Wu Peng: Swiss Gold Referendum Rejected Gold Confidence Frustrated

Swiss gold referendum in November 30th, the Swiss people were 22.7% or 77.3%, and the referendum was not approved. On Monday, gold dropped sharply and went down to 1142.65.

In the three quarter of the United States, GDP was revised to 3.9%. In the third quarter of the United States, the revised annual rate of core consumer spending was unchanged at 1.4%. At the beginning of November 22nd, the number of jobless claims was 313 thousand, higher than the previous value of 29.2 and the expected 28.8. In November 15th, the number of unemployed persons was 231.6 lower than the previous value of 233.3 and the expected 235. In October, the order rate of non defense capital durable goods was -1.3%, lower than expected 1%, unchanged from the previous value. In November, the final value of consumer confidence index at University of Michigan was 88.8 lower than the previous value of 89.4 and expected 90.

On the data, the US economy continues to recover, inflation is stable, the labor market is full, the employment situation is more optimistic, leading indicators are slightly lower.

After the 11 quarter of the month, the unemployment rate in Germany was 6.6%, which was lower than the expected value of 6.7%. In December, the Gfk consumer confidence index was 8.7 higher than the previous value of 8.5 and the expected 8.6. In November, the CPI annual rate of 0.6% was lower than the previous value of 0.8% and was flat.

German employment data and consumer confidence are better, inflationary pressures are obvious, and the sharp fall in energy prices keeps inflation under pressure.

French household consumption expenditure in October was -0.9% lower than the previous value of -0.8% and expected: +0.3%, France 10 month producer price index to maintain -1.4% unchanged. French data released last week showed that consumption pressure is still relatively high.

The eurozone unemployment rate remained unchanged at 11.5% in October.

OPEC decided to maintain the current ceiling of 30 million barrels per day. Its meeting statement did not emphasize whether the relevant member states should strictly enforce the existing quota system.

Last week, Carney, the governor of the Bank of England, said that the idle capacity in the British economy was about 1% of GDP. The interest rate hike will be limited and gradual. The Bank of England will consider further reducing the loan scheme. Capital scale It is estimated that the growth rate of the UK economy will be 2.25% and the salary data is expected to rise.

Today's attention: 16:50-17:00 France / Germany / Italy / euro zone November manufacturing PMI final value, 17:30 British manufacturing PMI November, 17:30 British October central bank mortgage loan license, United States November ISM manufacturing PMI.

　　 Euro dollar

Last week, the euro received a longer line with a longer shadow line. The cycle line still maintained a downward rhythm, and the 1.2360-1.2600 curve was on the daily line. If the 1.2420 line fell, the euro would further be measured below 1.2360. The 4H grade average line system forms a pressure on the exchange rate, the RSI combination is below 50, MACD is short green column, and the overall energy and relative energy are weaker. Support: 1.2360, 1.2420 resistance: 1.2485, 1.2550.

Operation suggestion: 1.2480 near the bottom try to short, stop 1.2485 above, target 1.2360.

　　 gold

Gold fell sharply last week, the first three weeks of the declines, opened today, low jump low, the lowest point of 1142.65. The Swiss gold referendum failed to form a greater pressure on gold prices, and the central and Western Corridor of the sky chart had a pressure on gold. The 4H level RSI is below 50, the MACD green pillar expands, the overall energy is very weak and the index is overbought, but it is not recommended for bottom reading operation. Support: 1146, 1151.50 resistance: 1165, 1177.

Operation suggestion: wait and see.

　　 US dollar yen

The United States and Japan resumed Yang last week, and the United States and Japan have closed for 6 consecutive weeks. The upward trend is very clear, but the intensity has weakened. On the Japanese line, the US and Japan callback test will continue after the first 117.35 lines. If the 119 line is broken, then the uplink space will be opened. The combination of 4H level RSI is above 50, MACD is positive column, and the total energy and relative energy are strong. Support: 117, 117.70 and 118.50 resistance: 119, 120, 122.

Operation suggestion: try to do more back measurement resistance position.