Chen Jinliang: Greece Is Still A Time Bomb For The Euro.

On Wednesday, the European Central Bank announced that it would suspend the credit rating immunity when Greek bonds were taken as collateral. Now that Greek debt is junk debt, it has only temporarily relied on the rating immunity to get the cheap financing from the European Central Bank. The action of the European Central Bank is no doubt a serious impact on Greece.

Of course, in the negotiations,

Wa Lou Fa Keith, the finance minister, was also putting on a broken pot. When the European Parliament President Schultz warned Greece not to give in, Greece would fall in.

When he was in trouble, vrougakis replied, "is Greece not bankrupt yet?

The situation in Greece is

Unbearable lightness.

It's hard to rebound 400 euros, which is down more than 100 points immediately due to the freeze of Greek credit rating immunity.

In the future market, the Greek time bomb still does not know when to blow up the euro.

The European Central Bank will issue an economic communique within days, while the Bank of England will have interest rate decisions. These two events will be the focus of today's market.

Euro trend, although the rebound structure of the Japanese line has not been completely destroyed, but the 4 hour Euro trend is still on the downward trend, it is expected that this trend will run to today, so it is possible to empty the euro within a day, the entry point can choose near the level of pressure 1390, stop 1415, stop earnings 1320.

The turmoil in the Greek outlook has also given the market a sense of risk aversion. Gold has been backed up by hedge funds for a short time.

Aside from the fundamentals, it has been emphasizing that gold is the rebound of the 1130 month line level, and the rebound will not end so quickly. So the basic operational ideas of the future market will be much lower than usual, and within the day, you can choose to do more in the 1264-1266 area, stop the loss 1262, and stop the profit to see 1280-1295.

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"The recent two weeks of sharp fluctuations in the RMB did indeed depreciate, which is only for the US dollar, the renminbi against the pound, the euro, Australian dollar, Japanese yen and other major currencies are rising."

Xie Yaxuan, chief macroeconomic analyst of China Merchants Securities [micro-blog], said: "the fundamental reason is not that the renminbi is too weak, but that the US dollar is too strong."

Zong Liang, deputy director of the international financial institute of the Bank of China, said that the real value of the RMB should be judged by the real effective exchange rate.

"Since October 2014, the euro has depreciated more than 20%, and the Japanese yen has depreciated by nearly 15%, but the renminbi has fallen by only 2.2%.

The real exchange rate of the renminbi is on the rise.

Zong Liang said.

Correspondingly, it is hot outbound travel and busy overseas purchasing.

According to the staff of Beijing CYTS exit department, the number of European group tours has increased substantially over the past year, and the number of free travel is doubled.

"Except America, it's cheap to go anywhere."

Ms. Qian, who buys money in Germany, has been drying up in WeChat every day: "a 1530 euro LV female bag bought around six months ago is about 13000 yuan, and now it only costs 11000 yuan."

A number of experts said in an interview with reporters that currencies in different countries were mixed, and that the yuan would only depreciate against the US dollar, and that the impact on exports and capital outflows would not be significant.

For some of the "dollar just needed" citizens, the recent depreciation of the renminbi has created a real "Puzzle".

The lobby manager of a bank in Xicheng District, Beijing, told reporters that compared with two weeks ago, it would take about 500 yuan to exchange for ten thousand U.S. dollars in cash.

According to the reporter, at present, the annual interest rate of the US dollar is less than 1%, and the annual yield of related financial products is only about 2%. At present, the interest rate of RMB deposits can reach 3.3%, and the yield of financial products is about 5%.

It is not worthwhile for the general public to hoard the US dollar too early.