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Euro Sentiment Is Down &Nbsp; Focus On Swiss Franc.

2011/8/18 15:17:00 36

Declining Euro Sentiment Concerns Swiss Franc

Asian trading session

Euro

Since the fall of the high position, the lack of progress in the idea of euro zone common bonds at the summit of German and French leaders, and the weak economic data in the eurozone have all disappointed the investment community, which has led to a decline in the popularity of the euro.

Earlier, the meeting between French President Sarkozy and German Chancellor Merkel mainly discussed the long term integration process in the euro area, but they said that joint issuance of eurozone bonds might only be a longer-term option.

Since then, the German Federal Statistical Office has announced that it is dragged down by factors such as poor balance of payments, stagnation of consumption and weak investment in construction, and Germany's GDP growth in the second quarter.

slow down

The euro exceeded the US dollar against a 1.4472 high and dropped to near 1.4350.

The Swiss government will hold a meeting later to discuss the suppression of the Swiss Franc appreciation. It is rumoured that the Swiss central bank may put the euro to 1.2000 against the Swiss franc, but no details have yet been reached. It is foreseeable that the sharp fluctuations in the short term will be worth noting.

DELL's poor performance has depressed market risk appetite, which has blocked the rally of the Australian dollar against the US dollar. At present, the exchange rate is still hovering below 1.05.

The Australian payroll data did not attract much attention. Data show that the second quarter wage index in Australia rose 3.8% over the same period last year, which is in line with market expectations.

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Analysis:

Euro versus US dollar: the slow KD index crossover up to the daily chart.

Overbought

Regional, 5 - day average and 10 - day average line of gold fork, SAR index low stability, the euro short line if the top 1.4530 of the short term concussion is not fruit, may lead to profit, the price will be under pressure down again, lower gear important support in the vicinity of 1.4050.

Aussie dollar to us dollar: on the Japanese line, the Australian dollar slow KD index gold fork upward to the overbought area, the 5 day moving average starts to turn upwards, the SAR index lows to stabilize, the Australian dollar is expected to encounter strong resistance after the overfall rebounds to 1.05 level, after this effective break up this position, it is expected to continue the rally to the 1.08 level nearby, otherwise its future market trend will be partial to the callback arrangement.

US dollar to Japanese Yen: on the daily chart, the USB / JPY slow KD index formed a golden fork in the oversold area, the average system maintained a short order, and the SAR index fell at a high level. The US dollar short term trend is neutral and may continue to be in the range of 76.30 to 77.30.