Chen Jingquan: Vigilance At The End Of The Season Is Not Necessary.

In the current market, we can clearly see that it is still dominated by the rise of the US dollar. On this issue, the Fed's interest rate increase has become the top priority of the market, while the other non US currencies have different weakening factors, but the convergence makes the US dollar strong.

The European Central Bank's semi - Concealed loose surface made the market less patient. The vicious sell-off continued. The euro's current trend is also bottomless. In the case of the Swiss central bank maintaining 1.20 of the euro exchange rate, the Swiss franc is also a devaluation.

The European pound is slightly better than the pound because of political reasons led to a sharp decline, but once again into the interest rate mood, it is expected to be different from other non us out of the independent market.

The performance of commodity currencies is still disappointing. The intervention of the new Federal Reserve, the suppression of iron ore prices and the fall in their data made the New Zealand dollar, the Canadian dollar and the Australian dollar continue to decline.

The tail risk that we mentioned earlier on the stock market began to appear on the US stock market. 1980 of the repeated tests showed that there was another chance of a sharp fall.

Commodities and precious metals are still unable to find effective support, and the end of the decline has not yet come true. Although most investors show strong thirst for hunters, in the current trend, the behavior of bottom hunting is totally uncontrollable.

This week, the market will usher in a week of interest talks, as well as non-agricultural data.

Potential volatility will also be a test of the market. If the market is not able to achieve rapid change this week, then the downward trend will continue in early October.

Euro versus US dollar:

The trend of the three consecutive days began on Wednesday, which not only broke down the downward resistance of the weekly line 1.2750, but also confirmed the decline.

Graphically, the euro has no intention of bottoming, especially in the early September to the middle of the concussion after the choice of downlink, which means that the late downlink efforts to speed up the meaning of the operation, we continue the previous train of thought in order to defend the position of 1.2750 continue to empty.

Last Friday's 1.6260 drop in Figure confirmed the failure of the pound's short-term rebound.

If at the beginning of this week, at the beginning of this week, at the level of the daily line, it can not quickly rise to 1.6260 above, the short-term goal of the pound will be 1.6000 again.

In addition, last week, the Bank of England has begun to officially raise interest rates. Carney's speech has a strong hint for the increase in the medium-term interest rate. After the short selling, we are still waiting for the opportunity to try more of the pound.

In the short term, we should focus on sterling.

Australian dollar to us dollar:

Last week's downfall confirmed that this week there is no doubt that there will be a big chance to test the 0.8670 lowest point in the year, and if the position falls below the beginning of the week, the Aussie will point directly to 0.8000.

In the short term, iron ore prices and China's data can not support the situation, the Australian dollar being sold is hard to end, and after 0.8670 fall, our empty list continues to try.

Last week, gold came into a concussion. After 2 months of decline, it formed a short-term concussion.

But before 1240, the writer will not be too optimistic about bullish gold. In the current shock pattern, once the downside break occurs, 1180 of the tests can not be avoided, so the single choice of the bottom of the attempt is to end when 1200 falls.

On the short line operation, the author will try to make an empty list in the 1230 line and defend it with 1240 uplink resistance.