INFINOXYino: The sound of pigeons from the Federal Reserve keeps coming The US dollar is in disarray

Fundamental factors

After the two-day policy meeting of the Federal Open Market Committee on Wednesday, it was announced on Thursday（7month27In the early morning of the day2:00Deciding to maintain interest rates unchanged, the monetary policy statement released at the same time expressed a dovish stance, stating that the balance sheet would be reduced "in the near future", but also acknowledging a decline in overall and core inflation rates. The news came out and dealt another heavy blow to the US dollar. The US dollar index plummeted to93.198, create again13A new low of months.

In terms of inflation, the statement has changed its wording regarding inflation, stating that "with..."12The overall inflation rate measured on a monthly basis and the core inflation indicators excluding food and energy prices have both fallen and are below2%”. Describing inflation below2%The word "slightly" has been removed from the language.

In terms of table reduction, the statement stated that it plans to reduce it "relatively quickly"4.5Trillion dollar balance sheet. This is different from beforeFOMCIt is said that the scale will be reduced starting from this year4.5A trillion dollar balance sheet.

Daily market analysis

USD Index

Early this morning, the Federal Reserve announced that its interest rate decision remained unchanged. Although it stated in its monetary policy statement that it would begin the process of normalizing its balance sheet "relatively quickly" (shrinking the balance sheet), it also acknowledged that the overall and core inflation rates had declined, and the overall statement was biased towards a dovish stance. As a result, the US dollar's sharp decline has hit new heights13Month low93.198And there is a possibility of continuing to explore along the trend93.025Or even91.885A frontline possibility. Technically speaking, in this round of strong pressure10Daily (Today94.07）Before the line was broken through, the overall downward trend remained unchanged, and the overall weakness continued. The short-term pressure above followed5The daily chart continues to move downwards93.576frontline.

euro/dollar

Affected by the dovish statement of the Federal Reserve, the weak US dollar experienced another sharp intraday decline13A new low of months, aided by this, Europe and America are exploring again1.162After receiving first-line support, it rebounded again and surged higher1.172High pressure on the front line, highest during trading（1.17399）Within the day or around1.172Repeated competition on the front line, if standing firmly on that line, it means breaking through2015year2The long horizontal rectangle of the month to date is highly likely to lead to a longer period of rebound in the future, and vice versa. Short term support with5Move up the daily line1.168Strong support remains at the forefront1.162。

gold

Under the influence of the statement, the weak US dollar helped gold reverse, ending the short-term correction, turning upwards again and reaching new highs1263.5And there is a possibility of continuing to rise with this trend, so we still need to be cautious of short-term pullbacks brought by profit. Technically speaking, the short-term support below follows5Continue moving up the daily chart1256Strong support is located at10Daily line and66Intersection of lines1248The upper pressure is located at1270Near.

Today's Focus

▶14:00Germany8monthGFKConsumer confidence index

▶14:00Germany6Actual monthly retail sales

▶18:00 britain7monthCBIRetail sales difference

▶20:30 U.S.A6Monthly wholesale inventory rate

▶20:30 U.S.A6Monthly rate of durable goods orders

▶20:30 As of7month22Number of initial claims for unemployment benefits in the current week

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