Early Asian trading on the 30th U.S. dollars from January to a high of slightly down

Early Asian trading on the 30th dollar dropped slightly against the yen, the dollar overnight in New York oil prices fell and the stock market and other favorable factors promoting increased substantially higher. Concerns about the U.S. ADP employment and other economic data.
Early Asian trading on the 30th dollar dropped slightly against the yen, overnight in New York, oil prices fell, the stock market rose and better-than-expected consumer confidence data boosted the dollar rose to one-month high.
On the 30th will be released by the data include: Australia building permits, the European Union later in a business and consumer survey, the British consumer confidence index. U.S. MBA mortgage applications, ADP employment and oil stocks.
08:00 - The following is the U.S. dollar against major currencies around Price:
Change opened as the highest price at the lowest prices before the price of dollar / yen 108.08 -0.03 108.11 108.18 108.06 108.11
Euro / dollar 1.5592 0.0003 1.5588 1.5593 1.5582 1.5589
Sterling / dollar 1.9800 0.0012 1.9789 1.9805 1.9783 1.9789
Dollar / Swiss franc 1.0455 -0.0014 1.0469 1.0471 1.0453 1.0469
Dollar / Canadian dollar 1.0241 0.0003 1.0239 1.0244 1.0236 1.0238
Aussie / dollar 0.9522 -0.0007 0.9528 0.9529 0.9514 0.9529
New Zealand yuan / dollar 0.7388 -0.0014 0.7401 0.7402 0.7382 0.7402
Euro / yen 168.53 0.00 168.53 168.64 168.45 168.53
Source: General foreign

U.S. dollar against the yuan on July 30 morning rose to 6.8347 yuan

U.S. dollar against the yuan on July 30 in morning trading market Request to 6.8347 yuan, on the 29th to close at 6.8264 yuan; price at 6.8351 yuan.
Dealers said the dollar against the RMB on the 29th following the dollar against the euro%26#39;s gains; Dealers also noted that the stronger dollar against the RMB makes the euro the price dropped significantly in 10.6522 yuan, 29, 10.7181 yuan, the renminbi against the euro since The beginning of the year fell. The 1-year U.S. dollar against the renminbi non-deliverable forwards principal at 6.5400 to 6.5500 yuan, on the 29th late at 6.5350 to 6.5400 yuan.

Asian intraday trading on the 30th dollar fell slightly

Asian intraday trading on the 30th dollar fell slightly, before the dollar rose sharply, oil prices have eased substantially, as well as U.S. consumer confidence rose accident.
U.S. stocks rally on the 29th ended higher as a result of Merrill Lynch%26#39;s asset write-down of the action and the issue of new shares, suggesting a turning point in the credit crisis is expected, helped the dollar.
Dealers said that if the latest economic data this week to ease the market economy into recession worries, the dollar is expected to extend gains. Investors will keep a close watch on the 30th to be announced in the ADP National Employment Survey, a re-evaluation of the 1st U.S. official employment data projections.
Mitsubishi UFJ Trust Bank%26#39;s chief foreign exchange manager Hideaki Inoue said that the market has adjusted for the U.S. economy over-pessimistic view. The second-quarter economic growth and employment reports this week%26#39;s key data may encourage some investors to transfer funds into dollars, but it still depends on the outcome of the data.
On the 30th will be released by the data include: EU business and consumer survey, the British consumer confidence index. U.S. MBA mortgage applications, ADP employment and oil stocks.
Following is around 11 dollars - against major currencies quote:
Change opened as the highest price at the lowest prices before the price of dollar / yen 107.95 -0.16 108.11 108.18 107.94 108.11
Euro / dollar 1.5595 0.0 1.5588 1.5600 1.5576 1.5589
Sterling / dollar 1.9819 0.0031 1.9789 1.9822 1.9783 1.9789
Dollar / Swiss franc 1.0447 -0.0 1.0469 1.0471 1.0443 1.0469
U.S. dollars / 1.7 0.0000 Canadian dollars 1.9 1.4 1.6 1.8
Aussie / dollar 0.9495 -0.0034 0.9528 0.9529 0.9483 0.9529
New Zealand yuan / dollar 0.7383 -0.0 0.7401 0.7402 0.7374 0.7402
Euro / yen 168.37 -0.17 168.53 168.64 168.28 168.53
Source: General foreign

NT dollar rose NT on the 30th morning 30.490 yuan

On the 30th NT dollar rose NT 30.490 yuan morning, the volume of normal levels, on the 29th for the NT dollar closed 30.465 yuan, the exchange rate is mainly due to higher global markets overnight after a stronger dollar principal amount of deliverable forwards market investors Have to buy. Oil prices fall may also attract oil companies to buy dollars.
Dealers said that if the end does not depend on exporters selling dollars the support of U.S. rate will decline faster; Taiwan%26#39;s central bank may be in the vicinity of 30.500 yuan NT NT support the market expected in the short-term exchange rate of NT 30.400 -30.500 Yuan interval fluctuations.

Asia City on the 30th after The Australian dollar fell below 0.95 level

Dollar on the 30th session, the Australian dollar is now facing selling, fell below 0.95 U.S. dollars, for the July 9 the lowest level since the minimum see 0.9477.
ANZ Bank foreign exchange strategist Tony Morriss said that the seller is the test of the resilience of the market. People more worried about this trend line is likely to be effective in the short term Diechuan. If true, then Australian dollar dropped 0.93 U.S. dollars, or near, followed by 0.9 U.S. dollars. Lower metal prices overnight and was expected the Australian market in recent weeks the central bank will cut interest rates ahead of the news is putting pressure on the exchange rate.
Australia is concerned about the market will be 09:30 data released by the construction, if the weak data, the Australian dollar against the U.S. dollar will face further downside risk.

NT dollar is expected to slightly higher on the 30th

NT dollar is expected to slightly higher on the 30th. The NT dollar exchange rate on the 29th break through the resistance at 30.450 yuan and closed at a two-month high. Taiwan%26#39;s stock market weakness also boosted the dollar against the NT dollar. Dealers said investors bearish due to the Taiwan stock market, the U.S. may further lower. The exchange rate on the 30th may test the NT 30.500 yuan.
The Dow Jones technical analysis shows that the NT dollar against the resistance at NT 30.500 yuan (mental), then NT 30.892 yuan (January -5 on the market fell by 38.2 per cent retracement). NT support at 30.300 yuan (July 2 low), followed by NT 29.996 yuan (on March 26 set a minimum nine years since the close of nearly NT 30.000 yuan of the psychological barrier).

Hong Kong dollar is expected on the 30th tend to have weak uplink

Hong Kong dollar is expected to have weak upstream on the 30th tendency, because the U.S. economic outlook improving: The Conference Board in July consumer confidence index rose to 51.9, higher than the expected 51.0. Although the U.S. economy may be at the end of the recovery on track, traders are expected Thursday and Friday in U.S. economic data to provide global economic growth prospects for a more clear signal before the Hong Kong dollar or consolidation.
The Dow Jones technical analysis shows that the Hong Kong dollar to see the first resistance at 7.8027 Hong Kong dollar (55-day moving average), then look at 7.8173 Hong Kong dollar (June hit the 12-year high); see support at 7.8000 Hong Kong dollars (Convertibility Undertaking Exchange rate), then look at 7.7950 Hong Kong dollar (mental-bit).

U.S. dollar against the yuan on July 30 or higher

U.S. dollar against the yuan on July 30 may rise, the dollar strengthened on the 29th to follow the momentum.
Traders expect the exchange rate will be in the range of 6.8300 to 6.8400 yuan in the Request market on the 29th to close at 6.8264 yuan, dealers added that the issue of new shares related to the recent yuan will curb demand for the dollar rally. Dealers said some investors to sell dollars for the South to the Group of the prospectus prepared in cash, stock on August 4-5 day subscription.

Early Asian trading on the 30th dollar dropped slightly against the yen

Early Asian trading on the 30th dollar dropped slightly against the yen, overnight in New York, oil prices fell, the stock market rose and better-than-expected consumer confidence data boosted the dollar rose to one-month high.
Japanese trust banks, dealers said the dollar rose slightly against the yen may, as U.S. stocks rose overnight have a positive impact. The current environment conducive to the dollar, traders more easily against the U.S. dollar and good news to react. In addition, traders may be reluctant to in the important U.S. employment report later in the week before the publication of the establishment of a large number of unilateral position.
He also said that under the influence of dollar buying in the euro against the U.S. dollar fell further possible, but taking into account the sharp pullback on the 29th, the euro for two consecutive trading days so sharp fall is unlikely. The current dollar buying leads not trigger this fall.
On the 30th will be released by the data include: Australia building permits, the European Union later in a business and consumer survey, the British consumer confidence index. U.S. MBA mortgage applications, ADP employment and oil stocks.

U.S. dollar against the yuan on July 30 longterm exchange rate table

Following is July 30 long-term U.S. dollar against the RMB exchange rate table:
Maijia date of the purchase price for seven days (7 D) 6.8243 6.8256 2-08-08
One on (1 M) 6.8200 6.8250 2-09-02
2, (2 M) 6.8075 6.8175 2-10-06
3, (3 M) 6.7850 6.7950 2-11-03
4, (4 M) 6.7598 6.7681 2-12-01
5, (5 M) 6.7309 6.7373 2-01-02
6, (6 M) 6.7 6.7075 2-02-02
9, (9 M) 6.6200 6.6250 2-05-04
12, (1 Y) 6.5430 6.5500 2-08-03
15, (15 M) 6.4822 6.4925 2-11-02
18, (18 M) 6.4215 6.4350 2-02-01
Source: Integrated foreign

ADB: Guangxi will focus on strengthening the infrastructure and private sector investment

Asian Development Bank, the first vice president Lawrence »Greenwood said here today attended the pan-Beibu Bay economic cooperation forum , said the ADB will focus on strengthening the infrastructure construction in Guangxi and private sector investment.
According to Lawrence »Greenwood, ADB%26#39;s investment in Guangxi there are three main areas: the building of the port of Fangchenggang, Nanning to the Sino-Vietnamese border Youyi Guan of the Nanning-Kunming railway and highway construction. We are linking China and ASEAN are very interested in the traffic-building, opened up China and ASEAN through the traffic, make it possible for land crossings from Nanning, Guangxi has been-to Singapore. Nanning-Kunming railway and the construction is conducive not only to increase the operating capacity of network traffic, Also able to reduce costs and help the neighboring provinces of Guangxi%26#39;s goods entering the port in Guangxi, to world markets.
Based on past experience, ADB%26#39;s Guangxi will invest in investment around the world the highest success rate of one of the items, Lawrence »Greenwood said that ADB%26#39;s investment in the Beibu Gulf in Guangxi will promote potential investment to the northern part of the Pan - Bay to the construction of Guangxi in China and the ASEAN economic cooperation and play a more important role. (Wang Gang)
ADB has supported the building of urban development in western China, at present, China has nearly 70% of the Asian Development Bank loans into the central and western regions, Guangxi and approved by the Asian Development Bank loan 1.5 billion U.S. dollars, a western region of the first ADB loan The two provinces, second only to Sichuan Province.

Employment slowdown in demand in Japan June unemployment rate was 4.1 percent

According to Singapore Zaobao Wang news, the Japanese government data showed on the 29th, Japan%26#39;s June unemployment rate was 4.1 percent, in September 2006 and the highest point of the same, that economic growth was slowing due to Japan%26#39;s demand for employment - Ease.
Sources said that Japan%26#39;s June unemployment rate higher than May%26#39;s 4.0 percent, the market estimate of 4.0%. Despite the decline in household spending was less than expected, but failed to ease Japan%26#39;s economic might to a standstill concerns. In addition, the June jobs-to-applicants ratio was 0.91, also lower than in May of 0.92, on behalf of every 100 job seekers are 91 employment opportunities, and in February 2005 low of flat.
Japanese news with a senior securities analyst economic analysis that the data confirmed the result of economic growth was slowing, the slowdown in demand. But companies do not face the problem of over-employment, youth employment and population decline and other factors so that enterprises still face the problem of labour shortage, so the job market there will be no significant deterioration.
Sources also said that data showed Japan%26#39;s unemployment in June year-on-year increase in the number of 240,000 people, reaching 2.65 million people, for three consecutive months to maintain increased employment in the same period last year by 40 million people, 64.51 million people, for five consecutive months of decline.

German July inflation rate still at nearly 15year high

German Federal Statistical Office announced on the 29th of the data showed that German consumer price index in July compared to the same period last year, with growth of 3.3 percent, with the June increase in the same ring while monthly growth of 0.6%.
6,7 in the German consumer price index year-on-year increase in December 1993 hit a record high since, the main reason is oil and other energy prices. Excluding this impact, the July consumer price index rose 2.2 percent, the Central than the 0.5 percent growth.
Inflation will reduce the high level of consumer demand and further drag on economic growth. Prior to that data shows that the German consumer confidence index has dropped to five-year low. There are, however, analysts believe that with the fall in oil prices and the economic downturn, the German inflation rate may have peaked, the next few months would decline.

