback. This week, the British pound against the U.S. dollar initial resistance at 1.9840-1.9870 area, strong resistance at 1.9905-1.9925 area; initial support at 1.9705-1.9685 area, strong support at 1.9625-1.9605 area.
USDCHF: At present, the line under the MACD indicators this week may wear 0 reel, line, RSI indicators in the vicinity of 30 passivation, Brin line on the track although there are signs of opening, but the intensity is limited, therefore, likely this week Exploration Pick-up at the end of the trend. This week, the U.S. dollar against the Swiss franc the initial support at 1.0220-1.02 area, strong support at 1.0165-1.0150 area; initial resistance at 1.0345-1.0385 area, strong resistance at 1.0410-1.0440 area.
USDJPY: At present, there are indicators on the line under the MACD 0 axis signs of wear, suggesting that a further adjustment of the request, but on line or in the RSI indicator 30-70 regional swing, Brin line on the track are open signs, but The intensity is not strong, so that short-term shocks of the still interval. This week, the U.S. dollar against the yen in the initial support at around 102.90-102.70, strong support at around 102.55-102.25; initial resistance at 103.70-103.90 area, strong resistance at 104.15-104.35 area.
USDCAD: At present, the line MACD indicators in the shaft below 0 Sicha down, tips for the disadvantaged status, but on the line from the RSI indicators have been below the 30 disadvantaged regions, on-orbit Brin also open the end of the process, and the week RSI indicator of the support of close to 30-bit, so likely this week after the rebound in the pattern of Tandi. This week, the U.S. dollar against the Canadian dollar%26#39;s initial resistance at 0.9940-0.9970 area, strong resistance at 1.0005-1.0020 area; initial support at 0.9850-0.9830 area, strong support in the vicinity of 0.98-0.9780.
Australian dollar: The MACD indicators on the line in Jincha 0 axis to maintain state, but all the positive column of contraction, on the RSI line more than 70 strong indicators from the region, return to the 70-30 balance in the region, this week Likely to remain strong possibility of more consolidation. This week, the Australian dollar against the U.S. dollar initial resistance at around 0.9655, strong resistance at around 0.9690; initial support at 0.9520-0.9500 area, strong support at around 0.9465.

Gold Rush international financial exchange market briefing (0526) - Forex Trading

First, the global financial markets last week closed market index closed Change China%26#39;s Shanghai Index 3473.09 -12.54
Nikkei Index 14012.20 +33.74
The Hang Seng Index 24714.07 -329.05
The Dow Jones Index 12479.63 -145.99
The Nasdaq composite index 2444.67 -19.91
S %26amp; P 500 1375.93 -18.42
Germany%26#39;s DAX index 6944.05 -126.28
Second, Europe and the United States stock market Summary of the U.S. stock market, closed down last Friday, high oil prices finally let the stock market later suffered from, the Dow Jones industrial average closed this week%26#39;s performance was on February 8 since the worst time. European stock markets, fell last Friday, crude oil prices rose to pressure the stock market lower.
U.S. stock market, the Dow Jones Industrial Average index closed down 145.99 points at 12479.63 points, or 1.16 percent, the Dow fell 3.9 percent. The Nasdaq composite index fell 19.91 points to 2444.67 points, or 0.81 percent. The Standard %26amp; Poor%26#39;s 500 index fell 18.42 points to 1375.93 points, or 1.32 percent, below the closing level last month. European markets, Britain%26#39;s FTSE 100 index fell 1.5 percent, to 6087.30, while the French CAC-40 index fell 1.9 percent, to 4933.77, and Germany%26#39;s DAX index fell 1.8 percent to 6944.05 points.
Third, gold Energy New York Mercantile Exchange (NYMEX) crude oil futures closed higher last Friday, but the rally stalled slightly as investors in the Memorial Day holiday before the arrival of the adjustment of positions. NYMEX08 in June NYMEX crude oil futures settled up 1.38 dollars to 132.19 U.S. dollars, or 1.1 percent.
The New York Mercantile Exchange (COMEX) gold prices rose last Friday, the dollar weakened the crude oil price fluctuations, to maintain the uptrend in the gold market. COMEX08 in June gold closed up 7.50 U.S. dollars to 925.80 U.S. dollars an ounce.
Fourth, the international foreign exchange markets of New York, last Friday, the dollar fell, the stock market fell by the United States and the international fight against the high price of crude oil, which is also pressure on the dollar the week the main factors. Dollar last Friday to support the only factor is that the U.S. housing data slightly more than economists expected. But April%26#39;s existing home sales are still below the level in March, nine months, eight months of sales decline, so that investors can not find a reason to buy dollars. The euro rose to a high of 1.5795 U.S. dollars, a record high of 1.6020 U.S. dollars from only a 2 cents a share, the U.S. dollar against the yen fell to 103.0 yen. Last week the dollar against the euro fell 1.3 percent against the yen down 0.9 percent. It seems that the short-term trend of dollar weakness. U.S. stocks closed from last Friday when it fell, but also decreases constantly expanding, investors in the U.S. Memorial Day long weekend, three days before the open. This has led to foreign exchange investors who appear to sell high-risk high-yield currencies, such as buying the yen and Swiss franc are usually low risk and low yield currency. Swiss franc against the dollar in April rose to the highest level. The foreign exchange market in Shanghai, China%26#39;s exporters selling dollars late in the set to promote yuan last Friday for the fifth day after to set the new high. Dollar / yuan in the Request market last Friday to close at 6.9417 yuan, down from last Thursday closing price of 6.9430 yuan, trading between 6.9476-6.9405 yuan RMB, which is the lows after the change.
Euro / dollar (EUR / USD)
1.5600/1.5500 support, the resistance 1.5900/1.6000
Sterling / dollar (GBP / USD)
1.9650/1.9550 support, the resistance 1.9900/2.0000
U.S. dollars / CHF (USD / CHF)
1.0100/1.0000 support, the resistance 1.0400/1.0500
Dollar / yen (USD / JPY)
102.00/101.00 support, the resistance 104.50/105.50
Aussie / dollar (AUD / USD)
0.9450/0.9350 support, the resistance 0.9700/0.9800
Dollar / Canadian dollar (USD / CAD)
0.9750/0.9650 support, the resistance 1.0000/1.0100
5, 6:45 today important data in April New Zealand exports (NSW billion yuan) 34.4
6:45 imports of New Zealand in April (New Zealand billion yuan) 34.9
6:45 New Zealand in April into the trade account (NSW billion yuan) -0.5
6:45 to New Zealand on April 12 months into the trade account (NSW billion yuan) -45.3 form at the bottom 7:01 Britain May not seasonally adjusted Honetrack Price Index (annualized) -0.90% impact
7:01 UK May not seasonally adjusted Honetrack Price Index (on rates) -0.60% impact
6, 11:00 today an important event in Tokyo Financial Assistant U.S. Treasury Secretary floor, Rui gave a speech on the theme from the financial crisis and financial turmoil in the lesson
U.S. war dead memorial service on the British market closed for Spring Bank Holiday markets were closed Disclaimer: The above analysis for reference purposes only and does not constitute intervention recommendations. Exchange investment risks, prudent decision-making!

