Let The European Debt Crisis Become The Past &Nbsp; Give Non American Currencies A Future.

European debt plaguing the world crisis The financial market is about to be controlled, showing a great feeling of relief. It is expected that the Asian market will react positively. No important news was released during the New York period. Non US currencies and US stocks continued to be boosted by the outcome of the EU summit and US economic data.

The results of the two EU summit in the US stimulated the risk appetite in the market. US stock After a sharp rise in the market, there was no drop in the market, the Dow's largest gain was close to 400 points, and the three major indexes rose sharply, with the Dow closing. Rise 2.86%, the NASDAQ closed up 3.32%, and the S & P 500 index closed up 3.43%.

The rise of risk appetite has pushed the non US currencies to continue to rise. The trend of non US currencies is crazy. The euro / dollar rose more than 200 points from the US early morning to the US stock market. In addition to a slight fall in the late trading season, there was no correction in the middle of the day, with a daily gain of more than 300 points, and the Australian dollar / dollar intraday increase of over 300 points. Other non US currencies also rose more than 200 points against the US dollar (US dollar / Japanese yen).

With the achievement of the initial framework of the comprehensive solution to the EU debt problem, there has been a final solution to the debt problem that has plagued the market.

Although there is no detailed and specific implementation plan and plan, there will be certain difficulties in the implementation process, for example, the need for parliamentary approval. However, under the premise of the basic consensus and framework reached by the summit, the EU debt problem will definitely move towards a positive direction. The European debt issue may become a past tense. Once the European debt problem is solved, the global economic recovery will also reduce a major risk potential.

The market sentiment, which has been plagued by European debt problems and economic prospects, has been released for a short time, thus promoting the craziness of the non US currencies in Japan. While the non US currency, which is the highest yield in the Australian dollar, also shows that the market has a tendency to turn to profit after the release of significant pressure, and perhaps the European debt problem that will accompany us for more than 2 years will gradually leave us.

The conclusion of the EU summit and the launch of the initial framework made little news of the US session. The continued warming of the risk appetite in the market pushed the euro / USD to continue to rise strongly during the US session. The exchange rate broke 1.4200 in the US afternoon, but then the U.S. dollar closed down slightly from the us close, and the euro / dollar closed at 1.4200. On the daily chart, the euro / dollar broke through multiple resistance, such as the 100 and 200 day moving average, and the next target was 1.4500. However, the intra day gains were too large.

The dollar's overall weakness weakened the dollar / yen in the US early in the day to refresh its historical lows again, which made it possible for the Japanese authorities to intervene again. Subsequently, the US dollar / yen rebounded slightly and still failed to break through 76 for the time being. Significant progress has been made with the European debt issue. If the yen continues to strengthen, it is likely that the Japanese side will intervene again because of excessive speculation in the market.

The pound was the weakest in the intraday risk currencies. When the other currencies in Asia and Europe rose strongly against the US dollar, the pound / dollar showed a bit of pressure, but in the US time, the pound / dollar finally got rid of the previous decline, and it broke through the 100 day moving average, temporarily hampered by the 200 day moving average.