U.S. house prices accelerated down major cities

Standard %26amp; Poor%26#39;s on the 29th issued by the Keys - Schiller Price Index showed that in May U.S. housing prices in 20 major cities in the same period last year decreased by 15.8 percent, 15.2 percent higher than April%26#39;s decline, showing accelerated down Posture. This is also the index in July 2006 reached the highest consecutive 22 months since the decline.
Analysts believe that the financial institutions because of more stringent loan conditions, and many people buy a wait-and-see attitude, the United States will continue down the prices. IMF also believes that the U.S. real estate market at the bottom has not yet appeared.
According to the National Association of Realtors releases data, in June the United States second-hand housing sales fell 2.6 percent to the lowest point in 10. Case - Schiller index, a few years ago prices rose a larger area, the greater the rate of decline, such as Las Vegas and Miami, respectively, a decrease of 28.4% and 28.3%; In contrast to a relatively small decline, such as Chicago%26#39;s housing prices fell 9.4 percent.
Case - Schiller%26#39;s housing price index by economists Kaerkaisi and Robert J. Shiller, who developed, it is measurable Dudong housing price movements. The index covers 20 major cities in the United States include: Phoenix, Los Angeles, San Diego, San Francisco, Denver, Washington, Miami, Tampa, Atlanta, Chicago, Boston, Detroit, Minneapolis, Charlotte, La Siwei Gaston, New York, Cleveland, Portland, Dallas and Seattle. (Tan Shusen)

German Federation of German Industry and Trade forecast export growth will slow

Federation of German Industry and Trade said on the 29th, the strong euro and the world economic downturn adversely affected, 2008 and 2009 German export growth will slow.
The association predicted that 2008 German export growth rate of 8.5 percent from last year fell to 7 percent, while growth next year will be only 6 percent. 2008 import growth will be last year%26#39;s 5.2 percent rise to 7.5 percent, 2009 is projected at 6.5 percent.
The United States, as German products Jinkoudaguo status is declining. Within the European Union, the United Kingdom in the next year is likely to become second only to France%26#39;s second largest importer of German products. In addition, global trade is expected this year and next year, up 6.3 percent and 6.6 percent, Germany%26#39;s share in global trade will remain the same.
German Federal Bureau of Statistics showed that the euro at record highs, oil prices rose and the United States affected by factors such as economic recession, Germany in May exports fell and hit four years biggest one-month decline. (Younger brother of Lu Xun%26#39;s new group)

Foreign investment in the first half of the Brazilian enterprises a historical record

According to the Brazilian central bank released the latest statistics, the private sector in the first half of this year the Brazilian foreign investment 8.579 billion U.S. dollars, a record high over the same period.
Brazil the first half of private foreign investment mainly concentrated in the financial, food and steel industry. Foreign investment in the financial sector accounted for 31 per cent of total, food and iron and steel industry accounted for 16% and 13%.
Brazilian private sector investment in the first half of the largest in the United States, foreign investment accounted for 31% of the total. This was followed by the Cayman Islands, 23 per cent. In other Latin American countries accounted for 15 percent, ranking third. Brazilian enterprises in the Latin American investment mainly in Argentina and Chile.
Analysts here pointed out that the acquisition of competitors or foreign subsidiaries contribute to the establishment of the competitiveness of enterprises, and the appreciation of the Brazilian currency in recent years Brazil has accelerated the process of the internationalization of enterprises. At present, the going out enterprises in Brazil has become a trend. (Xinhua)

Japan July small business confidence index for the 39.9

Comprehensive foreign July 30, Japan in July between the confidence of small and medium-sized enterprises fell to the lowest level in six years, due to rising energy prices weakened the profitability.
According to the Japanese in the Bank of Commerce and Industry (Shoko Chukin Bank) 30 released on the 1000 monthly business survey showed that small enterprises in Japan in July from June confidence index fell to 39.9 of 40.7 for the fourth consecutive month decline. The index below 50 indicates a pessimistic attitude than the number of small businesses are optimistic about the small number of enterprises.
27-year high in the wholesale inflation are squeezing the number of employed workers in Japan accounted for 70 percent of the total small business profits. The decline in corporate profitability makes room for salary increases and the employment of the staff room for smaller, as the world%26#39;s second largest economy, Japan%26#39;s household consumption prospects cast a shadow.

The U.S. Department of Agriculture for nonpayment of a fine not plan to withdraw from fallow

The U.S. Department of Agriculture Minister Xie Dover on July 29 that the Government will not be allowed to participate in environmental protection fallow plan (Conservation Reserve Program) land owners in the non-payment of a fine under the circumstances to withdraw from the scheme. This is also related to the recent release of environmental protection should fallow farmland in the plan to increase grain production and stabilize grain prices in the controversial draw to an end.
Xie said the Buddha, the U.S. Department of Agriculture is in full consideration of the recent growth of the crop report, weather conditions, agricultural prices and other factors made the decision. He said that in June the U.S. Midwest floods of serious damage to crops is not as imagined in such a big, and since the last few weeks to weather conditions suitable for corn, soybeans and other crops in good condition, the spot price of corn dropped by 25 percent, soybean Decreased by 14%.
Hsieh also pointed out that the Buddha, made the decision another simple reason is that, according to the spring of this year has just passed the 2008 farm bill relating to environmental protection fallow the terms of the scheme, the U.S. Congress will be included in the programme area of land ceiling from 39.2 million acres down to 3200 10,000 acres. Therefore, the current 34.7 million acres of fallow area will face a contraction. According to the plan, 2008 -2010, there will be a total of 9.3 million acres of fallow area expires.
Since 1986 the U.S. began implementing the environmental protection plan fallow and returning farmland to forest and grasslands of China%26#39;s plan similar to that provided by the Government subsidies, voluntary participation of land owners to ecological construction as the main purpose of some land fallow and restoration of vegetation. According to regulations, participate in the project even though the land owner can always opt out, but the company must refund with interest subsidies provided by the Government, of course be at the same time, to subsidize 25 percent of the fines.
In recent years due to skyrocketing prices of agricultural products, in order to increase crop yields, agricultural organizations and even some members of Congress have been urging farmers to allow non-payment of fines in the case of early withdrawal from fallow plans, particularly in the U.S. Midwest in June after the severe floods, more voices As strong. And some land conservation organization believes that, even if the land fallow plans were released, its agricultural output and prices will also very limited, but also on soil, water and wildlife habitat to cause serious damage, so resolutely opposed to .

Japan's automobile exports in June rose 5.5 percent

Japan Automobile Manufacturers Association (Japan Automobile Manufacturers Association) 30 announced the data showed Japan%26#39;s automobile exports in June rose 5.5 percent for 35 consecutive months of increase.
Data also showed that Japan%26#39;s auto exports in June from 2 in the same period of 563,722 to 594,684.

Japan's vehicle production in June rose 4.5 percent

Japan Automobile Manufacturers Association (Japan Automobile Manufacturers Association) 30 announced the data showed Japan%26#39;s vehicle production in June rose 4.5 percent, the tenth consecutive month of increase.
Data also showed that Japan%26#39;s vehicle production in June from 2 in the same period of 990,114 to 1034317.
In addition, the Japanese domestic vehicle demand in June, fell 3.3 percent to 446,990.

United States 09 or skyrocketing budget deficit to reach 482 billion U.S. dollars

The White House budget director of the Office of Management吉姆尼塞尔on the 28th, due to slow economic growth, housing prices fell more than expected and inflation and other reasons, starting from October this year, the White House 2009 budget deficit may be skyrocketing, from The projected 407 billion U.S. dollars adjusted to 482 billion U.S. dollars.
This is the U.S. government budget deficit for three consecutive years down the first time since the explosive growth. Bush in his second term brought the deficit by 2005 of 318 billion U.S. dollars to the successful control in 2007 of 162 billion U.S. dollars. However, since last year, the economic downturn and other factors affecting the expansion of government expenditures steadily increased, the Financial stretched. February of this year, Bush warned that, because a large number of support for the war in Iraq and Afghanistan and for a series of tax cuts to stimulate economic plan, the 2008 budget deficit may reach 410 billion U.S. dollars. This figure does not include Congress recently adopted by the tens of billions of bills to save the city.
Although the White House has given the figures are alarming, but experts believe the actual situation may be even worse. For example, the 2009 budget for the wars in the spending 70 billion U.S. dollars, while actual expenditure could be as high as three times. In addition, the White House on the assumption that economic growth next year to 2.2 percentage points, although the beginning of this year than the three percent have reduced, but many economists than the expected 1.7 percent or a bit over-optimistic. As for the inflation rate and unemployment rate, the White House settings are also very confident.
That is not a true figure, former Finance Minister Paul O%26#39;Neill said the deficit was 482 billion underestimated, may actually over 500 billion U.S. dollars. Shadow of the new fiscal year%26#39;s budget so that the Bush administration%26#39;s fiscal policies face a wide range of queries and criticisms. Republican presidential nominee John McCain blasted Bush%26#39;s unrestrained spending left a poor legacy.
The prospect of huge budget deficits to the next U.S. president to the problem. Whether Obama is the Democratic Party or the Republican John McCain entered the White House, the reality of financial constraints will allow them to fulfill election promises to reduce significantly the space. At present, Obama and McCain did not appear to have too much attention to the problem of budget deficits. McCain said it would extend and expand Bush%26#39;s first term since the policy of tax cuts and research institutions are expected if his plan fully implemented, in the next 10 years could cost 3.6 trillion U.S. dollars. And Obama%26#39;s policy - for years earning less than 25,000 U.S. dollars of many poor families, and the tax cut plan, will be in 10 years spent 2.7 trillion U.S. dollars. In addition, according to Obama%26#39;s campaign promise, he was elected after a year on health care, renewable energy and education, infrastructure and other aspects of the expenditure will increase 130 billion U.S. dollars.
To achieve these ambitious plans, the money come from » Obama advisers said, lies in an early end to the war in Iraq, increase education and reduce medical expenses of agriculture, private insurance companies in sectors such as subsidies. McCain%26#39;s team said that the cyclical difficulties Federation of the past, and to pin their hopes in the U.S. economic recovery. Analysts here believe that the next President of the United States is facing in 1993 President Clinton the same situation, and can eliminate the deficit will be an important test of its ruling.

For the thirst of the property market to the U.S. government to new tactics

With the four big banks launched a new bond to promote the mortgage market liquidity U.S. government-related agencies and four major banks announced on the 28th launched assets secured bonds, in order to suffering from the credit crunch affecting the U.S. mortgage market Financial support.
According to U.S. Treasury Secretary Paulson announced the same day to this plan, the U.S. government will encourage the Bank of America, Citigroup, JP Morgan Chase and Wells Fargo to housing mortgage loans or other debts arising from cash-flow basis, issuing bonds secured assets.
The loan-to-crisis with the United States suffered in the controversial mortgage-backed securities of different banks in the distribution of assets secured bonds at the same time provide security for these bonds, and such bonds will appear in the bank%26#39;s assets on the balance sheet.
Analysts point out that this system will be designed to release the bank focus on its housing mortgage loans or other debts of quality, avoid junk loans and bank loans through securitization of the risk onto other investors.
In addition, the U.S. mortgage market suffering from the impact of the credit crunch, the United States four major banks through the issuance of bonds secured assets, to raise funds for the U.S. to provide home buyers mortgage, thereby help of the U.S. housing market The current serious crisis.
U.S. Treasury Secretary Paulson on the 28th in the statement that the assets secured bonds to provide new financing channels, can use to expand the scale of mortgage financing, improve underwriting standards and enhance the strength of U.S. financial institutions. Paulson and Federal Reserve Chairman Ben Bernanke in recent months have said that such a bond is to help revive the sluggish U.S. real estate market in a way.
It is learnt that although many U.S. investors are not familiar with assets of unsecured debt, but its market in Europe was widely used, the size of the market amounted to 3 trillion U.S. dollars.
However, some analysts pointed out that the relevant U.S. government agencies and four major banks jointly issued bonds secured assets while the United States will help stabilize the housing market, and may to a certain extent, reduce the U.S. mortgage market to Fannie Mae and premises of the United States Rely on, but this new means of financing the U.S. financial system can not solve all the problems faced.

