Ma Ning: Under Double Negative Vigilance, The US And Japan Are Falling Behind Key Support Positions.

The market fluctuation in May 15th P was once very interesting to me. This kind of interest is reflected in the stock market, the bond market and the foreign exchange gold market in Europe and America.

And I particularly like to explore the game behind this fluctuation and the subsequent impact, which is good for our investors to seize the opportunity.

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< p > 10 years, the US bond yield fell by 4 basis points and fell below the 2.5% mark, the lowest in October last year.

Over the past two months, the rise in US Treasury bonds / US dollar has almost become a constant trend in most foreign exchange markets.

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Therefore, the US dollar trend has a very significant positive correlation with the yield of us 10 year treasury bonds. P

Against this background, the dollar seems to be less and less like the traditional hedge currency.

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There are several reasons for the global bond market. First, the "a href=" http://www.91se91.com/news/index_cj.asp "risk aversion" /a once again dominated the market two, including three of the further response measures of the euro zone after the GDP accident, and three, the stock market fell.

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The world's largest retailer WAL-MART shares plunged 2.4% to $76.83, making the Dow and the S & P 500 index under pressure. < p > USA > a href= "http://www.91se91.com/news/index_cj.asp" > stock market < /a >.

WAL-MART's earnings report showed that the company's revenue growth in the first quarter was the smallest in the past five years and its profits declined.

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< p > the company also expects second quarter profits less than analysts' expectations.

The US economic data released on Thursday were mixed. In April, the US industrial production slowed down more than a year and a half ago. But last week, the unemployment gold man hit a 7 year low, and the consumer price index recorded the largest increase in 10 months in April.

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"P >" and the current political and political situation in Ukraine has been pending, which has also exacerbated the market's risk - aversion.

It also makes the risk assets fall, which makes the US stock market risk further downwards.

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< p > we all know that the US 10 year a href= "http://www.91se91.com/news/index_cj.asp" > national debt < /a > yields a strong proportional relationship with the US dollar / yen.

The dominant position in the history of cross market relations is attributed to the fact that Japanese interest rates have been very low in the past 10 years (the last 10 years of Japanese Treasury yields were over 2% in 1999), so the interest rate spread between the US and Japan is often greater than that of Japanese debt.

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< p >, therefore, under the double negative circumstances, the US and Japan are likely to fall behind the strong support 101.20 line in recent months, thus heading for the support position of the 100 integer pass.

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