Relaxation Expectations Drag Down Aussie Risk Aversion

The S&P 500 index rose 0.95%; The Dow Jones Industrial Average rose 1.31%; The Nasdaq [Weibo] Composite Index rose 0.98%.

The pan European blue chip 300 index ended 0.2% lower at 1472.38. Britain's FTSE 100 index fell 0.22%; Germany's DAX index rose 0.25%; France's CAC40 index rose 0.44%.

Japan's stock market fell 1.06%, the Hang Seng Index fell 1.07%, and the Shanghai Index fell 1.31%.

The FTSE Global Index fell 0.89%; The FTSE emerging markets index fell 0.45%.

The dollar fell against the euro and rose against the yen.

The People's Bank of China [Weibo] lowered the central parity rate, and the RMB was once again close to the "decline limit".

The price of New York gold futures for delivery in April plummeted 2.4% to close at 1254.6 US dollars/ounce.

The WTI oil price for delivery in March closed 0.2% higher at 44.53 dollars/barrel.

The 10-year US Treasury yield rose 3 basis points to 1.75%.

The position of the world's largest gold ETF - SPDR GOLD TRUST increased by 5.67 tons compared with the previous day, and the current position is 758.37 tons.

yesterday dollar Continuing the high and volatile trend, the ICE US Index is taking the shape of a cross star, which seems to have a tendency to become more and more empty. However, with the trend of long-term dollar bulls, it is expected to continue to hit new highs after the shock consolidation.

Although the US Index takes the form of a cross star, the commodity currency fell sharply yesterday. After the interest rate resolution of the New York Reserve Bank in the early morning yesterday, President Wheeler's tone made the market believe that the interest rate cut of the New York Reserve Bank was not impossible, and the New Zealand dollar exchange rate was also hit hard; At the same time, the Australian dollar has also been hit hard. The mainstream view of the market is almost certain that the Reserve Bank of Australia will cut interest rates in the interest rate resolution next week. This view has led to a fall of more than 1.5% in the Australian dollar/US dollar. For the moment, the judgment on the Reserve Bank of Australia's interest rate cut is mainly due to the recent actions of the Reserve Bank of New Zealand and the Central Bank of Canada. However, judging from the Australian inflation data released this week, the stable economic performance does not increase the possibility of interest rate reduction by the Reserve Bank of Australia. However, in the face of the current situation that easing has become the mainstream, the Reserve Bank of Australia may follow suit.

Yesterday's announcement that the number of first applicants from the United States last week was only 265000, a new low in nearly 15 years, eased investors' concerns about the slowdown of the US economy at the beginning of this year. The Federal Reserve also said in its statement on Wednesday that economic activity is expanding steadily. The optimistic economic outlook of the United States reduced the risk sentiment of the market, leading to a decline in the attractiveness of precious metals.

The gold futures due in April of Comex in the United States plummeted 2.4%, hitting a minimum of 1255.90 dollars/ounce, the largest decline since December 19, 2013. The silver futures due in March dropped 7.3% to 16.773 US dollars/ounce, the biggest drop since June 20, 2013. goods in stock gold The move also surprised investors. Gold once hit a two-week low of $1251/ounce. However, when it hit the price of the 20 day moving average, the gold price was supported, and now it is anxious about 1260. Focus on the US GDP data today. If it is expected to be weak, gold may restart its action.

　　 Today's operation strategy:

　　 EUR/USD : The daily chart performance is different. MACD is bearish but the random index rebounds from the oversold area. The upper resistance is at Thursday's high of 1.1380. If it breaks, it will ease the short-term bearish tendency. The lower support is 1.1260. Intraday suggestion: short between 1.13750-1.140.

GBP/USD: The daily chart signals are different, and MACD is bullish, but the random index turns to neutral, and the 5 and 15 day moving averages are flat. The lower support is at Thursday's low 1.5015, and the upper support is at 1.5110. Intraday suggestion: short around 1.5220.

AUD/USD: daily chart bearish: MACD bearish; Stochastic indicators are under pressure in the oversold range; The 5-day moving average is below the 15 day moving average and down. Support: 0.7715, upper resistance: 0.7800. Intraday suggestion: short around 0.7850.

USD/JPY: The daily chart performance is different, MACD is bearish, the random index is neutral, and the 5 and 15 day moving averages are flat. The upper resistance was at Thursday's high of 118.50-60, and the lower support was at 117.36. Intra day suggestion: 117.30-118.60 interval operation.

Gold/US dollar: The daily chart shows different performances, with gold breaking down and rising as low as around 1250. The upper resistance is 1266, and the lower support is 1250. Intra day suggestion: short light positions near 1272. Long above 1240.