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FX168: Non US Currency Section Finishing &Nbsp; US Dollar Index Narrow Fluctuation.

2010/6/12 15:11:00 38

Finance

During this period, the main non US goods The bottom of the coin recovered and the US dollar index dropped. Greek Prime Minister Papandreou (AndreasPapandreou) said on Friday (June 11th) that the government's goal was to make the budget deficit less than 3% in GDP before 2014, and to reduce the budget deficit to 8.1% in GDP in 2010. Meanwhile, Barroso, chairman of the European Commission (EuropeanCommission), said he did not believe there was a conspiracy against the euro, but had to face these attacks with "great determination". (JoseManuelBarroso) In addition, some important economic data released by the United Kingdom and the United States are not performing well. The market is worried about the prospect of global economic recovery. Major non US currencies are under great pressure.


Focus and weathervane:


Japan April Industry Output correction value


Analysis of major currencies:


   Euro / dollar The exchange rate opened at the 1.2146 level. In the early trading session, the exchange rate fell sharply, trading below the 1.2100 pass and refreshing the low level of 1.2046 within the day. During the noon session, the exchange rate rose to a level near 1.2090 after the purchase of bargain buying. Technically, the euro / dollar is stable near the 10 day moving average, while the MACD index of the red kinetic energy column is shrinking, but the KDJ index continues to explore. If the exchange rate breaks through the 1.2240 level, the initial upward goal will point to 1.2670 level. If the exchange rate falls below 1.2040 level, the downward target will point to 1.1950 level.


Sterling / US dollar: the exchange rate opened at 1.4635 this time. In early trading, the exchange rate declined rapidly. At the beginning of the afternoon, the exchange rate expanded and the intraday low level was 1.4504. After the afternoon, the exchange rate rebounded and ended up near the 1.4530 level. Technically, the GBP / USD gained support near the 10 day moving average, and the MACD index red kinetic energy column has shrunk, and the KDJ index has initially formed a dead fork. If the exchange rate falls below the 1.4490 level, the initial downward target will point to 1.4330 level. If the exchange rate breaks through the 1.4760 level, the uplink target will point to the 1.4900 pass.


US dollar / yen: the exchange rate opened at 91.61 this time. In the early trading session, the exchange rate dropped sharply, and the intraday refresh low 91.26 level. Subsequently, the exchange rate rebounded quickly. During the afternoon session, the exchange rate narrowed around the 91.60 level and ended up near the 91.70 level. From a technical point of view, the US dollar / yen gained support near the 21 day moving average, the MACD index slightly enlarged and the KDJ index turned upward. If the exchange rate breaks through the 92.20 level, the uplink target will reach the 93.10 level. If the exchange rate falls below the 91 level, the downward target will reach 89.80 level.

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