Next fiscal year the U.S. government budget deficit will reach a record 482 billion U.S. dollars

White House Office of Management and Budget report released on the 28th forecast, due to the economic downturn and the large number of tax rebates, the next fiscal year the U.S. government budget deficit will reach a record 482 billion U.S. dollars.
The White House has previously predicted that the year ended September 30 of this fiscal year the deficit will be 410 billion U.S. dollars, from October 1 this year, the beginning of the next fiscal year deficit of 407 billion U.S. dollars.
Analysts believe that, taking into account the U.S. economy is still the danger of recession, the Government may have to continue to take tax rebate to stimulate the economy, the next fiscal year%26#39;s budget deficit likely to rise.
For the record budget deficit, White House spokesman Pei Linuo on the 28th that this was the Government to promote economic development must pay a price. In her view, because of the government%26#39;s economic stimulus plan implemented, the U.S. economy is expected in the next few months out of its predicament, and by 2012 can still achieve the Government%26#39;s fiscal surplus. (Liu Hong)

Barroso on the Doha round of miniministerial meeting expressed disappointment at the failure of the negotiations

European Commission President Jose Manuel Barroso in a statement the evening of 29, held in Geneva on the Doha Round of WTO mini-ministerial meeting expressed disappointment at the failure of the negotiations.
He said that the European Commission had tried to reach a beneficial for all parties a fair agreement, if the world trade agreement will play a good role in promoting.
Barroso said that the Doha Round of negotiations failed mini-ministerial meeting does not mean that future negotiations can make progress. He would recommend that all EU member states on the talks evaluation of the results, and for the future at an appropriate time with major trading partners to prepare for re-engagement.
From the 35 members of the WTO%26#39;s trade and agriculture ministers from 21, in Geneva on agriculture and non-agricultural market access issues to hold consultations. As two important members of the organization of agricultural products in developing countries, special safeguard mechanism difficult to reach an agreement, the WTO mini-ministerial meeting on the 29th ended in failure. (Shangxu-him)

Japan in June for mining production fell by 2 percent

Japanese Economy, Trade and Industry announced on the 30th of the statistical data shows that in June this year, the Japanese mining production index for the 107.1, a decrease of 2 percent the previous month. This is the first time in two months the index fell again.
Data show that in June this year, the current statistics of the 16 species in the industry, there are 12 species of the industry production decline. Among them, petroleum coal products industry, transport machine-building industry, general industrial machinery, non-ferrous metal industry production decline larger 6.7 percent decline the previous month, respectively, 5.3%, 3.5% and 2.6%. And precision machinery industries and information and communication machinery of industrial production sales, respectively, an increase of 3.7 percent the previous month and 1.1 percent.
Data also showed that in June this year, Japanese shipments index for the mining 106.9, down 3 percent from the previous month; inventory index for the 106, rising 1.2 percent the previous month.
At the same time manufacturing production forecast released by the survey results show that in July this year, Japan%26#39;s manufacturing output will decline 0.2 percent the previous month and August will also decreased by 0.6%.
Japanese Economy, Trade and Industry, Japan%26#39;s overall mining production workers in the doldrums of sluggish state. (Liu Yuan)

Data showed: U.S. house prices in May dropped by a record 15.8 percent

According to the British Financial Times Chinese network reported that U.S. housing prices decline in May reached a record 15.8 percent, the ailing U.S. housing industry is able to embark on the road to recovery, people this can hardly be optimistic.
S %26amp; P / Case-Shiller price index, which surveys 20 major cities in the United States, house prices in May on an annual average has dropped, which is the largest drop of 28.4 percent in Las Vegas, the smallest drop Is the Charlotte, North Carolina, 0.2 percent.
Reported that, although overall figures were slightly stronger than economists expected, but the index is still eight years to create the largest decline, and higher than April%26#39;s 15.3 percent.

1 billion U.S. dollars this year, the United States over a 2003 bankruptcy case to the highest

According to the U.S. enterprise bankruptcy and data tracking site BankruptData statistics, this year the United States in asset size of more than 1 billion U.S. dollars of corporate bankruptcies has reached seven, is the largest since 2003, 2001.
According to a Reuters report, the United States this year filed for bankruptcy protection to the largest enterprises are the Fremont General Corporation. The company was once the largest U.S. provider of secondary mortgage loans, filed for bankruptcy protection before the asset size of 13 billion U.S. dollars. Filed for bankruptcy protection last week, energy traders Semgroup this year is the second largest corporate bankruptcy, the assets of 60 billion dollars.
Analysts believe that the high rate of corporate debt, energy and raw material prices skyrocketing, the U.S. weak economy and other reasons, the American Enterprise bankruptcy crisis could be reached a peak in the middle of next year and continue into 2010. This means that this year and next year there may be more U.S. business bankruptcies.
The last time the U.S. corporate bankruptcy is the peak period of 2001-03, 2001, a total of 25 assets of more than 1 billion U.S. dollars in the enterprise bankruptcy, in 2003 to 15.

Japan's industrial output in June on a seasonally adjusted fell 2 percent

Comprehensive foreign reports, Japan%26#39;s industrial output in June on a seasonally adjusted fell 2 percent to 2 ministry said, but increased by 0.2% year-on-year.
Japanese government announced on the 30th of the data showed Japan%26#39;s industrial output in June on a seasonally adjusted fell 2 percent to 2 ministry said. Economists had expected a monthly fall of 1.7 percent.
Data also showed that Japan%26#39;s June industrial output for the quarter rose 0.2 percent year-on-year, and after the expected value of year-on-year increase of 0.6%. Japanese Economy, Trade and Industry on July 11 reported that, following the 0.2 percent decline in April, the Japanese May industrial output rose a revised 2.8 percent the previous month.
Japanese Economy, Trade and Industry also said that Japanese manufacturers are expected July industrial output value, than would fall 0.2 percent in August dropped 0.6 percent. (Ge Chunhui)

Japan 1 to 10 July trade deficit of nearly 38.4 billion yen

Comprehensive foreign reports, Japan%26#39;s Finance Ministry announced on the 30th, Japan 1 to 10 July trade deficit of 38.35 billion yen, with exports 2.49 trillion yen and imports 2.528 trillion yen.
The data to the goods through customs statistics as a benchmark, and without a seasonally adjusted.
Japan%26#39;s 2007 trade surplus over the same period of 8.03 billion yen. (Ge Chunhui)

Global rice wheat and other grain prices soaring grain prices in China were not affected

After a frenzied round of the June increase, the Chicago Board of Trade (CBOT) futures varieties of agricultural products in July has experienced a continuous decline.
In the past week, due to the international crude oil futures plunged to drag and the weather continued Qinghao, (CBOT) futures of several major agricultural products - corn, soybeans, soybean oil and soybean meal, and other varieties started as a whole, Tandi Quotes, Have decreased. Corn futures or even taking the early gains, on July 23 as low as 5.63 U.S. dollars per bushel, from June 27 of 7.9925 U.S. dollars History fallen by 30%. Only wheat futures continued to decline because of previous, much-needed technical rebound and that there was up.
International agricultural futures nearly two months of roller coaster trip has not received the spot market of China%26#39;s grain consumers full attention, because domestic prices of major food spot almost unaffected.
In addition to the high degree of dependence on foreign oil futures prices recently outside shocks set down under the impact of diving, other varieties such as corn, wheat, rice, production and marketing around the spot prices remained stable or even slightly in the corn Succession gap At present, corn prices have not been rising.
Fortunately, not only the near future. Since last year, the global agricultural futures and the spot are bullish, the global rice, wheat and other grain prices soared, and domestic grain prices under pressure only in the cost of a modest rise. There are even people describe China%26#39;s grain price has become a global grain prices depression.
China%26#39;s grain prices How can exception »
We know that exclude other external factors such as speculation, the spot price of grain decide the level of the most fundamental factor is supply and demand changes. As a basic food self-sufficiency of the country, in addition to rely on imports of soybean, China%26#39;s wheat, rice, corn and other products to achieve self-sufficiency rate of 95 percent or more, the basic balance of supply and demand on the domestic grain prices are also ruled out outside interference, remained relatively Stability of the root causes.
To remove these platitudes the reasons for the recent undoubtedly have some information to the stability of the domestic grain market, adding a lot of positive elements.
The Ministry of Agriculture said that China%26#39;s summer grain harvest again this year, the total output reached 240.8 billion jin, an increase in the burden of 6.1 billion, an increase of 2.6 percent, and output for five consecutive years; summer grain yield a new record high, the per-mu yield 299.5 kilograms, 7.2 kilograms more , An increase of 2.5 percent; further improve the rate of high-quality wheat, reaching 63.2 percent.
At the same time, July 13, 2008, the National Rice Kuaqujishou boot formally launched. According to the Ministry of Agriculture Agricultural scheduling, the area of early rice is basically stable, good harvest in sight; autumn grain of a slight increase in autumn grain crops growing in the field good.
The hands of a grain, and do not mind coming, harvest information given us the assurance to eat.
Of course, the state regulation also 功不可没, the state grain market in the certificates have to keep throwing an increase of the grain market weight.
It should be noted that the Chinese grain prices, even if no recent worries, but there are Yuanlv, can not be denied is that China%26#39;s future food security there are still some hidden dangers. The cost of agricultural production increased substantially so that farmers Jiaokubudie, and the relatively low grain prices also dampened the enthusiasm for growing grain farmers; countries in recent years despite increased agricultural subsidies, but the price of grain is comparable to migrant workers.
In addition, medium and long-term food supply situation is gradually tight show: on the one hand, population growth, food consumption growth and growth in demand for processing, medium and long-term food needs of rigid upward on the other hand, the increase in grain production space narrowing, the main varieties of grain stocks Consumption fell. (Jin Wang)

European city on the 30th dollar dropped against the yen Chonggao

On the 30th morning European trading, on expectations Japanese investors will be the summer bonus for the purchase of a higher yield overseas assets, the dollar was up nearly one-month high. However, with the euro to break through 1.56 juncture, and European cities after the dollar against the yen dropped to below 108. -- As of 5:40 p.m., the dollar was at 107.83 yen.
ADB announced in early trading today in Japan June industrial output for the quarter, down 2 percent for two ministry said, weaker than economists expected and down from 1.7 percent in June industrial production rose 0.2 percent annual rate, The market was also lower than expected, up 0.6 percent. However, data on the trend of the yen almost no impact. However, the Japanese Ministry of Finance as of 4 to report in June for the second consecutive quarter downturn in the economy, the reasons for the many areas of employment, industrial output and consumer weakness. The quarterly report summed up the Ministry of Finance in 11 divisions across the country to regional economic analysis. The latest assessment further showed that with high oil prices and U.S. demand fell constraints of Japan%26#39;s economic growth, policy makers view the economy has become increasingly pessimistic. The report said, many parts of the current economic stagnation in some areas revealed signs of economic weakness. The wording of the first quarter than a little pessimistic about the report, the contents of the report is the first quarter of the Japanese economy as a whole has stagnated.
From the point of view of dollars, analysts believe that foreign institutions and investors confidence in the dollar%26#39;s rally will be increased. Because there are signs that global inflation caused by the rally in commodity prices, are approaching the end. At the same time, although there are still voices worried that the U.S. banking industry and housing prices, but the worst period in the past may be forthcoming. In fact, the U.S. dollar early this week to face down the stock market sentiment and risk aversion to heat up, still show the vitality, may indicate that investors like once again on hold long dollar.
German commercial banks Wednesday said that the recent trend against the U.S. dollar remained neutral. The bank pointed out that the ideal situation, based on K Line closed, the dollar against the U.S. dollar above the 108.58 high may limit up the momentum, but in view of the wide range of roof construction has not yet been completed, is expected to exchange rate still further upstream space. However, the bank also warned that if the exchange rate on the failure of exploration, were concerned about the support of regional efforts to 104.01.
Today, investors concerned about the U.S. market in North America early July ADP employment change, the former for the decline in value of 79,000 people, 60,000 people expected to decline, the dollar is expected to provide guidance. In addition, the United States will announce this evening a week crude oil inventory data, oil prices may affect short-term trend of the euro against the dollar.

European city on the 30th rebound in the euro against the U.S. dollar down

The euro zone economic sentiment index in July weak impact on the 30th European city after the euro against the dollar since early rebound high of decline. -- As of 17:34, the euro against the dollar at 1.5606, after yesterday fell below 1.56 after crossing today to recover this juncture.
Data, the European Commission released the latest data showed that euro zone economic sentiment index in July fell to 89.5, a revised 94.8 last month, the former value was 94.9, while analysts had expected for 93.0. The euro zone industrial sentiment index for 8, last month for the services sector index for the -5,7, 1,6, at 9, while consumer confidence index for the -20, -17, below the June level. In addition, the euro zone consumer inflation expectations in July from June 31 dropped to 30.
Italy Bureau of Statistics data released Wednesday showed that Italy June producer price index annual rate of growth of 8.2 percent since 2003 to its highest level since statistics began, the average analyst forecast of growth of 8.1 percent, in May the index increased 7.5 percent.
Fundamentals, analysts said overseas institutions and investors confidence in the dollar%26#39;s rally will be increased. Because there are signs that global inflation caused by the rally in commodity prices, are approaching the end. At the same time, although there are still voices worried that the U.S. banking industry and housing prices, but the worst period in the past may be forthcoming. In fact, the U.S. dollar early this week to face down the stock market sentiment and risk aversion to heat up, still show the vitality, may indicate that investors like once again on hold long dollar.
German commercial banks said Wednesday, the euro fell to 1.5604 against the dollar Tuesday at the bottom, and a longer time period from day K Line momentum indicators also fell below the trend line support level is expected to technical outlook has changed. The bank pointed out that the euro against the dollar means that the trend line be broken or reversed the trend will lead to fluctuations in the interval, the current fluctuations in the possibility of greater range and short-term or a more complex range. The euro is likely to rebound before the test 1.5284 to 1.5340 support level. In addition, the bank also noted that recently, the market is expected to be in shock Feng Gao sold in trading, down the line two weeks of resistance standards expected in the days of 1.5831 to the euro limit increase.
North American investors concerned about the U.S. market early July ADP employment change, the former for the decline in value of 79,000 people, 60,000 people expected to decline, the dollar is expected to provide guidance. In addition, the United States will announce this evening a week crude oil inventory data, oil prices may affect short-term trend of the euro against the dollar. (Lifted)

