RMB against the U.S. dollar to set the record

China%26#39;s central bank Friday again accident wielding more power of the renminbi yuan, the renminbi against the U.S. dollar led to refresh after the record high. People%26#39;s Bank of China today will be the dollar price set at 6.8397 yuan, the same is the lowest level after the change. The exchange rate decreases to 0.32 percent this week, surprising.
But dealers have said that at present unable to determine whether the renminbi will continue in the next few days gains due to market speculation the Chinese government to support the economy or to suspend the appreciation of the renminbi.
In view of the data released Thursday showed that China%26#39;s export growth slowed down, some traders to price the second straight trading day was substantially lower surprised. China%26#39;s exports in June rose 17.6 percent to 121.53 billion U.S. dollars, representing 28.1% of the May increases have slowed down. June imports rose 31 percent to 100.18 billion U.S. dollars. But traders said, because exporters much bitterness of the appreciation of the renminbi, the Chinese government may slow down the pace of the appreciation of the renminbi, to help boost the economy.
Foreign banks in Guangzhou, the dealers saw the central bank to promote the appreciation of the RMB for other reasons. He said that the growth in imports, which could provide some appreciation of the renminbi to power. He added that the stronger yuan from overseas to help lower the cost of buying resources, and further stresses, but also help curb domestic inflationary pressures.
A Shanghai market, dealers said China%26#39;s central bank today will be U.S. dollar against RMB yuan for low surprising, since Thursday released data showed that China%26#39;s trade surplus narrowed China%26#39;s export trade and export slowdown, which supported the exporters called for the yuan Slow down the appreciation of the voices. The trader noted that, it may be because the value of the yuan against the euro is still being underestimated, the central bank to continue to promote the rapid appreciation of the yuan. Estimated at U.S. dollar fluctuations in the RMB cash will be between 6.8340-6.8370.
Entered 2008, subject to the loan-to-the impact of the crisis, the U.S. dollar index in March fell to record low was 70.70. Prospect of the second half, is expected to international foreign exchange market will continue to be in a turbulent situation. Domestic inflationary pressures in the increasingly serious cases, the appreciation of the renminbi to reduce the trade surplus as imports and lower prices to curb inflation tool for the first half year, significantly accelerate the trend of appreciation, an increase of 6.56 percent. With the macro-control policies in place gradually, the second half of the year inflation will ease. According to the latest regulatory authorities intention, at least the second half of an interest rate increase, the yuan will continue to appreciate, in the Olympics during the third quarter will stabilize, but entered the fourth quarter after the revaluation of the yuan be faster, is expected annual rate of appreciation 10 per cent against the U.S. dollar to 6.70 yuan.

European city on the 11th euro against the dollar in the near finishing 1.5790

On the 11th city in Europe, the euro against the dollar in early Asian continuation of the trend in the city near the finishing 1.5790. -- As of 17:47, the euro against the U.S. dollar closed at 1.5789/92, up 0.06 percent.
Fundamentals, the European aspects of the information, in the interest rate increase a week after the European Central Bank Thursday in its July bulletin that the euro zone prices are increasing the pressure up. European Central Bank said, because food and energy prices could trigger a surge in goods and services prices rose overall, interest rates from 4 percent to 4.25 percent to prevent possible outbreak of the second round inflation effects is necessary. European Central Bank pointed out that the sustained high prices of goods will be a drag on the economy, there are signs that the euro zone gross domestic product (GDP) in downside risk. The notice on the current fundamentals of the euro zone economy is the health of the evaluation, but the future is a pessimistic attitude.
European Central Bank governing Hurley said that the euro zone is expected in the next few quarters economic growth will slow and that, despite concerns the problem of inflation, the European Central Bank monetary policy has not tendentious. This month the European Central Bank interest rate statement after the argument resolution unanimously. The European Central Bank President Jean-Claude Trichet speech said that although last week%26#39;s rate hikes to control inflation, but higher than the euro area inflation target level of the European Central Bank will be longer than the time originally anticipated. European Central Bank generally tough stance is not as it expressed no preference, suggesting that if inflation continues to remain high, the next ECB rate hikes are still possible, this support of the euro against the dollar.
Overnight in New York last week announced the United States for the first time jobless claims fell 58,000, to 346,000, while the market is expected to increase after 6000, the data set biggest drop in almost three years, but the dollar%26#39;s short-term boost Limited.
Federal Reserve Chairman Ben Bernanke on Thursday the House of Representatives Financial Services Committee that the ongoing financial turmoil, the Government should be committed to helping restore normality Wall Street. At the same time, U.S. Treasury Secretary Paulson Thursday at Congressional hearings that market discipline is very important and should not be waiting for the Fed and other assistance, in order to avoid binding on the market are subject to risks, financial institutions should be allowed to bankruptcy. This news added to the credit market crisis may magnify concerns, the dollar-taking earlier gains, but also put pressure on U.S. dollars. Paulson and Bernanke%26#39;s testimony were sent to save the importance of financial markets, but did not mention the issue of inflation, even though Paulson reiterated that a strong dollar in line with U.S. economic interests, Fed Governor Yellen and Lancaster TU reiterated on inflation worries, but Bernanke%26#39;s speech did not reflect the inflation of its hardline stance, the dollar longs disappointed.
Iran to launch missiles also exacerbated by geopolitical tensions, gold and oil prices increase, indirectly suppressed dollars. International gold prices yesterday a new round yesterday rose to a new high of 947.70 U.S. dollars / oz, and approaching 950 U.S. dollars / oz. U.S. city sessions, boosted by the rebound in crude vengeance, spot gold rose to accelerate.
New York%26#39;s due attention to U.S. May trade account, and the United States in July University of Michigan%26#39;s preliminary consumer confidence index, the former value of 56.4, 55.5 expected. May be in focus next week on the 15th and the 16th Federal Reserve Chairman Ben Bernanke in the Senate and House of Representatives on a semi-annual testimony than the policy statement, the subject will not be able to evade the Federal Reserve on the economy and inflation and monetary policy orientation Point of view. The large U.S. enterprises will be announced next week, earnings reports, may have a greater impact on the stock market.

European city on the 11th in the dollar against the yen above the 107 level of consolidation

On the 11th city in Europe, the U.S. dollar against the yen at 107 at the top level of consolidation. -- As of 17:48, the U.S. dollar against the Japanese yen, the greenback closed at 107.15/17, up 0.12 percent.
Dollar Japan announced in June the family on the consumer confidence index fell 1.3 points to 32.6 for the third consecutive month decline and hit a record low. Japan%26#39;s bleak economic prospects imply that the consumer confidence slipped further. Japan%26#39;s May industrial output rose a revised 2.8 percent the previous month, shipments rose a revised 2 percent the previous month, the inventory correction to the previous month increased by 0.5%. Japan%26#39;s industrial sector shows steady growth. In addition, the Japanese Minister of Economy and Finance Daejeon Hongzi said that Japan%26#39;s economic growth temporarily stalled, but she does not think that the Japanese economy into a recession already.
The United States yesterday announced the July 5 first week jobless claims fell 58,000, to 346,000 people, setting the biggest drop in three years, far better-than-expected increase in 6000, but the Labor Department said that the auto industry The replacement of mechanical equipment may be the beginning of the decline in jobless claims; continuing claims for unemployment benefits increased the number from 91,000 to 3.202 million people, setting four and a half years since a new high, shows that the unemployed re-enter the cycle in the extension.
The New York times reported that the U.S. government is planning to buy Fannie premises and premises of the United States, and may be monitored. The two companies market this recent problems facing the capital in recent sessions were worried that the dollar under pressure. Japan%26#39;s Mitsubishi UFJ Trust Bank (Mitsubishi UFJ Trust and Banking), chief foreign exchange trading manager Akio Shimizu said that the report did not provide the means to solve all the problems, but it is a good start, will trigger some dollar buying. But he also said that the need for more good news to stimulate, to change the current weak dollar situation, suggesting that further dollar gains limited. Investors now wait for next week%26#39;s U.S. financial institutions results to confirm the existence of more credit impairment problems.
Technical level, the dollar against the yen hovering near the 107 level, the average system was staggered bonding situation. Challenges against the original support line (below resistance to post-) Yuzu after a correction, which is expected to line up next to the dollar will continue to pose a barrier, the entry point has been moved to 107.85. The only effective break-up to enhance the momentum was an important resistance in the early high of 108.58 nearby. Initial support at the 30th MA, 106.80, then 105.70 support, less support in the early pullback low of 105 level.
U.S. concerned about the evening of May trade balance, July University of Michigan consumer confidence index.

European city on the 11th British pound against the dollar bottomed out rebound

On the 11th city in Europe, the European accounts by buying support, sterling rebounded against the dollar bottomed out after hitting a fresh low of 1.9753 during the current exchange rate rebounded to 1.9780 near finishing. -- As of 17:45, the British pound against the U.S. dollar closed at 1,9772 / 77, rose 0.01 percent.
Britain%26#39;s largest mortgage lending to the data published by Halifax Thursday, June rate of housing price index, fell 2 percent after May have dropped 2.5%, Halifax data confirm that the housing market downturn than in the early 1990s that Even more serious recession, with 1930%26#39;s comparable to the British house prices fell. In addition, according to Nationwide data shows that housing prices have dropped about 20 percent, also on the extent and speed over the 1990s that fell, is expected to name the British house prices may continue to decline from the current level of 15-20 percent, or even More substantial downside risks. British housing market and other sectors of the economy recession made many analysts expect the Bank of England rate cut in autumn.
British central bank announced on the 10th to maintain the benchmark rate unchanged at 5.0 percent, in line with expectations. In the July 23 release of the minutes. The face of inflation rose to 3.3 percent and economic growth slowed in April the British central bank lowered interest rates 25 basis points for three consecutive months to maintain interest rates unchanged, and hope that through economic growth slowed down to moderate levels of inflation in the economy and inflation Inter maintain a certain balance.
U.S. dollars, announced overnight in New York during the United States last week for the first time jobless claims fell 58,000, to 346,000, while the market is expected to increase after 6000, the data set biggest drop in almost three years, but the dollar%26#39;s short-term Boost limited effect.
Federal Reserve Chairman Ben Bernanke on Thursday the House of Representatives Financial Services Committee that the ongoing financial turmoil, the Government should be committed to helping restore normality Wall Street. At the same time, U.S. Treasury Secretary Paulson Thursday at Congressional hearings that market discipline is very important and should not be waiting for the Fed and other assistance, in order to avoid binding on the market are subject to risks, financial institutions should be allowed to bankruptcy. This news added to the credit market crisis may magnify concerns, the dollar-taking earlier gains, but also put pressure on U.S. dollars.
Technically, the British pound against the dollar Thursday at Bald under the shadow of small Yinxian. The exchange rate fell below average support on the 20th, but the 60-day MA pulling up the rebound, off a low, suggesting that the bottom of bargain hunting buying will remain strong. With the past three trading days on the K-Line, a low level by level rise trend, firmly supporting the bottom of that short-term, fell space is limited. But Britain%26#39;s economic fundamentals remained weak in comparison, the market force will do more limited. U S dollars at the top resistance at 1.9850 and 1.9940, below support at 1.9650 and 1.9635.

European city on the 11th Australian dollar rose slightly against the dollar

On the 11th European cities, Australian dollar continued to rise slightly. -- As of 17:46, the Australian dollar against the U.S. dollar closed at 0.9621/24, up 0.06 percent.
The market has now fully digest the New York Times on the U.S. government is considering to take over the two major U.S. real estate mortgage financial enterprises reported. The New York times reported that the U.S. government is planning to buy Fannie premises and premises of the United States, and may be monitored. The two companies market this recent problems facing the capital in recent sessions were worried that the dollar under pressure.
According to the media Friday announced the results of a survey, the respondents of the 17 economists expect core CPI in the second quarter rate will rise 1.1 percent, a growth of 1.3 percent for the quarter. Economists said that only when the core CPI rate of increase quarter to 1.3 percent above the Reserve Bank of Australia will be re-tightening plan into motion.
National Australia Bank (nabCapital) Australia%26#39;s chief economist Rob Henderson said the Reserve Bank of Australia has been giving off signals that the second quarter even if inflation remains high and will not increase interest rates again. He said: The credit market has become increasingly tense up, resulting in Australia Bank and the holder of the collateral financing costs increase, at the same time the economy has been slowing down. Reserve Bank of Australia in such difficult conditions interest rate increase, beginning in 2009 The modest rate cut is expected to again raise the convincing.
Fed Governor Yellen said the Fed%26#39;s interest rate policy is at a crossroads, and that in the long run, inflation expectations remain well contained. The same with other economies, the U.S. economy also faces the threat of high inflation, but as the Fed is the core value of the inflation data is still within the controllable range, the Fed in its anti-inflation calmly on the issue of many, this is Means that the Fed is unlikely, the loan-to-haze had not yet disappears, the economic prospects not clear when hastily raising interest rates, a growing number of analysts believe that the beginning, Fed 08 in the rest of the possibility of raising interest rates is weakening.
Federal Reserve Chairman Ben Bernanke said that from the regulatory point of view, Fannie Mae and premises of the U.S. capital in good condition, and urged members of the two companies through the regulatory reform bill. Premises of the United States and Fannie Mae funds plight of a U.S. stock market triggered the initiator of the recent sustained downturn, but there is news that the U.S. government is considering a plan for the two companies in this situation from further deterioration of the situation to take over one or two are To take over, and their integration into the Trusteeship Council. This or for the weak dollar brought some support. Meanwhile U.S. Treasury Secretary Paulson yesterday reaffirmed a strong dollar in line with U.S. interests, and the United States is expected to strong long-term fundamentals will eventually be reflected in the value of the dollar.
National Australia Bank (National Australia Bank), senior currency strategist John Kyriakopoulos said the market attention returned to the deterioration of the global credit markets to the possibility. Although investors have not yet large-scale and contact sets interest rate transactions, but the stock market and risk preferences remain restrained, the Australian dollar against the U.S. dollar that will be difficult to break through 0.9650, the greenback support at 0.9550.

Low price for the yuan against the U.S. dollar to set the record

China%26#39;s central bank Friday again accident wielding more power of the renminbi yuan, the renminbi against the U.S. dollar led to refresh after the record high. People%26#39;s Bank of China today will be the dollar price set at 6.8397 yuan, the same is the lowest level after the change. The exchange rate decreases to 0.32 percent this week, surprising.
But dealers have said that at present unable to determine whether the renminbi will continue in the next few days gains due to market speculation the Chinese government to support the economy or to suspend the appreciation of the renminbi.
In view of the data released Thursday showed that China%26#39;s export growth slowed down, some traders to price the second straight trading day was substantially lower surprised. China%26#39;s exports in June rose 17.6 percent to 121.53 billion U.S. dollars, representing 28.1% of the May increases have slowed down. June imports rose 31 percent to 100.18 billion U.S. dollars. But traders said, because exporters much bitterness of the appreciation of the renminbi, the Chinese government may slow down the pace of the appreciation of the renminbi, to help boost the economy.
Foreign banks in Guangzhou, the dealers saw the central bank to promote the appreciation of the RMB for other reasons. He said that the growth in imports, which could provide some appreciation of the renminbi to power. He added that the stronger yuan from overseas to help lower the cost of buying resources, and further stresses, but also help curb domestic inflationary pressures.
A Shanghai market, dealers said China%26#39;s central bank today will be U.S. dollar against RMB yuan for low surprising, since Thursday released data showed that China%26#39;s trade surplus narrowed China%26#39;s export trade and export slowdown, which supported the exporters called for the yuan Slow down the appreciation of the voices. The trader noted that, it may be because the value of the yuan against the euro is still being underestimated, the central bank to continue to promote the rapid appreciation of the yuan. Estimated at U.S. dollar fluctuations in the RMB cash will be between 6.8340-6.8370.
Entered 2008, subject to the loan-to-the impact of the crisis, the U.S. dollar index in March fell to record low was 70.70. Prospect of the second half, is expected to international foreign exchange market will continue to be in a turbulent situation. Domestic inflationary pressures in the increasingly serious cases, the appreciation of the renminbi to reduce the trade surplus as imports and lower prices to curb inflation tool for the first half year, significantly accelerate the trend of appreciation, an increase of 6.56 percent. With the macro-control policies in place gradually, the second half of the year inflation will ease. According to the latest regulatory authorities intention, at least the second half of an interest rate increase, the yuan will continue to appreciate, in the Olympics during the third quarter will stabilize, but entered the fourth quarter after the revaluation of the yuan be faster, is expected annual rate of appreciation 10 per cent against the U.S. dollar to 6.70 yuan.

