The euro short-term downward trend has not changed

[Yesterday recalled]

The dollar's overall trend is up after the first down. ADP released by the United States as unexpectedly strong employment report for the dollar bulls continued to strike back created an opportunity, once again pushed the dollar rose to 73.54. ADP employment report showed that U.S. July employment increased 9,000 accidents, far better than the expected reduction of 50,000.

And yesterday's sharp rebound in crude oil prices, but to stop the dollar's rising pace. The highest technical rebound in oil prices rebounded to above 127 U.S. dollars, such a rebound can continue to maintain, but also need to wait and see, generally eight or nine months a year in oil prices tend to drop certain.

Earlier, three favorable factors - the U.S. stock market rebound, fall in oil prices and economic data and jointly promote the improvement of the dollar. U.S. Chamber of Commerce Tuesday released the data showed that U.S. July consumer confidence index rose to 51.9, higher than the market expected, but also in December last year, the first since the rise. Global economic slowdown and high crude oil prices significantly damage the global demand for crude oil, oil prices plummeted. U.S. stocks in the financial sector began to change in attitude, investors generally believe that the assets of Merrill Lynch recently Chongjian may mean that the banking industry will spend the loan-to-crisis difficulties and promote U.S. financial stocks rose. These three factors, if there are two changes, the dollar's rally may be ending.

Net of the ADP employment report, does not necessarily indicate a strong payrolls data. ADP data last month, far less than expected, while non-farm payrolls and not unexpected. So the trend of the dollar also need heavyweight economic data guidelines.

[Today data]
17:00 Eurozone unemployment rate in June
17:00 to reconcile the euro zone in July consumer price index before the value of 4.0 percent / year; market forecast 4.1 percent / year
20:30 Canada in May of 0.4 percent before the GDP / month; market forecast of 0.3% / month
20:30 U.S. second quarter GDP of 1.0 percent before / year; market forecast of 2.2%
21:45 U.S. July Chicago Purchasing Managers index value of 49.6 before; market forecast 49.0.