The United States and Japan continue to impact 108.60

Fundamentals:
Yesterday, the dollar rose sharply. U.S. stocks rise, oil prices fall, and a report showed U.S. consumer confidence better than expected. The news to the large-scale dollar buying, the market is expected to start from the credit crisis in the United States will be back in time Europe and Japan. The market had to re-consider the U.S. economy pessimistic expectations, this change to promote the recovery of the dollar sentiment. U.S. gasoline prices decline triggered a drop in demand, the U.S. stock market gains. Dow Jones industrial average rose more than 200 points, crude oil futures fell more than three U.S. dollars hit a two-month low of 120.42. Better-than-expected consumer confidence report to the U.S. dollars to support. July consumer confidence index rose to 51.9 slightly higher than market expectations of 51.0. Although the data is still nearly 16 years of low, but its modest rebound is more than offset weakness in the U.S. housing price data for the adverse effects. May comprehensive housing price index decrease compared to 16.9 percent, the biggest drop historical record shows that the U.S. housing market weakness. However, the market think the U.S. economy is entering a recovery track. U.S. economy may have been far from the bottom.
Recalling the session:
U.S. dollar against the yen on the map of direction Hengpan yesterday volatility 100 points to close out a small Yangxian. The greenback hit the trend line after the rally to continue, and again a record high, breaking the 108.00 line. Although the hours re-emergence of a new map of the top deviated from the signal, but today the United States and Japan has again failed to break through the impact of strong resistance of 108.60 still greater probability.
Short-term direction of the day: Chonggao down weak support: 107.30 strong support: 106.57
Weak resistance: 108.30 strong resistance: 108.60
U.S. dollar against the yen continued to maintain a good short-term gains, again close to the center line to be strong resistance. On the map, the exchange rate stable operation in the central channel, objective trend Hengpan, if the United States and Japan to further open up the space above the needs of the force had dropped significantly in the last high of 108.60. Four hours map, based on average exchange rate system, The United States and Japan to a new high after the MACD signal a departure from the top, indicates rising momentum has weakened. Hours map, the trend line still played a good supporting role. Although there has been new MACD deviated from the top, but U.S. and Japanese short-term rising trend has not changed. At present all non-US currencies in the short-term decline, is expected today, the United States and Japan will once again be around 108.60, but the direct breakthrough of a certain difficulty.
Operation of reference:
The recent operation, operation midline interval as a guide to thinking, short-term operation as a guide to progressive ideas.
A warehouse: many hands if the United States and Japan alone, stop-loss on 107.50, 108.50 goals; hands if the United States and Japan-air, stop-loss on 108.90, the first objective of 107.40.
Kongcang: today continue to wait and see.

Australian dollar fell below gains access challenges encountered

Recalling the session:
The Australian dollar on the map of direction Hengpan yesterday volatility 87 points to close out a small Yinxian. Along with other non-US fall of the Australian dollar also made below the line on the rise from under the plan along, the gains experienced certain challenges. Hours map is expected to depart from the end of a new signal, but has not re-do more Australian dollars. If the 0.9475 support has been effectively below, investors have gradually slid 0.9330 Australian dollar risk.
Short-term direction of the day: the end of adjustment continued strong support down: 0.9326
Weak resistance: 0.9507 strong resistance: 0.9592
The Australian dollar continued rapid decline in short-term. On the map, along been under the rise from the edge below, MACD signal the continuing departure from the top, this wave pullback can be seen as a departure from these amendments. Prior to the last drop of 0.9476 of a low can be significantly below the smooth Aussie investors determine the downlink space. Figure 4 hours, the average short-order system, MACD in a departure from the end. Aussie tendency has been completed 5 waves down in a wave still have re-adjusted lower the risk. Hours map, this wave down the last significant high points lower to 0.9507. If the MACD speed lines formed Jin Cha, will have a major point of departure from the end of the signal. At present the Australian dollar to go short the short-term thinking, but today the exchange rate under a Huichou passage along the risk of wait-and-see proposal to suspend for good.
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: Australian hands if it has more orders, stop-loss on 0.9440, target 0.9570; hands if Aussie-air, stop-loss on 0.9550, target 0.9350.
Kongcang: temporary wait-and-see today.

De Yu Jin of the commentary

Exchange the previous day recalled Tuesday the foreign exchange market the dollar%26#39;s rally. The U.S. Chamber of Commerce report released Tuesday showed that U.S. July consumer confidence index on rise in the rate of 0.9 to 51.9, much higher than the expected 50.1 for the first time in December last year increased. Although consumer confidence had improved, compared with the same period last year, the index is still significant decrease by 54%. U.S. S %26amp; P / Case Shiller20 cities Price Index for a record annual rate of decline of 15.8 percent, indicates the U.S. housing market is still not optimistic. However, because of the seven areas of housing prices there rose yesterday, the decline in housing prices data is still better than expected. Therefore, investors in the U.S. economic outlook expected to improve. U.S. steel companies announced the seven years since the best earnings reports to help usher in the U.S. stock market rebounded strongly. Brokerage Merrill Lynch plans to sell 8.5 billion U.S. dollars of shares and liquidation 30.6 billion U.S. dollars of bonds, suggesting that the credit crisis could be improved. Prior to Merrill Lynch reported a further 5.7 billion U.S. dollars of assets offset the news of an increase in the market to the U.S. Constitution concerns the banking industry. Merrill Lynch announced in the issue of new shares, the market for financial stocks attitude began to change, investors generally believe that the assets of Merrill Lynch recently Chongjian may mean that the banking industry will spend the loan-to-crisis difficulties. Because the stock market rebounded strongly, the U.S. dollar against a basket of currencies higher.
Technical indicators and trend forecast: U.S. data unexpected turn for the better, suggesting that the dollar could be further strengthened euro / dollar euro / dollar is expected to settle down, or see the first goal of supporting 1.5520 U.S. dollars. Tuesday French consumer confidence index for the first seven months fell and hit a record low, the euro / dollar fell under pressure. A series of recent euro zone economic data have added investors in the euro zone economic outlook worries. French consumer confidence data for such concerns also added new evidence, which would make the euro / dollar under pressure. U.S. consumer confidence index unexpectedly stronger-than-expected crude oil a 12-week low, as well as U.S. stocks rebounded strongly, as the dollar continued to rise into the kinetic energy, in turn weighed on the euro down. At the same time, recent economic data showed that euro zone economic growth slowdown, the euro is also weak to-one of the reasons why.
Technical analysis: the euro / dollar, K-Line to a large Yinxian. On the map of indicators suggest that the unknown, MACD indicators under wear 0 reel, columnar lower, RSI indicators in 39 regional-taking, random KD indicators oversold. The previous day euro / dollar high of 1.5757 on exploration after the sharp decline in the minimum see 1.5552. Today is expected to euro / dollar at 1.5670 yuan, if fully adjusted to the bottom of the region, will be lowered the support at 1.5520. Investors expected a downward correction.
Support at: 1.5520 resistance: 1.5670
Sterling / dollar sterling / dollar is expected to settle down, or see the first goal of supporting 1.9760 U.S. dollars. Tuesday Confederation of British Industry survey released in July showed that British retail sales fell to negative margin of negative 9,7 to 36,6 in retail sales in the margin for 1983 since the beginning of the investigation, the lowest level, reflecting the pessimistic outlook for British retailers And the other for the expected margin of negative 32, also has the lowest level since records. British housing market data is very bleak, and June mortgages also fell to historic lows, consumers net loans also dropped to nine-year low. At the same time, the United Kingdom in July retail sales margin also declined. British economic data and weakness in the dollar%26#39;s rally weighed on the pound sterling / dollar 1.9800 Diechuan a rounded juncture.
Technical analysis: sterling / dollar, K-Line to a large Yinxian. On the map of indicators pointing to different axis, is located in the MACD columnar gentle posture, RSI indicators in 43 regional slightly upward, KD random targets Sicha down. The previous day sterling / dollar high of 1.9968 on exploration after the sharp decline in the minimum see 1.9760. Today is expected to pound / dollar at 1.9860, if fully adjusted to the bottom of the region, will be lowered the support at 1.9760. Investors expected a downward correction.
Support at: 1.9760 resistance: 1.9860

Australian dollar / Australian dollar / dollar is expected to settle down, the first goal, or see support at 0.9450 U.S. dollars. Tuesday due to lower metal prices in recent weeks and the Fed is widely expected Australia (RBA) will cut the news ahead of the Australian dollar are putting pressure on. Wednesday morning released by the Australian on June building permits decreased 0.7 percent rate, the former value was 6.5 percent decline expected to rise 1.0 percent. Slightly above the data published by suppressing the Australian dollar / dollar.
Technical analysis: Aussie / dollar, K-Line to a small Yinxian. On the map of indicators are signs of pullback, MACD-line shrink to zero near the shaft; RSI indicators slightly downward; random KD indicators show oversold. The previous day%26#39;s Aussie / dollar high of 0.9585 on exploration fell slightly after the minimum see 0.9496. Today is expected to Aussie / dollar at 0.9530, if fully adjusted to the bottom of the region, will be lowered the support at 0.9450. Investors expected a downward correction.
Support at: 0.9450 resistance: 0.9530
New Zealand yuan / dollar New Zealand yuan / dollar is expected to settle down, or see the first goal of supporting 0.7300 U.S. dollars. Tuesday New Zealand yuan / dollar also fell under pressure. U.S. stocks rose Tuesday, all three major indexes rose more than 2 percent, a drop in oil prices and U.S. consumer confidence index since December last year, the first rise, easing the U.S. economic outlook worries and boost U.S. stocks rose sharply. Stocks higher enhance the attractiveness of U.S. assets, led the dollar index rose to a month high. Building permits decreased by New Zealand data, is also New Zealand yuan / dollar weighed on one of the reasons why. But in a report showed that housing prices are still down after the United States, New Zealand yuan / dollar in offshore markets rebounded slightly. Wednesday due to the lack of key economic data, expected New Zealand yuan / dollar will continue to wait for the offshore market guidelines.
Technical analysis: New Zealand the previous day%26#39;s yuan / dollar, K-Line to a small Yangxian. Technical indicators show mixed. The previous day%26#39;s New Zealand yuan / dollar high of 0.7467 on exploration fell slightly after the minimum see 73.45. New Zealand is expected today yuan / dollar at 0.7400, if fully adjusted to the bottom of the region, will be lowered the support at 0.7300. Investors expected a downward correction.
Support at: 0.7300 resistance: 0.7400
Dollar / yen dollar / yen is expected to settle down, or see the first goal of supporting 107.60 yen. Wednesday the Japanese government data showed Japan%26#39;s industrial output in June fell 2.0 percent the previous month, or more than the median forecast of the market fell 1.7 percent from April to June from the previous quarter industrial output fell 0.7 percent for the second straight The second quarter decrease from the previous quarter. Japanese Economy, Trade and Industry is expected in July, manufacturing output would fall 0.2 percent in August will be reduced by 0.6 percent. Japan%26#39;s June industrial output fell faster than expected, as the Japanese economy is likely to add to evidence a recession. Japan%26#39;s economy seems to be a soft landing, and the Bank of Japan in the domestic economy and the global economy ease the fear, may keep interest rates stable. In addition, the Japanese stock shipment in June than on the rate by 3.8 percent, before the value of the same. Japan on June inventories by 1.2 percent rate, the former value by 0.5 percent. Japan on June shipments fell 3.0 percent rate, the former value by 2.0 percent. The data released above the dollar / yen fell slightly.
Technical analysis: the previous day%26#39;s dollar / yen, or K Line small Yangxian. Figure on different indicators, MACD indicators 0 axis in the extension of state, RSI 58 indicators slightly downward, KD random targets Sicha down. The previous day%26#39;s dollar / yen at 108.28 after the exploration highest level slightly lower minimum see 107.27. Today, expect the dollar / yen at 108.30, if fully adjusted to the bottom of the region, will be lowered support at 107.60. Investors expected a downward correction.
Support level: 107.60 resistance: 108.30
Dollar / Canadian dollar / Canadian dollar is expected to settle down, see the first goal of resistance 1.0290 Canadian dollars. Tuesday the Bank of Canada to the financial system injection of 475 million Canadian dollars, but U.S. consumer confidence index unexpectedly stronger than expected, the sharp decline in crude oil prices, suppressing the Canadian dollar, driven dollar / Canadian dollar 1.0240, breaking a one month high. Data shows that the U.S. Chamber of Commerce of the July consumer confidence index for the 51.9 expected 50.0, the index the first time in 12 months the rise, boosted investors confidence in U.S. economic outlook, strong overall support the dollar.
Technical analysis: the previous day%26#39;s dollar / Canadian Yuanri K out of line -the Sixth Company. Figure on different indicators, MACD indicators 0 axis to extend the signs, RSI indicators in 60 regional slightly upward, random KD indicators overbought. The previous day%26#39;s dollar / Canadian dollar lowered the minimum 1.0201-1.0272 see the highest rise slightly after fall. Today, dollar / Canadian dollar at 1.0190 if support was at the top of the region, will be on the exploration of the resistance at 1.0290. Investors expected upward correction.
Support at: 1.0190 resistance: 1.0290
Dollar / Swiss franc dollar / Swiss franc is expected to settle down, or see the first goal of supporting 1.0550 Swiss francs. Tuesday dollar / Swiss franc continued to move up, the dollar broke through the 1.0400 integral juncture. Stronger-than-expected U.S. data supported the dollar rose, the U.S. Chamber of Commerce released Tuesday the U.S. Chamber of Commerce of the July consumer confidence index for the 51.9 expected 50.0, the index the first time in 12 months the rise, boosted investors in the U.S. economy Prospects for confidence. Commodity prices softened further boost the dollar%26#39;s rally, crude oil prices fell and Wall Street all the sets of higher interest rates boosted demand for trading, the dollar / Swiss franc strength up. NYMEX crude oil futures Tuesday fell below the recent low of 122.50 U.S. dollars / barrel, a record since May 9 low of 120.45 U.S. dollars / barrel. Spot gold was 930.00 U.S. dollars since / oz at the top dropped to time low of 914.00 U.S. dollars / oz. Attention will be published Wednesday in Switzerland in July KOF economic indicators released.
Technical analysis: dollar / Swiss franc, K-Line at a long shadow on the small Yangxian, technical indicators point to unknown. MACD shows that bullish on the line, but random targets and KD RSI index bullish. The previous day%26#39;s dollar / Swiss franc 1.0317 lowered the minimum-maximum sustained gains after the downturn see 1.0478. Today, dollar / Swiss franc at 1.0370 if support was at the top of the region, will be on the exploration of the support at 1.0550. Investors expected the consolidation.
Support at: 1.0370 resistance: 1.0550

