Zhang Wei: Concussion Is The Most Recent Keynote Data, Which Determines The Trend Within The Day.

　　 1: Fundamentals Analysis

Yesterday (June 2nd), Germany's inflation figures were depressed, and the growth rate of manufacturing in the euro area was slower than expected. These two factors increased the pressure on the central bank to relax the policy this week, and the US dollar rose against the main currencies on that day. The US dollar rose to its highest level in the month against the yen, as strong manufacturing data from the US and China eased the market's worries about the growth of the two largest economies and prompted investors to dump US Treasury bonds. The rise in US Treasury bonds has boosted the US dollar to yen exchange rate. The US 10 year treasury bond yields exceeded 2.50% for the first time in four trading days, though still close to this year's low. Facts show that the US dollar exchange rate is vulnerable to the trend of the US Treasury bond market. The exchange rate rose on the rise in treasury bond yields and fell on the decline in Treasury yields. The fall in US interest rates also discourages investors from returning to us dollar denominated assets. Major global stock indexes rose on Monday. The American Supply Management Association acknowledged that the ISM manufacturing index in May was wrong, and the revised index exceeded expectations. Most of the three major U.S. stock indexes rose, and the Dow and the S & P 500 index hit a new high. Major European stock indexes rose mostly, mainly due to weaker manufacturing data in the euro area and weaker German inflation data, which intensified the expectation that the European Central Bank would launch easing measures at Thursday's meeting. The Asia Pacific stock market closed for the first time and the Nikkei index hit a new high in the past month. International spot gold, Ukraine tense situation now eased, the U.S. economy is showing signs of strength, investors sell gold, gold prices continued low consolidation on Monday, and once hit a four month low, closing rebounded, and finally closed at 1243.60 U.S. dollars / ounce.

　　 Currencies As of the end of the day, the exchange rate of 1 euro was 1.3597 dollars, which was lower than that of the previous trading day of 1.3635 US dollars; the exchange rate of 1 pounds was 1.6744 US dollars, which was lower than the 1.6757 US dollars of the previous trading day; the 1 Australian dollar was 0.9238 yuan, which was lower than the previous day's 0.9306 dollars; the 1 dollar changed to 102.34 days, which was higher than the previous yen's yen.

Today, Tuesday (June 3rd), Asian market Investor First of all, we should pay attention to the retail sales and current account data released by Australia. Meanwhile, the HSBC manufacturing PMI announced by China will also have a more important impact on the Australian dollar. According to the newly released data, China's Manufacturing Purchasing Managers Index (PMI) in May was revised to 49.4, with an initial value of 49.7, but higher than the final value of 48.1 in April, and hit a four month high. The index has been in the shrinking region for five consecutive months. In addition, the production index has shrunk slightly, and the new order index has returned to the ups and downs after shrinking for three consecutive months. The RBA resolution will also be on the market at noon. Recently, Australia's economic performance is weak. Investors should pay special attention to the statement of the RBA's future policy direction in the post meeting statement. At present, the market generally believes that the RBA will keep interest rates and policies unchanged in memory. The Aussie dollar plunged on Monday, weakening the Australian dollar due to weak construction permit data released by Australia. In the minutes of the last meeting, the RBA pointed out that the demand for the job market was suppressed, and that it might be maintained for some time. Economic growth below the trend will continue in the next few quarters, and the expansionary policy will continue to produce the desired effect. The recent mixed economic data confirm the fragility of Australia's economy and the necessity of implementing a period of loose monetary policy. Despite the improvement in most of the year, the recent weakness in consumer confidence, poor housing data and disappointing retail sales highlight the road to recovery. In the European era, the UK has published two data on housing price index and construction industry PMI. Investors should pay close attention to it. The future of sterling can depend on more data guidelines. The main focus of the day is to release important inflation data and unemployment data in the euro area. At present, the market predicts that the euro area inflation rate will be 0.7% in May and 0.7% in April, which is much lower than the 2% target set by the European Central Bank. The core inflation rate has dropped from 1% to 0.9%. The recent persistent low inflation, sluggish economy and relatively poor credit situation have made the euro area financial market generally expect that ECB will cut interest rates again and take other economic incentives at its June 5th monetary policy meeting, and the European central bank governor Delaki's recent speech also showed his inclination to cut interest rates. It is expected that if the euro's May CPI initial data is not performing well, it is likely to further bring downward pressure on the euro, and if the data match or slightly better than expected, the impact on the euro may be relatively limited. It is difficult to completely extinguish investors' expectations of the European Central Bank's more relaxed actions this week unless data perform far beyond expectations.

　　 Two: technical analysis

Golden strategy analysis:

Gold trend continues to be empty in the market outlook, and the average arrangement of technology is also obviously empty. MACD and other technical indicators are empty. The intraday operation suggests that the gold target will be short after a slight return to the target of 1240.

Main strategy: 1250 near short, target 1240, stop loss 1254

Euro strategy analysis:

The euro rose slightly earlier, up to 1.3650, and then dropped sharply. Recently, the upper resistance level is around 1.3620, within days.

The operation suggests shorting near the resistance point, near target 1.3580.

Main strategy: 1.3620 near short, target 1.3580, stop loss 1.3635

Pound strategy analysis:

Main strategy: 1.6770 near short, target 1.6720, stop loss 1.6800

US Japan strategy analysis:

Main strategy: 102.20 near do more, target 102.60, stop loss 102