The euro against the dollar in the shortterm fluctuations between 1.5780 to 1.5950

According to Bank of Dafeng July 17 news, the euro against the U.S. dollar weakening trend on the 16th. New York time, the United States announced the June consumer price index was far better than market expectations, with U.S. crude and gasoline inventories increased the decline in New York, oil was more than five U.S. dollars, the dollar all news rebound high of 1.5948 to the euro from radical Fell to 1.5802 low.
Investors, as the U.S. economic outlook into an uncertain situation, coupled with repeated performance of commodity prices, will be about the dollar, the euro is expected in the short-term fluctuations between 1.5780-1.5950.
Resistance at 1.5880 1.5950
Support at 1.5760 1.5700

British pound against the dollar will still be volatile situation was repeated

According to Bank of Dafeng July 17 news, the British pound against the dollar on the 16th repeated weakness, the European sessions, the United Kingdom announced in June to apply for unemployment benefits rose higher than the market expected, dragging the British pound against the dollar quite decline of the U.S. dollar benefit from the U.S. stocks dropped and oil prices stabilized, the pound was as low as 1.9959 level.
At present, the market still doubts the U.S. financial system, I believe that the U.S. housing data tonight will be the focus of the market, is expected before the publication of the relevant data, the British pound against the dollar will still be repeated in a volatile situation 1.9900-2.0080.
Resistance at 2.0070 2.0140
Support at 1.9950 1.9900

U.S. dollar against the renminbi is expected to rebound

U.S. dollar against the renminbi is expected to rebound on the 17th, following the U.S. dollar against major currencies on the 16th of the rally, the exchange rate of 6.8200 yuan, or breakthrough, on the 16th to close at 6.8113 yuan.
Dealers said that unless China June CPI increase far exceeded market expectations of 7.1 percent, or U.S. dollars is expected to close higher on the 17th. China%26#39;s second-quarter economic data (GDP) - will be announced 10:00. Dealers added that, taking into account the recent RMB against the U.S. dollar even a record, the RMB is the time to pause the rest.

Euro / dollar in Asia is expected to below 1.5800

Australia-New Zealand Bank (ANZ) senior dealer Alex Sinton said that the euro / dollar in Asia is expected to further weaken, the dollar may depend on the market performance of China%26#39;s GDP data on the response.
He said that he would like to have some investors will seek regional buying 1.5800 euro / dollar with the opportunity to give the greenback some support. But he thought the dollar could strengthen further, the euro fell below the level of support there.
He pointed out that the overnight U.S. Federal Reserve Chairman Ben Bernanke%26#39;s remarks on intervention in foreign exchange markets to support the dollar.
He predicted that the euro / dollar more support at 1.5723, 1.5760 in the near lows there may be buying opportunities at the top of resistance is seen at 1.5865.
As of press time euro / dollar at 1.5845.

New York City on the 16th Australian dollar fell sharply below 0.9800

New York City on the 16th, because commodity prices fall bearish Australian dollar, Australian dollar lower shocks, the greenback continued to expand in decline below 0.9800. -- As of 6:45, the Australian dollar against the U.S. dollar at 0.9739/42, up 0.03 percent. ,
Australia Wednesday May Westpac leading index increased by an annual rate equivalent to 2.1 percent, weaker than April%26#39;s 2.6 percent, suggesting that the next 3-9 months, Australia%26#39;s economic growth may be slowing down. Over the same period coincident index increased by an annual rate equivalent to 3 percent. Australian central bank governor Stevens said that because of demand shows signs of slowing down, the Australian central bank expected inflation would be likely in mid-2010 before falling back to 3%, CPI in the beginning before the fall may be further accelerated. These remarks and the Australian central bank announced yesterday the Governing Council in July agreed minutes of the meeting means that the Australian central bank has no intention of short-term rate cut. But the Australian dollar higher level of interest rates has made its own exporters suffering, the Australian National Association of Agricultural Economists McElhone said that the strong Australian dollar will affect the international competitiveness of Australian exports, and Australia welcomes the Australian agricultural sector do not appreciate.
North America early release of the U.S. June consumer price index (CPI), or 1.1 percent, or 5.0 percent, higher than expected, or 0.7 percent, or 4.5 percent, the monthly increase in June 1982 the largest annual rate for 1991 In May to the highest on the core CPI rose 0.3 percent, or 2.4 percent, also higher than expected, or 0.2 percent, up 2.3 percent. Showing accompanied by a deepening financial crisis, weak employment and economic downside risks significantly, the U.S. inflationary pressures are being further intensified.
According to data show that real average weekly earnings in June fell 0.9 percent, or greater than the expected 0.3 percent, failed to show that real incomes and rising prices simultaneously, may further inhibit consumer spending. U.S. May net capital outflow of 2.5 billion U.S. dollars, far worse in April net inflow of 61.6 billion U.S. dollars, show that the loan-to-crisis and the devaluation pressure on the dollar assets, capital outflow is the United States. U.S. June industrial output, or 0.5 percent, better-than-expected flat growth for the July 07 to the most, 6 Capacity utilization for 79.9 percent, higher-than-expected 79.3 percent; manufacturing output rose in June 0.2 percent, better than May%26#39;s 0.1 percent decline. But the second quarter industrial output declined 3.1 percent, worse still in the first quarter increased by 0.5%. Inflation and the dollar strong industrial output data rose after the announcement of all.
U.S. consumer price index higher than expected, the market weakened after the Fed lowered interest rates twice this year will be the expected. Bernanke on the possible intervention of dollars of speech, while the Australian dollar triggered further selling. Bernanke also said that government-funded enterprise capital adequacy, without the risk of collapse. It also eased the market%26#39;s recent U.S. financial difficulties facing the industry worried.
Involvement in the dollar%26#39;s rally, with the gold Wednesday with oil prices down, spot gold Wednesday from 980.00 U.S. dollars / oz at the top continued to decline, once dropped to 958.00 U.S. dollars / oz the days low. This is also the Australian dollar formed a negative.
Technical level, Australian dollar against the U.S. dollar on Wednesday to a shadow of Yam, extending the record since Tuesday the 25-year high of 0.9848 since the fall trend. Shouwen the exchange rate in the five-day MA, MA system with a long, technical multi-beneficial. Short-term key support in the early high of 0.9650/70 range, if Shouwen at that level, the greenback is still possible further upward challenges high.
Appropriate attention will be announced Thursday the United States in June housing starts, building permits, the United States in June, the United States last week, initial jobless claims, the United States in July Philadelphia Fed manufacturing index.

U.S. dollar early on the 17th dropped to 30.340 yuan

Comprehensive foreign July 17 reported that the NT dollar dropped NT on the 17th morning 30.340 yuan, 16 NT dollar closed at 30.382 yuan, the exchange rate is low because Taiwan%26#39;s stock market gains (the latest was up 2.6 percent) led to foreign banks sell dollars Result. The exchange rate also follow the dollar decline against the yen.
Dealers said the flow of foreign equity funds led the current exchange rate movements, there is no other market participants involved in trading. NT dollar is expected to be lowered the rest of NT 30.320 yuan.

On the 17th major currencies support level and resistance prediction

Following is the BOC Hong Kong on July 17 major currencies support level and resistance prediction:
Monetary support of resistance against the U.S. dollar 1.5720 1.5790 Euro 1.5860 1.5910
Against the Japanese yen 104.20 104.70 105.60 106.00
British pound against the U.S. dollar 1.9880 1.9950 2.0030 2.0100
U.S. dollar against the Swiss franc 1.0060 1.0130 1.0220 1.0270
The Australian dollar 0.9650 0.9700 0.9780 0.9820
New Zealand yuan against the U.S. dollar 0.7620 0.7660 0.7740 0.7780
U.S. dollar against the Canadian dollar 0.9920 0.9970 1.0050 1.0090
The euro against the Japanese yen 165.00 165.60 166.90 167.80
The euro against the Swiss franc 1.6010 1.6050 1.6140 1.6170
The euro against the pound sterling 0.7860 0.7890 0.7940 0.7970
Australian dollar against the Japanese yen 101.00 101.80 102.90 103.70
Source: BOC Hong Kong

On the 17th the yuandollar exchange rate dropped 61 basis points

Five consecutive trading days after record high, the renminbi-dollar exchange rate rise, probably, a slight decline. From the China Foreign Exchange Trading Center to the latest data shows that on July 17 RMB yuan against the dollar at 6.8189, lower than the 61 basis points the previous day.
People%26#39;s Bank of China authorized foreign exchange trading center announced on July 17, 2008 the interbank foreign exchange market the dollar and other currencies for the price of the RMB exchange rate: one dollar for 6.8189 yuan, 1 euro 10.7957 yuan, 100 Yen to 6.4908 yuan, 1 Hong Kong dollar to 0.87434 yuan, 1 pound 13.6364 yuan.
The previous day, the RMB yuan to the dollar exchange rate was 6.8128.
Wednesday%26#39;s fifth-largest U.S. bank Wells Fargo announced quarterly earnings report, its second-quarter net income fell far less than the market had expected, to a certain extent, for U.S. investors to resolve the banking system operating concern at the state and formation of dollars to Vibration role. (Xinhua)

Euro / dollar: the international monetary market to go short the number increased

The last one hour, the international money market increased selling, short positions to 2-2.5 billion euros. U.S. Federal Reserve meeting minutes showed that when the market allowed when the Fed may increase interest rates, the market accident, prior to a survey shows that only a large-scale dealers expected the Fed may increase interest rates this year, three more before the fall. Traders said the current euro and the dollar 10-year difference in interest rates is about 47 points, to return to the level a year ago, when the euro / dollar sharply lower.
Another swap traders said the three-month bills yield spreads that the greenback may be down to 1.5400. But traders are still very cautious, because the exchange rate two days ago has recorded a record high.

Australian / New Zealand dollar: at the time lows

The current exchange rate at time low of 1.2624 nearby, before the greenback earlier this week delay in the bottom of 1.2800. Suppressing cross factors including some traders believe that Aussie / dollar at current levels may be overestimated, and may be revised to .9600 this week oil prices and other commodity prices fell by suppressing Australian dollar / dollar, then cross under pressure. Australian / New Zealand yuan next support at 1.2600/05, some dealers may also be that cross over the short term may be revised down to 1.2400.
However, the Australian and New Zealand on the current yuan rate differential, the cross is actually located near the fair value and that any decline may be limited.

Central American Bank for Economic Integration will launch the programme to strengthen food security

Central American Bank for Economic Integration on the 16th in the capital Tegucigalpa Honduras announced that the bank will launch the five Central American countries to strengthen food security plan.
Honduran President Sela Ya Aiketuoer Minister of Agriculture and representatives of five Central American countries accepted the transfer of the Central American Bank for Economic Integration to strengthen the food security plan. The plan includes a view of Central America, worth 300 million U.S. dollars of economic aid.
Central American Bank for Economic Integration hope that through the implementation of this project in Guatemala, Honduras, Nicaragua, El Salvador and Costa Rica in Central America between agriculture and animal husbandry emergency response mechanism, the further strengthening of the policy of the Central American agricultural and pastoral products protect and stimulate the base in the region Crop production growth.
Central American Bank for Economic Integration will also provide 10 million U.S. dollars Honduras special loans to alleviate the growing problem of domestic Hung food crisis. Survey shows that the Central American currently has about 35 million population lives below the poverty line, the region accounted for 50 percent of the total population.
Soaring international oil prices continue to lead the Central American countries based on crops, especially maize, beans and rice prices rose sharply, exacerbated the food shortage of the Central American countries the status quo. (Liu Xuan Xu Lei)

Vietnam to adopt a VietnameseChinese economic corridor development plan

According to the Vietnamese media reported on the 17th, in order to promote Vietnam to China, the European Union and other Southeast Asian countries to export, the Vietnamese government has adopted the establishment of China%26#39;s Guangxi to Vietnam from Lang Son, Hanoi, Haiphong and Quang Ninh economic corridor development plan.
Vietnamese Government will invest 1.4 billion U.S. dollars and 1.2 billion U.S. dollars to build the Hanoi - Lang Son highway and the Hanoi - coastal defense, Highway, and construction of coastal defense during the year in the county ditch deep-water port terminals. In addition, Vietnam will also open in the three border crossings, 13 border markets and some other intercity point and tourist centre.
Two corridors and one circle of the two countries by promoting regional economic cooperation both a strategic measures. Two corridors and one refers to Kunming to Hanoi, Nanning to Hanoi two to line the promenade at the core of the economy, Ring refers to China and Vietnam Beibu Gulf Rim economic circle. (Huang Hai-min)

