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1 22 early gold opened at 860.8, off all the way down, the minimum fell to 849.2, then get a rebound, rebound to 860 above. After opening the American plate, gold break through resistance at 870 and 894 at Mogao points, followed by short check prices down quickly to start competing in the 890 area. Today (January 23) morning, gold finishing in the top 880. Current trends Federal Reserve Board (The Federal Reserve Board) announced Tuesday cut the federal Fund Benchmark interest rate and the discount window by 75 basis points, respectively, to 3.5% and 4.0%. Federal Reserve policy meeting at the end of early interest rate cut before the announcement, fell as much as 75 basis points, giving rise to Exchange , The gold market fluctuations. Asia-Pacific stock markets continued to plunge yesterday , main stock index drop 7.22 percent in China, 7.06 percent decline in Shenzhen Component Index, the Hong Kong Hang Seng index dropped 8.65 percent; Japan Tokyo stock market fell 5.7%; SensitiveIndex Bombay Stock Exchange benchmark index fell more than 12% ; Australian stock market closed lower, the benchmark index fell 7.1%; "The Wall Street Journal" of the article points out that Britain also faces the challenge of mortgage crisis. Over the past decade has risen twice since last year, British house prices decline, making Britain and the United States could slide into a worthy "than" crisis. About 1.4 million British mortgage document will raise interest rates this year, this figure increased by more than 52% in 2007, if a large number of heavily indebted homeowners experiencing financial difficulties, then Bank And mortgage lenders may face the risk of repayment default rates rise. Royal Bank of Scotland, (RoyalBank of Scotland Group), Barclays Group (Barclays PLC ), Lloyds Bank (Lloyds TSB Group PLC) and HBOS PLC both mortgage and Business Real estate mortgage business, so they may need to extract for the provision for possible losses. The banks in the next two months time will be released later in 2007 results and expectations for this year's performance. YE Feng Comment: Fed rate cut ahead of the move last night, seems to save the collapse of global financial markets. Last week, Prime Minister Brown's visit to China, seeking for capital market Cooperation . Britain now faces Real estate Industry landslide Credit Market crisis, China and other countries to enter their markets. Identify and seize Investment Opportunities will determine the next decade, China's foreign investment performance. Global slump prompted the investment risk, the Asian financial crisis a decade ago is the wave of unemployment caused, and the continuous slump could trigger bankruptcy debt investors. Comprehensive assessment Technical indicators, 5 day MA 10, MA, under wear, but yesterday's emergency pull the show makes the fast line through the intensity of slowing down, new trends mean that the start time has yet to be verified. Date Line MA CD Fast line through the slow line. Supporting role of 10-week moving average is fairly obvious, the price returned to average more than 5 weeks. The dollar index in the previous few days, easily breaking a number of resistance, the U.S. dollar in January effect reproduction. Impact of yesterday's emergency interest rate cuts by the U.S. dollar index dropped to 76.50 below the rapid. Operation Tips Financial turmoil in global stock markets. Financial market sustained a blow to the gold market, too, so prices deviate from the original track, finishing the formation of shocks. U.S. Federal Reserve cut interest rates 75 points ahead of last night, making a continuous decline in gold has been checked, the price to 894 once the pull. Today resistance 895, resistance at 901, below the support level of 880,870. Reminded: Margin trading novice attention to controlling their own positions well, and always will deposit funds in the total amount of control the amount of 10% to 20%. Also a good emotional control, and profits, reduce losses is very important, continuous profit must not be careless mistakes are not swayed by personal feelings straight, just in time to win, stop. I am an expert from usb-transfercables.com, while we provides the quality product, such as China DC Power Cables , DVI HDTV Cables, USB Transfer Cables,and more.
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