Hongkong Citibank: Analysis Of Foreign Exchange Trend In September 21St

Market focus

U.S.A

The S & P 500 index rose to its highest level in four months.

As the US National Bureau of economic research pointed out, the US recession ended in June 2009, thus stimulating investment sentiment and raising US stocks.

The S & P 500 index rose 1.5%, closing at 1142 points.

Asia?

Asian stock market rose yesterday, but before the result of the US Federal Reserve policy, investors were cautious when they entered the market.

Morgan Stanley Asia Pacific (Japan) index rose 0.6% to close at 437.39 points.

China and Hong Kong

Li Keqiang, vice premier of China, stressed the need to adhere to the regulation and control measures to the real estate market, so that China's stock market took place in the real estate market yesterday.

Down the head

The Shanghai and Shenzhen 300 index, which reflects the performance of listed shares in Shanghai and Shenzhen, fell 0.4%, and was reported to be 2849 points.

Hongkong's Hang Seng Index rose less than 0.1%, closing at 21977 points.

Hang Seng Index fell less than 0.1%, closing at 12164 points.

bond

US Treasury bonds rose yesterday, mainly in anticipation of the Federal Reserve or the purchase of treasury bonds or the introduction of additional measures to maintain a low interest rate environment.

Yields on US Treasury bonds fell 3 points in 10 years, closing at 2.703 points.

commodity

oil price

The stock market rebounded to stimulate investment sentiment, so that crude oil rose for the first time in 5 days.

Crude oil futures traded on the New York Mercantile Exchange rose 1.6% to $74.86 a barrel.

Gold price

The dollar is weak, increasing gold's attractiveness as an alternative investment, pushing gold prices to a new high of $1283.08 yesterday.

Spot gold prices rose 0.3% yesterday, closing at $1278.35 per ounce.

Focus and technical analysis of foreign exchange and commodity markets

technical analysis

Market focus

eurusd

The rise in interest rates between Irish and Portuguese bonds and German government bonds has limited the euro's growth.

The euro was tested against the US dollar to 1.2920 or 1.3158.

Short term comments: neutral

0-3 months forecast: 1.2900

Support bit: 1.2920

Resistance level: 1.3158

US dollar versus Japanese Yen

Global stock markets surged yesterday, taking a risk off and restricting the rise of the yen.

The US dollar rebounded to 87.10 against the yen or 82.60.

Short term comments: neutral

0-3 months forecast: 86

Support bit: 82.60

Resistance level: 87.10

gbpusd

British housing prices fell by 1.1% in September, which was Rightmove pressure on sterling.

Sterling fell back to 1.5296 against the US dollar or 1.5725.

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Short term comments: neutral

0-3 months forecast: 1.5000

Support bit: 1.5296

Resistance level: 1.5725

USD to Swiss Franc

Global stock markets surged yesterday, hedging down and restricting the rise of the Swiss franc.

The US dollar has a chance to test 0.9911 against the Swiss franc, or the resistance level is 1.0278.

Short term comments: neutral

0-3 months forecast: 0.9900

Support bit: 0.9911

Resistance level: 1.0278

US dollar to Canadian dollar

US stocks and crude oil prices surged yesterday to raise Canadian dollar.

The US dollar fell to 1.0216 against the Canadian dollar or 1.0473.

Short term comments: slight

0-3 months forecast: 1.0400

Support bit: 1.0216

Resistance level: 1.0473

Australian dollar to us dollar

Glenn Stevens, the governor of the Bank of Australia, pointed out that local interest rates or further increases were good for the Australian dollar.

The Australian dollar is above the level of 0.9655 or above 0.9223.

Short term comments: promising

0-3 months forecast: 0.9100

Support bit: 0.9223

Resistance level: 0.9655

New York dollar to us dollar

US stocks and crude oil prices surged yesterday, raising NZD.

NZD rose against the US dollar or gained 0.7397, rebounded or fell to 0.7160.

Short term comments: neutral

0-3 months forecast: 0.7100

Support bit: 0.7160

Resistance level: 0.7397

New York oil?

The stock market rebounded to stimulate investment sentiment, so that crude oil rose for the first time in 5 days.

Crude oil futures traded on the New York Mercantile Exchange rose 1.6% to $74.86 a barrel.

Short term comments: neutral

0-3 month forecast: $74

Support: $68.50

Resistance level: $82.97

The weakness of the US dollar, increasing the attraction of gold as an alternative investment, raised gold prices to a new high of $1283.08 yesterday.

Spot gold prices rose 0.3% yesterday to close at $1278.35 per ounce.

Short term comments: promising

0-3 month forecast: $1300

Support: $1210

Resistance level: $1300