The movement of major currencies space

Recalling yesterday%26#39;s market has substantial foreign exchange market fluctuations, the main reason is that the international crude oil prices and the sharp decline in U.S. stocks rose significantly.
Tuesday the international crude oil fell substantially, because the demand for investment funds appear on signs of weakness, have the sidelines, making the international crude oil prices ended May 6 in the lowest level since closing prices dropped 2.54 U.S. dollars a barrel, 122.19 Dollars, or two percent.
Yesterday there are two major U.S. stock market rose significantly, the Dow Jones industrial average rose 266.48 points to 11397.56 points, or 2.39 percent, recovered yesterday%26#39;s 240 point decline, a record since July 16, the biggest gain. The Nasdaq composite index rose 55.40 points to 2319.62 points, or 2.45 percent. Last week, after the sharp decline in oil prices this week still continues the trend of decline has brought to the dollar strong support, but this week in five, the United States will announce key economic data, it is likely to affect the dollar, the need to invest Are cautious wait-and-see.
Yesterday announced the July U.S. consumer confidence levels remain unchanged, the consumer confidence index rose slightly to 51.0 in 51.9,6, from the data showed that U.S. consumers on the prospects for economic growth have increased. From the loan-to-there is a crisis, the United States has substantial economic recession, the consumer confidence index has decreased significantly, with the recent U.S. economy has improved and enhanced the consumer%26#39;s consumer confidence, thus a direct impact on the dollar.
European Germany yesterday announced the July consumer price index (CPI) held steady at 3.3 percent annual rate, which is the December 1993 the highest level since the original analysts expected July CPI annual rate of 3.2 percent, while Germany announced In April after consultations wage increase for the 12 largest year-over-year increase of 3.5%, mainly in the February-April workers demand a pay rise of the more successful activities.
Prospect of major currencies today the trend of the euro yesterday space sharp decline in oil prices because of the impact, leading to the euro yesterday a sharp decline. Today is expected to fluctuations in the space between 1.5500-1.5680 yen yesterday by the impact of the U.S. stock market, leading to a sharp decline in the yen. Today is expected to fluctuations in the space between 107.27-108.80.
British pound sterling failed to break 200 resistance line, at the same time yesterday due to the impact of oil prices, leading to a pound in yesterday%26#39;s sharp decline. Today is expected to fluctuations in the space between 1.9700-1.9900 Aussie Aussie%26#39;s still not out of the impact of last week fell to a small decline. Today is expected to fluctuations in the space between 0.9400-0.9570.

1.5670 encountered strong resistance, the euro shocks down

Recalling the trend:
Euro / dollar 1.5760 in the short-term movements are strong resistance, the sharp decline in a straight line down. K-Line on the line for graphics or Yinxian, recovering the previous two trading days or, the current system of relying on the greenback fell below average, the exchange rate under the test downlink channel along the location of the exchange rate of 1.60 Chonggao test at the top, again subject to the whereabouts of resistance operations, the euro The overall medium-term consolidation patterns remain high mainly.
Short-term direction of the day: shock finishing weak support: strong support 1.5550: 1.5460
Weak resistance: 1.5625 strong resistance: 1.5760
Trend Analysis:
From the graphics on the hour, the euro short-term trend of sustained concussion finishing operation, the exchange rate in the final 144-day MA location by the strong resistance to shock the whereabouts of the trend running rhythm, short-term downward trend in the channel operation, MA system was running short with the main, The main short-term bearish trend, MACD indicators wear under zero-axis position, in the form below zero axis Jincha, maintaining the current narrow range of short-term adjustment, today the euro is expected to rebound slightly after the short-term, continue to run down the possibility.
Operation of reference:
The recent operation, the center line interval as a guide to thinking short-term downward guidance for the operation of ideas.
A warehouse:
More warehouses holding the euro investors, will be set up in the stop-loss 1.5625, target: 1.5800
Kongcang investors holding the euro, will be set up in the stop-loss 1.5800, target: 1.5600
Kongcang:
Kongcang investors to maintain wait-and-see attitude.

Along the channel under the temporary support, the downward trend mainly pounds

Recalling the trend:
Sterling / dollar short-term downward trend in the channel, run by the resistance along the whereabouts of testing under the channel location, the main downward trend. On the line graph on K-Line to continue to Yinxian, the exchange rate by relying on average, the exchange rate under the channel to run along the location, 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 finishing up .
Short-term direction of the day: shock down the weak support: strong support 1.9760: 1.9650
Weak resistance: 1.9870 strong resistance: 1.9980
Trend Analysis:
Graphics on the hour from the analysis, MA divergence system was running down with mainly short-term movements in this downlink packet access, the main short-term downward trend to maintain rhythm. Short-term exchange rate of 1.9960 yesterday in the vicinity of position by the strong resistance, the sharp decline in downlink. Short-term exchange rate of testing under the channel along the location, MACD indicators in the form below zero axis Jincha indicates short-term action can be expected under the weakened greenback in the channel along the temporary access to the support, is expected today sterling / dollar rebound in short-term trend up, continue to be subject to the whereabouts of resistance The probability of greater.
A warehouse:
More than a pound positions of investors, will be set up in the stop-loss 1.9650, target: 1.9860
Kongcang a pound of investors, will be set up in the stop-loss 1.9980, target: 1.9750
Kongcang:
Mainly wait-and-see.

Dollar may be further strengthened

Comprehensive foreign reports, Royal Bank of Canada analysts expect the euro zone and U.S. economic data will further support the dollar, but in the U.S. non-farm payrolls data, the market off a tight range.
Royal Bank of Canada currency strategist pointed out that more and more U.S. data unexpected turn for the better, while an increasing number of European data were expected to decline, this has become a common phenomenon, which suggests that the dollar could Will be further strengthened.
The bank believes that if on the 30th will be released by the weakness in the euro zone consumer confidence, investors will not buy the euro against the dollar, but on the 1st of the U.S. payrolls data released before the market volatility may be limited. (Ge Chunhui)

Dollar rose sharply yesterday, the currency fell Africa and the United States, has experienced ups and downs yesterday, the morning market orientation concussion, short-term non-US currencies have rebounded finishing ability, while the overall tendency is still downward.
Euro / dollar: the sharp decline yesterday, fell 1.5630 line, the greenback early Fanchou a request back to 1.5630 on that break does not work, investors will be further upstream, the initial target of 1.5680 line, blocked the other hand, tend to downlink, Breakdown 1.5550 , The initial target of 1.55 line. Figure hour indicators oversold, short-term rebound in the greenback has requested.
Dollar / Swiss franc: a short-term exchange rate of callback requests, followed by 1.04, the breakdown will ease the downward pressure, the initial target 1.0350 line, but Shouwen 1.04, and will continue to uplink, the initial target of 1.05 line.
GBP / USD: short-term rebound in the greenback, above 1.9850 resistance, effective breakthroughs will ease the downward pressure, the initial target of 1.99 frontline, but blocked 1.9850 line, the tendency to downlink, the breakdown 1.9750, the initial target of 1.97 line.
Dollar / Canadian dollar: exchange rate shocks up, tend to short-term pullback, followed 1.0220,1.0170 line, and the breakthrough at the top of 1.0270, 1.0330 challenges will be the frontline.
Aussie / dollar: experienced a downward yesterday, a short-term rebound in the greenback dressing requirements, above 0.9550 resistance, the breakthrough will ease the downward pressure, the initial goal of 0.96 frontline, but blocked 0.9550 line, the tendency to downlink, the breakdown 0.9490, 0.9450 initial target of the frontline.
Dollar / yen: the exchange rate slightly down early, followed by 107.50, fell 107 to see the front line, while the overall rate is still expected to uplink, stand 108, will challenge the 108.60-bit key.
The dollar index: yesterday%26#39;s sharp rise, the current high of shock, followed by 73.10, fell weakening, the initial target of 72.80 line, but Shouwen 73.10, up shocks, breaking 73.40, the initial target of 73.70 frontline.
Gold: Gold fell to the lowest 914 to the front line, a rebound in early trading dressing requirements, breaking 920, 927 line to see the price break through this before, gold downward tendency, penetrated 914, the initial target of 907 frontline.

Gold Rush international financial exchange market briefing (0730)

First, the global financial markets yesterday%26#39;s closing prices index closed Change China%26#39;s Shanghai Index 2850.31 -52.70
Nikkei Index 13159.45 -194.33
The Hang Seng Index 22258.00 -429.21
The Dow Jones Index 11397.60 +266.48
The Nasdaq composite index 2319.62 +55.40
S %26amp; P 500 1263.20 +28.83
Germany%26#39;s DAX index 6398.80 +47.65
Second, Europe and the United States stock market Summary of U.S. stocks, closed up Tuesday, the Dow Jones index recovered yesterday%26#39;s lost ground as oil prices hit the lowest level in the past two months, and Merrill Lynch to very low prices to sell mortgage securities claims the move is expected to eventually risk Asset pricing standards. European stocks, closed up Tuesday by a series of positive earnings report and boosted crude oil prices fell.
U.S. stock market, the Dow Jones industrial average rose 266.48 points to 11397.56 points, or 2.39 percent, recovered yesterday%26#39;s 240 point decline, a record since July 16, the biggest gain. The Standard %26amp; Poor%26#39;s 500 index rose 28.82 points to 1263.19 points, or 2.33 percent. The Nasdaq composite index rose 55.40 points to 2319.62 points, or 2.45 percent. European markets, Britain%26#39;s FTSE 100 index rose 0.1 percent, to 5319.2, Germany%26#39;s DAX index rose 0.8 percent, to 6398.8, while the French CAC-40 index fell 0.1 percent to 4320.5 points.
Third, gold Energy New York Mercantile Exchange (NYMEX) crude oil futures continued to fall Tuesday, to May 6 the lowest level since, because demand for investment funds in emerging signs of weakness at the sidelines. NYMEX08 in September NYMEX crude oil futures settled down 2.54 U.S. dollars to 122.19 U.S. dollars a barrel, or 2 percent.
The New York Mercantile Exchange (COMEX) gold Tuesday, gold futures since August front-month contract is about to enter, some bullish traders rush in the open before delivery notice, forcing period of gold Georgia downlink. COMEX08, August gold rose 90 cents to 937.80 U.S. dollars an ounce.
Fourth, the international foreign exchange markets of New York, Tuesday, the dollar rose sharply due to rising U.S. stocks, oil prices fall, and a report showed U.S. consumer confidence better than expected. The news to the large-scale dollar buying due to the U.S. market is expected to start from the time the credit crisis will be back in Europe, and Japan. The dollar against the euro and the yen hit five-week high against the sterling touched intraday high of two weeks. The market had to re-consider the pessimistic on the U.S. economy is expected that such changes promote the recovery of the dollar sentiment. U.S. stocks rose Tuesday, due to a drop in demand caused U.S. gasoline prices fell. The Dow Jones industrial average rose more than 200 points, crude oil futures fell more than three U.S. dollars, hit a two-month intraday low of 120.42 U.S. dollars. Better-than-expected consumer confidence report to the U.S. dollars to support. The Conference Board announced Tuesday, July consumer confidence index rose to 51.9 slightly higher than market expectations of 51.0. Although the data is still close to 16 low, but its modest rebound is more than offset weakness in the U.S. housing price data for the adverse effects. S %26amp; P / Case-Shiller housing price index shows that housing prices in May Composite index dropped 16.9 percent year-on-year, a record biggest drop in history, shows that the U.S. housing market weakness. However, the market think the U.S. economy is entering a recovery track. U.S. economy may have been far from the bottom. At the same time, European economic data less, prompted traders to sell the euro and sterling, to buy dollars. British retail sales in July fell to 25 to the lowest level, because of the British consumers continue to be increased to combat inflation, consumer confidence fell. In addition, the French National Bureau of Statistics, France in July consumer confidence fell to historic lows. Other exchange rates, the dollar was Bolivar in Venezuela dark disc on the market exchange rate continued to decline, due to the Government of Venezuela has been increasing the supply of dollars against the U.S. dollar rose.
Euro / dollar (EUR / USD)
1.5500/1.5400 support, the resistance 1.5700/1.5800
Sterling / dollar (GBP / USD)
1.9700/1.9600 support, the resistance 1.9900/2.0000
U.S. dollars / CHF (USD / CHF)
1.0350/1.0250 support, the resistance 1.0550/1.0650
Dollar / yen (USD / JPY)
107.00/106.00 support, the resistance 109.00/110.00
Aussie / dollar (AUD / USD)
0.9400/0.9300 support, the resistance 0.9650/0.9750
Dollar / Canadian dollar (USD / CAD)
1.0100/1.0000 support, the resistance 1.0350/1.0450
5, important data today 07:50 Japanese industrial output in June (on rates) 2.80% impact ★
07:50 Japan%26#39;s June industrial output (annualized) 1.10% impact ★
07:50 Japanese stocks in June (on rates) 0.50%
07:50 Japan in June shipment (on rates) 2.00%
07:50 Japan in June inventory shipment ratio (on rates) 0.00%
09:30 Australia in June building permits (on rates) -6.50%
09:30 Australia in June building permits (annualized) 0.20%
11:00 New Zealand M3 money supply (annualized) 4.90%
12:00 Japanese auto output (annualized) 6.80%
13:00 Japanese small business confidence 40.7
16:00 Italy in June producer price index (monthly rate) 1.50%
16:00 Italy in June producer price index (annualized) 7.50%
17:00 Eurozone July services sector sentiment index 9
17:00 Eurozone July industrial sentiment index -5
17:00 euro zone economic sentiment index in July affected ★ 94.9
17:00 Eurozone July business climate index 0.14
17:00 Eurozone July consumer confidence index -17 impact ★
17:30 Switzerland in July KOF leading indicator of 1.01 impact ★
19:00 United States last week MBA30-year fixed mortgage rates (up to 0725) 6.59%
19:00 United States last week MBA mortgage purchase index (up to 0725) 335.6
19:00 United States last week MBA mortgage applications index (up to 0725) 489.6
19:00 United States last week MBA refinancing index (up to 0725) 1392.7
20:15 U.S. July ADP employment change (000) -7.9 impact ★
20:30 Canada in June industrial products price index (on rates) 0.60%
20:30 Canada in June industrial products price index (annualized) 2.40%
20:30 Canada in June raw materials price index (on rates) 3.10%
20:30 Canada in June raw materials price index (annual rate) 27.10%
22:35 U.S. gasoline inventories last week, API changes (million barrels) (up to 0725) -120
22:35 U.S. oil inventories last week scouring API changes (million barrels) (up to 0725) 53.8
22:35 U.S. crude inventories last week, API changes (million barrels) (up to 0725) 110 affected ★
22:35 U.S. distillate inventories last week EIA change (million barrels) (up to 0725) 242
22:35 U.S. crude inventories last week EIA change (million barrels) (up to 0725) -155.8 impact ★
22:35 U.S. EIA last week scouring plant capacity utilization (up to 0725) 87.10%
22:35 U.S. gasoline inventories last week EIA change (million barrels) (up to 0725) 284.7
6, the important financial events 00:30 today in Washington the U.S. Treasury Department responsible for international affairs vice minister of McCormick on oil prices and energy policy speech released Disclaimer: The above analysis for reference purposes only and does not constitute intervention recommendations. Exchange investment Risks, prudent decision-making!