The euro against the U.S. dollar is expected to continue to uplink

Respect for the trend, investment trends do!
Tip: pounds / dollars: Thursday pounds again coaster market, the minimum exploration to 1.9710. Wide House is expected to continue to shocks, the proposed ultra-short-term operation, concerned about supporting 1.962 and 1.987 resistance, is expected Friday in other wait-and-see investment opportunities are:
Wait-and-see euros / dollars: Thursday the euro continued to rebound and break through the 1.5770 resistance, the maximum 1.5800. Days of yesterday%26#39;s breakthrough is expected to verify the validity, is expected to continue to uplink is expected to operate on more than yesterday%26#39;s breakthrough single can continue to hold, with resistance at the top concern is the support of 1.573 and 1.5820, or can do more Guadan This investment is expected Friday Opportunities are:
Holders mainly dollars / yen: Thursday the United States and Japan to wide shocks, is expected to continue to be days of the movement of the main shock, operating on ultra-short-term suitable, ultra-short-term resistance 107.2, 106.5 support, wait-and-see other major investment opportunities are expected Friday :
Wait-and-see-based data:
10:00 Japan in June electricity output 12:30 Japan May retail sales 12:30 Japan May industrial production value of 2.9 percent before / month, 1.2 percent / year; market ★
12:30 Japan in May before the capacity utilization of 101.9
12:30 Japanese stocks in May in Japan in May shipment 12.30 Japan 12.30 shipping inventory in May than 13:00 Japan June consumer confidence index value of 33.9 before
14:00 Germany in June wholesale price index 18:00 euro zone in May OECD leading indicator of 19:00 Canada before the June unemployment rate of 6.1% market forecast 6.1 percent; market ★
19:00 employment in Canada in June before the change in value of 08,400; market forecast 10,000 20:30 Canada May trade balance before the value of 5.1 billion Canadian dollars; market forecast 5 billion Canadian dollars; market ★
20:30 Canada in May new home price index before the value of 0.0% / month; market forecast of 0.1% / month 20:30 U.S. May trade balance before the value of -609 billion dollars; market forecasts -621 100 million U.S. dollars; market ★ ★ ★
20:30 U.S. May import value of 216.45 billion U.S. dollars 20:30 U.S. May pre-export value of 155.55 billion U.S. dollars 20:30 U.S. June import price index before the value of 2.3 percent / month; market forecast of 1.8% / 20:30 on the United States June export price index before the value of 0.3 percent / 21:55 on July University of Michigan U.S. consumer confidence index before the value of 56.4; market forecast 56.0; market ★
21:55 U.S. July University of Michigan%26#39;s consumer expectations index value of 49.2 before
21:55 U.S. July University of Michigan consumer present situation index value of 67.6 before
02:00 United States in June before the budget of 27.5 billion U.S. dollars; market forecast 37 billion U.S. dollars

Oil rebound in the dollar selloff

The recent trend of the dollar index in the two-day MA, followed see 72.5520. As the support of the trend line in recent days in a way, I believe this weekend before a certain effect. With Thursday in Asian trading hours, the Nikkei Index Dizou, the stock market slump, exacerbated the market%26#39;s risk aversion sentiment, dragging the dollar fell below 107.00 yen, lowered time low of 106.67 to close below U.S. dollar against the Swiss franc Integer 1.0300 level, lowered to time low of 1.0276. Benefit from the overall weakness in the dollar, Australian dollar rebounded to 0.9600 below, New Zealand yuan against the dollar had recovered the 0.7600 level integer.
Euro / dollar weak support: strong support 1.5690: 1.5610 weak resistance: 1.5800 strong resistance: 1.5910 short-term movements in the channel, finishing shocks, the ultimate test to rebound upward channel on the front line positions along the 1.5800. On the line on the graph, K Line for resumption of small Yangxian, the average exchange rate system based on the high range in the middle of the disadvantaged consolidation, MA system was gradually diverge mainly on the type arrangement, the euro remained high overall medium-term consolidation pattern based.
Sterling / dollar weak support: strong support 1.9710: 1.9650 weak resistance: 1.9850 strong resistance: 1.9940 in the short-term access along the whereabouts of running false breakthroughs, but the general trend of short kinetic energy, evening the North American market decreased by half to recover. On the line on the graph line K-down Yinxian, the greenback in early downward pressure on the location of access to support and maintain the 144-day MA below the pressure adjustment, pound sterling at the bottom of the mid-range consolidation pattern has not yet ended, MA system based on the intensity of concern, while below Continue to maintain the mid-bottomed rhythm.
Dollar / Japanese yen, the greenback rebounded to pre-high blocked down, down sharply from late to find support near 106.80. Greenback this morning, finishing in a narrow range around 107. According to analysis of dollar / yen taking the day before or after, the overall desire to uplink Weakened, the dollar fell further temporary disruption, if investors failed to stand firm on the 107, then the city is expected to further decline in a greater chance of concussion.

Africa and the United States is expected to continue to improve moderately higher

The euro against the U.S. dollar: the euro against the dollar Thursday once impact resistance at the forefront of 1.575 after the failure of the front line fell to 1.569 stabilize rebound, and in New York late hours of 1.575 to break up strong resistance, and today in Asia during yesterday%26#39;s high of 1.5800 dollar in the frontline Yuzu pressure, Hengpan adjustments, is expected in Europe during the euro also rose slightly in demand, but it is expected to gain limited, short-term at the top will face resistance around 1.5835-25 of repression.
British pound against the U.S. dollar: sterling against the dollar to maintain the recent trend of basic wide range concussion ups and downs, the exchange rate basically shocks from top to bottom around the vicinity of 157.6 consolidation. Today, the greenback is expected to fall slightly, investors are still rising demand rebound, but is expected to break through 1.9836 direct unlikely, in this short-term resistance at a Yuzu pressure down the risk.
U.S. dollar against the yen in the dollar against the yen Thursday evening near Chonggao to 107.4 after Yuzu down under pressure and dropped to 106.8 stabilize after the first rebound. At present the United States and Japan in the exchange rate has re-establish 106.8 on the front line, and is expected to continue rising in Europe during Chonggao, objective look at the triangle on the front line along with resistance at 107.55.
U.S. dollar against the Swiss franc in the dollar against the Swiss franc fell Thursday after early gains, investors quickly fell down and fell below 1.0275 support, the current exchange rate of 1.025 in the steady pick-up line, investors will continue to rise slightly, but the intensity of less than expected, rebounded to break through Figure downward trend in the blue line, and we%26#39;re seeing is still the risk of re-Yuzu down. If this, the United States and Switzerland will re-test yesterday%26#39;s low of 1.025 support, or even below 1.0220 to see the front line.
USDCAD U.S. dollar against the Canadian dollar continued to fall on Thursday, the minimum was down to 1.0076 after the moratorium was first held steady. In support of the current exchange rate slightly above the rebound, but the overall rate is still bearish trend is obvious, is expected to rebound investors will remain weak and suppressed by the MA system fell down. At the top of short-term resistance at 1.0135,1.0150 nearby.
The Australian dollar Australian dollar was under pressure Thursday on the map along the blue channel resistance around 0.9615, but investors are still up after the break below 0.9640 to Yuzu down under pressure. Australian dollar to continue during the current Asian pressure drop, but the buying support is expected pullback a limited extent, the days are still rising again needs the resistance to impact 0.964. Days below important support at 0.9545 first. But more attention to short-term near the 0.9575 support, the support can hold, Australian investors will continue to rise higher.

July 11 The assessment and strategy

San Francisco Fed President Yellen (Janet Yellen) Thursday said that the U.S. Federal Reserve (FED) are close to the interest rate policy crossroads, while high inflation in the economy will also accelerate growth next year. Yellen pointed out that inflation is worrying, the Fed is ready to take measures when necessary. This Monday in California with her comments made by the broadly similar. Yellen, the Fed since last September to April this year cut the number of measures have helped the economy avoid the worst state, but she also claimed that the future prospects for uncertainty shrouded. She added that recent inflation risks absolute increase, although there has been no indication of energy and food prices hasten pressure on wages, but the Fed can not and will not allow the spiral of rising wages price.
Yellen said that overall inflation in the next few quarters may want to see a much higher level. Given the cost will be passed to the consumer level, core prices to rise. However, because the labor market showed further relaxation, these two indicators should be dropped in 2009. Yellen this year, the Federal Reserve Open Market Committee (FOMC) does not have the right to vote in the next year, will have the right to vote.
Euro / dollar:
European Central Bank (ECB) president Jean-Claude Trichet (Jean-Claude Trichet) Thursday said that the European Central Bank will do everything to inflation, but not prior commitment to the future interest rate moves. When asked how long the next time to raising interest rates, Trichet said he fully adhere to July 3 at a press conference on the speech, there would be no change, at this stage not to make further hinted . Jean-Claude Trichet that he would make any necessary measure to ensure that the medium-term price stability. However, he pointed out that the inability of the current high oil prices, need to take any possible means to cope with the impact of high oil prices. He also said that the current surge of inflation will not continue, the European Central Bank will take measures. Operation recommendations: 1.5750 near Java, stop loss 1.5730, 1.5850 see goals.
Dollar / yen:
Bank of Japan will be held next Monday a two-day monetary policy meeting, despite the weak Japanese economic data and energy, the soaring prices of raw materials released to the market complex signal, but the market is still widely expected to keep the benchmark rate at 0.5% Unchanged. In addition, the Bank of Japan meeting will be announced next week%26#39;s semi-annual economic outlook report is watched closely, including the recent Tankan survey, the local branches of the Bank of Japan report showed that Japan%26#39;s weak economic situation. The market expected the Bank of Japan will make a downward adjustment in April when the economic forecast, and recognize that prices rose more than expected rate. Operation recommendations: 107.40 near Java, stop loss 107.60, 106.40 goal to see.
Today should be concerned with important data are as follows:
19:00 employment in Canada in June in 20:30 Canada May trade account 20:30 U.S. May trade account 21:55 U.S. July University of Michigan%26#39;s preliminary consumer confidence index currency market risk to be cautious, more personal Point of view, for reference purposes only.

British housing market downturn could force the British central bank cut interest rates

Britain%26#39;s largest mortgage lending to Halifax yesterday announced the June rate of housing price index fell 2 percent after May dropped 2.5 percent. British Telecom reported today that Halifax housing market data confirm that this recession than in the early 1990s recession was more severe, with the 1930s British house prices fell comparable. According to data Nationwide, housing prices have dropped about 20 percent, also on the extent and speed over the 1990s that fell, the text is expected to name the British house prices may continue to decline from the current level of 15-20 percent, or even More substantial downside risks. British housing market and other sectors of the economy recession made many analysts expect the British central bank will cut interest rates in the autumn.
Key economic data in Asia: Japan%26#39;s industrial production in May on a revised rate of 2.8 percent, annual rate of 1.1 percent.
Other financial markets: the Nikkei 225 index fell 27.52 points, or 0.21 percent, to close at 13039.69; As of 14:30 - in recent months oil rose 0.51 U.S. dollars, at 142.16 U.S. dollars / barrel, in recent months gold rose 2.10 dollars to 944.10 U.S. dollars / Oz.
European City of key economic data: 19:00 Canada June employment report; 20:30 Canada May trade account, the U.S. May trade account; 21:55 U.S. July University of Michigan%26#39;s preliminary consumer confidence index.
The euro euro / dollar closed at 1.5790 in Asia, the major options to attract 1.5810, the greenback rose to 1.5800 early trading, but selling pressure by the Asian, and then settle down in between 1.5780-95, the New York Times reported U.S. government is considering the rescue Mortgages and the United States and Fannie Mae, the U.S. Treasury yields rose 7 points, the euro / dollar fell to 1.5768, 1.5770 in shock over the city file. Euro / dollar plans to support low of 1.5691 in the hours and hours in the resistance map high of 1.5805.
Yen dollar / yen closed at 107.10 in Asia, most of the time periods in dollar / yen and yen cross inaction, related to the New York Times reported, the Nikkei Index fell to anti-up and support the yen rose against the widely. Dollar / yen trading range in 107.29-106.90. Dollar / yen to support low of 106.25 in the hours map, map-hour resistance in high 107.78.
British pound sterling / dollar closed at 1.9779 in Asia, the thin market conditions, recent economic data continued to pound, the afternoon sessions after the dollar gained widespread pressure the greenback fell slightly, mainly in the 1.9797-56 range. Sterling / dollar plans to support low of 1.9714 in hours, the resistance in the hours map high 1.9841.
Swiss franc dollar / Swiss franc at 1.0279-Open City, most of the time early in a narrow range oscillation, the New York Times reported after the relevant reports, market risk preferences sentiment rose higher and the dollar widely promote the exchange rate up, then bought for maintenance. In the 1.0303-1.0264 range. Dollar / Swiss franc-hour plans in support of low 1.0255, with resistance at 1.0356 high-hour plans.
Australian New Zealand Canadian Aussie / dollar closed at 0.9620 in Asia, during the greenback continued to slowly decline in Asian central bank selling, Commonwealth Bank of Australia raised interest rates caused mortgage notes yield the Australian dollar fell and the broad buy - Weighing on the Australian dollar, low of 0.9597 see, more than in the city oscillation between 0.9600/15. Aussie / dollar plans to support low of 0.9579 in the hours and hours in the resistance map high of 0.9642.

U.S. investors concerned that the situation breakthrough in the vicinity of 72.85

At present the United States tend to refer to short-term gains, investors concerned about resistance at 72.85 near the top of breakthrough, could break through this bit on, is expected to further rise, but blocked, then down to short-term, below important support at 72.30,72.10 nearby.
Euro / dollar: short-term resistance at the top in the vicinity of 1.58, investors can effectively break through the bit on, the attitude seems to be to see stronger resistance at 1.5835 first, the other hand, short-term the possibility of a pullback, below support at 1.5750 , 157 line.
Dollar / yen: short-term can continue to 106.70 on Shouwen, investors still expected to test 107.50 up the forefront of kinetic energy, can break through 107.80 to the forefront.
GBP / USD: short-term upward after the first test 1.98, a pullback, followed at 1.97, fell to see stronger support at around 1.9650 and resistance at the top of 1.98,1.9840 line.
Dollar / Swiss franc: short-term tend to rebound at the top resistance at 1.0340, breaking to see stronger resistance at 1.0390, and below important support at around 1.0250, fell further downstream, the initial target of 1.02 line.
Aussie / dollar: short-term tendency to fall below support at around 0.9550 concern Shouwen, below the expected 0.95 to the first-line development, and the top resistance at 0.9650,0.97 line.
Dollar / Canadian dollar: short-term rebound, if the station to above 1.0150, the downward pressure is expected to slow down to see stronger resistance at 1.02 forefront the contrary, will continue to fall, followed 1.0050,1.00 in the vicinity.
Gold: short-term highs approaching 950 U.S. dollars, investors can place on the breakthrough, it is expected to continue to test upward 955/960 dollars, blocked the contrary, tend to fall below support at 935 or even 923 U.S. dollars.

