dollar fell further this week, European monetary and commodity currencies are stronger and create short-term highs, dollar against the yen also fell to 82 following again. Dollar tumbled $ comes from bad external environment as a whole there is still no change. At the same time, accumulation of dollar short positions have reached a certain altitude, there is no reason for positions and opportunities. Expected high next week with the main non-dollar currencies held steady after the record high and investors in the short to short, sharp falls in the dollar further pressure will weaken.
recommended reading
dollars index create 32 months low dollars required to fed "changing faces" us means short-term vulnerable difficult modified Exchange rate tools will into anti-inflation means China joined currency appreciation anti inflation army Greece will in two year recombinant debt dollars feiliu direct Xia strong dollars this is commodity currency by sought after AUD exchange rate frequency innovation high school quarter investment policy will hot registration in the Shenzhen Xu Mr: euro against dollars can supplement warehouse buy , The target above the 1.48?
Chen Jing,: EUR/USD exchange rate in the vicinity of 1.455, short expected technical correction pressures, it is not recommended for this near and above to buy euros. Recommended held the euro in the vicinity of 1.46 150 point track stop, temporarily continued, targets in the vicinity of 1.457. Recommends short positions temporarily in 1.436 and following further consider whether to buy the euro. In addition, the exchange rate of the euro against the yen to continue rising to more than 122. Thought for operation in Sterling, US dollar against the Swiss franc against the dollar as above, but Swiss franc 0.8850 and below could be considered closed.
Beijing Xu: US dollar Canadian dollar now what to do? The fall in oil prices, why Exchange rate has not risen?
Chen Jing,: dollar against the Canadian dollar fell to lows near 0.9530 currently, dash may fall further to 0.9440. But the dollar Canadian dollar even repeated low finishing or c $ to buy at the current exchange rate levels is not recommended, but considered closed. Other commodity money, finishing high Australian dollar against the US dollar, but is not recommended to buy short-term recommendations to sell.
Ms Fuzhou forest: the dollar Yen how to do? Whether to buy the yen?
Chen Jing,: the 82 the following are not recommended to buy the yen, the dollar rebounded against the yen to 83.60,84.40 and then consider whether to buy the yen. Recommends in the vicinity of 82 of 100 yen point track stop loss, target set in the vicinity of 80.8.
(Chen Jing, GMI international financial analyst)
