Industrial Investment: The US dollar continues to decline due to data pressure Japanese yen gains from safe haven funds, driving up gains

Industrial Investment: The US dollar continues to decline due to data pressure Japanese yen gains from safe haven funds, driving up gains
2017year7month31day
euro/dollar
The euro has hit a low point since the previous trading day1.1650Front line oscillation rising, retesting1.1760Near the high point, the physical bullish line is included, and the overall upward trend is maintained well. US data shows that in the second quarter of the USGDPRebounded from a three-year low to2.6%, but still lower than expected2.7%，PCEAnnual growth rate of price index0.9%, better than expected0.7%Quarterly growth rate2.8%, lower than expected2.9%But the employment cost index has hit2015New low since the second quarter of this year0.5%The market is concerned that consumer spending will slow down again in the third quarter. The weak economic data has made the market cautious about the prospect of the Federal Reserve tightening monetary policy, and the monetary policy gap between the United States and other major central banks continues to narrow, putting continued pressure on the US dollar. Follow the Eurozone within the day7If the monthly inflation data is strong, the euro is expected to break through last week's high.
The daily chart is above the upward moving average system, and although the upward trend in the short term remains intact, last week's high point1.1775There is resistance on the front line, which may limit the increase.4The hourly chart stabilized and then rose again, but did not reach a new high. Hour chart on1.1650Front line search for support for a volatile upward trend, but at the top high1.1775There is obvious resistance below, beware of a pullback. Suggestions for the day1.1690Go long above and seek1.1780Short selling opportunities on the front line.
Support position:1.1715 1.1670 1.1620
Resistance level:1.1780 1.1810 1.1845
pound/dollar
The news related to the UK is light, and the trend of the pound is mainly driven by the US dollar, with the exchange rate at1.3050The upper part stabilizes and fluctuates higher, approaching the previous high point1.3160On the front line, the overall upward trend remains intact, but in the short term, caution is needed for a pullback. This week, the Bank of England will announce its interest rate decision, and the recent decline in inflation in the UK may lower market expectations for the Bank of England to release a rate hike signal, or suppress the upward momentum of the pound. The UK inflation report hearing within the day may affect the trend of the pound.
The daily chart is located above the upward moving average, and the overall upward momentum remains intact, but the top high1.3160There may be resistance on the front line, limiting the exchange rate increase.4Hour chart on1.3050Stabilizing the front line and quickly raising the near high level before retesting, pay attention to whether this level can break through. The hourly chart shows a strong upward trend, with limited short-term correction and the possibility of expanding the increase. Suggestions for the day1.3100Going long on the front line and paying attention1.3160Nearby performance.
Support position:1.3100 1.3060 1.3020
Resistance level:1.3160 1.3200 1.3250
dollar/Japanese yen
The exchange rate was suppressed by weak data from the United States, and it briefly fell110.83But it did not further decline, and then continued to fluctuate and fall below110.60The low point continued to decline in the morning session of today's Asian market, mainly due to North Korea's second "Mars" event in the late night-14”The test launch of intercontinental ballistic missiles has triggered a risk aversion sentiment in the market. Over the weekend, in addition to practicing missile defense systems, the United States also dispatched two strategic bombers to fly over the Korean Peninsula in response to North Korea's provocation. However, safe haven sentiment is unlikely to provide sustained support for the yen, and the main trend of the exchange rate will still be influenced by the outlook of monetary policy.
Sunchart Breakthrough110.60The random indicator shows further downward space.4The hourly chart fluctuated and fell, while the downward trend remained intact. Hour chart on111.00After sorting out on the front line, it broke through downwards and fell again, but there is still no sign of stabilization at present. Suggestions for the day110.60Short on the front line, take a look first110.20。
Support position:110.20 110.00 109.65
Resistance level:111.60 110.90 111.25
AUD/dollar
The exchange rate once dropped0.7935Europe stabilized and rebounded in midday trading, and rose to0.8000Frontline, but lacking follow-up, retesting again0.7950Frontline, slightly weak among major currencies. The Australian dollar has been rising for three consecutive weeks, showing signs of stagnant upward momentum last week. The market is concerned that the Reserve Bank of Australia will issue a warning on the strength of the Australian dollar in this week's interest rate resolution, mainly selling high and buying low before the meeting.
The overall upward trend of the daily chart remains intact, but the short-term upward momentum is stagnant, with high volatility and the risk of a downward breakthrough.4Hourly chart is affected byMA50Supported, but the short-term rebound momentum is becoming weaker and weaker, and we are wary of the possibility of downward correction. The hourly chart fluctuates in the short term, and the bullish and bearish positions lack direction. Suggestions for the day0.7935-0.8000Interval operation.
Support position:0.7935 0.7900 0.7875
Resistance level:0.8000 0.8030 0.8060