Chen Jingquan: Risk Appetite Warmer Euro Pressure Alone

< p > < < a href= > http://www.91se91.com/news/index_cj.asp > > the results of the minutes of the meeting released by the Fed < /a > have shown that monetary policy has not changed yet, and the time for raising interest rates is still not clear. Before the QE fully withdrew, the Fed has 4 months to discuss this problem. We found in the minutes of the meeting that the future monetary policy was relatively extensive. The tools of deposit keeping and reverse repurchase were all seen in the measures that need to lower bank interest rates after the end of QE. < /p >
While the economic optimism for P is obvious, but there is considerable concern about the slow growth of inflation and the stagnation of real estate. But if the real estate sector can recover significantly in the two quarter, the upward trend of inflation will also gradually appear. After accepting this optimistic mood, the market has also changed from short-term downside to risk boosting. < /p >
"P", the European Central Bank announced yesterday that the interest rate summary showed strong tightening expectations, coupled with the new high sales data, the strength of the pound and the buying tendency of the market will be further strengthened. At the same time, the loose expectations in the euro area are further warming. This mood causes the differentiation of European economies. It is inevitable that once the easing policy is launched in early June, the flow of capital will further weaken the euro's direct and cross market strength. < /p >
< p > < strong > technical surface < /strong > /p >
< p > < strong > < a > href= > http://www.91se91.com/news/index_cj.asp > Euro > /a > dollar > /strong > /p >
< p > yesterday, the decline of the euro continued the pattern of previous shocks. Although the risk appetite of the market appeared after the Fed's announcement, the euro failed to rebound further. After the first test of 1.3640, though it failed to fall through, the situation of the second test is almost impossible to avoid. The drop in this position will further expand the drop to 1.3560. On the operation side, the callback 1.3700 is near a good empty entry price, waiting for the next 1.3640 to test. Once the situation is broken, the current empty list will continue to be held, and the short run will need to be reduced. < /p >
< p > < strong > < a > href= > http://www.91se91.com/news/index_cj.asp > > Gold > /a > /strong > /p >
< p > in the morning hours, although it dropped to 1283 lows, the instant rebound did not fall below the resistance of 1287 below. Solid support on the Japanese line will cause gold to test again on the 1296 front line. On the actual disk, the Ukraine issue is still the biggest uncertainty factor in the gold trend. Therefore, it is necessary to maintain the current trading of gold by concussion. The overall strength of the day is still 1282-1300 of the shock interval. If we can not effectively break through Thursday, the convergence of Friday will be more obvious. < /p >