The new trade agreement between the United States and Mexico has been reached, and the US stock market has reached a new high

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2018-08-28
Morning analysis:
Yesterday, US President Trump announced that the United States and Mexico will sign a new trade agreement to replace the existing North American Free Trade Agreement(NAFTA), newNAFTAThe negotiation focuses on formulating new regulations for the automotive industry. Canada actively participated in the new US Mexico trade agreement after learning about itNAFTAIn the negotiations. Looking around the world, the situation in some war zones where the US has started a trade war is improving, which further drives the rise of the US stock market500The index and Nasdaq reached a new closing high, while the Nasdaq closed for the first time8000Above the integer threshold, is the self2000The fastest thousand point increase since the beginning of the year, the Dow Jones Industrial Average closed higher259.30Point increase1.01%Report26049.64Point. The US economy is looking good, and growth remains strong. Despite Trump's market turmoil, the path of interest rate hikes will not change, and the US dollar will eventually rise.

EUR/USD：
The four hour chart shows that Europe and America have arrived at the central axis of the early consolidation interval1.1690Here, there should be upward pressure on prices, and short selling trading can be considered with stop loss set at1.1760Take profit first1.1530At.1.1690This is crucial. If the price quickly breaks through this level, the reversal pattern in Europe and America can be further confirmed, and the target for further upward movement will be adjusted to1.2020。

USD/JPY：
The four hour chart shows that maintaining yesterday's judgment, the United States and Japan have returned111.40Frontline, short selling trading can be considered, with stop loss set to111.90Take profit first to see the front low109.90Above, if the price continues to fall, the price will increase108.20Get closer. The recent trend of the US and Japan is not strongly correlated with the US Composite Index, so it is advisable to be less aggressive in trading.

XAUUSD/XAGUSD：
The four hour chart shows that maintaining yesterday's judgment, gold prices have surged to1210.00In the area, short selling trading can be considered, with stop loss set at1220.00The first goal is to see the front low1160.00Silver prices have also risen, but there are still no good trading opportunities.

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