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airjordan167
Posted: Tue 16:04, 07 Dec 2010
Post subject: see also under pressure this trend trend line
Royal Institution of Chartered Surveyors (RICS) survey released on Tuesday showed house prices in the three months ended October decline weakened, falling less than the three months ended in September, but sales fell at least 30 year low. RICS house prices released in October called the negative difference of 84.5 from last month, rose to negative 81.8, higher than the prediction of negative 85.6, but still suggesting that the general decline in prices, the real estate market is still very weak. The three months ended October, each surveyor to complete the number of home sales fell to 10.9 from 11.5 for 1978, the lowest since the survey began, 53.6% lower than the same period last year. The general lack of mortgage financing, for the vast majority of potential buyers, is still the main obstacle to the real estate market.
pound against the U.S. dollar was stronger in early trading Monday, the highest hit 1.5884. Risk-averse investor sentiment faded slightly, but the pound is still under pressure, because the weak economic outlook, and the Bank of England cut interest rates last week after a large scale is still possible to further relax monetary policy. Governments continue to introduce the plan to revive the economy, hoping to ease a global recession,
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, push stocks rose, and stimulate investors to buy riskier assets. 4 trillion yuan in China on Sunday announced plans to expand domestic demand, while the Group of 20 (G20) central bank president said, will make every effort to get financial markets back to normal. New York session, the pound hit a record low against the euro, the pound fell to 1.5570 level against the dollar as investors worried about economic prospects and the Bank of England rate cut last week, after the further relaxation of monetary policy may also sterling trade-weighted index fell to 12 years low of 84.8.
technical analysis,
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, close down trend line resistance, compared with the past two weeks, see also under pressure this trend trend line, currently at 1.5700,
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, while the average balance is seen at 1.5925 10, is expected to rise above estimates increases in short-term extension of a further resistance seen at 1.6060, the 23.6% rate for the gold rally,
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, the next resistance level was 1.62 and 1.64 mark. On the contrary, did not overcome the down trend line will continue to follow the trend during this period under examination, the 50-day Bollinger Band Paul found in the bottom of 1.5550, the next level of support is seen at 1.5265/75, this area will not be able Shouwen, will see decline worsened,
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, expected that the next hurdle will be the first major test 1.50 level.
Office for National Statistics said Monday in October not seasonally adjusted monthly basis,
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, producer output price index fell 1.0%, up 6.8%, forecast to increase 7.4%; without seasonally adjusted input prices fell 5.6% last month, up 13.8% over the same period is estimated to rise 17.8%; not seasonally adjusted core output prices fell 0.5% last month, rose by 4.9% is estimated to rise 5.1%. Mitigate price pressures may be more consolidation of the Bank of England will cut interest rates further. The central bank cut interest rates 150 basis points in one fell swoop last week, benchmark interest rate to 3.0%,
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, the lowest level in nearly 50 years. The market focus this week will announce on Wednesday the Bank of England inflation report, the central bank is expected to be a moderate tone,
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, but will also benefit from the market to search for further relaxation of monetary policy clues.
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