Play down the prospects of soaring oil prices cut U.S. dollars Xudie inevitable - Forex Trading

That oil prices climbing up the market may prevent the U.S. Federal Reserve (Fed, FED) outside the central bank lowered interest rates to prevent inflation birth, in this case, this week the dollar could further weaker.
Last week oil prices jumped to the top 135 U.S. dollars per barrel, the market had widely expected the European Central Bank (ECB) rate cut this year the prospect of being questioned.
Analysts said investors seeking higher returns is to focus attention to the spread of this factor, the proceeds of the sale of low-dollar, the euro bought at the same time, Australian and New Zealand dollar and other currencies.
Analysts also noted that technical factors do not favor the dollar, a few weeks before the dollar rose as the Fed lowered interest rates to curb massive series of economic recession, the central bank may start before the end of the tightening of monetary policy is expected to promote U.S. dollars Up.
Brown Brothers Harriman, senior currency strategist at Chandler said, In the past few days dollar's decline has destroyed its technical situation, but fundamental factors have also played a role. Dollar could further down this week.
Although hedge (hedge) funds that have dollar bottomed out, but the sharp rise in oil prices circumstances, they do not do more willing to massive dollar.
Last week the U.S. Federal Reserve cut its 2008 economic growth forecast, and emphasized the increasingly worried about inflation.
Analysts said that inflation pressures will make it more difficult to re-Fed rate cut, while the slower growth outlook also means that it is not appropriate to tighten monetary policy.
The euro briefly touched or pre-record highs, analysts said the euro against the dollar before the test may have hit the record high of 1.60 U.S. dollars at the top, but added that such a trend may be only a flash in the pan.
To make the euro remained at the top of this standard, the common needs of both sides, First, the Fed lowered interest rates on the expected re-ran, and the other is outside the euro zone German economic data have improved, CMC Markets chief currency analysis Division Ashraf Laidi said.
Last Friday the euro rose to 1.5780 U.S. dollars nearby. U.S. stocks surge in oil prices this week, as well as the continued to decline, and investors are likely to undermine the will of adventure and suppress dollar against the yen and Swiss franc and other currencies, dealers said.
Laidi said, We expect the decline in the stock market made a comeback, the financial market will become yet another headache factors Standard & Poor's 500 index and the Dow Jones industrial average continued to fall, especially drag dollar / yen.
The data released this week, including the United States in April new home sales and durable goods (durable goods) orders, and the first quarter gross domestic product (GDP) revised. May consumer confidence data this week will be the latest data, and analysts expect the number of Fed officials will not change the market's speech on the U.S. economic outlook and future trend of monetary policy expectations.
But retailers retailer Sears Holdings is scheduled to announce Thursday the first-quarter results, expected to provide investors with the state of the U.S. consumer some clues.

May 26 Monetary Analysis and Forecast - Forex Trading

Euro / dollar: last weekend weaker-than-expected U.S. housing data, shows that the U.S. economy has not yet shedding the most difficult period, the euro event after the shocks go to support the vicinity of 1.58. This morning, the greenback slightly upstream. Referring to three hours in the gold chart, as a progressive Finger signals, reflecting the greenback after the pullback case of concussion move up the support of the strong desire of the current exchange rate is approaching the front line near 1.58, the overall trend is still strong, as investors can be broken on 1.58 and take a firm, is expected today, the euro is expected to further open up space.
Operation recommendations: with gold that signal (1) to consider the exchange rate at 1.58 and take a firm break, could consider doing short-term, stop-loss at 1.5770, target 1.5830/1.5860.
(2) the exchange rate stabilize near the pullback to 1.57 signs, may consider doing a small amount of short-term, stop-loss at 1.5670 near the target 1.5730/1.5760.
Sterling / dollar: last weekend was around 1.98 pounds wide shocks, the maximum up to near pre-high of 1.9850, after the late Yuzu small pullback. This morning, the greenback narrow range of finishing. Referring to three hours for gold in the plans, as a downward Triangle signals, reflecting the dollar up to around 1.9850 have greater resistance, the greenback rebounded temporarily blocked a narrow range near 1.98 after adjustment, the main Weigai upward trend is expected to support today pounds pullback after the event is expected to again move up the shocks.
Operation recommendations: with gold that signal (1) to consider the exchange rate 1.98 Shouwen line, multi could consider short-term, stop-loss control in the vicinity of 1.9770, objective look at the 1.9830/1.9860.
(2) to consider the vicinity of 1.97 to the greenback callback firm, a small amount of short-term multi may consider, stop loss 1.9670, objective look at the 1.9730/1.9770.
Dollar / yen: the dollar fell sharply on the impact of the weekend Wall Street fell, after 104 Diechuan decline further expanded. This morning, the greenback fell. Referring to three hours in the gold chart, as a downward finger signals, reflecting the dollar / yen Confined to the sharp fall early low after weak trend tends to, the greenback was down to 103 near the narrow range of adjustment, the overall trend is still weak, if investors below 103, is expected later in the downlink a greater chance of concussion.
Operation recommendations: with gold that signal (1) to consider the greenback Diechuan 103 line, could be considered for short-term selling, stop-loss control in the vicinity of 103.30, the goal to look at 102.70/102.30.
(2) to consider the greenback rebounded to 103.60 signs of disruption, may consider to sell a small amount of short-term, stop-loss at 103.90. Aim to look at 103.30/103.00.
Aussie / dollar: 0.9650 Australian dollar rebounded to near the blocked down, and for a time of 0.96 broke the front line, the slight rebound in late case of support. This morning, the greenback fell. Referring to three hours in the gold chart, the latest in a downward finger signal, Australian dollar rose sharply to reflect the recent high of disruption, and a greater demand for the pullback, further up the greenback fell to 0.96 after the blocked near the main overall downward trend is expected to drop their shock today to find lower support the possibility of .
Operation recommendations: with gold that signal (1) to consider the greenback Diechuan 0.96 frontline, could be considered for short-term selling, stop-loss control in the vicinity of 0.9530, objective look at the 0.9470/0.9430.
(2) the greenback rebounded to 0.9660 near the blocked signs, may consider selling a small amount of short-term, stop-loss control in the vicinity of 0.9690, objective look at the 0.9630/0.9600.
Dollar / Canadian dollar: a pullback in international oil prices, higher exchange rate shocks, the maximum up to 0.99 near the late narrow range of adjustment, the greenback this morning slightly down. Referring to three hours for gold in the plans, the latest signal a downward triangle, reflecting Near the greenback rebounded to 0.99 have greater resistance to shocks and again down the signs, near the low of 0.9870 dollar in consolidation, is expected to rebound today after fell again blocked the risk of still larger.
Operation recommendations: that signal with gold
(1) to consider the greenback Diechuan 0.98 support, could be considered for short-term selling, stop-loss control in the vicinity of 0.9830, objective look at the 0.9770/0.9730.
(2) the greenback rebounded to 0.99 blocked near the signs could be considered to sell a small amount of short-term, stop-loss control at 0.9930, objectives to look at 0.9870/0.9830.
Dollar / Swiss franc: dollar rebound fell blocked shocks, the minimum was lowered to 1.02 near the late narrow range of adjustment. Referring to three hours for gold in the plans, as a downward finger signals, reflecting the sharp fall to the greenback under pressure after the initial low, The overall trend tends to weakness in the current exchange rate of 1.0230 near the narrow range of adjustment, by the desire to be enhanced, the main trend remains downward, is expected to drop today shocks to find lower support of the greater risk.
Operation recommendations: with gold that signal (1) exchange rate of 1.02 Diechuan line, could be considered for short-term selling, stop-loss 1.0230, objective look at the 1.0170/1.0130.
(2) to consider the greenback rebounded to 1.0360 near blocked, may consider selling a small amount of short-term, stop-loss control in the vicinity of 1.0390, objective look at the 1.0330/1.0300.
Note: The above gold that the light signals are plans for gold means three hours real-time signal

