Pages

Thursday, March 31, 2011

Europe and the Central Bank's hawkish remarks come euro trend is still tangled

recent European Central Bank (ECB) and the Federal Reserve (FED) persistent officials made tough statements of the market for the two central banks raise rates expected rising. Nevertheless, the market still expects the European Central Bank will start as early as the Fed raise interest rates, making euro trend is slightly stronger than the dollar. However, in Europe and debt problems continue to exist, and market to the forthcoming United States optimistic case of non-agricultural data, euro rally to be greatly curbed. Analysts noted that the short term, the European debt problem is resolved, two major central banks in Europe and America are holding crunch, so only non-agricultural data to give EUR/USD good guidance, out of the current " agglutination " situation.

recommended reading Japan Yen exchange rate continuous sixth day go fell economic expected boost risk preference G20 Nanjing meeting does not on exchange rate Japan earthquake Hou investigation display economic status deterioration dollars fell fell over reverse predicted when cashed Greek Portuguese rating then was cut Europe debt situation tension AUD on dollars create 29 years high Japan the shouldn't spent reserves [RMB premium][market Center]

European Central Bank Implementation Committee members Smaghi (Lorenzo Bini Smaghi) Wednesday (on March 30) said When confirmed Member States face higher borrowing costs plagued banking when you can get help, the European Central Bank will begin to enter interest rate process. He also suggests that for some time to come, the European Central Bank may have " raise rates several times ".

Slovakia's Central Bank (National Bank of Slovakia), Member of the European Central Bank's Management Committee, President Ma Kuke (Jozef Makuch) said on Tuesday that Eurozone inflation is based on the European Central Bank is currently being reported to pay close attention to the situation, further spread while eurozone financial difficulties to remain vigilant, the line as early as April to take interest rates very high possibility of the initiative.

the European Central Bank Board Member stark (JuergenStark) on Tuesday also said that interest rates cannot be maintained at current levels for too long, is supporting measures to implement in particular cases.

previous ECB President Trichet (Jean-Claude Trichet) that Eurozone inflation rate is " stubbornly " in a Central Bank targets above. Trichet claimed that very worry about inflation continued to deviate from normal levels. Pave the way for the freedom of expression is treated as interest for April rose.

overseas famous media publish reports, market generally expected the European Central Bank will be held next Thursday's meeting of the interest on the interest rates by 25 basis points.

Brown Brothers Harriman (Brown Brothers Harriman) Mark McCormick, foreign exchange strategist said in New York, although the market interest rates in the eurozone is expected, but officials about not only the ECB interest rate remarks on the euro constitutes a support at a time.

however, fed officials are not doing, they also took turns out speech should withdraw from quantitative easing as soon as possible.

Dallas Fed President Fisher (Richard Fisher) local time on Tuesday said he will vote against the further relaxation of monetary policy after the June move. The current quantitative easing plan will end at the end of June.

President of the Philadelphia Fed puluosuo (Charles Plosser) said on Friday, at that time comes, the Fed must take all effective measures to tighten monetary policy. The Federal Reserve will tighten monetary policy in the near future have to, and exit after the massive easing measures implemented. United States economy since the summer of 2010 to have gained significant strength and kinetic energy, and appears to be on a more solid basis for moving on.

Chicago Fed President Evans (Charles Evans) on Friday said the United States economy is currently in recovery stage, and may further support measures of the Federal Reserve is no longer needed.

St Louis Fed President Bullard (James Bullard) also said in a speech on Tuesday, United States Government or at the beginning of global instability is resolved before normalization of its quantitative easing monetary policy.

Windsor Brokers Ltd. Slodoban Drvenica technology analyst pointed out that the euro/dollar up needed to return to 1.4147 high above the, can unlock the downside risk. Says

Forex.com Chief Strategist Brian Dolan, the EUR/USD rose put moving averages about 200 hours 1.4125, display the restart their run, breaking 1.425 may drive the euro rose to 1.44 per cent.

standard life (Standard Life Investments) money investment Director Ken Dickson Wednesday tableAs shown in the euro overvalued at present, before the sovereign debt crisis is resolved, or fell to underestimate the value of the euro area.

analysts pointed out that, in Europe and Central Bank officials of tough statements potential June forces the enemy situation, this week's non-farm employment data is extremely important, because no matter what attitude for monetary policy in Europe and America, ultimately depends on real economic data. If the data really show United States powerful gradual acceleration of economic recovery, the dollar index is expected to advance low near the bottom of the formed the medium-term; otherwise Fed official's remarks is the market considered that lack of economic support, the United States could launch a new round of rapidly downward, the euro is expected to rise further.

market is expected March payroll population will increase by 180,000, value increased by 192,000 or slightly earlier to decline, the unemployment rate in March was flat in per cent in February. United States Department of labor announced in Beijing Friday April 1 March payroll data.

09:39 ', EUR/USD 1.4140/43.