Indonesia only 9% of workers have social security

Indonesia, International Daily News on the 17th quoted an authoritative source as saying that in Indonesia about 90 million workers, now only about 7.9 million workers with social insurance.
Indonesian President of the Association of labour welfare benefits and labour insurance company directors雷克森斯拉classes in a few days ago the Indonesian reform the social security system at a forum said that although the establishment of social security funds in Indonesia than in Malaysia early, but only 64 trillion shield (About 7 billion U.S. dollars), while Malaysia has reached 54.3 billion U.S. dollars. Therefore, in order to achieve half of Indonesian workers into the medium and long-term goal of social insurance, labour welfare insurance companies must improve efficiency so that the insurance system more transparent, strengthening trade unions, social security and labour cooperation between them.
At present, there are more than 95 percent of Indonesian workers in SMEs, the vast majority are not social insurance benefits. (Reporter of the ordinary)

Germany's hope to strengthen economic cooperation with Algeria

Algeria is visiting German Chancellor Angela Merkel said on the 16th, the German industrial enterprises to invest in Algeria have a keen interest.
Merkel day in Algeria organized by the German Chamber of Commerce and Industry gave a speech at the dinner, accompanied by her visit to the German entrepreneurs from the energy, infrastructure, military industries, medical research and services sectors, with specific cooperation projects , In Algeria to seek cooperation opportunities.
Merkel also called for Algeria and Germany to strengthen partnership. Speaking in the Mediterranean summit has just launched the Mediterranean Union, Merkel hope that the Mediterranean Union to promote the Barcelona process, to deepen the EU and the Mediterranean coast of cooperation among nations.
Merkel began to Algeria on the 16th for a two-day official visit. It is reported that her trip is aimed at strengthening cooperation between Germany and Algeria, and on the Mediterranean Union, counter-terrorism and illegal immigration and other issues and exchange views on the Afghan side. (Bin Zheng)

German June inflation rate in nearly 16year high

German Federal Statistical Office announced on the 16th to the figures, Germany in June inflation rate of 3.3 percent, since December 1992 a new high. This is also Germany this year alone, the inflation rate more than 3 percent the third time that the inflation situation is not optimistic.
Data showed that energy and food prices rose in June to become Germany%26#39;s main reason for high inflation rate. If excluding energy prices, inflation rate in June to 1.9 percent.
Data also showed that the month of Germany housing, water, electricity, gas and other commodity prices rose 30.8 percent, transport commodity prices rose 13.2 percent, food and beverage prices rose 10.4 percent. (Younger brother of Lu Xun%26#39;s new group)

The largest U.S. newspaper groupsquarter profit fell sharply

The largest U.S. newspaper group Gannett Company (Gannett) 16 published report said that due to difficulties facing newspapers, a sharp decline in turnover, in the second quarter the company earned a year earlier than a sharp drop 36 percent.
Gannett quarter corporate profits 233 million U.S. dollars, equivalent to 1.02 U.S. dollars per share a year earlier profit of 366 million U.S. dollars, or 1.56 dollars per share. Quarter earnings and Wall Street analysts expected the agreement.
The second quarter, Gannett Company turnover decreased by 10 percent to 1.72 billion U.S. dollars. Turnover fell publishing sector is the main reason for shrinking advertising business, including retail advertising decreased 8 percent, classified advertising decreased 19 percent. Gannett company%26#39;s largest newspaper USA Today ad-quarter reduction by 17%.
Because the U.S. newspaper industry faces rising paper prices and ad reduce the double threat, Gannett company%26#39;s weak performance is not surprising. Due to new media impact, coupled with the economic downturn, the United States the traditional newspaper advertising is significantly diminished. On the other hand, the paper suppliers to the reasons for the North American paper prices reduced demand in the unusual circumstances to rise rapidly.
Gannett%26#39;s stock on the 16th after hitting the lowest point in 21, then picked up to some extent. The company announced last month, due to shrinking market, will be about 2.5-3 billion U.S. dollars of assets write-down. In a press release issued on the 16th, write down the amount was adjusted to 2.6 to 2.9 billion U.S. dollars.

Bloomberg: the sharp decline in confidence in the global economy

Bloomberg news agency on the 16th issued by the survey results show that, as international oil prices hit record highs and the financial market turmoil intensified, July sharp decline in confidence in the global economy.
Bloomberg the professional preparation of the global confidence index shows that in July the index the past 21 months of sharp decline to 10.3 for last November, has started to compile the index%26#39;s lowest level since.
Bloomberg News noted that the recent international market oil prices continued to soar and to businesses and consumers have an impact. At the same time, rising oil prices lead to increased inflationary pressures will force central banks raise interest rates, global economic growth prospects should not be more optimistic. In addition, the U.S. recession in the housing market swallowed up by investors in the U.S. mortgage finance giants - Fannie Mae and premises of the United States and other financial institutions confidence in the financial market turmoil intensified.
By country and region, in July the U.S. economy confidence index fell to 16.1 from 8.8, the Asian index fell to 19.4 from July, the European regional index fell to 15.5 from 22.3.
Bloomberg News in July 7 to 11 conducted the survey, the result is on a global scale in the past 5,500 user feedback information derived from the finishing.

More than 60 percent of Germans pessimistic about the outlook for the economy

According to German public opinion FORSA Institute announced on the 16th of the survey data, nearly 63 percent of Germans pessimistic about the outlook for the economy, compared to the data published in 1997 the highest since.
According to statistics, the beginning of this year, 40 percent of Germans pessimistic about the outlook for the economy. With oil prices soaring food prices led to the substantial increase in inflationary pressures, the growing financial turmoil in the global economic slowdown and the impact on German economic prospects of their country%26#39;s increasingly optimistic, the survey only 14 percent of the German expressed optimism about the future. FORSA Institute of the data is passed on about 2,500 Germans conducted a questionnaire survey of the draw.
German think tank - the Hamburg Institute for International Economics, Chairman Thomas Telaohaer Oxfam believes that the United States, the loan-to-crisis will affect Europe and Asia%26#39;s economic growth. And the strong euro on exports will enable the German economy more difficult. He predicted next year the German economy may grow only about 1 percent. (Younger brother of Lu Xun%26#39;s new group)

U.S. June consumer price index rose by 1.1%

United States Department of Labor announced on the 16th of the data shows that in June U.S. consumer price index rose by 1.1 percent, in September 2005 increased by 1.3 percent, the biggest increase in 26 years is also the second largest increase.
Data show that in June U.S. consumer price index increased sharply mainly due to soaring energy prices. This month, energy prices rose 6.6 percent, gasoline prices rose 10.1 percent. June food prices rose 0.7 percent, vegetable prices rose 6.1 percent, for the past four years the biggest gain.
Excluding the monthly volatility of the larger energy and food, two major types of commodity prices, the core of the U.S. June consumer price index rose by 0.3 percent, since January this year, the largest increase.
Consumer price index measure of inflation is an important indicator. June consumer price index increased sharply up means that the U.S. inflation risks are significantly increased.
U.S. Federal Reserve Chairman Ben Bernanke last two days at Congressional hearings that the U.S. economy is still facing many difficulties, the economic downside risk and inflation risk up there at the same time, the Fed policy-making also encountered severe challenges. (Liu Hong)

U.S. June consumer prices or the highest for many years

United States Department of Labor released statistics show that on the 16th, because the prices of energy and food prices, the June CPI growth rate for the highest in 26 years than in May this year by 1.1 percentage points.
The report said, the United States in June this year the Consumer Price Index or 1.1 percent, far beyond the many experts expected 0.7 percent. Data shows that the United States in June the overall rate of inflation and core inflation rates are much higher than experts had expected. The consumer price index or a single month since June 1982 is the biggest increase, while the core rate of inflation this year is also the biggest increase since January.
Experts said that, excluding energy and food prices factors, U.S. core prices last month rose by only 0.3 percent. This can be seen, leading the United States in June this year CPI increase so there was the major reason for food and energy prices skyrocketing.
Data showed that the inflation factors, the United States, the average weekly wage workers actually fell 0.9 percent.
According to expert estimates, the Fed now it is very difficult to take strong action to reverse the situation. U.S. economy to improve in the near future the possibility of getting smaller and smaller. (Qiujiang Bo)

Twothirds of Germans are pessimistic about the economic prospects of a new decade high

German stock market has been down since the beginning of a quarter of the market, prices rose steadily, leading to the German people are pessimistic about the economic outlook, nearly two-thirds of the German people do bad economy, the proportion of 10 years to a new high.
According to the Central News Agency, German media quoted a poll released on the 16th, 63 percent of the German people see the future economy worse, only 14 percent optimistic, pessimistic about the proportion of record since 1997 A new high.
As the international financial market turbulence, Frankfurt%26#39;s DAX index fell below 6,000 points recently almost points; Total from the beginning of the year, DAX market value has evaporated in the quarter, reaching 250 billion euros.
Energy and food prices are rising influence, the German Federal Statistical Office announced on the 16th of June consumer price index over the same period last year, rose as high as 3.3 percent, down nearly 15-year high last month extension Rose 3 per cent of the trend.
The global economy is facing severe challenges this year, experts believe that the U.S. secondary mortgage market crisis caused by financial instability and high inflation rates, have a chance to ease until next year.
German Banks Association of Economists Hoffman said that the economy under the current multi-force to contain, in addition to the financial crisis and the weak U.S. economy, rising energy prices are also driven inflation.
He predicted that the financial crisis will continue for many months, the global economy during this period will clearly cooling, but 70 of the last century of stagnation inverted inflation outlook will not repeat itself.

British economic recession the number of unemployed in June 1927 to a record high

British economic recession, the impact of the job market. Britain%26#39;s National Bureau of Statistics reported that in June this year the number of applications for unemployment benefits increased 15,500, is the fifth straight month of increase, a total of 840,100 people, setting since 1992, 12 On the highest number since the single month.
According to Central News Agency on the 17th reported that the Bureau of Statistics noted that this year to May, the United Kingdom the number of unemployed people increased 12,000 to 1.62 million people. May and 9,000 were unemployed population from an upwardly revised 14,300 people.
In the second quarter of Britain%26#39;s unemployment rate was 5.2 percent, and the first quarter of the same. The number of unemployed persons increased for five consecutive months, since June 2006, the number of unemployed people continued to increase the long-term.
Secondary mortgage by the United States triggered the financial crisis, the United Kingdom from the influx of corporate layoffs financial institutions, extended to real estate, construction, retailers and small businesses, nearly two weeks to large-scale construction to the United Kingdom announced that the number of layoffs in recent 5,000 people have estimated that more enterprises will also follow-up staff reductions.
Economists warned that next year the number of unemployed will be increased, the credit crunch facing the crisis, high inflation rate of the British families, will result in more serious economic difficulties.
Responsible for the employment policies of the Deputy Minister of embankment James admits that the number of applications for unemployment benefits increased indeed cause for concern, the central government and local governments are actively cooperate with and assist the unemployed to return to the job market as soon as possible.

The loantocrisis impact on the fourth wave of global financial markets

Recently, two major U.S. mortgage finance institutions Fannie Mae and premises of the United States in trouble. Analysts believe that the result of the loan-to-crisis entered a more volatile phase. Review the past year, loan-to-crisis development process, can be said that the market has felt the impact of four-wave, and from the initial crisis has been the loan-to-field, to the entire financial markets and the spread of U.S. economic fundamentals. Impact of the first wave began in July and August of last year. At that time, the beginning of the crisis on show, with a large number of sub-mortgage-related financial institutions have bankruptcy, the U.S. Federal Reserve Board forced into the rate cut cycle. Second wave is the end of last year until early this year, Citigroup, Merrill Lynch, UBS, such as the world%26#39;s leading financial institutions because of a huge sub-loan losses, market liquidity pressure on the upsurge, the Federal Reserve Bank and some Western countries to joint intervention is the third wave in March this year, the fifth largest U.S. investment bank Lubbers Deng brink of bankruptcy, forcing the Fed to an emergency capital injection, and to substantially cut 75 basis points. Currently, Fannie and premises of the United States in trouble, its stock price last week was chopped waist, shows that the fourth wave of the loan-to-the arrival of the crisis. In accordance with the definition of Wall Street, New York stock market has three major indexes fell into a comprehensive bear market. The United States and the world%26#39;s major financial markets, Fannie Mae and premises of the two major U.S. mortgage institutions because of the U.S. government to support the background, the two major mortgage institutions of the debtor in many foreign central banks and large banks. So once the closure of two major institutions, not only the U.S. housing and financial markets will suffer a heavy blow, the world%26#39;s financial system will also be affected. Although the U.S. government, Fannie and premises of the United States have said that the two major mortgage institutions capital adequacy, and greatly exceeding the required standards, but the two institutions were still selling the stock. This indicates that the current confidence in financial markets and seriously inadequate. In fact, the U.S. Treasury and Federal Reserve mortgage relief agencies of the two initiatives is also a greater confidence in the rescue. Wall Street Journal there are comments that the U.S. government want to rebuild market confidence of the two institutions, thus can eventually be no need to intervene. From a macro point of view, some economists believe that the U.S. economy the worst may be yet to come when, with the financial crisis to the economic fundamentals continue to expand, in the fourth quarter of the U.S. economy will be negative growth. But given the U.S. government has recently taken a series of measures to stimulate economic growth, the International Monetary Fund believes that the crisis is unlikely to overall deterioration. If the U.S. Government%26#39;s initiative followed properly, the U.S. economy through a difficult period this year, next year will be the turn for the better, while the U.S. financial markets will also slow recovery. (Liu Hong)

