Industrial Investment: USD Upward Breakthrough Gold Test1900

Industrial Investment: USD Upward Breakthrough goldtest1900
2020year9month23day
Fundamentals
On Tuesday, the US dollar index continued its previous day's rise and broke through93.95Lower level sorting interval upper track, opening up further upward space. Non US currencies have declined one after another, and the euro has fallen for two consecutive days to explore1.1690Pound down100On the daily moving average, the Swiss franc is approaching the bottom of the consolidation range, and the Japanese yen has been retreating for two consecutive days. Among commodity currencies, the Canadian dollar is close to closing, but the pullback momentum remains intact, and the Australian dollar has also broken through and declined.
Federal Reserve Chairman Powell and US Treasury Secretary Mnuqin both delivered speeches at congressional hearings. Powell stated that the US economy has shown "significant improvement", but the future path is still uncertain. If necessary, the Federal Reserve will take more measures, but he has shifted the ball more to fiscal policy. Mnuqin stated that he will continue to push forward negotiations on the government's fiscal stimulus plan, but there is currently no sign of a consensus between the two parties. Neither Powell nor Mnuqin provided more details on easing, while the Fed's big doves released a hawkish stance when it comes to average inflation, stating that it can be achieved when average inflation starts to reach2%We have been raising interest rates before, which provides support for the US dollar.
British Prime Minister Johnson announced in parliament that bars and restaurants in England will be subject to a curfew starting from Thursday, increasing the number of areas where masks are worn, and reducing the exemption from the so-called "six person system" that prohibits gatherings of six or more people. However, schools and businesses will continue to be open. He stated that the UK must make every effort to avoid a second round of lockdown. Due to the fact that the UK economy isG7The Chancellor of the Exchequer and other members of the Conservative Party, who have been hardest hit by the epidemic, oppose the adoption of harsh measures that may harm the British economy.
Due to the technical break in the US dollar, it may continue to exert pressure on non US assets. The decision of the New York Reserve Bank on interest rates in the early trading session of the Asian market today may give hints about negative interest rates or further suppress the decline of the New York dollar. In addition, today Europe and America will announce9monthMarkitmanufacturingPMIThe initial data is expected to further boost the trend of the euro and the US dollar.
Technical aspect
euro/dollar
Sunchart Breakthrough50The daily moving average, the current downward trend remains intact and is expected to continue to decline.4The hourly chart fluctuates downward, and the short-term moving average provides pressure. The downward trend of the hourly chart is obvious, and any rebound may provide opportunities for short selling at high points. It is recommended to use the1.1720Short below.
support level ： 1.1650 1.1600 1.1570
Resistance level: 1.1720 1.1760 1.1780
pound/dollar
Sunchart Down Break100The daily moving average and random indicators tend to continue to decline.4The hour chart rebounds and includes a shaded candlestick, indicating strong upward pressure, while the exchange rate has hit a new low and is expected to further decline. The hour chart is temporarily on the rise and fall1.2710The upper part is still relatively weak. Suggestions for the day1.2755Short below, break below1.2710follow-up.
Support position: 1.2710 1.2660 1.2600
Resistance level: 1.2755 1.2775 1.2800
dollar/Japanese yen
Daily chart in front low104.17Nearby support for two consecutive days of rising, with random indicators tending to further increase.4The short-term moving average of the hourly chart has shifted upwards, which may provide support. Hour chart uplink test105.20On the first line, effective upward breaking is expected to further increase. Suggestions for the day104.90Top long, top break105.20follow-up.
Support position: 104.90 104.70 104.50
Resistance level: 105.20 105.40 105.75
gold
Daily chart negative test again1900On the first line, the trend remains bearish.4The hourly chart is weakly organized above the previous low point, and the short-term moving average may decline or provide pressure. The hourly chart is slightly weaker and still tends to further decline. Suggestions for the day1910Short below, break below1895follow-up.
Support position: 1895 1880 1865
Resistance level: 1910 1920 1933
silver
The daily chart closed negative again, although it did not break low, bears still dominated.4The hourly chart is sorted above the low point of the previous sharp decline, slightly weaker. The hourly chart once again explores the previous low and stabilizes, but lacks rebound momentum. Suggestions for the day24.70Short below, break below23.65follow-up.
Support position: 23.65 23.40 22.60
Resistance level: 24.70 25.00 25.20