Shortterm shocks to the United States and Japan still Chonggao kinetic energy

Fundamentals: a falling dollar late yesterday, before the U.S. Federal Reserve Chairman Ben Bernanke warned that the ongoing financial turmoil. In the foreign exchange market due to scarcity of data and a period of quiet time, Bernanke%26#39;s speech to the dollar from a high point drop. Lehman Brothers said that the current momentum of the market risk aversion is still Sheng, from the dollar after selling was reflected. Reserve Bank of San Francisco Yellen%26#39;s speech last night to lead the market worries. She said that the real estate market slide, financial market volatility and rising commodity prices, Federal Reserve officials are most concerned about the issue, these factors make policy-makers face considerable challenges. Bernanke said yesterday that the ongoing financial turmoil, the market should make efforts to help restore normality. Bernanke%26#39;s remarks exceeded market expectations, causing pressure on the dollar. U.S. Treasury Secretary Paulson yesterday in his testimony to alleviate some market concerns, he stressed the support of mortgage financing Federal National Mortgage Association and the Federal Housing Loan Mortgage Corporation. This two shares prices have dropped to 16 this week lows. Paulson also reiterated his long-standing position that a strong dollar in line with U.S. economic interests. U.S. initial jobless claims last week set the number of the past three years, the biggest drop. However, the United States, a Labor Department analyst warned that this decline will not easily interpreted as economic prospects appear better. He said that the auto industry and other manufacturing layoffs of seasonal effects, the labour market early July the seasonally adjusted data will face the adverse effects of the data next week may still rise.
Recalling the session:
U.S. dollar against the yen on the map upward direction, yesterday volatility 71 points to close out a small Yangxian. Dollar short-term consolidation continues to shock the main, still not out of range trend, objective trend of Hengpan. At present the United States and Japan continuation of the center line well up the momentum, investors will once again expected to 108.60 into the forefront of strong resistance.
Short-term direction of the day: shock rise in support of the weak: 106.25 strong support: 105.00 weak resistance: 107.75 strong resistance: 108.60
Dollar short-term shocks to maintain the rhythm, after adjustment Chonggao still have the desire again. On the map of energy to short advantage. Under the current exchange rate in the channel along the top, which is expected to continue rising trend line. To speed up the uplink the United States and Japan still break down 108.60 after the last significant high point of resistance. Four hours Figure objective trend Hengpan. Monday high of 107.75 has been unable to break up again, at the top of the first resistance. Figure shocks still chaotic hours, no significant primary and secondary rhythms can refer to. The United States and Japan today is expected to be up after the first run down the tempo, continuing the trend of the probability of greater range.
Operation of reference: the recent operation, the center line up to operate as the guide line of thought, short interval to operate as the guide line of thought. A warehouse: many hands if the United States and Japan alone, stop-loss on 106.50, target 108.30; hands if the United States and Japan-air, stop-loss on 107.80, 106.30 goal. Kongcang: temporary wait-and-see today.

The euro is expected to return to the forefront Exploration 1.5720

U.S. Treasury Secretary Paulson Thursday at Congressional hearings that the market should not be waiting for the Fed%26#39;s assistance, in order to avoid binding on the market are subject to risks, financial institutions should be allowed to bankruptcy at the same time, Fed Chairman Ben Bernanke said, The ongoing financial turmoil. The above information so that investors worry about the credit crisis, the downward pressure dollars.
Yesterday the euro against the dollar lowered 1.5690 to 1.5800 after a sharp rise in first-line, in the bottom of its consolidation. The current fundamentals is only the European Central Bank and U.S. Federal Reserve Board treated the stagflation of the different attitude to the market a different monetary policy expectations, the euro relative to the dollar. At present, the euro against the dollar after several months of consolidation, has been basically digested the concerns of excessive appreciation of the euro, in the light of the Fed on inflation Yuyuehaixiu take the attitude of the euro against the dollar is likely to launch an uptrend again .
From a technical perspective, the euro against the U.S. dollar ended nearly four months of the signs of consolidation, investors are likely to rise. However, short-term, the euro after yesterday%26#39;s rise, needs a slight amendment, and then Shanggong. Callback targets in between 1.5715-1.5723.

Situation in the Gulf to a falling dollar

Wednesday the dollar index fell 0.25 percent to 72.775, the highest 73.02, the lowest 72.73, 73.10 resistance at the top, below the 72.50 support area. New York sessions, the European currency against the U.S. dollar of the strong performance of the euro against the dollar broke through the 1.5725 resistance rose to around 1.5750, while sterling against the dollar break through 1.9800 integral level, rose to new high of 1.9832 periods. Geo-political events dollar fell into the culprits, Iran test-fired missiles and the U.S. consulate in Turkey attacked the news, adding to the market crisis on the geopolitical concerns, the dollar suffered selling pressure.
Euro / dollar 1.5713 in New York opened in the vicinity, followed by geopolitical events, the dollar broke through the 1.5725 short-term resistance, rose to a high of 1.5748. But the selling pressure above 1.5750, the greenback failed to gain further expand upward. But午盘strong dollar lowered 1.5710 after pulling up, and late in the period up to new high of 1.5750. Since then, the greenback continued to narrow range around 1.5740/30 finishing until closing. The euro opened Wednesday at 1.5665, up from 1.5750 days maximum, minimum lowered 1.5665, the amplitude of 85 points in the final to finish at 1.5736 compared with 1.5669 Tuesday closing price rose 67 points, or 0.43 percent. On the map show that euro / dollar on Wednesday to close at Yangxian small shadow, the greenback hit 5 and 10-day MA Yuzu down that short-term rate up resistance still exist. Overall, the greenback is still running on 20 and 30-day MA side, the technical pattern has not been completely destroyed. Before this week%26#39;s three trading days, the exchange rate has been in a narrow range of 1.5750-1.5635, collating, finishing the current trend has been going on for four trading days. If effective on the break 1.5750, multiple objectives will be at 1.5800-1.5900; if effective below 1.5735, while the greenback fell to 1.5500 may be the risk. Investors euro / dollar above the resistance is seen at 1.5750 and 1.5780, followed at 1.5610 and then 1.5550.
Sterling / dollar in the 1100 GMT Bank of England announced that interest rate decisions before the market will remain cautious. The face of adverse exchange rate factors: With the hedge emotional warming, sterling / yen carry trade financing long positions; signs that the UK economy is slowing down, the British Nationwide Building Society June consumer confidence index dropped more than four-year low 61 points. However, sterling / dollar losses due to interest rate differentials between the two countries but limited. Sterling / dollar is still bearish on the map, the MACD and random indicators N.. First support at the exchange rate 1.9765 U.S. dollars (Figure hour support), at 1.9668 U.S. dollars after (yesterday%26#39;s low), followed by 1.9647 U.S. dollars (Monday lows), after it fell under look at 1.9583 U.S. dollars (June 23 low) . Resistance at 1.9848 U.S. dollars (last Friday high), followed by 1.9937 U.S. dollars (July 3 high), followed by 1.9973 U.S. dollars (July 23 last year, the high point).
Dollar / Japanese yen, the greenback rebounded to pre-high blocked down, down sharply from late to find support near 107. Greenback this morning, finishing in a narrow range around 106.80. According to analysis of dollar / yen taking the day before or after, the overall desire to uplink Weakened, the dollar fell further temporary disruption, if investors failed to stand firm on the 107, then the city is expected to further decline in a greater chance of concussion.

Economic data remains negative dollars »

1 Market Review:
Yesterday (July 10) in the Asian time, the euro against the U.S. dollar closed at 1.5739, down slightly to 1.5715 early low of consolidation, the European city before the opening of the euro against the dollar in tight range 1.5720-40 range.
European City time, the publication of economic data showed that French industrial output in May fell 2.6 percent on rate, the former value was up 1.4 percent, is expected to decline 0.5 percent. France on May manufacturing output fell 2.5 percent rate, the former value increased by 1.7%.
Early announcement of the French industrial output data weak, since the euro against the U.S. dollar fell to 1.5765 high of 1.5690 low,午盘, the dollar rebounded slightly to 1.5720 level, the United States in the euro against the dollar before the opening of fluctuations in the 1.5690-1.5720 range.
U.S. City time, the publication of economic data showed that the United States on July 5 when the weekly jobless claims 346,000, is expected to 395,000. The United States in June ICSC-UBS chain store sales rose 4.3 percent annual rate. EIA: U.S. natural gas inventories rose last week, 90 billion cubic feet. Although the United States last week, initial jobless claims better than expected, but failed to support the dollar, after the United States are two major mortgage agencies Fannie Mae and premises of the United States might bankrupt the bad news hit the market to the United States raised the credit crisis The expected expansion, coupled with the NYMEX crude oil futures rebounded strongly stimulated, the dollar fell to a low of 72.49, the euro rose to 1.5801 against the dollar high of the day, late in the 1.5775-95 range of exchange rate fluctuations, the euro against the dollar yesterday closed at 1.5739 The maximum 1.5801, the lowest 1.5691, 1.5784 close, the 110 days of volatility, or 0.28 percent.
Second, this view:
By the United States after the two mortgage agencies Fannie Mae and premises of the United States might bankrupt the bad news hit the market upgrade to the United States expected to expand credit crisis, coupled with the NYMEX crude oil futures rebounded strongly stimulated, the weaker U.S. dollar weak, I believe that , The overall judgement of economic data today is still unfavorable dollar, the euro against the dollar after the opportunity to continue to Chonggao. If next week the U.S. financial corporate earnings than expected, the euro against the U.S. dollar will have the opportunity to upwards of 1.6 testing.
The author believes that although the euro against the U.S. dollar short-term upward have the opportunity to test 1.6, but from the long-term, the dollar rebounded sharply the time has come. The last major central bank intervention in the foreign exchange market rate has risen to 30 percent of the U.S. dollar fell outside the reservoir and the long-term trend of diversification of reserves, will help U.S. dollars. In addition, the current effective interest rate of U.S. dollars, or yield difference between inflation and is close to the history of the trough in 1995, far below the level of the euro zone. Although there is no immediate short-term intervention in the risk exists, but is fundamental background has begun to release the alert signal. From the historical record, the United States, Japan, Germany, Britain, France, Italy and Canada formed the G7 group lifted the market in 1995 dollars, U.S. dollar against the yen at that time in four months Taicuo nearly 20 percent, to After World War II, the lowest 79.95. The most recent G7 collective intervention in the market in the September 22, 2000, when the euro compared to the beginning of 1999 to board the stage of history at the level fell 27 percent.
Today, the euro zone data, including concerns with the United States, Germany in June wholesale price index, the U.S. May trade balance, the United States in July the University of Michigan consumer confidence index. German wholesale price index in June the previous value of 1.4% / month fell to 0.8 percent / month, the euro data will be negative. U.S. May trade balance will be used to expand the value of -609 to -625 100 million U.S. dollars 100 million U.S. dollars, the data will be negative dollars. U.S. July University of Michigan consumer confidence index fell to 56.4 the previous value of 55.5, data will be negative dollars. Today, economic data overall judgement remains negative dollar, the euro against the dollar after the opportunity to continue to Chonggao.
Today, the euro zone and the United States concerned about data analysis:
My message to (1) 14:00 German wholesale price index in June, the former value of 1.4% / month, 8.1 percent / year, the forecast of 0.8% / month, 8.8 percent / year. The wholesale price index to reflect the wholesale market on a variety of different periods of commodity prices average change in the degree of economic indicators. It is the means of production and consumer goods, including all the goods and wholesale prices, but labor prices not included. The wholesale price index of inflation is an important indicator of the level of one. German wholesale price index in June the previous value of 1.4% / month fell to 0.8 percent / month, the euro data will be negative.
(2) 20:30 U.S. May trade balance, the former value of -609 billion dollars, predicted -625 100 million U.S. dollars. Trade relations between the BoP account is an important decision factor, when a national economic trade deficit, that is, pay more, less income, the debt will be used for the domestic currency for foreign currency, so the foreign exchange market is full of a lot of money to cover debts, Therefore formed a super-supply situation, so the country will decrease the value of the currency, while foreign currency will rise. Trade surplus will bring the national income will be doubled for steady economic growth and full employment has created better conditions. Maintain the balance of trade surplus not only in theory, the expansion of domestic demand, but also to increase the multiplier in the form of total revenue. Balance of trade surplus can not be an unlimited number of increase continue, because when the trade surplus too large, the domestic money supply will be too much, so that high commodity prices, the impact of their goods in the international market, international competition Capacity. Balance of trade surplus over the country%26#39;s interest rates will be reduced, thereby caused the outflow of capital, resulting in reduced investment in the country. U.S. May trade balance will be used to expand the value of -609 to -625 100 million U.S. dollars 100 million U.S. dollars, the data will be negative dollars.
(3) 21:55 U.S. July University of Michigan consumer confidence index, the former value of 56.4, 55.5 forecast. The consumer confidence index is the observation of a country%26#39;s economic development and changes (or changes in the economic cycle) of a relatively sensitive economic data. In particular the market economy developed countries, under normal circumstances, the consumer confidence index dropped, shows that consumers on the current and coming period of the economic situation N., income expectations for the future is not ideal; consumer confidence index rose, shows that consumers On the current and coming period of the economic situation takes a positive attitude, optimistic about the future income expectations. The consumer confidence index, reflecting consumers on the economic and market indicators of the degree of optimism. Period of economic expansion in the consumer confidence index strong economy, in recession period will be rather pessimistic. Accept the well-known media survey of economists expected, the United States in July University of Michigan%26#39;s preliminary consumer confidence index to 55.0, down from June%26#39;s final 56.4. Since early July the stock market weakness and further rise in energy prices, consumer confidence seems unlikely in June when the record low for several decades a significant rebound. U.S. July University of Michigan consumer confidence index fell to 56.4 the previous value of 55.5, data will be negative dollars.
Third, today concern the euro against the dollar and economic data events: (SGT)
1, this data:
14:00 German wholesale price index in June, the former value of 1.4% / month, 8.1 percent / year, the forecast of 0.8% / month, 8.8 percent / year market ★
18:00 euro zone in May OECD leading indicator, the former value of 96.3
20:30 U.S. May trade balance, the former value of -609 billion dollars, predicted the market impact of -625 million dollars ★ ★ ★
20:30 U.S. May import, the former value of 216.45 billion U.S. dollars 20:30 U.S. exports in May, the former value of 155.55 billion U.S. dollars 20:30 U.S. June import price index, the former value of 2.3% / month, the forecast 1.9% / 20 : 30 U.S. export price index in June, the former value of 0.3% / month, forecast 0.4 percent / 21:55 on July University of Michigan U.S. consumer confidence index, the former value of 56.4, 55.5 predicted market impact ★
21:55 U.S. July University of Michigan index of consumer expectations, the former value of 49.2
21:55 U.S. July University of Michigan consumer present situation index, the former value of 67.612, 02:00 U.S. June Budget, the former value -1659 100 million U.S. dollars, the predictive value -275 100 million U.S. dollars 2, economic events:
7th Asia-Europe summit meeting of economic ministers held (to 12)

