Tian Hongliang: US Dollar Is Down, Bullish Sentiment Frustrated

< p > yesterday, the yield of US dollar declined with US Treasury bonds, and the yield of the 10 year treasury bonds fell by 2.50% to the lowest level in October. The rate of industrial production in April, which was the fastest in the past year and a half, has dropped unexpectedly.

These reports have been overshadowed by strong regional manufacturing and initial jobless claims.

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< p > US dollar index hit a 80.34 intraday high point within a day, but it was greatly reduced by the large decline of < a href= "http://www.91se91.com/news/index_c.asp" > US bond yield < /a >.

Yields on us 10 - year treasury bonds hit a seven - month low Thursday, down 2.5%.

The US Treasury price rose yesterday and ignored strong US data as technical position adjustment continued to dominate the bond market.

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< p > the US bond yields were pushed up shortly after the strong "a href=" http://www.91se91.com/news/index_c.asp "consumer" /a "price index, the jobless claims index and the New York manufacturing data release.

But with investors returning to the bond market and clearing their empty positions, yields quickly reversed, and continued to decline after weaker US data released later.

The benchmark 10 - year US bond yield fell 5.5 basis points to 2.488%, the lowest in 7 months.

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< p > the 10 year yield rose to a 2.557% intraday high after strong data release, but then there was a rapid reversal.

Investors have been expecting us interest rates to rise, thus accumulating a large amount of US debt short positions.

However, the US interest rate trend is contrary to this expectation and has gone out of the opposite direction, causing some investors to lose.

After interest rates began to rise yesterday, investors saw this as a good opportunity to tie in.

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< p > from a technical point of view, although the resistance of the a href= "http://www.91se91.com/news/index_c.asp" > US dollar index < /a > breaks through the downward trend line of the daily chart, the closing trend falls below the downward trend line, which means that the resistance on the US dollar is beginning to strengthen and will restrict the rebound of the US dollar stage by stage.

From a short-term perspective, the support of the US dollar index from 79.90 to 79.95 will also temporarily support the US dollar, with a stronger support from 79.75 to 79.80.

If the US dollar index holds 79.75 - 79.80 support, the US dollar continues to rebound the trend may still look forward to.

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< p > if the dollar in the market is down 79.70 to 79.75 after rebounding, the dollar's trend will be affected.

Today, the resistance of the US dollar index is between 80.20 and 80.25, and the short-term resistance is between 80.30 and 80.35.

The US dollar index pullback today supports 79.90 - 79.95, and short - term support is between 79.80 and 79.85.

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< p > US dollar is the main line of short selling today. It breaks the position to stop losses. If there are more than 30 profit points, we will set a good stop to win. Before we open the market, we will withdraw all the outstanding pactions.

This strategy is suitable for margin and can be taken as a reference.

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