Banda Asia: Hard Brexit Worries Stimulate Risk aversion On the Golden Station1200the highest level

US President elect Trump said in an interview with British media last Sunday that Brexit would be a "great thing" and other countries would follow suit. The Prime Minister's Office issued a statement on Sunday stating that Prime Minister Theresa May will deliver an important speech on Brexit in London this Tuesday, calling on the British people to put aside the opposition from last year's referendum and unite for a more open vision of the UK. According to British media estimates, Theresa May's speech on Tuesday will indicate her willingness to abandon the EU's single market for goods and services in order to regain control of the UK's borders and laws, thereby implying her plan to implement a "hard Brexit". US President elect Trump stated that "Brexit will ultimately become a great thing." He also stated that he will provide Britain with a fair trade deal and strive to reach this trade agreement "quickly and appropriately," which is beneficial for both countries. On the other hand, when talking about Russia on Sunday, Trump stated that he will propose ending sanctions against Russia in exchange for demanding that Russian President Putin reduce nuclear weapons.


In addition, the Monetary Policy Committee of the Bank of England(MPC)Commissioner Sanders stated last Friday that employment market data may become one of the key guiding data for adjusting interest rates. Sanders stated that a lower unemployment rate will not trigger a salary increase; The recent salary weakness is due to slower productivity growth and still low inflation. The trend of slow salary growth partially reflects the situation of structural reform. Sanders stated that unless there is evidence of salary increases or long-term inflation expectations, it should not be set5%The unemployment rate target. Sanders stated that the monetary policy committee's goal is inflation rather than unemployment, but employment remains an important indicator. The recent UK economic growth has exceeded expectations, and the decline in the pound is expected to drive up inflation rates2%。

There is not much data to focus on today, only the eurozone11Rose adjusted trade account and Canada12The monthly sales rate of completed houses is worth paying attention to.

gold/dollar

Last Friday, gold fluctuated upwards, with a slight daily increase. Apart from the weakening of the US dollar index, which continued to ferment under the pressure of Trump's disappointing press conference, providing strong support for gold, goldETFThe increase in holdings and the seasonal increase in physical demand for gold also provide strong support for gold. However, the overall good performance of a series of economic data released by the United States during the period has limited the upward space for gold. In the early morning session of the Asian market, gold opened higher and rose higher due to rising concerns about the UK's hard Brexit, with spot exchange prices trading at1203Nearby. Follow Today1210Nearby pressure situation, supported below1195Near.

AUD/dollar

Last Friday, the Australian dollar fluctuated upwards, with a slight daily gain. The weakening of the US dollar index under continuous pressure from the uncertainty of Trump's new policy is the main reason supporting the rise of the Australian dollar. However, the overall good performance of the US economic data during the period and0.7500The technical selling market formed by the checkpoint limits the upward space of the exchange rate. In the early trading session of the Asian market, the Australian dollar fluctuated downward, and the current exchange rate was traded at0.7470Nearby. The rising concerns about Brexit in the UK have led to a rise in market risk aversion, which has put some pressure on the commodity currency, the Australian dollar. Follow Today0.7550Nearby pressure situation, supported below0.7400Near.

dollar/Cad

Last Friday USD/The Canadian dollar fluctuates and consolidates in1.3100Above the checkpoint, the daily trend slightly declined, with spot exchange prices trading at1.3140Nearby. The weakening of the US dollar index under the uncertainty of Trump's new policy is the main reason for the downward pressure on the exchange rate. However, the overall good performance of the US economic data during the period andcrude oilThe price varies among tradersOPECThe weakening under the pressure of doubts about the reduction in production has limited the downward space of the exchange rate. Follow Today1.3250Nearby pressure situation, supported below1.3050Near.