Industrial Investment: Long Short Crowding Euro Fall Inflation is weak, and the Canadian dollar breaks through and goes down

Industrial Investment: Long Short Crowding Euro Fall Inflation is weak, and the Canadian dollar breaks through and goes down
2016year10month24day
euro/dollar
Last Friday Euro/The US dollar has plummeted for the fourth consecutive day, hitting a seven and a half month low at its lowest point1.0858, completely lost on that day1.09Da Guan. Last Thursday, during the European Central Bank's interest rate resolution, Draghi's speech continued to ferment. Draghi stated that the European Central Bank will still implement its existing bond purchase scale(QE)Until inflation rebounds to2%For reducingQEThe plan was not mentioned at all, which put pressure on the euro. aboutQEThe discussion of the European Central Bank may wait until12We will only discuss the monthly interest rate resolution. In addition, last Friday the European Central Bank released a report by professional testers, showing that analysts have lowered the ECB's inflation and long-term targetsGDPWaiting for an estimate, we will2016Annual inflation expectations are determined by0.3%Down to0.2%;2018yearGDPExpected by1.6%Down to1.5%Implying slow economic recovery in the eurozone. In terms of data, the eurozone10Although the initial value of the monthly consumer confidence index meets expectations-8However, it continues to decline and the data is relatively weak. There are also potential issues in the Eurozone, such as Portugal's rating and Italy's banking industry's bad debt issues. In terms of the US dollar, the expectation of interest rate hikes continues to drive up the US index98Expanding gains above the checkpoint also dragged down the euro. Today's Focus on Eurozone Countries10Monthly manufacturing and service industriesPMIInitial values, etc.
The daily chart is strongly bearish, despite oversold.20DMAfall drastically100and200DMAAccelerated decline, falling below1.0840The downward trend may continue.4The hourly chart shows a significant rebound in technical indicators from oversold, but lacks confirmation of upward momentum.20SMAGoing down to1.0950Nearby, it forms a strong resistance.1The hourly chart continues its previous volatile and downward trend, falling to1.09Below the gate.
Support position:1.0840/1.0800/1.0760
Resistance level:1.0910/1.0950/1.1010
pound/dollar
Affected by the strong US dollar index, the pound/The US dollar continues to hover around31Near the annual low, the lowest point is a one week low1.22Below the front line, closing in1.2221. Last week, British Prime Minister Theresa May(Theresa May)At the first EU summit attended as Prime Minister, European officials did not speak better of the UK than the pound. French President Hollande said that negotiations will be very difficult if Theresa May wants to "force" her exit from Europe. It can be seen that concerns about the UK's "hard Brexit" still have a negative impact on the pound. Last Friday, the UK announced9Shortfall in monthly public sector revenue and expenditure(PSNCR)And net borrowing(PSNB)The data is higher than expected, indicating that the UK government may face greater difficulties in borrowing, putting pressure on the pound. Today you can follow the UK10monthCBIIndustrial trend survey order difference sub item and industrial price expectation difference.
Technically, daily chart displayRSIFailed to break through30After restarting the downward trend, the momentum index has been revised up and is in a bearish area, supporting further decline.4The hourly chart exchange rate is neutral-Bearish signal, the exchange rate is at a level20SMABelow, the technical indicators remain unchanged, but far below the median line.1Hour chart1.2170Nearby supported and slightly rebounded, but still constrained by1.22Gateway.
Support position:1.2170/1.2130/1.2090
Resistance level:1.2245/1.2290/1.2330
dollar/Japanese yen
Last Friday, during trading in Asia, the US dollar/The Japanese yen fluctuated lower due to support from safe haven sentiment. According to a report from the Japan Meteorological Agency, a Richter scale outbreak occurred in central Tottori Prefecture, Japan6.6Earthquakes of magnitude, source depth10Kilometers, there are shocks in many nearby areas. After the news was released, the Japanese stock market quickly fell, reducing market risk appetite. The US dollar/The yen hit an intraday low103.51. Subsequently, Japanese authorities stated that the earthquake did not trigger a tsunami, and the US dollar/The decline of the Japanese yen was brought under control. In addition, last Friday's speech by Bank of Japan Governor Toshiko Kuroda also boosted the yen, stating that given the basic weakness in price growth, the Bank of Japan may postpone the time to achieve its inflation target at this month's interest rate evaluation meeting. As the US dollar index rose to an eight month high under the hawkish speech of Federal Reserve official Dudley, the US dollar/The Japanese yen has also bottomed out and rebounded, slightly recovering some of its previous decline. But it still closed lower on the same day and closed at104Below the Great Pass.
The daily chart shows technical indicators facing south, above the median line, with exchange rates maintained at100Above the daily moving average, i.e102.60Near.4The hourly chart shows a slightly positive relative strength indicator, with technical indicators facing north and located in a positive area,100SMAMaintain a strong upward trend, below the current price, currently at103.30Near.1Although the hourly chart bottoms out and rebounds, it presentsVType rebound, but lack of rebound momentum, still under pressure104frontline.
Support position:103.60/103.30/102.90
Resistance level:104.20/104.60/105.05
dollar/Cad
Last Friday, the inflation data released by the Bank of Canada unexpectedly weakened, showing that Canada9monthCPIAnnual growth rate1.3%Less than expected1.4%;The monthly rate did not meet expectations and only increased0.1%;Monthly decline in retail sales rate0.1%Expected to be0.3%;coreCPIThe monthly and annual rates meet expectations. After the economic contraction caused by Alberta forest fires in the second quarter, retail sales in Canada were weak in the first two months of the third quarter, indicating that the strength of Canada's economic recovery may not be as expected. At the same time, Bank of Canada Governor Boloz also released dovish information, stating that unconventional measures may be taken, such as forward-looking guidance, asset purchases, quantitative easing, and negative interest rates. This statement further exacerbates market concerns about the possibility of easing by the Canadian central bank. dollar/The Canadian dollar suffered a heavy decline as a result, coupled with the rise of the US dollar, further expanding the US dollar/The rise of the Canadian dollar, in the same day's US dollar/The Canadian dollar plummeted by 100 points, reaching a seven month high at its highest point1.3353, received at1.3324For the third consecutive day of weakness. Today you can follow Canada8Monthly wholesale sales rate.
Daily chart on20Further expand the increase above the daily moving average and maintain it at1.33Above the checkpoint, it will continue to strengthen.4The bottom of the oscillating range in the hourly chart1.3050Upward with frontline support and breaking through the top of the recent consolidation range1.3300The first line will accelerate its rise. Hour chart from1.30The upward trend since the first line has remained intact, and the long positions on the moving average are well aligned.
Support position:1.3300/1.3250/1.3200
Resistance level:1.3400/1.3450/1.3500