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Monday, November 8, 2010

Please investor attention

Similarly, held last week the Bank of England and European Central Bank meeting on interest rates, did not follow the Fed to take further action, which provided for the support of European currencies. But last week the euro zone manufacturing data weaker than expected retail sales data Dengjun, rapid growth in the eurozone in the second quarter, whether it can just as strong in the third quarter, this week will usher in the euro zone's third-quarter GDP, the euro the recent surge in the trend, the impact on the recovery or will be reflected. In hanging on a stone floor in the dollar, the non-US currencies will largely depend on whether the outlook for further economic uplink data performance. On Friday, data released by strong growth in non-US 15.1 million, significantly better than expected increase of 6 million people, the data the biggest increase since April.

Technically, the dollar index from a five-month period in the 15% decline, has returned to 2009 low of 74.17, the dollar index much-needed short-term trend of sharp decline after a correction. Non-US currencies daily chart RSI, MACD and other indicators of the trend away from the top of the more obvious, this does not rule out the possibility of a sharp correction. After the international price of gold hit a record high $ 1,400 in the mark-bit integer greater pressure, and the day of departure from the trend of the top figure is also more obvious, investors should not do more to wait and see, investors do not rule out a correction to follow the non-US currencies . Specific operational recommendations:

EUR / USD aggressive investors can test the tentative short in the 1.4100-1.4150 area, the fall of 1.3990 if the market outlook is expected to further drop to around 1.3860/1.3770.

GBP / USD aggressive investors can choose the entry below 1.6080 after the short, the market outlook is expected to further drop to 1.5990 nearby. However, possible short-term vigilance to continue upward.

International gold price and domestic price of gold is currently at $ 1,400 with 300 dollars and a crucial point in place, investors should wait and see, wait for the market outlook gold further test the resistance of the region.

The data are more important today, 15:00 GMT Germany announced adjusted trade balance rose 9, 17:30 Eurozone November Sentix investor confidence index. Please investor attention!

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