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General The dollar rose strongly to a two-and-a-half-year high. The price of gold fell

jerry0821

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Gold yesterday (September 30) was hit by the US dollar index for two and a half years to reach a new high of over $99, and the impact of China's Golden Week, which fell below the seasonal line. The strong rise of the US dollar suppressed the bullish gains in gold. Even though US President Trump faced the U.S. telephone door incident investigation impeachment, the US dollar was not hit by the domestic storm, but it was a two-and-a-half-year high. The continued strength of the US dollar will not only take funds out of emerging markets, but also expose emerging countries to heavy dollar-denominated debt. The raw materials denominated in US dollars become expensive and will inevitably impact buyers' demand in other currencies.
At present, the US investigation of the telephone door incident, because the US President Trump impeachment procedure is likely to be blocked in the Republican-led Senate, the market should pay more attention to the upcoming Sino-US trade negotiations in October, although impeachment The process may impact the normal operation of the Trump administration in the short term, and will increase the demand for hedging, which will make the dollar rise in the short term.

Forex(外汇) - Technical Analysis (Gold XAUUSD):
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Today's foreign(外汇) exchange analysis, gold (October 1st) early in the vicinity of 1471.8 US dollars / ounce, from the technical analysis, the daily line level fell below the important support of 1485 US dollars / ounce neckline, there has been a sharp decline, but you can see the current The downward channel of the correction band is being taken, so there is a chance to hit the bottom track and rebound.
At present, the pressure range above the short-term line is located at 1483~1484 USD/oz, the downward direction, the initial support range is 1460~1461 US dollars/oz. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the 1467.5 US dollars ounce. To the $1,469/oz range of light positions, the MT4 operating stop loss can be considered to be set below $1464.5 per ounce.

Forex(外汇) - Technical Analysis (EUR/USD EURUSD):
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Today's foreign(外汇) exchange analysis, the euro / dollar (October 1) early in the vicinity of 1.08979, from the technical analysis, the 1 hour level observation formed a decline channel continued to fall, the dollar hit a two-year high, making the euro weak, so there is a chance to touch There was a slight rebound to the pressure chip range.
At present, the pressure range above the short-term line is located at 1.09100~1.09150, the downward direction, the initial support range is 1.08700~1.08750, and the operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.08850 to 1.08900 range. The MT4 operation stop loss point can be considered to be set below 1.08800.

Forex(外汇) - Technical Analysis (GBP/USD GBPUSD):
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Today's foreign(外汇) exchange analysis, GBP/USD (October 1st), early in the vicinity of 1.22905, cut from the technical analysis, 1 hour line level observation trend broke the front support low, began to appear range volatility, the decline has a stable phenomenon, so There is a chance of a small rebound.
At present, the pressure range above the short-term line is located at 1.23300~1.23330, the downward direction, the initial support range is 1.22650~1.22680, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.22850 to 1.22880 range. The MT4 operation stop loss point can be considered to be set below 1.22740.

Forex(外汇) - Technical Analysis (NZD/USD NZDUSD):
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Today's foreign(外汇) exchange analysis, NZD/USD (October 1st) Early in the vicinity of 0.62568, cut from the technical analysis, 1 hour line level observation after the convergence triangle fell, immediately collapsed, there will be a small rebound after the deep, Therefore, there is a chance to rebound and then fall again.
At present, the pressure range above the short-term line is located at 0.62550~0.62600, in the downward direction. The initial support interval is 0.62250~0.62300. The operating mentality is mainly short-term. Investors who want to enter the short-term market may consider buying in the 0.62400 to 0.62450 range. The MT4 operation stop loss point can be considered to be set above 0.62500.

Today's foreign(外汇) exchange key data
1. Japan's unemployment rate in August
2. Australia to October 1 Australia Reserves interest rate decision
3. UK Nationwide house price index monthly rate in September
4. Switzerland's actual retail sales rate in August
5. France's September manufacturing PMI final value
6. Germany's September manufacturing PMI final value
7. Eurozone September manufacturing PMI final value
8. UK September manufacturing PMI
9. Eurozone September CPI annual rate initial value
10. Canada's July GDP monthly rate
11. US September Markit manufacturing PMI final value
12. US August construction expenditure monthly rate
13. US September ISM Manufacturing PMI

For more details on Forex(外汇) and MT4, please click here to watch.
 
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