Industrial Investment: Strong rebound in favor of the US dollar Follow the annual meeting of global central banks

Industrial Investment: Strong rebound in favor of the US dollar Follow the annual meeting of global central banks
2018year8month24day
euro/dollar
The impact of Thursday's meeting minutes of the European Central Bank is limited. Data Eurozone8Monthly manufacturing industryPMIInitial value recorded54.6Although slightly higher than expected, it creates2016year11New low since the beginning of the month;German manufacturing industryPMIRecorded56.1Breaking a new low in two months and falling short of expectations, it suggests that Germany's manufacturing industry will continue to cool down. After the release of uneven data, the euro quickly weakened after a short-term rise in intraday trading, under pressure1.16Below the checkpoint. During the Asian market session on that day, the United States announced additional measures against China160Billion dollar commodity collection25%The import tariffs mean that the emergency negotiations held between the two sides at the last minute before the tariff measures came into effect did not achieve the expected results. The intensification of the Sino US trade crisis has re stimulated the influx of buying from the US dollar, ending its five consecutive bearish streak with a strong rebound, and95Expand the increase above the checkpoint. Euro/The US dollar is under pressure and is falling, ending its five consecutive bullish streak with the lowest dip1.1529, ultimately collected in1.1540Maintain a downward trend. Focus on the speech of Federal Reserve Chairman Powell at the Jackson Hole Global Central Bank Annual Meeting for the day. If the speech continues to be hawkish, there may still be room for the euro to fall.
The daily chart further rebounded due to50The daily moving average is suppressed and may fall back, and may remain below this level in the short term.4Hour chart from1.13The upward trend in the vicinity has been temporarily affected by fluctuationsMA200To suppress and limit its upward trend.1Hour chart up to1.1623Nearby oscillations and falls, pay attention to whether the exchange rate will fall below during the day1.15Gateway. Intraday breakdown1.15Frontline can follow up on short selling without breaking through1.15Support can be done with light positions and long positions.
Support position:1.1500/1.1400/1.1365
Resistance level:1.1600/1.1630/1.1665
pound/dollar
During European time, the UK announced8monthCBIThe retail sales gap has significantly increased29, far higher than expected13Strong data stimulates the short-term jump of the pound50Point, while refreshing the high level of the day1.2908. But the upward trend has not continued, and there are currently no obvious factors driving the reversal of the pound's trend in Brexit. Until the Brexit issue becomes clearer, it is expected that the pound will still largely not respond positively to the favorable economic development of the UK. Under the pressure of a significant rebound in the US dollar, the pound quickly plummeted by nearly 100 points after reaching its highest point of the day1.28At the checkpoint, it closed slightly above this level on the day and maintained a bearish trend. Follow the UK within the day7monthBBAData such as the number of mortgage loan permits for house purchase.
Technically, the daily chart continues from4The fluctuating downward trend since mid month.4The hourly chart random indicator is bearish, with the possibility of a short-term downturn.1The hourly chart rises and falls back to1.28The risk of breaking through this level is relatively high. Can be accessed within the day1.2845Short selling nearby.
Support position:1.2760/1.2720/1.2690
Resistance level:1.2830/1.2925/1.2965
dollar/Japanese yen
Thursday USD/The trend of the Japanese yen has basically replicated the trend of the previous two days, and in the early morning session of the Asian market110.75Nearby narrow range consolidation quickly rose and successfully broke through111The technical breakthrough at the checkpoint further expanded the upward trend of the exchange rate, reaching its highest point on the day111.39Closing report111.35Maintain a fluctuating upward trend. In the context of the escalating trade situation between China and the United States, safe haven buying has flooded into the US dollar, causing the loss of the safe haven shine of the Japanese yen and resulting in the US dollar/The Japanese yen rose strongly. Continue to monitor the trade situation and the impact of Powell's speech on the market within the day.
The daily chart has rebounded significantly for three consecutive days20Above the daily moving average, if this level can stabilize, it is expected to continue to strengthen.4Hour chart effectively breaks through strong resistance111.45The first line is expected to see an increase or expansion.1Hour chart from109.80The upward movement since the front line can be stronger. Intraday rupture111.45Follow up and go long on the front line, and operate cautiously before breaking through.
Support position:111.00/110.00/109.65
Resistance level:111.70/112.70/113.00
dollar/Cad
The recent rumors about the North American Free Trade Agreement negotiations have caused a huge shock to the Canadian dollar, and related progress still deserves close attention. Thursday USD/Supported by strong buying, the Canadian dollar surged significantly upwards, soaring nearly 100 points on the same day, reaching its highest point1.3101Slightly enclosed in1.31Below the checkpoint, the four consecutive declines have ended, easing the retreat trend in the past two months, but it remains stable in the downward channel. Key attention will be paid to the speech of the Governor of the Bank of Canada at the global annual meeting within the day. The market expects that the Bank of Canada has no reason to raise interest rates faster than expected. However, it is expected that the speech of Governor Boloz may be dovish and could potentially suppress the US dollar/The Canadian dollar further rose.
Although the daily chart rebounded overnight, it remained in a downward trend for over two months.4Hour chart1.3165The area has experienced multiple obstacles and has fallen back, failing to break through this level or maintaining a weak position.1The current uplink of the time chart is temporarily affected1.31Restriction of resistance at the checkpoint. Be cautious during the day and break through the upper limit1.31You can follow up and go long at the checkpoint, and if you don't break through, you can go short at a light position.
Support position:1.3060/1.2980/1.2965
Resistance level:1.3160/1.3185/1.3215