OriginECN：8month1Analysis of the Price Trends of Japanese Euro, GBP/USD, and Gold Futures

Yesterday was the last trading day of July, and although the US economic data performed well, last week's unfavorable factors still affected the US dollar, causing the US dollar index to decline; And just took office

10

The White House News Director was "fired" by Trump, and the dollar index fell further, hitting a low in nearly a year

92.786

. Investment Focus

"Super Thursday" to see if the Bank of England will raise interest rates in the near future, which has been consistently low.

1、 Euro trend

/

Analysis of EUR/USD Market:

Today's economic data is intensive, and the eurozone includes

7

month

PMI

And the second quarter

GDP

All will be released, and personal income and expenditure data in the United States, including

PCE

The release of the Price Index is the inflation indicator that the Federal Reserve is most concerned about.

The euro saw a slight pullback against the US dollar on Monday, but it was difficult to stop the upward trend

0.7%

touch

2015

year

1

High since the beginning of the month.

The euro closed at

1.1800

Above, Eurozone

7

Monthly Core

CPI

rise

1.2%

, higher than expected

1.1%

Overall

CPI

Annual rate increase

1.3%

。 U.S.A

7

Month Chicago

PMI

from

65.7

lower

58.9

, for

3

The lowest level in months, while the Dallas Manufacturing Index has decreased from

15

Rapidly rising to

16.8

。

6

Monthly growth in pending house sales

1.5%

Better than expected, but low inventory still exists, hindering growth.

Operation suggestions:

EUR/USD

Suggest going long at a low level and supporting below

1.1770,1.1740

, Upper Resistance

1.1840,1.1900

2、 GBP trend

/

Analysis of GBP/USD Market:

The pound has recently been supported by expectations of interest rate hikes. Despite a slight pullback yesterday, it is difficult to conceal the strong upward trend and break through

1.32

Gate refresh

10

Month high; The investment market is optimistic about whether the Bank of England will raise interest rates, and decision-makers are all watching.

The pound rose rapidly against the US dollar to last year

9

New high since the beginning of the month

1.3199

Closing below it, the decline in the US dollar boosted the exchange rate. Britain

6

Monthly mortgage loan application touches

9

The lowest level in months, starting from

65

，

109

lower

64

，

684

Item. Moderate decline in consumer credit with annual growth rate

10%

, Previous value

10.4%

. The report also shows that non collateralized loans for consumers

15

£ 100 million increased to

18

Billion pounds. UK to announce on Tuesday

7

Monthly manufacturing industry

PMI

Expected to be recorded

54.3

However, the market will focus on Thursday's decision by the Bank of England on interest rates.

4

The hourly chart is still bullish, and the exchange rate remains bullish

20SMA

Above, the kinetic energy index has risen to

100

upper,

RSI

Organize in

66

Nearby, it implies low trading volume rather than being exhausted by the upper action.

Operation suggestions:

GBP/USD

Suggest going long at a low level and supporting below

1.3175,1.3155

, Upper Resistance

1.3240,1.3270

IIIgoldfuturesMarket and trend analysis:

As news of North Korea's ballistic missile test and the US Russia diplomatic conflict were digested by the market, Trump's newly appointed Chief of Staff, Kelly, also took office. The temporary downplay of safe haven events caused the market to remain relatively calm, leading to a slight drop in gold prices. The evidence in the United States is mixed and the economic data in the United States is not encouraging; The weakening of the US dollar has boosted gold, which has risen nearly this month

2%

. And this upward trend may continue.

Technically,

The upward resistance of gold is located at the Fibonacci retracement level

1275

dollar

/

At the ounce mark. If the price of gold can break through at this level, it may see a gold shock

1295

dollar

/

The high point of ounces may trigger a new round of gold bull market. If we cannot break through here, we will maintain a broad consolidation trend.

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