U.S. June CPI yearonyear increase of the Year 17

According to U.S. Labor Department Wednesday reported that the U.S. June consumer price index (CPI) increase in the ring hit the highest since 1982, as gasoline prices continue to rise.
Data show that over the previous June CPI rose 1.1 percent, set in June 1982, the highest since the ring growth and much higher than the 0.7 percent analysts expected. June CPI rose 5.0 percent, setting the highest since 1991 year-on-year increase. Excluding food and energy, core CPI over the previous month increased 0.3 percent, above the forecast of 0.2 percent. June energy prices rose 6.6 percent, reflecting higher gasoline prices 10.1 percent of the impact.
AP Terje Securities chief analyst said: These higher-than-expected inflation data, the inflation rate was as high as 5 percent, at the beginning of the 1990s high. This increased people%26#39;s worries: even if the economy remains weak, the Fed also Will not be able to cut, but as long as the economy remain sluggish, the Fed can not through raising interest rates to curb inflation. As of June this year, the core inflation rate is currently 2.4 percent, shows that commodity prices have some impact on other commodity prices. (Zhu Xian-kai)

Aisheng the United States and Europe, the world's collective economic locomotive "to slow down"

U.S. two-room crisis in the global stock market set off the stormy seas once again reminded the people: to promote the globalization today, the world economy has not completely decoupling.
In recent days, the United States, Europe and Japan are the three major economies in the same issue of the further deterioration of the economic situation of the JPC. Analysts pointed out that with the loan-to-crisis on the economic impact of entities have shown, these traditional world economic locomotive has entered the economy to slow down stage, it is bound to the rest of the world economy brought more challenges and risks.
Bernanke pessimistic about the economic argument on the 15th in his testimony to the U.S. Congress, Fed Chairman Ben Bernanke changed its monetary policy meeting on the end of the optimistic statement, in turn admitted that economic growth in a great the downside risk.
Submitted to Congress in the semi-annual economic forecast report, the Fed said: The Federal Reserve Federal Open Market Committee (FOMC) said that economic growth prospects facing great uncertainty, the future risk of more Pianyu down. In last month on the 25th after the meeting that the income statement, the Fed also believes that the U.S. economy downside risk still exists, but is in remission.
In testimony delivered to Congress, Bernanke also said that the U.S. economy is still facing financial market turmoil, prices fell and oil, grain prices soared, and so on, many difficulties, which the Fed decision constitutes a serious challenge.
Although the Fed raised the 2008 annual economic growth forecast, but Bernanke said that officials expect economic growth will be slightly below potential levels. He predicted that the housing market weakness will continue, while the business and consumer spending will be restrained.
For continuing the recent market volatility, Bernanke said that to maintain financial market stability is the Fed is still running the current priority, the Fed is closely monitoring Fannie Mae and the United States and the operation of the premises. These two mortgage finance institutions in trouble before, the Fed and the Ministry of Finance have announced emergency relief measures.
Japan%26#39;s lower economic growth and expected U.S. economic outlook deteriorated compared to the Japanese economy have emerged signs of cooling. 16, the Bank of Japan monthly economic report in the lower economic growth expectations for the three ministry.
The day before, the Bank of Japan announced this fiscal year will be the expected growth dropped substantially. According to the central bank%26#39;s expectations, the 2008 fiscal year Japan%26#39;s economic growth rate averaged 1.2 percent, up from a forecast 0.3 percent decline. It is taking into account the risk of increased economic growth, the central bank also decided the same day, continue to be the inter-bank overnight call rate remained at 0.5 percent level unchanged.
Bank of Japan on the 15th Baichuan Fang-ming said that the energy impact of rising raw material prices, the Japanese economic slowdown tendency has become more pronounced. He said that the trade situation will lead to continued decline in Japan%26#39;s economy slowed down further. He also said that the U.S. economic recovery may be delayed.
In the latest Monthly Report on the economy, the central bank announced that once again cut its economic assessment for the first time in April. The central bank expects economic growth rate will decline, mainly due to energy price hikes of raw materials, inhibiting spending.
European recession spreading in the shadow of the three major economies in the euro zone economy has always been considered a relatively optimistic outlook. However, the most recent period, the situation in Europe is the continued deterioration of the economic recession began in the shadow of the spread of the European continent.
Earlier this month, Denmark became the first into a technical recession in the EU countries. European economies is currently facing inflationary pressures, high oil prices, stronger exchange rate, weak global economic growth and the credit crunch and other problems. The property market has recently experienced a prosperous, Denmark, Spain, Britain and Ireland have followed the steps the United States faces spiralling house prices fall in just two years later than in the United States.
This week, Europe once again came more bad economic news. Tuesday, the Spanish construction group Martinsa-Fadesa filed for bankruptcy protection in the European real estate bubble burst in the first victims, but also Spain%26#39;s largest-ever bankruptcy. The same day, the euro-dollar exchange rate to a record high of 1.60, while Europe%26#39;s largest economy Germany%26#39;s investor confidence fell to 20 in the early 1990s economic recession since the minimum level. Germany is Europe%26#39;s largest economy, but also in developed countries is still one of the significant growth of the country.
Analysts noted that the European recession increasing the risk that last year%26#39;s economic downturn began in the United States are spreading to other areas, to dispel the view that the global economic interaction may have decreased, sufficient for the rest of the world weathered the U.S. economic downturn Period of hope.
With the three major traditional locomotive in trouble, the world economic outlook is more full of uncertainties. Bloomberg News this week released a latest survey results show that global investors confidence in the world economy has dropped to the bottom since last November.
The Standard %26amp; Poor%26#39;s chief economist Wise, in a recent exclusive interview with our reporter said, although the United States is no longer the sole engine of world economy, but the U.S. economy and the world economy is still very close contact. At the same time, the world%26#39;s other traditional economic power in Europe is also the United States experienced the same problem: the price bubble burst and the high oil prices. Although no price bubble in Japan, but also facing the problem of record high oil prices, therefore, even without considering the impact of the U.S. economy cooling, Europe and Japan will also slow down economic growth. However, Goldman Sachs, director of research for the global economy O%26#39;Neal relatively optimistic. He said that the U.S. economy about global GDP30%, so when the U.S. economy suffering from cold, more or less in other economies will be affected. However, the BRIC four strong domestic demand sufficient to fully offset the U.S. domestic consumption demand dropped substantially. He expects that the current GDP16% of the world%26#39;s BRIC four countries will help the global economy to maintain 3-4 percent growth rate. (Small-)

Eurozone inflation rate in June to Pan Xingao

Eurostat announced on the 16th, the energy and food prices rose to promote the euro zone in June inflation rate to 4 percent, marking the beginning of this since 1997 a new high since statistics.
This figure compared with May inflation rate of 3.7 percent again after rising 0.3 percent, much higher than last June%26#39;s 1.9 percent.
Energy and food prices affect the euro zone inflation rate rose sharply recently, and have been for 10 consecutive months exceed two percent. European Central Bank to maintain price stability by setting the alert level of 2%.
Data show that in June this year, energy prices, the euro area rose 16 percent, food prices rose 6.4 percent, both higher inflation rate played a driving role.
To curb rising inflation rate, the European Central Bank to maintain interest rates unchanged a year later, in early July decided to raise the euro zone key interest rates 0.25 percentage points to 4.25 percent.
Eurostat data also showed that 27 EU countries in June%26#39;s inflation rate further rose to 4.3 percent, 4.0 percent higher last month and last year%26#39;s 2.1 percent.
In the EU 27 member countries, the Netherlands June%26#39;s inflation rate remains the lowest, 2.3 percent, while Latvia%26#39;s highest inflation rate, reaching 17.5 percent. (Shangjun)

British newspaper: British economic decline popular online exchange of use of idle old

British Sunday Times on July 6 published an article entitled middle-class economic tensions, the prevalence of inactive Internet exchange of goods, the article summarized below.
In response to economic downturns, middle-class families through an Internet exchange of idle goods store access of goods and services.
Last year, the sign Freecycle (free circulation) website of the British people to exchange goods idle more than 1 million.
This site is to promote environmental protection and recycling of waste materials created, but soon became the economic tensions of the working families Taobao places.
People buy a house here looking for furniture, mothers here in Amoy uniforms and used toys, some people even here in a free car.
When the cost of living continues to rise, consumers will not patronize the occasion of shopping malls, Freecycle per day to attract more than 2,000 new members. It is estimated that by the end of this year users access to the site of the items will be more than 5 million.
Faced with white pollution, Delunbier in 2003 in the Tucson, Arizona, created the first Freecycle organization. He said: I founded this organization%26#39;s purpose is to protect the environment, but now it%26#39;s more extensive. It is increasingly accepted by the middle class.
Bill said: A few years ago, waste utilization and also people buying second-hand clothes Zhou Meitou, but the economic downturn, people started to realize the total does not need to buy new things.
Freecycle members will receive the daily needs of other members to provide goods or services. Admission, everyone has to provide an item, and prohibits the provision of drugs, weapons and supplies adults.
When food and the rising domestic fuel prices led to a tight budget, this site in the United Kingdom has been warmly welcomed.
Buckinghamshire Beaconsfield Shaen the 41-year-old black root of this year, she said: When the family expenses, food and gasoline prices or huge, free circulation useful. I received a free bike, in order to save petrol, Short-distance travel when I ride the bike.
Black root has two children, 18 months ago to replace a dishwasher she became a member of the site. Although some initial doubts, but soon she accepted a new renovation of the local families out of the kitchen dishwasher.
Since then, she passed the site was an IKEA sofa bed, a wide-screen television, a set of Girl Guides and Girl Scouts uniform and a school uniform.
At the same time, black roots put her clothes for pregnant women, children%26#39;s clothes and toys from the exchange. She said: For us this ordinary family, this can help the very busy.

New Zealand food prices rose to an 18year high

Statistics New Zealand data released on the 15th, in the year ended June 12 months, New Zealand food prices rose 8.2 percent, setting the highest or 18.
As of June in the 12 months, the major New Zealand food prices rose sharply, fresh milk, cheese and butter prices rose higher, respectively, 22.0%, 61.9% and 86.6%.
Meanwhile, food prices rose 5.5 percent, fruit and vegetable prices rose 8.7 percent, meat, poultry, fish prices rose 4.4 percent, non-alcoholic beverages rose 4.9 percent.
Second quarter of this year, New Zealand, the consumer price index than the first quarter rose 1.6 percent, to 18 or quarter to the highest level. (Reporter Liu Huaqiu)

Britain in June over a year earlier CPI rose 3.8 percent

The Office for National Statistics (Office for National Statistics) 7月15日cloth figures, the United Kingdom in June inflation rate rose to a record high, while the British economic growth is slowing.
Data show that the UK June consumer price index (CPI) rose by 0.7 percent over a year earlier, up 3.8 percent year-on-year increase in January 1997 began the preparation of the highest level since the index, is also the second consecutive Months than the Bank of England set the target level of 2.0 per cent higher than a percentage point above.
The Office for National Statistics said that the core CPI in June from a year earlier rose 1.6 percent in May year-on-year core CPI increase of 1.5 percent. The market had expected June core CPI will rise over a year earlier to 1.5 percent.

France May balance of payments deficit of 2.5 billion euros

Bank of France announced on July 15, France in May over a BoP deficit of 500 million euros narrowed, the services trade surplus increased because the merchandise trade deficit widened to offset the impact.
Bank of France said that France May balance of payments deficit of 2.5 billion euros, the April trade deficit of 30 billion euros. French central bank said in May merchandise trade deficit widened to 5.1 billion euros last month for 4.2 billion euros; services trade surplus increased to 1.9 billion euros, in April for 700 million euros.

