October 19, 2010

 Market Commentary:

U.S. and Japanese (USDJPY): Yesterday the U.S. at 81.00 and remained range-bound line up and down. Although the direction is not obvious, but the short-term decline in terms of the kinetic energy seems to usdjpy has weakened, if U.S. stocks can maintain and expand the gains, then the United States and Japan gradually phased out of the disadvantaged .

dollars, but even a temporary setback, investors need not be too pessimistic, because the market is also a lack of integrity of good non-dollar currencies,UGGs, which can be released from the Bank of England yesterday, will expand the 100 billion pounds of bonds to purchase plans and the people of Canada and the Reserve Bank of Australia is expected to decline in short-term interest rates and other information can be seen in . In addition, the euro zone is also no substantial positive to promote the euro to new high, so far look at the foreign exchange market in general more likely to maintain oscillation. Of course, precious metals, the stock market and energy market changes also cause for concern . In many cases, the relevant market changes on the guiding role of the foreign exchange market also need to focus on the current relevant market has entered a very important sensitive period. From the technical point of view, short-term rebound in the dollar index's overall situation does not change radically short period of time is unlikely to new lows.

dollar yesterday, once with low inertia of buying the European and commodity currencies on the fast spikes, but the night's industrial United States output and capacity utilization is lower than market expectations and the Fisher's speech, Fed officials can not boost people's confidence in the future U.S. economy that ultimately without success and the dollar extended periods in New York intraday decline Although the Asia-Pacific plate has gone up, but overall dollar bulls yesterday's efforts have largely failed. from the disk of view, recovery rate of the euro and Australian dollar and the yen is most obvious in this stage remain strong. these three the mainstream of the foreign exchange market for the currency's performance changes in the overall pattern of essential market can be regarded as a weathervane.

21:00: Canada interest rate decision

Gold (GOLD): Yesterday the gold in the 10-day moving average support to obtain recovered after a 5 day moving average, But the institutions continue to reduce the behavior does not change, which also showed the bodies of the gold market is not optimistic about the medium term,UGG boots clearance, in this case,UGG boots, frustration is bound to rebound in gold, so a rebound is limited, is expected to return to 1350 is expected to re-line. < / p>




< p> Jiang Lijun (Chief Analyst) 10:09

Focus Today:




Australian and U.S. (AUDUSD): the morning whether the Reserve Bank of Australia raising interest rates in the future rather vague manner, so the Australian dollar shot up to 0.9950 at the top of the decline after the restore. overall to Look, the Australian dollar relatively limited room for further declines in the news side is expected under the influence of short-term Australian dollar fell to 0.9830 line.


17:00 German October ZEW economic index


20:30 Housing Starts

ten-year U.S. Treasury (TNOTE): With the rise in U.S. stocks last week, 10-year U.S. Treasury note fell there,UGG boots cheap, but as the market anticipated the Fed buying bonds increase in short-term debt has significantly picked up the U.S., is expected to reach 127.20 line.

Canada (USDCAD): Today evening, the Bank of Canada interest rate decision to be announced, is expected to increase the central bank to continue raising interest rates is unlikely, which is expected to reach 1.0250 so that the U.S. and Canada. 


operation prompt: