Pinhui International:CPIPoor performance with fluctuating fingers

      Market Review

      Monday(10month18day)goods in stockgoldThe surge was hindered, and at one point, it hit a one week high1264.11dollar/Ounces, due to some US9The monthly inflation data did not perform as expected, but gold prices subsequently fell back to1260Below the US dollar, as the market believes that the US9The overall monthly inflation data is favorable for the Federal Reserve to raise interest rates at the end of the year, and the US dollar index has also bottomed out and rebounded, putting pressure on gold prices.crude oilThe market expects that the recovery of supply balance in the oil market will accelerate, which once helped oil prices rise by more than1%However, the bottoming out and rebound of the US dollar has put pressure on oil prices again, and the recent weakening of upward momentum has also increased the risk of a pullback in oil prices.

      [Trading Strategy]

      The United States released on Tuesday9Monthly and quarterly adjustment coreCPIAnnual rate and the United States9Monthly CoreCPIThe monthly rate did not perform as expected, and spot gold briefly hit a one week high1264.11USD, but due to the lack of quarterly adjustments in the United StatesCPIThe annual rate has reached its largest increase in two years, and the market realizes that the data will still help the Federal Reserve raise interest rates by the end of the year. Gold prices have quickly recouped their gains and are currently falling to1257Near the US dollar; However, there are still some bullish factors in the market, and there is still a chance for gold prices to rebound. along withOPECContinuing efforts to limit production, the median oil market is expected to continue to rise. The latest data shows that US shale oil production will decrease, which also alleviates market concerns.

     Pinhui International Technical Analysis: EUR vs USD: The daily chart shows a fluctuating downward trend, with prices below the moving average and a dead cross in the moving averageMACDThe energy column and speed line are both below the zero axis for amplification and amplification. Currently, in terms of support and resistance, the upper resistance1.1140And lower support1.10960Nearby, overall, the range fluctuates downward, but we can wait for the high rebound to confirm that the resistance level is effectively short selling at high levels.

      pound/USD: The daily chart shows a downward trend, with the slope of the moving average currently downward. Prices are stepping below the moving average, with high and low points continuously moving downwards. The indicatorMACDThe energy column andDIFEnlarge the volume below the zero axis, pay attention to support and resistance1.2855-1.2434Resistance level, lower support attention1.2100Nearby, looking at the overall downward trend, it is possible to wait for the rebound to end and confirm its effectiveness, and short every high.

      US crude oil: The daily chart shows an upward trend in the volatile range, currently in a correction stage, with prices stepping above the moving average and high and low points continuously moving upwards. The indicatorMACDThe energy column andDIFKeep zooming in and out above the zero axis, and pay attention to the support below48-50Near the integer level, the support below is effective and can buy long on dips.

      Gold against USD: The overall downward trend of the daily chart fluctuates in the range, with indicatorsMACDEnergy column andDIFThey are all below the zero axis, and prices are constantly moving down at high and low points below the moving average. The slope of the moving average is downward, and the resistance above is concerned1308-1270Nearby, can wait for confirmation of the end of the rebound, and the target is close to the support level below the focus range1215Nearby, currently under short-term consolidation, consolidation completed Can be combinedKShort when the line pattern meets the high.

      Risk Reminder

      Today's key focus on financial data and events  2016year10month19day Wednesday  10:00 China Q3GDPthe annual rate 16:30 britain9Monthly unemployment rate, UK9Monthly unemployment benefit applicants, UK8Three months in a monthILOunemployment rate  20:30 U.S.A9Annualized total monthly construction of new homes, USA9Total monthly construction permits   22:00 Bank of Canada announces interest rate resolution and monetary policy report  22:30 From the United States to10month14Day and WeekEIACrude oil inventory  The next day02:00 The Federal Reserve releases a brown book on economic conditions.