European city after dollar fall against the yen Chonggao

Driven higher by the dollar%26#39;s rally, on the 17th in early trading in Europe, the dollar dropped against the yen Chonggao. -- As of 17:50, immediately reported the exchange rate at 105.23.
Today, Japan%26#39;s lack of fundamentals supporting information, but on the 16th released by the Japanese machinery orders in June, down from the initial 2.7 percent revised to a 2.5 percent drop in, this is the information ministry declined III, in April and May Data were up 0.4% and 1.4% respectively. Domestic and foreign sub-item data to be both inside and outside declining trend, but recent economic data on the impact of the yen more limited. As the recent financial market turbulence, particularly Fannie and premises of the United States and the global stock market turbulence led to the crisis, risk aversion sentiment all help the yen stronger, since the euro against the yen fell below 169 crossings over 300 points, while the dollar against the yen fell below 104 crossings support.
For commodity market prices on the economic momentum, the Japanese Minister of Economy and Finance Daejeon Hongzi, investors may continue to rise in international oil prices, the Government will consider how to ease the pains of high oil prices. She also pointed out that the appreciation of the yen can not keep up with the pace of rising oil prices.
Well-known abroad, chief technical analyst Axel Rudolph Thursday said the dollar against the yen since Wednesday%26#39;s low of 103.77 steady rebound, the current resistance level of 105.57 approximation. Investors expected the dollar initial support at 104.87 yen, stronger support at 104.40. The current dollar against the yen on K Line shocks bearish indicators, reportedly 105.45, the day up 36 points.
Options market, the dollar against the yen in Asian trading day of this most critical time in hovering near the 105 yen level, market participants reluctant to buy dollar fell hedge the risk of options, to that end, the Tokyo foreign exchange market Thursday, Dollar foreign exchange options implied volatility flat. Many of the foreign exchange options market dealers said that the fundamentals and seasonal factors, expect the dollar against the yen is likely to lower the next few months. A bank options, traders said many market participants are interested to buy dollars put option, the option implied volatility is unlikely to lower the rate temporarily. But investors need an effective U.S. dollar against the yen dropped to below 104 yen, the options implied volatility can be high. From the fundamentals, due in September, many Japanese companies will buy yen for the first half at the end of the financial year to assets, is expected yen will be higher. In addition, market participants expected the dollar against the yen is likely in the coming months once again hit 100 yen.
Today, investors in New York in early June to focus on U.S. housing starts and building permits, due attention to the United States last week, initial jobless claims, and the United States in July Philadelphia Fed manufacturing index is expected to exchange rate movements will provide guidance.

European city after the euro against the dollar range shocks

As the market waiting for U.S. companies report performance, the dollar rebounded against major currencies signs of dissipating, on the 17th in early trading in Europe the euro against the dollar held steady at 1.5845 to 1.5865 range concussion.
Macroeconomic data, Eurostat data showed that euro zone in early trading, Switzerland in July ZEW investor confidence index for the -76.9, the lowest level, and in June the index for -63.8. Italy May EU trade account surplus of 1.713 billion euros, the year-ago profit of 295 million euros. Italian May trade deficit of 59 million euros general ledger, the same period last year deficit of 779 million euros. In addition, Eurostat data showed that euro zone in May on the construction industry output rise in the rate of 0.2 percent, annualized 1.1 percent decline.
For the euro trend of investors, some analysts see empty. First of all, from the performance of the euro against the yen, it is clear that, investors began to lose interest in the euro. Royal Bank of Scotland%26#39;s chief currency analyst pointed out that the low interest rate currencies such as demonstrated by the hedge role may be changing market sentiment. While the euro against the yen by the pressure on, may suppress the euro against the dollar.
Secondly, to bring pressure on the euro is not simply risk aversion sentiment warming, the euro zone economy by the global economic downturn of the impact of the signal, then the collapse of the euro this week another important factor. Wednesday confirmed that euro zone inflation has been a record high, reaching 4.0 percent. At the same time the weekly German ZEW business sentiment report showed the pace of growth slowed significantly exceeded expectations. BNP Paribas in London, chief European economist Dominic Bryant said that the bank has lowered growth expectations, and now expect full economic recession in Spain. The Netherlands currency analyst at Bank of Chicago, said Dustin Read, ZEW data show that poor performance in the market to the U.S. banking industry%26#39;s concern after the decline of the euro may slow growth in Europe and the economic pressure. Standard Chartered Bank in Singapore, chief currency analyst Callum Henderson also share this view. This is the European Central Bank, means that recent inflation is unlikely to repeat last month%26#39;s hard-line remarks. Dutch international economist of the European Oscar Bernal believes that as long as the second round inflation effects are still in control, the European Central Bank in the medium term will have to pay more attention to growth. And both from the economics point of view or from the market perspective, investors should not recover the high euro, this factor is the threat of market intervention.
Finally, in addition to the strong euro damage outside the euro zone economy, investors also recognize the depreciation of the dollar is brought about inflationary pressures. London BNP Paribas currency strategist Hans Redeker, global head said that the market believe that the success of joint intervention helped the dollar and the conditions are now being implemented. More and more countries around the world hope that the stronger dollar, the currency in the Middle East will be linked to the dollar countries, the depreciation of the dollar in particular cause for concern. At the same time, Fed Chairman Ben Bernanke Wednesday speech has aroused the worries of official intervention may be. At that time, he said that market volatility means that the disorder can act. However, he hinted that no such action in sight.

Three analysts believe the euro negative surface brilliance no longer

Analysts believe that the overseas media, the euro glory has become obsolete, for three reasons: risk aversion sentiment once again heating up, the euro zone economy by the global economic downturn is on the rise against the degree; more and more people believe that the intervention in the dollar%26#39;s fall The support forces are strengthened.
First of all, from the euro / yen%26#39;s performance, it is clear that, investors began to lose interest in the euro. Royal Bank of Scotland%26#39;s chief currency analyst Steven Pearson said, as demonstrated by the low interest rate currencies such hedge role may be changing market sentiment. While the euro / yen by the pressure on, may suppress the euro / dollar.
To bring pressure on the euro is not simply risk aversion sentiment warming, the euro zone economy by the global economic downturn of the impact of the signal, then the collapse of the euro this week another important factor. Wednesday confirmed that euro zone inflation has been a record high, reaching 4.0 percent. At the same time the weekly German ZEW business sentiment report showed the pace of growth slowed significantly exceeded expectations.
BNP Paribas in London, chief European economist Dominic Bryant said: We have lowered the growth forecast, now expect full economic recession in Spain. Currency analyst at ABN AMRO Chicago Dustin Read said, ZEW data show that poor performance in the market Banking concern to the United States after the decline of the euro may slow growth in Europe and the economic pressure. Standard Chartered Bank in Singapore, chief currency analyst Callum Henderson also agree that Dustin Read point of view.
This is the European Central Bank, means that recent inflation is unlikely to repeat last month%26#39;s hard-line remarks. Dutch international economist of the European Oscar Bernal believes that as long as the second round inflation effects are still in control, the European Central Bank in the medium term will have to pay more attention to growth.
And both from the economics point of view or from the market perspective, investors should not recover the high euro, this factor is the threat of market intervention. Apart from the strong euro damage outside the euro zone economy, people also realize that the dollar%26#39;s depreciation is brought about inflationary pressures. London BNP Paribas currency strategist Hans Redeker, global director, said: We believe that the success of joint intervention helped the dollar and the conditions are now being implemented. More and more countries around the world hope that the stronger dollar, the currency in the Middle East will be linked to the dollar countries, the U.S. dollar Particularly worried about the depreciation of people.
At the same time, Fed Chairman Ben Bernanke Wednesday speech has aroused the worries of official intervention may be. At that time, he said that market volatility means that the disorder can act. However, he hinted that no such action in sight.

market opened relatively flat, Africa and the United States interval shocks

Asia was relatively flat market, Africa and the United States to maintain the currency shocks, the EU set as the European countries have published data, expected market volatility will increase, short-term non-US currencies still have a certain pressure drop, the overall is expected to remain range-bound.
Euro / dollar: early modest rebound, capped at 1.59 frontline, will continue to stand up, the initial target of 1.5950 line, but tend to test 1.58 blocked the front line, fell down will continue, the initial target of 1.5750 line. Tendency to short-term rebound in the greenback, at the top for concern.
Dollar / Swiss franc: short-term exchange rate dropped slightly, followed by 1.01, fell 1.0050 to see the front line, but only at the top of breakthroughs 1.02 juncture, to ease the downward pressure, thereby further rebound.
Sterling / dollar: to maintain the exchange rate shocks, above 2.0050 resistance, to break through strong, is expected to test 2.0150 again on the front line, blocked the other hand, tend to fall below the 1.9950 support line.
Dollar / Canadian dollar: a narrow range early exchange rate fluctuations, is expected to remain short-term shocks, the first important support at 0.9970, and the important resistance at 1.0050 first.
Aussie / dollar: Asia-dollar rebounded slightly, the current resistance 0.9780, breaking up is expected to continue to re-challenge of 0.9850 high, but below support at 0.9720, fell existence of pressure on the key test of 0.9660. Short-term exchange rate tend to uplink, at the top for concern.
Dollar / yen: low exchange rate shocks, the current first-line support 104.30,103.70, at the top resistance at 105.50 and the front line, of breaking through this level before, the greenback is expected to continue downward.
The dollar index: 71.90 in early trading shocks first, followed by 71.70, fell weakening, the initial target of 71.50 line, but Shouwen, short-term there is still expected to rebound, take a firm 72, the initial target of 72.30 frontline.
Gold: resistance to the current 966, is expected to continue to firm up, the initial target of 977 first-line, blocked the contrary, the tendency to downlink, penetrated 958, will test 950-bit key, here for the gold adjust the bottom line, fell before the rally is likely to To come to an end. Gold tendency to short-term shocks, the action can be slightly dominant.

British pound continued concern about the whereabouts of adjusted 2.0 support position

Recalling the trend:
Sterling / dollar short-term shocks keep down the overall pace of adjustment of rhythm-based, the greenback fell below an important support position of 2.0. On the line on the graph line K-down Yinxian, MA system gradually upward divergence with running and maintaining the upstream channel, at the bottom of the mid-range consolidation pattern has not yet ended, MACD indicator is the axis Jincha opening up, the medium-term warming trend is expected to continue up Finishing.
Day short-term direction: upward shocks weak support: strong support 1.9950: 1.9810
Weak resistance: 2.0090 strong resistance: 2.0160
Trend Analysis:
Graphics on the hour from the analysis, sterling short-term movements freely along the channel on the location by the resistance, to keep the whereabouts of shocks running rhythm, and the downward slope and the intensity of pre-rise compared to pre-rising energy performance is still strong. The main short-term trend is still upward direction of the main rhythm. To be below the current average exchange rate system based on the role, MACD indicators, down through the shaft position, short-term trend of decline in the pace of adjustment mainly, is expected today sterling / dollar short-term trend still shocks adjust the probability of larger pattern of operation.
The recent operation, the center line interval as a guide to thinking; short interval to operate as the guide line of thought.
A warehouse:
More than a pound positions of investors, will be set up in the stop-loss 1.9810, target: 2.0120
Kongcang a pound of investors, will be set up in the stop-loss 2.0160, target: 1.9910
Kongcang:
Mainly wait-and-see

The euro against the dollar in the longterm risk of a substantial pullback »

