OriginECN：7month27Analysis of the Price Trends of Japanese Euro, GBP/USD, and Gold Futures

  

As expected, the Federal Reserve's interest rate decision has maintained interest rates unchanged while giving hints of imminent balance sheet tightening. Overall, its policy statements have been mixed; Despite an increase in the probability of interest rate hikes, the US dollar has sharply turned downwards

"Waterfall style decline"

; From the market reaction, it seems that the dovish remarks in the statement have received more attention from investors: the US dollar is rising in the short term

94.21After a rapid reversal, it plummeted by over80Click to refresh the new day as low as93.396, creating

Last year

6month23The lowest in recent days

Horizontal; In terms of inflation, the Federal Reserve believes that inflation will remain stable at target levels in the medium term

2%Nearby, while the job market continues to strengthen

; There is also no indication that the US central bank will accelerate monetary policy tightening, and the US dollar has fallen to a new low against major currencies. Let's take a look below

7month27Japanese Euro, GBP/USD, andgoldfuturesAnalysis of the trend.

   
   

1、 Euro trend

/Analysis of EUR/USD Market:

   

Despite its recent statement revealing hawkishness, the European Central Bank still makes monthly purchases

600Assets worth billions of euros with interest rates

Still for

0%

Such policy differences support the rise of asset prices in Europe. For the upcoming Fed's balance sheet reduction, if investors want to fully utilize it, they should not invest all their funds in US assets. Europe is a good choice;

   

The euro fluctuated against the US dollar

1.1640Nearby, falling to1.1612After hitting a new low within the week, the market resumed its upward trend and closed at a new low2015year1The highest since the beginning of the month1.1730Region. Technically,

Euro to US dollar exchange rate rebounds

4Hour chart20SMATechnical indicators have surged, maintaining an upward slope, located in a positive area, breaking through1.1710Support for further upward direction1.1800, for200Weekly moving average and4Since mid month, the top of the upward channel has been located.

   
   

II

GBP trend

/Analysis of GBP/USD Market:

   

GBP/USD closed at

1.3100Above is the highest closing price of the week.

The GBP/USD exchange rate fell to

1.2998，

The second quarter of the UK announced yesterday

GDPQuarterly growth rate0.3%Annual growth rate1.7%。

This data meets market expectations, indicating that the Bank of England has remained calm, but has reduced expectations for a rate hike. On the other hand, the decline of the US dollar is favorable for the pound, and the pound's exchange rate against the US dollar is expected to challenge the high point of the year, which is

7The high position recorded by the month1.3125。4Hour chart display

The GBP/USD exchange rate is accelerating its upward trend, breaking through the current bullish trend

20SMA, andRSIAscend to69Nearby,

However, the momentum indicator remains stable in the positive region, supporting further increases. break through

1.2135，

The exchange rate between GBP and USD will point towards

1.3180, from2016year8-9Multiple daily highs and lows have occurred since the beginning of the month.

   

Operation suggestions:

GBP/USDSuggest going long at a low level and supporting below1.3080，1.3050Upper resistance,1.3160,1.3200

   
   

3、 Analysis of Gold Futures Market and Trend:

   

In terms of gold, the Federal Reserve's response is biased towards the dovish side, coupled with Trump's recent troubles and risk aversion, which makes gold expected to rebound; However, from various aspects of economic data in the United States, it is still relatively strong, and the weak inflation outlook is a negative signal for gold; At least the short-term trend is not optimistic, and the long-term trend faces a lot of uncertainty;

   

Operation suggestions:

XAU/USDSuggest going long at a low level and supporting below1259,1256, Upper Resistance1266

   
   

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