Industrial Investment: The US dollar is dim, welcoming the United StatesCPI The Japanese yen is steadily rising

Industrial Investment: The US dollar is dim, welcoming the United StatesCPI The Japanese yen is steadily rising
2019year5month10day
euro/dollar
Thursday Euro/The US dollar rebounds further and returns1.12Above the threshold, it was mainly boosted by the sharp decline of the US dollar index. Although the trade tensions between China and the United States have increased safe haven buying for the US dollar, investors are taking profits on the dollar before the two sides engage in a new round of trade negotiations. In addition, the overnight release from the United States4monthPPIAnnual growth rate2.2%, less than expected2.3%;4Monthly CorePPIThe annual growth rate is also worse than expected2.5%, recorded2.4%The data indicates that inflation is unlikely to accelerate, and the Federal Reserve is expected to maintain monetary policy unchanged in the short term. The above two major bearish factors caused the US dollar index to plummet and hit a new low of over a week97.20Approaching the downward trajectory of the mid-term upward channel. euro/The US dollar surged during trading, reaching its highest point1.1250, hitting a ten day high, slightly giving up some of the gains at the end of the trading session, and finally closing at1.1217Continue to ease the previous decline. Focus on US inflation todayCPIThe performance of the data is expected to provide guidance on the outlook for interest rates. Both China and the United States will embark on a new round of crucial negotiations, and we need to pay attention to the progress in the negotiations.
The long upper shadow line recorded overnight on the daily chart suggests significant upward pressure and is expected to maintain the previous downward trend.4The hour chart is currently affectedMA200The suppression is more obvious.1The hourly chart rises and falls, without breaking the previous high point121250The frontline is expected to face significant downside risks. Not broken within the day1.1250One line can short below this level.
Support position:1.1140/1.1100/1.1050
Resistance level:1.1250/1.1300/1.1325
pound/dollar
The uncertain prospect of Brexit has always troubled the pound. Until there is definite news, the market still suspects that the Brexit negotiations between the ruling Conservative Party and the opposition Labour Party in the UK may not yield results. And Prime Minister Theresa May.May must set a Brexit date, and the pressure is increasing. Due to Theresa May's potential substitutes being more hardline supporters of Brexit than herself, this increases the possibility of a hard Brexit, which is a no deal Brexit. On Thursday, the pound continued to fluctuate downwards during the Asia Europe session, hitting its lowest point1.2967Refresh the ten day low. However, the sharp decline in the US dollar index drove the pound to fluctuate and rebound during the New York session, ultimately recording only a slight decline and holding on1.30Pass. Until there is any positive news on the progress of Brexit, it is expected that the pound will remain under pressure. Data focus on the UK3monthGDPMonthly rates and industrial production, etc.
Technically, although the daily chart rebounded overnight, ending the three-day decline, the rebound momentum is relatively small, and a long upper shadow suggests that there is still significant upward pressure.4The hourly chart oscillates and drops to1.30Near the checkpoint, pay attention to whether it will fall below this level within the day.1The hourly chart continues the high volatility downward trend. Although it has stabilized, the upward momentum is not strong. Within the day, it fell below1.30Frontline can follow up with short selling.
Support position:1.2970/1.2920/1.2865
Resistance level:1.3070/1.3100/1.3170
dollar/Japanese yen
The performance of the Japanese yen has been very outstanding this week. Investors are concerned that trade frictions may escalate further, and market risk aversion remains strong. Due to investors reducing their long positions in the US dollar index, the Japanese yen has been favored. dollar/The Canadian dollar accelerated its decline and fell on the same day0.3%, lowest touch109.46Breaking the low level in over three months and ultimately falling behind110Da Guan, put it away109.81Continuing the high-level retracement trend, it is expected to reverse the upward trend since the beginning of this year. Some analysts believe that seasonal trends towards the middle of the year usually favor the Japanese yenoptionThe trading volume increased before the US China trade negotiations. This means that there may still be room for the Japanese yen to strengthen. Today's focus is on the China US trade negotiations.
The daily chart further breaks below the high level and may still have room for decline.4The hourly chart has been rapidly declining recently, indicating strong downward momentum.1Breaking under the hour chart110At the critical juncture, it is expected to maintain the previous volatile downward trend. Suggestions for the day can be made on110.30Short selling in nearby light positions.
Support position:109.60/109.00/108.60
Resistance level:111.00/111.60/112.00
New Zealand dollars/dollar
Although the Reserve Bank of New York's interest rate cut has put pressure on the New Zealand dollar, the market has already fully digested it. After plummeting on Wednesday, the New Zealand dollar stabilized at a low of over half a year on Thursday, showing a mild and volatile upward trend overnight. However, the dovish monetary policy stance of the Reserve Bank of New York limited the rise of the New Zealand dollar, ultimately recording only a slight rebound and closing at0.6584In the morning session of today's Asian market, supported by the continuous decline of the US dollar, the New Zealand dollar surged to0.66Above the checkpoint. In the short term, a weakening of the US dollar index or short covering may provide an opportunity for the New Zealand dollar to rebound. Today, we can focus on the impact of trade developments on market sentiment, as well as US inflation data.
The downward trend of the daily chart, which has been fluctuating since its peak, remains intact.4The current rebound on the hourly chart does not affect the long-term downward trend.1Although the hourly chart rises in the short term0.66Above the checkpoint, but the upward space may be affectedMA200restriction Available within the day0.6635Short the first tier light positions.
Support position:0.6535/0.6500/0.6450
Resistance level:0.6640/0.6680/0.6720