The US Dollar Slipped To Maintain Its Bullish Pound And The Rebound Continued To Look Empty.

On Monday, in the European market period, the strong non farm data released by the US side continued to ferment last Friday, and the US dollar index edged up to 89.55.

However, in the days of New York, the United States released the more important employment market condition index (LMCI) data, and the results were not as good as expected. After the publication of the data, the US dollar index fell slightly.

Together with LMCI, the CIC's employment trend index data, which is slightly better than expected, has led to a decline in the US dollar index.

According to specific data, the US employment market index (LMCI) of the weak November is 2.9, 4 and 3.9.

The November US Chamber of commerce employment trend index, which is better than expected, is 123.2, 123.09 and 122.8.

Employment figures released last Friday showed that the number of new jobs in November was the highest in nearly three years, further showing that the US economic recovery is increasing.

This prompted investors to advance the US Federal Reserve (FED/) interest rate forecast to next year.

In terms of positions, the report issued by the CFTC on Friday (December 5th) showed that speculators held a net long decrease of 2312 hands, a net bullion of 36155 hands, showing that speculators in the US dollar index continued to hit a new high and approached the nearly five year high position.

On the technical side, the trend of the dollar index is strong, the atmosphere of the bull market is very strong, and the strength of the bears has been weakened.

The average line system is clearly arranged in many positions, supporting the upward movement of the US index. The technical index MACD crossover upward and upward again above the two axes and zero axis, and the red column expansion shows that the trend is much more and the rising kinetic energy is strong.

The US weekly index has been innovating to as high as 89.55. Once it came closer to the more important resistance level, it was revised after 89.62.

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Sterling fell against the US dollar in the early morning of the European exchange market to the lowest level of $1.5539 since September 2013.

Later, it rebounded from the 15 month low, pushing the US dollar against Sterling ahead of expectations that the US was closer to raising interest rates because of the dollar's rise.

The exchange rate dropped to a low of 15 months, triggering the short back repair operation, but there was resistance near the upper 20 day moving average.

In addition, the fundamentals of the pound have not improved, and strong non-agricultural employment has raised the Fed's interest rate hike.

although

Rebounded within days, but the pound has been poor in recent times.

In the past few months, the anticipation of raising interest rates in Britain has been pushed back.

Until this summer, many investors expect the Bank of England to raise interest rates by the end of this year, but investors now expect the central bank to raise interest rates by the end of 2015 or early 2016.

In addition, investors may also be able to circumvent the British Pound's uncertainty in May next year.

A study released by the Bank of England on Monday shows that the gradual increase in borrowing costs should not be right.

The economic recovery has caused too much impact.

Igniting long-awaited salary growth.

Mark Carney, the governor of the Bank of England, suggested that a rise in wages would be crucial to interest rate decisions.

In terms of positions, the CFTC issued a report in December 5th that speculators had a net short increase of 348 hands, a net short of 31014 hands, indicating that speculators' willingness to continue to empty the pound continued to increase.

On the technical side, the sterling dollar chart shows that the pound is hard to change against the US dollar and rebounded after a record low on Monday.

The exchange rate has continued to create a new low in recent years, and the downward trend is intact. The average position of the average system is obviously arranged, and the underlying support is weak. The initial resistance level continues to suppress the low exchange rate on the 20 day moving average.