Industrial Investment: Fed dovish US dollar plummets The pound rises sharply, awaiting a decision from the Bank of England

Industrial Investment: Fed dovish US dollar plummets The pound rises sharply, awaiting a decision from the Bank of England
2019year6month20day
euro/dollar
Overnight Federal Reserve releases6Monthly interest rate resolution, maintain2.25%-2.5%The interest rate remains unchanged, in line with market expectations. But this vote is9:1Official Brad opposes holding back and supports interest rate cuts. In the policy statement, the Federal Reserve abandoned the wording of "patience" for future policy adjustments. In terms of economic expectations, although it is expected to remain stable this yearGDPExpectations remain unchanged, but the unemployment rate expectation has been lowered, but the key core inflation expectation has been lowered. The dot plot also shows a shift, suggesting that it is appropriate to cut interest rates at some point in the future. Afterwards, Federal Reserve Chairman Powell also stated in his speech that the reasons for future interest rate cuts have strengthened. The stance of this resolution has clearly turned dovish, and the expectation of interest rate cuts within the year has further increased. As a result, the US dollar index plummeted sharply to97Gateway, Euro/The US dollar has rebounded sharply again, reaching its highest point1.1251And recover it1.12Pass. In the morning session of today's Asian market, due to the fermentation of dovish resolutions, the US dollar further declined, while the euro/The US dollar continues to expand its gains to1.1263It is expected that the euro will still have upward potential within the day. Focus on the Eurozone Today6The initial value of the monthly consumer confidence index and the release of the economic bulletin by the European Central Bank.
The daily chart maintains a long-term downward trend and is currently rebounding at a low level. Focus on whether it can remain stable within the day100Above the daily moving average.4Hour chart returns1.12There is still room for repair above the checkpoint.1Hour chart on1.1185The nearby support rapidly oscillates upwards, with strong upward momentum. Available within the day1.1230Long positions in first tier light positions.
Support position:1.1200/1.1170/1.1140
Resistance level:1.1300/1.1330/1.1415
pound/dollar
The inflation report released by the UK on Wednesday showed that the UK5monthCPIAnnual growth rate2.0%, as expected;coreCPIAnnual growth rate1.7%, better than expected1.6%. EnterPPIThe year-on-year growth of both the retail price index and the overall inflation data, which is better than expected, has pushed the pound back to the bottom of the recent consolidation range in the short term. In terms of the Prime Minister election, former Foreign Secretary Johnson continued to consolidate his lead and gained support from more colleagues, which at least eased the uncertainty of the political outlook and supported the pound. Later, supported by the dovish Federal Reserve decision, the pound accelerated its rise, reaching a one week high at its highest1.2670, ultimately collected in1.2651On that day, it surged nearly130Point, is the currency with the largest increase among non US currencies. Today's focus is on the decision of the Bank of England, and it is expected that the Bank of England will remain inactive. However, the overall good economic fundamentals of the Bank of England may lead to a more hawkish stance, which is expected to boost the pound, while the opposite is expected to suppress the pound.
Technically, the daily chart has rebounded significantly overnight and is within the recent consolidation range, indicating that there is still room for upward movement within the range.4The random indicator on the hourly chart suggests that it is expected to rise in the short term.1The hourly chart currently has strong upward mobility and may have the potential to explore1.27Near the checkpoint. Available within the day1.2650Long positions in first tier light positions.
Support position:1.2640/1.2600/1.2575
Resistance level:1.2700/1.2760/1.2800
dollar/Japanese yen
Thursday's Asia Europe session in US dollars/The Japanese yen remains at a low level108.45Narrow width sorting in a single line. After the announcement of the Federal Reserve's interest rate decision, the US dollar index plummeted, dragging down the US dollar/The Japanese yen broke through the level and fell sharply during trading46Point, touch107.91Reached a low in nearly half a month, stabilized at the end of the trading session, and ultimately stabilized at108Above the checkpoint. In the morning session of today's Asian market, affected by the further sharp decline of the US dollar, the US dollar/The Japanese yen is accelerating its decline and breaking through in one fell swoop108Pass, lowest touch107.54Maintain the previous volatile downward trend. Later, the People's Bank of China will announce its interest rate decision, which is expected to be maintained-0.1%Interest rates remain unchanged, investors need to pay attention to whether the Bank of Japan will release further easing information.
The daily chart exchange rate broke through the recent consolidation range and further declined.4The overall downward trend of the hourly chart remains intact.1The large bearish candle on the hourly chart suggests significant downward pressure and may continue to decline. Suggestions for the day can be made on107.90Short selling in nearby light positions.
Support position:107.00/106.60/106.00
Resistance level:108.00/109.00/109.65
dollar/Cad
Overnight inflation released by Canada shows that Canada5monthCPIAnnual growth rate2.4%, better than expected2.1%;coreCPIAnnual growth rate2.1%As expected. The positive inflation indicates that the Canadian economy is emerging from a slowdown and also confirms the view of Bank of Canada Governor Poloz to raise interest rates. At the end of the data release, the US dollar/Short term plunge of the Canadian dollar50Point, influenced by the dovish decision of the Federal Reserve in late trading in New York, US dollar/The Canadian dollar further fell sharply, plummeting more than on the same day110Point, lowest dip1.3268Set a one week low and ultimately closed at1.3269Basic vomiting6All the increases since mid month. Today, you can pay attention to the trends of international oil prices and the US dollar.
A large bearish candle on the daily chart fell sharply overnight, falling below1.3250Frontline materials are further accelerating their decline.4The hourly chart random indicator has entered the oversold zone, but remains bearish.1The hourly chart shows an unusually strong downward momentum recently. Suggestions for the day can be made on1.3280Short the first tier light positions.
Support position:1.3200/1.3170/1.3100
Resistance level:1.3300/1.3345/1.3400