The decline of the dollar causes the price of gold to rise

During the Asia-Europe timeframe, the entire market was still overshadowed by Greece’s debt problems. Risky currencies continued to be under pressure against the US dollar. In the European period, Spanish and French government bond auctions were better than last time, but they did not provide support for market sentiment. In the U.S. morning, as the US job market data and housing data were significantly better than expected, the gold price rebounded slightly following the stock market. Then the good news from Greek debt caused a reversal of the market trend. The risk currency pair rose strongly and the U.S. dollar fell. Not only did it recover. All the losses in the day and a sharp increase in the price of gold followed the rise.

Before the opening of the US stocks, the German Finance Minister said that there was no plan to postpone the Greek aid to the election, the Greek and private sector claims will be reached on Monday, and the bond swap will take place between February 22 and March 9, followed by France’s It is recommended that central banks cut Greek debts. After the opening of US stocks, the euro zone officials directly stated that the euro zone finance ministers will approve Greece’s second batch of aid on Monday. The European Central Bank’s Greek debt swap will be completed on weekends, and the European Central Bank will reduce the risk. Interest rates help Greece curb debt expansion. Both Greek aid and negotiations with private-sector creditors are expected to resolve a sharp rise in risk appetite for the market. Risk currencies are supported by strong performance and drive gold prices. The opinions of the various parties in the euro zone undoubtedly injected a strong boost to the market. If this is true as described by all parties, the risky currency is expected to continue to be boosted in the short term. It is only after such a long period of time that the Greek debt issue has been reinvested. After a brief period of excitement, the people may be relatively cautious. After all, the next Monday is not far away, and when the time comes, everything will be revealed naturally.

A survey released by the U.S. New York Fed during the other time period indicated that U.S. primary dealers expected the Fed to change the interest rate prospects in the future. The Fed may raise interest rates for the first time in the first half of 2014. At the same time, traders believe that the probability of the Fed launching the third round of quantitative easing (QE3) in 2012 is very low. Due to the trend of the exchange rate in the Greek news period, the report was almost ignored by the market.

The Asian stock market opened broadly higher. The major indexes in Tokyo and Hong Kong both rose by more than 1%, and investor confidence and investment risk assets were expected to increase significantly. The US dollar in the Asian Board is believed to fall and lead the price of gold upward. At present, 1733 is the first resistance level, and Powei is looking at the 1740.