Europe'S Currency Fell &Nbsp, And The US Dollar Gained Strength.

When the US non-agricultural report failed in late week, the third round of quantitative easing was rekindled. It only happens that long holidays in Europe and America limit foreign exchange market volatility. This has also added variables to this week's market.

Spain launched last week National debt The results were not good enough, and Spanish officials warned that the country's economy was at risk. This aggravated the market's worries about the economic outlook of Spain and Europe. What is even more disadvantageous is that apart from the "European pig five countries", which is worrying about market habits, the French auction of treasury bonds also shows signs of rising cost of financing, implying that the European debt crisis is spreading and dragging down the trend of the euro.

In addition, Federal Reserve While the meeting minutes lowered market expectations, Delaki, the president of the European Central Bank, expressed pessimistic remarks, saying that he did not plan to adjust the unconventional policies. This means that the "European version" quantitative easing policy will continue for some time. This is also given. Euro Additional downward pressure.

Since a number of Federal Reserve officials including Bernanke, chairman of the Federal Reserve, spoke this week, especially in March, when the US non farm report was weaker than expected, the market urgently needed to find out the latest trend of the QE3 outlook through the relevant statements of the Fed officials. However, from the minutes of the Federal Reserve meeting announced before, we can see that despite the decline in the Federal Reserve's enthusiasm for QE3, there are still divergent views among officials on this issue, thereby adding to the volatility of US dollar. Similarly, the Fed's brown leather book released in mid week will provide investors with more clues. The whole event is expected to have a slight negative impact on the US dollar. In addition, China's March CPI data, the Japan central bank monetary policy conference and the United States weekly application for unemployment benefits will also attract investors' attention.

Overall, there may be a rebound in the euro and other non US currencies this week, but the downward trend in the US dollar in the medium term will continue.

Technology trend chart shows that the US dollar index bottomed out last week, hitting a new high of nearly three weeks. At present, the 5 day moving average follows the US index, but the medium-term average line basically crosswise, and the RSI index is rising to a strong area. From a long period of view, the US index is in a broad concussion pattern, and is currently in the stage of rebound. It is expected that there will still be upward space in the near future. But there is strong selling in the 80.70/80 area above, which will block the rebound of the US index. Only by breaking through this position can the dollar rise and the obvious resistance is 81.80. The initial support position is 79.40/50 in the average density area. Once the position is effectively broken down, it means that the US dollar will end its rebound ahead of schedule and return to the defensive posture, with a stronger support of 78.65.

The euro remained heavy against the US dollar last week, and the exchange rate fell for many days, only a slight rebound on Friday. The daily technical indicators show that the short-term average daily line is moving downward, but the 60 day moving average is still rising slowly. The RSI index shows signs of stabilization in the weak area. It is estimated that the euro may rise to the US dollar earlier this week, and the 1.2980-1.3000 below will form a certain support for the exchange rate. However, if the position falls effectively, it means that the euro's downtrend will continue, and then it will support 1.2850. The initial resistance is at the 60 day moving average. Only when the rally is recovered, will the euro rise to a sustained rise and the next resistance level will be 1.3240.

The Aussie dollar did not perform well against the US dollar last week, and the exchange rate hit a new low in the past 12 weeks. The daily technical indicators show that the short-term average line system is arranged in a short order, the 60 day moving average is heading downward, and the RSI index is maintained in the weak area. The Australian dollar will continue to be dominated by concussion in the future. There may be a rebound in the short term, but the possibility of breaking through the 20 day moving average is low, and the exchange rate will be blocked by selling around 1.0365. If the exchange rate falls below 1.0240, the market will be further reduced to 1.0145.