Industrial Investment: US Dollar Revitalization Collective collapse of commodity currencies

Industrial Investment: US Dollar Revitalization Collective collapse of commodity currencies
2018year8month31day
euro/dollar
After several consecutive days of gains, the euro on Thursday/The rebound of the US dollar is expected to slow down, falling from a one month high and reaching its lowest point1.1640, ultimately collected in1.1664Take back some of the recent gains. The decline of the euro was mainly suppressed by the rebound of the US dollar index. The sharp decline of emerging market currencies such as the Türkiye lira and the Mexican peso led to capital inflows into the US dollar with the nature of risk aversion. At the same time, the Fed's preferred inflation indicator, the US7Monthly CorePCEAnnual growth rate of price index2%Setting a new high in six years also supports the US dollar. On the euro side, the overnight Eurozone8The monthly economic confidence has been declining for eight consecutive months due to the decline in confidence in the industrial and service sectors, which is detrimental to the euro. Within the day, we can pay attention to inflation in the Eurozone, and it is expected that the Eurozone8monthCPIThe annual rate may remain stable compared to the previous value2.1%Also, focus on the Italian rating event.
The daily chart rebounded overnight and retreated to a high level in recent times100Near the daily moving average, pay attention to whether it can be maintained above this level within the day.4Hour chart from1.13The upward trend in the vicinity has been fluctuating and currently tends to decline.1The recent upward trend of the hourly chart is expected to slow down and remain at a high level of volatility. Be cautious during the day and operate with caution1.17You can short lightly below the checkpoint..
Support position:1.1620/1.1555/1.1500
Resistance level:1.1740/1.1800/1.1850
pound/dollar
After experiencing a surge on Wednesday, the pound on Thursday/The rebound of the US dollar came to an abrupt end, as1.30Above the checkpoint, there was a mild fluctuation and weakness, but it remained above that level on the same day, recording a slight decline. Overnight UK announcement7Record of changes in the central bank's mortgage loan permit for the month6.48Ten thousand, slightly less than expected6.5Wan, and7Both central bank mortgage loans and consumer credit fell short of expectations, and poor data briefly caused the pound to plummet1.30Below the front line. You can pay attention to the news of Brexit negotiations in the UK and the performance of data from Europe and America within the day.
Technically, the daily chart as a whole continues from4The volatile downward trend since mid month requires attention to whether it can stabilize within the day50Above the daily moving average.4Hour chart from1.2675Action on the front line can provide some relief.1The hourly chart is currently maintained at1.30Narrow consolidation above the front line, pay attention to whether it will fall below this level within the day. Be cautious during the day and maintain a1.30Long positions can be made with light positions above the front line, and short positions can be made with follow-up if the price falls below.
Support position:1.2980/1.2965/1.2925
Resistance level:1.3100/1.3150/1.3210
dollar/Japanese yen
Although US President Trump threatened to withdraw on ThursdayWTOAnd rejected the EU's proposal to abolish automobile tariffs, as trade tensions have pushed the US dollar higher, which is beneficial to the US dollar/Japanese yen. But the Türkiye lira fell sharply against the US dollar on the same day2.5%At the same time, the Argentine peso fell more than20%The sharp decline of emerging market currencies has heated up the market's risk aversion sentiment, with the Japanese yen receiving significant risk aversion support and the US dollar/Japanese yen from today111.70Nearby rapid oscillation and sliding80Point, lowest dip110.94However, it ultimately remained stable at111At the checkpoint, it fell back below the upper track of the downward channel. You can pay attention to the overall market sentiment and the trend of the US dollar within the day.
The daily chart plummeted overnight to below the upper track of the downward channel, and may be suppressed by this level in the short term.4Hour chart rises and falls, currently falling below111The risk at the checkpoint is relatively high.1The upward trend line of the hourly chart has fallen below, and the current downward movement can be more intense. Suggestions for the day can be made at111.40Short selling in nearby light positions.
Support position:110.75/110.00/109.65
Resistance level:111.70/112.70/113.00
dollar/Cad
Overnight Canada6monthGDPAchieved zero monthly growth, lower than expected growth0.1%;GDPAnnual growth rate2.4%, slightly higher than expected2.3%However, compared to the previous values, the economic growth rate has slowed down. Uneven data leads to Canadian dollar short-term diving, US dollar/CAD nearly60Point, further upward driven by the rebound of the US index, recorded a significant rebound on the same day and closed at1.2985Ending four consecutive declines, it remains within the downward channel. Attention can be paid to the negotiations on the North American Free Trade Agreement within the day. Canadian Prime Minister Trudeau has stated that an agreement may be reached today. If we can achieve the expected return to support the Canadian dollar's rebound, otherwise the US dollar/Canadian dollars or retest near the track on the upward testing channel.
Although the daily chart rebounded overnight due to the support of the downward trajectory of more than two months, it still needs to break above1.3035Only the first line can open up further upward space.4The hourly chart rebounded at a low level, but it did not affect the overall downward trend.1Pay attention to whether the exchange rate can remain stable within the day according to the time chart1.30Above the checkpoint. Suggest breaking up within the day1.3035Follow up on the front line and go long.
Support position:1.2980/1.2900/1.2840
Resistance level:1.3060/1.3100/1.3160