The European Central Bank Has Fulfilled Its Promise To Ride The Roller Coaster Along The Exchange Rate.

European Central Bank President Delaki did not announce large-scale purchases Asset plan The so-called quantitative easing (QE) policy, however, indicated that it would take further action when necessary. The exchange rate rose sharply after a sharp fall. The roller coaster market shows that the actual policy action is not enough and its policy objectives can be achieved.

The US labor department will announce the non farm employment report at 20:30 this evening at Beijing time. financial market Pay close attention to this. Employment growth or slowdown in the US in May is likely to increase, but it is not enough to subvert the strong rebound in the US economy after the severe winter downturn.

　　 Euro dollar

If the exchange rate is controlled by the market's mood and psychological gap, we can see that the closing price is stable at the 1.3660 line trading, which is enough to dispel the enthusiasm of investors to be short again.

On the chart yesterday, the long line of the long line of the sun's body can be established at a low level of technical closing, so the short line tends to go higher, and the upper pressure target looks at 1.3690-1.3720. The strategy can wait or see low or operate first.

　　 Australian dollar

Yesterday, the closing price of the US dollar line was now reported at 0.9330. Before we said that the exchange rate was in the horizontal section of the 0.9200-0.9240, the spot price gradually challenged the pressure above to try to get more. But the pressure 0.9360/70 area was needed to break up again. Below day support, see 0.9300-0.9285.

On strategy, Australia and the US 0.9300-0.9285 do more target 0.9330-0.9350. or short 0.9360, stop 30, watch 0.9300 or hold.

　　 US dollar yen

The US and Japan exchange rate fell yesterday after the US index was crushed, and the closing of a swallow shaped K-line had a clear downward adjustment. Of course, the Asian Exchange's early morning exchange rate did continue a slight downward trend. Next we think that the exchange rate will explore the upward trend line of the daily chart formed between 100.80 and 101.42. That is, there is a certain support near the downward trend line (corresponding to level 102.10). Therefore, the daily support is seen in the 101.00-101.10 area, and the upper pressure is 101.60..

The strategy is to do more near the US and Japan 102, stop the loss of 30 points, target 101.55/70

　　 International Gold

International gold prices were also hit by a sharp fall in the US dollar yesterday, resulting in a big change. Gold prices first explored 1241 front-line lines. Then, after the euro's counterattack, Delagi, the president of the European Central Bank, pulled up the gold price by 1257.6.

The cash price is still under the pressure level, and the day's support is in the 1252-1250 area. If the non-agricultural data is good in the evening, the gold price is expected to be explored. 1264-1270-1276, on the contrary, it will return to the 1250-1240 interval again, while the lower 1240 will continue to see the 1220 downward trend.

On strategy, gold 1253 is much more, stop loss 4 dollars, target 1257-1262-1270 or 1275 layout empty list, see to 1264-1250.