"The euro declined yesterday, the K line performed poor and hit the 1.3735. After the quantitative loose measure of the Federal Reserve launched, the focus point of the forex market converted to begin to pay more attentions to the financial issue of European countries, and the euro pressured because of this.
The CDS index number of Ireland hit the new record high, which triggered the forex markets broad worry to the debt issue of European.
The news that the governmental bonds of Egypt were successfully auctioned must have eased the worry of forex market; however, there was a political deadlock before the casting a vote to key budget bill.
All of these lead to the ten-year governmental bonds of Ireland and Portugal and Germanys governmental bonds yield ratio increasingly expanded, shocked the forex markets confidence seriously.
He also predicted that the upper resistance of USD/CHF was at 0.9736 and the low resistance at 0.9587."
The CDS index number of Ireland hit the new record high, which triggered the forex markets broad worry to the debt issue of European.
The news that the governmental bonds of Egypt were successfully auctioned must have eased the worry of forex market; however, there was a political deadlock before the casting a vote to key budget bill.
All of these lead to the ten-year governmental bonds of Ireland and Portugal and Germanys governmental bonds yield ratio increasingly expanded, shocked the forex markets confidence seriously.
He also predicted that the upper resistance of USD/CHF was at 0.9736 and the low resistance at 0.9587."