summary: United States economic data showed signs of QE2 effect has appeared, coupled with the possibility fed officials who implied interest rates, causing the dollar interest rate hike expected, led to the recent strength of the dollar index. Future concerns that will be announced on April 1 United States non-agricultural employment data for March.
United States economic data display improved signs, QE2 effect has appeared, plus fed officials successive implied interest rates possibilities, to raised dollars interest rates expected, led recent dollars index strengthens, dollars index Shang Tuesday touched a years yilai of low 75.249, technology form Shang, 5th averages up breakthrough 10 daily line rendering gold fork, MACD index DIF low up breakthrough DEA, and Red column has zoom, display out currently touch end of signal. At 20:54 ', $ index 76.33/40.
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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]fed open market Committee on March 16 decided maintained interest rate and the second wheel QE scale does not variable. However, since its last meeting, as the global economic and political development of the situation, the Fed officials made some remarks and had slightly different, and aroused the close attention of the market. Currently 11 of the Federal Reserve's monetary policy Committee member with the right to vote, with Fisher and puluosuo clearly expressed the need to end the current quantitative easing policy in advance, mainly based on economic growth and rising inflation pressures.
Tuesday (29th) Brad says 2011 United States economic growth forecasts are very good, compared with last summer, United States economic growth prospects have been improving, 18 months after the recession of the economic recovery is a powerful positive signal. He originally supported the pigeon who, to support hawkish. Raised end the loose monetary policy for the Fed speculation.
on the foreign exchange market, dollar index's recent rebound triggered a forex exchange rate fluctuations, GBP/USD 5 consecutive trading day decline in unilateral, Trojan, or 2.17%; above the dollar/Yen breakthrough successive averages resistance level, 82.2 30th averages on the station today.
future concerns:
less because of the economic data this week, global geopolitical tensions had not changed much, so the market may come early to enter United States market for non-agricultural employment data. United States non-agricultural employment data for the foreign exchange market has a very important impact, which released the first Friday of each month, will be announced April 1 United States non-agricultural employment data for March.
also, 22:00 ' today, United States to be announced March consultation the consumer confidence index, the first value was 70.4, this forecast values of 65, which if exceeded expectations are also on the foreign exchange market volatility.
