Overnight dollar index sharply lower from the nearly seven-month high near accident, announced yesterday the U.S. March ISM manufacturing index fell sharply from 54.2 to 51.3, far below market expectations, the biggest monthly decline since July 2011, showing U.S. manufacturing expansion slowed sharply, to suppress the withdrawal of loose Fed expected. The foreign exchange market volatility in the market by the Easter holidays, trading was light situation is further amplified. Today, Europe multinational manufacturing PMI data will also be center stage in the debt crisis raging, on the occasion of the market panic, the euro-zone economy in turn to produce the kind of responses worth investors wait and see.
GMT today 15:13, Spain will be the first to announce the March manufacturing PMI data, and thereafter, Italy, France, Germany and the euro zone will continue to release their manufacturing PMI.
The initial data from the previously announced, the market of the euro-zone economy out of recession in the hope apparently was splashed with a bucket of cold water. The survey data compilation agency announced on January 21 Markit3 the show, Cyprus assistance before the outbreak of the economic downturn in the euro zone had intensified in March, which makes efforts to revitalize the euro zone policymakers more headaches. This also means that the Cyprus crisis, data material will show the euro-zone economy is worse.
Tuesday (April 2) morning Asian market, the U.S. dollar against the yen shock downstream, fell below the 93.00 mark the beginning of the disk. Traders said some stop loss orders were triggered more stop loss orders in 92.90 below.
The USDJPY morning fell below 93.00, but then rebounded slightly. Traders said some stop-loss orders were triggered, in 92.90 below there are more stop-loss orders, and 92.40 below there are a lot of stop loss orders, thereafter under the Road support level at 92.00.
The traders further pointed out that the U.S. dollar in early trading yen driven by stop-loss orders, Japanese stocks plunged due to the appreciation of the yen.
In addition, the Japanese Central Bank President Haruhiko Kuroda morning again said that the central bank will use all available options to show its determination to achieve the 2% inflation target, a firm commitment by the central bank to change the market price is expected to price target is very important. However, USDJPY rebound dull.
Monday (April 1), the New York session, the pound sterling against the U.S. dollar was steady at 1.5230 near, approaching a three-month high of 1.5259, weaker than expected U.S. manufacturing data boosted.
The data show that the U.S. March ISM manufacturing PMI unexpectedly fell to 51.3, the lowest since December 2012, and also lower than the expected 54.1.
Impact by the data, GBPUSD refresh a recent high of 1.5241, approaching the March high.
Analysts pointed out, the GBPUSD today is basically in the uplink channel, plus the support of weak U.S. economic data, thus promoting further rise in the exchange rate.
But he also pointed out that the short-term is expected to pound against the dollar or the downward correction, below the support level at 1.5080, and then will again bounce higher to 1.5400.
Foreign exchange disadvantage, Korea the depot too much of. The yen continued to weaken the impact of the export competitiveness of South Korea depot, president of General Motors in South Korea called on the new government to take action to deal with the exchange rate issue as soon as possible. South Korea General Motors president SergioRocha, said, "the Financial Times reported, the South Korean government should follow the example of China and Japan, the use of the policy impact of the exchange rate to help the domestic industry. He believes that China and Japan are the use of a policy to help domestic industries and promote exports.
April 2 Huitong network transactions remind
European countries will be the end of the Easter vacation on Tuesday (April 2) to restore financial market transactions, which means relatively quiet during the festive season, the market sentiment is expected to return to active. Day European countries published monthly manufacturing PMI data and the material will be the focus of attention of the market from all walks of life, at the same time, the Italian premier process is still compelling. Outside Europe, we shall focus on the resolution of the Reserve Bank of Australia (RBA) interest rate.
AUDUSD:
Concerned about the rate decision of the Reserve Bank of Australia is widely expected the Reserve Bank of Australia will not cut interest rates at this meeting, but its assessment of the economic situation and the future prospects for monetary policy will still affect the trend of the Australian dollar. If the Reserve Bank of Australia revealing the a more lenient expected. The Australian dollar will be under pressure, on the contrary, the Australian dollar may return to the uplink.
EURUSD:
Concerned about the eurozone manufacturing PMI data, euro zone data is bad, the euro against the U.S. dollar or the end of the short-lived rebound return to downlink. Meanwhile, the euro area should also be concerned about the unemployment data. In addition, the Council further towards Italy, especially whether the president of the country will advance to resign to make way for the new election situation, it is expected to be around the trend of the euro against the dollar.
USDJPY:
Concerned about the yen has continued to rebound after Japanese officials reaction conditions, the relevant officials of the words and actions may affect Since then, the Bank of Japan's new leadership in the decision-making meeting on Thursday (April 4).
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