The Euro Bottomed Out Against The US Dollar, Worrying About The Prospect Of EBC Easing.

On Wednesday (November 12th), in the early morning of the Asian market, the euro was collimate with the US dollar, and the exchange rate was now near the 1.2455 line. The fall in the US dollar index during the period also pushed the euro strong. Investors still choose to sell their positions in the US dollar positions during the trading day that the market is rather dull.

Technically, the euro rebounded further against the US dollar at the 1.2498 and 1.2500 day of the 10 day moving average and the mental integer pass, followed by a high of 1.2532 last Thursday (November 6th). The support below is 1.2393 below the intraday low point, followed by a 1.2357 low of last year's record last Friday. If it falls, it needs to be concerned about whether the low of 1.2341 in August 21, 2012 can provide further support.

The euro dollar exchange rate strengthened further during the New York session yesterday, reaching a peak of 1.2494. Euro The dollar rose rapidly by more than 30 points in a short time. In addition to the slack market in the US and European debt markets, the market's trading slack has widened the volatility of the exchange market. Investors' worries about the easing prospects of the European Central Bank also make the euro's exchange rate rebound from low.

There have been rumors that the European central bank governor Delaki (Mario)

Draghi) Leadership style And policy orientation has been further questioned within the ECB's executive board. Although Delaki had once again stressed loose expectations at last week's policy meeting, if the internal contradictions of the European Central Bank leadership have deepened further, the prospect of its easing policy measures may be in doubt. This news has also blocked the further exploration of the euro's exchange rate.

Intraday Global market The focus of attention will be in the UK. Britain will issue a number of employment related data that day, and the central bank will also issue quarterly inflation reports. This means that the trend of the pound's exchange rate will become the focus of attention all day. In addition to the news from the United Kingdom, attention to the issue of Japan's consumption tax and the trend of the political situation, as well as the future easing policy measures of the European Central Bank, will also be the focus of attention of investors from all walks of life.