Industrial Investment: US Dollar Slight Rebound CAD Megaseismic 100 points

Industrial Investment: US Dollar Slight Rebound CAD Megaseismic 100 points

2020year3month5day

Fundamentals

As the market digested the news of the Federal Reserve's emergency interest rate cut, market sentiment began to ease, and global stock markets rebounded violently, suppressing safe haven assets.goldstay1652Below, the upward trend of the Japanese yen and Swiss franc has also begun to converge, with the euro taking back some of its previous gains, while commodity currencies continue to rebound, especially the Australian dollar due to its strong performanceGDPThe data performance is impressive, but the Canadian dollar is due to the central bank following the Federal Reserve's interest rate cut50At one point, it plummeted by more than one basis point100Point. The upward trend of the pound is relatively independent, mainly due to reports that EU officials have stated that trade negotiations with the UK have started well.

Except for the Federal Reserve's emergency interest rate cut50In addition to triggering multiple central banks around the world to follow up on easing measures, the Democratic Party of the United States showed poor performance in the primaries on Super Tuesday, with the leading radical Sanders in the polls, while the moderate former US Vice President Biden "revived" and won the second largest vote, including Texas9The state vote became the biggest winner in the Democratic primary, and its moderate stance was more popular in the market than Sanders, which also eased some downward pressure on the US dollar.

The US data is mixed and has not provided clear guidance to the market. United States2monthISMNon manufacturing index recorded2019year2Since the beginning of the month, it has reached a new high, butMarkitService industryPMIExponential appearance2013year10It contracted for the first time since September, indicating that the US service industry was also hit by the COVID-19. United States2monthADPIncrease in employment18.310000, better than expected, but the previous value has significantly decreased to20.9Ten thousand.

EU Chief Brexit Negotiator Banier held a press conference on the negotiation status of future relations with the UK. If it expresses optimism about the prospects of negotiations between the two sides, it will be beneficial for the pound, and vice versa.

Technical aspect

euro/dollar

Daily chart on1.1180Near the resistance, there is resistance and the random indicator tends to decline from the overbought area.4The hourly chart shows a slight correction, with fierce competition between long and short positions. Hour chart short line in1.1150Slightly organized, slightly inclined towards a downward trend. Suggest not to break within the day1.1120Maintain a long position, and if it breaks below this level, follow up with a short position.

support level ： 1.1120 1.1090 1.1065

Resistance level: 1.1150 1.1190 1.1210

pound/dollar

The daily chart rebound is still suppressed by the downward moving average, and random indicators tend to rise or break through upwards,4Hour chart fluctuates upwards, with short-term or retraced movements1.2850Seeking stability nearby and further increasing. Hour chart up in1.2880Blocked below, focus on if the pullback can stabilize1.2850The upper part is expected to expand the increase. Suggestions for the day1.2850Don't break long, break up1.2880follow-up.

Support position: 1.2850 1.2820 1.2870

Resistance level: 1.2880 1.2920 1.2970

dollar/Japanese yen

The daily chart rebound is still affected by5The daily moving average is being suppressed, and attention should be paid to whether the resistance to the conversion from the previous low point can be reached107.65Near.4Hour chart on106.80The upper part stabilized and rebounded slightly, with weak strength. The hourly chart shows a mild rise, but has not yet reversed the overall weakness. Daily tendency to pay attention107.70Frontline performance determines further direction.

Support position: 107.30 107.00 106.80

Resistance level:107.70 107.95 108.30

gold

The daily chart slightly declined, but the random indicators still tend to be bullish.4Hour chart on1650Organize below and ultimately break through upwards. Horizontal arrangement of hourly charts without breaking1630It is still expected to further rise. Intraday tendency1630Top long, top break1650follow-up.

Support position: 1630 1626 1620

Resistance level: 1650 1660 1670

silver

The daily chart closed slightly lower under the pressure of multiple moving averages above, but the random indicators still tend to be bullish.4The internal consolidation of the hour chart triangle flag shape may lead to an upward breakthrough and restart the previous rebound trend. The hourly chart is organized in a narrow format and lacks direction. Suggestions for the day17.07Top long, top break17.25follow-up.

Support position: 17.07 17.00 16.90

Resistance level: 17.25 17.35 17.45