Aussie dollar continues to Hengpan "Xiong state" Chuxian

The financial system due to market sentiment lingering worries, the dollar fell Monday and Tuesday while holding steady. As of 17:00 pm, the dollar index was 72.72 moratorium, New Zealand Monday the Dow was 72.68, last Friday to 72.86.
The last three days, the market there is speculation that some financial stocks will extend the period of loss, which reduced investors in the Fed rate hike expectations.
The rest of the week is a period of high economic indicators, the dollar will increase the volatility, investors need to focus on the ADP employment index Wednesday and Thursday of the Second-quarter GDP and personal consumption, and other indicators.
In addition, oil prices could further below 120 U.S. dollars also about strong or weak dollar.
U.S. Federal Reserve interest rate increase is expected downturn Minneapolis Fed branch president GaryStern Monday that credit crunch could last several months, the next 2-3 quarter economic growth may be disappointing. Happened to the International Monetary Fund said The United States signs the property market has not bottomed out, the worsening of the credit status or be extended economic downturn.
The two side%26#39;s speech Monday a falling dollar is the most direct fuse, in addition to the above-mentioned pressure, the dollar also affected by a number of other negative effects: For example, the Bush administration forecast a budget deficit next year of up to a record 482 billion U.S. dollars, such as oil prices Small rebound; another example Merrill Lynch said, Lehman Brothers may also be the third quarter loss, housing loans have to再减estimated 2.5 billion U.S. dollars of assets in mind.
In short, when the dollar fell and U.S. stocks plummeted, the bad news can easily be people filling the mining, which is the nature of the market. Stocks plunged Monday, the Dow Jones index closed down 239.6 points at 11,131 points. The stock market may not necessarily correspond with the exchange rate fell down, but in the current specific time period, the stock market decline are often triggered by financial stocks, often reflect the deepening crisis in the property market, so many people now more concerned about this kind of sexual interaction.
As a result of these adverse factors, the market this week is expected to significantly enhance the economic slowdown, dollar-denominated assets less attractive, since the dollar%26#39;s rally last week was thus suspended. I still see a very dollar point of view, MizuhoCorporateBankLtd. In Tokyo currency trading, vice president of MichiyoshiKato said, As long as prices fell, the U.S. economy can not recover, the credit crisis of systemic risk still exists.
Aussie Xiong state Chuxian commodity currency movements weak Australian dollar this week, the most obvious weakness against the dollar, from July 15 high of 0.9850 U.S. dollars fell to a low Monday was 0.9528 U.S. dollars, the largest decline of up to 3.38 percent. Recently the New Zealand dollar against the Australian dollar is only up, against the euro, British pound, Japanese yen and other currencies have dropped by. - Technically, these declines can not prove that the Australian dollar from the end of the bull market, the need to see the next few months the trend. Australian current round of the bull market began in 2001, when the minimum was 0.4775 U.S. dollars, the highest this month of 25 points to 0.9850 U.S. dollars, Australian dollars or just a one slightest.
Technology can not see any surface, but the fundamentals have been exposed on the Australian dollar signs of a bear market, because of its economic growth rate of decline in consumer confidence weak, and so obviously it has been hard to sustain high interest rates. National Australia Bank (NAB) survey released Monday showed that Australian business-to-expected third quarter 4:00 confidence index fell to negative 8:00 decrease compared to 18:00 for the biggest drop in 10 years.
National Australia Bank chief economist AlanOster Tuesday said that Australia next year%26#39;s economic slowdown will be greater than expected level, businesses and consumers will reduce spending, the central bank to the end of next year and Australia is expected to cut interest rates a total of 1.25 percentage points.
Pressure not only from economic indicators and interest rate expectations, the recent Australian financial enterprises have many problems, this has also brought greater pressure. This two-week total of Australia%26#39;s biggest commercial banks write-down of assets, such as National Australia Bank, ANZ Bank, and so on.
Oil prices, and other agricultural products has also brought pressure to weaken, but the ability to maintain pressure on commodity futures follow-up trend. From the latest situation, China and India, while maintaining a rapid growth, but the growth rate of almost peaked, at least in the short term will not accelerate.

New Zealand to cut interest rates by Tim Guya yuan

New Zealand dollar recently subject to significant resistance at around 77.60 U.S. cents, its trend has continued into the weakness, fell one after another in 76 and 75 U.S. cents level, repeated once more fell to 73.85 U.S. cents near the six-month low in order Temporarily stabilized. As the New Zealand central bank last week lowered interest rates a quarter per cent, the New Zealand dollar has experienced rapid downward pressure, coupled with both oil and gold also fell, so the market sentiment has not conducive to further commodity currencies of , New Zealand and then decreased the yuan continued to expand. Some investors still tend to be underweight Feng Gao yuan driven by New Zealand, New Zealand yuan is expected to be continued to repeatedly room for downward adjustment.
Troubled by the shadow of the financial industry on the other hand, New York State in June%26#39;s housing approvals fell sharply in May than 20 percent, the data show that New Zealand has in addition to the real estate market may shrink further, the State Bank of New Zealand this year on September 11 The rate cut has increased opportunities, this is also the New Zealand dollar to a certain downward pressure. Although the market at this stage are still quite worried about the U.S. financial industry losses will continue to increase, but with the United States, according to have been caused by the impact of the financial industry spread to Australia, New Zealand and the circumstances, New Zealand yuan encountered within the short-term downward Pressure will very likely be in U.S. dollars, it does not rule out New Zealand dollar fell at a later stage there will be a dangerous juncture 73.00 U.S. cents. In addition, New Zealand yuan exchange rate against the yen in recent series of cross-subject to 81 level, has recently repeatedly softened to 79 level, it can be opportunistic in the vicinity of 74.70 U.S. cents sell New Zealand yuan, located in the stop-loss level of 75.30 U.S. cents, New Zealand is expected to be cross yuan eased against the yen, driven, New Zealand will be repeated yuan against the dollar lower to 72.80 U.S. cents level.
Monday the New York Mercantile Exchange August gold closed at 927.70 yuan, up 0.90 U.S. dollars than the previous day. Affected by the dollar%26#39;s fall slowed down, spot gold in the Tuesday sessions have been gradually from 932 U.S. dollars level fell to 923 U.S. dollars repeated level. As oil prices are still not up to the current rebound, it is expected to be volatile spot gold to 915 U.S. dollars lower level.
Tips Jin-Hui New Zealand dollar: New Zealand yuan will be repeated lower to 72.80 U.S. cents.
Gold: Spot gold will be repeated lower to 915 U.S. dollars.

European currencies all fell in the United States refers to a one month high

Currency Overview: The New York sessions, the Department of European currencies against the dollar all fell, the euro against the U.S. dollar fell below 1.5600 integral juncture, lowered to 1-month low of 1.5553. British pound against the U.S. dollar fell below 1.9800 integral juncture, fell to 2-week low of 1.9761. U.S. consumer confidence index unexpectedly stronger than expected, and strengthened the market%26#39;s confidence in the U.S. economic recovery. Data show that the U.S. Chamber of Commerce of the July consumer confidence index for the 51.9 expected 50.0. Promotion by this data, all U.S. stocks rose Tuesday, pushed the dollar against the yen 108.00 breakthrough integral juncture, rose to a new high of 108.27 on the dollar against the Swiss franc 1.0400 breakthrough integral resistance, rose to a new high of 1.0478. Soft commodity prices across the board, NYMEX crude oil futures Tuesday fell below the recent low of 122.50 U.S. dollars / barrel, a 12-week low of 120.45 U.S. dollars / barrel. This downward pressure then the commodity currencies, the Australian dollar fell to two week low of 0.9500, New Zealand yuan against the U.S. dollar hit 10-month low of 0.7342 after Chaodie rebound, but the days are still significantly down. USDCAD more than a month a new high of 1.0271. This time, the U.S. dollar index rose from 72.85 to a new high of 72.43.
The U.S. Chamber of Commerce announced Tuesday, the U.S. Chamber of Commerce of the July consumer confidence index for the 51.9 expected 50.0, the index the first time in 12 months the rise, boosted investors confidence in U.S. economic outlook.
Investment bank Merrill Lynch (Merrill Lynch) Monday announced that the third quarter write-down assets of 5.7 billion U.S. dollars, and financing through the issue of new shares 8.5 billion U.S. dollars.
Focus, leader:
Wednesday - 7:50 Japan June industrial output 09:30 Australia in June building permits 16:00 Italy in June Producer Price Index 17:00 Eurozone July sentiment index 17:00 euro zone services sector in July industrial boom 20:30 Canada in June index of industrial goods price index 20:30 Canada in June raw material price index 22:35 U.S. crude inventories last week EIA changes (barrels) (up to 0725)
Trend Analysis of the major currencies:
Euro: euro / dollar 1.5707 in New York opened in the vicinity, then the exchange rate continued to drop unilateralism, pulled out hours map six Lianyin, one stroke below the 1.5600 integral juncture. 午盘, Yindie more than a continuation of the exchange rate of decline, in lowered to a month low of 1.5553, the dollar rebounded slightly. Since the late dollar rebounded moderately low, but rose to 1.5600 below blocked, after the greenback continued to narrow range around 1.5580 finishing, and until the closing.
The euro opened at 1.5741 Tuesday, days opinions 1.5757, low 1.5553 see, the amplitude of 203 points in the final to finish at 1.5583 compared with Monday closing price fell 157 points, or 1.00 percent.
On the map show that euro / dollar Fanchou on the 5th MA pulled out after Poweizhangyin, one stroke Tundiao the recent rebound in the two small Yangxian, ending a trend of the recent rally. At the same time, the greenback fell below the July 24 retracement low of 1.5625 and opened the space for short-term decline. Tuesday the euro pulled out slightly under the long shadow of Yinxian, the downward breakdown of the 100-day MA, and once fell below the 1.5304-1.6035 Shenglang 0.618 retracement of 1.5585, shows that the weakening trend of technology, short-term there is still downward pressure on the greenback . At present short-term key support in the 1.5285-1.5300 range early lows, if the effective breaking of the support, technically will confirm the medium-term double top Powei. Investors euro / dollar above the resistance is seen at 1.5800 and 1.5900, followed at 1.5535 and then 1.5490.
Japanese yen: dollar / yen 107.82 in New York opened in the vicinity, then the exchange rate broke through the 108.00 rounded up checkpoints and trigger stop-loss at the top of its rapid Elevated to a new high of 108.27. However, the short-term profit-suppression, the exchange rate can not continue or expand upward, showed high午盘basic trend of consolidation. The Dow dropped because of late, the greenback slight retracement to 108.00 at the top, then, once again moderate the exchange rate higher, but below the 108.20 up to the rally blocked, after the greenback on continued consolidation or 108.10, and until the closing. Dollar / yen opened at 107.46 Tuesday, days opinions 108.27, as low as 107.28, amplitude up to 99 points, closing at 108.09, compared Monday closed up 65 points, or 0.60 percent. On the map shows, the dollar / yen Tuesday in the 5-day MA to the strong run, and broke the short-term resistance to 108.00, opening up the space for short-term gains. At present exchange rate has been firm 200-day MA, 10, 20 and 30-day MA with a long, technical multi-beneficial. Today, the greenback closed firm at the top of 108.00, encouraged by a multi-popular, short-term objectives have been long at 108.60. If effective on the break of the resistance, the greenback could further rose to 110.00. Investors dollar / yen above the resistance is seen at 108.45 and 108.60, followed at 107.15 and 106.75 while.
Pounds: GBP / USD 1.9871 in New York opened in the vicinity, and then continued the sharp decline in the greenback, pulled out hours map five Lianyin, was integral below 1.9800 level lowered to 2-week low of 1.9761. By pulling bargain hunting buying, the greenback started Tandi午盘rebound. Late renewal of a moderate rebound in the exchange rate movements, but selling pressure remained heavy, dollar up to 1.9800 fall below Yuzu, after the greenback continued around the 1.9790-finishing decline, and until the closing. Opened Tuesday at 1.9940 pound, the highest on the day touched 1.9967, the lowest lowered to 1.9761, the amplitude of 206 points, closing at 1.9792 compared with Monday closing price fell 147 points, or 0.74 percent. On the map, sterling / dollar Tuesday pulled out under the shadow Zhang Yin, below the recent rise from the next track, the short-term wage-down space. Meanwhile, the dollar broke the 100 day MA under moderate pulling up at 5 and 10-day MA Guaitou down, a bearish technical side. If the effective break the 100 day MA, will be encouraged by the popular short, the objective will be pointing to the recent low of 1.9650. Investors sterling / dollar above the resistance is seen at 1.9980 and 2.0030, followed at 1.9760 and then 1.9715.

