Foreign Exchange Market on December 19 the European Central Bank injected an unlimited tender by the positive reaction

 Foreign Exchange Market on December 19: The European Central Bank injected an unlimited tender by the positive response
the European Central Bank yesterday announced that on Tuesday in his weekly liquidity operations, the level of interest rates at below-market offer unlimited funds to help the banking system to weather of the year. The European Central Bank said it would accept all of the interest rate of not less than 4.21% of the loan request. In the December 12 weekly routine operation, the European Central Bank auctioned a total of 218.5 billion euros of funds, average interest rate of 4.21%, today's market operations, the interest rate will be selected from this. The measures and the European Central Bank on August 9 the outbreak of the global credit crunch is very similar to the measures. However, that is to provide overnight loans, and this time limit is two weeks. in the West Bank last week announced a joint five series of measures to ensure adequate liquidity at the end of the banking system after the European Central Bank's surprise move yesterday that it for the Class moves so far failed to ease market tensions, still feel very disappointed. market strategist at BNP Paribas said on Tuesday athalie Fillet, a move the European Central Bank will make the market Libor decreased. She said that the European Central Bank announced the funding before the infinite, the market 2 Libor week high at around 4.90-4.97%, now down to around 4.50%, but still much higher than 4.21%. Fillet also said that the European central bank measures to inject unlimited market overnight and 1-month interbank interest rates will drop. However, she expected, because due to inflationary pressures after the European Central Bank, while the market liquidity adjustment to the positive attitude of the drop call rate may be limited.
Tuesday 18:15 GMT European Central Bank announced the money market to ease tensions and help banks survive the year is Eurozone provided additional tender, get active subscription, a total of 348.6 billion euros loan for two weeks of the loan. proposed purchase of a total of 390 financial institutions, purchase interest rate is 4.00 -4.45% range. Analysts had been of the view that the central bank announced late Monday to meet all bid rate at 4.21% or more of the purchase, so the development of the European Central Bank conducted market operations on Tuesday will be an enormous scale. The European central bank market is expected before the operation, the euro zone banks for the funds to maintain daily operations of approximately 1,805 million euros. This seems to a certain extent, helped ease money market tensions. two-week euro interbank rates fall to 4.25% -4.3%, close to the ECB's benchmark interest rate of 4%. And on Friday, increased demand for funds by banks at the end of stimulation, two cycles of inter-bank lending rates topped 4.9%.
Bank of England said on Tuesday to 5.36% of the minimum bid rate to the market of the 10 billion pounds into the 3-month funds. 75% of the bid interest rate to 5.36% bid, the Bank of England base rate below 5.5%, the highest bid rate is 6.60%, weighted average bid rate is 5.949%. have carried out three months after the Bank of England auction of funds, but the minimum bid rate higher than the Bank of England base rate by 100 basis points, nobody cares about such auctions. In order to ease liquidity pressure, Bank of England announced last week, decided not to higher interest rates to the market discipline of capital injection. This is also the world's top five Bank of England Bank of jointly funding to ease pressure on money markets as part of operations.
Australian dollar gold price surge by
and New Zealand, buying local market needs, support the exchange rate rise. watershed is 0.8660, with key resistance at 0.8660/0.8750. intraday support at 0.8550/0.8480. breakthrough 0.8660 empty one stop as well, below the more than 0.8550 a single stop.

ECB euro injection of liquidity to the market could lead to U.S. intervention into the euro's move to suppress the exchange rate. watershed in the 1.4450, the current key resistance 1.4450/1.4580; support at 1.4330/1.4250. short break 1.4450 single space Note that stop-loss, multi-stop single-note fell below 1.4330.
pound against the dollar at 2.0230
watershed. resistance at 2.0230/2.0330, below the support at 2.0110/2.0000. sidelines empty single break 2.0230, more than a single day The following stops below 2.0110.
U.S. dollar against the Canadian dollar
20-day moving average and the psychological level of 1.0000 or less overlap integral, technically constitute a double support. watershed is 1.0140, with key resistance at 1.0140/1.0250. intraday support bit 1.0000/0.9920. breakthrough 1.0130 empty one stop as well, 1.0080 prudence as the following to see more, and below a single stop over 1.0000.
U.S. dollar against the Swiss franc Swiss National Bank director
Jordan pointed out that the current Swiss house rising price trend will not be a problem, great uncertainty in the Swiss economic outlook, the exchange rate is important for the Swiss central bank because of its impact on inflation, the Swiss central bank targets the exchange rate is not set, the Swiss franc weakness so far has little effect on inflation. Daily Figure technically strong market outlook is expected to challenge the exchange rate may be up 100 average. watershed in 1.1480. resistance at 1.1580/1.1620; support at 1.1450/1.1360. breakthrough 1.1540 empty one should pay attention to short-term risk; more than a single fall below 1.1480 should stay on the sidelines. USDJPY

Bank of Japan on Wednesday started a two-day meeting of central bank and no major data release is expected to maintain the range of operation. watershed in 112.70, the daily resistance 113.60/114.80; support at 112.70/111.80. Single-day break to leave empty 113.60, below 112.70 the following more than a single departure.
Note: The above is only personal point of view, for reference, my estimation of my views and judgments, and without notice may change at any time, past performance does not constitute a hint of future results.
A child
(the Yellow Emperor era four thousand seven hundred and five Lunar New Year on November the tenth day)