Basic information:
Irish sovereign debt issue has become the recent focus of the market, a number of European Central Bank (ECB) officials and the market Monday (November 15) delivered a speech, the market can not help the current situation of Ireland on the 2010 linked half of Greece, that its a high possibility for assistance. And on Monday, media reports said a well-known Portuguese foreign ministers expressed surprise actually exist in the country to apply a higher risk of international assistance, so that the Irish question has been under pressure further lower the euro, in midday New York time on Monday fell below 1.3600, touching an intraday low of 1.3579. an Irish local media reported on Monday did not rule out the Irish Government to the European Union (EU) to seek assistance to resolve the debt crisis,UGG bailey button, the possibility of Ireland Prime Minister or the fastest, held in Brussels on Tuesday the euro group meeting on the request. Meanwhile, the Irish government is considering to seek assistance for its banking sector, which seek assistance than their sovereign debt under a lower political risk.
A spokesman for the Ministry of Finance of Ireland on Sunday is also the message that Ireland is working with European officials to discuss the current market conditions, but did not apply for assistance. Noonan Irish opposition spokesman said on Monday that the EU has started to address Irish question, and that the next 24 hours the case will enter a crucial moment. As the Irish banking problems and the euro loss; and the debt problems of Ireland, Portugal and even Spain to spread the risk, so Europe is the development of relevant agenda. including Royal Bank of Scotland (RBS) and German Hypo Bank, including many banks are exposed to great risk in Ireland under the issue, analysts believe that if Ireland is facing the impact of new financial markets, it will have no choice but to seek financial assistance. a certain euro area Sources pointed out that although the Irish government financing to continue into 2011, but the EU wants Ireland to receive assistance, to avoid such problems of a country like Greece, spread to the serious situation in the entire euro zone. The European Central Bank Deputy Governor Constancio said on Monday Irish EU rescue plan may be used to aid the lack of capital in the banking industry,UGG boots, as a way to pressure the government of Ireland to avoid the country's problems threaten the entire euro-zone economy.
the market has completely turned his gaze from the Federal Reserve (FED) The liberal policy towards the European debt problems, and this is under great pressure the euro recently. New York Mellon Bank said on Monday that the European Union and the European Central Bank debt was noted that the risk of contagion. unless the issue of assistance to the Irish have a clear decision Otherwise, the euro / dollar will remain under pressure. hedge funds KMJCapital KenJakubzak head of foreign exchange, said investors believe the debt crisis, this is the second phase of the euro area; people who think that the debt crisis under control, but that is clearly not the case, is expected to EUR / USD dropped the next three months will be 1.2500.
Technical Analysis:
1H chart shows fluctuations in the price of gold yesterday, back and forth between cell, red line to 1376, again fell to 1357 line, are still shut Bollinger Bands state, MA60, MA120, respectively, put pressure on the top line 1382,1394, reference support points: 1382,1394
4H chart shows, gold is now running on a moving average indicators under the pressure of the top layers can be said, MA120 in 1361 line pressure is also a certain resistance, MA60,Bailey UGG boots, and Bollinger Bands in the formation of the pressure rail line in 1384, Boolean taken off the rail line in 1350 the formation of support, reference support points: 1350, reference resistance point: 1384
daily chart shows , under the rate fell again yesterday, gold, MA5 MA10 Sicha formed beneath, and in 1382 put pressure line, the price of gold is now running track at the Bollinger band near the bottom of the formation of support MA60 line in 1317, reference support points: 1317, Reference resistance points: 1382
disk to explain some of the experience:
we took last night to look at market analysis, we first in 1367,1368 place last night made a single residue, and then in 1363 the location is stop, this stage we will naturally think gold will continue to fall, but here is very important, is not mentioned in a blog last night, breaking the 1360 you can catch air, this genuine breakthrough can not tell a lot of friends off, we do pay attention, Try not to break the first time, admitted yesterday the location of the first wave to reach 1359, not played a supporting you, and then began to rebound, we proposed 1H 4H map and a map and see, bounced back to near 1365, 1H plans to close out a Ying Yang root column, and then we'll chase this as a multi-single (with experience of a friend here is a residue more difficult to find a small chance), to about 1370,1371, and we all leave the small positions, lots more the level of the part of the left part of the back near the high point of 1376 to reach some of the profit once again extended, once again flat out in batches.
So to sum up the above mentioned methods:
1, identify the genuine breakthrough, and then analysis, operational rebound list. (notified to you last night too, failed to fall below 1360 lows, then we are once again bearish when the wait and see, is expected to rebound, the latter did bounce up)
2, into a single technique, batch mode, you can profit in batches after the open, at this stage to be diligent that we usually gain about 5 points partial exit strategy began to expand,UGG boots clearance, move stop will have to keep up , so that is profitable, but also to ensure that profits will not improve the stop loss can be described as a surefire plan, friends may wish to attempt to operate the retail look.
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