Banda Asia: Trump's Speech Promotes Risk Avoidance Golden Attack Direction1200

S&P Sovereign Ratings Director Kramer said yesterday that since the last time S&P downgraded the US economic ratingAAADown toAAPast5Year. He believes that this situation is2017The year will not change, and S&P will continue to maintain itAARating. Kramer added that the current policies formulated by the United States are highly uncertain. He said,AAAA sovereign rating of level means that people expect more visibility and more continuity policies. He also added that the current economic outlook in the United States is stable and there is no possibility of any short-term changes. Kramer said that if the economy can achieve growth, debt will decrease, which is easy to say but impossible to achieve. The policy combination adopted does not imply that this is a sustainable development outcome. Kramer said that if the United States really implements tax cuts and increases spending on infrastructure and other areas, it will mean a heavier deficit and debt burden for the United States. Trump has already held a press conference, and investors can discover some policy details.


In addition, Bank of Japan Governor Masayoshi Umiya stated yesterday that even in today's highly developed financial markets, central banks around the world can still have a significant impact on long-term interest rates when dealing with financial crises. Yugong Zhengjia stated that more research is needed on how to obtain a better yield curve and the extent to which the central bank regulates long-term interest rates. Yugong Zhengjia stated that from the implementation of various monetary policies and existing experience, it can be learned that the central bank can have a significant impact on long-term interest rates. Yumiya Masayoshi stated that the Bank of Japan has been studying how to evaluate desirable yield curves in the past two years, and this research has been completed. However, Masayoshi Yumiya also emphasized the challenges faced by the Bank of Japan's new policy framework - the Bank of Japan still cannot determine the extent of its regulation of longer-term yield curves. The Bank of Japan's policy, which clearly aims to coordinate the regulation of long-term and short-term interest rates, is unprecedented globally.

The data that needs attention today is France12monthCPIAnnual rate final value, Italy11Monthly industrial output rate after seasonal adjustment, Germany2016yearGDPAnnual rate, US as of1month7Number of initial claims for unemployment benefits in the current week, United States12Monthly Import Price Index Rate and Canada11Monthly rate of new housing price index. In addition, the minutes of the monetary policy meeting released by the European Central Bank in the evening andFOMCVoting committee member Hack's speech in the evening also requires everyone's attention.

gold/dollar

Gold fluctuated upwards yesterday, approaching1200Da Guan, trading at spot exchange rate1197Nearby. In addition to the increased risk aversion in the market due to concerns about Brexit and uncertainty in Trump's policies, which provided some support for gold, the Trump press conference disappointed the market and suppressed the decline of the US index, which was also an important factor supporting gold's rise. In addition, the seasonal increase in physical demand for gold also provides some support for gold. Follow Today1205Nearby pressure situation, supported below1190Near.

AUD/dollar

The Australian dollar surged significantly yesterday, approaching1At a monthly high, the current exchange rate is trading at0.7460Nearby. The significant decline in the US dollar index after Trump's press conference failed to provide any guidance on growth plans was the main reason supporting the rise of the Australian dollar. In addition, the rise in commodity iron ore prices has also provided strong support for the commodity currency, the Australian dollar. However, Trump's failure to provide guidance on new infrastructure spending plans has also led to a decline in copper prices, limiting the rebound potential of the Australian dollar. Follow Today0.7550Nearby pressure situation, supported below0.7350Near.

dollar/Cad

dollar/The Canadian dollar fluctuated and fell yesterday, losing ground1.3200Pass and approach1Month low, spot exchange rate trading at1.3140Nearby. Apart from the weakening of the US dollar index under Trump's disappointing press conference, which was the main reason for the pressure on the weakening of the exchange rate,crude oilThe significant increase in prices supported by Saudi Arabia's reduction in crude oil supply to Asia and the weakening of the US dollar index is also an important factor in exerting pressure on the weakening of the exchange rate. Follow Today1.3250Nearby pressure situation, supported below1.3050Near.