Chen Jingquan: The US Dollar Is Strong In The Short Term.

In the P treasury bond market, the US and European Union bonds strengthened further, and the US 10 year treasury bond yield hit a new low since last July, reaching 2.438%.

This situation has also contributed directly to the strengthening of the US dollar.

In addition, due to the weakening of the Ukraine issue, besides the continued decline of gold, crude oil prices are also down, down 1.3%.

We can see that the risk appetite of the whole market has been showing the pition period of the strong dollar.

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< p > except for very few regions and countries, the weakening of non US currencies is not due to the weakness of their own economies, but the strong dollar sentiment that has long been dormant for half a year. At last, the opportunity to take the whole situation is the expectation of the ECB's monetary policy adjustment. Of course, the collective downside of the US is not a long term weakness. Most currencies face the inevitable weakness in the face of the official strengthening of the US dollar or the beginning of the US economic strength. However, the overall recovery of the latter economy will start to shift the risk preference risk to all high interest currencies.

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The P data in the eurozone were fairly good in the performance of yesterday, and yesterday revealed more uncertainty about the adjustment of monetary policy in the euro area. Even though the introduction of numerous policies may be unable to get the exact implementation as before the OMT, the ECB's caution has been maintained.

In addition, the employment data in the United States still deserve our attention. In the previous period of May, the employment data began to show a weak trend. The data released tonight will further corroborate the author's speculation. After the good April, the employment situation is likely to fall back, showing the opposite trend with other economic data.

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< p > < strong > technical aspect: < /strong > /p >

< p > strong > Euro > a href= "//www.sjfzxm.com/news/index_c.asp" > US dollar < /a > /strong > /p >

< p > yesterday, < a href= "//www.sjfzxm.com/news/index_c.asp" > Euro < /a > continued to fall, closing below the 1.3600 mark, and failed to test 1.3640 in the callback phase.

The downlink space has been opened again on the daily line, and the time to callback to 1.3620 is the right opportunity for us to re try the empty list.

No matter what the market expects or the ECB's continuing statements, it has a positive attitude towards the easing of the euro zone. But before the specific policy came out, the euro has dropped 300 points from 1.3900 of the high level. If the easing rate is not up to market expectations, then a retaliatory rebound will emerge, which is also a risk aversion before the euro zone interest conference next week.

Short term downward space, we still see 1.3550-1.3520.

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< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > > Gold > /a > /strong > /p >

< p > yesterday, gold did not show a decent callback trend, and even 1268 failed to test. The subsequent fall was tested to the first target position of 1255. This downward resistance barrier is crucial to the lower 1180 point test. If further falls, the Japanese line will enter the final resistance to 1180 before the 1213 test begins.

On the strength of support, we have not found any news and factors that support the gold price except for the low part of the Jiancang accident. The most important inflation factor is still not showing a healthy expansion. Therefore, when the risk aversion is low, the downside of gold is inevitable.

1260 and 1266 of the day will be the uplink resistance of gold, which is still worth trying for a single price, and the trend of 1255 below will accelerate again.

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