Capstone Forex Trading Online Review: Trump re-approves the
2019-12-03 10:40 from：CAPSTONE author：Jack
Capstone Forex Trading Online Review: Trump re-approves the Fed's strong US dollar policy, and the euro takes advantage of the upward market to bet on longs!
Capstone Forex Trading Online Review of yesterday:
On the precious metals market, gold and silver fluctuated slightly during the trading session on Monday, and the closing performance was still weak. In the oil market, after the plunge last Friday, both oil companies gapped and opened higher on Monday, once rising more than 2%. Later, the weaker manufacturing data eased the gains.
In the currency market, the US dollar index fell due to the unsatisfactory performance of multiple manufacturing data released last night. Non-U.S. Currencies moved upward, with the New Zealand dollar rising by 1.28% once to break the 0.65 mark, a new high since August 7. According to the British Financial Times, the Fed is considering introducing a new rule-a "make-up strategy", which temporarily raises inflation above its 2% target when inflation misses its target to prevent US prices from continuing to fall below its target. The analysis shows that, in fact, this "make-up strategy" is not a new idea. As early as mid-year, some Fed officials mentioned the term "average inflation". The Fed's year-long evaluation of monetary policy tools will end next year. If the Fed adopts this strategy, it will mark the biggest change in the implementation of the 2% inflation target since it was set in 2012. In fact, in addition to the Federal Reserve, most developed central banks are suffering from low inflation. For example, the European Central Bank and the RBA, which will announce interest rate decisions today, are also exploring new ways to boost inflation.
Capstone Forex Trading Online Today's analysis:
(Europe and the United States M30)
Europe and America:
Most of the US manufacturing data released yesterday were weak, and on the same day US President Trump claimed that manufacturing was being dragged down by a strong dollar, which was supported by the Fed's absurd policies. The dollar fell below the 98 mark and the euro took advantage. In addition, European Bank President Lagarde said in a speech yesterday that the European Central Bank is "determined" to restore price stability in the euro zone, while stressing that the forthcoming strategic evaluation will adopt an open attitude. At 18:00 today, Europe will announce the monthly PPI monthly rate in October in the Eurozone. The data is slightly worse than expected. If the data strengthens, the euro is expected to rise further. During the day, the upper pressure levels are 1.1097 and 1.1140, and the lower support levels are 1.1040 and 1.1010. The dips above the support levels are mainly long.
EUR / USD trading strategy:
Strategy 1: Do more on dips (34 points)
Entry: 1.1074 Stop Loss: 1.1040 Take Profit: 1.1108
Strategy 2: Go short (34 points)
Entry: 1.1040 Stop Loss: 1.1074 Take Profit: 1.1006
In terms of gold:
Uncertainty in trade issues continues and remains an important aspect of market attention. The strength of the dollar and the downturn in risk aversion continued to weigh on gold, with the US dollar index hitting a one-and-a-half month high on Friday. Investors have stronger confidence in the market, so they are more inclined to risk assets. US stocks are still at a high level, and the Federal Reserve will maintain interest rates after three interest rate cuts. Weak consumer demand in India and China is a limiting factor in the gold market. The upper pressure levels are 1465 and 1467, and the lower support levels are 1460 and 1457.
Capstone Forex Trading Online Focus on the data today:
RBA announces interest rate decision
Eurozone October PPI monthly rate
[Capstone Forex Trading Online Disclaimer]:
This analysis and trading strategy is an objective description of the current market trend. Investors need to strictly follow the trend, light positions, and stop losses! Orders cannot be completely based on trading strategies, only for reference!
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