Week on foreign exchange markets - Forex Trading

This week, the overall dollar index mainly to the callback. The dollar index this week three points after falling as low as 71.83, April 24 the lowest. This weekend, New York, the dollar index closed at 72.01 points.
Our first analysis: the dollar index in the week three points after falling as low as 71.83 The main reason:
1, the famous master investment, Buffett%26#39;s recent speech as the key to the dollar index down.
Buffett said this week: The United States also credit the impact of the crisis is far from over.
Three investment master this week Buffett said: The current financial crisis on the impact of the U.S. economy will be larger than many people expected, the dollar will continue to devalue.
At the same time, other officials are more worried about the U.S. economy, a falling dollar is the most major reason. For example:
International Monetary Fund said this week: the U.S. housing market could lead to still more of the financial market shocks.
This week three French central bank governor said Noah: the financial crisis has not ended.
Five German commercial banks this week said: triggered the recent dollar sell-off factors have not yet encountered disappear. That the market: rising oil prices the dollar next week to face even greater obstacles.
In addition, this week the Dow Jones index this week dropped a Chonggao.
The Dow Jones industrial average this week from an intraday high 13136.69, five in the week after falling as low as 12460.09 points, 5.43 percent during the largest decline.
2, this week the recent U.S. economic data is weak. Housing data in particular: the United States this week announced the five existing home sales in April fell 1.0 percent on rate.
3, the current U.S. inflation rate is not high, a rate cut is still possible, raising interest rates is unlikely.
Before, 14(Wednesday) The United States announced in April the consumer price index, the rate increased by 0.2 percent, lower than the previous value increased by 0.3%. This week, the United States this week announced the April producer price index, the rate fell 0.2 percent, lower than the previous value increased by 1.1%.
From the MACD indicators, a more negative trend of the dollar.
The dollar index is expected next week is still 72 points near the Commissioner integer support, the main reason: the Federal Reserve meeting minutes showed that the possibility of lowering interest rates decline.
Three minutes of the Fed meeting this week show: even if the economic contraction, the Fed will not cut. Many members expected U.S. GDP contracted slightly in the first half of this year, the recovery in the second half. Some members think that if the economic slowdown in the short term or a slight contraction, not suitable for a rate cut.
3 this week Fed Governor Xu said Huwart: If the market that Fed policy for too long, too loose credibility of the Federal Reserve may be damaged, the high inflation rate is very worrying. U.S. Federal Reserve should resist external requirements of the possibility of further rate cut.
This week four U.S. Treasury Paulson said: there should be close to the end of the credit crisis, long-term U.S. economic fundamentals remain relatively strong.
The author of the latest judgement next week, the dollar index:
1, from a technical perspective, 72 next week, the dollar index is the key point integral clearance. If next week%26#39;s dollar index can not stand firm in 72 points on the integral clearance operation, the dollar continued to fall still the possibility, but once the firm effective next week, the dollar index at 72 points above the integral clearance, still does not rule out the possibility to continue The possibility of rebound. The dollar index is expected next week in the vicinity of 73.50 points a greater resistance.
2, but overall I still tend to the recent dollar decline or the possibility of a rebound.
3 If next week%26#39;s dollar index has always been firm in 72 points on the integral clearance operation, on behalf of the recent dollar index will not create a new low, but to really change the situation of the weak dollar, its price must stand firm in the 200-day moving average line On 75.82 points. At the same time also need to meet: the end of the Fed rate cut cycle, not to the market capital injection.
Concern: the United States next Tuesday announced the April new home sales, the U.S. May consumer confidence index, the U.S. construction spending in April, next Wednesday the U.S. announced in April durable goods orders, the United States next Thursday announced the first quarter of this year GDP, under the The United States announced Friday the May Chicago Purchasing Managers index. U.S. April personal income and spending, the United States in May University of Michigan consumer confidence index. Since this week, the euro a strong rise in the trend. The euro this week intraday high of 1.5800 40 for April 24 has the highest. Since May 8 or the lowest point 1.5289, its rebound, during the biggest margin to 3.34 percent rebound.
This weekend, New York, the euro closed at 1.5763.
Our first analysis: the euro this week in the four highest intraday 1.5800 rebound in the main reasons:
1, released by the German IFO business climate index is the key. Other data also more favorable:
Germany announced this week three of the May IFO business climate index for the month 103.5,4 for 102.4.
2, to control inflation remains the primary task of the euro zone, the basic rate cut was expected to give up.
This week the European Central Bank President Jean-Claude Trichet again said that: the need for vigilance against the first two effects of inflation, price stability is the best way to sustain growth.
German central bank said this week: German CPI the next few months may be increased significantly, the first quarter of this year, German GDP data showed that the German economy remained strong this surface.
This week the German ZEW economic experts said: The European Central Bank is expected interest rate increase will be announced soon, especially in high inflation, export promotion of economic growth.
Germany announced this week the April producer price index up 5.2 percent annual rate for August 2006 the highest level since. Five German central bank governors this week Weber said: The European Central Bank did not cut the space, or even need to consider raising interest rates.
That the market: the euro zone May inflation rate could rise to 3.5 percent, the European Central Bank to leave interest rates unchanged firm, at least until this summer.
3, the market sentiment on the future of the euro is more optimistic:
Buffett said this week two: no reason to believe that the euro against the dollar there will be a devaluation of the future.
Japan this week the Bank of Tokyo-Mitsubishi UFJ said: the next three months, the euro will reach 1.62 frontline.
4, MACD indicators of a low Jincha shows that the recent rebound in the euro trend.
But the author is still expected in the future euro 1.58 or higher position, may encounter resistance, its causes:
1, the market is also a part of the euro are not optimistic about the future trend of the view:
Lehman Brothers this week again: The European Central Bank is expected to start in September this year, a rate cut.
The Financial Times said this week: the euro had not yet have the ability to dominate.
3 this week Germany%26#39;s IFO economic experts Nabo said: expect the European Central Bank rate cut will be the second half, the euro is overvalued, the strong euro weakened corporate profits, is expected later dropped.
40 Juncker said this week: do not believe that the euro within the next few months will be particularly optimistic about the performance.
Five French finance ministers this week Raghad said: I hope that the stronger dollar against the euro.
2, pre-April 22 euro rose to 1.6017 when the maximum has been re-emergence of the Top deviated from the phenomenon.
The author of the euro next week, the latest trend of the judgement:
1, is expected to file next week on the euro 1.58-1.5850 have a certain resistance. If there is no particular good news, the euro may be difficult to effectively break the interval. In my view: the only effective breakthrough 1.5850 euro position, the euro will be organic at the early high of 1.60 Test line, otherwise, the euro is likely to continue to be based pullback.
2, is expected to file next week in the 1.55-1.56 euro in support, while the lowest point of concern pre-euro 1.5289, if the position again fell below effective, the euro fell to 1.50-1.51 range may be.
3, I believe that: nearly one stage, the euro rebounded, the possibility still continue to pullback, the key reason is that the recent dollar rally. However, the next opportunity to rebound in the euro fell still, after all, the current European Central Bank without the possibility of a rate cut.
4, the only effective euro fell below 1.4761, its 200-day MA could weaken.
Concern: Germany next Tuesday announced the first quarter of this year, the final value of GDP, Germany in June GFK consumer confidence index, housing starts in the second quarter of France, Germany next Wednesday April retail sales, Eurozone current account in March, next Thursday Germany April unemployment rate, Germany May consumer price index, next Friday France in April producer price index, unemployment rate in the euro zone in April. Eurozone May consumer price index. Since this week, the yen rebounded again blocked the movement. 40 yen this week after the highest rebound in 102.73. 5 yen this week after falling as low as 104.25, the final this weekend, closing at 103.36 yen in New York.
Our analysis: Japanese Yen lowered again after a larger rebound in the main reasons:
1, consecutive record high oil prices is to promote the yen rose the most recent major reason.
July 4 this week the international crude oil futures prices up to 135.04, again reaching record highs.
The rise in oil prices, the yen fell sharply, which will increase their import costs and increase production costs and lead to price increases, leading enterprises price competitiveness of export products dropped.
2, part of Japan%26#39;s economic data improved, gradually dispel the market%26#39;s expected rate cut, while the Bank of Japan governor Baichuan Fang-ming and a slight change in the speech:
Japan announced this week two of Japan%26#39;s March industrial index for the first three months the rate increased by 0.3 percent, better than the previous 1.6 percent decline in value.
The Bank of Japan said this week: increased investment in the real estate assessment, the core consumer price index, increases may be increased.
This week the Bank of Japan Governor Baichuan Fang-ming said: Most of the Monetary Policy Committee members expressed vigilance oil price impact on Japan.
Japan announced this week four of March all industry activity index, the rate increased by 0.5%, 1.4% decline in value before.
Focus on: next Friday at 7:30, Japan announced the May consumer price index.
3, the renminbi to appreciate the support.
5 yuan hit again this week on July 21, 2005 to the highest level since 6.9408. Since July 21, 2005 RMB largest gain achieved 19.29 percent.
This again reflects the current four Chuan Wenchuan earthquake disaster to the Chinese economy will not be a major impact on China%26#39;s economy will maintain steady growth.
This week two former U.S. Federal Reserve Chairman Alan Greenspan said: long-term, Asian currencies against the U.S. dollar will continue to be strong. RMB against the U.S. dollar is expected to maintain a long-term appreciation trend.
Fourth International Monetary Fund said this week: the long term, the value of the renminbi is still being underestimated.
4, international agencies are still relatively optimistic about the future prospects of the yen:
The International Monetary Fund said this week: the yen could reach 95 first.
5, from a technical perspective, MACD indicators still point to rebound in the yen. Two lines of the Sicha.
But after the rebound in the yen will continue to encounter resistance. The main reason:
1, generally the second quarter of the year, if there is no special good news, such as raising interest rates, the Japanese side to support the yen rose, overall the yen mainly to the callback.
Australian dollar against the yen this week intraday high of 100.019 2, February 28 the highest level since.
The news this week that Japan%26#39;s postal savings system, the semi-official pension funds and insurance companies in the new fiscal year will increase overseas investment. Although the United States Ciji Zhai overseas financial market uncertainties still exist, but many of these institutions said the bonds have been underestimated.
2, Japan announced this week%26#39;s economic data also weak, such as:
Japan this week announced a May Tankan sentiment index for the manufacturing sector-2, lower than the previous value of 1, July 2003 to the lowest level since.
Japan announced this week four of April trade surplus of 485 billion yen, down 46.3 percent.
3, this week, the Bank of Japan to maintain interest rates unchanged, the next interest rate increase is unlikely.
The Bank of Japan this week to maintain 0.5 percent interest rates unchanged. Market that the Japanese economy at present it is difficult to make any interest rate adjustments.
4 this week Bank of Japan Governor Baichuan Fang-ming said: Bank of Japan not to set interest rate policy stance in advance. Because of rising raw material prices, the Japanese economy has been slowing down growth.
Before: this week a Asahi Shimbun reported: Japan the first quarter of this year of strong economic growth momentum may be difficult to continue.
4, this weekend, Japan%26#39;s major financial concern for the Japanese economy is still more concern and caution.
The Bank of Japan this week five minutes of the meeting showed that: All members unanimously agreed to keep interest rates unchanged. Corporate profits may be expected because of the appreciation of oil prices has reduced.
Japan%26#39;s economy minister this week five field Hongzi again: the rising trend of the yen is weakening, when the current rising oil prices pose a threat to larger corporate profits.
Five Japanese Finance Ministry this week Minister Fukushiro Nukaga said the expected corporate profits and oil prices will affect consumption.
The author of the latest trend of the yen next week judgement:
1, continue to pay attention to 103 and 105 integral customs. If the effective break 103 yen integral clearance, the yen will likely to continue to rebound. If fell below 105 yen again, it may decline will continue to expand.
2, but I still cautious about the current overall trend of recent yen.
3, the yen should continue to move up, or even break 100 again, to a higher position, need to meet three conditions: the Federal Reserve to continue lowering interest rates, the Bank of Japan raising interest rates at least expectations of a rate hike, oil prices firm in the 100 On.
4, I think: in the second quarter of this year if the Bank of Japan to maintain interest rates unchanged, while the yen to a better performance. Of course, higher oil prices also limit the yen down even further.
Concern: Japan next Tuesday announced the April corporate services price index, released next Thursday of Japan%26#39;s April retail sales, Japan next Friday announced the May manufacturing purchasing managers index, Japan%26#39;s unemployment rate in April, Japan May consumer To Price Index, Japan April industrial output, Japan April housing starts.