European city on the 29th dollar against the yen early Chonggao blocked

The market buying dollars, on the 29th city in early Europe, the dollar slightly higher against the yen on the 5th or the MA. But the greenback rebounded strongly after finishing Hengpan turn, temporarily blocked at the 108 level.
Economic level, the Asian foreign exchange markets in Japan announced in June the unemployment rate rose to 4.1 percent, higher than the expected 4 percent, a September 06 to the highest point, than the same period of employment applications for 0.91, a February 05 to the lowest point. Show continued weakness in the labor market and enhanced the prospects for the Japanese economy of uncertainty. In addition, Japan in June, all the families that spending fell 1.8 percent, for the fourth consecutive months of decline in the same period in salaried household spending rose 0.3 percent. The job market and the gloomy prospects for the global economic slowdown, resulting in Japanese households to tighten spending. Japan%26#39;s retail sales in June rose 0.3 percent over the same period, sales of large-scale retailers fell 3.9 percent year-on-year, for the third consecutive month decline. Japan%26#39;s economy Daejeon Hongzi then finance minister said that the employment data reflect the deterioration of economic growth stagnated, the Government must pay close attention to economic and employment situation. The Bank of Japan Deputy Governor Yan-Nishimura said that Japan%26#39;s economy likely to fall into recession, the need to guard against downside risk for the Japanese economy.
The United States, the famous investment bank Merrill Lynch recently announced two weeks ago in the second quarter loss of 8.5 billion U.S. dollars, later Monday once again announced that the third quarter to write down 5.7 billion U.S. dollars of assets. The news caused investors to the U.S. credit crisis deepened worries. HSBC Bank head Paul Mackel, currency strategist said that the credit market related news, the dollar is still important, the U.S. banking industry continued to be adversely dispirited dollars. The economy has shown weak signals the Fed may stop raising interest rates, thereby dollar negative. According to the performance by the Chicago Board of Trade, the Fed on September 16 before raising interest rates at least 25 basis points to the possibility of 38 percent, below the 41 percent a week ago.
In addition, the U.S. will be announced tonight S %26amp; P / Case-Shiller housing price index report. The market expected the report will show, the degree of deterioration in the housing market deepen and enhance the future expansion of the credit market loss of the risk. So, despite yesterday%26#39;s U.S. Treasury Secretary Paulson called on banks with assets of more mortgage bonds to support the mortgage loan, but his appeal has not improved dollar sentiment. Barclays Capital in Japan%26#39;s chief currency strategist Toru Umemoto therefore of the view that the dollar Rulvbobing, Paulson%26#39;s proposal also failed to save dollars.
Technology, the U.S. dollar against the yen high of consolidation, 5-day MA by the turn-up, 10 and 20-day MA continue to rise slowly, 30-day MA basically the same. Dollar rebounded strongly after finishing Hengpan turn, temporarily blocked at the 108 level and stronger resistance in the early high of 108.58 significant near breakthrough in the exchange rate to be effective in order to open up the space. On the 10th average exchange rate of 107 a level of initial support, then support in the vicinity of 106.50.
U.S. concern during the evening in New York in July The Conference Board consumer confidence index in May S %26amp; P/CS20 urban housing price index.

European city on the 29th morning the euro against the U.S. dollar lower

For European investors to buy dollars, on the 29th morning European trading, the dollar higher against the euro after a narrow range around on the 30th MA consolidation.
Data, the French Bureau of Statistics released by Insee data showed Tuesday, France on June producer prices rose 0.7 percent rate, up 7.3 percent. Before accepting foreign media survey of economists forecast the rate of producer prices rose 0.8 percent, an increase of 7.4 percent. France on May producer prices rose 1.3 percent rate, rose 6.7 percent. In addition to energy, food and agricultural products, on June producer prices up 0.4 percent rate, rose 2.4 percent. Among them, the food industry in June than in May producer prices rose 0.1 percent, up 9.1 percent; energy prices, rose 2.1 percent rate, up 22 percent. From the industry, the French consumer prices on the commodity sector was flat, up 0.4 percent, and the equipment industry, prices rise in the rate of 0.5 percent, up 2.5 percent, the rate on the automobile industry prices rose 0.1 percent, an increase of 0.6 percent. The intermediate goods sector, prices rise in the rate of 0.5 percent, up 3.7 percent.
The United States, the U.S. Treasury Department Monetary Authority last week announced the closure of First National Bank of Neveda and First Heritage Bank NA ofCalifornia the two banks, the third largest U.S. banks from the collapse of IndyMac only two weeks time. U.S. Federal Deposit Insurance Corporation (FDIC) Chairman on the 28th that was included in the monitoring list in the United States has 13 percent of the bank declared bankrupt. Merrill Lynch on the 28th also claimed that its third-quarter will bear 5.7 billion U.S. dollars of assets written off, and will be raised through the sale of shares 8.5 billion U.S. dollars of capital. According to another report, the fourth largest U.S. investment bank Lehman Brothers third-quarter loss is also likely to continue, and faced a new residential mortgage loan portfolio of assets write-down, by the third quarter of about 2.5 billion U.S. dollars in housing loans. Concerns about the United States faced more major financial institutions and asset write-down of the closure of small and medium banks, led U.S. stocks fell overnight, led dollar decline. But in the second quarter GDP Xiaban Zhou the United States and the July payrolls report and other heavy data published before, the dollar decline limited.
Mizuho Corporate Bank analyst Nicole Elliott said the euro against the U.S. dollar experienced A, B, C 3-wave decline, since the current exchange rate of one eye at the top of a balanced slow rise, investors will once again expected to rise to 1.5764 to 1.5786 level. If the exchange rate can be held steady at this level, then rebounded to 1.5950 against the bullish trend will be injected into kinetic energy. The bank Michiyoshi Kato, senior vice president, said more clearly, the market still see the dollar, as long as prices fell in the U.S. economy can not be out of swampland. Credit crisis and the systemic risks will occupy the leading position.
New York trading today focus on the United States in May S %26amp; P / Case-Shiller price index, the Chamber of Commerce in July consumer confidence index and oil prices and U.S. stock market performance.

Analysis of 7.29 Australian dollars: further exploration along the channel, still do more

Recalling the session:
The Australian dollar on the map of direction Hengpan yesterday volatility 66 points to close out a small Yangxian. Large increase in the exchange rate under the channel along the steady rebound after gradually ascending, short-term bullish momentum gradually strengthen. Australian dollar today may still have access to the re-under along a back detectors, but a recent downward trend was strong above the line, in the vicinity of 0.9540 was again pulled up the probability of larger.
Short-term direction of the day: Tandi uplink rebound after weak support: strong support 0.9535: 0.9475
Weak resistance: 0.9606 strong resistance: 0.9790
The Australian dollar continued to deviate from the end of the show effect, the exchange rate to moderate rebound. On the map, the rise from the intact, MACD signal the continuing departure from the top, this wave pullback can be seen as a departure from these amendments. Australian dollar if the trend of rising from the center line at least the first fallen below 0.9460. Figure 4 hours, the average exchange rate system suppression, along the channel under the support 0.9535. MACD below zero axis Jincha low, investors have continued to demand the restoration oversold. Hours map, this wave down the last significant point in the 0.9606 high. A recent downward trend line has been successful or broken, accompanied by MACD emerging after the end of deviated from the signal, Tandi Australian dollar is expected to commence after the pullback obvious trend. Wave point of view of the ongoing restructuring of abc. The Australian dollar more we continue to position single, stops to mention the cost.
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: Australian hands if it has more orders, stop-loss on 0.9470, target 0.9630; hands not to have a single Australian air.
Kongcang: do more of 0.9530 Australian dollar positions, the stop-loss raised to 0.9530, target 0.9630.

Africa and the United States appear slightly firmer on the general direction of development

No dollar continued to rebound, the euro firmer on low, slow decline, but also the euro, and so not too much intensity of a rebound in foreign exchange markets wait for the news to trigger a new round of breakthroughs in the development of leather market, showed no clear direction, Early part of the time, the euro was fell 1.57 juncture, but we see stabilize the afternoon, the euro rose by Wen, once Zaisheng 1.5750 on the top, and wandering through steady, sterling was once under pressure, but fell to 1.9840 after see support, the United Kingdom The real estate market is still not ideal, the United Kingdom in July hometrack housing price index fell 4.4 percent last year, the 10 consecutive month of decline, while England and Wales in June housing prices fell 0.1 percent, dragging the British pound fell, but oil prices And both see stabilize the euro, sterling also result in the afternoon rebound, 1.99 pounds from the previous level, hovering in the high, when in the evening, the lack of U.S. economic data, the dollar is not any support, a new high since the euro, Has been under pressure, the 1.56 level of technical buying support, but the market see the different voices that the euro may have peaked, the medium-term decline; will announce this evening the U.S. consumer confidence index, I believe the data still not so satisfactory, but the euro remains No strong, the dollar rebounded sustainability, the key lies in non-agricultural jobs can turn for the better, expect the dollar will tend steadily rising.
Recommendations:
At 107.00 yen selling, stop-loss of 60 points, only earned 100 points;
At 2.0000 pound selling, stop-loss of 60 points, only earned 100 points;
Selling the Swiss franc at 1.0150, stop loss of 60 points, only earned 100 points;
Australian dollar 0.9600 in selling, stop-loss of 60 points, only earned 100 points;
1.0150 Canadian dollars to sell, stop loss of 60 points, only earned 100 points;
Top Recommendation:
The euro eased after a new high, 1.6 at the top of pressure, pressure continued to decline, the European currency to stimulate the lack of good news, the dollar is expected to steadily rise, still see short-term pressure on the euro; proposed selling the euro to 1.5780, stop loss of 60 points, 100 points Only earned.

