CAPSTONE Comments: the market is closed for Thanksgi
28-11-2019 16:50 Từ：CAPSTONE Tác giả：Jack
Capstone Forex Trading Comments: the market is closed for Thanksgiving, but the market may not be simple. Today, be alert to the great fluctuations of non US historical holidays!
US economic data released on Wednesday showed strong performance, and risk sentiment in the market improved. Affected by this, gold fell, maintaining a narrow range of US $1450-1460 in the day, testing 1450 support again. Silver also fell, missing the $17 mark. In terms of crude oil, the trend of both oil in the Asian and European markets was flat. In the US session, influenced by the news that Russia's output is expected to exceed the quota in November and the increase of EIA inventory, oil price was under pressure and suffered a setback. Oil distribution once fell to the $64 level, and the decline of us oil once reached 1%. Subsequently, the number of us drilling wells published was reduced, and the two oil companies were supported to recover the internal points of the day.
On the foreign exchange side, the US dollar rose slightly on the back of good economic data, while the euro held steady, while the pound continued to rise slightly on the back of yesterday's gains. The dollar rose to a six-month high of 109.5 against the Japanese yen and a six-month high against the Swiss franc, the first time since October 4.
Capstone Forex Trading Today's analysis:
(M30 in Europe and America)
Europe and the United States:
Today is Thanksgiving Day in the United States. Affected by this, the U.S. stock market will be closed for one day today. No U.S. data will be released in the day. Despite recent light trading, the foreign exchange market will continue to trade normally during the Thanksgiving holiday. Historically, the dollar, euro and pound fluctuated significantly during Thanksgiving. A number of euro zone data will be released in the day, including the economic prosperity index, industrial prosperity index, final value of consumer confidence index and initial value of CPI monthly rate of Germany in November. Investors need to pay special attention to the fluctuation of euro and other relevant currencies. Technically, at present, it is necessary to maintain the arrangement in the low position and narrow range, and establish the direction within the day after breakthrough. The upper pressure level is 1.1011 and 1.1057, the lower support level is 1.0992 and 1.0940, and the short-term empty list is the main one.
EURUSD trading strategy:
Strategy 1: make a long break (19 points)
Admission: 1.1011 stop: 1.0992 stop: 1.1030
Strategy 2: break down and short (19 points)
Admission: 1.0992 stop: 1.1011 stop: 1.0973
There are two reasons behind gold's decline: first, it has been hit by a strong dollar. This week, the U.S. index has been standing above the 98 level, while the strong dollar is largely supported by the U.S. domestic economy. Second, due to the improvement of risk sentiment, US stocks have repeatedly set new highs in the past week, and the attraction of gold has weakened. In addition, the current trade situation has eased and gold's risk aversion has gradually decreased, which will still be under pressure in the short term. In the day, the upper pressure level is 1459 and 1467, and the lower support level is 1455 and 1453. The short-term operation in the interval is the main operation.
Capstone Forex Trading Focus on data today:
Euro zone economic climate index in November
Euro zone industrial prosperity index in November
Euro zone consumer confidence index final value in November
Initial value of CPI monthly rate in November in Germany
[Capstone Forex Trading disclaimer]:
This analysis and trading strategy is an objective description of the current market situation. Investors need to strictly follow the trend, light position, stop loss! Can not be completely in accordance with the transaction strategy as the basis for placing an order, only for reference!
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