Yituo Finance-The US dollar is full of momentum, while the euro is showing signs of fatigue20161024

The overall market pattern in the just concluded week is clear, with the US dollar strengthening and the euro weakening as the main trend. The fundamental environment supports the strengthening of the US dollar. The risk appetite or risk aversion caused by the US election will benefit the US dollar, the near data of interest rate increase will be awesome, and inflation will rebound; The trend of the weakening structure of the euro is clearer, approaching next year3The loose policy expires in the month, and at this stage, it is expected to be hyped upgoldDuring this period, regardless of whether the easing policy is extended or the scale of easing is increased or decreased, it is bearish for the euro in the face of recent economic risk events in Europe.
Against the backdrop of the strengthening of the US dollar, the Chinese yuan has also begun to accelerate its depreciation trend9The month has already doubled, emphasizing that this trend will continue at least until the depreciation of the renminbi6.83Nearby, there is a high probability of further upward depreciation after a brief adjustment.

There won't be many important data and events for the next week, except for regular data, with a focus on Friday's third quarter in the United StatesGDPThe initial data of annualized quarterly rates has a direct impact on the expectation of interest rate hikes. The new period'sGDPThe data is very close to the statistical period and has a significant impact on the market. Third quarter on FridayPCEPrice index data is also quite important, focusing on whether inflation continues to rise provides direct support for interest rate hikes.

Technical trend analysis,USD IndexThe weekly structure shows a clear upward trend, breaking through key resistance97.5Afterwards, the goal is to directly target100There is no suspense about accelerating the upward trend this week, and the Bollinger Band's exposure supports the bullish trend, with backtesting97.5Important support can choose to enter the market and go long.

The euro closed at a weekly low against the US dollar, with Bollinger exposure. At the beginning of the week, it continued to decline due to inertia, and the short-term target level in the future will fall below the equidistant downward channel1.07Interval. In terms of operation, it is sufficient to short the short-term resistance level through backtesting, and the entry point at the beginning of the week can be selected1.0890Frontline, fixed stop loss control risk.

The daily structure of GBP/USD is affected by the strengthening of the US dollar in the short term, and the bearish trend remains. Below1.20The probability of integer bit testing is high, backtesting10Short the daily moving average and control the risk with a fixed stop loss.

The weekly structure trend of the US dollar against the Japanese yen is clear, driven by the strengthening of the US dollar and rising upwards106.3The probability of resistance is high and can be measured back5Take a long position on the weekly moving average.

The weekly structure of the US dollar against the Canadian dollar strengthened, breaking through38.2%Percentile, short-term operation opportunity appears, can backtrack the high point of the platform ahead1.3290Going long,1.3240Stop loss, look up50%Quantile1.3580。

Yituo Finance   Chen Yunbo
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