Capstone Online CFD Trading Review: The Bank of England's minutes are less than expected.
2019-12-20 11:30 from：CAPSTONE author：Jack
Capstone Online CFD Trading Review of yesterday:
On Thursday, gold first fell and then rose. Most of the day, it maintained a narrow range of between $ 1,474 and $ 1,481. It broke through the $ 1,480 mark overnight, brushing a week's high, and then gave up some of its gains. Silver once fell below the $ 17 mark and then turned higher. In terms of crude oil, the United States and Buenos oil fluctuated upward. US oil continued to run above $ 61. The highest daily oil cloth reached $ 66.76. Both oils continued to hit their highest levels in three months.
In terms of foreign exchange, the British pound was short-term higher due to the Bank of England's less-than-expected dovish and Brexit news, and then turned lower. The British pound once fell below the 1.30 mark against the US dollar, refreshing a two-week low. The US dollar and the euro remained stable, and the US dollar index continued to run above the 97 mark. In addition, the Swedish central bank announced a rate hike, ending the five-year negative interest rate policy, and the dollar rose against the Swedish krona.
Capstone Online CFD Trading Today's analysis:
(Europe and the United States M30)
Europe and America:
Although the German IFO business confidence survey report again achieved good results yesterday, the euro / dollar continued its downward trend from its weekly high of 1.1175. As the relative strength index RSI reverses its upward trend since last month, the bearish risk of EUR / USD may increase in the next few days. At present, the interval is maintained, and the direction is not clear. If you break to one side, you can enter the market after the callback. The upper pressure levels are 1.1127 and 1.1166, and the lower support levels are 1.1107 and 1.1070.
EUR / USD trading strategy:
Strategy 1: Go higher and go long (20 points)
Entry: 1.1127 Stop Loss: 1.1107 Take Profit: 1.1147
Strategy 2: Short break (20 points)
Entry: 1.1107 Stop Loss: 1.1127 Take Profit: 1.1087
In terms of gold:
The U.S. House of Representatives voted on the 18th local time to pass the first impeachment clause against President Trump, officially accusing him of abusing his authority. Trump became the third president in American history to be impeached by the House of Representatives. In order to prevent Trump from getting away easily, the House may postpone the impeachment case to the Senate. The latest developments on the impeachment case will also affect market sentiment and cause fluctuations in the gold market, and investors need to pay more attention. Today two major data will be released-21:30, the United States will announce the final value of the annualized quarterly rate of real GDP in the third quarter, both the expected value and the previous value are 2.1%; at 23:00, the United States will announce the core PCE price index in November The annual rate, the expected value and the previous value are 2.1%, which is the most important inflation reference indicator for Fed policy decisions. During the day, the upper pressure levels are 1480 and 1486, and the lower support levels are 1477 and 1474. Short-term bullishness is the main factor.
Capstone Online CFD Trading Focus on the data today:
Eurozone seasonally adjusted current account in October (100 million euros)
UK third quarter GDP annual rate final value
U.S. third quarter core PCE price index annualized quarterly rate final value
U.S. monthly personal spending rate in November
U.S. November core PCE price index annual rate
US University of Michigan Consumer Confidence Index Final in December
[Capstone Online CFD Trading 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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