1 Market Review:
Yesterday (July 16) in the Asian time, the euro against the U.S. dollar closed at 1.5910, slightly fell to 1.5885 intraday low of late dollar rose to 1.5925 percent. Market in the U.S. economic data and earnings reports before the publication of more cautious, the European city before the opening of the euro against the U.S. dollar fluctuations in the 1.5885-1.5925 range.
European City time, the publication of economic data showed that Germany June final consumer price index rose 0.3 percent on rate, the former value was increased by 0.3 percent, expected to rise 0.3 percent. Eurozone June consumer price index on final rate rose by 0.4 percent, or 0.4 percent expected. Data little effect on the market mainly by U.S. investors worried about the future of the housing market, the dollar continued to decline under pressure, early euro rose to 1.5948 against the dollar high of the day, the United States announced in late June CPI and industrial output data to Vibration, the dollar began rebound, the euro fell to 1.5868 against the dollar low.
U.S. City time, the publication of economic data showed that U.S. consumer price index in June rose 1.1 percent, the rate is expected to rise 0.7 percent. May the United States long-term net capital inflow of 67 billion U.S. dollars, expected net inflow of 85 billion U.S. dollars. U.S. June industrial output, the rate increased by 0.5%, expected the same. United States 6 Capacity utilization 79.9%, 79.3% expected. U.S. manufacturing output in June rose 0.2 percent, in May dropped 0.1 percent. U.S. June consumer price index growth of 1.1 percent the previous month, the monthly rate of increase in June 1982 to the largest annual increase was the largest in 1991 to enhance the Fed%26#39;s expected rate hikes. At the same time, Fed Chairman Ben Bernanke did not rule out intervention dollars of speech, the dollar goes upwards. In addition, commodity prices have eased substantially, NYMEX crude oil futures fell to 132.11 U.S. dollars / barrel, while spot gold fell to 960.00 U.S. dollars / oz. Benefit from lower commodity prices, U.S. stocks all higher, the Dow rose more than 250 points, a three-month biggest one-day gain, the dollar rose to 72.04, the euro fell to 1.5800 against the dollar low of the day, rebounded slightly to 1.5830 late Level. Yesterday the euro against the U.S. dollar closed at 1.5910, the highest 1.5948, the lowest 1.5800, 1.5819 close, the 148 days of volatility, or 0.61 percent.
Second, this view:
White House sources said that Congress may approve next week the Government in the property market rescue plan. The United States announced yesterday the June consumer price index growth of 1.1 percent the previous month, the monthly rate of increase in June 1982 to the largest annual increase was the largest in 1991 to enhance the Fed%26#39;s expected rate hikes. At the same time, Fed Chairman Ben Bernanke did not rule out intervention dollars of speech, the dollar goes upwards. In addition, commodity prices have eased substantially, NYMEX crude oil futures fell to 132.11 U.S. dollars / barrel, while spot gold fell to 960.00 U.S. dollars / oz. Benefit from lower commodity prices, U.S. stocks all higher, the Dow rose more than 250 points, a three-month biggest one-day gain, the dollar rose to 72.04, the euro fell to 1.5800 against the dollar the day lows. The author believes that more concern is that the Fed announced June 24 to 25 monetary policy meeting to remember that economic growth is still facing major downside risk, is expected to moderate economic growth in the first half of the year, the growth rate slowed down slightly. Fed also said it reduced the risk of economic growth, inflation risks rising, the inflation outlook has deteriorated, the next monetary policy changes may be raising interest rates. If the Federal Reserve raising interest rates expected to increase, the dollar will rebound margin expansion. Stabilize the U.S. economy has signs of a slowdown in the euro zone economic growth may be peaking, and high energy prices will be postponed low euro, the euro against the dollar in the long-term risk of a substantial pullback.
Today, the euro zone and the United States concerned about data, the euro zone in May construction spending, the U.S. June housing starts, building permits, the United States in June, the United States on July 9 when the weekly number of jobless benefits. If the euro zone in May construction spending down the value -0.8% / month, -2.4% / year, the data will be negative euro. U.S. June housing starts will decline in the previous value of 975,000 to 960,000, the data will be negative dollars. The United States in June the previous value of building permits dropped 97.8 to 960,000, the data will be negative dollars. The United States on July 9 when the weekly number of jobless benefits will be used to expand the value of 346,000 to 380,000, the data will be negative dollars.
Today, the euro zone and the United States concerned about data analysis:
(1) 17:00 euro zone in May construction spending, the former value of -0.8% / month, -2.4% / year. Construction spending is the real estate data, the data if the construction market decline, the euro area housing sales have an impact, the euro will be negative. If the euro zone in May construction spending down the value -0.8% / month, -2.4% / year, the data will be negative euro.
(2) 20:30 U.S. June housing starts, the former value of 975,000, predicted 960,000. Housing starts in the target countries announced the construction category of data in the system generally occupy the more important position, because the real estate industry for the modernization of the economy have a pivotal position, but also the economy of a country%26#39;s economy is also often in the construction category indicators reflected. Housing starts in the economy play a very important role, the increase in housing starts will rise in construction employment, housing and the purchase of new families usually buy other consumer durable goods, such as through a few effects, other employment is increasing. The increase in housing starts, the currency of the country is profitable, will promote the country%26#39;s strong currency, the decline in housing starts or lower than expected, will put pressure on the currency. Housing starts in a month usually on the 16th to the 19th Inter-released. U.S. June housing starts will decline in the previous value of 975,000 to 960,000, the data will be negative dollars.
(3) 20:30 U.S. June building permits, the former value of 97.8, the forecast 960,000. Building permits are the construction of housing investment, stimulating economic growth is the major driving forces. In Western countries, building permits, index of the architecture is more important, building permits increased, in theory, the currency of the country is favorable factors, will boost the country%26#39;s currency strength, building permits, or the lower-than-expected decline, Put pressure on the currency. Generally speaking, housing starts and building permits increased, in theory, the currency of the country is favorable factors, will boost the country%26#39;s strong currency, housing starts and building permits or the lower-than-expected decline, the country%26#39;s currency will be formed Pressure. The United States in June the previous value of building permits dropped 97.8 to 960,000, the data will be negative dollars.
(4) 20:30 U.S. July 9 when the weekly number of jobless benefits, the former value of 346,000, predicted 380,000. The number of claims for unemployment benefits is part of the employment report, the data reflect the performance of the U.S. unemployment situation. Decline in the unemployment rate, the representative of the overall healthy development of the economy, favorable currency appreciation, rising unemployment, economic slowdown will be representative of recession is not conducive to currency appreciation. The United States on July 9 when the weekly number of jobless benefits will be used to expand the value of 346,000 to 380,000, the data will be negative dollars.
Third, today concern the euro against the dollar and economic data events: (SGT)
1, this data:
16:00 Italy May trade balance, the former value of -10 million euros 16:00 Italy in May and the EU trade balance, the former value of 770 million euros 17:00 euro zone in May construction spending, the former value of -0.8% / , -2.4% / Year market ★
20:30 U.S. June housing starts, before the market value of -3.3% ★
20:30 U.S. June housing starts, the former value of 975,000, the forecast impact on the market value of 960,000 ★
20:30 U.S. June building permits, the former value of 97.8, the forecast impact on the market value of 960,000 ★
20:30 U.S. July 9 when the weekly number of jobless benefits, the former value of 346,000, the forecast impact on the market value of 380,000 ★
20:30 U.S. July 5 week added to the number of jobless, the former value of 3.202 million 22:00 U.S. July Philadelphia Fed manufacturing index, the former value of -17.1, -15.0 forecast
At 4:30 on the 18th the United States on July 14 when the central bank Zhou foreign bond holders in the United States 2, economic events:
-- The European Central Bank Governing Council meeting / no resolution interest rates - the European Union announced economic and monetary affairs Joaquin Almunia and the EU expansion affairs commissioner Olli. Ryan (Olli Rehn) on the EU faced by the economy Challenge made a speech.

It is inevitable adjustment, the bulls remain unchanged

Wednesday the United States announced yesterday that the June consumer price index (CPI), the rate rose by 1.1 percent, in June 1982 the highest since, and the annual rate increased by five percent, the highest Year 1991. The data showed that U.S. inflation situation grim; another Fed also announced a 24 to 25 June monetary policy meeting of the need to, the meeting said that economic growth is still facing major downside risk, but economic growth in reducing risk, inflation risk Increase in the inflation outlook has deteriorated, and the next monetary policy changes may be raising interest rates. The news that the Fed in dealing with slow economic growth and inflation increased focus on the problems between the latter began to shift the market to enhance the Fed will implement a relatively tight monetary policy expectations, the dollar continued to rebound.
The euro against the dollar yesterday to continue to adjust, falling as low as 1.58 line. Because Jinliang Tian adjustment of the larger, the euro is expected today will continue to adjust homeopathy, but expected the rate will be reduced. Euro below support at 1.5770 and 1.5660. We still continue to yesterday%26#39;s ideas, continue to wait and see, to be fully adjusted after the intervention do more.

The euro continued to delay the whereabouts of high uplink more variables

Recalling the trend:
Euro / dollar short-term trend of minor correction after the operation, according to the whereabouts of primary and secondary continue to run. Road%26#39;s low exchange rate fell below indicates the end of the letter pre-rally stage. K-Line, graphics or Yinxian, the greenback in early tests near the high of high of 1.6020 can not effectively break up, the existence of the possibility of a false break, and the average system are relying on a long rebound in the greenback up, the trend since the early low of 1.5300 has been around In the uplink channel in the operation, while the euro remained high overall medium-term consolidation pattern based.
Short-term direction of the day: shock interval weak support: strong support 1.5760: 1.5690
Weak resistance: 1.5950 strong resistance: 1.6040
Trend Analysis:
Hours from the graphics, MA system Guaitou divergence was running down with rhythm, short-term trend since the high point after the initial test, and maintain a straight line running trend of the whereabouts of rhythm. Short-term trend based on primary and secondary alternate operation, minor concussion and a small meta-level flag-shaped patterns on the effective operation of large stop-loss basis. The current exchange rate system of repression by the MA, short-term shocks to the whereabouts of the channel along the location for testing, is expected today euro / dollar short-term support to the whereabouts of the possibility of greater upward rebound.
Operation of reference:
The recent operation, the center line interval as a guide to thinking; short interval to operate as the guide line of thought.
A warehouse:
More warehouses holding the euro investors, will be set up in the stop-loss 1.5690, target: 1.5900
Kongcang investors holding the euro, will be set up in the stop-loss 1.5950, target: 1.5750
Kongcang:
Kongcang investors to maintain wait-and-see attitude.

British pound shortterm continuing concern about the whereabouts of adjusted 2.0 support position

Recalling the trend:
Sterling / dollar short-term shocks keep down the overall pace of adjustment of rhythm-based, the greenback fell below an important support position of 2.0. On the line on the graph line K-down Yinxian, MA system gradually upward divergence with running and maintaining the upstream channel, at the bottom of the mid-range consolidation pattern has not yet ended, MACD indicator is the axis Jincha opening up, the medium-term warming trend is expected to continue up Finishing.
Day short-term direction: upward shocks weak support: strong support 1.9950: 1.9810
Weak resistance: 2.0090 strong resistance: 2.0160
Trend Analysis:
Graphics on the hour from the analysis, sterling short-term movements freely along the channel on the location by the resistance, to keep the whereabouts of shocks running rhythm, and the downward slope and the intensity of pre-rise compared to pre-rising energy performance is still strong. The main short-term trend is still upward direction of the main rhythm. To be below the current average exchange rate system based on the role, MACD indicators, down through the shaft position, short-term trend of decline in the pace of adjustment mainly, is expected today sterling / dollar short-term trend still shocks adjust the probability of larger pattern of operation.
The recent operation, the center line interval as a guide to thinking; short interval to operate as the guide line of thought.
A warehouse:
More than a pound positions of investors, will be set up in the stop-loss 1.9810, target: 2.0120
Kongcang a pound of investors, will be set up in the stop-loss 2.0160, target: 1.9910
Kongcang:
Mainly wait-and-see.

Financial corporate earnings reports become the important reference for dollar investors

