2011年10月18日星期二

China‘s weak data will lead to Euro, Australian dollar fall

Tuesday (18 October) morning Asian market, AUD / USD lows, and broke through the 1.0200 mark integer noted, currently at 1.0210 near the night, through the European debt crisis, the Australian dollar / U.S. dollar since the One-month high at 1.0150 1.0371 sank close again after a rebound.

Barclays Capital (Barclays Capital), Chief Strategist Masafumi Yamamoto said in Japan that, go when China released later on Tuesday, soft economic data, and investors the impression of leaving the global economic downturn, then fell to the euro and Australian dollar is very likely.

10:00 GMT China will release industrial production in September, retail sales and the third quarter GDP data. Generally expected, China's annualized in the third quarter GDP growth of 9.3% expected.

Wednesday (October 19) Asian city at noon, AUD / USD traded high vibration, currently at 1.0265 near the night, through the good news of the AUD / USD has climbed.

German Bank (German Bank), said chief currency strategist John Horner, that is, given the AUD / USD greatly increased this month, and then the principal risks facing the test of time, the dollar over a period of sideways consolidation time experience .

Horner added, given the recent sharp fluctuations in the exchange rate situation may be the euro / dollar fluctuations in the next few days in the area at 1.0000 to 1.0500.

He expects that the Australian dollar / US dollar will probably continue at the top of volatility, the market expects the introduction of the EU summit, at least some details of European aid money.

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China's GDP growth slowed to data, AUD / USD fell below 1.02

Tuesday (18 October) morning Asian markets fell, AUD / USD slightly and fell to 1.0200 in the bottom of an integer mark, with most gains recorded earlier, currently at around 1.0165, mainly due to some early time China announced weak third quarter GDP data has an influence on the formation of pressure on the dollar.

China's National Bureau of Statistics released on Tuesday, in the third quarter, GDP increased by 9.1% annually, the expected value of 9.3% rise economists earlier, the previous values ​​have risen by 9.5%, below market expectations and the previous value. In the third quarter, GDP rose by 2.3% over the previous rate values ​​have risen by 2.2%, September Retail growth rate of 1.35%, 1.36% before the value of growth, total retail sales in September 17.7% per year, slightly higher than the previous value.

The weakness of China's GDP data, investors raised concerns the global slowdown, the recovery of the global economy were negative.

China's economic growth slows, economic growth for the Australian economy have serious negative effects, China has the purchasing power of commodities in Australia, China's economic weakness could be there to Australia to make the importation of raw materials has decreased, leading to suppress clogging Australia exports growing to AUD / USD have been suppressed, with most of earlier gains.

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2011年10月15日星期六

European debt crisis, a good economy, extended gains currency risk

Friday (October 14) G20 meeting of finance ministers proposed to increase funding for the European countries to the crisis and the strong U.S. retail sales data to the market for U.S. recession fears reduced weather, the European debt and the economy, both positive and the risk of currency this week to extend the rally.

In early Asian trading on Friday, when the Spanish rating from Standard & Poor's "AA" to "AA-" The consumer sentiment is what a little pressure, but then, in the European meeting of G20 finance ministers propose that the size of the IMF can improve lending in the euro area, China and Brazil and other emerging countries are trying to support through the IMF, the message makes the Euro zone sentiment picked up gradually.

The United States announced in early September, the U.S. once again the strong retail sales data to following the Non-Farm Payrolls data again to reduce to a large positive economic outlook for the market concern about the market risk appetite a boost.

U.S. stocks and the risk of currency fluctuations time remained strong, particularly in commodity currencies because of the heat output of the risk appetite greatly and rose again strongly in the vicinity of the tight U.S. stocks indicated refresh intraday high of market sentiment is very optimistic.

The current focus is on the G20 meeting of finance ministers of the euro-zone debt problems can make any significant progress, intensified European debt problem has become the biggest threat to global economic recovery, a heavy blow to the confidence investors have the economies of victims, G20 Treasury behind the euro zone, but also about their own interests, after all, if allowed to continue the development of the debt crisis, this financial crisis and the recession is very possible to take into account also for the countries of their own interests, are not happy to see, exacerbating the problem continues European debt crisis.