British pound short - Forex Tradingterm high of consolidation, stronger resistance 1.9850 - Forex Trading

Recalling the trend:
Sterling / dollar short-term shocks to maintain upward trend of the main trends rhythm, the greenback second test 1.9850 Chonggao line price, but failed to form an effective breakthrough in high positions. K-Line, graphics or small Yinxian, the 144-day MA of the exchange rate plays a certain role in the resistance, MACD indicators in the shaft below zero opening up, sterling / dollar medium-term trend in the interval to maintain finishing at the bottom of the main shock.
Short-term direction of the day: shock adjustment weak support: strong support 1.9750: 1.9680
Weak resistance: 1.9850 strong resistance: 1.9910
Trend Analysis:
Graphics on the hour from the analysis, MA system to continue with a long run mainly by short-term rate based on average a good role. The second test against Chonggao early high of 1.9850 location, the whereabouts of the main resistance to shocks, MACD indicators in the axis formed by two top deviated from the phenomenon indicates short-term actions could appear on signs of weakening, but the main short-term upward trend to maintain The main rhythm, is expected today sterling / dollar movements to maintain short-term shocks uplink greater probability.
The recent operation, the center line interval as a guide to thinking; short interval to operate as the guide line of thought.
A warehouse:
More than a pound positions of investors, will be set up in the stop-loss 1.9750, target: 1.9900
Kongcang a pound of investors, will be set up in the stop-loss 1.9850, target: 1.9770
Kongcang:
Kongcang investors mainly to maintain wait-and-see.

