Oil prices rose sharply on Monday, both US and Brazil hit the highest level since the beginning of July 2015. As the Saudi Crown Prince consolidated its power through corruption, and the number of active rigs in the United States decreased, the market continued to tighten. Gold and silver also moved higher, although the US stocks remained strong, but the unexpected strength of the yen caused the dollar index to fall and push up the price of gold. Saudi Crown Prince Salman has consolidated his power by fighting corruption and arrested several royal members, government ministers and investors, including the well-known billionaire Alvared. An official said that the arrest was only the "first phase" of the rectification, which was the latest in a series of radical measures by Crown Prince Salman to expand his power in the country. President Trump and Japanese Prime Minister Shinzo Abe held a joint press conference in Tokyo on Monday. In the face of Shinzo Abe, Trump called his name and said that the Japanese economy is not as good as the United States. He suggested that Japanese automakers "try to build cars in the US instead of transporting them to the United States." But the problem is: they have been doing this for many years. Zhou Xiaochuan, governor of the People's Bank of China, published a signed article saying that he would hold the bottom line of systemic financial risks. Finance is an important core competitiveness of the country. The Party Central Committee attaches great importance to preventing and controlling financial risks and ensuring financial security. A big point on Tuesday will be the Reserve Bank of Australia's interest rate decision. However, the current mainstream view of the market still believes that it will be difficult to surprise the interest rate. The recent trend of the Australian dollar has followed the euro. If there is no obvious positive, it is expected to be dominated by low volatility. Data point of view: November 07 Australian November cash rate Germany's September seasonally adjusted industrial output monthly rate Eurozone September retail sales monthly rate Technical analysis Dollar index Short-term trend → Medium-term trend → Key support 91.00/90.00 Key resistance 94.70/97.70 The US dollar index showed a downward trend on Monday, which looks like an adjustment to the non-agricultural gains on Friday. The overall pattern has not been affected. In the general direction, the short-term and mid-term US dollar index is expected to rebound further in the wake of various positive news. Unless there is a big negative in the tax reform, the road to dollar rebound is expected to continue. In the technical trend, the US dollar outsourced the Yangxian line on Friday, leaving a relatively obvious lower shadow line. Although the small Yinxian line was adjusted on Monday, the impact was not significant, suggesting that it will continue to rise. Short-term threshold suppression factors have caused some suppression, but the rebound rhythm has not been affected. With the break of the 94 level, the bulls seem to have completed the breakthrough of the head and shoulders, and the theoretical target points above 97. The 100-integer mark began to turn into a medium-term strong suppression level, and the break-through could mean a long-term balance. The lower support is seen at the 93.40 line. Euro against the dollar Short-term trend↓ Medium-term trend → Key support 1.1600/1.1480 Key resistance 1.1700/1.1800 After the euro fell on Monday, it stabilized. Although it showed a new low, it did not show signs of accelerated decline. The competition for 1.16 is still in progress. The previous European Central Bank's decision to reduce the size of the bond purchases made the market dissatisfied. In addition, the exchange rate has already exceeded the expectations, so the big drop is not unexpected. After two unsuccessful neckline levels failed, the overall risk of the euro continuing to expand is clearly accumulating. Even if there are some consolidation and adjustment needs in the short term, the overall bearish sentiment is hard to change. In the technical trend, the euro rebounded against the dollar on Monday, leaving a certain lower shadow line. The outsourcing Yinxian line went down last Friday. Although the volatility has not been amplified, the downtrend has been more ideally extended. Under the ruin of the pattern, according to the theoretical target price, the exchange rate may fall back to the 1.13/14 area, but the short-term need to pay attention to the effectiveness of the break, the main support area is 1.16. Short-term repression has returned to the 1.18 mark. Before the break, the pressure is unchanged. The overall recommendation is to look for rebound and sell opportunities. GBP to USD Short-term trend↓ Medium-term trend → Key support 1.3060/1.3000 Key resistance 1.3200/1.3400 Sterling rebounded sharply on Monday, regaining half of the BOE resolution, and before 1.30, the bullish resilience was still evident. With the passing of this risk event, the short-term trend of the pound may again depend on the performance of economic data. However, if the political level continues to bear bad, it may lead to further decline. In the technical trend, the British pound against the US dollar on the mid-yang line on Monday, returned to the median region of the recent trading range, once again caught in the rhythm of long and short. However, with the break of 1.34 and 1.32, the bulls have lost control of the situation and the position has begun to turn into back pressure. If you break through 1.30 further, the trend may return to the bear market. After recovering 1.34, the bulls have a chance to take it to the next level. USD/JPY Short-term trend → Medium-term trend → Key support 112.60/110.00 Key resistance 113.60/114.20 USD/JPY unexpectedly showed a big reversal on Monday, and the bulls tried to stabilize the 114 mark, but after a new high of more than half a year, there was a