Banda Asia: Beautiful data heating up, tightening expectations dollar/The Canadian dollar has experienced a significant decline

US President Donald Trump was in Iowa yesterdayCedar RapidsAt the rally, it was announced that he will seek legislation to prohibit immigrants from enjoying welfare benefits for five years after entering the United States. but according to1996The welfare laws of the year have long excluded new immigrants from most welfare programs. Trump said, "I believe it's time to establish new immigration rules. Those immigrants who demand to enter our country must be able to be self reliant and should not use welfare within five years." His speech received thunderous applause. He added that legislation will be enacted as soon as possible. It is currently unclear whether this legislation will depart from current policies. 1996The law signed by President Clinton in 2015 has banned most immigrants from accessing federal programs such as social security and food stamps within five years of arrival in the United States. However, eligibility to participate in local welfare programs is usually determined by the state government. Some immigrants are exempt from the five-year restriction, including children, refugees, political refugees, US military personnel, and their families. Illegal immigrants and temporary foreign residents holding non immigrant visas are also prohibited from using welfare.



In addition, EU Council President Tusk stated yesterday that even though Brexit negotiations have begun, he still holds hope that Brexit can be reversed. He said in his speech, "Some of my British friends asked me if Brexit could be reversed, and if I had ever imagined the consequences of Britain remaining in the EU. I told them that the EU was actually built on dreams that were once considered impossible, so who knows You may say I am a dreamer, but I am not the only one. "EU leaders gathered in Brussels for a two-day summit, which will include addressing counter-terrorism issues, closer defense cooperation, and confirming that anti EU sentiment and support for populist parties are dissipating, in addition to Brexit. Before the summit began, Tusk stated in the invitation letter that after a series of elections that defeated anti immigrant parties, especially after the French election, the EU is "slowly turning the corner". He wrote, "We are witnessing the EU's return as a solution, not a problem As we know, the Brexit negotiations began three days ago. This is an exceptionally difficult process. And the EU is ready. We will hear vastly different predictions about the outcome of the negotiations: a hard Brexit, a soft Brexit, or no agreement, "Tusk said.

The data that needs to be monitored today is the first quarter of FranceGDPAnnual final value, Eurozone6monthMarkitmanufacturingPMIInitial value, Canada5monthCPIAnnual rate, United States6monthMarkitmanufacturingPMIInitial value and the United States5Annual total sales of new homes after seasonal adjustment. In addition, the speeches made by European Central Bank President Draghi and Federal Reserve official Bullard on the same day also need attention.

gold/dollar

Gold fluctuated upwards yesterday, with a slight increase in the daily chart. The current exchange rate is trading at1252Nearby. In addition to short covering providing some support for the exchange rate, the stability of the US dollar index also provides some support for gold. In addition,crude oilThe intraday price weakness and the risk aversion triggered by Trump's regulatory lawsuit are also important factors supporting the rebound of gold. However, the expectation of interest rate hikes by the Federal Reserve this year has limited the rebound space of gold. Today's Focus1260Nearby pressure situation, supported below1245Near.

AUD/dollar

The Australian dollar fluctuated downwards yesterday, with a slight decline in the daily chart. The current exchange rate is trading at0.7550Nearby. The softening of commodity iron ore prices is the main reason for the sustained downward pressure on the commodity currency Australian dollar. In addition, the expectation of interest rate hikes by the Federal Reserve this year continues to exert pressure on the Australian dollar. However, the stability of the US dollar index has limited the downward space of the Australian dollar. Today's Focus0.7650The pressure situation nearby, there are children below0.7450Near.

dollar/Cad

dollar/The Canadian dollar fell sharply yesterday, approaching1.3200Gateway, spot exchange rate trading at1.3220Nearby. The retail sales data released by Canada during the period was better than expected, indicating that the Canadian economy is recovering. The expected tightening of monetary policy by the Bank of Canada is the main reason for the pressure on the exchange rate to decline. In addition, the rebound and rise in crude oil prices have also exerted some pressure on the exchange rate. Today's Focus1.3300The pressure situation nearby, there are children below1.3150Near.