The market relatively flat, Africa and the United States of shocks - Forex Trading

Asia was relatively flat market, Africa and the United States to maintain the currency shocks, the EU is expected to set the market volatility will increase, but taking into account the U.S. market closed tonight, the day the market as a whole is expected to be limited volatility.
Euro / dollar: early high of shocks, at the top of resistance 1.58, the new firm will open up space for initial target of 1.59 line, and followed in 1.5750,1.57, here is an important short-term support. Tendency to short-term exchange rate shocks, the kinetic energy pullback slightly dominant.
Dollar / Swiss franc: short-term dollar rebounded slightly, above the 1.03 resistance, to break through strong initial target of 1.0350 line, and the important support at 1.0220 bottom line, fell down will open the new space.
Sterling / dollar: Asia set to maintain concussion, short-term pullback pressure to a certain extent, an important support below 1.9750, fell weakening, the initial target of 1.9650 line, but Shouwen 1.9750, still have a chance to uplink to break through 1.9850, 2.00 juncture with the challenges capacity.
Dollar / Canadian dollar: low exchange rate shocks, 0.99,0.9950 resistance at the top of the front line, while below support at 0.9840,0.98 juncture, short-term rate is still expected to shocks, the kinetic energy slightly rebound advantage.
Aussie / dollar: short-term resistance 0.9630,0.9660 line, here for the current key resistance, effective breakthrough will open up new space, but blocked, tend to pullback, followed 0.9550,0.95, here as the key support.
Dollar / yen: Figure indicators hours, short-term exchange rate tend to rebound above 103.50 resistance, the breakthrough will try again on the 104 checkpoints, and below support at the forefront 103,102.50, an important support for the current here.
The dollar index: early shock to maintain the current key support 71.80, fell to continue downward trend last week, the initial target of 71.30 line, but Shouwen, a short-term shocks ability to rebound, 72.30 resistance at the top of the front line.
Gold: Gold to maintain short-term shocks, resistance at the top 930, will break on the first try 935,940, 922,916 and below support at the front line, here is an important short-term support. Figure-hour look at short-term price target is still expected to shocks.

European Open: high consolidation euro, Australian dollarhigher - Forex Trading

Monday, the United Kingdom and the United States market closed, the foreign exchange market relatively light, the major correction to the main shock. The dollar index below the line in 72.00 to maintain low finishing, if short-term support around 71.80 below will continue to run down the main trend. In light of market conditions, maintain the high Australian dollar commodity currencies finishing and effectively to break up the recent high point. The euro and sterling is still high at present mainly finishing.
Euro: euro / dollar 1.5800 nearby sub-finishing operation, MA system are still bullish on the exchange rate support, after a brief consolidation will continue to uplink. Figure on four hours, twice near 1.5800 Yuzu, on actions to be inadequate, the recent high of consolidation is still mainly to break through 1.5800 to uplink.
GBP: British pound / dollar in the downlink channel internal operations, is expected to rebound in the near future to further test early access along the nearby resistance. Hours on the map, after the formation of several new high deviated from the top, but the uplink to maintain good rhythm, concern the recent high of 1.9850 can break the vicinity. Four hours on the map, MACD in the oversold state and formed Sicha, the recent high of finishing will be mainly to break through 1.9850 to 1.9900 could be further perspective nearby.
Japanese yen: dollar / yen to 104.40 by the Rapid Elevated near Yuzu rapid decline down to 103.00 near the minimum of support modest rebound, with low short-term consolidation mainly to break through 103.00 to run down the main trend early. Figure on four hours, the greenback still finishing in the 102.70-105.70 range of internal operation, with the average short-system suppressing the exchange rate, the recent operation is still the main interval, below 102.70 down to return to the mid-tempo.
Australian dollar: Australian dollar / dollar to continue reaching record highs last week, the k-plans on a row on the 4th to take a longer shadow on the line k line, showed that the two sides in the history of high Duokong for intense, at the same time, on the map Admission to several top deviated from the more established single-holder takes good stops. On the map, not short-term to a record high, still finishing high mainly based on average exchange rate continue to uplink, short-term correction after the run up to the main trend.
Canadian dollar: dollar / Canadian dollar 0.9820 in the vicinity of support has not rebounded to a record low short-term, but in dropped Yuzu near 0.9900, near the 144-day MA is still stronger role in the suppression, if not break down the exchange rate will return to trend . Hours on the map, based on average exchange rate up, MACD zero axis, a passive, short-term interval still operating mainly concerned about short-term resistance can break through 0.9900, the breakthrough could be further speaking to 0.9960.
Swiss franc: dollar / Swiss franc fell below pre-uplink channel, near the 1.0200 support sub-finishing operation, the average exchange rate system continues to suppress, record low after the formation of a departure from the end of a mouth and compared the divergence Jincha, if we can break through Descending trend line of repression, short-term rebound will continue, otherwise, they will continue to run down the main trend.
European sessions important data and events:
British markets closed for Spring Festival Bank.

Continuation of decline in the United States and Japan, 102.55 under attack in sight - Forex Trading

Fundamentals:
By the U.S. stock market fell and the international crude oil prices high against the dollar this week under pressure. Dollar last Friday to support the only factor is that the U.S. housing data slightly exceeded expectations. But April's existing home sales are still below the level in March, nine months, eight months of sales decline, so that investors can not find a reason to buy dollars. The short-term trend of dollar weakness. U.S. stocks closed from last Friday when it fell, but also decreases constantly expanding, investors in the U.S. Memorial Day long weekend, three days before the option open.
Recalling the session:
U.S. dollar against the yen on the map of direction Hengpan, Friday amplitude 119 points to close out a small Yinxian. After bottoming out rebound the previous day after the United States and Japan failed to extend short-term increases, once again the main alternative to a main rhythm down. At present, a large triangular shape relay to gradually reduce the probability, the greenback remains the trend channel. Now need to focus on the access of 102.20 along the supporting role.
Short-term direction of the day: Tandi strong pick-up support: 102.20
Strong resistance: 105.00
Dollar short-term re-main alternative to a main rhythm of the end of the Thursday short-term rebound trend, in general still not out of range shocks pattern. On the map through the average exchange rate system repeatedly. Four hours Hengpan plans objective trend, the United States and Japan since fallen below the previous day's rise from the map after the trend has continued with minor adjustments, the main short center line up the same rhythm. Now need to focus on inspection tour along the 102.20 channel under the supporting role, if held steady in this area, there are a large flag-raising on the possible shape of the relay. Figure hour rhythm disorder shocks is very clear, fell on Friday for the consolidation, expected today, following the United States and Japan will remain the main acts. Now the yen is still operating range of ideas to take today can be considered radical in the front line at the top of 102.20 Kokura do more the United States and Japan.
Operation of reference:
The recent operation, the center line, are in short interval operation as a guide line of thought.
A warehouse: many hands if the United States and Japan alone, stop-loss on 102.30, 104.80 goals; hands if the United States and Japan-air, stop-loss on 103.80, 102.60 goal.
Kongcang: radical who do Guadan 102.20 U.S. dollars against the yen, stop loss 101.70, target 104.00.

