INFINOXYingnuo: Trump's policies are questioned by the new finance minister Market confidence is declining

On Thursday evening, the US Department of Labor announced2month18The number of people applying for unemployment benefits for the first time in the current week, and this value is ultimately determined as24.4Ten thousand people, higher than the previous value23.9Wanhe Expected24Ten thousand people. Although the number of missing applicants is already the third in a row103Weekly Below30Ten thousand people, it's from1970The longest record since the beginning of the year, however, the value ultimately exceeded the previous and expected levels, causing the US Composite Index to slightly decline after the data was released.

In addition, the newly appointed Secretary of the Treasury of the United StatesSteven MnuchinIn an interview with Fox Business News, it was stated that "any policy measures taken by the Trump administration may have limited impact this year." This is also consistent with the views expressed by most politicians in the past period, which to some extent reduces the credibility of the market's commitment to Trump and increases investor concerns about the uncertainty of US policy.

Affected by unfavorable data and official speeches, the US dollar index continued to decline in US trading yesterday, breaking through at one point101The lowest point is at the checkpoint100.88The US dollar is seen as weak against major currencies and metals, with the US and Japan falling to their lowest point in half a month112.54。

quotations analysis
gold

On the sky map, gold is encountering1244After resistance, it briefly retreated to1226Low point, but with the weakening of the US dollar, gold has been boosted and worn up1244. at presentKThe trend of the line continues“N”The trend is upward. However, considering fundamental factors, the market's risk aversion is ultimately destined to disappear, and the upward space for gold is not clear. Moving average combination display,KAbove the line, there is still resistance from the annual line, and whether it can ultimately cross the annual line and continue to rise requires more fundamental bullish news support.

4In the hour chart, the previously formed "double top" structure has ended,KThe line was suppressed by strong resistance above and ultimately failed to break through the neckline1220And generate a rebound. Considering that the market broke through the top of the "double top" last night,KA new platform has been installed on the line station, with early resistance as the new support, which can be used to expand the layout within the day. The current price is1248Nearby consolidation, if it can retrace to near the support line, it may consider buying long on dips.


Pound and US dollars

KLine on the station1.2400After being on the platform, it has been continuously affected by the half year line andMA60Resistance and suppression. At present, the angle of this moving average combination is gradually narrowing, as the oscillation amplitude narrows,KThe line will inevitably seek direction breakthroughs. Affected by yesterday's fundamentals, prices seem to have found a breakthrough direction.4On the hourly chart, continuous patterns can be clearly seen5The long solid bullish line broke through the upper track of the falling triangle and reached a new high, briefly touching1.2560High point.

Today's morning trading time, the price is1.2530---1.2560Conduct consolidation, expect a brief pullback within the day, and test the six-month line below and previous highs1.2500. If this checkpoint is relevant toKIf the line forms effective support, it proves that the breakthrough of the previous trading day is an effective breakthrough, and the price will stand on a new level. At that time, we can focus on1.2500double0Layout the entrance and the upper track of the previously descending triangle.

US and Japan

On the chart, the US and Japan continue their previous volatile market trends, and long-term investors can still112.45----115.50The specific breakthrough direction for regional "high selling and low buying" needs to wait for the emergence of technical signals. At present, all technical indicators are flat, and due to the uncertainty of Trump's policies, the entire financial market is waiting for the implementation of these policies.

For medium - and short-term investors, the broad volatility of the market provides them with more entry opportunities.4On the hourly chart, the United States and Japan have stepped out of a "head and shoulder top" shape,KThe line also began to decline after rebounding and touching the defensive neckline. With the help of yesterday's fundamental news, the US and Japan fell to2The low point of the week112.54Approaching the lower support line112.45. Whether the subsequent decline can continue will depend on todayKThe competition between the line and the support line, if it still cannot break down, will continue to remain within the oscillating box. It is recommended to buy long on dips; If the US dollar continues to weaken and effectively breaks through this support, it will open up downward space.

The above analysis is based onINFINOXYingnuo, Gao Wei)


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