Influenced by important factors yesterday:
1. The Eurozone released poor manufacturing data
2. Both the service and manufacturing PMIs in the UK fell short of market expectations in March
3. Bailey, Governor of the Bank of England: The current inflation rate is too high and must fall. It is expected that the inflation rate may fall this summer
4. European Central Bank Governing Council Nagel: If something happens, Europe is ready, and we will take a meeting-by-meeting approach to deal with the ECB interest rate
5. The monthly rate of US durable goods orders in February fell short of market expectations
6. Federal Reserve Bostic: It is not an easy decision for the Fed to raise interest rates, inflation is still too high, and the Fed needs to continue to pay attention to this issue
7. The initial values of Markit service industry and manufacturing PMI in the United States in March were both better than market expectations
8. The total number of oil rigs in the United States in the week to March 24 was higher than market expectations
＊Forex products:
Last Friday (24th), the Eurozone and the UK announced poor manufacturing data, which was negative for Europe, the United States, and the pound and the United States. Consolidation nearby, driving the U.S., Japan, and the U.S. and Canada to rise by more than 100 points. In the evening, most of the economic data released by the United States were positive, and many Fed officials were worried that inflation would remain high. The U.S. dollar index unexpectedly did not have more buying to drive the rally, which also caused non-U.S. currencies to consolidate.
*gold:
Last Friday (24th), most of the manufacturing data released by European countries was not good. The market was worried that it might impact the financial market, and the safe-haven funds pushed up the price of gold to oscillate around the 2000.00 mark. In the evening, the release of positive economic data by the United States and the approval of Fed officials for continuing to raise interest rates to curb inflation also caused the price of gold to reverse and fall by about US$25, and it consolidated around US$1,975 in late trading.
*Global stock indexes and US crude oil:
Last Friday (24th), Germany released poor manufacturing data, causing the German index to fall by more than 2%, dragging the Dow Jones and the Nasdaq to fall by more than 1%. In the evening, the United States released positive manufacturing data, driving the Dow Jones and the Nasdaq to rise nearly 2% against the trend. U.S. oil prices fell by nearly 5% on the back of poor manufacturing data released by the euro zone. In the evening, the economic data released by the United States was positive for the rise of U.S. stocks, driving U.S. oil prices to buck the trend and rise by more than 4%. Last Saturday (25th), the United States announced that the number of oil rigs rose, which restrained the price of U.S. oil from finishing around $69.
Today's trading hotspots:
＊Forex products:
Last Friday (24th) the United States released economic data that was positive for the dollar, and today (27th) the Asian market covered the dollar, driving the index up about 18 points. It is expected that Germany and the United Kingdom will release poor economic data today, which may cause Europe, the United States and the pound to fall. It is expected that on Tuesday (28th) the governor of the Bank of England reiterated that raising interest rates will curb inflation, which may lead to the rise of Europe, America and GBP.
Yesterday (26th) Russian Federal Security Council Vice Chairman Dmitry Medvedev said that he hopes to expand the number of Russian troops to 1.5 million, which may prolong the conflict between Russia and Ukraine, which will benefit oil prices and the Canadian dollar. Once the United States and Canada fall below the 5-day moving average of 1.3724, it is recommended Can be operated short-term. It is expected that Germany will release poor economic data today (27th). If Europe and the United States cannot reach the Bollinger Band upper track line 1.0778 within an hour, short-term operations are recommended. It is expected that in the early morning of Tuesday (28th) the Governor of the Bank of England, Bailey, will reiterate the interest rate hike to curb inflation. Once the GBP/USD breaks through the 5-day moving average of 1.2247, it is recommended to operate short-term and long-term.
*gold:
Last Friday (24th), the United States released economic data that was positive for the dollar, which also caused the price of gold to fall by about 25 US dollars, and it consolidated around 1975 US dollars in late trading. It is expected that today (27th) Germany and the United Kingdom will release poor economic data, which may be bad for the euro and good for the dollar. If the price of gold breaks the 5-day moving average of $1971, it is recommended to operate short-term.
*Global stock indexes and US crude oil:
Last Friday (24th), most of the economic data released by the United States were better than market expectations, driving the Dow Jones and the Nasdaq to rise about 2% against the trend. It is expected that Germany will announce a poor business climate index today (27th). If the German index falls below the 10-day moving average of 15,070, short-term operations are recommended. It is expected that the economic data released by the United States today will be positive. If the Dow Jones breaks through the 240-day moving average of 32,429, it is recommended to operate short-term and long-term.
Last Friday (24th), the negative manufacturing data in the Eurozone and mostly positive U.S. economic data caused U.S. oil prices to fluctuate by $4. Last Saturday (25th), the U.S. announced that the number of oil rigs rose, which was negative The price retreated to consolidate around $69. It is expected that the economic data released by Germany and the United Kingdom today (27th) will negatively impact the stock index. If the price of U.S. oil falls below the 5-day moving average of $69.31, short-term operations are recommended.
Today's important economic data and financial events:
16:00 German March IFO business climate index
18:00 UK March CBI retail sales difference
22:30 U.S. March Dallas Fed Business Activity Index
At 01:00 the next day, Bailey, Governor of the Bank of England, delivered a speech
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