EightCapYi Hui: Trump's speech and the Scottish incident will usher in excellent trading opportunities

Yesterday in the financial market, we can notice that the Dow Jones Industrial Average continued to12A new closing record high was set in trading days,goldcreate3A new high of over a month. In addition, Trump's first budget proposal has been exposed, revealing a "historic" increase in defense spending540USD100mn White House officials say that Trump will support an increase in defense spending in his budget proposal540USD100mn This is equivalent to an increase from the previous fiscal year9%. These officials said that this budget proposal seeks to simultaneously reduce non defense expenses such as overseas aid and environmental protection, so that the deficit does not exceed the previous fiscal year. Trump stated that in his speech to Congress on Tuesday, he will discuss plans for infrastructure spending and increase investment in infrastructure. Therefore, Trump's speech will inject more volatility into the market.
In addition to the United States, another uncertain factor in the current market is the possibility of Scotland announcing an independence referendum, which has caused a rapid decline in the pound against the US dollar, with a slight drop yesterday1.24Below USD.
EightCapYi Hui believes that in addition to political instability in the Eurozone, the Scottish independence incident will continue to put pressure on the pound in the current market3The mid month Federal Reserve interest rate meeting will also have a certain impact on the market in the coming weekforeign exchangeThe driving factors of the market will become clearer, and there are many investment opportunities.
At present, the short-term trend of the euro is fluctuating upwards, and the support level below the euro is1.0545. If the future trend falls below1.0545The future trend of the euro is bearish.
The pound is currently in a volatile and bearish pattern in the short term, with an upward trend1.2495There is some resistance in the area, below1.2385The support level in the area is strong. If the pound can substantially break free from this range in the future, especially if the Scottish issue triggers a drop in the future1.2385The supportive market is worth investors paying close attention to.
EightCapYi Hui believes that the short-term trend of the Australian dollar is currently in a volatile pattern, and further observation is needed in terms of time and space for the future trend. Currently, below the Australian dollar0.7650There is some support in the area, above0.7720There is some support in the area, and if the future trend falls below0.7650The future trend of the Australian dollar is bearish.
EightcapYi Hui believes that the short-term trend of gold has shifted towards an upward trend. It should be noted that the gold trend experienced a certain degree of decline at a high level yesterday, indicating that the above1265There are certain obstacles in the area, and investors need to closely monitor the price below gold1246The effectiveness of the support position. If the future trend of gold falls below1246The future trend is bearish. If we continue to break through1265Then continue the upward trend in the medium and short term.
The USD/JPY is currently in a short-term downward trend and is being suppressed by the upward trend line. The current resistance position above is113The integer threshold. If the future trend can regain its footing113The future trend is more favorable.
EightCapYi Hui believes thatcrude oilAt present, there is a wide range of fluctuations in the pattern below53.30With some support, above55There is some resistance in the area, and further observation is needed for the future trend. If53.30If the support level is broken, the future trend will be bearish.
The above analysis suggestions are for reference only. The analysis involved here reflectsEightcapYi Hui's current judgment. Any changes are subject to change without prior notice.
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