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Sunday, July 3, 2011

Before New York high interest currencies hold gains focus Greece vote results

by yesterday EU officials speech and Greece Government will smooth through vote and get 12 billion euro of optimistic expected boost, Tuesday global stock market full rally, Japan stock market received high 1.13%, European stock market also substantially high, disc in the gains near 1%, early disc China Ministry said will help eurozone national implementation economic steadily growth, and is holdings eurozone bond, Greece concerns easing order euro, and pounds and AUD, high income currency continues to keep firm. Market attracted the most attention to the number of Greece's Prime Minister Papandreou results of the vote, the voting started last Sunday, the results will be announced around 05:00 in Beijing on Wednesday. Market consensus forecast Papandreou will successfully passed a vote to get the Government under the leadership of EU/IMF of 12 billion euros of aid loans to avoid Greece major bad impact of breach. In addition, since Papandreou after successful reorganization of the Cabinet on Friday, its 300 seats in Parliament, it also has most of the 155 seats, which also increased his odds of rate. Also proceed from the interests of the entire eurozone, Greece by reducing the Red case to gain assistance will help stabilize the market on Greece and other eurozone confidence in the country. If Greece successfully passed a vote of the new Government, Greece debt concerns are expected to further ease the global stock markets, commodity markets and high interest currencies such as euro is also strong recovery will be further boosted. However, is able to completely exclude the possibility of voting failed, Greece opposition parties and people in Taiwan are powerful against approved austerity plan and the holding of an early election calls for making the results still face greater uncertainty. EUR/USD rebound temporarily stalled below the 1.44, the exchange rate can continue rebound trend since last Friday to wait for Greece voting results announced, mood after voting results in changes in the market is also expected to have important effects on stock markets and commodity money. United States release United States May existing home sales data, material data limited impact, the mood of cautious optimism in the market may continue to dominate the major financial markets. (Zhong Ying)

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European period data: United Kingdom May public sector payments short difference 11.1 billion pounds , Expected 6.6 billion pounds; May public sector net borrowing 15.2 billion pounds, expected 16.5 billion pounds; United Kingdom June CBI retail sales difference value +27, expected 26; eurozone June ZEW economic boom index-5.9, expected 6.1; Germany June ZEW economic boom index -9.0,-3.0;

United States period data: United States May into housing sales;

euro/dollars in Greece vote case vote Qian keep firm, European period overall at 1.44 below narrow finishing. If Greece successfully passed a vote of the Government, the exchange rate is expected to rise further. Technology day figure stymied on 50 and 20th averages, stochastic indicators rising, but Exchange rate rising only valid break above resistance to a recovery trend.

$/Yen remain at above 80 debt consolidation, global stock markets as a result Greece crisis easing the overall rise, causing slight currency pressure. Short-term concerns Greece confidence in the voting results. But in this will be announced before United States existing home sales data, the exchange rate of may are likely to have a certain impact. Technically down greater risk of breakthrough of the day, dropped below 80 or further tested Poly plus channel bottom.

pounds/dollars in early trading the British central bankers Fisher speech suppressed from 1.625 fell sharply to 1.6166, Fisher said the British Central Bank may need to further expand the scale of quantitative easing, and represents the necessary depreciation of the pound. However, the global stock market rally Greece crisis easing exchange rate remained relatively firm as a whole. Short-term continuing attention to changes in market sentiment. Technically, daily figure rebound stymied by a 100-day moving average, indicators bearish, exchange rate risk near short term still has again retreated to 1.61.

$ AUD/recovered full rally boosted European stock market rally in Asia decline, but the current lack of clear direction for the time being, the exchange rate in Greece may vote before the vote, did not rule out continued consolidation. Below the Japanese stymied 50/20/10-day moving average line, if effective short-term breakthroughs will continue rangebound trend.