Overview:
916 to 17 in Poland, EU finance ministers meeting held in member countries to strengthen economic governance reform program reached an agreement in principle, the European Parliament 9 plenary session scheduled for launch this vote. However, the Greek for assistance programs, expansion of the European Financial Stability Fund (EFSF) and the introduction of tax and other financial transactions of great concern to the market, this meeting did not bring more good news, the corresponding euro was also down.
euro/dollar lower in early trade, the euro zone finance ministers meeting for the weekend did not yield any results, the results disappointing. In addition, the euro-zone leaders to resolve the crisis is still no consensus on the issue.
this week need to focus on:
2011 919 to 923 the week important events Fed rate decision; Reserve Bank of Australia, Bank of England published the minutes; Bank of England, the Swiss central bank announced quarterly; important indicators of the German PPI, economic sentiment index; U.S. housing starts; Japan?s trade account; the Canadian CPI.
United States:
the market?s attention will shift to the United States. U.S. Federal Reserve on Tuesday and Wednesday 9 policy meeting. FOMC will continue to maintain low interest rates unchanged 0-0.25%, because the 89 day conference has made it clear at least to maintain the federal funds rate unchanged in 2013. Most investors expect the U.S. Federal Open Market Committee (FOMC) in the bond market to take some form of intervention measures to stimulate the sluggish economy, but does not directly purchase assets, the so-called ?third round of the quantitative easing monetary policy & rdquo ; (QE3). Also to note is that the Fed?s policy meeting, is the need to pay attention to the key.
remittance operation suggestions: Approach spaces: 76.50, Stop: 30 points, target: 78.20
euro:
EU finance ministers failed to agree, once again exposed the euro-zone countries to prevent the Greek debt crisis global economy serious differences on the issue. While investors want to see debt crisis in Europe solution, but the euro-zone finance ministers will continue to grant more loans to Greece?s decision to postpone to the next.
as long as the euro zone sovereign debt crisis is not resolved, inter-bank credit crunch situation will not improve, and five lines of liquidity into the market to ensure that the market can take a considerable role in U.S. dollar liquidity buffer.
from the technical aspects: the inertia of the euro?s decline and its economic factors have a direct link, follow-up market, still be short of power, continue to see empty ideas, but a very important aspect is the need for technical track for rallies bearish view changes.
remittance operation suggestions: Approach spaces: 1.3780, Stop: 45 points, target: 1.3560
? aspects:
UK data released earlier on Monday show, 9Rightmove Price Index rate increase of 1.5%, down 0.3% before the value; rate of 0.7%, 2.1% before the value decreased, showing that the UK housing market show signs of recovery, but a good data still can not show that the overall economic recovery in the UK.
This week, Bank of England on Wednesday (921 days) 16:30 97-8 published on monetary policy meeting minutes. Bank of England kept its benchmark interest rate 98 day 0.5% with ? 200 billion of assets to buy the same size.
the current 4.5% UK inflation rate is almost twice the rate of wage growth, resulting in an even heavier burden on consumers; with austerity measures the government with its efforts, not only hinder recovery, and even prompted the Bank of England officials to discuss whether need to reposition itself for more economic stimulus measures.
remittance operation proposals: wait and see.
foreign exchange remittance data:
Japanese market is closed
06:00 Westpac consumer confidence in New Zealand before the third quarter, the value of 112
06:30 New Zealand eight service performance index value of 54.5
07:01 UK Rightmove house prices were before 9 the value of -2.1%/, -0.3%/
09:30 Australia eight import
17:00 Eurozone construction spending seven previous value -1.8%/, -11.3%/; market impact ?
22: 00 9 copies of the U.S. NAHB Housing Market index value of 15
Tags: meeting, the effectiveness of the euro, to suppress, Trident International: European Union finance ministers have not paid off the euro was under pressure from the European UnionRelated posts
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