Crossing the Sea 2017year1month16day

Crossing the Sea 2017year1month16day

Focus this week:
1month17day(Tuesday)
U.S.A1New York Fed Manufacturing Index for the Month
Speech by British Prime Minister Wen Cuishan

1month18day(Wednesday)
U.S.A12Monthly consumer price index(CPI)
U.S.A12Monthly average monthly rate of actual income per week
U.S.A12Monthly industrial production‧Capacity utilization rate
U.S.A12Monthly manufacturing output
United States1monthNAHBHousing market index

1month19day(Thursday)
U.S.A11Monthly overall capital flow
Number of weekly initial claims for unemployment benefits in the United States
U.S.A12Monthly Building Permit‧housing starts
U.S.A1Monthly Philadelphia Federal Reserve Bank Manufacturing Index‧

1month20day(Friday)
Trump officially takes office as the President of the United States



Important economic data released today:
05：45 New Zealand12Monthly Food Price Index‧Previous value-0.1%
07：50 Japan12Monthly commercial price index rate‧Previous value+0.4%
07：50 Japan12Annual rate of monthly commercial price index‧Previous value-2.2%
07：50 Japan11Monthly mechanical order rate‧Previous value+4.1%
07：50 Japan11Annual rate of monthly mechanical orders‧Previous value-5.6%
17：00 Italy12Monthly consumer price index(CPI)Monthly rate final value‧Previous value+0.4%
17：00 Italy12Monthly consumer price index(CPI)Annual rate final value‧Previous value+0.5%
17：00 Italy12Monthly Consumer Price Reconciliation Index(HICP)Monthly rate final value‧Previous value+0.4%
17：00 Italy12Monthly Consumer Price Reconciliation Index(HICP)Annual rate final value‧Previous value+0.5%
18：00 eurozone11Trade balance without seasonal adjustment on a monthly basis‧Previous value201Yiyi surplus



News of the Week

U.S.A11Monthly enterprise inventory increased compared to the previous month0.7%
university of michigan 1The initial value of the monthly US Consumer Status Index is112.5
university of michigan 1The initial value of the monthly US Consumer Confidence Index is98.1
university of michigan 1The initial value of the monthly US Consumer Expectations Index is88.9
U.S.A12Monthly final demandPPIUp from the previous month0.3%, up from the same period last year1.6%
U.S.A12Monthly deduction of final demand for food and energyPPIUp from the previous month0.2%
U.S.A12Monthly final demandPPIIncrease compared to the same period last year1.6%
U.S.A12Monthly deduction of final demand for food, energy, and tradePPIUp from the previous month0.1%
U.S.A12Monthly deduction of final demand for food, energy, and tradePPIIncrease compared to the same period last year1.7%
U.S.A12Monthly deduction of retail sales of automobiles increased compared to the previous month0.2%
U.S.A12Monthly retail sales increased compared to the previous month0.6%



1month13day
LondongoldMorning order price:1196.35
London gold afternoon fixing price:1190.35



Today's Introduction

The uncertainty of Trump's economic plan damages the US dollar

There is little new information on the economic policies of US President elect Trump, which has made market participants increasingly uneasy and led to a decline in the US dollar index, setting a new record11The worst week since the beginning of the month. The positive impact of Trump's election as President of the United States on the market is fading, and Trump did not provide details on the fiscal stimulus plan to expand infrastructure spending and reduce taxes at his first press conference after his election on Wednesday, which disappointed stock and dollar bulls.1month20Trump will take office. The strong economic data released last Friday slightly eased the decline in the US dollar. In addition, the good performance of several US banks boosted S&P500The index closed higher, and the Nasdaq index broke a record high. Monday will be the Martin Luther King Jr. Memorial Day holiday in the United States.

According to American productsfuturesTrading Committee(CFTC)Data and Reuters calculations, as of1month10During the current week, the net long position in the US dollar decreased to249.5Billion US dollars, from the previous week254.3USD100mn The surge triggered by Trump's election as US President two months ago has led to excessive US dollar holdings, prompting investors to make a pullback. Euro net short position reduced to65,823Mouth, for6The lowest level since the end of the month. However, the outlook for the euro is still less optimistic than that of the US dollar. The European Central Bank is still implementing large-scale quantitative easing, and Europe still faces significant political risks. This week is crucial for the euro, as the European Central Bank will hold a meeting and President Draghi will hold a press conference. According to the minutes of the European Central Bank meeting,12The decision to extend quantitative easing until the end of the year at the monthly meeting has been opposed by some members.

