2010年11月28日星期日

Rebound in the euro plunged the United States

This week's market focus for the Irish debt crisis and the tense situation in the Korean peninsula. The debt crisis in Europe, Ireland's debt outstanding, which reduced spending plans being questioned all parties, difficult. Meanwhile, the main concern of investors is not confined to Ireland, a country, most investors believe that, following Greece, Ireland, the previous "four European pig" in Portugal and Spain could not escape unharmed, when the outbreak is only a matter of time. Spain is Europe's fourth-largest economy, once the debt crisis, it is estimated the whole of Europe would be plunged into a more difficult situation.

In addition, the week's other big event is the increasingly tense relationship between the Korean peninsula. This event makes the investor risk appetite has decreased, on a safe-haven dollar and gold movements played a supporting role. The dollar index broke through the previous high this week and touched a new high of 79.995 last two months. As the recent debt crisis in Europe is the noise the dust in the short term the dollar index should continue to be boosted. Technically, the dollar index is still below the mark in the 80 key integer, plus a 100-day moving average here, there is relatively strong technical resistance, but once the future of the United States refers to the suppression of a breakthrough this point, we may have toward the 200 day moving average of 82 near forward.
The euro, the euro against the dollar this week, a decline of nearly 500 points, below the 100 day moving average support. Europe has been analyzed in detail above, the current predicament. In this case, the euro multi-currency worrying trend. Technical graphics, the euro against the dollar in the next support level around 1.3130, 1.3 more integer bit pessimist sees.

Pound, the Confederation of British Industry (CBI) latest survey showed that retail sales in November was 43, the difference is better than market expectations and the former value. The survey also showed strong growth in retail sales over the past five months, but from early next year, the VAT increase may affect its long-term prospects. Affected by this, the pound has been some boost. However, dragged down by the euro, the pound prospects remain fragile. GBPUSD has dropped below 50 day moving average and trend line support, lower support to see at 1.5686.

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