Wu Peng: The Fed Enters The Interest Rate Buffer Period

At 03:00 a.m. this morning, the Federal Reserve released the minutes of the October meeting: many members thought that the impact of Europe, China and Japan on the US was rather limited, and some members expressed concern about inflation or will be at a target level for quite some time. Most officials believe that the economic outlook is close to the risks faced by the labour market. GDP growth and inflation prospects face downside risks. The conference discussed the overnight reverse repo rate and adjusted interest rates to help test the effectiveness of the tool.

　　 Federal Reserve The interest rate hike has entered the buffer period, and the interest rate increase will still tend to be in the middle of 2015.

The total number of new housing starts in the US 10 was 1 million 9 thousand years younger than the previous value of 1 million 31 thousand households and the estimated 102.5 households. The total number of construction permits in October in the United States was 1 million 80 thousand, higher than the 1 million 18 thousand households in the previous value and 1 million 40 thousand households expected. After a record high since June 2008, the idle funds will support the real estate market after the end of the QE.

Minutes of the meeting of the Bank of England: the monetary policy committee (MPC) decided to maintain the interest rate unchanged with the result of 7:2's vote. The MPC's 9:0 voting results decided to maintain a relaxed scale. In view of the slow economic recovery in the euro area and weaker export demand in the UK, the real estate market in the UK slowed down more than expected. The inflation rate will rise to 2% in 2017, and the labor market is tightening or rapidly increasing the wage level.

The rising unemployment rate in Britain has a certain effect on the wage level, but the weakness of the external economy is hard to change, and inflation overstatement is exaggerated.

Today's attention: 16:00-17:00 France / Germany / euro zone November manufacturing PMI initial value, 17:30 British 10 monthly retail sales, 21:30 U. S. 10 monthly adjusted CPI, the United States November 15th early week, the number of jobless claims, the United States November Markit manufacturing PMI initial value, the euro area November consumer confidence index, the United States October October sales total number of years.

　　 Euro dollar

The euro closed slightly yesterday, the euro continued to adjust, the highest point hit 1.2600 front-line, measured in the shock interval. The 4H level medium-term average and the long-term average have already divergent, the euro trend or will enter the stalemate, the RSI combination is above 50, MACD assumes the positive column, the overall energy and the relative energy are stronger. Support: 1.2400, 1.2500 resistance: 1.2550, 1.2600.

Operation recommendation: 1.2500-1.2600 interval trading.

　　 gold

Gold yesterday received a slight gain in the first two days of the resumption of Yin. Today's Asian market has continued to decline, and the major cycle is in the middle of the downlink. The upper and middle line of the daily line is gradually forming pressure on the exchange rate. The 4H level average system shows differences. The RSI combination is below 50, MACD is green column, and the overall energy and relative energy are weaker. Support: 1165, 1169, 1177 resistance: 1185, 1191.

Operation recommendations: 1169-1191 interval transactions.

　　 US dollar yen

The United States and Japan rose sharply yesterday, breaking the 117 line of key resistance, and breaking the strength is strong, will further open up the space. The US and Japan level will change from upward shock to accelerating upward or open up space. The combination of 4H level RSI is above 50, MACD is positive column, and the total energy and relative energy are strong. Support: 116, 117, 00 resistance: 120, 124.

Operation suggestion: 117.00-120.00 do more homeopathy.