Before The Launch Of The US GDP, There Is A Risk Of Adjustment: The Interest Rate Speculation Has Finally Stopped.

The euro and Sterling recovered yesterday and came out of the rare pattern of V reversal.

In the overnight financial market, the US economic data are mixed. The US dollar index has dropped rapidly after breaking through the 99 pass, highlighting the short-term peak pressure.

The fluctuating rate of non US currencies increased. After the euro and Sterling hit a new low, the V reversed. The Australian dollar gold line was solid, and only the Canadian dollar had more pressure.

In the United States, a series of US data were mixed yesterday night, leading to a long retreat after the dollar hit a new high. The short-term speculation that the Fed raised interest rates in December seemed to be over.

The risk of adjustment will be faced before the launch of the US GDP on Friday.

Early in the morning, Australia announced that the three quarter CPI has improved significantly, with an annual rate of +1.3%, higher than the expected 1.1%, and the quarterly rate of +0.7% is also higher than the expected 0.5%.

Affected by the upward inflation, the market lowered the pessimistic expectations of the RBA's next month's interest rate decision, and the short-term interest rate risk dropped sharply.

In contrast, the market speculates that the RBA will raise its economic outlook at the next meeting.

As a result, the Australian dollar is rising rapidly.

Looking forward to the news, we will pay attention to the new housing sales in September and the PMI data of Markit services in October.

Overall, the dollar is expected to maintain a technical bearish pressure to start the callback, non us further rebound.

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On the 4H chart, the euro / dollar short term shocks remain stable above the 1.0850 low point, and the center of gravity moves upward in the day.

Indicators, RSI upward upward, short-term or rebound preferences.

Short term resistance is noted for 1.0950 performance, supporting 1.0870-1.0880 level within days.

On the daily chart, the overnight shooting star of USD / Swiss Franc rushing down to form a crest signal.

In terms of indicators, RSI tends to go down after overbought, short term or callback pressure.

The intraday exchange rate tries to go down and faces the risk of testing 0.9910. Once it is broken, it will further point to 0.9840-0.9850 level.

On the upward side, the strong exchange rate will recover the 1 parity barrier, which will reverse the declining trend of technology, and the initial resistance will be 0.9960.

The operation is mainly short.

Data show that the US FHFA housing price index in August is +0.7%, better than expected +0.5%, and the US house price index for S&P/CS20 in August is +5.13% per annum, which is expected to be 5%.

However, the late October consumer of the consultative chamber of Commerce in the United States

Down to 98.6, less than expected 101, the US Richmond Federal Reserve manufacturing index in October was -4.

On the one hand, the IFO business sentiment index of Germany in October was better than 110.5, better than expected 109.5, which helped the rebound of the euro after its overfall.

On the other hand, Carney, the governor of the Bank of England, warned in the house of lords that he could not rely too much on monetary policy, reducing the market's anticipation of the Bank of England's continued easing policy after its withdrawal from Europe.

Affected by this, the pound and the euro rebounded significantly.