Euro Moves Higher Against The US Dollar. European Bank Officials Are Cautious About QE.

< p > Monday (April 7th) New York intraday, < a href= "//www.sjfzxm.com/news/index_c.asp" > Euro < /a > shocks higher than the US dollar, rising from 1.3700 near Japan's lowest position to 1.3747 highs, which is now close to 1.3745.

During the day, a number of officials of the European Central Bank made speeches on QE. On the whole, they were more cautious and more focused on the euro area inflation to decide the trend of "a href=" //www.sjfzxm.com/news/index_c.asp "policy" /a ".

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"P >" a number of officials of the European Central Bank made a speech. As a whole, the ECB officials expressed their more cautious views on the issue of QE, more about the future inflation policy in the euro area.

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Constancio P, deputy governor of the European Central Bank, expressed his cautious view of QE. He said he must see how the euro area inflation data in April determine the future direction of the policy. Now there is no decision to implement the QE plan. "Constancio"

The ECB working group has considered many research hypotheses.

If inflation is too low, the ECB is ready to act quickly and will decisively ease monetary policy.

He said frankly that they are in a very worried environment of inflation.

Any impact could bring the euro zone into deflation.

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Ewald Nowotny, the European Central Bank's management committee, said that the central bank had no immediate need to take measures to deal with low inflation because the strengthening of the European economy should reduce deflation risk. P

But he also said he did not rule out the possibility of further interest rate cuts.

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P Yves, Yves Mersch, said at a meeting that the European Central Bank is making large-scale purchases of asset plans to meet the needs, but it is far from specific implementation.

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"P > Germany" a href= "//www.sjfzxm.com/news/index_c.asp", "central bank, /a" and President wiedman pointed out that we must see what tools the European central bank can use.

Wiedemann also stressed that he did not change his position on OMT, nor did he change his position on QE. He remained resolutely opposed to the ECB's treasury bond purchase plan.

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< p > data, the March employment trend index of the United States Chamber of Commerce in March was 117.52, the former value was revised to 117.01, and the initial value was 116.39.

The industrial output data released by Germany in the European market were slightly higher than expected, but still less than the previous value.

According to specific data, the monthly output of Germany's industrial output after the 2 monthly adjustment is 0.4%, with a forecast value of 0.3% and a pre value of 0.7.

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Technically, the euro is still running in the channel in the 4 hour map of the euro against the US dollar (P).

The technical index MACD (12, 26, 9) main line and signal line are still running below the zero axis, indicating that the price trend is empty.

The relative strength index RSI (14) rose to the top of the 50 equilibrium position, indicating that the short-term price trend is excessive.

Technically, the euro still has high momentum against the US dollar in the short term, but the trend is already downward.

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