Experian U.S. dollar against the euro, sterling short-term rebound

 On Friday, released the fourth quarter of 2010, lower than expected GDP data, only 2.8% over the same period. Affected by the data, the dollar slipped against the euro once, but the strong consumer confidence data released, the dollar rebounded.

Reuters / University of Michigan by the end of February consumer confidence index rose to 75.1 from the initial three-year in February to the highest level 77.5,1 final value of 74.2 in January. North Africa and the Middle East next week to further escalation of geopolitical tensions in the dollar will be the biggest risk.

serious drag on the euro the Irish general election, which affected more than the investors in the euro area is expected to raise interest rates later this year. Ireland is not stable because the financial situation, so the market position of the next government uneasy, it was unclear whether the new government refused to implement changes even after the elaboration of the relief provisions. However, the European Central Bank interest rate policy meeting will be held this week, investors will look for clues about future interest rates, the euro may be boosted.

pound against the U.S. dollar fell, the United Kingdom revised fourth-quarter gross domestic product last year, worse than expected. Data show that the fourth quarter of 2010, GDP contracted 0.6% in the UK.

technical moving average of the following:

EUR / USD

; the euro / dollar resistance at 1.3861, the euro last week, down from 1.3837, we may note the euro upward correction in the period of time. As long as the euro can hold the support level, we expect that it may also rose to 1.4000. If the euro fell below the support level, indicating that the euro will go down next to the 1.3450-1.3500 range.

dollar / yen

dollar / yen fell to 81.62 from the 83.96 low, but the next few days and likely further down to the 81.30 area and resistance at 82.10.

AUD / USD

AUD / USD has broken through resistance at 1.0157, on the next two days may Exploration resistance at 1.0199, if we can break through this new resistance point, the Australian dollar will be more firmly upward. However, if the probe fails 1.0199, the AUD / USD 0.9943 ~ 1.0199 temporarily in the range of wandering.

GBP / USD GBP

unable to break resistance at 1.6277 and fall from a high point last week, the next few £ days is 1.5962 ~ 1.6272 trading range.