£ readjustment as the main

Although the Bank of England announced last night to maintain 5 percent interest rates unchanged, but said that Dresdner Bank; proposed 1.98 pounds sold at the top of the Commissioner integer. British house price slump that economic recession exacerbated the risk, the Bank of England interest rate increase chips seldom, if the British core inflation, declining exports, the Bank of England in 2009 is expected to enter a rate cut cycle.
The news or the pound adversely. At the present, 1.9766 pounds overall adjustment in the vicinity.
Britain announced yesterday afternoon the June rate of housing price index, fell 2.0 percent, fell 6.1 percent annual rate for August 2006 the lowest.
This morning, sources said that Britain is extremely likely face American-style housing market downturn.
The author is still cautious about the recent trend of pounds, is expected to pound on the recent stall in the 1.98-1.99 range with greater resistance, while the British pound in recent file is expected to have a certain interval 1.95-1.96 support.
Yesterday to today, the euro rebounded to maintain the overall trend. At 1.58 euros after hitting intraday integral Commissioner and the closing time, the euro operating in the vicinity of 1.5784.
At the European Central Bank monthly report showed that: the rise in the euro zone price risks are on the increase.
Hao Li said that the European Central Bank officials: the euro zone is expected to more than 3% inflation rate will continue for some time, in 2009 gradually declining. 康斯坦西奥the European Central Bank officials yesterday said: Eurozone inflation brought about many risks.
The news is causing the euro rose yesterday to today the main reason.
However, France announced yesterday afternoon in May, industrial output dropped 2.6 percent rate, lower than the previous rate on the value increased by 1.4 percent, France announced the May manufacturing output fell 2.5 percent annual rate, below the previous value increased by 1.7% annual rate .
At the same time, European Central Bank President Jean-Claude Trichet yesterday%26#39;s relatively vague speech, limits the euro rose. Jean-Claude Trichet said last night: will do everything we can deal with inflation, but not prior commitment to the future interest rate moves.
From the short-term movements, whether the euro will once again break through 1.58 is a key integral Commissioner, if the recent breakthrough, the euro has not ruled out the possibility of rising to the contrary, if the recent breakthrough in the euro can not always integral Commissioner 1.58, or euro A correction pressure.
The recent euro is expected to file a certain extent in the 1.56-1.57 range for their support.
Last night, the dollar index correction of a general trend, the lowest intraday dollar index dropped to 72.41 points. This morning to now, the dollar index rebounded slightly. The deadline for dispatch, the run on the dollar index 72.51 points.
Last night to this morning, the international price of crude oil and gold futures rebounded, the dollar a larger pullback. At the same time, Fed Chairman Ben Bernanke speech last night against the dollar is still some negative. He said: on the continued financial market turmoil sent warning signals, resulting in the market worried about renewed weakness in the U.S. economy.
It is reported that yesterday, the latest U.S. interest rate futures market show that: in August the possibility of the Fed interest rate increase from a month ago to 34 percent, fell to 15 percent.
However, last night, the United States announced on July 5 week for unemployment benefits fell 58,000, to 346,000 people. And this morning, Fed officials Stern said: inflation risks are on the rise, if necessary, action should be taken.
The news Youling the dollar%26#39;s fall to slow down. The dollar index has yet to temporarily fell below 72 points integral clearance. At present the market to focus on tonight%26#39;s U.S. trade data. The data will directly affect the quality of the dollar, when invited to focus on.
Yesterday to today, the yen is still the main pullback. This morning, after falling as low as 107.26 yen. The deadline for dispatch, the Japanese yen fluctuations in the vicinity of the minimum price.
Although today morning RMB intraday high of 6.8356, hit again on July 21, 2005 since the new high, but the pullback has yet to allow the yen from the pressure.
It is reported that this morning, the market next week that the Bank of Japan will continue to maintain interest rates unchanged, the Bank of Japan may cut made in April when the economic assessment.
Japan announced today at the May industrial output on rise in the rate of 2.8 percent, lower than the original 2.9 percent increase, the data also some negative against the Japanese yen.
The author is still cautious about the future trend of the yen. Under the recent yen is expected to stall in a certain range of 108-108.50 support.
Today, the main concern of economic data and important events:
Concern: the United States today announced the May trade account, the United States in July the University of Michigan consumer confidence index, unemployment rate in Canada in June.
Operation of the proposed major currencies:
The U.S. dollar exchange rate:
1, if the dollar fell to 72-72.50 point range, dips to buy dollars.
2, the general rebound in the dollar index 73-73.50 point range, can be sold mainly Feng Gao.
3, but once the dollar index fell below 72 points rounded effective customs, the stop-loss buy dollars.
4, if the recent breakthrough in the dollar index effective 74 points integral clearance, you can buy high Zaizhui to see the high line.
Of the pound exchange rate:
1, if the British pound fell to 1.95-1.96 range bargain hunting buying.
2, the general rebound in the pound in the 1.98-1.99 range Fenggao mainly sold.
3, if the British pound fell below 1.9450 effective, the stop-loss buying pounds.
4, if the rebound over 1.9950 pounds, you can buy high Zaizhui to see the high line.

Asia City on the 11th near the Australian dollar 0.96 stabilize

Asia City on the 11th session, the Australian dollar was slightly higher early, on-Yuzu to 0.9630, after measurement to stabilize around 0.96, to maintain the 25-year high under the shock. -- As of 11:43, the Australian dollar against the U.S. dollar closed at 0.9606/09, down 0.08 percent.
Australia yesterday%26#39;s data to promote Australian dollar rose significantly, nearly 25-year high. Asia City after Australia announced strong support for Australian dollar interest rate prospects for employment, and promote wider Australian dollar up, North America was the beginning of his speech, U.S. officials weighed on the dollar, Australian dollar rose to 0.9637 homeopathy, then, down, to close at 0.9616. Thursday data show that employment in Australia in June to increase the number of accidents 29,800 people, nearly three times the expected level of the unemployment rate fell to 4.3 percent from 4.2 percent. The unexpectedly strong employment data for the Australian dollar has gained momentum injection.
Yuzu down the dollar%26#39;s rally yesterday, the second consecutive trading day decline, the lowest in 72.41, due to unfavourable prospects for Europe and the United States spreads dollars. Federal Reserve Chairman Ben Bernanke said that the ongoing financial turmoil, the market should make efforts to help restore normality. This is putting pressure on the dollar. European Central Bank President Jean-Claude Trichet, delivered a tough speech, the consolidation of the central bank to maintain hard-line stance of monetary policy expectations. Jean-Claude Trichet said that while on the 30th week, raising interest rates to help control inflation, but inflation higher than the euro zone European Central Bank%26#39;s target level of the time will be longer than initially expected.
At the same time, the U.S. credit market crisis of the dollar against rekindle concern, but also benefit more than Australian dollars. It is said that Fannie Mae and premises of the United States bankrupt. Another Chuan, Thursday announced earnings of U.S. companies will爆出a serious loss. But U.S. Treasury Secretary Paulson Thursday reiterated the strong dollar in line with interests of the United States point of view, for the U.S. dollar provided some support to ease the dollar%26#39;s decline.
Iran and rumors related to oil prices triggered a substantial increase. Dollar under pressure, and CRB commodity price index rose, gold also rose to new high of 944.50 U.S. dollars sessions. Dollar little changed, is still consolidating between 0.9610-20. Still selling at below the 0.9650 and 0.9675.
BNP Paribas said that if commodity prices drop in demand in Asia after the fall, the Australian current account deficit will be substantially increased, Aussie-related transactions will be reduced. The bank strategy division at the same time that the global mineral sector%26#39;s performance and the Baltic shipping index has weakened demand for commodities warning, but the Australian has yet to respond to these warnings. Strategy division said that the strong employment data will drive short-term Australian dollar rose against the dollar, but may be difficult to break through 0.9670. Strategist said, intensifying inflationary pressure and the resulting tightening of monetary conditions has been reduced in China and other Asian country%26#39;s economic growth momentum, which suggests that the demand for Australian exports has slowed.
Asia City on the 11th session, the Australian dollar against the U.S. dollar Australian basic economic trend of a face Australian dollar support, while the weak dollar will also support the Australian dollar higher, but short-term may not be up substantially. Technical level, Australian dollar against the U.S. dollar Thursday of relying on 20 and 30-day MA strong gains, one stroke broke through the 5 and 10-day MA of repression, once again approaching the recent range 0.9650/75 finishing top, if effective on the break of the resistance, the greenback may be Open up new space. If the decline since then Yuzu, while the exchange rate are likely to form at the top of the medium-term risks.

Asia City on the 11th in the British pound against the U.S. dollar under the finishing 1.98

Asia City on the 11th session, the British pound against the U.S. dollar under finishing in 1.98, today likely to remain horizontal shocks. -- As of 11:44, the British pound against the U.S. dollar closed at 1.9789/93, up 0.10 percent.
British pound against the dollar yesterday dropped shocks, but on the 7th of shocks up trend is still relatively complete. That is the beginning of the exchange rate set by the 10th MA suppressed, peaked at 1.9837,午盘started lower in Asia, Europe early UK house prices fell data, sterling down to the 30-day MA 1.9714 stabilize, then shock, set in North America Beginning with the euro rising close to 1.98, to close at 1.9768.
European sessions yesterday published data showed that British house prices index in June Halifax, down 2.0 percent, down 6.1 percent, or larger-than-expected 1.0 percent drop the month, down 5.9 percent for May, down 2.4 percent, down 3.8 percent, Annual rate of decline in March 1993 to the most, mainly because of expenses and solvency declined to purchase a severe impact on demand, while difficult to credit. The data further exacerbated the market on the British housing market worried about the future prospects of suppressing pounds substantially weakened.
Bank of England announced Thursday as scheduled to maintain the existing 5.0% interest rate unchanged, the latest data show that the UK inflation rate has risen to 3.3 percent for the 1997 independence of the Bank of England was the highest level. To this end, the real estate market despite the continued decline in economic activity shrink further, the Bank of England is still a loss.
Yuzu down the dollar%26#39;s rally yesterday, the second consecutive trading day decline, the lowest in 72.41, due to unfavourable prospects for Europe and the United States spreads dollars. Federal Reserve Chairman Ben Bernanke said that the ongoing financial turmoil, the market should make efforts to help restore normality. This is putting pressure on the dollar.
Fed Governor Yellen said, the real estate market slide, financial market volatility and rising commodity prices, Federal Reserve officials are most concerned about the issue, these factors make policy-makers face considerable challenges. European Central Bank President Jean-Claude Trichet, delivered a tough speech, the consolidation of the central bank to maintain hard-line stance of monetary policy expectations. Jean-Claude Trichet said that while on the 30th week, raising interest rates to help control inflation, but inflation higher than the euro zone European Central Bank%26#39;s target level of the time will be longer than initially expected. The United States on July 5 the first week for unemployment benefits hit the past three years, the biggest drop, but analysts said the U.S. Department of Labor, which have more seasonal factors, not to boost the dollar.
Fitch international rating yesterday warned that Merrill Lynch will soon be faced with credit ratings lower the risk, because the company may take the assets Chongjian, but next year there will be a certain amount of debt maturity. According to The Wall Street Journal reported yesterday that the Bush administration has conducted discussions, research once Fannie and mortgage in trouble after the United States of emergency programmes. Market worried that the Government supports the two companies can withstand the impact of a loss to live more, to play the role of supporting the property market, but also worried they may need to raise substantial capital funds. Although the U.S. Federal Reserve Chairman Ben Bernanke this week said it will take more action to ensure financial market stability, and to extend loans to a broker to provide the tools for next year. But the market is expected that the initiatives the U.S. financial industry is still facing credit crunch situation, the Fed may lack the courage before the end of rate hikes.
Spreads negative prospects for Europe and the United States dollar, British pound against the dollar gains were recorded for certain. Bank of England announced yesterday to leave rates unchanged, probably over a period of time to leave rates unchanged, in order to balance economic growth and inflation down, not to bring the trend pounds guidelines.
Next week, news of the many. Focus on the United States next week, many large financial enterprises earnings, if the United States further deterioration of the financial markets, U.S. stocks and the dollar could face further downside risk.

Asia City on the 11th after a strong consolidation of the euro against the dollar

Because of the lack of clear information, on the 11th Asian city after the euro against the dollar at 1.58 below the juncture strong consolidation in the range 1.5776 to 1.5800.
As the market is expected to be announced Friday in U.S. consumer confidence data may be dropped to 28 low, the dollar fell against the euro this week may be. There are indications that the sluggish U.S. economy could force the Federal Reserve raising interest rates this year will not take any measures to weaken the attractiveness of U.S. dollar assets. Barclays Capital in Tokyo, chief currency strategist Toru Umemoto said the dollar remains vulnerable, the market can not be dispersed to the U.S. financial industry worries the U.S. economy and its negative impact. Umemoto said the euro against the dollar in one month is expected to 1.6000 level.
The European Central Bank announced on the 10th of July notice, because food and energy prices could trigger the soaring prices of goods and services overall increase in interest rates from 4 percent to 4.25 percent to prevent possible outbreak of the second round effects of inflation is necessary, And pointed out that the sustained high prices of goods will be a drag on the economy, there are signs that the euro zone gross domestic product (GDP) in downside risk. European Central Bank will be an important factor in economic downlink attributed to inflation, the central bank hinted that inflation targeting help to prevent the economic slowdown. European Central Bank governing Hurley said that the euro zone is expected in the next few quarters economic growth will slow and that, despite concerns the problem of inflation, the European Central Bank monetary policy has not tendentious. This month the European Central Bank interest rate statement after the argument resolution unanimously. The European Central Bank President Jean-Claude Trichet speech said that although last week%26#39;s rate hikes to control inflation, but higher than the euro area inflation target level of the European Central Bank will be longer than the time originally anticipated. European Central Bank generally tough stance is not as it expressed no preference, suggesting that if inflation continues to remain high, the next ECB rate hikes are still possible, this support of the euro against the dollar.
In addition, under the Chicago Board of Trade (CBOT) futures prices, the market for the Fed meeting on August 5 changes in interest rates is priced at 85 per cent of the possibility of two percent of the level of interest rates unchanged, a month ago to 34% The possibility.
Technology, the euro against the dollar on the map Specifications shocks the strong side, four-hour exchange rate shocks slow rise up and break right triangle indicates there are still short on action can, if investors in Shouwen 1.5750 at the top of investors is expected to once again challenge the gateway 1.59 Near the resistance, the stronger resistance at 160 crossings. But if Diehui 1.5750 below, it may average 20 days to test 1.5666 and stronger support in the vicinity of 1.56 juncture.

