S&p fails, the euro 9-2

 Huitong nets on February 28,-on Tuesday (feb. 28,) the asia-pacific market low open high to go, the international crude oil, spot gold and silver rose slightly. Although the s&p will Greece domestic or foreign ratings from CC down to SD, but then the news that 2012 Germany or will to make 11 billion euros of money ESM contribution, make the mood of the dead market gradually warmer. To market on Wednesday (February 29,) the European central bank launched the second refinancing operation (LTRO) and the euro currency strong African-American going higher, the dollar index is down slightly to 78.40 nearby.

On Tuesday the city before the dish, the s&p will Greece "CC" long-term sovereign credit rating and "C" short-term sovereign credit rating down to a "selective default" (SD), maintain the Greek foreign currency to recover the "4" rating. And on Monday, February 27) new city tray, the German parliament, has just voted to total 130 billion euros ($174 billion) of the second Greek aid program.

S&p says, cut the Greek sovereign credit rating for the Greek government on February 23, 2012 in some series of sovereign bond documents to back way to join collective action terms. Standard &poor's thought, to join this clause, the terms of the original bond produces major change, constitute the bad debt restructuring.

But then the earlier in the session, news that 2012 Germany or will be a stable mechanism to Europe (ESM) to make 11 billion euros of capital contribution, the other half of ESM of Germany in 2013 to make contribution may be. The mood of the dead market, warm, the euro/dollar immediately rebound and recover 1.3400 pass.

However, Europe's debt problems are not limited in Greece. The Spanish economy minister LuisdeGuindos Monday in accept media interviews confirmed that in economic growth prospects are deteriorating to realize the goal of previous increased difficulties, it has failed to achieve its 2011 budget deficit target. The 2011 budget deficit equal to account for 2011 gross domestic product (GDP), 8.51% of the failed to reach the goal of 6%. This highlights, to achieve a 2012 budget deficit GDP4.4 % of the target, Spain will of challenge.

The European central bank (ECB) will be announced this week a new three-year three LTRO, balance sheet has increased, investors remain cautious. The results of the European central bank LTRO is likely to be decided whether the future can continue the euro last week rise.

With well-known organization investigation of the 26 Banks, given the expected value for 450 billion euros. We expect, new loans at least half will be provided to the bank of Spain and Italy, the eurozone and medium-sized Banks.

Tuesday (feb. 28,) the city plate, the first appeared in Japan 31 years after the annual trade deficit in the asia-pacific region, and the other a developed country South Korea into Japan's footsteps. According to the bank of Korea, for the eurozone debt crisis and the American economy sovereignty stagnant weaken the global demand, South Korea in January appears in the past two years for the first time the current-account deficit, $772 million, for the first two years.

Japan announced data show that Japanese January retail sales rising at an annual rate 1.9%, better than is expected to decline 0.2%, this index rose for the second straight month; 1 Chinese rose after the retail sales month rate rose 4.1%, better than former value rise 0.3%; 1 month sales up 1.0% at an annual rate of large retailers, good from the former value dropped 0.4%. Data points out, 1 month of retail sales growth is mainly attributed to car sales climbed 24.3% at an annual rate.

Good retail sales data after the announcement, the Japanese yen buying will see picking up, dollar/yen from 80.45 down near oscillation, reached 80.01 low. Analysts pointed out, since this month since the weak yen, the dollar/yen rebound has nearly 7%, huge profit dish make dollar short power expansion, attention in 10 dollar average daily line (near 79.82) is reason.

In addition, according to sources said the central bank intervening Peru on Monday, with 1 dollar to 2.6780 Peru's sol buy the average price of $76 million.

Data concern, Beijing time to, Germany on March GFK consumer confidence index; Moreover, the Swiss in the fourth quarter, the employment rate; 18:00, the euro zone 2 month consumer confidence; At 19:00, the British February CBI retail sales difference; There, the United States January orders for durable goods; P.m, the United States 2 month manufacturing and consumer confidence index.

The dollar index: the city down a small dish, trading at 78.40 nearby. Technology, the dollar index is located in 10 average daily offline party, MACD die fork down, random index fell low. Short-term dollar 60 average daily line by pressing, see if the breakthrough 13 January 81.78 high; Attention 78.00 support the pass, if looking down below 200 average daily line support.

The euro/dollar: the city a modest rise in plate, trading at 1.3430 nearby. Technology, the euro/dollar day chart and random MACD index bullish, but the latter in super buy level. Resistance to see 1.3548; After breakthrough on look 1.3615 1.3628. If broken 1.3628, then look at 200 days on mobile averages. Support look at 1.3322, after watching 1.3186; After looking down below will be moving averages 55.

GBP/usd: the city a modest rise in plate, trading at 1.5840 nearby. Technology, pounds, $/ chart index points to differ, the MACD and random indicators are bullish, resistance in 200 moving averages 1.5900 nearby, in turn after watching on 8 February high of 1.5928. Support level 1.5647 1.5642 interval; After looking down below the 60 days are moving line.

A $$/ : the city a modest rise in plate, trading at 1.0770 nearby. Technology, a $$/ chart index points to is differ, including MACD index bearish, but a bullish signal to random index; Resistance level near look at 1.0780, if on the stand is 1.0815-1.0824 range. Support see 1.0700, then look at 1.0593.

Dollar/yen: the city down a small dish, trading at 80.30 nearby. Technology, the dollar/yen day chart MACD index bullish, but random oscillation index fell. Resistance to see 81.77; After the break up 82.23 points to exchange rate target, and then see last April 27 high of 82.77. But if after a 79.85 support, the exchange rate short line bullish outlook will be restrained, successively see 79.55 and 78.79.

Beijing time accesible 14:00, the dollar index report 78.36/38, 1.3436/38 for the euro/dollar, pound $/ 1.5842/45 newspaper, reported a $$/ 1.0776/78, dollar/yen for 80.29/31.