Federal Reserve Chairman Ben Bernanke Tuesday reiterated that the depreciation of the dollar to push up oil prices has played a certain role. He expects the second half of the U.S. economic growth will be relatively weak, once the market stabilize, the economy and the market may rebound this year, the time remaining U.S. economic growth may be strong but it will not. U.S. President George W. Bush Tuesday that the U.S. banking system basically good, the U.S. economy showed a surprising flexibility, Congress enacted the Government should support enterprises to quickly rescue plan, we must ensure that the premises of the United States and Fannie Mae mortgage loans can be the credit. The current market conditions in the financial sector of the concern over the economic fundamentals of the degree of attention, if the next few days the U.S. financial corporate earnings reports continue to show good short-term dollar is expected to further boost. The fifth largest U.S. banks - Wells Fargo announced Wednesday the unexpectedly strong quarterly earnings report, investors in the United States eased the banking system healthy degree of fear, the stronger dollar boosted days. Wells Fargo announced Wednesday that its second-quarter net income due to the impact of bad debts declined by 23 percent, but fell far less than analysts had expected 53 percent, the line second-quarter revenue rose 16 percent to 11.5 billion U.S. dollars. In addition, Wells Fargo also announced Wednesday increased its quarterly dividend. Investors hope other financial giant positive earnings reports may be addressed to bring about positive impact on the dollar. Investors in the financial sector because of the fear persists, and Federal Reserve Chairman Ben Bernanke said the U.S. financial markets remained under considerable pressure, some market participants will be interpreted Bernanke%26#39;s testimony to present the Fed%26#39;s primary task is Restore financial market stability, rather than the fight against inflation, so the next few months the possibility of Fed rate hikes have decreased significantly.
Kansas City Federal Reserve Bank of the United States on the Horn on the 16th continued low interest rates for too long expressed concern, saying it could lead to the overall rise in inflation to accelerate. Although there are signs that prices are on the rise, but the U.S. Federal Reserve Board (Fed) policy in the last session, the benchmark interest rate unchanged at 2%. Fed that the economy faces the risk of continued decline. Horn, Colorado, DURANGO Economic Forum issued a written statement said that two percent of the federal funds rate in the extreme weakness of the economic circumstances might be appropriate, but if sustained for too long, probably will lead to inflationary pressure is rising gradually. Horn is not the Federal Open Market Committee (FOMC) have in the members eligible to vote. He expects the second half of 08 U.S. gross domestic product (GDP) growth rate of 1% -1.5%, and said that large-scale dollar depreciation has stimulated exports and help maintain economic growth. However, he also pointed out that increased unemployment and higher oil prices and credit channels sluggish U.S. economy and other issues to bring serious pressure. He said that the U.S. economy is in a very difficult period. In talking about the correct interest rate policy stance should do, he said that monetary policy must find a balance, that is to support economic growth while ensuring that food and energy prices will not cause inflation expectations out of control and caused more widespread inflation problems .
Australian dollar against the U.S. dollar as the stock market rebound, oil, metals and other commodities futures weakened the dollar re-emerge, the Australian dollar / dollar in Asia is likely to feel the pressure of time. Watershed for 0.9650, with key resistance at 0.9820 and 0.9850, below support at 0.9700 and 0.9640. Days in the range 0.9700 to the above operation Abundant mainly breakthrough 0.9780 short-term speculative space should pay attention to single-stop-loss, fell below 0.9720 days alone to be more attention to position risk.
The euro against the dollar euro / dollar in Asia is expected to further weaken, the dollar may depend on the market performance of China%26#39;s GDP data on the response. Overnight U.S. Federal Reserve Chairman Ben Bernanke%26#39;s remarks on intervention in foreign exchange markets to support the dollar. 1.5780 watershed in the current key resistance at 1.5900 and 1.6035; support at the 1.5780 and 1.5720. The current range in the box below 1.5870 Piankong run to break through 1.5870 speculative space should pay attention to single position risk, below 1.5800 short-term speculation and more attention to single-stop-loss.
British pound sterling against the U.S. dollar interest rate differential and risk preferences warming up to promote British pound / yen carry trade financing of long sterling demand, which will pound / dollar boost. But on the other hand, sterling / dollar%26#39;s gains may be limited, by the British in further signs of economic weakness drag. The latest data shows that the United Kingdom in June increase in the number of applications for unemployment benefits hit since December 1992, the largest monthly increase, in order to increase 15,500, is expected to increase by 1 million people. In addition, the Bank of England into the slow economic growth and rising inflation will also be the dilemma constraints sterling / dollar rally. 1.9820 in the watershed. Upstream resistance in the 2.0090 and 2.0150, below support at 1.9920 and 1.9840. 2.0020 following the current operation in the operation of the main shock Piankong, below 1.9960 following the sidelines alone more than speculation. 2.0040 breakthrough in air-needed attention to speculative position risk.
U.S. dollar against the Canadian dollar oil prices had fallen sharply against the Canadian dollar, the dollar rebounded into the driving force. NYMEX crude oil futures Tuesday from 146.50 U.S. dollars / barrel as low as 135.98 U.S. dollars / barrel, the days of the amplitude of more than 10 U.S. dollars. Duokong watershed for the current technology 1.0080, with key resistance at 1.0050/1.0120. Intraday support at 0.9950/0.9900. 1.0030 short-term speculation in the following shocks Piankong operation mainly to break through 1.0050 to 1.0080 high can be seen around days of below-the dispersal of over 0.9970. Speculation in the air-stops after the break through 1.0050.
U.S. dollar against the Swiss franc crude oil prices slipped further, dollar sentiment improved in order to finance the Swiss franc as the currency arbitrage trading sentiment weakened due to hedging and warming up. But the dollar / Swiss francs or be substantially higher in May retail sales restrictions. 1.0250 in the watershed. Resistance at 1.0200 and 1.0250; support at the 1.0100 and 1.0000. Short-term speculation in the following interval operation mainly 1.0250, 1.0200 breakthrough days of air-should pay attention to stop-loss in more than single-1.0100 must pay attention to the following risks or stop-loss positions.
Dollar higher against the yen may ease the stock market%26#39;s risk aversion sentiment in the dollar / yen Thursday in the global trading hours may be higher, but such gains will not last too long, because the U.S. industry%26#39;s worst financial situation that dealers Will not cause a lot more over the long term to buy dollars. 105.90 watershed in the current technology, the line resistance 105.80/106.20; support at 104.40/103.80. Following the short interval Fenggaopiankong 105.30-based operation. Below-the reduction of more than 104.50 or leave the stop-loss, breaking 105.30 speculation the attention of stop-loss air-dispersal.

July 17 monetary analysis and prediction

Euro / dollar: the euro highs Wednesday drop in international oil prices due to continued failures and the fifth largest U.S. bank unexpectedly strong performance, fell to 1.58 euros late nearby. Referring to three hours in the gold chart, as a downward finger signals, reflecting the sharp exchange rate Climbed to near the high of 1.6030 have greater resistance, the sharp decline in overall demand, the greenback fell to 1.58 narrow range near the main adjustment, the weakness trend is expected to rebound today blocked the euro fell after the shock of higher risk.
Operation recommendations: with gold that signal (1) to consider the greenback rebounded to 1.5960 near blocked, could be considered to sell a small amount of short-term, stop-loss at 1.5990, target 1.5930/1.5900.
(2) further effective exchange rate fell below 1.58, could consider selling to do short-term, stop-loss at 1.5830 near the target 1.5770/1.5740.
Sterling / dollar: Wednesday blocked high pound dropped after the shocks, the minimum lowered to 1.9960 first, late rebound slightly. This morning, the greenback rose slightly. Referring to three hours for gold in the plans, as a finger upward and downward triangle signals, reflecting the greenback 2 Panzhi substantially above the running, the overall desire to enhance the uplink, the greenback fell back to the early highs hovering near 2, is expected to support this event pounds pullback after the shocks rose a greater chance.
Operation recommendations: with gold that signal (1) to consider the greenback firm in two, could be considered short-term multi, stop-loss control in the vicinity of 1.9970, objective look at the 2.0030/2.0060.
(2) to consider the effective exchange rate of 2.01 breakthrough, multi could consider short-term, stop-loss 2.0070, objective look at the 2.0130/2.0160.
Dollar / yen: the greenback under pressure eased substantially, and for a time virtual break 104-bit integer, fast approaching a late rebound to recover some ground. This morning, the greenback rose slightly. Referring to three hours in the gold chart, as a downward finger upward increase Triangle signals, reflecting the dollar / yen weighed on a substantial decline, the overall downward obvious desire to enhance the current exchange rate fell further temporary disruption, if investors can effectively Diechuan 104-rounded, then the city is expected to decrease the risk of another concussion larger.
Operation recommendations: with gold that signal (1) to consider the greenback rebounded disruption in the vicinity of 105, could be considered to sell a small amount of short-term, stop-loss control in the vicinity of 105.30, the goal to look at 104.70/104.40.
(2) to consider the effective exchange rate fell below 104-bit integer, could consider selling to do short-term, stop-loss 104.30, the goal to look at 103.70/103.40.
Aussie / dollar: Australian dollar rose to 0.9850 near the sharp drop blocked, fell to 0.9720 late shocks to stabilize the vicinity. This morning, the greenback rose slightly. Referring to three hours in the gold chart, as a finger upward and downward triangle signal , And the Australian dollar rose sharply early highs after the break, the overall desire to enhance the uplink, the greenback further upstream blocked a small pullback demand, 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 pull back to near 0.97, may consider doing a small amount of short-term, stop-loss control in the vicinity of 0.9670, objective look at the 0.9730/0.9760.
(2) effective exchange rate of 0.98 breakthrough in the vicinity, could do more to consider short-term, stop-loss control in the vicinity of 0.9770, objective look at the 0.9830/0.9860.
Dollar / Canadian dollar: dollar rebound slightly after fall disruption, shock and fell once a virtual break-rounded, late narrow range of adjustment. This morning, the greenback fell. Referring to three hours for gold in the plans, as a downward finger signals, reflecting the greenback Pressure eased substantially, the overall trend tends to weakness, the greenback early in the encounter near the low short-term support, not rebound kinetic energy, is expected to rebound today blocked the decrease in higher risk.
Operation recommendations: that signal with gold
(1) to consider Diechuan an effective exchange rate, could be considered for short-term selling, stop-loss control in the vicinity of 1.0030, objective look at the 0.9970/0.9940.
(2) the greenback rebounded to 1.01 blocked signs, may consider selling a small amount of short-term, stop-loss control at 1.0130, objectives to look at 1.0070/1.0040.
Dollar / Swiss franc: weighed on the greenback fell sharply, and for a time approaching an integral place to find support, late rebound quickly recovered most of the landless. This morning, the greenback in a narrow range around 1.0180 adjustments. Referring to three hours in the gold chart, the latest in Fingers upward and downward triangle signals, reflecting the sharp decline weighed on the greenback, the overall trend clearly Quruo, the current exchange rate hovering around 1.02 to rebound, further rebound temporarily blocked, then the city is expected to rebound after the shocks blocked the decrease in higher risk.
Operation recommendations: with gold that signal (1) the greenback rebounded to 1.02 blocked near the signs could be considered to sell a small amount of short-term, stop-loss 1.0230, objective look at the 1.0170/1.0140.
(2) to consider the effective exchange rate fell below 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.
Note: The above gold that the light signals are plans for gold means three hours real-time signal

Multistart longterm resistance dollar fell space is limited

Dollars to maintain the disadvantaged, but the multi-start the resistance. Tuesday oil prices to a 17 largest decline, down 08 U.S. crude oil 6.44 U.S. dollars to 138.74 U.S. dollars a barrel.
Tuesday the New York session, the dollar was Candie, but ended up back, to stay longer under the shadow, Europe and Asia Wednesday after dollar fell, ending at 71.59 yesterday 17:23 suspense, New York Tuesday after falling as low as 71.31 , Or 0.05 percent at 71.75.
The United States this week on the premises and Fannie information on the impact of a key currency, the operation should continue to wait and see, with special attention to oil prices plummeted after the follow-up trend.
The remaining currency, the yen trend quite strong, but the yen would have difficulty maintaining upward momentum, because of the recent news that many Japanese dished out coincides with the high yen, including housewives, retirees and other Japanese individual investors on the establishment of the Yuan clearance position to achieve the highest since last August.
Bernanke testimony Tuesday was a dollar rebound from the lows, oil prices from a high level Candie Bernanke is an important incentive Banking Committee in Congress has made in testimony significantly changed. Before Bernanke that the U.S. economy overall health, or the second half of next year will be stable, the usual wording is the risk of economic decline gradually dissipated. Bernanke made no mention of the health, but said that growth in the risk of significant increase. In addition, he also emphasized that inflation risks increased.
Bernanke said the U.S. premises and Fannie Mae issue has been brought turmoil, the U.S. priority is to stabilize the financial market. Coincidentally, U.S. President George W. Bush Tuesday in a White House meeting, urged Congress to pass legislation to protect the premises of the United States and Fannie Mae, the mortgage further stabilize the U.S. mortgage market. It is clear that the two statements are basically reflects the U.S. Administration%26#39;s attitude, that is, at all costs to save the market. It seems that the U.S. property market crisis has deepened so that the second half of the opportunity to substantially increase interest rates decline, but the United States in such circumstances no interest rate increase may not be great pressure on the dollar, contrary to the interest rate increase when the faltering property market may have even worse consequences. This two-day movements of the pound is very strong evidence, Tuesday pound rose 0.54 percent to 2.0042 U.S. dollars, pound sterling rose because the market is even possible that the British interest rate cut.
StephenStanley said former Fed economist, obviously the Fed will maintain the current interest rate policy, they have considerable misgivings about the second half. CBOT federal funds rate futures, the Fed in interest rates on August 5 at the possibility of raising interest rates to 3 percent, earlier this week the value is 12 percent, a month ago as much as 77%.
Differences between the larger premises of the U.S. market and Fannie%26#39;s bad news of course, the dollar has enormous impact, but from another perspective this kind of thing has not completely exposed all bad, unless the United States Douchu more serious problem. The last time a similar impact on the dollar is the de facto March 17 this year, Bear Stearns was the acquisition of the incident, the then U.S. authorities are also竭力rescue. Rather dramatic performance of the foreign exchange market, the dollar bottomed out in that incident is also before and after the U.S. short-term lows also appears in those days.
Recent foreign exchange market mainstream view larger differences. Bank of America said Tuesday that investors should be bearish bet the euro against the dollar, the euro at 1.5884 U.S. dollars short, because of rising energy prices, global economic slowdown may lead to significant European economic slowdown in the second half. Bank of America then and Germany announced Tuesday The economic indicators have echoed, as announced Tuesday the German ZEW confidence index investors and analysts established in 1991 to the lowest level since the index. But the Swiss banks diametrically opposed views, said that the Federal Reserve Board to borrow money to the premises of Fannie Mae and the United States, which will increase the supply of U.S. dollars, increasing pressure on the depreciation of the dollar, if the market continued to avoid risks, the euro short term could easily rose to 1.61 Dollars to 1.62 U.S. dollars. Although analysts各执一词, but in operation, investors temporarily to avoid excessive holding more than one-dollar can be negative for the market to further uncertainty.
In the long run, the disposal of a crisis, the U.S. authorities the financial means of flexible and innovation are better than other countries.

