The Prospect Of ECB Policy Puts Pressure On The Euro

< p > a href= "//www.sjfzxm.com/news/index_cj.asp" > Euro < /a > stabilized against the US dollar near a low of a month on Tuesday, but still under pressure.

The euro / dollar was 1.3755 U.S. dollars, close to a month low of 1.3745 last Friday. Since the European Central Bank President Delagi said that the central bank is ready to take action next month to support the growth of the economy, the euro has fallen by 1.2%.

The euro is expected to end since last summer, and the ECB will try to limit the euro's long-term rally to boost the euro zone economy.

The ECB is likely to relax its monetary policy next month, but it will depend on the newly released inflation figures.

The euro could be temporarily supported by about $1.35, and it will be traded in a range.

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< p > > a href= "//www.sjfzxm.com/news/index_cj.asp" > pound sterling < /a > rose against the US dollar on Monday, rising 0.3% in the day, at 1.6896 U.S. dollars, approaching 1.6997 last five years.

Due to Easter time, total sales in April increased by 5.7% over the same period last year, the biggest annual increase in April 2011, and the pound rebounded against the US dollar, rising from a week low of $1.6832 on Friday to $1.6869.

The Bank of England will announce quarterly inflation report on Wednesday. As the UK's economic recovery is stronger than expected, the central bank may adjust its interest rate outlook in the report. It is estimated that the Bank of England will raise interest rates for the first time in the fourth quarter of this year.

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"P > < a href=" //www.sjfzxm.com/news/index_cj.asp "> Australian dollar > /a > and New Zealand dollar to keep up with the US dollar on Tuesday. The market is waiting for China's economic data and the Australian budget.

The Australian government's annual budget is probably the most stringent budget in 20 years.

China's industrial added value and fixed assets investment data stabilized in April, and the growth rate of retail sales may be flat at 12.2% in March.

The Aussie dollar remained stable at $0.9354 against the US dollar, not far from a one month high of 0.9395 on Thursday.

The New Zealand dollar was consolidated against the US dollar at $0.8624, reaching a low of 0.8604 a week last week, five.

The short line supporting position is still near 0.8610/15, and if it rises to 0.8670, sellers may emerge.

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On Monday, Japan posted a trade deficit of 1 trillion and 400 billion yen in March, and the US dollar was hovering near the Japanese yen at 101.70.

In New York, the wholesale inventory data released by the United States were better than expected, and the yen fell to 101.80.

The yen is at a week low as market risk appetite improves.

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< p > Technical Analysis: < /p >

< p > euro / dollar: the euro rose sharply to below $1.4000 last week, then formed a key reversal of the daily line and fell below the support line of 11 months at 1.3793.

The 1.3678/43 includes a seven month upward trend line, a April low point and a February low point.

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< p > US dollar / yen: the rising trend line of the five month 11 month period at 101.49/47, and at the same time, it is trading at the low of 101.32 in April.

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< p > US dollar / Swiss Franc: strong reversal reverses 0.8854 of resistance line position in 2014 and closes above that price.

If it breaks through the April 22nd high of 0.8862, it will rise to a high of 0.8953 in April.

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< p > Australian dollar / US dollar: the support position is US $0.9334, which is the 50% return position from April to May, and the resistance level is about 0.9400 US dollars.

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