Therefore, in this country will probably minister, how to solve the problem of debt in Europe to fund some progress depends on how much progress on the political game between the countries, but in the short term the market risk appetite tends to heat up further.

Better than expected released U.S. retail sales data for the market risk appetite warming the euro / dollar high rise broke in the first 2-day high, then the time of the exchange rate into a higher order, technically the euro / dollar in the short term to call on, but must The key focus to 1.4000 resistance.

The Government of Japan will be released in the U.S. session next week, announced measures to curb the yen's appreciation after the speech, stop, the dollar / yen rose strongly, but the exchange rate and not on the trading range to the top Chart B, the dollar / yen trend could next week depends on what measures will be taken by the Japanese government and the intensity of the measures.

Australian dollar as the highest interest rate has been very strong past performance, risk taking, warming Australian dollars for Australian dollar / US dollar to time continue to rise, now makes 200-day moving average is around, profits are still bullish.

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Australia and New Zealand security better than the Euro€

Friday (October 14th) New York mid-day, AUD / USD high order, is listed at the exchange rate currently around 1.0300 level.

Group of 20 (G20) Emerging Market sources said the International Monetary Fund (IMF), the capital of about $ 350 billion can be raised in order to increase their firepower in order to help Greece out of the crisis. China, Brazil and other emerging economies by the IMF to try captured, provide assistance to the debt crisis of the Euro zone. The message also significantly increase the confidence of the market.

In the meantime, the German Chancellor Angela Merkel (Angela Merkel) in the Group of Twenty (G20) finance ministers meeting on the eve of said, is the G20 to discuss two key issues, including the tightening of supervision and how to prevent injuries unstable banks and the entire the banking system.

Nomura Holdings (Nomura Holdings) Foreign Exchange Sales Director Kurt Magnus said the market takes a breather before the weekend G20 meeting will.

Kurt Magnus said, even with the negative news, investors are selling the euro, it acquired the Australian and New Zealand dollars relative safety.

Rebound in risk appetite rose AUD / USD 150 points

AUD / USD on Friday (October 14) rose by 150 points and breaking the 1.0300 mark, a month high of 1.0345 hit. G20 meeting to increase the Treasury days, the proposal to increase funding for the European countries to the crisis and China's CPI data down, strong U.S. retail sales weather, got the stock market and commodities to get a big boost, a willingness to to support Australian dollars.

In early Asian trading on the Spanish S & P rating lowered to AA from AA light pressure on the market sentiment, but then in China in September CPI fell by 6.1% per year, in line with expectations, noting that China may facilitate a further inflationary pressures, but also to reduce tensions on the market to emotions.

Chinese data, which is good news for the Australian dollar, Australian dollar, as China's economic growth outlook is closely related. AUD / USD rose again from this steady rise since bottoming in the upper and lower daily low of 1.0150 to break the 1.0200 mark.

Thursday Slovak Parliament approved the request for extension EFSF vote, followed by a talk by some EU officials expressed optimism about the European debt crisis, market risk appetite, the yen's safe-haven buying market is reduced gradually.

G20 finance ministers meeting Friday, European time, on a proposal to increase the size of IMF lending in the euro zone, China, Brazil and other emerging economies by the IMF to try captured, provide assistance to the debt crisis of the Euro zone. The message also significantly increase the confidence of the market.

Data released early to rise New York, U.S. retail sales in September rose 1.1% to 0.7% expected, U.S. September retail sales record in February 2011, the largest increase since greatly stimulated the positive sentiment in the stock market and commodities rose sharply.

European stock markets closed, or nearly 1% increase, the three major U.S. stock indexes more than 1.5%, crude oil futures rose more than 2%.

New York time, the German Finance Minister Schäuble said that the IMF has promised adequate instruments will surely convince EU summit to hit the market on the decision.

With the euro-zone sources Friday (October 14) that Germany and France has to solve in the euro zone debt crisis, a program to reach a consensus that the two countries, the program will contribute to the defense of the euro. The market expects to submit the European debt crisis EU summit concrete solutions.

From a technical point of view, although on Friday exchange rate rose to 61.8% retracement exceeded the pressure, but the point is to touch down trend line, trend line this week is expected to suppress the exchange rate will have some limitations.
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