reversal. Consistent with previous judgments, under the circumstances that the Fed's contraction and interest rate hikes are determined, the support momentum of the exchange rate is difficult to dissipate quickly, but it still needs more favorable to continue to rise. Geopolitical factors that appear from time to time will also suppress the exchange rate. Another thing to note is that the gap in the exchange rate still exists below 108. In the technical trend, the US dollar against the yen almost formed a large outsourcing line on Monday. The huge upper shadow line and the trend of closing at the low point of the day suggested that the exchange rate had a false breakthrough. The exchange rate is above 114, and the short selling pressure is very obvious, and it is difficult to achieve a one-off result. Once the wedge shape is broken, it will lead to the return of the 200-day moving average. Continue to pay attention to the performance of the next few trading days, and confirm that the formation of a false breakthrough may lead to the weakening of the exchange rate. Overall, the difficulty and challenge above 114 is still quite large. USD/CAD Short-term trend ↑ Medium-term trend → Key support 1.2720/1.2500 Key resistance 1.2870/1.3010 The dollar continued to fall against the Canadian dollar on Monday, and the exchange rate was tested again at the 1.27 integer mark. Although the Canadian dollar is expected to remain strong as the Bank of Canada weakens, it is difficult for the exchange rate to move up easily. In the medium term, the bigger challenge for the Canadian dollar is whether the national data will remain strong and whether the recent two interest rate hikes are too early. With the slowdown in core data such as inflation, the strength of the Canadian dollar is unlikely to continue until the end of the year. In the technical trend, the US dollar against the Canadian dollar fell on the Yinxian line on Monday, and the market may need to step back on the previous breakthrough to get more action. After all, the 1.30 integer mark is more significant. A new rebound in the previous rebound means further opening up, while the previous 1.2700 line will be turned into support. The difficulty of turning the situation in the general direction is still relatively large. For the bulls, the big rhythm can only be changed if it effectively rises above 1.30. Australian dollar against the dollar Short-term trend↓ Medium-term trend → Key support 0.7650/0.7600 Key resistance 0.7840/0.8000 The Australian dollar rebounded moderately on Monday, but failed to recover the 200-day moving average. The overall price is still under pressure. Consistent with the previous view: the breakthrough and stability of the 0.80 mark will be a necessary bull market condition, and it is expected to be bullish to 0.83 after the effective break. With the recent effective fall below the 0.77 line, the market is expected to fluctuate downward. It is unlikely that the RBA resolution in the day will bring huge fluctuations. In the technical trend, the Australian dollar rebounded against the US dollar on Monday, but the actual progress is not big, and it is still in a low position. In the medium term, the bulls are still relatively negative in the case of not being able to recover 0.80, and 0.8 is still the main long-short watershed. It is difficult to open up the upside if it is unable to break through. Below the main support 0.7640, if the closing is effectively lost, it will turn bearish. Spot gold Short-term trend → Medium-term trend → Key support 1267/1260 Key resistance 1285/1305 Gold rebounded strongly on Monday, regaining the 1280 line, but failed to break through the high point around 1284, and the long and short is still in the saw. After the FOMC in September, with the clearing of the normalization of the Fed's monetary policy, the gold price will be relatively under pressure in the absence of other demand such as hedging, so it is relatively difficult to re-innovate in the short to medium term. But if the market situation suddenly deteriorates, the price of gold will still be the biggest winner. In the technical trend, although the gold daily line rebounded significantly on Monday, but failed to refresh the rebound high, suggesting that the bulls have not opened up more upside. The performance of the gold price in the past multiple trading days has meant that the mode of shock decline has not ended. Although there have been repeated times in the near future, the bears still control the situation. The failure of the bulls to recover 1300 means that long and short may be tempered for some time. If the 1274 is effectively defeated below, the focus will start to turn to the 1263 line before the long and short position and the 61.8% return level. Only when it effectively returns to above 1300/1305 will the market have a chance to cover the gap in September. US crude oil Short-term trend↑ Medium-term trend↑ Key support 54.50/52.70 Key resistance 58.00/60.00 US crude oil continued to slam on Monday and surged to a new high in the year, suggesting that the bullish action and trend are increasing. On the fundamentals, the situation is getting better. Judging from the latest US oil well data for the last few weeks, it is difficult for the US production capacity to expand further. In this case, the fundamentals may gradually emerge. On the technical trend, crude oil continued to rise on the Zhongyang line on Monday and began testing to suppress near 58. With the breakthrough of the 54 mark, the support began to turn into the 54 line, and the short-term momentum continued to be bullish before the break. The suppression above 58/60 has become a new resistance. In the medium term, the bulls will continue to maintain their initiative if the 50 points are not broken. Enter [Sina Finance and Economics Unit] Discussion Ladies' Casual Shoes,Casual Casual Shoes,Casual Shoes,Leather Women's Flats GDMK GROUP WEIHAI SHOES CO., LTD. , https://www.gdmkgroup.com