Investors expect the dollar against major currencies next six months lower

According to well-known American media investor survey, by the Federal Reserve and the U.S. Treasury Department tried to prevent the U.S. economy into recession confidence in decay, investors expect the dollar against the euro, Japanese yen, Brazil Lille, the Swiss franc in the next six Month low.
The Bloomberg Professional global confidence index (Bloomberg Professional Global Confidence Index) monthly survey showed that U.S. investors ministry to the dollar to see empty; for the first time since March to see more than the Swiss franc, the pound pessimism Also weakened.
Survey results and futures dealers in line with expectations, futures dealers currently on the Federal Reserve raising interest rates during the year the expected reduction in the constant. In addition, the U.S. market by the two largest mortgage lenders worry about the loss, the U.S. dollar index this week the three months to a record low.
The survey sampled 5,450 global investors, including investors against the dollar since June confidence index fell to 58.49 in July of 45.44, the confidence index of the Swiss franc rose to 59.37 from 42.24, the confidence index on the British pound rose to 42.41 , A new high since March, investors more optimistic about the prospects for the yen, the confidence index last month rose to 55.08 in 43.08.
The confidence index above 50 indicates investors expect the currency to appreciate.
State Street Bank (State Street Bank %26amp; Trust Co.) Foreign exchange trading in Tokyo, in charge of Kimihiko Tomita said: We have since early this month has been optimistic about the yen, the market is a clear need more time to resolve financial system problems, we expect risk Offensive emotions pushed up the yen.
However, the world%26#39;s second largest currency dealers UBS (UBS) in London strategist Geoffrey Yu of the euro / dollar in the third quarter fell to 1.5300 at the end of expectations, and that because of the economic slowdown in Europe, the euro / dollar will be down by the end of 08 To 1.4000.

Gold Rush international financial exchange market briefing (0717)

First, the global financial markets yesterday%26#39;s closing prices index closed Change China%26#39;s Shanghai Index 2705.87 -73.58
Nikkei Index 12760.80 +6.24
The Hang Seng Index 21223.50 +48.73
The Dow Jones Index 11239.28 +276.74
The Nasdaq composite index 2284.85 +69.14
S %26amp; P 500 1245.36 +30.45
Germany%26#39;s DAX index 6155.37 +73.67
Second, Europe and the United States stock market Summary of U.S. stocks, closed up Wednesday, the Dow Jones industrial average rose nearly 300 points. Seems to be affected by the Government to support measures, the Federal Housing Loan Mortgage Corporation, the Federal National Mortgage Association, and many other brokerage stocks from the market concerned, in addition oil prices also boosted the stock market decline. European stock markets, closed higher Wednesday, oil prices declined substantially to the stock market rebound, car manufacturers promote market shares from 2003 lows.
U.S. stock market, the Dow Jones industrial average rose 276.74 points to 11239.28 points, or 2.52 percent, the Standard %26amp; Poor%26#39;s 500 index rose 30.45 points to 1245.36 points, or 2.51 percent, the Nasdaq composite index rose 69.14 points to 2284.85 points, or 3.12 %. European markets, Britain%26#39;s FTSE 100 index closed down by oil stocks fell drag. The index closed down 0.4 percent, to 5,150.60 points. France%26#39;s CAC-40 index closed up 1.3 percent to 4112.45 points. The German DAX 30 index rose 1.2 percent to 6155.37 points.
Third, gold Energy New York Mercantile Exchange (NYMEX) crude oil futures Wednesday for the second consecutive trading day down, the market for oil and oil product inventories rose was surprised by the news. NYMEX08 in August NYMEX crude oil futures settled down 4.14 U.S. dollars to 134.60 U.S. dollars a barrel, or 3 percent.
The New York Mercantile Exchange (COMEX) gold sharply lower Wednesday, the main drag crude prices down. In addition, the U.S. stock market rose higher and the dollar also weighed on the gold. COMEX08, August gold fell 16 cents to 962.70 U.S. dollars an ounce.
Fourth, the international foreign exchange markets of New York, Wednesday, the U.S. dollar higher against major currencies, the price of crude oil fell more than 4 U.S. dollars and to promote the U.S. stock market rose. The Dow Jones industrial average rose more than 200 points, the market sentiment and the dollar support. In New York trading the euro lowered the lowest intraday 1.5800 U.S. dollars, greatly detached from the set of yesterday%26#39;s record high of 1.6040 U.S. dollars. Drop in oil prices and market sentiment improved to promote the dollar%26#39;s rise. However, he believes that the overall dollar trend has not changed. U.S. Federal Reserve Chairman Ben Bernanke on Capitol Hill on the testimony and the latest release of the U.S. Federal Open Market Committee meeting minutes hinted that both the federal funds short-term interest rates will remain unchanged. Compared with the euro, lower interest rates weaken the dollar%26#39;s attractiveness to overseas investors, expect the dollar will continue to remain at near record low. U.S. financial markets Monday and Tuesday experienced the worst performance after the situation has improved, the dollar is one of the performance. In addition, investors in the euro reaching record highs after profit-taking. Kansas City Federal Reserve Bank President Thomas Hoenig today for U.S. interest rates remain at low levels for too long expressed concern, he considered that this could lead to the overall rise in inflation to accelerate. This speech is also a support to the dollar. Hoenig also said that if the U.S. economic situation to improve, the dollar may rebound. Wells Fargo better-than-expected earnings reports to promote financial stocks rose Wednesday, helped the dollar maintained its gains. In recent trading day foreign exchange market movements have been closely follow the performance of the stock market. Bernanke%26#39;s speech stressed that the main concern of economic growth, relative inflation worries faded, but his comments against the U.S. dollar also has helped. Bernanke said that if the imbalance in the market, the short-term foreign exchange market intervention is reasonable, although it should be as little as possible intervention in the market. In particular, he pointed out that whether or not intervene in the foreign exchange market by the Ministry of Finance decision, Fed only the implementation of decisions. This warning intervention to reduce the dollar%26#39;s downside risk.
Euro / dollar (EUR / USD)
1.5700/1.5600 support, the resistance 1.5950/1.6050
Sterling / dollar (GBP / USD)
1.9900/1.9800 support, the resistance 2.0100/2.0200
U.S. dollars / CHF (USD / CHF)
1.0050/0.9950 support, the resistance 1.0300/1.0400
Dollar / yen (USD / JPY)
104.00/103.00 support, the resistance 106.00/107.00
Aussie / dollar (AUD / USD)
0.9650/0.9550 support, the resistance 0.9850/1.0000
Dollar / Canadian dollar (USD / CAD)
0.9900/0.9800 support, the resistance 1.0100/1.0200
5, important data today 07:30 Japan in July Reuters Tankan non-manufacturing diffusion index -2
07:30 Japan in July Reuters Tankan manufacturing diffusion index -2
07:50 Japan last week to buy foreign stocks (100 million yen) (until 0712) 1233
07:50 Japan last week foreign investors bought Japanese shares (100 million yen) (to 0712) -1925
07:50 Japan last week to buy foreign bonds (100 million yen) (to 0712) 970
07:50 Japan last week to buy the foreign debt (100 million yen) (until 0712) 5151
09:30 Australia in June of imports of goods (100 million Australian dollars) 182
09:30-Australia 6 after the International Rose of imports of goods (on rates) 7.00%
13:00 Japan May leading indicator of a revised 27.3 impact ★
13:00 Japan in May coincident index revised 30
13:30 Japan June Tokyo department store sales (annualized) -2.30%
13:30 Japan in June the national department store sales (annualized) -2.70%
16:00 Italy in May to the EU trade account (100 million euros) 7.7
16:00 Italy May trade account worth (100 million euros) -10.04
17:00 for the euro zone rose 5 after the construction industry output (on rates) -0.80%
17:00 euro zone in May working days adjusted construction output (annualized) -2.40%
17:00 Switzerland in July ZEW investor confidence index -63.8 impact ★
20:30 United States last week, initial jobless claims (to 0712) (000) 34.6
20:30 United States last week, initial jobless claims the four-week average (up to 0712) (000) 38.05
20:30 United States last week continued jobless claims (to 0,705) (000) 320.2
20:30 U.S. June housing starts -3.30%
20:30 U.S. June housing starts (10,000) 97.5 impact ★
20:30 U.S. June building permits (10,000) 96.9 impact ★
22:00 United States last week, the Dow Jones - Bank of Tokyo-Mitsubishi UFJ business climate index (up to 0705) -0.10%
22:00 U.S. July Philadelphia Fed manufacturing index -17.1 impact ★
22:00 U.S. July Philadelphia Fed manufacturing employment index -6.9
22:00 U.S. July Philadelphia Fed price index was 29.7
22:00 U.S. July Philadelphia Fed manufacturing prices paid index 69.3
22:00 U.S. July Philadelphia Fed%26#39;s new orders index -12.4
22:00 U.S. July Philadelphia Fed manufacturing shipments index -6.7
22:35 U.S. natural gas inventories last week EIA change (100 million cubic feet) (to 0711) 900
04:30 United States last week changes in money supply M1 (100 million U.S. dollars) 182
04:30 United States last week changes in M2 money supply (100 million U.S. dollars) -236
04:30 United States last week, foreign central bank holdings of U.S. treasury bonds change (100 million U.S. dollars) (up to 0714) 16.34
06:00 U.S. June SEMI book-to-bill ratio 0.79
6, today an important event in Frankfurt the European Central Bank Financial Management Committee Meeting / no interest rates and the Fed announced 02:00 Washington June 24 to 25 monetary policy meeting record of 02:00 in Washington World Bank President Robert Zoellick held a news conference 02:00, Colorado, Kansas City Fed President Horn on monetary policy and economic prospects delivered a speech in Sydney 09:30 Reserve Bank of Australia announced monthly briefing 10:00 Beijing Bureau of Statistics of China convened the first half of national economic performance press conference 16:00 Finland, EU Economic and Monetary Affairs Joaquin Almunia and the EU expansion affairs commissioner Olli. Ryan (Olli Rehn) on the EU%26#39;s economic challenges faced by a speech 22:30 Ottawa Bank of Canada released the latest currency Policy report / 23:15 held a news conference Disclaimer: The above analysis for reference purposes only and does not constitute intervention recommendations. Exchange investment risks, prudent decision-making!

The euro against the U.S. dollar expected to settle down

Expect the dollar / Canadian dollar will settle down. The dollar / Canadian dollar weighed on the following factors: risk preferences warming to stimulate the Canadian dollar / yen carry trade financing needs, while Canada May manufacturing sales data better than expected.
But the dollar / Canadian dollar limited losses as the dollar strengthened in the global market and oil prices continue to fall. Including the need to pay attention to the data: 1230 GMT released by the Canadian international securities transactions in May, 1430 GMT released by the Bank of Canada monetary policy report update. Dollar / Canadian Yuanri Line indicators point to different, MACD bearish, but the random index oversold levels to rise. The first resistance at 1.0048 Canadian dollars (yesterday%26#39;s high), followed by 1.0069 Canadian dollars (Tuesday high), is likely to break through 1.0140 Canadian dollars (Monday high) rose. Support at 0.9995 Canadian dollars (yesterday%26#39;s low), followed by 0.9972 Canadian dollars (Tuesday low), below is likely to 0.9926 Canadian dollars (June 2 low) fell.
0733 Hong Kong time (Dow Jones) - The euro / sterling expected to be lower. The exchange rate indicators bearish on the map, MACD and random indicators are bearish, parabolic stop-loss reversal yesterday%26#39;s 0.7911 pounds targets in a bearish signal. I see support at 0.7900 pounds (July 7 lows) and then look at 0.7868 pounds (July 1 low), if the price fell below the target will be down at 0.7847 pounds (June 19 low). See resistance at 0.7955 pounds (yesterday%26#39;s high), then look at 0.7984 pounds (Tuesday high), then look at 0.8022 pounds (Monday high).
0733 Hong Kong time (Dow Jones) - The euro / dollar expected to settle down. The following factors to the adverse exchange rate movements: drop in oil prices, dollar sentiment improved, the euro zone economic situation deteriorated, the euro zone in June CPI in line with expectations. However, the following factors or to the euro / dollar fell space is limited: the euro relative to the dollar interest rate differential advantage, and risk preferences warming caused by the euro / yen carry trade financing needs of the euro. Data concern: 0900 GMT the euro zone in May announced the construction industry output data. Euro / dollar on the map of indicators pointing to unknown, MACD bullish, but the indicators were down from overbought region. I see support at 1.5764 U.S. dollars (low last Friday, began with the June 13 low of 1.5301 U.S. dollars of increased support line coincidence), fell after the next look at 1.5689 U.S. dollars (July 10 low). Resistance at 1.5908 U.S. dollars (Figure hour resistance), then look at 1.5948 U.S. dollars (yesterday%26#39;s high).