Trump is set to officially take office this Friday, after threatening to impose retaliatory tariffs on China, build walls along the Mexican border, and tear up the North American Free Trade Agreement(NAFTA). Additionally, at the Federal Reserve2month1Before the meeting, some Federal Reserve officials will give speeches, which may convey positive messages. US inflation, industrial production, and housing starts data are expected to show an improvement in the economy, giving the Federal Reserve a chance to12After the monthly interest rate hike, there is room for further interest rate hikes this year. Federal Open Market Committee of the United States(FOMC)Material in2017Raising interest rates twice a year, and recent comments from decision-makers suggest that it is also possible to raise interest rates three times.



XAU London Gold - Unclear policy outlook in the United States, high volatility in gold prices

Federal Reserve Board of the United States(FED)Chairman Yellen did not comment on the US economic outlook or monetary policy in his speech prepared for teachers last Thursday. She stated in a meeting with educators that the US economy is performing well, there are no major obstacles in the short term, and the labor market appears to be quite strong. And other officials with voting rights at the Federal Reserve also gave speeches last Thursday, providing further guidance on the Fed's interest rate hike path this year. Philadelphia Fed Chairman Huck reiterated his support for2017Moderate interest rate hikes three times a year, but more data is needed to determine the timing of the next rate hike. He believes that the economy can withstand slow and gradual interest rate hikes. When talking about Trump's fiscal stimulus, he said he did not see enough certainty to include fiscal policy in the model; When there is a high likelihood of Congress passing fiscal policy, the expectation of fiscal policy will be considered in the expectation of interest rate hikes. Dallas Fed Chairman Kaplan said,12Monthly made2017Annual interest rate hike3The expected outcome is similar to its viewpoint. Chicago Fed Chairman Evans said that based on the expected median, it is expected that the Fed may raise interest rates this year3Secondary;The US neutral interest rate may remain at3%about 。

Due to the decline of the US dollar, US bond yields have fallen from their high levels, and gold prices recorded their third consecutive week of gains last week. The price of gold varies from12The low point reached in mid month has risen6.5%. The lack of new information on US President elect Trump's economic policies has made market participants increasingly uneasy, leading to a decline in the US dollar index last week, hitting a new low11The worst week since the beginning of the month. The US dollar index touched on Thursday12month8The lowest in recent days100.72. The gold price reached last Thursday11month23The highest level in recent days, touching1206.98US dollars. Investors are looking forward to Trump1month20In his inauguration speech, he will once again examine the details of his US economic plan. In addition, this week there will also be interest rate resolutions from the European Central Bank and the Bank of Canada, and the Federal Reserve will release a brown book on economic conditions, which can provide a glimpse into the global economic situation and speculate on future monetary policy differences. In terms of data, multiple countries in Europe and America will release inflation data, which will demonstrate whether there has been progress in addressing the difficult issues faced by global central banks.

As seen in the technical chart,10Tianhe25The Tianping moving average has shown a golden cross, indicating that the gold price median will be in an upward trend. However, in recent days, the relative strength indicators and random indices have been high in the overbought area, so caution should be taken against short-term consolidation. The following support estimates are on the upward trend line1192Next level can be seen in1174To the extent that1165US dollars. In terms of upward resistance, if calculated based on the cumulative decline in the past two months,38.2and50%The rebound levels will be observed separately1204and1230USD,61.8%Will reach1255Horizontal.

London Gold2017year1month16 – 20Daily predicted wave amplitude
Resistance level:1216 – 1229 – 1246 – 1265
Support bit:1192 – 1179 – 1157 – 1122

London Gold2017year1month16day
Predicting early wave amplitude:1181 – 1210
Resistance level:1223 – 1239 – 1255
Support bit:1168 – 1157 – 1144

SPDR Gold TrustGold holdings:
12month12Day - 856.26ton
12month13Day - 856.26ton
12month14Day - 849.44ton
12month15Day - 842.33ton
12month16Day - 836.99ton
12month19Day - 828.10ton
12month20Day - 828.10ton
12month21Day - 824.54ton
12month22Day - 824.54ton
12month27Day - 823.36ton
12month28Day - 823.36ton
12month29Day - 823.36ton
12month30Day - 822.17ton
2017year1month3Day - 813.87ton
2017year1month4Day - 813.87ton
2017year1month5Day - 813.59ton
2017year1month6Day - 813.59ton
2017year1month9Day - 805.00ton
2017year1month10Day - 805.00ton
2017year1month11Day - 805.00ton
2017year1month12Day - 805.00ton
2017year1month13Day - 807.96ton

