the European message light, rising stock market maintain small risk appetite sentiment held steady, foreign exchange market to maintain recent trends: the Australian dollar and commodity currencies relatively strong headed niuyuan, and a relatively weak European currency. However, AUD and NZD uptrend against the dollar is facing important technical resistance: AUD/USD test record highs since 1.0256 free exchange rate, this is also a recent interval high; niuyuan/$ 61.8% close to the 50-day moving average line, and the decline in the early document 0.7550 back, then we will pay attention to these two currencies, can break through the key resistance. Relatively weak European currencies maintained headed by pound, pound negative news constantly these two days, may suppress the GBP/USD fell to poly plus channel near the rail under 1.6. EU Summit results have not come out, but Portugal has political as well as the debt crisis increasing pressure at the Summit, also taking into account Finland and Germany, EU Summit may be difficult to progress. Such factors may only provides support for the euro interest rate expectations, the market has digested the ECB April rise 25 points, if the ECB interest rate hike expected lack of progress, we need to be cautious of the euro to fall risk as amended. Euro/US dollar continued to drop in Europe is now closer to support 10th averages again. Strength of the euro and commodity currencies conversion provides a trading opportunity for cross. Investors may be concerned about the Australian dollar, New Zealand $/euro, the pound sterling. Just published United States quarter IV GDP from 2.8% to the amendment to 3.1%, slightly better-than-expected value of 3%, data, or help us dollar continued to rally. Dollar index currently test 10th averages again, focus on their ability to break. (LI Yu-Rong)
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Hui reputation cut Portugal sovereignty credit rating from A+ cut to A- Spain Bank rating was cut euro short-term can "quite live" Euro encounter Portugal this road Ridge Yen sets income transactions or prevailed Philippines Central Bank interest rates 25 a basis points relief Portugal scale is expected 60 billion-70 billion euro [RMB premium][market Center]European period data and event : France IV quarter GDP per cent end value: 1.5%, quarter rate end value: 0.4%; Germany February import price index months rate: 1.1%, per cent: 11.9%; France March consumer confidence index: 83; Italy January retail sales months rate (quarter adjusting 後):-0.3%, per cent:-1.2%; eurozone 2 months three a months M3 currency supply per cent (quarter adjusting 後): 1.7%,M3 currency supply per cent (quarter adjusting 後): 2%; Germany March IFO commercial boom index: 111.1, status index: 115.8, slightly higher than expected, expected index: 106.5, is slightly lower than expected;
United States period data and event: United States IV quarter GDP per cent end value: 3.1%, slightly higher than expected value 3% and Qian value 2.8%; United States IV quarter personal consumption per cent end value: 4%, Qian value and expected value are for 4.1%; United States IV quarter GDP flat reduction index per cent end value: 0.3%; United States IV quarter personal consumption expenditures price index PCE quarter rate end value: 1.7%, core PCE index quarter rate end value: 0.4%. 21:55 ' will be published United States in March, the University of Michigan consumer confidence index end values.
20:30 fed speaking Evans; 21:15 Director Lockhart on the economic situation of the Federal Reserve made a speech.
period of EUR/USD rally blocked down below the 1.42, after European markets high to maintain their run has failed to provide support for the euro. Interest rates expected recently has been providing support for euro, but today is the last day of EU Summit, investors may be cautious before results. In addition, from time to time the eurozone appears all the negative news also depressing the enthusiasm of investors to push up the euro. Focus on EU Summit results, it will determine the short-term trend of the euro.
European dollar stronger overall the dollar/Yen broke through the recent consolidation interval in hours, but with non-US rebound after, dollar/Yen is falling significantly. United States slightly better-than-expected GDP data, may provide support for the dollar. Technically, dollar/Yen continue to consolidate in 20th averages below, direction is unknown.
GBP/USD and continued the downward trend of the former 2nd Europe below 1.61. on the fundamentals, because today there is no important United Kingdom figures, proceedings of the British Central Bank announced on Wednesday and Thursday of worse-than-expected retail sales data may continue to depress the pound sterling. Technically, GBP/USD from March 22 high falling significantly, short-term trends further down that if the early lows near 1.598 supported may maintain interval turmoil.
although the problems of the European Union, but there is no market risk aversion sentiment, reducing market haven demand for the Swiss francs, US dollar/Swiss franc period supported, rebounding to near 0.9150 near 0.9090. Technology, concerns 20th averages of the resistance position, if breakthroughs will be built at the end of the short term risk.
European stock markets rise, provided support for Australian dollar, AUD/USD close to record highs 1.0256. Australian dollar/US dollar rising 5 consecutive days, currently at the top of our consolidation interval, early meetingDilapidated for this many times. Current risk sentiment continued to be major factors leading Australian dollar trend, closely following the progress of the European Union Summit.