11 days runs on 1.3 billion U.S. history exposed in the second largest bank failures

IndyMac Bank FSB (IndyMacBank) announced the closure of the weekend. Although the information is now Yanyanxiari picture, but the U.S. mortgage agencies, it is unusually cold winter. The two mortgage giants - Fannie Mae, the premises of the United States shares a series of diving, and faced by the Government to take over the situation at the same time, another American, Calif.-based mortgage institutions - IndyMac Bank FSB (IndyMacBank) are Weekend declared bankruptcy. Since the end of June, IndyMac Bank FSB in a short period of 11 days to go was 1.3 billion U.S. dollars, therefore the closure of banks, to become the second large-scale history of the United States of the failed bank, second only to 1984 bankruptcy of the continental United States Illinois National Bank of the scale.
Take over the cost or a history of the closure of IndyMac Bank FSB, its business will be the Federal Deposit Insurance Corporation (FDIC) took over. It is estimated that IndyMac Bank FSB to take over the cost of between 4-8 billion U.S. dollars, the bank may set the acquisition cost of historical record. FDIC plans to re-start operations this week that the bank, is expected to cut 3,800 jobs, more than half of the total bank employees. After re-opening, the bank will be renamed to Mike Commonwealth Bank of India (IndyMac Federal Bank). Monday, the bank%26#39;s Internet banking and telephone banking services will be re-introduced, prior to the depositors to withdraw money, can only use automatic teller machines, debit card or check transactions.
U.S. Office of Thrift Supervision (OTS) weekend, IndyMac Bank FSB did not meet the requirements of the deposit of funds led to cash flow problems, it declared bankruptcy. In the fall in property prices and building foreclosure the rising number of cases, IndyMac Bank FSB recorded a total of 900 million U.S. dollars of losses. IndyMac Bank FSB As of March 31, the total assets of 32 billion U.S. dollars, the amount of the deposit for 19 billion U.S. dollars. According to FDIC data, IndyMac Bank FSB is the history of the United States the second largest bank collapse after the 1984 bankruptcy of the mainland Illinois National Bank, the latter assets of nearly 40 billion U.S. dollars.
Schumer alleged incident triggered panic FDIC intervention, all because Senator Charles Schumer last month on the 26th of the letter. In his letter, urged the banking supervisory body to take measures to prevent the collapse of IndyMac Bank FSB. After the news spread, the bank customers have caused to the bank runs on. After the publication of the letter within 11 days, customer withdrawals of 1.3 billion U.S. dollars.
OTS criticized Schumer%26#39;s letter triggered panic. Schumer said that for a trigger panic in a written statement to refute, in his view, IndyMac Bank FSB of bankruptcy because the bank%26#39;s own reasons, not the recent isolated incident. He pointed out: If the OST to monitor, prevent IndyMac Bank FSB lenient attitude to money lenders, they would not get today%26#39;s field.
The industry believes that IndyMac Bank FSB%26#39;s collapse in fact already threatened.
February of this year, IndyMac Bank FSB report to the 23 the first annual loss, the company said had to suspend distribution of common stock dividend of credit to defuse the impact of the crisis. At that time, the company announced a restructuring plan. Based on this programme, the company will cut one-quarter of the staff. As the housing market and rapid deterioration in the mortgage market, we have no choice but to like mortgages and other securities in the field of major financial institutions, like large-scale write-down the value of assets, the credit is essential to establish the reserve. We have taken place in the fourth quarter Substantial losses. Maikepeirui the company%26#39;s chief executive, said in a statement. May this year, IndyMac Bank FSB announced loss of 184 million U.S. dollars, or 2.27 U.S. dollars. IndyMac Bank FSB, the largest U.S. Alt-A loan providers one. Such lending rates higher than other loans, lenders usually do not provide too much information, but not a secondary mortgage loans.
In addition, in May this year, Standard %26amp; Poor%26#39;s also downgraded IndyMac Bank FSB Group and its subsidiary of IndyMac Bank FSB%26#39;s debt rating, Standard %26amp; Poor%26#39;s will be their priority, and so on to股评D.
The Senate passed the bill in mortgage relief agencies frequently critical signal sent to the U.S. Senate last weekend expedite the process, the adoption of a 3000 U.S. dollars worth of financial bills to help those families to retain the loan-to-damaged property and the enhancement of Fannie Mae Premises and supervision of the United States and the two companies. At the same time, the programme also includes potential property buyers to give tax incentives to purchase mortgage housing community to provide about 4 billion U.S. dollars of financial assistance and other measures.
The bill agreed to by 63 votes and five votes against adoption.
It is learnt that in fact the bill as early as in early July has drawn up a preliminary, and the two mortgage giants as the stock plummeted 45 percent and the two companies would need the support of the Government to avoid bankruptcy rumors the impact of the bill to speed up通过. The U.S. Senate Banking Committee Chairman Dodd said that the present circumstances make this bill must be passed, because the two companies from a fundamental point of view or health. Dodd said: We do not have the time to panic, the Senate passed the bill, will those investments Fannie and premises of the U.S. company%26#39;s investors more confidence, so that they believe this is a good value for money transactions.
Bush Administration once said it would veto this bill, but the White House has hinted will be consultations with the legislators to strike a compromise. Different from the Bush administration was intent to purchase mortgage housing community to provide cash grants because they believe this measure will help those who have mortgage lender, rather than real damage to those families and individuals.
White House spokesman said: Congress needs to provide a President Bush signed the bill, if they will oppose the measures we remove from the bill, President Bush immediately signed. (Zhu Xian-kai)

The world top 500 brands announced in New York media monopoly 40

2008 (5) brand world top 500 list - on the 13th in New York announced. Harvard University from last year%26#39;s fourth largest First, the veteran players Last year, Coca-Cola championship this year, second place, while the No. 3 spot was Citigroup. ENTRY brand largest media industry, a total of 40. Mainland China into the world top 500 brands total of 15.
This year selected brands covering 72 industries, which brands the list of the most media sector, a total of 40 brands selected, followed by the Food and Beverage (31), clothing apparel (27) and the automotive and electrical parts thereof (25) And other industries.
2008 (5) brand world top 500 list - on the 13th in New York announced. According to the World Brand Laboratory was informed that the non-profit organizations at Harvard University (Harvard) from last year%26#39;s fourth largest First, the veteran players, winner of last year Coca-Cola (Coca-Cola) in second place, while third-ranked Citigroup%26#39;s (Citi). This year China has selected three brands, the world%26#39;s top 500 brands total of 15, including China Mobile and China Central Television the top 100.
This year a new list of 17 brands, of which four are non-profit organizations, they are Bill and Melinda Gates Foundation, the Pulitzer Prize, London School of Economics and Political Doctors Without Borders. With the global increase in the number of Regal, works of art related industries Sotheby%26#39;s (Sotheby%26#39;s) and Christie%26#39;s in the (Christie%26#39;s) selected the first two auction houses.
Oxford University 912-year-old the oldest According to statistics, 2008, the top 500 world brands in the brand is the oldest of the University of Oxford, so far has been 912 years of history, University of Cambridge, the University of Heidelberg because the owners were 799 and 622 years of history And the oldest brands were ranked second and third, and the oldest of the 10 brands, five are non-profit universities. Youtube and Face (FaceBook) two Internet brands, respectively, to 3-year-old and 4-year-old ranked the top 500 world brands section 18 and 50, and Youtube because the profit model and copyright confusion from last year%26#39;s first name 10 Waterloo of the eight.
Brand growing influence of the selected this year%26#39;s World Top 500 brand brand covers 72 industries, which brands the list of the most media sector, a total of 40 brands selected, followed by consumer goods still belong to the field of food and beverages ( 31), clothing apparel (27) and the automotive and electrical parts thereof (25) and other industries. With the global industrial production and investment activities increased rapidly, market competition further standardized, and the purchase of industrial products in the brand%26#39;s influence on decision-making more and more, such as home personal items, retail, electrical and electronic equipment, and banking sectors were 23, 22 , 20, 20 brands selected, which means that the future of the media industry are gradually being optimistic about market prospects.
This reporter has learned that with the current most influential of the Financial Times and Fortune Global 500 companies list different is that the Financial Times based mainly on enterprises to make stock market ranking, Fortune magazine will focus on enterprises Income and profits, the World Brand Laboratory by 1999 Nobel Laureate in Economics chaired by Professor Robert Mundell, the top brand evaluation is based on the influence of the world, including three key indicators: market share, brand loyalty And global leadership.
China ranked 15 countries ranked seventh in the list of 28. The number of brands from the distribution of countries, the United States occupy 500 of 243 seats, nearly half, to lead brand power position, France on 47 brands of second place, Japan in 42 selected brand ranked third. However, with the Asian economies, especially China%26#39;s sustained economic development, European and American brands have been tough challenges, the biggest brand ranking fell almost from the United States and Germany, for example, Moody%26#39;s (Moody%26#39;s) because the loan-to-the perpetrators of the crisis A decrease of 211, Bertelsmann (Bertelsmann) and the weekly Der Spiegel (Spiegel) by the impact of new media, were down 108 and 38.
It is worth mentioning that this year China has selected three brand success and become the seventh largest number of brands selected countries, an increase over last year ranking. The brand new list are: China Petroleum, China Merchants Bank and Tsinghua Tongfang, they and China Mobile, China Central Television, Haier, Lenovo, the Chinese Industrial and Commercial Bank, National Grid, the Bank of China, China Life, Changhong, China%26#39;s iron, Air China, China Petrochemical, form a team with 15 of China%26#39;s national brand. (Liu Jian-Yun)

U.S. oil prices soaring to some wood

July 10, in the United States of Woburn, Mass., and installers for the installation of Dilu Suo-burning wood stoves, which will use a specially made stove wood tablets for the fuel. As the international market of crude oil futures prices rebounded sharply on the 10th to 140 U.S. dollars per barrel on the New York, London and rising oil prices are more than five U.S. dollars. That high oil prices prompted the residents in the northern United States to use wood burning stoves and other equipment to replace the original fuel for heating facilities, which makes some of the residents of the traditional fuel supply companies operating in a predicament.

Law next year would cut 30,000 civil service posts

French Budget Minister Wei Erte on the 10th in the echo carried an interview that the next French government will eliminate a considerable number of civil service posts to reducing expenditures.
Weier Te said that in the next year due to retirement and vacant staff positions, there will be 30,000 to 32,000 jobs no longer hiring new people. He said the move will help the Government achieve every two retired civil servants employed only one goal of the layoffs. This will enable the Government save nearly 1 billion euros expenditure. (Lu-Jun)

British thatch housing the poor can not afford to live

Britain%26#39;s National People%26#39;s Congress have been to have been a long, British characteristics hats and thatch houses attracted. Britain signs of grass is not all houses made of thatch, housing and the walls of ordinary houses, but the house wearing a grass hat, hat weaving a very delicate, detailed, allegedly Kind of technology is very particular about, to use a long pole wheat wheat straw, in the United Kingdom but a specialized industry. Dedicated to this craft were known as the thatched cottages Carpenter.
Thatched house relatively light weight of the roof, not to cause great pressure on the wall, past the living room are of such poor, but now most people can not afford to live. In recent years, the livelihood of farmers in order to Gaizhong higher crop production, leading to thatched roof in need of long-rod wheat shortage. Thatched roof once every few years to be replaced, the replacement of a need to spend thousands or even 10,000 pounds, coupled with rising labor costs, the traditional houses facing impact.
Today, more and more people advocating the natural, rural landscape painter thatched cottages became a hot topic, many hotels have Zhaomaohuahu to wear the grass hat, highlighted the British characteristics.
(From July 3, Global Times)

South Korea starting in June next year will be the full implementation of the system to track the source of beef

South Korea beginning from 2010 not only for domestic beef, imported beef will also be introduced to track each stage of the circulation system of channels.
According to the Korean Daily News reported the South Korean government on the 11th in the morning, Prime Minister Han Seung-soo, under the auspices of the departments concerned held a joint meeting, in order to enhance food safety to the level of developed countries, including developed and published the contents of the comprehensive measures . Decided to start in June next year, the full implementation of beef source tracking system to prevent imports of beef were disguised as domestic beef sales. In addition, in order to enhance the safety of domestic beef, for the purpose of the prevention of mad cow disease, with the exception of fish meal in all animal protein from September will not be allowed to used as feed.

The first half of Egypt's nonoil exports up 31%

According to Egypt cronies on the 12th, the Egyptian domestic trade, foreign trade and the Ministry of Industry has recently released a report that the first half of this year Egypt%26#39;s non-oil exports amounted to 9 billion U.S. dollars, an increase of 31 percent is expected this year The non-oil exports will be over 18 billion U.S. dollars.
From the export targets, the largest share of the European Union, about 37 percent, followed by Arab countries, about 36 percent. Italy is Egypt%26#39;s largest non-oil export destination, followed by Saudi Arabia, the Netherlands, Britain, the United States, Turkey, Libya, Syria, France and Spain.
From the export industry, chemical industry, food, engineering and construction are the main export industries, including chemical fertilizer exports rose 45 percent to 20 billion dollars the food industry exports increased 29 percent to 783 million U.S. dollars.
Reported that the national industry to meet international standards, the international quality certification, enhancing the competitiveness of Egyptian products is Egypt%26#39;s exports of strategic objectives. Egypt will be new industries to provide material and technical support to enable it to benefit from countries signed a free trade agreement. Egyptian government also intends to increase the 400 million U.S. dollars of export support fund to enhance the competitiveness of national industries. (Wang)

The cost of living soaring oil prices soaring U.S. workers temper deterioration

U.S. social psychologists survey found that the temper Help With crude oil prices are soaring, soaring cost of living has become increasingly hot.
A research report estimated that the United States there are nearly 3 million workers in the workplace and others had limbs in the conflict; nearly 90% of workers that now work encountered rude behavior more apparent than in the past.
Temper the University of South Florida psychology professor Paul Spector to the survey, nearly half the U.S. personnel serving in the work of a screaming, Mazang Hua, and so on; about one-quarter of respondents said, Because of work pressure and can not shed tears.
Spector said: (pressure performance) from the general mood hot to extreme acts of violence there. The media always reported very few casualties caused by the serious violent incidents, in fact impact on the millions of ordinary people .
How to reduce conflict and stress, a book the author Anna Ma La Weila in Iowa earlier this week held a seminar participants asked whether the work environment was a bad emotional growth, all results People raised their hands agreed.
Malaweila said, a survey showed that 88 percent of the workers that now work encountered rude behavior more apparent than in the past.
Not only by the number of negative emotional distress many, the performance of some of them also quite intense. Study said that about one-sixth of the people have in their work to see things with Export damage to property caused by the case; one-tenth of the people at work to see the result of poor emotional trigger violent conflict, and this worries Workplace safety.
Spector%26#39;s findings said that 2-3 percent of the respondents admitted that in the workplace or even pushing assault others. According to this proportion is estimated that the United States there are nearly 3 million people may work with others in a physical confrontation.
Malaweila tired of life, said: This is a total disaster…… rude, irritability, anger, we used to always show this side of the family, and in the workplace we looked very professional. But now it seems to have become the workplace On a trend.
In the past we have the guts Fapi Qi behind closed doors. But now people no longer gradually this (public Fapi Qi) feel embarrassed, she said.
Some experts believe that the continuing rise of oil prices is caused by emotional deterioration in the workplace an important factor.
Chicago, a workplace consultant John investigations Ling said: To go to work, people on the road to spend a long time. They sat transport, outsourced watched their salaries were a little burned. They either upset Yiluan, or ready to do one.
In addition, because the cost of living increase, many office workers have a corresponding reduction in amateur entertainment expenses, so that they have nowhere to release the more emotional.
Many people spend a weekend, but did not relieve the pressure, the cycle began again to work, said Ling investigation.
To give vent to Malaweila said: many of us feel the economic and social dimensions of defeat. Ceased to exist a sense of security, anxiety and unease straight up.
Malaweila analysis, in this case, to others Fapi Qi as a way to seek self-consolation, it could allow themselves to believe that they have experienced the pain of others or units by the selfishness and incompetence caused.
Social psychologists pull Lekanteer Xie said, the more those in the work of the outstanding performance of emotions the easier it is to get out of control: are often those with Type A personality, they are very clever, very high on himself, and like With the same high standards of others.
Type A personality generally refers to those Zhengjianghaosheng, but Xingji work efficiency were higher.
Spector believes that, whether white-collar or blue-collar elite, the sentiment is widespread deterioration of the facts. Adverse emotional effect of the work efficiency of production, enterprises will also pay a high price. (Peng Meng Yao)