2Maturity date of monthly gold futures:2month24day
2Monthly goldoptionDue date:1month26day

Global Official Gold Reserve:
(Source: World Gold Council(WGC), updated on2016year12month8day)

Global:33181.3ton(+88.9ton)
U.S.A(1)：8133.5ton
Germany(2)：3377.9ton
IMF(3)：2814.0ton
Italy(4)：2451.8ton
France(5)：2435.8ton
China(6)：1842.6ton(+4.1ton)
Russia(7)：1583.1ton(+40.4ton)
Switzerland(8)：1040.0ton
Japan(9)：765.2ton
Netherlands(10)：612.5ton

European Central Bank(12)：504.8ton
britain(17)：310.3ton
Hong Kong(92)：2.1ton



XAG London Silver - High range consolidation

In terms of silver in London, since2011The annual silver price has experienced a long decline, reaching a historic high49.51The US dollar fell to2015Annual low13.60US dollars. stay2016In the year, silver regained stability and briefly7Monthly increase to21.11The US dollar, but subsequently, with the simultaneous rise of interest rates and the US dollar, silver prices plummeted,12Monthly low sighting15.59The US dollar, with silver prices continuing to rise in recent months, is currently a key factor to consider100Tianping moving average, last year11The upward trend in the first half of the month is also constrained by100Antenna, currently in operation17.56US dollars; Additionally, a set of extensions from last year7The large downward trend line of the month is located at18.29The US dollar is believed to break through these two zones in order to break free from the weak development of the past six months. Afterwards, the estimated resistance will be19USD is the gold ratio61.8%The rebound level. On the other hand, the support below is expected to be in the25Balance moving average16.29and15.60The US dollar, with greater support pointing towards15.00The US dollar barrier.

London Silver2017year1month16 – 20Daily predicted wave amplitude:
Resistance level:17.40 – 18.00 – 18.70 – 19.30
Support bit:16.00 – 15.40 – 15.00 – 14.40

London Silver2017year1month16day
Predicting early wave amplitude:16.40 – 17.10
Resistance level:17.40 – 18.00
Support bit:16.10 – 15.40

iShares Silver TrustSilver holdings:
12month12Day - 10664.32ton
12month13Day - 10608.28ton
12month14Day - 10608.28ton
12month15Day - 10534.54ton
12month16Day - 10575.83ton
12month19Day - 10575.83ton
12month20Day - 10552.24ton
12month21Day - 10552.24ton
12month22Day - 10581.73ton
12month27Day - 10617.12ton
12month28Day - 10617.12ton
12month29Day - 10617.12ton
12month30Day - 10617.12ton
2017year1month3Day - 10617.12ton
2017year1month4Day - 10612.51ton
2017year1month5Day - 10612.51ton
2017year1month6Day - 10612.51ton
2017year1month9Day - 10612.51ton
2017year1month10Day - 10612.51ton
2017year1month11Day - 10524.06ton
2017year1month12Day - 10524.06ton
2017year1month13Day - 10524.06ton



EUR euro - Under overbought pressure, eyeing this week's interest rate discussion

Canadian credit rating agenciesDBRSOn Friday, Italy's sovereign credit rating was downgraded byA(low)lowerBBB(high )This may lead to higher financing costs for already struggling Italian banks.DBRSOriginally the only one to give to ItalyAThe main rating agencies for rating.DBRSThe decision to downgrade the rating reflects uncertainty about Italy's ability to pass reforms, sustained weakness in the banking system, and fragile economic growth.DBRSTo ItalyBBB(high)The outlook for rating is stable. After this downgrade, Italian banks will have to pay more fees when borrowing from the European Central Bank using their own sovereign bonds as collateral. This may also reduce the attractiveness of Italian bonds to foreign buyers. The rating given to Italy by Standard&Poor's isBBB-Moody'sBBB+Fitch RatingsBaa2。

