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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