US Retail Growth Is Strong, Low US Dollar Stabilizes

The US dollar halted for the three day, as the latest retail sales grew strongly. Figures released yesterday showed that retail sales in the US recorded the biggest increase in 8 months in November, further indicating that the US economy is strong and the US Federal Reserve is considering the first increase in interest rates since 2006. The US dollar has risen against most major currencies.

In addition, data showed that the number of unemployed Jin people fell to the lowest level in 3 weeks after the quarterly adjustment last week, and the Federal Reserve will hold a monetary policy meeting on 16-17 December. As long as the US economic data continue to be stronger than other countries, the US dollar will continue to strengthen. The retail sales report does indicate a strong quarterly growth in the US.

From a technical point of view, the dollar index yesterday fell below the support of the 20 day moving average, but returned to the 20 day moving average. The 5 and 10 day moving average constitute a short-term resistance. If it fails to break through effectively, it will also fall back. The resistance of us fingers above 89 will also limit the rebound rate of the US dollar. It is uncertain whether the US dollar can break through the previous high level near the end of the year and the market is trading lightly.

The US dollar index is not big enough until the important resistance range of 89.60 - 90 has not been effectively broken. But from the perspective of the long and medium term line, the US dollar's rally will continue, and next year's market will be more favorable for the US dollar. At this stage, the US dollar's retreat is aimed at a healthier rise, which is worth looking forward to.

The US dollar index is up short today. resistance From 88.95 to 89, the short-term resistance is between 89.30 and 89.35. The dollar index's short-term pullback support is between 88.10 and 88.15, with significant support from 87.90 to 87.95. The euro / dollar rebounded yesterday, which was blocked by 1.2500. fall drastically 1.2360 support, if the rebound does not break 1.2500 today, this wave of rebound is likely to end ahead of schedule.

　　 dollar Today, the short line is mainly to do more operations, stop losses and break profits. If there are more than 30 profit points, we will set a good stop to win. Before we open the market, we will withdraw all the outstanding transactions. This strategy is suitable for margin and can be taken as a reference.

The US dollar index: it can buy at the lower limit of the 89.00----88.10 interval, effectively break 20 points, stop the loss, and aim at the upper limit of the interval.

EUR / USD: it can be sold at the upper limit of the 1.2460--1.2330 interval, effectively breaking 40 point stops, and the target is at the lower limit of the interval.

GBP / USD: it can be bought at the lower limit of the 1.5800----1.5680 interval, effectively breaking the 40 point stop loss, and the target is at the upper limit of the interval.

USD / CHF: you can buy at the lower limit of the 0.9730----0.9650 interval, effectively break 40 points, stop the loss, and aim at the upper limit of the interval.

USD / JPY: it can be bought at the lower limit of the 119.90----118.30 interval, effectively breaking 40 point stops, and the target is at the upper limit of the interval.

Australian dollar / US dollar: it can be sold at the upper limit of the 0.8310----0.8190 interval, effectively breaking 40 point stops, and the target is at the lower limit of the interval.

USD / Canadian Dollar: you can buy at the lower limit of the 1.1600----1.1500 interval, effectively break 40 points, stop the loss, and aim at the upper limit of the interval.

Gold: it can be sold at the upper limit of 1234 - 1217, effectively breaking the position of $8, and the target is in the lower limit of the interval.

Silver: it can be sold at the upper limit of 17.20 - 16.90, effectively breaking the position of 0.15 US dollars, and the target is in the lower limit of the interval.