The European Central Bank will hold a policy meeting this Thursday and it is unlikely to make any policy adjustments. Recent data suggests that the eurozone economy2016The year ended strongly, and last month the European Central Bank unexpectedly announced that it will start from4Starting from the month, the monthly bond purchase scale will decrease to600Billion euros. However12The rebound in monthly prices has raised calls for the European Central Bank to reduce its bond purchases, especially in Germany. Many Germans believe that low interest rates erode their savings, promote the real estate foam, and inflation is close to the European Central Bank, slightly lower than2%The goal is to. However, after the UK referendum on Brexit and Trump's election as US President, the protectionist atmosphere increased. The election results of some European countries this year may have far-reaching political implications and even threaten the eurozone. This may temporarily make it difficult for the European Central Bank to take action. At a press conference after the European Central Bank announced its interest rate decision, Central Bank President Draghi may also be asked about the issue of emails being hacked during his tenure as President of the Bank of Italy. It is not yet clear to what extent hackers have attacked. However, the potential leakage of sensitive information such as monetary policy and Greece's emergency measures will be a concern. European Central Bank officials are increasingly concerned that Trump's victory in the US election may harm foreign trade with the US, fuel populism, and hit the eurozone economy. Officials have emphasized both publicly and privately that the US's approach to trade protectionism may harm the already fragile eurozone economy and fuel strong reactions to globalization and the euro plan. Trump's press conference last Wednesday did not reveal any new policy information, but his protectionist remarks have made many investors unwilling to establish high-risk positions.

according toCommodity Futures Trading Commission of the United States(CFTC) Data and Reuters calculations, as of1month10During the current week, the net long position in the US dollar decreased to249.5Billion US dollars, from the previous week254.3USD100mn The surge triggered by Trump's election as US President two months ago has led to excessive US dollar holdings, prompting investors to make a pullback. Euro net short position reduced to65,823Mouth, for6The lowest level since the end of the month.

The euro against the US dollar has continued to rise since the beginning of the year and saw a rise last Thursday1.0684One month high. However, this year's elections will be held in Germany, France, the Netherlands, and possibly Italy, which will increase political uncertainty and limit the extent of the euro's recovery. In terms of technological trends, the estimated resistance is1.08and1.0870For materials with high resistance1.10Horizontal. Due to the high position of relative strength indicators and random indices in the overbought area, there is an increased risk of short-term pullback. The lower support will look back50Balance moving average1.06and1.0360Furthermore, it can be seen that1.0250Horizontal.

Focus:
Monday: Italy12monthCPIFinal value‧HICPFinal value‧eurozone11Monthly trade balance
Tuesday: France12Monthly budget balance‧Italy11Monthly trade balance with the European Union‧Global trade balance‧Germany1monthZEWEconomic Sentiment Index‧ZEWCurrent situation index
Wednesday: Germany12monthHICPFinal value‧CPIFinal value‧eurozone12monthHICPFinal value‧Deducting food and energy expensesHICPFinal value‧
Thursday: Eurozone11Monthly current account‧direct investment/Net inflow of securities investment‧European Central Bank interest rate resolution
Friday: Germany12monthPPI

Related news
DBRSLowering Italy's sovereign rating may increase financing costs for the banking industry

Estimated wave amplitude:
resistance 1.0620 – 1.0800
support 1.0500 – 1.0360 – 1.0250 – 1.0000*



JPY yen - Trump's First Press Conference Disappoints Dollar Bulls

Market focus this week, Trump is set to officially take office on Friday. Prior to this, he threatened to impose retaliatory tariffs on China, build walls along the Mexican border, and tear them downNorth American Free Trade Agreement(NAFTA). Additionally, at the Federal Reserve2month1Before the meeting, some Federal Reserve officials will give speeches, which may convey positive messages. US inflation, industrial production, and housing starts data are expected to show an improvement in the economy, giving the Federal Reserve a chance to12After the monthly interest rate hike, there is room for further interest rate hikes this year.Federal Open Market Committee of the United States(FOMC) Material in2017Raising interest rates twice a year, and recent comments from decision-makers suggest that it is also possible to raise interest rates three times.

As shown in the chart trend, the relative strength indicators and random indices have fallen into the oversold area. It is estimated that after the recent consolidation market, the US dollar is expected to restart its upward trend, and the trend of the US dollar against the Japanese yen is gradually rising120Gateway,120It has been widely regarded by market participants as an important level for continued upward movement. If crossing this zone, it may trigger more follow-up buying in the US dollar. Further targets will first refer to the high point at the end of January this year121.68Afterwards, there will be2015Unbreakable in the fourth quarter of the year123.50The level, and the important mid-term goals are expected to be125Level, in2007Year and2015Years have touched higher than124.16and125.85. The current resistance estimate is within25Balance moving average116.60. The support position will be reviewed first50Balance moving average113.80Horizontal, with larger supporting materials112Horizontal, this is the golden ratio38.2%The callback level.