High oil prices that hit the United States, this week is expected to remain slack - Forex Trading

The soaring international crude oil market as the focus of high oil prices to recent trading pattern has changed significantly. United States dollar and oil prices maintained close ties, as a large consumption of petrol, oil prices rose further may drag the U.S. economy and to increase its pressure on inflation, the Federal Reserve will keep interest rates low, thus leading weighed on the dollar Downlink, on the other hand high oil prices will stimulate the euro zone inflation accelerated appreciation of the euro, the dollar is a bad news.
Fed rate cut in the implementation of a series of initiatives to curb the economic recession, market speculation likely before the end of the tightening of monetary policy, by this positive effects of the dollar index has rebounded to 73.89 location, the non-US currencies have lowered the Key support level, and there is Powei substantially lower the risk.
Investors in the U.S. dollar index regain hope that when the frequency of high international oil prices to the dollar index head-on blow. Crude futures had breakthrough last week, 135 U.S. dollars per barrel highs, investors in the U.S. economy into stagflation worries intensified, the U.S. dollar index therefore all the withdrawal, the euro against the U.S. dollar led to a strong rebound in non-US currencies, the euro against the dollar for three weeks at the Yangxian , Once again approaching the level of resistance 1.58, sterling against the dollar since the low of 1.9362 to 1.9849 to the way high, investors expected further challenges 2.0 juncture, the Australian dollar would be pushed to record high 0.9653 level.
At present, oil prices have not yet shown signs of decline peaked, substantially lower short-term, the possibility is very small, this week the dollar index is expected to continue weak, below the 71.60 line is the key support level, this bit is support at the rise from the place where, Once the below-will trigger a new round of selling prices, low 70.70 to 71.20 even tested. Instead longs forces are expected to help the vulnerable start-up rebound.
This week the United States there are a number of data, such as the United States in April new home sales data, the U.S. May consumer confidence index, the U.S. April durable goods orders, etc. as well as Bernanke's remarks Thursday, investors can seek from the direction of interest rates further Clues.
Operating strategy: to present Fenggao short dollar index mainly concerned about the front line support at 71.60, investors can consider the radical-in the rebound, but bearing in mind a good stop-loss.

Currency calm oil prices fall on holiday guide future dollars - Forex Trading

Asia early trading today, as the UK and the U.S. market falls on holiday, so thin trading, the dollar against major currencies on maintaining a low of consolidation at the top of the market for the U.S. economy into stagflation fears are still continuing. After economic data scarce, the United Kingdom in May, Hometrack housing price index rate fell 0.5 percent annual rate fell 1.9 percent to a November 2005, the largest drop, but the data did not have an impact on almost pounds. Merrill Lynch on the Gulf States will abandon the policy of pegging to the dollar exchange rate caused the market attention to the article, the report will help extend the reach of the euro. Soros in the British Daily Telegraph that the speculative factors for the recent soaring oil prices the key. The current market price of crude oil investors concerned about the performance, to seek the future direction of U.S. dollars. As Britain and the United States closed, the days of no important data.
U.S. new home sales this week, durable goods orders, personal consumption expenditures index, personal income, personal spending, the Chicago purchasing report and the University of Michigan consumer confidence index released, in addition to the inflation index of consumer spending, the other will show the economy Slow down the extent, therefore, believe that the foreign exchange markets this week will use the data to assess the U.S. economy into a nosedive bulging How great are the risks, unless the publication in some unexpected surprises, or perhaps more so short the dollar-based. Europe, the United Kingdom will only released this week Gfk consumer confidence index, the euro zone but there were more than the Consumer Price Index and the economy, to King and consumer sentiment index released, and so on. At the same time, Germany will have the unemployment rate and retail sales, is expected to more data on the impact of exchange rate than the United States announced important, but dollars from the mid-April the rebound potential for only a week will end. Catalyst is the rising oil prices, the market has undoubtedly shift the focus to inflation and economic performance. As for Switzerland this week will be released KOF leading indicator, while Japan retail sales, manufacturing procurement report, the Consumer Price Index and the unemployment rate announced, but with the Swiss franc continue to play a currency hedge-Kok, is expected Shares will continue loading about the direction of its movement. In addition, this week the Federal Reserve and European Central Bank has issued a statement a number of important officials, remains to be seen whether it will comment on its future high oil prices on interest rates and economic impact.
Price performance of the euro against the dollar the euro against the dollar during the Asian Open today in the vicinity of 1.5765, the exchange rate to maintain the entire time interval in a tight range of 1.5750-1.5790. Merrill Lynch issued reports that the Gulf oil producers will soon give up pegged to the U.S. dollar's exchange rate policy, the United Arab Emirates and Qatar will be the earliest years of pegging to a basket of currencies. The report sparked the Gulf States currency reserves diversification speculation. However, due to the current quiet trading, the euro against the U.S. dollar does not appear obvious fluctuations.
From the fundamentals, this week the euro-related inflation data is expected to seek the direction of the euro break through the key. Technically speaking, investors in support of the euro against the U.S. dollar 1.5750 and 1.5680, resistance is seen at 1.5830 and 1.5900. European and American financial markets were closed today, so no important data released this week moderately concerned about the United States in April new home sales, durable goods orders in April and April personal income and expenditure data.
British pound against the dollar in Asia after today, the pound held steady against the U.S. dollar generally finishing 1.98, the lowest in early see 1.9792, 1.9831 immediately see the highest. British financial markets today because of the spring bank holiday, the U.S. financial markets closed for Memorial Day. Britain announced today early May Hometrack, house prices fell 0.5 percent, for eight consecutive months of decline in the previous month, down 1.9 percent year-on-year, a November 05 has the highest annual rate of decline. Data showed that British house prices continued to decline moderately, but limited range. Moderate concern this week the United States in April new home sales, durable goods orders in April and April personal income and expenditure data.
Technical level, British pound against the dollar last week break since mid-March downward pressure on line, Zhou map to a second straight week-and short-term average at above the short-term movements in the exchange rate has improved, this will still rise Space, the initial resistance to see 30 weeks MA 1.9930, then that 2.0; days technique indicators rise too rapidly, the days of rampant high technology indicators, but overall the strong side, the greenback in early consolidation after the strong demand for upstream, after the exhibition may rise again ; Support: 1.9750,1.97, strong support at 1.9685; resistance: 1.9850,1.99.
Dollar dollar against the yen during the Asian Open today in the vicinity of 103.28, the greenback throughout the period of volatility in the 103.12-103.41 range. Japan's stock market decline in U.S. stocks last Friday to undertake, the Nikkei 225 index closed down 2.30 percent, fell below 13,700 points, but not against the U.S. dollar against the yen caused significant effect on the exchange rate remains at the top Shouwen at 103.00.
Technical level, the dollar fell below 102.60 yen once the support of the exchange rate will be down to the level of near 100.00. Investors to support the dollar at 102.60 yen and 102.00, resistance is seen at 104.40 and 105.50. European and American financial markets were closed today, so no important data. The United States, will be published this week in April new home sales, durable goods orders in April and April personal income and expenditure data, a modest attention.
U.S. dollar against the Swiss franc today in Asia, the U.S. dollar against the Swiss franc since last Friday rebounded slightly low, the lowest in the bottom of 1.0230, the highest see 1.0261. British financial markets today because of the spring bank holiday, the U.S. financial markets closed for Memorial Day, or to limit currency fluctuations. Switzerland will be published this week in April UBS consumption indicators and May KOF leading indicator, is expected limited impact. Moderate concern the United States in April new home sales, durable goods orders in April and April personal income and expenditure data.
Technology, the dollar fell below last week against the Swiss franc since mid-March increased Tongdaoxiagui, Zhou plans for the larger Yinxian K-Line, the pre-rebound trend has been damaged, concerned about the intensity of the support of 1.0250/00 interval, measuring, targeting 1.0140, Otherwise, will continue rebound since mid-March; days technique indicators weak, but four hours deviated from the plans, the weak dollar may rebound; resistance: 1.0285,1.0340 / 50; support: 1.0230/00.
The Australian dollar Australian dollar against the U.S. dollar during the Asian Open today in the vicinity of 0.9590, the exchange rate to maintain the entire time in the 0.9581-0.9617 range. Trading was light despite the market, but the greenback continues to maintain a good buy for. The Reserve Bank of Australia said the Australian dollar 24-year high for March 1984 record of 0.9675, rather than in the previous technical charts common to see 0.9653. So the current Australian dollar against the U.S. dollar is still faced with the 0.9675 resistance.
From the fundamentals, the market continues to see more Australian dollars and is expected Australian dollar during the year is expected to parity level. Australian investors support at 0.9550 against the dollar and 0.9510, resistance is seen at 0.9675 and 0.9700. European and American financial markets were closed today, appropriately concerned about the United States this week in April new home sales, durable goods orders in April and April personal income and expenditure data.
USDCAD today in Asia after the dollar against the Canadian dollar below the 0.99 level of consolidation, the greenback was at 0.9881 at. Last week the United States announced the North American market in April existing home sales annual rate of 4.89 million units, representing the March revised 4.94 million units fell 1.0 percent, declining for the second consecutive month, while housing inventories increased sharply, housing prices significantly Down. Hinted that the U.S. housing market continued to worsen. . USA Today happens to mourn the war dead rest. Moderate concern this week the United States in April new home sales, durable goods orders in April and April personal income and expenditure data.
Technical charts show the dollar against the Canadian dollar Tandi rebound after a row on the 2nd, 5-day MA or speed slightly slower, on average system was short order, RSI oversold indicators from the serious, rising to 30-35 within the region, MACD Dual-axis below zero steadily lower, the Green-continued to narrow, KD minor Jincha indicators oversold region. The overall rate is still in shock wide range, short-term continued low after a slight rebound, but is expected to further rise in the rate may be limited, initial resistance to the 10 day MA at 0.9935, strong resistance at 1.0 integral juncture. Initial support in the early low of 0.9817 and then 0.9750 support, less support in the February 28 near the low level of 0.97, below the once-effective will increase the downside risk.