U.S. dollar up oil prices plummeted Jieshi "rebound"

New York trading on the 16th move up the dollar against major currencies, the price of crude oil fell more than 4 U.S. dollars and to promote the U.S. stock market rose.
The Dow Jones industrial average rose more than 200 points, the market sentiment and the dollar support.
In New York trading the euro lowered the lowest intraday 1.5800 U.S. dollars, greatly detached from the set of yesterday%26#39;s record high of 1.6040 U.S. dollars.
ING Capital Markets in New York foreign exchange trading manager John McCarthy said that the drop in oil prices and market sentiment improved to promote the dollar%26#39;s rise. However, he believes that the overall dollar trend has not changed.
U.S. Federal Reserve Board (Federal Reserve, referred to Fed) Chairman Ben Bernanke (Ben Bernanke) on Capitol Hill on the testimony and the latest release of the U.S. Federal Open Market Committee (Federal Open Market Committee) meeting minutes hinted that both the federal funds short-term interest rates Will remain unchanged. Analysts said the euro compared to lower interest rates weaken the dollar%26#39;s attractiveness to overseas investors, expect the dollar will continue to remain at near record low.
New York City, 16 in future, the electronic trading system, the euro was 1.5818 U.S. dollars, 15, late for 1.5899 U.S. dollars. U.S. dollar 105.17 yen, on the 15th for 104.74 yen late. The euro was 166.39 yen, on the 15th for 166.56 yen late. The pound was 1.9986 U.S. dollars, 15, late for 2.0046 U.S. dollars. U.S. dollar against 1.0179 Swiss francs, on the 15th to 1.0107 Swiss francs.
Analysts said financial markets in the United States has experienced 14 and 15 after the worst performance of the situation has improved, the dollar is one of the performance.
In addition, investors in the euro reaching record highs after profit-taking.
Federal Reserve Bank of Kansas City (Kansas City Federal Reserve Bank) Governor Thomas Hoenig16 on U.S. interest rates remain at low levels for too long expressed concern, he considered that this could lead to the overall rise in inflation to accelerate. This speech is also a support to the dollar.
Hoenig also said that if the U.S. economic situation to improve, the dollar may rebound.
Wells Fargo (Wells Fargo) better-than-expected earnings reports to promote financial shares rose on the 16th, helped the dollar to maintain the gains. In recent trading day foreign exchange market movements have been closely follow the performance of the stock market.
Bernanke%26#39;s speech stressed that the main concern of economic growth, relative inflation worries faded, but his comments against the U.S. dollar also has helped.
Bernanke said that if the imbalance in the market, the short-term foreign exchange market intervention is reasonable, although it should be as little as possible intervention in the market. In particular, he pointed out that whether or not intervene in the foreign exchange market by the Ministry of Finance (Treasury Department) decision, Fed only the implementation of decisions.
Goldman Sachs (Goldman Sachs) in New York currency analyst at Jens Nordvig said, warning that intervention to reduce the dollar%26#39;s downside risk.

European cities in the U.S. dollar against the yen hovering near the 104 level

European city on the 16th session, the dollar against the yen in Asia fell to undertake the trend, the greenback continued low, the level was below 104, currently hovering near the 104 level. -- As of 18:35, the U.S. dollar against the Japanese yen, the greenback closed at 103.91/93, or 0.86 percent.
Dollar Japan announced the five tertiary industry activity index on a seasonally adjusted fell 0.2 percent to 110.4, the ministry said. Hinted that Japan%26#39;s economic slowdown. Bank of Japan in July monthly report that Japan%26#39;s economic growth is further slowed down, mainly attributable to the energy and raw material prices high, for the first time in April to assess the economic downturn. Bank of Japan also downturn on private consumption, industrial output and investment in real estate assessment, reflecting the recent weak economic data.
As the small California mortgage lender IndyMac, as well as the closure of two major U.S. real estate giant premises of the United States and Fannie verge of collapse, the market again worried that swept the global market is not far away from the credit crunch. At the same time, the U.S. Treasury Department last week announced that the rescue plan failed to stabilize the market, it prompted investors to focus on the U.S. financial institutions on risk. Risk aversion sentiment once again high and low-interest money has again been popular, high interest rate currencies are out of favour.
The two incidents on the loan-to-investors worried about renewed crisis. U.S. stocks closed on the 15th continued low, the Dow Jones index closed down 92.65 points to 10962.54 points, or 0.84 percent. The Standard %26amp; Poor%26#39;s 500 index fell 13.39 points to 1214.91 points, or 1.09 percent. Market risk aversion sentiment increased, large-scale open sets of income trading, the yen currency exchange rate financing to promote the overall strength.
Bank of Tokyo-Mitsubishi UFJ, in comparison, the Japanese banking sector to hedge the risk of external capacity is relatively high, investors are beginning to recognize this point. Japanese investors favored the beginning of this growth slow but cash flow sufficient country. And the last two weeks, the hedge market requirements warming. However, the Japanese banking industry can not the U.S. mortgage market turmoil completely immune. As BNP Paribas currency strategist in Hong Kong said, the three major Japanese banks hold a total 44 billion U.S. dollars-backed securities. At the same time, Japan%26#39;s Financial Minister Watanabe-Tuesday also warned the U.S. not to hold the two major U.S. mortgage bonds. Watanabe-The United States warned U.S. dollar fell against the yen accelerated.
Technical level, the dollar fell against the yen for several days, has now dropped to around 104 levels. On the 5th average exchange rate following the rapid low, medium MA Guaitou down gradually. Overall trend to the weak dollar, being held steady above the 104 level, this bit is the entry point for long-term downward trend line, after the break to support the greenback has had to test the line stabilize rebound, showing that the effectiveness of certain support. Once the effective exchange rate will be below the increase in downside risk, then supporting 102.60 (pre-platform). Initial resistance in the June 30 low of 105 level (below resistance to post-), before easing back on its downward pressure on the dollar, then resistance 105.66 (5 day MA Department).
Focus attention on the evening of June U.S. consumer price index, industrial output in June and July NAHB housing price index, the Fed released the night of the meeting June 24-25 record, in addition the U.S. Department of Energy inventory data published a week.

European city in the euro against the dollar below 1.96 consolidation

On the 16th European cities, small Chonggao morning, below the 1.96 in the current consolidation. -- As of 18:34, the euro against the U.S. dollar closed at 1.5930/32, up 0.21 percent.
European data released by the time that the Eurozone June consumer price index (CPI) final, or 0.4 percent, or 4.0 percent, in line with expectations and the initial value. Germany June consumer price index (CPI) final, or 0.3 percent, or 3.3 percent, in line with expectations. French June consumer price index (CPI), or 0.4 percent, or 3.6 percent, the highest record in 17, mainly food and energy prices rose to promote. Data on the greenback little effect on the consolidation of the euro against the dollar.
Germany announced yesterday the July ZEW economic sentiment index fell to record low of -63.9, although the euro%26#39;s recent economic data show weakness, but taking into account inflation at record high of 4.0 percent, the central bank target of 2.0% for the double, and the European Central Bank Officials repeatedly stressed that control of inflation expectations and avoid a second round of pay trigger inflation effect, while the U.S. financial sector led to the deterioration of the economic downside risk increased substantially during the year raising interest rates could weaken the euro against the U.S. dollar short-term likely to remain strong.
By Federal Reserve Chairman Ben Bernanke speech last night hinted that the U.S. economic outlook weak, caused the market to the U.S. demand for crude oil fell concerns, in addition Brazil crude oil production returned to normal, the reopening of oil pipelines in Nigeria and OPEC reduced global demand for crude oil is also expected to Oil prices under pressure. Overnight oil prices fell 6.44 to 138.74 U.S. dollars / barrel, after the largest decline in more than nine U.S. dollars. Affected by this, Tandi rebound in U.S. stocks overnight, to reduce some decline, led all dollar rebound, the euro against the dollar yesterday hit a new record high after a substantial retracement of 1.6036, near the end at 1.59. But the market to the U.S. financial industry worried about further deterioration of the situation in the short term it difficult dissipated.
German commercial banks (Commerzbank) Wednesday said that the United States to be announced today it seems that the data are still unable to disperse the lingering haze over the U.S. dollar, the U.S. June consumer price index may rise, while industrial output and housing market data or will continue to be weak. Therefore, the bank believes that the United States dollar, the international crude oil and the U.S. stock market trend will remain dominant, even though oil prices slipped from record highs, the dollar against the euro has been out of the euro against the vicinity of 1.60 U.S. dollars level, but the foreign exchange market intervention is still May become a reality.
Technical level, the euro against the dollar held steady consolidation of the five-day MA. 5-day MA MA wear on the 10th after accelerating up. Probe into short-term exchange rate of return on the 5th MA rebound of support, if the upward trend in online Shouwen track the level of 1.59, after the consolidation is expected to return to orbit 1.60 Brin online at the top, the middle lane at the rail-line plans Brin 1.63 level and vice versa , If the greenback fell on the 5th MA now find ourselves in the vicinity of 1.5880, the adjustment may be more inclined to further lowered on the 10th that the average level of around 1.58.
New York concerned about the U.S. net capital inflows in May, June consumer price index (CPI), 6 industrial production and capacity utilization, U.S. crude inventories last week EIA changes. Focus attention on the evening of Federal Reserve Chairman Ben Bernanke at the House of Representatives Financial Services Committee released a semi-annual monetary policy testimony presented, and then U.S. Treasury Secretary Paulson will make a presentation.

Experienced the trend line support, but the U.S. will remain unchanged日下

Fundamentals:
U.S. stocks fell sharply by the impact, the dollar was approaching historical lows. But later in the promotion of the oil prices fell, the dollar gradually stabilized. The New York Mercantile Exchange after crude oil futures fell more than nine U.S. dollars a barrel, which brings boost to the stock market, thus pushing up the weaker dollar. Foreign exchange markets yesterday following the stock market has been the trend. However, market and economic concerns oscillation caused by cautious sentiment to the Dow Jones index closed down more than 90 points since July 2006 for the first time fell below 11,000 points mark. Federal Reserve Chairman Ben Bernanke in the Senate Banking Committee to testify on the testimony of the consolidation of the market in 2008 to the Federal Reserve will keep interest rates unchanged before the end of expectations, the dollar%26#39;s recent sharp rebound in the hope of becoming extremely slim. U.S. financial markets caused by concern impact, the euro rose to a record high of 1.6040, breaking the April 22%26#39;s record. Government, through the possibility of intervention helped the dollar close to zero. Bernanke last night that U.S. inflation prospects facing uncertainty, and stressed on economic growth concern. He hinted that, although the Fed has significantly increased economic growth expected in 2008, but economic growth remains a major concern of his current problems. Bernanke is also recognized in the testimony, the dollar fell to some extent pushed up the price of oil, but mainly to global supply and demand are other factors to promote higher oil prices is still the main driving force.
Recalling the session:
U.S. dollar against the yen on the map of direction Hengpan yesterday volatility 211 points to close out a big Yinxian. The exchange rate fell below a large rise from under the accelerated after descending along, had been close to the breaking up of the downward trend line support, but this trend line is expected to effectively curb the probability of the United States and Japan fell by little, investors will continue to decline towards 102.50 first Goals in advance.
Short-term direction of the day: slightly adjusted to the Roll weak support: 104.30 strong support: 102.50
Weak resistance: 106.80 strong resistance: 108.60
The dollar fell below 105.00 yen smooth the weak support, out of great one-day decline in the market, short-short-term momentum strong. MACD on the map of speed line is about to wear under the shaft, near the current exchange rate had been above the downward trend line support 104.30, is expected in this area will have some repeatedly, but eventually extended the probability of significant downward trend. Figure 4 hours, the subjective and objective have been clear downward trend, MACD has freed itself from a single firm position empty stage. Figure hours yesterday in a low Shuguangchuxian combination of the K-Line, but then slow down, near the low of 104.16 once again when the rebound in demand, the average short-order system intact. Is expected to increase slightly today, the United States and Japan will continue to downlink.
Operation of reference:
The recent operation, operation midline interval as a guide to thinking, short-term downward to operate as the guide line of thought.
A warehouse: the hands of the United States and Japan not to allow more single; hands if the United States and Japan-air, stop-loss on 105.20, 102.80 goal.
Kongcang: small Guadan 105.00 short-dollar positions against the yen, stop loss 105.50 target 103.50.

Aussie high abc correction to see more ideas unchanged

Recalling the session trend: Tuesday, a record high Australian dollar 0.9847, to a record high close on a long cross-hatched, the greenback running abc correction, the line on the map to a close with a longer Hatched on the Yangxian, 140 days of volatility, the high exchange rate adjustment sub-running rhythm, running up the support of the main trend.
Short-term direction of the day: small correction to continue upstream.
Weak support: strong support 0.9740: 0.9700
Weak resistance: 0.9790 strong resistance: 0.9850
Trend Analysis: Yuzu high exchange rate to maintain high pullback, the minimum down to 55-day MA support rally near the upstream, the current operation of sub-adjusted exchange rate, will continue to support the uplink. Four hours on the map, to a record high close after a few root of the intensity of Yinxian, that high point in the near Duokong for the two sides are still strong, but in the vicinity of 0.9700 support greater probability of re-up. The line on the map, as the greenback continued to record high, MACD zero axis deviated from the top side again, but the current exchange rate is expected to form an effective wedge along breakthrough, MACD zero axis has also formed a mouth opening up the Jin Cha, the recent remains Up to the main operation.
Operation of reference: the recent operation, the Australian dollar / dollar in the short-term upward operations are based.
A warehouse: Aussie / dollar multi-holder, will be stops at 0.9740, target 0.9820.
Aussie / dollar air-holder, will be stops at 0.9800, target 0.9710.
Kongcang: maintain a wait-and-see attitude.