Focus:
1month16day(one): Japan12Monthly Commercial Price Index‧Japan11Monthly machinery orders
1month17day(two): Japan11Monthly industrial production revision‧Capacity utilization index monthly rate
1month19day(four)Japan invested in overseas bonds two weeks ago‧Last week, foreign investment in Japanese stocks
1month20day(five): Japan1Monthly Reuters Short term Manufacturing Prosperity Index

Related news
Japan as of12At the end of the monthforeign exchangeReserve decreases1.217Trillion US dollars
Central Bank Survey: Household Inflation Expectations Hit a Four Year Low

Estimated wave amplitude:
resistance 116.60 – 120.00* – 121.68 – 123.50*
support 113.80 – 112.00



GBP pound - Political tension dealt a heavy blow to the pound

britain6The unexpected referendum in the month decided to Brexit, suppressing the sharp drop in the pound. Although the economy has been better than expected so far, the inflation data to be released on Monday may indicate,12Monthly prices have skyrocketed as imported goods have become more expensive. British Prime Minister Theresa Wong has stated that she will3Trigger before the end of the month50Clause, initiate formal procedures for exiting the European Union. Many people believe that she will take a tough stance on immigration, at the cost of UK market access in the eurozone, and affect trade. Wen Cuishan will give a speech on Tuesday to establish the government's stance on Brexit. If she does show a shift away from the soft Brexit route, the pound is expected to further decline.

Last week, the pound was on the defensive due to the UK Prime Minister's suggestion in an interview that immigration control would be given higher priority in Brexit negotiations than EU single market access. GBP/USD hit a three-month low last Wednesday1.2038. GBP/USD since last year6Since the monthly referendum on Brexit, there has been a cumulative decline of nearly20%In the past six weeks, it has recorded its fifth weekly decline.

In terms of technical trends, it is estimated that the GBP/USD will continue to be weak in the short term, and upward resistance is expected to be50Balance moving average1.2430Last week, the exchange rate was restricted for two consecutive days50Antenna, if there is significant resistance, it is expected to be1.25Horizontal. Key estimates100Balance moving average1.2590Level, last year12In the first half of the month, the exchange rate failed to break through this area and extended its decline for more than three weeks. Therefore, the exchange rate needs to break through this area in order to have a tendency to break free from weakness. As for the current trial support, it will be eye-catching compared to last year10month25Daily low1.2081To the extent that1.20At the checkpoint, further exploration of supporting materials is needed1.18Horizontal.

Focus:
Tuesday: UK12monthCPI&#8231PI‧RPI
Wednesday: UK12Monthly unemployment benefit application rate‧UK as of11According to the three months of the monthILOStandard calculated unemployment rate‧Average weekly salary income in the UK
Thursday: UK12monthRICSPrice difference
Friday: UK12Monthly retail sales‧Retail sales excluding energy

Estimated wave amplitude:
resistance 1.2430 – 1.2500 – 1.2600*
support 1.2080 – 1.2000* – 1.1800



CHF Swiss franc - Technical oversold

Vice President of the Swiss Central Bank, Zulbrook(Fritz Zurbruegg)In an interview with the Sunday edition of the New Zurich newspaper, it was stated that negative interest rates remain an important link in the Swiss central bank's monetary policy to prevent excessive appreciation of the Swiss franc. Zuckerberg stated that intervening in the foreign exchange market is an indispensable part of the Swiss central bank's efforts to combat the appreciation of the Swiss franc, although the central bank will not disclose any details of its intervention. The Swiss central bank's foreign exchange reserves rose to approximately6,450Billion Swiss francs, equivalent to the size of the Swiss economy. But Zuckerberg stated that the Swiss central bank is not under pressure to reduce foreign exchange reserves.