Deyu, the Exchange reviews

Recalling the previous day foreign exchange market Monday U.S. dollars of foreign exchange profit-taking. The United States announced Monday the Dallas Fed%26#39;s July manufacturing output index for the second consecutive month, 0, and the business activity index from last month%26#39;s -24.1 to -27.4. This data showed that manufacturing activity in Texas in July remained at a standstill, the U.S. economy is still weak. U.S. June Chicago Fed Midwest manufacturing index rose 1.1 percent, since May of 104.08 to 106.0, with car production rose 7.8 percent. U.S. Federal Reserve (FED) governing Mishkin Monday that the Fed is set price stability objective should be based on overall inflation rather than core inflation. He pointed out that core inflation include the monetary policy makers is very important information, but in the long-term inflation measure is a deviation indicator. Mishkin said the Fed may improve communication, through the specific objectives of price stability agreement, and without the loss of policy flexibility under the premise of better control of inflation expectations. Mishkin to speak publicly about these issues, could trigger market speculation the Federal Reserve may have to give up weak dollar policy. Meanwhile, the decline stabilize commodity prices also weighed on the dollar. Tuesday concerned the United States in July of the Chamber of Commerce announced the consumer confidence index, the market has completely shift the focus of Thursday%26#39;s GDP data and Friday%26#39;s payrolls data above.
Technical indicators and trend forecast: U.S. financial instability or a more sustained long-term, the vulnerability of the economy worse
Euro / dollar euro / dollar is expected to settle down, or see the first goal of resistance to 1.5800 U.S. dollars. The results released Monday showed that the German market research institute GFK 8月forward-looking consumer confidence index, from July%26#39;s revised 3.6 down to 2.1, a June 2003 the lowest since, well below the expected 3.5. This data showed the euro zone%26#39;s largest economy - Germany weak consumer confidence, economic growth may be slowing down. Meanwhile, the decline stabilize commodity prices also weighed on the dollar. A small support on the exchange rate. Germany will be released Tuesday concerned about consumer price index.
Technical analysis: the euro / dollar, K-Line at a long shadow on the small Yangxian. On the map of indicators suggest that the unknown, MACD indicators gradually reduced, columnar lower, RSI indicators in 50 regional-taking, random KD indicators oversold zone Jincha upward. The previous day euro / dollar lowered the minimum of 1.5683 after 1.5767 see the highest rise slightly. Today is expected to euro / dollar at 1.5700 yuan, if the region was at the top of the support, will be on the exploration of the resistance at 1.5800. Investors expect upward correction.
Support at: 1.5700 resistance: 1.5800
Sterling / dollar sterling / dollar is expected to settle down, or see the first goal of supporting 1.9880 U.S. dollars. Monday the British property market research firm Hometrack announced, the United Kingdom in July, Hometrack housing price index fell 1.2 percent rate for the first 10 months of consecutive decline fell 4.4 percent annual rate, a decline in the index in 2001, the highest since statistics began. This data shows that the British housing market continued weak economic performance may continue to slump. Tuesday concerned the United Kingdom in July CBI retail sales margin.
Technical analysis: sterling / dollar, K-Line to close under the long shadow on the Yangxian. On the map of indicators pointing to different axis, is located in the MACD columnar gentle posture, RSI indicators in 54 regional downward, KD random targets Jincha upward. The previous day sterling / dollar lowered the minimum of 1.9839 after 1.9963 continued to see the highest rise. Today is expected to pound / dollar at 1.9980, if fully adjusted to the bottom of the region, will be lowered the support at 1.9880. Investors expected a downward correction.
Support at: 1.9880 resistance: 1.9980
Australian dollar / Australian dollar / dollar is expected to settle down, the first goal, or see resistance at 0.9610 U.S. dollars. Monday Andean million Australian Finance Minister said that the Australian banking system strong enough to withstand the worst global financial environment, and said that the country%26#39;s regulators have the confidence. ANZ Bank issued a warning Monday that the bank%26#39;s loan-to-risk敞口, may be forced to offset its 1.2 billion Australian dollars of assets. Decline in commodity prices stabilize support the Australian dollar. Tuesday published a survey shows that Australia the second quarter of NAB business sentiment index for 8, before the value of 4; Australia the second quarter of NAB business sentiment index fell to 1991, the lowest level since the middle. The data released on the little effect on the exchange rate.
Technical analysis: Aussie / dollar, K-Line from top to bottom to a small video Yangxian. On the map of indicators are signs of pullback, MACD-line shrink to zero near the shaft; RSI indicators slightly upward; random KD indicators show oversold. Australian dollar the previous day / lowered the minimum of 0.9524 dollars after 0.9594 after slightly higher maximum. Today is expected to Aussie / dollar at 0.9550 if support was at the top of the region, will be on the exploration of the resistance at 0.9610. Investors expected upward correction.
Support at: 0.9550 resistance: 0.9610
New Zealand yuan / dollar New Zealand yuan / dollar is expected to settle down, or see the first goal of supporting 0.7400 U.S. dollars. Monday New Zealand yuan / dollar rose slightly. Because the U.S. financial industry worried about the health of return, the dollar under pressure. U.S. investment bank Lehman Brothers (LEHMANS) may be forced to further write-off 2.5 billion U.S. dollars of assets. The news impact of overnight U.S. stocks fell 2 percent, and 2-year U.S. Treasury yields also fell, both positive New Zealand yuan / dollar. As Australian banks have also not been spared in the storm ran the credit crisis, and New Zealand can not be optimistic about the economic outlook, New Zealand yuan / dollar will also face some pressure. New Zealand announced Tuesday after the six-building permits rose on the rate dropped 20.1 percent, the lowest level to 22. Data showed that the level of industry activity quickly down, the housing market because the area of residential housing slump and sluggish depression. As the market digested this data in advance, data on New Zealand yuan / dollar almost no impact. However, although New Zealand yuan / dollar against the weakening of the impact of building permits data, the space is still up by the deteriorating economic fundamentals, and the New Zealand market expected the Fed rate cut restrictions.
Technical analysis: New Zealand the previous day%26#39;s yuan / dollar, K-Line to a small Yangxian. Technical indicators show mixed. The previous day%26#39;s New Zealand yuan / dollar lowered the minimum of 0.7405 after 0.7454 see the highest rise slightly. New Zealand is expected today yuan / dollar at 0.7500, if fully adjusted to the bottom of the region, will be lowered the support at 0.7400. Investors expected a downward correction.
Support at: 0.7400 resistance: 0.7500
Dollar / yen dollar / yen is expected to settle down, or see the first goal of supporting 107.00 yen. Japan%26#39;s Bureau of Statistics Tuesday said that the June unemployment rate since May%26#39;s 4.0 percent rise to 4.1 percent, higher than the market expected 4.0 percent annual rate in June household spending down 1.8 percent. Japan%26#39;s June unemployment rate rose to nearly their highest level in two years, while household spending fell, these further hinted that the post-war Japan since World War II economic expansion since the long-term trend may be coming to an end. Another report showed Japan%26#39;s unemployment rate for June since September 2006 has been the highest level, job-seekers than talent fell to 0.91, in February 2005 for the lowest level since. Japan 6 adjusted retail sales rose on the rate unchanged, the former value was down 0.2 percent, the Japanese government lowered the assessment of the employment situation, and that the need to pay close attention to Japan%26#39;s job market prospects. As Wall Street stocks fell today could trigger the same sluggish Japanese stock market, risk aversion sentiment may be heating up the dollar / yen fell in early trading in Asia.
Technical analysis: the previous day%26#39;s dollar / yen, or K Line small Yinxian. Figure on different indicators, MACD indicators 0 axis in the extension of state, RSI indicators of 54 regional-taking, random KD indicators Sicha down. The previous day%26#39;s dollar / yen at 108.06 after the exploration highest level slightly lower minimum see 107.32. Today, expect the dollar / yen at 107.90, if fully adjusted to the bottom of the region, will be lowered the support at 107.00. Investors expected a downward correction.
Support level: 107.00 resistance: 107.90
Dollar / Canadian dollar / Canadian dollar is expected to settle down, see the first goal of supporting 1.0180 Canadian dollars. Monday dollar / Canadian dollar 1.0200 breakthrough in a three week high. Rebound in crude oil of about one percent Monday, led the modest rebound in the Canadian dollar. As Canada%26#39;s Alberta Province is the largest outside the Middle East region in addition to the oil reservoir to. Canada%26#39;s total merchandise exports more than half of exports. Since the July 11 hit a record high 147.27 U.S. dollars / barrel, the price of crude oil has dropped by 18 per cent, crude oil and U.S. dollar trend today toward the lead.
Technical analysis: the previous day%26#39;s dollar / K Line Yuanri to increase to slightly under the long shadow Yangxian. Figure on different indicators, MACD indicators 0 axis to extend the signs, RSI indicators in 60 regional slightly downward, random KD indicators overbought. The previous day%26#39;s dollar / Canadian dollar lowered the minimum 1.0170-1.0244 see the highest rise slightly down. Today, dollar / Canadian dollar 1.0250 in the region if the bottom of the completion adjustments, will be lowered the support at 1.0180. Investors expected a downward correction.
Support at: 1.0180 resistance: 1.0250
Dollar / Swiss franc dollar / Swiss franc is expected to settle down, or see the first goal of supporting 1.0300 Swiss francs. Monday dollar / Swiss franc and the rebound in oil prices caused U.S. stocks fell hedge market awareness warming, which sets interest rates will trigger a trading positions, and then may suppress dollar / Swiss franc fell. Wall Street pullback and the rebound in crude oil stabilize the dollar triggered profit-taking, the heart of the market this week after a half weeks of heavy economic data, and if GDP weaker than expected payrolls data, the dollar could face more substantial adjustments. U.S. stocks of crude oil and exchange rate movements led the way toward today.
Technical analysis: dollar / Swiss franc, K-Line to a small Yinxian, technical indicators point to unknown. MACD shows that bullish on the line, but random targets and KD RSI strength index is high in the oversold region Guaitou down. The previous day%26#39;s dollar / Swiss franc 1.0313 lowered the minimum-maximum sustained rise see 1.0405 decline. Today, dollar / Swiss franc at 1.0370, if fully adjusted to the bottom of the region, will be lowered the support at 1.0300. Expected consolidation of investors.
Support at: 1.0300 resistance: 1.0370

European Exchange closed Prospect: weakness in the stock market sets interest rates are not intimidated

Yesterday%26#39;s market to U.S. financial markets worried about increased risk aversion sentiment warming, U.S. stocks fell, U.S. stocks closed after Merrill Lynch announced asset write-down, Japanese stocks and other Asian stock markets also fell, the dollar / yen and yen cross Downlink rate was limited. This may be the two main reasons: First, the latest of Japan%26#39;s weak employment data, the June unemployment rate rose to 21-month high of 4.1 percent in the second quarter of household disposable income decreased 2.1 percent, or 4 , The largest household expenditure decreased 3.3 percent, the biggest drop in 11 years, consumption of the second quarter GDP contribution will be very weak, the Bank of Japan Nishimura, vice president of the Japanese economy showed clear-yen is heading towards recession may be in support of the Bank of Japan will not be Rapid interest rate increase is expected to encourage investors to set interest rates on the other hand, the next on the 2nd uridashi bonds will be issued, and this week four have 11 kinds of investment trust will be issued, 17 kinds of foreign bonds will be issued. Most of these factors will support the yen currency right.
Asia City major data and events: New Zealand on June building permits rate -20.1% -47.1% annual rate in Japan in June, the household expenditure rate of 1.5 percent, the annual rate of -1.8%, salaried household spending on rate -0.6% annual rate 0.3 percent, 4.1 percent unemployment rate, the employment rate of -0.6% annual rate, the rate on retail sales 0.0 percent, the annual rate of 0.3 percent.
Financial market: Nikkei Index fell 1.46 percent, to close at 13159.45 points as of 14:20 - in recent months oil rose 0.20 percent, at 124.98 U.S. dollars / barrel, in recent months gold rose 0.35 percent, at 941.10 U.S. dollars / oz.
European major city data and events: - 14:45 France announced in July consumer confidence index and producer price index in June; 16.00 Swiss UBS consumption indicator published; 16:30 UK June consumer credit, the central bank mortgage License, mortgages and M4 money supply; 18:00 UK July retail sales survey CBI distribution breakdown of the difference.
The euro during the Asian euro / dollar closed at 1.5740, Merrill Lynch news write-down of assets to support the dollar rose to 1.5752, A City for the 1.5736-53 range. 1.5750 sovereignty at the top of hearsay account selling. USA Today data on the optimistic expectations support the dollar. Figure on four hours in a number of cross-sing after the crash and support the reversal, RSI indicators have to put the initial support in the 1.5611 (July 7 low), the resistance in the 1.5820 (May 27 high).
Japanese yen during the Asian dollar / yen and yen cross slightly downward, the dollar / yen fell to 107.30, the euro / yen fell to 168.94 Japanese FPAHK announced expenditure, employment and retail sales data, the overall weakness, the Japanese government officials For the growing risk of recession alert. But Asian stock markets extended yesterday%26#39;s decline in U.S. stocks fall in the yen currency suppressing right. Figure on four hours testing the greenback rose Tongdaoxiagui, a shape hammerhead bottomed out in support of the callback. Dollar / yen in the initial support 106.89 (200 day MA), the resistance in the 108.61 (June 16 high).
British pound sterling during the Asian / dollar closed at 1.9945. Goldman Sachs chief economist of the view that sterling / dollar will fall further, suppressing the greenback fell to 1.9922. Middle East account the recent buying support, the British pound retracement limited extent. The euro / British pound closed at 0.7894 and rose to 0.7902. Initial support at 1.9803 (100 day MA), the resistance in the 1.9907 (20 day MA).
Swiss franc during the Asian dollar / Swiss franc fell early trading, after the rebound for the 1.0323-47 range. The euro / Swiss franc in the 1.6255-83 range was sold for. U.S. stocks closed sharply after Merrill Lynch announced write-down of assets, the Asian stock markets fell, suppressing dollars. Swiss UBS consumption index of concern, the data will show strong economic performance in Switzerland in the G7 countries in the relatively stable, hedge fund flows to support the Swiss franc. Even on the map at the three cross-sing, RSI indicators down, callback support, four hours a hammerhead plans bottomed shape, RSI indicators reversal, the initial support in the 1.0136 (July 14 low of 4 hours map), the resistance in 1.0533 (May 29 high).
Australian New Zealand New Zealand Canadian yuan / dollar rose to 0.7467 from 0.7440, Asia accounts buying support, funds selling inhibit rally, the Australian / New Zealand 1.2838-54 yuan fluctuations in a narrow range. New Zealand in June building permits, down 20.1 percent, fell to 22 low, to support economic recession point of view, table Domino Reserve Bank cut interest rates last week is a wise decision, likely to cut interest rates during the year. New desalination fundamental news Lee yuan, but the greenback is still technically in pullback last week. Figure bearish indicators hours, the initial support in the 0.7385 (January 22 lowered low), the resistance in the 0.7652 (May 20, plans high).