The U.S. Senate approved 300 billion U.S. dollars to save the market

Provide 30-year fixed-rate loan scheme to help those unable to pay for reservations on property on the 11th U.S. Senate approval of a majority in favour of a total 300 billion U.S. dollars of the rescue plan to help hundreds of thousands unable to pay for the purchase of To keep real estate, mortgage loans by strengthening the company%26#39;s real estate market suffered ease the regulatory impact.
Bloomberg news agency commented that Congress is committed to deal with the 1930s the United States since the Great Depression experienced the most serious real estate recession.
The votes by the Senate plan to save the city the day with 63 votes in favour, five votes against approval of the voting results of this project. The Associated Press that the economy as voters are most concerned about that, that the overwhelming majority of senators voted for the Democratic and Republican parties in an election year to help buyers of positive will.
In June this year, the United States the right to redeem the loss of collateral in the number of 252,000, than the same period last year increased by 53 percent, the average per 502 residents have a property was recovered. Among them, many home buyers buy a house when the first choice of floating-rate loan scheme, that is, in the first few years in a lower interest rate loan, but since then due to the increase in interest rates gradually, for a substantial increase. In the real estate market diminished the circumstances, many buyers were forced to give up loan.
According to Senate approval of the plan into the plight of the buyers through loan restructuring, participation by the Federal Housing Authority to provide the 30-year fixed-rate loan scheme.
U.S. Congress Budget Office report said that from this year on October 1 to September 30, 2011, there will be about 2.2 million secondary mortgage buyers, the city expects the plan will save about 400,000 state loan pressure The buyers benefit.
This program will help avoid another repeat of this level of crisis, Senate Majority party (Democratic) Leader Harry Reid said, (help) in collateral redemption at the loss of his stop it, Retain the next generation of the family%26#39;s dream.
Strengthen the regulation of interest-free tax cut to help buyers at the same time, the plan also listed a number of regulatory and incentive measures with a view to restoring investor confidence in the property market.
According to the plan, the Federal Housing Authority will be comprehensive reform, the establishment of a new Federal Housing Finance Board, the regulatory body responsible for monitoring Fanni Mei Corporation (also translated Fannie Mae),弗雷迪马克(also translated Premises of the United States), such as mortgage companies.
As the market worried about Fannie and premises of the United States may be taken over by Government, or issuing additional shares to finance huge tiding over the difficult times, the two companies stock prices plummeted on the 11th Open by about 50%, although the rebound after, but the closing prices than a year Before fell about 80 percent.
Prevent them (mortgage companies) is a method to slide into the abyss, the establishment of a strong regulator, more stringent than before to monitor them. Senate Banking, Housing and Urban Affairs Committee member Richard C. Shelby said.
The plan also includes the total over 14 billion U.S. dollars of tax relief measures, first-time home buyers who receive a maximum of 8,000 U.S. dollars interest-free loans. U.S. state governments will be allowed to issue total 11 billion U.S. dollars of tax-free bonds to encourage the development of the local housing market.
Part of the plan still differences between the House and Senate needed after consultation, final draft text submitted to President Bush, as he signed the entry into force. However, some of the measures planned in the House of Representatives and the White House is still facing resistance, such as agreed to set up a 3.9 billion U.S. dollars of individual funds for the purchase and restore security have lost their right to redeem the property.
The White House insisted that the funds from this project is not to benefit home buyers, but lenders, which should be considered the loan-to-bear the main responsibility for the crisis. House of Representatives Democratic Party believes that this separate fund will increase the budget deficit, unless the planned cut corresponding item, or contain a corresponding tax increase measures to offset expenses.
The White House issued a statement the evening of 11 said that if Senate and House of Representatives submitted the final text of the draft contains the contents of individual funds, Bush will veto it. However, Bush himself has said that it would work with Congress, introduced on behalf of the parties to seek the position of the Bill.
Reuters said that when the loan-to-plagued electoral crisis, Congress could force the two parties, Bush signed a bill designed to save the market. (Xu Chao)

EU employment ministers to discuss the people's livelihood projects

EU employment and social policy ministers to attend the 10th in the north of Paris still Diyi Castle at the EU employment and social policy ministers informal meeting. They will be in a two-day meeting of Chinese people%26#39;s livelihood to the EU plan.
France holds the EU presidency, and in particular the opening of the official website, the EU presidency, France, published communique points out that the current EU employment and social policy ministers informal meeting will focus on globalization and climate change, population New challenges and changes in human behaviour and social solidarity and equal treatment and other issues, hoping to address the above agreement, and is conducive to forming people%26#39;s livelihood and practical relevant social policies.
France on July 1 officially as the EU rotating presidency for six months. The French Government attaches great importance, in 2008 the Government set up a budget of 190 million euros a special budget. (Shang Xu)

Bush said Americans are "difficult economic period"

U.S. President George W. Bush said on the 11th, the Americans are in economic hard times.
Bush is the same day in the United States Department of Energy and economic consultant team made the remarks during a meeting. He said the Government would strive to improve the economic situation. He said that currently there is a way to help ease the U.S. public facing economic pressure, that is, Congress in August approved as soon as possible before the summer vacation open new oil exploration areas, to help stabilize oil prices, thus easing the pressure of the people.
By the loan-to-high oil prices and the impact of the crisis, the United States increased pressure on the public generally, the country%26#39;s economic situation deeply worried. The two largest U.S. mortgage agency premises of the United States and Fannie Mae recently reported insolvent debt, the news, adding to investor worries. Bush is against this background and economic consultant team meeting to discuss countermeasures. (Wang Yang Qingchuan)

Russia's central bank to raise interest rates to curb inflation

Russian Central Bank announced on the 11th, starting from this month on the 14th will be lending rate from 10.75 percent to 11 percent. This is Russia%26#39;s central bank since the fourth time this year to raise the interest rates to curb inflation.
February of this year, the Russian central bank will be lending rate from 10 percent to 10.25 percent, followed in April and June to raise lending rates twice, each time the increases are 0.25 percentage points.
Russia Bureau of Statistics show that the first half of this year, the Russian inflation rate of 8.7 percent, up three percentage points.
This year, the Russian government has repeatedly raised the whole year inflation expectations from the original 7-8.5 percent, and gradually adjusted to 9 to 10.5 percent. Russian Central Bank First Deputy Governor of Melikijan in June had said that Russia%26#39;s inflation rate this year is estimated at 12 percent. And the International Monetary Fund is forecast that Russia%26#39;s inflation rate this year will reach 14 percent. (Reporter Zhao Jialin)

Eurozone inflation in June to 4 percent

ANSA news agency reported on July 7, the euro zone in June inflation rate reached 4 percent. In Brussels on July 7 at the Euro zone finance ministers meeting, EU Finance and Monetary Affairs Joaquin Almunia and Juncker Chairman of the Group of the euro, the current high inflation rate is worrying, the euro zone economic growth will Produce a series of adverse effects.

Japanese consumer prices of raw materials have confidence fell to lowest point in history

The Cabinet Office announced on the 11th in the Consumer Trend Survey The results show that in June this year, Japan%26#39;s consumer confidence index fell to the lowest point.
Investigation showed that consumer confidence in June showed that the state of consumer attitudes index of 33.9 from May fell to 32.6, the lowest record.
The Cabinet Office believes that in the food and food price hikes of raw materials have the background, the downward trend in consumer confidence in recent months has been sustained.
Consumer Trend Survey is the Japanese Cabinet Office to the family for about 5,000 objects, understanding them in the next six months family, income means, employment environment and determine the timing of the purchase of durable goods, the four areas expected And calculate the index for the judgement of the National Consumer Psychology. (Yejia)

India's inflation caused by rising prices of industrial growth declined continues to rise

Comprehensive reports, the Indian official on the 11th released the latest inflation rate, due to rising food and commodity prices, the inflation rate higher than the same period last year, while the industrial growth rate than the lower than last year.
According to Central News Agency reported that as at June 28, on the first anniversary of India%26#39;s inflation rate continues to rise to 11.89 percent, higher than the same period last year 11.63 percent; official also announced in May industrial growth rate of 3.8 percent, below 10.6 percent of the same period last year.
India has long been slightly pessimistic about the Ministry of Finance officials said that the Indian inflation rate will rise to 13 percent, about in about September this year, will it be possible to slow down.
Treasury officials said that it was important goods and materials such as steel prices may rise further, pushing up inflation is the main reason.

The EU's agricultural traders an antimonopoly surprise inspections

The European Commission confirmed on the 10th here, the agency%26#39;s anti-monopoly law enforcement officers on the same day a number of agricultural traders launched a surprise checks.
The European Commission said in a statement that it has reason to believe that, check the illegal enterprises could form a cartel price monopoly, to manipulate the market price or to carve up the market, thereby violating the EU%26#39;s competition rules.
In accordance with established practice, the European Commission did not publish the names of companies involved, but said these enterprises of the two EU member states, mainly sales of cereals and other agricultural products.
EU cartel monopoly organizations investigations with no time limit. Once certified offence, the offender will be punishable by a maximum enterprises annual turnover of 10 per cent of the punishment.
As prices for grain and other agricultural products in the past sharp rise over a period of time, the EU leaders in June this year at the summit, proposed, should be in agricultural products on the retail part of strengthening anti-monopoly law enforcement to ensure fair competition in the retail market. (Shangjun)

Switzerland continued to decline in the number of farms

Swiss Federal Statistics Bureau released data on the 10th, Switzerland%26#39;s Farm (farm) in the number continued to decline, from 63,600 in 2005 decreased to 61,800 in 2007.
Federal Bureau of Statistics said that from 2000 onwards, the number of farms in Switzerland to the average 1.8 percent decline, the average annual reduction in 1250.
However, the Federal Bureau of Statistics noted that the general view of the decrease in the number of farms, but farm scale of operation in gradually expanding. 2007, 21 percent of the farms have more than 25 hectares of arable land available, while in 2000 only 16 percent of the farms have the same area of arable land. Livestock can also see from this trend: 2000 to 2007, Switzerland decrease in the number of livestock farms by 14%, but each ranch%26#39;s livestock herds have increased.
In addition, from 2000 to 2007, the Swiss food production decreased by 14 percent, while rape and sugar beet production output grew by 17% and 42%.
Switzerland, the country%26#39;s population of about 7.5 million, of which 20 percent are foreigners, farmers accounted for about 4 percent of the national population. (Yang Ling)

WalMart reelection as the "Fortune Global 500" Champion

By the U.S. Fortune magazine named the 2008 Global 500 list before出炉. Last year, the top three is still the old lineup: No. 1 is the world%26#39;s largest retailer, Wal-Mart, the second of Exxon Mobil Oil, the third for the Royal Dutch Shell oil company. Fourth to the 10th followed by British Petroleum, Japan%26#39;s Toyota Motor Corp., the U.S. Chevron oil company, ING Group (ING), the French oil company Total, the U.S. General Motors Corporation and the U.S. oil company ConocoPhillips.
The list of companies with the largest number of countries and regions in the United States, 153; followed by Japan, 64; again is France, 39.
Emerging markets, Mainland China, Hong Kong, China region and China Taiwan enterprises in the list were 25, four and six, a total of 35 companies list, five more than last year. India and Russia respectively seven and five companies shortlisted.
Shortlisted in the 2008 Fortune Global 500 enterprises in China, Sinopec to 159.26 billion U.S. dollars in annual sales No. 16, becoming the highest ranking in the top 500 Chinese enterprises. Hong Kong companies in the list, the highest ranking is Hutchison Whampoa, ranked 286 Taiwan companies in the list, the highest ranking is Foxconn Technology Group, ranked 132.
According to statistics, this year%26#39;s global Fortune 500 companies, total sales reached 23.6 trillion U.S. dollars, up 13 percent over last year; total profit growth of 3.9 percent, to 1.6 trillion U.S. dollars. (Monk)

European aviation industry executives and the European Central Bank Governors to discuss stronger euro

European Aeronautic Defence Industry Association on the 10th that the European aviation industry executives and the day meeting with European Central Bank president Jean-Claude Trichet, the rapid appreciation of the euro against the U.S. dollar expressed extreme concern.
European Central Bank refused to provide any details of the meeting, but confirmed the matter. Jean-Claude Trichet, the same day to meet with the staff, including Airbus parent company European Air Group, Germany Dir syndicate and the European Aeronautic Defence Industry Association executives.
Jean-Claude Trichet, the stronger euro on the issue still played the old tune. He mentioned, including U.S. Treasury Secretary Paulson and President George W. Bush, the U.S. authorities have said the dollar remain strong related to U.S. national interests.
European aerospace and defense industry representatives last week issued a warning that the appreciation of the euro against the U.S. dollar may lead to a large number of unemployed people in the industry. European Aeronautic Defence Industry Association president Ake Svensson said, the depreciation of the dollar against the euro 10 cents each, will give European companies a total of 1 billion euros for loss of profits.

Kenya the second half of the value of the currency or face multiple pressures

According to the media here on the 11th, analysts believe that high oil prices, high inflation, Kenya tourism recovery is weak, and other factors, the second half of this year, Kenya shilling value of the currency will face multiple pressures.
By the end of last year presidential election after the outbreak of the riots, East Africa%26#39;s largest economy Kenya shilling currency serious devaluation in January of this year, the shilling against the dollar hit a one dollar 74 shillings in the past three years minimum. Although the shilling-dollar exchange rate has rebounded sharply, but most analysts here believe that by multiple factors, second half of this year will be relatively weak shilling, the shilling against the dollar is expected to be 1 to 67 to 1 ratio between 72 Fluctuations.
Barclays Bank of Kenya in the market for Anthony Jilu Yi said that global oil prices will be the Kenyan shilling weakening the main factor, this second half of this year will show even more evident. He also said that as the largest volume of the Kenya tourism industry recovery is weak will also enable Kenya shilling under pressure.
End of December last year, Kenya presidential election triggered riots, resulting in economic losses amounting to 1 billion U.S. dollars, particularly in the tourism industry suffered the loss of the most serious. First quarter of this year, Kenya tourism revenue from the same period last year to 17.5 billion shillings Meng 8.08 billion shillings.
Kenya Commercial Bank foreign exchange official said Jeremy Maiya Ken Diego, the shilling will come from increased imports under the pressure. According to reports, the Kenya Government has planned to import 270,000 tons of grain maize to make up for the shortfall, which will increase demand for foreign exchange, the shilling negative.
Analysts also noted that high inflation is also willing to weaken the shilling an important factor. This year in May, Kenya, the rate of inflation reached 31.5 percent, the highest level in 10 years.
However, analysts also pointed out that Kenya shilling exchange rate will also receive some support factors, such as Kenya, the current foreign exchange reserves sufficient, agriculture has started to recover. (Liu Ying)

