Industrial Investment: Disadvantages Survive, Euro plummets US Canada negotiations failed, Canadian dollar plummeted

Industrial Investment: Disadvantages Survive, Euro plummets US Canada negotiations failed, Canadian dollar plummeted
2018year9month3day
euro/dollar
Last Friday, European Commission President Juncker stated that if the US government violates the agreement to tax EU exports of cars, the EU will also tax the US. The news of Trump's plan to implement new tariffs on more Chinese goods next month has once again raised concerns about trade tensions in the market, driving the US dollar index to be supported by safe haven buying, which is not conducive to the euro. In addition, the inflation announced by the eurozone last Friday was lower than expected,8monthCPIAnnual initial growth rate2%Expected to be2.1%. Euro/On the same day as the US dollar1.1670After narrow range consolidation nearby, it quickly plummeted to1.16Below the checkpoint, the lowest point reached a ten day low1.1583However, it ultimately remained stable at1.16Frontline checkpoint. Focus on European and American trade relations and the Eurozone within the day8Manufacturing industries in various countriesPMIFinal value and other data.
Daily chart is affected by100The suppression of the daily moving average has fallen back, and if it does not effectively break through this level, there may be limited room for rebound.4Hour chart from1.13The upward trend in the vicinity has been fluctuating and currently tends to decline.1Hour chart falls below1.16There is a risk of a decline at the checkpoint. Cautious operation during the day, can be done within1.1630Short the first tier light positions.
Support position:1.1555/1.1500/1.1400
Resistance level:1.1620/1.1740/1.1800
pound/dollar
Last Friday, there was a shortage of data in the UK, and investors continued to focus on the Brexit process. EU Chief Brexit Negotiator Banier has made optimistic remarks, stating that considering the time required for the UK Parliament and the European Parliament to approve Brexit, both sides must11month11It is also possible to complete the negotiations a few days ago. Although the comments were positive, the market sentiment remained cautious until an agreement was reached. Under the pressure of the US dollar, the pound/For the second consecutive day, the US dollar1.30Weakened below the checkpoint and ultimately closed in1.2963Maintain a long-term decline. Follow the UK within the day8monthMarkitmanufacturingPMIdata
Technically, the daily chart as a whole continues from4The volatile downward trend since mid month has been affected by50The suppression of the daily moving average is more significant.4Hour chart from1.2675Action on the front line can alleviate the situation and tend to weaken.1Hour chart on1.30After a narrow consolidation on the front line, it quickly fluctuated and declined. Today, the Asian market further opened lower by jumping short1.2925, or there may be a lower rupture1.29Frontline risks. Within the day, insurance coverage is available on1.2855Short selling in nearby light positions.
Support position:1.2860/1.2840/1.2805
Resistance level:1.2965/1.2980/1.3040
dollar/Japanese yen
Last Friday, the deepening global trade friction caused a sudden increase in market caution, driving the US dollar/The Japanese yen fluctuated gently and fell to its lowest point of the day110.67. However, the market's safe haven king is still being taken away by the US dollar index, with a strengthening US dollar and a weakening Japanese yen, promoting the US dollar/The Japanese yen rose at a low level and eventually recorded a slight rebound, closing at111.00. Today's Asian morning trading, China announced8Yuecai New Manufacturing IndustryPMIRecorded50.6, slightly below expectations50.7Market concerns to some extent support the Japanese yen and US dollar/The Japanese yen slightly declined to110.91Maintain track organization on the down channel. You can pay attention to the impact of European and American data on the US dollar within the day.
The daily chart rebound is still being suppressed by the upward trajectory of the downward channel, and there may still be difficulties in effectively breaking this level in the short term.4Hour chart rises and falls, under pressure111Gateway.1The current rebound momentum of the hourly chart is insufficient, and random indicators suggest a possibility of decline. Suggestions for the day can be made at111.30Short selling in nearby light positions.
Support position:110.75/110.00/109.65
Resistance level:111.70/112.70/113.00
dollar/Cad
Prior to last week's trade negotiations between the United States and Canada, both sides conveyed positive signals to the market that a North American Free Trade Agreement would be reached last Friday. The fact has proven to be a slap in the face once again. Canada did not make any concessions on agricultural issues during the negotiations, and the two sides did not reach any agreement. The negotiations will resume this Wednesday. The news dealt a heavy blow to the confidence of Canadian dollar bulls, with the US dollar/The Canadian dollar fluctuated and rose overall, with a surge of nearly 100 points during the day, reaching a one week high at its highest1.3087At the end of the trading day, actions can be reduced and ultimately closed in1.3047For the second consecutive day, there has been a significant rebound, but it remains in the downward channel. You can pay attention to the trend of international oil prices and the US dollar within the day.
Last Friday, the daily chart included a long overhead lineKThe line suggests that there is greater pressure above and approaches the upper track of the downward channel, further rebounding or being limited by this resistance.4The hourly chart rebounded at a low level, but it did not affect the overall downward trend.1Chronogram1.31Strong resistance in the vicinity may limit the increase in exchange rates. Suggestions for the day can be made on1.3090Short selling in nearby light positions.
Support position:1.2980/1.2900/1.2840
Resistance level:1.3100/1.3160/1.3200