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The Market Sentiment Is Potentially Better; &Nbsp; &Nbsp; The US Dollar Slightly Rises.

2010/12/23 17:34:00 41

Market SentimentDollar Rise

Asian data are scarce. Market sentiment Mainly by overnight stocks continue to record more than two years high and potential to better. dollar Full pressure, continuous taking Europe and America yesterday Gain Asia's most watched market in New Zealand's third quarter GDP data disappointed the market: the quarterly rate dropped by 0.2%, with an annual growth rate of 1.5%, which was worse than expected growth of 0.1% and 1.8%. New Zealand finance minister issued positive remarks after the data, saying that the New Zealand economy will be able to take action in 2011, and the market also anticipate that the reconstruction work after the September earthquake will provide support for economic growth. The NZD / USD was only briefly down after the GDP data. With the gradual easing of investor concerns, the exchange rate gradually recovered its previous decline. At the end of the day, it broke even yesterday's high point to become the most powerful currency pair in the period. In addition, it is worth noting that the Asian yen market has been strong. The USD / JPY hit a low of 83.05 lows. The GBP / JPY recorded a low of 128.04 in the past two months. Today, due to the suspension of the Japanese market and the lack of risk related to the Japanese yen, the strength of the JPY can not be ruled out. In other currencies, EUR / USD continued to maintain above the 200 day moving average, and the GBP / USD also initially stabilized on the 200 day moving average, while the Australian dollar / dollar recorded a recent high of 1.0036. European debt is lacking in important data. European debt worries have been holding down market sentiment for several days in Europe. In addition, tomorrow is Christmas. The euro / dollar will continue to fall into a weak possibility of consolidation. Other currencies may not be able to get out of the important trend.


Data released during the Asian session: New Zealand's third quarter GDP annual rate of 1.5%, the quarterly rate of -0.2%.


Data to be released in Europe: consumer spending, producer prices in November, and BBA housing mortgage loan in November.


Euro


After the euro / dollar pulled out of the overnight low, the Asian market mainly maintained above the 200 day moving average. European debt worries continued to plague the euro yesterday, but lower volatility in the pre holiday market limits the further decline of the euro / dollar. Technically, the euro / dollar supports short term support for the 200 day moving average, and the next one is concerned about the previous low of 1.2970.


Yen


The Asian yen market strengthened and USD / JPY hit a low of 83.05. Technically, the US dollar / yen is still in the early narrow range, and the random indicators continue to point downward, and the possibility of the bottom of the test interval in the short term is greater.


Pound


The pound / USD market continued to rebound from the overnight low of 1.5355, and the exchange rate reached a maximum of 1.5423, which was stable over the 200 day average. The GDP, trade accounts and other data released yesterday were all worse than expected. The main reason for the weakness of the British pound is that the UK's recent data are weaker than expected. Technically, the pound / dollar supports short-term concerns yesterday, and resists yesterday's high points.


Australian dollar / New Zealand dollar / Canadian dollar


The Asian market lacks data, but overnight the US stock continued to record a two-year high, making the underlying market sentiment better and commodity currencies being sought after. The Australian dollar / dollar sub market hit a 1.0022 recent high after breaking through yesterday's high. Technically, the Australian dollar / dollar daily chart index again pointed to the top, the short-term upward risk increased, the short-term resistance of the exchange rate continued to pay attention to the December 14th high of 1.0027, the next resistance was concerned about the November 11th high of 1.0083, and supported the concern of 0.9980.

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