July 12 Exchange Comments: The United States increased risk of stagflation

The United States announced in July the University of Michigan consumer confidence index rose to 56.6 compared with market expectations of 55.5 and 56.4 last month, the better. As of July 4 the week leading indicator of the 131.2 from the previous week rose to 132.5. As for the U.S. Labor Department reported the May import prices rose a monthly 2.6 percent, or higher than market expectations of 2 percent, after deduction of fuel rose 0.9 percent, showed that high oil prices and the depreciation of the dollar, increasing import costs. Although the United States announced today the economic data than expected, but the import price continues to rise, an increase of the U.S. market increased risk of stagflation concerns.
The euro: the euro against the dollar today because of weakening of the U.S. dollar and the impact of oil prices suddenly rose, stimulating their currencies against the shooting up to 1.5945 level, subsequent U.S. economic data than expected, the euro was down against the dollar. Germany today announced the June monthly wholesale prices rose by 0.9 percent, in line with market expectations. The year-on-year while the 8.1 percent last month climbed to 8.9 percent, showed that the country%26#39;s inflation situation remains serious. The euro zone will be announced next Monday May industrial production data, the market is expected to be down 0.6 percent, while the former value was up 0.9 percent.
GBP: British pound against the dollar and the euro close to the trend today, its currency against the dollar once again due to the weakening and the impact of soaring oil prices, stimulate the pound against the U.S. dollar had soared to 1.9956, subsequent U.S. economic data than expected, the U.S. dollar Rebound, pound sterling against the dollar immediately dropped, the lowest level Zengxian 1.9750. Britain will announce next week a number of important economic data, announced that next Tuesday%26#39;s June consumer price index will be the focus of the market.
Japanese yen: Japanese economic data released by the poor and the yen affected by the demolition positions, dragging the dollar had dropped to the lowest level of 105.65, followed U.S. economic data is better than the market expected, the dollar rebounded against the yen immediately. Japan announced in June this morning, the family consumer confidence index fell to 33.9 from last month%26#39;s 32.6, reflecting the energy and food prices continued to soar and really affect the confidence of consumers shopping. Japan will announce next Tuesday that the outcome of interest, the market expected the Bank of Japan will maintain interest rates unchanged at 0.5% level.
Australian dollar: The Australian dollar this morning, the yen had been demolished positions and the Commonwealth Bank of Australia raised mortgage rates and the news drag down under, the lowest level had dropped to 0.9591. Later stronger commodity prices, stimulate the Australian dollar then rebounded. I believe that the Commonwealth Bank of Australia announced the news to increase mortgage rates, housing will only contribute to the local people a slight psychological impact, as the only bank to increase its mortgage rate 0.14 percent. If the contributors to the bank borrowing 300,000 Australian dollars a 30-year housing loans, the contribution of an additional weekly payment is only 7 Australian dollars. Bank of Australia will be next Tuesday released seven records of the monetary policy meeting.
New Zealand dollar: as the market expected the U.S. credit crisis could deteriorate further, weakening of the U.S. dollar and stimulate the yuan against the U.S. dollar rebound in New Zealand. New Zealand announced in June home sales fell 42.4 percent, and for the fourth consecutive month decline, the main factor is New Zealand%26#39;s high interest rates have slowed down the demand for housing.
Canadian dollars: USDCAD time in Europe and Asia because of soaring crude oil prices and the weakening of the U.S. dollar fall, has dropped to the lowest level of 1.0066. Since then, Canada%26#39;s employment data worse than the market expected, the dollar rebounded against the Canadian dollar immediately. Canada announced in June to reduce employment in 5000, the increase in 8400 published the previous month and increased market expectations of 100 million people%26#39;s congress of the Court of difference. The same month, the unemployment rate from 6.1 percent in May rose to 6.2 percent.
Gold: The recent oil price of gold has become a dominant force. Oil rising 4 percent, coupled with the support of the weak dollar, making the fourth day of Huang Jin Liansheng, and from yesterday%26#39;s 926.8 U.S. dollars has risen to 947.9 U.S. dollars, although after some pullback, but rose again each Oz 949.5 U.S. dollars level.

Sterling / yen lowered on the 30th MA continuation of the recent rebound in Hengpan finishing

This time, sterling / yen since early low of 210.23 continued to rebound, the dollar rose to around 211.40.
Sterling / dollar broke through the 1.9900 Friday rounded juncture, more than one week a record high of 1.9958. Straight-driven by the strong trend of cross-currency higher. At the same time, despite all U.S. stocks tumbled Friday, but after the Dow decline stabilize, easing the pressure on the sets of income trading positions, also supported the dollar up.
Japan%26#39;s recent economic data showed that Japan%26#39;s economic growth continued to shrink and weaken the line of rate hikes expected. In view of inflationary pressures continue to rise, the Bank of England over a period of time will remain relatively strong monetary policy unchanged, the British pound against the Japanese yen occupy significant rate advantage, thus benefit more pounds.
Give me a message, analysts said the map shows, sterling / yen Friday lowered average strength on the 30th pulled up and down that short-term limited space. But early high of 213.90 subject to the repression, the greenback failed to move up further, the basic short-term continuation of the recent focus on finishing the MA system setup, 5,10 and 20-day MA lateral adhesion.
-- 02:56, sterling / dollar at 211.67/75.

This week: the weakening dollar again on the euroready

This week, as countries not very important data, the international foreign exchange market is calm, the overall currency fluctuations within a narrow range. Dollars due to the financial markets came a loss of suppressing information, not only failed to extend last week%26#39;s gains, but in the middle of pre-range weakening again. As of 17:00 yesterday, the dollar index at 72.54, with the closing price last Friday compared to 72.71, down 0.23 percent. The euro was at 1.5782 against the dollar, five closed last week rose 0.5 percent. Other currencies, the dollar against the yen was hovering around 107 in the pound against the dollar at 1.9767 dollar against the Canadian dollar fell to 1.0110; Australian dollar against the U.S. dollar at 0.9620.
This week, the U.S. financial markets once again came bad news: the two largest U.S. mortgage institutions - Fannie Mae and mortgage financing of the United States hard, the second-largest U.S. investment bank Morgan Stanley announced second-quarter write-down of assets 9000000000 Dollars. These news shows: U.S. financial markets are still unhealthy, to bring pressure on the dollar. Moreover, although international oil prices have eased substantially the first half weeks, but this week four night again jumped to 141 U.S. dollars substantially / barrels at the top, to show that oil prices at a medium-term reversal of the trend, but also to bring pressure on the dollar.
The euro, the third this week, the European Central Bank President Jean-Claude Trichet said that high energy and food prices are brought to the wider euro zone inflation pressures, re-ignite the market expected rate hikes to bring the euro Support.
However, after rising for six years, at present, the euro has been at a historical high, and further substantial rise also a lack of motivation, and in the long Xiongtu after, the dollar is showing its safety. Many foreign exchange analysts expect the next few months despite the euro / dollar is expected to again break through 1.60 mark, but as signs of slowing economic growth gradually apparent, is expected to euro / dollar at the end of this year or next year or before falling back to 1.45.
Forecast for next week, next week, both the United States or the euro zone, will have a series of critical analysis of the macroeconomic situation of economic data published, the United States, the euro zone will be released to reflect the level of inflation and the consumer price index to reflect economic growth Industrial output. In the current U.S. dollar against major currencies in a narrow range of fluctuation of the stalemate situation, it is estimated that the market will use a series of data re-expected interest rate speculation.
Construction Bank (601,939, stock it), Guangdong Branch of foreign exchange analyst for the people of Deng Xiaoping said that the current loan-to-view, the impact of the crisis is far from over, any negative news to all violence against the U.S. dollar negative, but the economic fundamentals Not optimistic about the circumstances, the Federal Reserve%26#39;s expected interest rate increase will be weakened, short-term view of the probability of larger dollar. If oil prices do not down, the dollar will remain weak, the euro is expected to re-record high.
Euro / dollar stop-loss at: 1.542-goal: 1.6
The euro against the U.S. dollar to operate based on short-term. The euro will remain strong short-term, is expected on the 1.60-and reaching record highs.
Dollar / yen stops at: 109.2-goal: 105.6
Short-term high against the Japanese yen can throw Dixi operation, in the vicinity of 109 yen to buy, in the vicinity of 105 thrown out. Qingcang centerline investors can buy the yen. (FANG Li-ping)

Asia City on the 11th after the yen lower against the dollar

Due to investors outside Japan%26#39;s Nikkei Index fell to respond, Asia City on the 11th morning, the dollar against the yen lower. -- As of 11:37, the dollar was at 106.98 yen.
JP Morgan Chase said that the U.S. dollar against the yen%26#39;s recent failure to strong steady, suggesting that the exchange rate will soon fall back into decline, the banking industry if the United States-than-expected earnings reports, and pushed U.S. stocks lower, dollar against the yen on the 14th when will face great Downside risks. U.S. stock market is still very unstable, Wachovia, Lehman, and other companies still continued decline in the stock. In addition, the U.S. real interest rates decline because of rising inflation.
The United States, according to well-known overseas financial media survey showed that the impact of tax rebate after the end of the fourth quarter U.S. economic growth may be slowing down to the lowest level for six years, the unemployment rate at the end of the year may rise to 5.8 percent, at the same time as consumers Confidence will continue to decline, the Federal Reserve raising interest rates may need to defer to 2009. Survey hinted that the United States at the end of 2008 the unemployment rate from the current 5.5% to 5.8%, employment in the United States in June fell for the first six months of this year, employment has been reduced so far 438,000 people. Economists also predicted that the United States next year%26#39;s weak economic growth will rebound in overall economic growth in 2009 from 2008%26#39;s 1.5 percent rise to 1.7 percent.
Japan, the Japanese Minister of Economy and Finance Daejeon Hongzai Friday said that although Japan%26#39;s economic growth stagnated, but the economy is not recession. Daejeon Hongzi at a press conference that we have seen weakness in the economy, such as consumer confidence, but I think the economy has not a recession. When asked on the part of the ruling party policy makers called on the Government to take measures to stimulate economic views, Daejeon Hongzi made the above statement.
From the disk, on the 10th, because the U.S. has once again reported assets of financial enterprises need to make provision for, rekindle investors in the credit market concerns, information support from 107.43 yen rose to 106.71 low level. Investors because of the geopolitical situation in a state of tension, coupled with global stock market performance was still repeated, there will be propelled the yen higher, at 107.50 yen level is expected to have greater support.
Comprehensive view of the dollar against other currencies because of interest rate differentials and the disadvantage is fragile, and if the financial industry continued worries, the Fed%26#39;s rate hikes may not be expected to heat up. Federal Reserve Chairman Ben Bernanke and Treasury Paulson said Thursday in Congress, they are making every efforts to restore stability in financial markets, this conversation some relief credit concerns. But in the main financial institutions announced the eve of earnings, investors are reluctant to buy dollars. The dealer said that if the financial industry reported more bad news may trigger further dollar selling.

British pound 1.9850 key resistance still exist, Feng Gao mainly short ideas

Recalling the trend:
Sterling / dollar in the short-term access along the whereabouts of running false breakthroughs, but the general trend of short kinetic energy, evening the North American market decreased by half to recover. On the line on the graph line K-down Yinxian, the greenback in early downward pressure on the location of access to support and maintain the 144-day MA below the pressure adjustment, pound sterling at the bottom of the mid-range consolidation pattern has not yet ended, MA system based on the intensity of concern, while below Continue to maintain the mid-bottomed rhythm.
Short-term direction of the day: shock finishing weak support: strong support 1.9710: 1.9650 weak resistance: 1.9850 strong resistance: 1.9940
Trend Analysis:
Graphics on the hour from the analysis, sterling%26#39;s short-term movements in the access of a false position along the breakthrough against the resistance to the whereabouts of operation, the flag-pound large-relay shape, and has short-term exchange rate has not been a straight line running below the whereabouts of the channel To continue along the trend of low innovation. The current short-term movements remained within the narrow range of finishing in the channel, based on primary and secondary rhythms of small-level, short-term there is still another test channel along the upstream opportunities, the key short-term resistance at 1.9850 position to break through the pound is expected to resume short-term gains Otherwise, sterling short-term downward trend will remain empty, Feng Gao short of the main ideas.
The recent operation, the center line interval as a guide to thinking short-term downward 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 1.9650, target: 1.9830
Kongcang a pound of investors, will be set up in the stop-loss 1.9860, target: 1.9620
Kongcang:
Mainly wait-and-see.

£ consolidation waiting for the breakthrough

Sterling / dollar from today (July 11, 2008), one hour plans, the British pound against the U.S. dollar supported by the rebound, pressure breakthrough red line, upward breakthrough possible. Brin brought from, with a smooth Brin, the British pound in the consolidation of the rail, waiting for the breakthrough goal 168.50. KDJ-up, nearly 80 overbought region, it is possible pullback after Shanggong. MACD for some time that the District can be seen in the trend, mainly to bullish. Conservative who can be in orbit above the Guadan buy. Plot into a timely manner can buy part of the breakthrough in the track after Jiacang.
Disclaimer:
The information in this report are derived from publicly available information, accurate and reliable to shift investment, but the accuracy of such information makes no assurance that this investment is at your own risk. The report does not constitute a personal investment recommendations, and no special consideration to individual customers of the investment objectives, financial situation of living needs of clients should be considered in this report any comments or suggestions are in line with their specific conditions. Without a red shift of investment license, any quote, reproduced and transmitted to a third party may act liability.

Gold Rush international financial exchange market briefing (0711)

