abstract: midday in New York on Thursday, in the "Easter" decreased market liquidity before the holidays, part of the long closed pressure decline of EUR/USD since the 16-month high, while Trichet speech the same bad euro, but Germany commercial bank and France Industrial Bank (601,166, unit) is still singing the EUR/USD to 1.51.
Thursday (21st) midday in New York, the EUR/USD is stymied 1.465, before easing back to 1.456, decreased market liquidity before the Easter holidays, part of the exchange rate of the long positions may be cause of 1.4648 down from the 16-month high.
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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 [RMB premium][market Center]also , EUR/GBP, Euro/Japanese Yen cross weakening also drag down the euro/dollar to some extent, near the short-term support at 1.45.
a US Bank dealer in Hong Kong, said: "if I selected, I will after the London market began trading to sell part of the Australian dollar and the euro. We have many times before the holidays to see before this correction trend appears. "
Trichet Speech bad euro
the European Central Bank (ECB) President Trichet (Trichet) pointed out that before, we are looking to self-sustained recovery, but he said, has not yet decided whether to continuous rise.
Trichet also said the United States deal with full confidence in the budget. The dollar boosted investor confidence, the United States means a slight rebound from the 32-month low, but the euro is bad.
Thursday Germany data released overall poor performance, Germany April status of the IFO index is higher than expected, but the other two indicators are worse than expected.
in addition, Greece and Ireland yields continue to rise, euro trend also darker latent risk, should be vigilant.
two bodies to sing euro/US dollar to the 1.5100
Germany commercial banks (Commerzbank) technical analyst Karen Jones said, the euro/dollar concern 1.5145/50 area.
Jones said, the EUR/USD rose breakthrough 1995 high 1.4535, which made us to the currency of the judgment from which turned positive.
she considered 1.4535 very key resistance level, if above this week to close at this point, from which will be more confirmation into a positive point of view.
she pointed out that, if above the exchange rate closed at 1.4535 this week, the next target would be 1.5145/50.
Division, Bank of New York Mellon strategist Michael Woolfolk said: "emerging market central banks to reduce desire, this will have on the euro support. "
France Industrial Bank (Societe Generale SA) technical analysts said the euro/dollar break the 1.45 level resistance bands, the exchange rate is expected to rise to 1.51.
the Bank pointed out that, above the euro/US dollar pressure located near the 1.47 level, 1.483, if Exchange rate exceeded two resistance, the target will point to the November 09 high 1.5145 level up.
tips
Easter (Easter Day) is an important holiday in the West, in the vernal equinox of each year first Sunday after full moon. Christians believe that Easter symbol of rebirth and hope, to commemorate Jesus Christ was crucified on a cross in between ad 30-33 day of the third day after Easter.
2011, April 22 for good Friday, April 24 for Easter.