The trend of the US dollar against the Swiss franc has recently been in a narrow range of sideways trading, and the multi day low also coincides with50The moving average is like last Thursday and Friday. The relative strength index and random index have both fallen into oversold areas, indicating that the US dollar is likely to rebound in the short term. at present50The balance moving average is at1.01Level, considered as a reference for closer support, greater support will still focus on last year12At the beginning of the month, there was no permission to break through1.00Pass, reference for the next level250Balance moving average0.9840Horizontal. Attention should be paid to the resistance in the near market1.0350Further, we will see that1.04and1.05Horizontal.

Related news
Vice President of the Swiss Central Bank: Negative interest rates are a key link in monetary policy

Focus:
Thursday: Switzerland12Monthly Producer/Import prices        

Estimated wave amplitude:
resistance 1.0350 – 1.0400 – 1.0500
support 1.0100 – 1.0000* – 0.9840



AUD AUD - End of sideways rise

So far this year, the Australian dollar has performed the best among major currencies, with the Australian dollar rising nearly against the US dollar4%to0.75Above the US dollar. Related to12At the end of the month, it was a magnificent turn around compared to the Australian dollar12Moon once touched0.7160The seven month low of the US dollar was driven by bets from various sectors that President elect Trump's policies will drive up US inflation, thereby driving the dollar higher. Due to Trump's recent press conference not mentioning the details of stimulus policies, this type of transaction related to the US stimulus economy has cooled down. At the same time, economic data in Asia and Europe has significantly improved, injecting new vitality into the prices of Australia's main resource export products. The current iron ore price is close to a two-year high, thermal coal price is close to a three-year and a half high, and coking coal price reached its highest level in five years last month.

In terms of technical trends, the Australian dollar has experienced12After the sideways consolidation in the second half of the month, this year started with a high rise. If calculated based on the cumulative decline in the past two months, 50%The rebound level will be0.7470Expand to61.8%by0.7540. Estimating significant resistance in0.76and250Monthly average line0.7710Horizontal. The supporting materials below are0.74and25Balance moving average0.73Furthermore, attention will still be focused on last year5month24The low point of the day0.7145Horizontal.

Focus:
1month17day(two): Australia12Monthly sales rate of new cars‧Australia11Monthly housing financing‧Investment oriented housing financing
1month19day(four): Australia12Monthly Employment Number‧Number of full-time employees‧Employment participation rate‧unemployment rate

Estimated wave amplitude:
resistance 0.7470 – 0.7540 – 0.7600 – 0.7710
support 0.7400 – 0.7300 – 0.7145



NZD New Zealand dollars - Bottoming out and rebounding

New Zealand Prime Minister English has stated that New Zealand will seek to reach a trade agreement with the UK as soon as possible after the UK exits the EU.

Regarding the technical trend of the New Zealand dollar against the US dollar, let's take a look at the estimated upward resistance first200Balance moving average0.7080The next key material is0.7250and0.74Horizontal. The relative strength index and random index have both fallen from the overbought area, and the short-term exchange rate is expected to continue to decline. The support level is estimated to be0.68Greater support will continue until last year5The low point at the end of the month0.6676To the extent that0.65Horizontal.        

Focus:
Monday: New Zealand12Monthly Food Price Index
Tuesday: New Zealand Season 4NZIERBusiness confidence index‧NZIERCapacity utilization rate
Thursday: New Zealand12Monthly manufacturing industryPMI‧New Zealand11Monthly Building Permit

Estimated wave amplitude:
resistance 0.7080 – 0.7250 – 0.7400
support 0.6800 – 0.6676 – 0.6500



CAD Cad - The fourth quarter survey by the central bank shows an increase in corporate confidence

In terms of USD/CAD, in terms of position, support in the near future will still be referred to first200Balance moving average1.3090and1.30Pass, the next level is visible1.28. Estimated resistance at1.34Next level can be seen in1.3600and1.3750Horizontal.

Focus:
1month18day(three)Bank of Canada interest rate decision
1month19day(four): Canada11Monthly manufacturing sales rate
1month20day(five): Canada12monthCPI‧Central Bank CoreCPI‧Canada11Monthly retail sales‧Deducting the monthly retail sales rate of automobiles

Related news
Canada12The annual rate of housing construction adjusted by the menstrual season has increased20.710000 households

Estimated wave amplitude:
resistance 1.3400 – 1.3600 – 1.3750
support 1.3090 – 1.3000 – 1.2800





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Emperor Financial Group Zongheng Huihai Analysis Department

(The above column content is the author's personal professional opinions and is sincerely for readers' reference; I would like to remind readers that financial market volatility is unpredictable and they must be cautious of risks)