First, the global financial markets yesterday%26#39;s closing prices index closed Change China%26#39;s Shanghai Index 2875.45 -45.10
Nikkei Index 13067.21 +15.08
The Hang Seng Index 21821.78 +15.87
The Dow Jones Index 11229.02 +81.58
The Nasdaq composite index 2257.85 +22.96
S %26amp; P 500 1253.39 +8.70
Germany%26#39;s DAX index 6305.00 -81.46
Second, Europe and the United States stock market Summary of U.S. stocks, closed up Thursday, Alcoa and other commodity stocks higher. Volatile market throughout the day. European stock markets, closed down Thursday, food and construction stocks lower in Carrefour and Wienerberger issued a pessimistic report after the performance, analysts have lowered expectations of both categories of shares.
U.S. stock market, the Dow Jones industrial average rose 81.58 points to 11229.02 points, or 0.73 percent. The Standard %26amp; Poor%26#39;s 500 index rose 8.71 points to 1253.39 points, or 0.7 percent. The Nasdaq composite index rose 22.96 points to 2257.85 points, or 1.03 percent. European markets, Germany%26#39;s DAX index fell 1.3 percent to 6305.00 points. France%26#39;s CAC-40 index fell 2.5 percent to 4,231.56 points. Britain%26#39;s FTSE 100 index fell 2.2 percent, to 5,406.80 points.
Third, gold Energy New York Mercantile Exchange (NYMEX) crude oil futures closed sharply higher Thursday, tight global oil supply in Nigeria and the growing escalation of the conflict to oil dealers to have the market to buy crude oil. NYMEX08 in August NYMEX crude oil futures settled up 5.60 U.S. dollars to 141.65 U.S. dollars a barrel, or 4 percent.
The New York Mercantile Exchange (COMEX) gold Thursday in homeopathy buying under rising crude oil prices rose, the dollar fell, the U.S. mortgage market worries and stock market fluctuations and other factors appeared to hedge buying. COMEX08, August gold rose 13.40 U.S. dollars to 942 U.S. dollars an ounce.
Fourth, the international foreign exchange markets of New York trading, the dollar against the euro late Thursday fell, before the U.S. Federal Reserve Chairman Ben Bernanke warned that the ongoing financial turmoil. In the foreign exchange market due to scarcity of data and a period of quiet time, Bernanke%26#39;s speech to the dollar from the overnight high of decline. Lehman Brothers said that the current momentum of the market risk aversion is still Sheng, from the dollar after selling was reflected. The Minister of Finance Paulson and Bernanke at the House of Representatives Financial Services Committee hearing, the euro in New York City before the transaction to a week high of 1.5803 U.S. dollars. Governor of the Reserve Bank of San Francisco, Janet Yellen%26#39;s speech on Thursday to lead the market worries to support the euro. She said that the real estate market slide, financial market volatility and rising commodity prices is of utmost concern to Fed officials, these factors have made policy makers face considerable challenges. However, in late trading, the U.S. stock market rebound, the dollar recovered against the yen also lost ground before the city. Bernanke said Thursday that the ongoing financial turmoil, the market should make efforts to help restore normality. Bernanke%26#39;s remarks exceeded market expectations, causing pressure on the dollar. Oil prices rise also pushed the euro higher against the dollar and broke through the key technical levels. 1.5760 U.S. dollars is a very important regional level. To pay more attention to the market is the United States rather than the negative economic news in Europe, and particularly in the U.S. financial industry the most concern. U.S. Treasury Secretary Paulson on Thursday when testifying before easing some market concerns, he stressed that he supported the mortgage financing institutions Federal National Mortgage Association and the Federal Housing Loan Mortgage Corporation. This two shares prices have dropped to 16 this week lows. Paulson also reiterated his long-standing position that a strong dollar in line with U.S. economic interests. He pointed out that the price of crude oil by supply and demand factors. In the United States announced last week the first time jobless claims data, the dollar briefly in early trading gains. U.S. initial jobless claims last week set the number of the past three years, the biggest drop. However, the United States, a Labor Department analyst warned that this decline will not easily interpreted as economic prospects appear better. He said that the auto industry and other manufacturing layoffs of seasonal effects, the labour market early July the seasonally adjusted data will face the adverse effects of the data next week may be increased. Other areas, the Bank of England Thursday to leave interest rates unchanged at 5%. This decision in line with market expectations, but market watchers said, the central bank will soon be cut. As a negative news is that lending institutions HBOS PLC announced that the British real estate prices in June were recorded in the 15 or so largest annual decline. Shanghai foreign exchange market, the U.S. dollar against RMB yuan Thursday declined substantially, and promote the reform after the yuan rose to new highs. Inquiry on the market, the dollar closed at 6.8428 yuan, Wednesday to close at 6.8570 yuan. 6.8420-6.8492 range for the yuan and 6.8492 yuan to the lowest level since changed. In foreign exchange dealers said that the RMB exchange rate in a tight range for more than two weeks after the rally will be back, but the appreciation rate will be lower than last month%26#39;s level.
Euro / dollar (EUR / USD)
1.5700/1.5600 support, the resistance 1.5900/1.6000
Sterling / dollar (GBP / USD)
1.9700/1.9600 support, the resistance 1.9900/2.0000
U.S. dollars / CHF (USD / CHF)
1.0200/1.0100 support, the resistance 1.0400/1.0500
Dollar / yen (USD / JPY)
106.00/105.00 support, the resistance 108.00/109.00
Aussie / dollar (AUD / USD)
0.9500/0.9400 support, the resistance 0.9700/0.9800
Dollar / Canadian dollar (USD / CAD)
1.0000/0.9900 support, the resistance 1.0200/1.0300
5, important data today 12:30 Japanese May industrial production (on rates) 2.90% impact ★
12:30 Japan%26#39;s May industrial production (annualized) 1.20% impact ★
12:30 Japan%26#39;s May capacity utilization index 101.9
12:30 Japan%26#39;s May inventory correction value (on rates) -0.50%
12:30 Japan May shipment revised (on rates) 2.10%
12:30 Japanese stocks in May than a revised shipping (on rates) -0.20%
12:30 Japan in May for use of equipment (on rates) -0.70%
13:00 Japan%26#39;s June consumer confidence index 33.9
18:00 OECD 5月G7 leading indicator 97.6
18:00 OECD 5月the euro zone leading indicator 96.3
18:00 OECD 5月composite leading index 97.9
19:00 Canada June unemployment rate 6.10 percent impact ★
19:00 Canada in June the number of changes in employment (10,000 persons) 0.84
20:30 Canada May trade balance (billion yuan) 51
20:30 Canada in May new home price index (on rates) 0.00%
20:30 U.S. May trade balance (100 million U.S. dollars) -609 impact ★ ★
20:30 U.S. May imports (100 million U.S. dollars) 2164.5
20:30 U.S. May exports (100 million U.S. dollars) 1555.5
20:30 U.S. June import price index 2.30 percent
20:30 U.S. June export price index 0.30 percent
21:55 U.S. July University of Michigan consumer confidence index 56.4 impact ★ ★ ★
21:55 U.S. July University of Michigan%26#39;s consumer expectations index 49.2
21:55 U.S. July University of Michigan consumer present situation index 67.6
6, the important financial and economic events in Indonesia today the seventh Asia-Europe summit meeting of economic ministers held (to 12)
00:00 Washington the White House Council of Economic Advisers Chairman of La Zeer 02:30 gave a speech in Washington the United States responsible for international tax affairs of Deputy Assistant Secretary of State Michael Mundaca on the outstanding tax provisions of the testimony presented 1:45 Germany European Central Bank President Jean-Claude Trichet Participate in the Decade of the euro: the euro%26#39;s history and current situation of activities celebrations 03:30 Portland San Francisco Fed President Yellen gave a speech 07:00 Minnesota, the U.S. Treasury Department special envoy for China Holme on The United States Minnesota -- China and cooperative relations delivered a speech Disclaimer: The above analysis for reference purposes only and does not constitute intervention recommendations. Exchange investment risks, prudent decision-making!

July 11 monetary analysis and prediction

Euro / dollar: Thursday dollars due to falling oil prices rose, but the loan-to-worry about the crisis or narrowed, Affected by this, the euro fell to stabilize around 1.57 rebound. Referring to three hours in the gold chart, the latest in a finger up Signal, reflecting the rebound in the exchange rate shocks and recover the occupied land, the overall momentum up again increased, the current exchange rate of 1.58 in the vicinity of the main adjustment to a narrow range, the euro is expected pullback today after the event is expected to support shocks rise.
Operation recommendations: with gold that signal (1) to consider the effective exchange rate of 1.58 breakthrough, may consider doing more short-term, stop-loss at 1.5770, target 1.5830/1.5860.
(2) pullback to 1.5730 dollar firm signs may consider doing a small amount of short-term, stop-loss at 1.57 near the target 1.5760/1.5790.
Sterling / dollar: 1.9840 yesterday to move up the blocked down, Diechuan 1.98 after the decline further expanded, slightly concussion late rebound. This morning, the greenback rose slightly. Referring to three hours for gold in the plans, as a finger upward and downward triangle signals, reflecting Callback support the greenback after the event, the overall trend in the strong side, the current exchange rate of 1.9750 encountered in the narrow range of short-term support to the main shocks, is expected today pounds pullback met the higher support a greater chance of concussion.
Operation recommendations: with gold that signal (1) to consider the effective exchange rate of 1.98 breakthrough, 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 1.9730 to the greenback callback firm, may consider multi short-term, stop-loss 1.9700, objective look at the 1.9760/1.9790.
Dollar / yen: the greenback rebounded to pre-high blocked down, down sharply from late to find support near 106.80. Greenback this morning, finishing in a narrow range around 107. Referring to three hours in the gold chart, the latest signal the emergence of a finger downward, reflecting Dollar / yen taking the day before or after the desire to have slowed down the overall uplink, the dollar fell further temporary disruption, if investors failed to stand firm on the 107, then the city is expected to further decline in a greater chance of concussion.
Operation recommendations: with gold that signal (1) to consider the greenback fell to 107, could be considered for short-term selling, stop-loss control in the vicinity of 107.30, the goal to look at 106.70/106.40.
(2) to consider the greenback rebounded to 107.60 near blocked, could consider selling to do short-term, stop-loss 107.90, the goal to look at 107.30/107.00.
Aussie / dollar: Australian dollar pullback case of support rose to 0.96 shocks on the run, from late last touch to the highest 0.9641. Greenback this morning, slightly up. Referring to three hours in the gold chart, as a signal fingers upward, reflecting the Australian dollar Early surge to high, the overall desire to enhance the uplink, the current exchange rate correction to a narrow range around 0.96 adjustment based, is expected to support its case today pullback after the shocks rose a greater chance.
Operation recommendations: with gold that signal (1) to consider the greenback firm to 0.96, could do more to consider short-term, stop-loss control in the vicinity of 0.9570, objective look at the 0.9630/0.9660.
(2) pullback to 0.9530 dollar firm signs may consider doing a small amount of short-term, stop-loss control in the vicinity of 0.9500, objective look at the 0.9560/0.9590.
Dollar / Canadian dollar: weak rebound in the greenback fell again shock to find support, further to late hovering near 1.01. This morning, the greenback fell. Referring to three hours for gold in the plans, the latest signal the emergence of a finger downward, reflecting a substantial return to the greenback under pressure Backward, the overall trend tends to weakness in the current exchange rate of 1.01 narrow range near the main trend of shocks, weak movements, is expected to rebound today blocked the decrease in higher risk.
Operation recommendations: that signal with gold
(1) to consider Diechuan effective exchange rate of 1.01, could be considered for short-term selling, stop-loss control in the vicinity of 1.0130, objective look at the 1.0070/1.0040.
(2) the greenback rebounded to 1.0160 signs of disruption, may consider selling a small amount of short-term, stop-loss control at 1.0190, objectives to look at 1.0130/1.0100.
Dollar / Swiss franc: the greenback rebounded to pre-blocked high drop further to 1.0260 late to find the vicinity of support. This morning, the greenback in a narrow range around 1.0250 adjustments. Referring to three hours in the gold chart, the latest in an unspecified down Finger signals, reflecting the greenback in early highs have greater resistance, the overall trend has Quruo, the current exchange rate adjustment based on the narrow range of 1.0270 and further down temporarily blocked, then the city is expected to decrease the risk of more shocks.
Operation recommendations: with gold that signal (1) Diechuan effective exchange rate of 1.0260, could be considered to sell a small amount of short-term, stop-loss 1.0300, objective look at the 1.0230/1.0200.
(2) to consider rebounded to 1.03 blocked signs, could be considered for short-term selling, stop-loss control in the vicinity of 1.0330, objective look at the 1.0270/1.0240.
Note: The above gold that the light signals are plans for gold means three hours real-time signal

The dollar against the euro fell jittery market sentiment

Late New York trading Thursday down the dollar against the euro, before the U.S. Federal Reserve Board (Federal Reserve, referred to Fed) Chairman Ben Bernanke (Ben Bernanke) warned that the ongoing financial turmoil.
In the foreign exchange market due to scarcity of data and a period of quiet time, Bernanke%26#39;s speech to the dollar from the overnight high of decline.
Lehman Brothers (Lehman Brothers) in New York, the Department of G10 foreign exchange strategy for Steven Englander said that the current momentum of the market risk aversion is still Sheng, from the dollar after selling was reflected.
Ben Bernanke and Treasury (Treasury) Minister Paulson (Henry Paulson) in the House of Representatives Financial Services Committee (House Financial Services Committee) to testify, the euro in New York City before the transaction to a week high of 1.5803 U.S. dollars.
Reserve Bank of San Francisco (San Francisco Fed) governor Janet Yellen%26#39;s speech on Thursday to lead the market worries to support the euro. She said that the real estate market slide, financial market volatility and rising commodity prices is of utmost concern to Fed officials, these factors have made policy makers face considerable challenges.
However, in late trading, the U.S. stock market rebound, the dollar recovered against the yen also lost ground before the city.
According to electronic trading system, from late New York trading Thursday, the euro at 1.5784 U.S. dollars, to 1.5738 U.S. dollars late Wednesday. Dollar at 107.05 yen, to 106.82 yen the day before yesterday, the euro was 169.00 yen, to 168.10 yen the day before. The pound was 1.9774 U.S. dollars, the day before yesterday to 1.9805 U.S. dollars, the dollar was 1.0276 Swiss francs, 1.0289 Swiss francs late Wednesday.
Bernanke said Thursday that the ongoing financial turmoil, the market should make efforts to help restore normality.
Exchange, analysts said Bernanke%26#39;s remarks exceeded market expectations, causing pressure on the dollar.
Oil prices rise also pushed the euro higher against the dollar and broke through the key technical levels.
Currency strategist at Forex.com said Brian Dolan, 1.5760 U.S. dollars is a very important regional level.
To pay more attention to the market is the United States rather than the negative economic news in Europe, and particularly in the U.S. financial industry the most concern.
U.S. Treasury Secretary Paulson on Thursday when testifying before easing some market concerns, he stressed that he supported the mortgage financing institutions Federal National Mortgage Association (Fannie Mae, referred to: Fannie Mae) and Federal Housing Loan Mortgage Corporation ( Freddie Mac). This two shares prices have dropped to 16 this week lows.
Paulson also reiterated his long-standing position that a strong dollar in line with U.S. economic interests. He pointed out that the price of crude oil by supply and demand factors.
In the United States announced last week the first time jobless claims data, the dollar briefly in early trading gains.
U.S. initial jobless claims last week set the number of the past three years, the biggest drop. However, the U.S. Department of Labor (Labor Department) one analyst warned that this decline will not easily be interpreted as economic prospects appear better. He said that the auto industry and other manufacturing layoffs of seasonal effects, the labour market early July the seasonally adjusted data will face the adverse effects of the data next week may be increased.
Other areas, the Bank of England (Bank of England) Thursday to leave interest rates unchanged at 5%. This decision in line with market expectations, but market watchers said, the central bank will soon be cut. As a negative news is that lending institutions HBOS PLC announced that the British real estate prices in June were recorded in the 15 or so largest annual decline.
Shanghai foreign exchange market, the U.S. dollar against RMB yuan Thursday declined substantially, and promote the reform after the yuan rose to new highs. Inquiry on the market, the dollar closed at 6.8428 yuan, Wednesday to close at 6.8570 yuan. 6.8420-6.8492 range for the yuan and 6.8492 yuan to the lowest level since changed.
In foreign exchange dealers said that the RMB exchange rate in a tight range for more than two weeks after the rally will be back, but the appreciation rate will be lower than last month%26#39;s level.

Gold prices rebound in U.S. dollars fell all

Thursday, the European Central Bank President Jean-Claude Trichet issued tough speech, the consolidation of the euro bullish investors on the European Central Bank will maintain the hard-line stance of monetary policy expectations, interest rate advantage once again support the euro rose. In addition, the large U.S. mortgage financing agencies Fannie Mae and Freddie Mac%26#39;s stock fell to 17-year lows, investors also aggravated the crisis of the credit will continue to expand the concern, echoed gold and crude oil prices in Thursday%26#39;s Both of the gains and concerted efforts to promote the overall dollar fell. Bank of England announced as scheduled to maintain the current 5.0 percent interest rates unchanged, but the annual rate of inflation has risen to 3.3 percent, to the Bank of England independence in 1997 was the highest level since, in the face of the housing market downturn and the contraction of economic activity, the Bank of England no good On the. Recent market was up or Change, complex disorder, or because the nonlinear nature of the reasons for finishing the nature of the market due to a number of varieties of this month window of time, the cost of long entangled in the short, medium-term direction of great probability is closing this month , The market faces breakthrough in wide choice of shocks.
Euro against the dollar: not completely out of the box before adjusting the pattern, the euro still can not arbitrarily set the medium-term direction, but short of the cost of long rise upward force of concern. Short-term resistance 1.5915, 1.5655 support today in this range within the scope of the U.S. dollar against the yen: horizontal pull rebound after finishing, still unable to break through support at the bottom of the rise from the original was a breakdown after the original support of the anti-pressure, this week Close comparison key. Short-term resistance 108.05, 105.75 support, today range in the scope of the AUD against the U.S. dollar: Africa and the United States early in the currency against the U.S. dollar rose the most varieties, this week at 0.9660 at the top of a double-headed, face and test again. Short-term support of 0.9475, 0.9666 resistance today in this range Niubi within the scope of the dollar: Africa and the United States the most vulnerable species in the species, down-pressure line moved to 77.20 near the low double bottom on the rebound is expected to continue. Short-term resistance 0.7690, 0.7475 support today in this range within the scope of the U.S. dollar against Canadian currency: the species so far has been from the beginning of this 0.9700-1.0400 Box 700 points finishing in shock, totally independent movement, the focus of concern on both sides of the box Support resistance, not a small market once the breakthrough. Today, trading 1.0000-1.017