5th September 2013
EUROLYTICS
On a day when we see a plethora of economic figures ranging from German Factory Orders to US Jobless Claims, the market eagerly awaits the Bank of England and the ECB to announce their decisions on interest rates.
On an interest rate announcement day like today it would be beneficial to look at the EURGBP cross. If we look at the chart we can see that this cross has been on a downward trajectory since the beginning of August and this can be mostly attributed to Mark Carneys comments on the UKs inflationary report and healthy UK data releases. There have been some encouraging signs from Germany but Europe as a whole still looks incredibly fragile and with debt repayments looming over Greece, Cyprus and Portugal there looks no end to the gloom in Euro land.
I like this trade from the short side and on the basis we break key support at 0.83165 I see nothing stopping the market going to 0.8000. I favour this cross over EURUSD and GBPUSD as the dollar is being pulled from side to side by tapering and geopolitical fears. The EURGBP I see as a strict directional play over a 2 -4 week period and it looks to be going south.
欧元分析
今天有大量经济数据公布,包括德国工厂订单、美国初请失业金人数,市场迫切等待英国央行和欧洲央行利率决议公布。
今天公布的利率决议可能使欧元兑英镑趋势改变。如果我们看一下图表,我们可以看到自8月来欧元兑英镑呈下降趋势,主要 原因在于马克卡尼对英国通胀报告的评论和英国公布的乐观数据。德国方面有一些令人鼓舞的迹象,而欧洲整体来说 仍然非常脆弱,债务偿还阴云仍然笼罩希腊、塞浦路斯和葡萄牙,欧元区似乎仍处于没有尽头的黑暗中。
投资者进行短期交易,因此欧元突破关键支撑位0.83165。同时市场并未受到限制,一直降至0.8000。因美国QE削减和地缘政治担忧,美元已从一个区域拉向另一个区域,欧元兑美元和英镑兑美元趋势也发生改变。欧元兑英镑汇率在2到4周内一直朝同一方向发展,在下跌。