European city on the 26th stabilize the dollar at 103 yen at the top - Forex Trading

European city on the 26th morning, the dollar was steady at 103.00 yen at the top, after basic-rate around the city after the 5th average below a tight range. -- As of 18:50, the dollar was at 103.45 yen.
Last Friday the stock market downturn led to frustration sets interest rate transactions, the exchange rate is expected to be the overall trend of consolidation, only the effective range limit below 102.60 support, to launch a new round of market decline. As the United States and Britain today the financial markets closed for holiday, is expected to limit fluctuations of the exchange rate.
U.S. dollar against the yen last Friday blocked 20-day MA after the marked decline, 5-day MA continued decline in the medium-term follow-MA gradually, the overall pattern of finishing in a concussion. The analyst further pointed out that the greenback is expected overall consolidation trend will continue, the only effective range limit below 102.60 support, to start a new down market, then the level of support 102 and stronger support in the March 17 largest increase since The 38.2% retracement level near 101. At the top of the 20th average exchange rate of 104.15 pairs constitute the initial resistance, then the 105-level resistance, strong resistance around 105.70 in the range limit.
With crude oil prices hit record highs, high oil prices on the international foreign exchange market impact even more obvious. Due to soaring crude oil prices made investors began to expect the dollar might decline, thus increasing the demand for foreign exchange options, the Tokyo foreign exchange market Monday, the U.S. dollar higher against the yen foreign exchange options. East Tokyo foreign exchange market, the three-month dollar foreign exchange options implied volatility rate rose to 11.6% / 12.0%, last Friday was 11.45% / 11.70%. Japanese importers and exporters often buy three-month dollar foreign exchange options, to hedge the risk of large fluctuations in the exchange rate.
From the stock market and the yen exchange rate movements, the Nikkei stock market will support the dollar fell against the yen exchange rate higher. The suspension will affect the U.S. stock market fell, the Nikkei 225 index fell sharply Monday, the late close at 13,690, down 357 points, or 2.54 percent. Japanese stock index futures closed sharply down on the 26th, on the 23rd attributed to the sharp decline in U.S. stocks and high oil prices triggered concerns of inflation. Osaka Securities Exchange on 26 transactions Nikkei 225 futures fell 2.6 percent to 13,690 on turnover of 96,947 hand. Afternoon main contract was down to 13,670 points, due to Hong Kong and other Asian stock markets lower trigger a new round of selling. Tokyo Stock Exchange trading in the June Topix index closed down 33.5 points, or 2.4 percent to 1,345 on turnover of 45,960 hand.
Other areas, Japan%26#39;s Chief Cabinet Secretary Nobutaka Machimura said Tuesday the possible nomination to the parliament central bank%26#39;s monetary policy committee candidates.

Trading was light in Europe Britain and the United States closed in on the 26th euro correction down - Forex Trading

On the 26th the United Kingdom and the U.S. financial markets were closed, the European market trading was quiet early trading, the euro against the dollar in Asia and Europe generally held steady at 1.5750 early trading above the narrow range of finishing, below 1.5750 early in Europe, the Times was 1.5746.
While the recent market of the United States into stagflation fears repression dollars, but the strength of the euro zone officials expressed concern about the euro exchange rate restrictions. At the same time suppressing the recent surge in oil prices as one of the important reasons for the dollar. Energy and food prices lead to rising global inflation, in this case, the European Central Bank still can not give up a tough monetary policy stance. Last Thursday (22) European Central Bank governing Weber said the European Central Bank cut interest rates no room for the rapid gains in the current price of the circumstances, the central bank may even need to consider raising interest rates.
However, the euro strength of the euro zone officials there the attitude of the more obvious differences, the French Budget Minister Walter on the 23rd that the surge in oil prices impact on the French economy, but stronger euro offset by one of the most affected. Eurozone some officials clearly hope the euro and oil prices linked to the Change to withstand high oil prices to impact inflation in the euro area. EU Monetary Affairs Joaquin Almunia said the Commission, the euro zone faces a period of economic slowdown in the growth period of high inflation levels, and issued a warning that oppose major changes in monetary and economic policy, global policy makers caught on the strength of the euro For concern.
From the fundamentals of the euro against the U.S. dollar up will be limited, and will continue to fall due to interest rate differentials by bargain hunting buying support factors. In addition, 23 of the United States announced in April, NAR existing home sales drop 1.0%, equivalent to an annual rate of 4.89 million, high housing stock to create a downward pressure on prices, while housing prices continued to fall further to potential buyers Chibi Wait and see, the better to wait for the price of the deal, this vicious cycle is still continuation of the U.S. economy due to rising oil prices and the property market fell into the possibility of stagflation in the increase, the dollar remained under pressure in the state, but recent speeches and Fed officials Meeting of the need to view, the inflation threat is starting to concern, the Fed cut short-term, the possibility has plunged, the dollar was the center line or support.
German commercial banks (Commerzbank) Monday that the euro against the dollar facing a short-term interval at the top, while the euro remained above 1.5861 key resistance by the suppression of the downward trend in one month is 78.6 percent retracement of the Feibonaqi. The bank further pointed out that the euro is expected at 1.5618/32 against the U.S. dollar and 1.5863 to build near the top of short-term, once the exchange rate of 1.5618 support can not be Shouwen, will open a new round of space down, pointing to empty goal will be May 16, 2008 lows 1.5435. In addition, the bank also believes that from a longer cycle, the euro against the U.S. dollar 1.5081/1.5170 support a test of risk, the place is a long-term upward trend in 50 percent Feibonaqi retracement, but if the euro this year, Second quarter Shouwen of the support, then the third quarter is expected to regain their gains.

