Industrial Investment: Stimulating Speculation to Stop US Dollar Recovery The approved commodity currency of COVID-19 Pharmaceutical is strong

Industrial Investment: Stimulating Speculation to Stop US Dollar Recovery The approved commodity currency of COVID-19 Pharmaceutical is strong
2020year10month23day
Fundamentals
The trend of the US dollar on Thursday is still closely related to news related to the new round of US stimulus negotiations, but the news is mixed, causing the US dollar to cover short positions and driving the US dollar index to rebound, away from7Low point since the beginning of the week. Non US asset performance differentiation due to the US Food and Drug AdministrationFDARemdesivir was approved to be used for COVID-19 treatment to boost market sentiment. The commodity currency continued the rebound trend of the previous day, but the strength was not strong,goldHedged assets such as Japanese yen and Japanese yen fell from high levels under the dual pressure of rising risk appetite and the strengthening of the US dollar, while European currencies weakened across the board due to the severe situation of the COVID-19 epidemic in Europe and the limited progress of trade negotiations between Britain and Europe.
This week, both parties in the United States have been negotiating a new round of fiscal stimulus agreement. On Thursday, Democratic Speaker Pelosi of the US House of Representatives stated that a new round of fiscal stimulus agreement with the White House is "almost imminent", but added that there is "still some way to go" before a bill is written and passed through Congress. The expectation that the United States will reach an agreement but may not be able to launch it until after the election has not changed from earlier, which has also weakened the power to short the US dollar. The US dollar index took advantage of key support to rebound.
In addition, in terms of data, the number of initial claims for unemployment benefits in the United States last week was78.7Ten thousand, not only lower than market expectations86-87Wan, the month of the outbreak of the epidemic and this year3Since the beginning of the month, it has reached a new low, marking the third week on month decline in the past four weeks. This is the data after re counting the number of new jobless claims in the populous state of California, reflecting the gradual improvement of the US job market. The beautiful US data is in stark contrast to the current severe epidemic in Europe, which has led many countries to consider re sealing cities and posing a threat to economic recovery. Many European countries have experienced a second wave of COVID-19 after lifting their bans in the second quarter, which has become increasingly severe. This has led many European governments to increase their epidemic prevention levels to varying degrees and re tighten their restrictions.
US Food and Drug Administration(FDA)Remdesivir was approved on Thursday for the treatment of COVID-19, which is the first and only fully approved treatment for COVID-19 in the United States. However, the interim results of the solidarity therapy trial coordinated by the World Health Organization show that remdesivir seems to have a significant impact on the28The daily mortality rate or the hospitalization process of COVID-19 patients had little or no impact. Nevertheless, the market still expressed its greatest welcome to the approval of remdesivir. The US stock market rose together to recover the losses of the previous day, boosting risk assets.
The Brexit negotiations between the UK and the European Union have resumed, but no more positive news has emerged, leading to short-term profit taking and a pullback from high levels in the pound. At present, the pound is still mainly driven by news related to the Brexit negotiations.
European and American countries will announce soon10Monthly manufacturing and service industriesPMIData, due to the current deadlock in the US fiscal stimulus negotiations and Brexit negotiations, which dominate the market, the market may need new catalysts to drive the market, and economic data from Europe and America may become the driving force for a new round of market trends. If the US economy recovers better than Europe, the US dollar is expected to further expand its gains.
Technical aspect
euro/dollar
Daily chart on1.1900There may still be a demand for a short-term pullback due to obstacles in the front and lower levels.4Hour chart on1.1880After encountering obstacles on the first line, it fluctuated and went down, but there was still no signal to stop the decline. Hourly graphMA5/10Deadfork suppression, accelerating the decline in the early trading of the Asian market today, falling below1.1800If maintained below this level, it is expected to expand the decline. Intraday tendency1.1810Short below, let's take a look first1.1760.
support level ：1.1760 1.1720 1.1700
Resistance level: 1.1810 1.1825 1.1860
pound/dollar
Daily chart on1.3180If the resistance on the first line encounters resistance and falls back, if it is maintained at1.3080The downward trend is expected to expand.4The hourly chart fluctuated downward, with bearish positions slightly dominant. The hourly chart shows short positions on the short-term moving average, still bearish. Suggestions for the day1.3080Short below, let's take a look first1.3025。
Support position: 1.3025 1.2980 1.2920
Resistance level: 1.3080 1.3100 1.3150
dollar/Japanese yen
The daily chart is in the front low area104.20/00The upper part stabilized and rebounded slightly, but the random indicators are still suppressed by the downward trend line.4Hour chart on104.30The upper part stabilized and rebounded, while the short-term rebound trend remained intact. Hour chart fluctuates upwards, pay attention to whether it can stabilizeMA20. It is recommended to operate cautiously within the day, with a slight inclination104.65Go long above and seek105.00A backhand short opportunity when facing obstacles on the front line.
Support position: 104.65 104.45 104.20
Resistance level:105.00 105.20 105.40
gold
The daily chart has been hindered from falling on the downward trend line, but has not yet effectively broken through100Daily moving average, watch for fluctuations with caution.4Hour chart on1930The first line was hindered and fell, but the short-term rebound trend remained intact. Exploring the Hour Chart1895On the front line, pay attention to whether it can stabilize. During the day, it is recommended to operate with caution and pay attention to1895Frontline performance determines further direction.
Support position: 1895 1889 1875
Resistance level:1907 1915 1923
silver
Daily chart on50The daily moving average is also among the highest25.55The level is obstructed and falls back, but does not break100The daily moving average support is still expected to maintain a volatile trend.4Hour chart onMA200Blocked and falling back, but not strong enough. Hour chart from25.27The downward trend since the high point has remained intact, with short-term attention24.50Support. During the day, it is recommended to operate with caution and pay attention to24.50Performance determines further direction.
Support position: 24.50 24.30 24.10
Resistance level: 24.70 24.85 25.00