Japanese supermarket chains to reduce turnover ministry - Forex Trading

Japanese chain store association announced the latest data show that in April the Japanese national supermarket chain's turnover was 1.0941 trillion yen, up 0.8 percent year-on-year decrease for the first time since January this year declined.
April in Japan more wet weather, climate and well-being of the metropolitan area is particularly volatile, not conducive to Chunzhuang sales, sales of clothing products so down about 7 percent. This is the supermarket business fell the main reason. At the same time, daily groceries home products sales up 3 percent have appeared decline. On the other hand, food sales are 1.3 percent growth in sales of livestock products increased by 4.2 percent, rice and spices, and other product sales also showed good posture.
In recent analysis of the association, said that consumer trends, offers products and the shop launched a promotional products will be more and more consumers favor. And because of climate reasons, May clothing products and daily necessities of home sales is expected to be sustained downturn. (Yejia)

U.S. first quarter of house prices to a 17 largest decline - Forex Trading

U.S. Office of Federal Housing Enterprise Oversight (OFHEO) 22 issued the report said that U.S. house prices in the first quarter than the same period last year fell 3.1 percent, the agency began recording the 17 largest quarterly decline.
OFHEO is the nation's largest mortgage to two - Fannie Mae and premises of the United States and mortgage data for statistical analysis of the results of the draw, was considered an assessment of the U.S. housing market the most comprehensive indicator.
The report also showed that the first quarter from the previous quarter, prices fell by 1.7 percent, also set a record in the ring. States in the U.S., California and Nevada prices declined the most, year-on-year decreases were over 8 percent.
OFHEO chief economist Patrick Lawler said, many areas large backlog of homes for sale continues to generate pressure on prices, particularly in those previous prices rose fastest-growing region.
OFHEO, including recent reports of a number of data shows that the U.S. housing market is still optimistic about the prospects. U.S. National Association of Realtors released the latest data indicate that the first quarter of this year the United States Dudong residential sales price fell 7.7 percent year-on-year, a more than 29 biggest one-quarter of decline.

Governments of Argentina and agricultural organizations negotiations failed - Forex Trading

The Government of Argentina and agricultural groups on the 22nd issue of export tax on agricultural negotiations, but failed to reach any agreement. Agricultural groups accused the government of Argentina to make any concessions, while also spreading lies to deceive the public.
Argentine Cabinet Chief Minister Alberto Fernandez, Economy Minister Carlos Fernandez of Argentina and the four major agricultural organizations responsible person held the same day and a half hours of negotiations. Alberto Fernandez after the talks to the media that the talks made positive results, the two sides prepared to issue export tax on agricultural products to continue discussion.
But this argument was denied by the agricultural groups. Argentina President of the Federation of Agriculture said Edward Buzi, agriculture groups and government negotiations very bad, the Argentine government had no position on any adjustments, leading to negotiations quickly stalled.
Argentine agricultural organizations said they would conduct internal consultations to discuss the next step of action programmes, this weekend may be the central city of Rosario in the Argentine organization of large-scale protest activities. In order to create a good atmosphere for the talks, he announced that from 21 agricultural organizations from the date of suspension of the strike.
Agricultural groups continue to strike the Argentine financial markets makes a dramatic upheaval. In recent days, due to a large number of investors and the general public buy dollars, the Argentine peso devaluation pressure on the face, Argentina had to frequent the central bank's intervention, the peso exchange rate stability. Agricultural groups announced the suspension of the strike resume negotiations with the Government of Azerbaijan gradually restore calm financial markets. Economists warned that the breakdown in negotiations between the two sides once again, Argentina's financial markets will likely set off a new round of volatility. (Jie Song Yun-Feng Junyang)

Last year, Kenya tourism income reached 1 billion U.S. dollars - Forex Trading

On the 22nd announced the investigation report, Kenya tourism revenue in 2007 reached 65.4 billion Ken shillings (62 shillings about one U.S. dollars), than in 2006 grew by 16.6 percent.
Kenya Times on the 23rd reports, the significant growth shows that tourism is not only driving force for socio-economic development of Kenya, is also its biggest one of the international trade industry.
Report that last year, Kenya's international tourism income reached 61.3 billion shillings willing than in 2006 grew by 23.6 percent; number of international tourists reached 1.82 million passengers in 2006 than the 13.5 percent growth. The number of international visitors was mainly due to the growth of the tourism sector in Kenya continue to develop tourism products and open up a variety of tourist routes. In addition, the Conference Tour and Sports Tours is also promoting the development of tourism.
But the report also pointed out that the end of December last year after the general election to the outbreak of the riots had a negative impact on tourism, hotel occupancy rate in 2006 from 54.4 percent to the same period 45.2 percent.
Kenya is Africa's major tourist country, rich tourism resources, to seaside resorts and watch wildlife as the major tourism projects. Tourism is the country's main foreign exchange industry. (Lu Di)

Kenya this year

According to the media here on the 23rd reports, election riots earlier this year and global fuel, food prices rising influence, the Government of Kenya on the 22nd of the country%26#39;s economic growth expected this year, down from 4 percent.
Kenya plans, national development and strategic planning for 2030, Minister of State for the Department of Wei Keli Fuao Palaniya published in the annual economic survey report, said that Kenya will this year%26#39;s economic growth rate of seven percent last year expected to drop to 4 percent this year Economic growth rate will be after the riots and is closely related to the reconstruction. Last year, the report said Kenya%26#39;s economic growth rate of 7 per cent.
In recent years, Kenya, the rate of economic growth gradually accelerated, in 2003 from 2.8% to 6% of 2006. End of December last year, Kenya%26#39;s presidential election triggered riots caused more than 1,000 people died and economic losses amounting to more than 1 billion U.S. dollars. (Liu Ying)

Hong Kong dollar is expected to range fluctuations on the 26th - Forex Trading

Comprehensive foreign May 26, the Hong Kong dollar is expected to be range-bound on the 26th. The weak dollar in the global situation would be the Hong Kong stock market offset by weakness. On the 23rd Hong Kong dollar hit a new three and a half months high 7.8030 Hong Kong dollar, the linked exchange rate in the U.S. dollar against 7.8000 Hong Kong dollar at the top level.
Trend will affect the RMB exchange rate is the key factor. On the 26th market may be thin trading, the U.S. and British markets were closed for holidays. Standard Chartered Bank of Hong Kong dollar movements with the neutral position, is expected in the short-term trading between 7.7500-7.8154 Hong Kong dollar. Traders expect the dollar in the short-term trading between 7.8000-7.8030 Hong Kong dollar.
The Dow Jones technical analysis, the dollar resistance at 7.8013 Hong Kong dollar (February 8 high), followed by 7.8030 Hong Kong dollar (23 high) and 7.8045 Hong Kong dollar (February 10 high). Support at 7.7877 Hong Kong dollar (April 14 low), followed by 7.7802 Hong Kong dollar (April 10 low).