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Yesterday (4th), the Eurozone announced that the final value of the Manufacturing Purchasing Managers Index (PMI) in October was 45.9, which was better than the market expectation of 45.7, but it was also below the symbolic prosperity of the ninth consecutive month. The industry boom is still mired in shrinking recession, and the PMI data has a forward-looking indicator significance, so the continuous decline is also equivalent to the possibility that the boom will not reverse the trend in the short term.
At present, the orders of new manufacturers in the euro zone manufacturers have dropped sharply, and the demand in the domestic and foreign markets has also been weak. Therefore, companies are experiencing rapid layoffs. The market described this phenomenon as a special concern. The main reason will increase the economic downturn. The risk of a company spreading to the average family creates an economic vicious circle. Both the European Central Bank (ECB) and the International Monetary Fund (IMF) have called for eurozone governments to increase spending. The former ECB ECB President Draghi also reminded countries to implement fiscal stimulus plans before the end of last weeks term. Lagarde will continue the easing policy, and the ECB has launched a controversial monetary stimulus plan in September to revitalize economic growth and inflation rate. Whether the euro zone economy can gradually reverse the recession must observe more Whether the economic data has improved.
(Gold XAUUSD):
Todays Foreign exchange gold (November 5) early in the morning at 1509.5 US dollars / ounce, from the technical analysis, the 1 hour level observation trend is in line with yesterday (November 4) forecast high failure failed to make a large correction on the chip, currently receiving US dollars The strong rebound continued to fall, so there was a chance to rebound after a deepdown.
At present, the pressure range above the short-term line is located at 1511~1512 USD/oz. In the downward direction, the initial support range is 1501~1502 USD/oz. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1502.5 US dollars. To buy a light warehouse at $1504/oz, the stop loss can be set below $1501/oz.
(EUR/USD EURUSD):
Todays Foreign exchange EUR/USD (November 5) Early in the morning near 1.11211, from the technical analysis, the 1-hour level observation trend is in line with yesterdays (November 4) forecast pullback correction, currently being strongly rebounded by the US dollar, making the euro passive Weakened, so there is a chance to fall deeper and touch the bottom support to rebound.
At present, the pressure range above the short-term line is located at 1.11450~1.11490, the downward direction, the initial support range is from 1.11100~1.11140, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.11200 to 1.11240 range. The stop loss position can be considered to be set below 1.11160.
(GBP/USD GBPUSD):
Todays Foreign exchange sterling / US dollar (November 5) Early in the vicinity of 1.28803, cut from the technical analysis, 1 hour line level observation trend in line with yesterday (November 4) forecast pull back correction, there is a standard small M head below the neck The line plummeted, so there was a chance to rebound after a big drop.
At present, the pressure range above the short-term line is located at 1.29150~1.29200, the downward direction, the initial support range is 1.28600~1.28650, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.28780 to 1.28840 range. The stop loss point can be considered to be set below 1.28720.
(NZD/USD NZDUSD):
Todays Foreign exchange NZD/USD (November 5) Early in the vicinity of 0.63893, cut in from the technical analysis, the 1-hour line level observation trend showed a high point pullback correction, the corrected amount can have a normal volume is a reasonable trend, so there is a chance After the correction.
At present, the pressure range above the short-term line is located at 0.64450~0.64500, the downward direction, the initial support range is 0.63600~0.63650, and the operation mentality is mainly short. The investors who want to enter the market for a short time can consider buying in the range of 0.64000 to 0.64080. The stop loss position can be considered to be set below 0.63900.
Foreign Technical Analysis (Nasdaq Nas100):
Todays Foreign exchange Nasdaq (November 5) early in the morning near 8214.5, from the technical analysis, the 1-hour line level observation trend maintained long position, according to the Bollinger Band K rod falling between the upper rail and the middle rail, regarded as a strong bullish pattern Plus, there is no pressure zone above, so there is a chance to continue to rise, but pay more attention to pull back the correction.
At present, the pressure range above the short-term line is located at 8255~8270 points, the downward direction, the initial support interval is 8188~8198 points, and the operation mentality is mostly short. Investors who want to enter the market for a short time can consider buying in the 8210 to 8220 area. In, the stop loss point can be considered to be set below 8199.
Todays Foreign exchange key data (data name / importance / previous value / expected):
1. China October financial services PMI / three stars / 51.3 / 51.1
2. Australia to November 5, the Reserve Bank of Australia interest rate decision / three stars / 0.75% / 0.75%
3. UK October service industry PMI / three stars / 49.5 / 49.7
4. Eurozone September PPI monthly rate / three stars / -0.5% / 0.1%
5. US September trade account (100 million US dollars) / three stars / -549/-525
6. US October Markit service industry PMI final value / three stars / 5 / 51
7. US October ISM non-manufacturing PMI / three stars / 52.6 / 53.4
At present, the orders of new manufacturers in the euro zone manufacturers have dropped sharply, and the demand in the domestic and foreign markets has also been weak. Therefore, companies are experiencing rapid layoffs. The market described this phenomenon as a special concern. The main reason will increase the economic downturn. The risk of a company spreading to the average family creates an economic vicious circle. Both the European Central Bank (ECB) and the International Monetary Fund (IMF) have called for eurozone governments to increase spending. The former ECB ECB President Draghi also reminded countries to implement fiscal stimulus plans before the end of last weeks term. Lagarde will continue the easing policy, and the ECB has launched a controversial monetary stimulus plan in September to revitalize economic growth and inflation rate. Whether the euro zone economy can gradually reverse the recession must observe more Whether the economic data has improved.
(Gold XAUUSD):
Todays Foreign exchange gold (November 5) early in the morning at 1509.5 US dollars / ounce, from the technical analysis, the 1 hour level observation trend is in line with yesterday (November 4) forecast high failure failed to make a large correction on the chip, currently receiving US dollars The strong rebound continued to fall, so there was a chance to rebound after a deepdown.
At present, the pressure range above the short-term line is located at 1511~1512 USD/oz. In the downward direction, the initial support range is 1501~1502 USD/oz. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1502.5 US dollars. To buy a light warehouse at $1504/oz, the stop loss can be set below $1501/oz.
(EUR/USD EURUSD):
Todays Foreign exchange EUR/USD (November 5) Early in the morning near 1.11211, from the technical analysis, the 1-hour level observation trend is in line with yesterdays (November 4) forecast pullback correction, currently being strongly rebounded by the US dollar, making the euro passive Weakened, so there is a chance to fall deeper and touch the bottom support to rebound.
At present, the pressure range above the short-term line is located at 1.11450~1.11490, the downward direction, the initial support range is from 1.11100~1.11140, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.11200 to 1.11240 range. The stop loss position can be considered to be set below 1.11160.
(GBP/USD GBPUSD):
Todays Foreign exchange sterling / US dollar (November 5) Early in the vicinity of 1.28803, cut from the technical analysis, 1 hour line level observation trend in line with yesterday (November 4) forecast pull back correction, there is a standard small M head below the neck The line plummeted, so there was a chance to rebound after a big drop.
At present, the pressure range above the short-term line is located at 1.29150~1.29200, the downward direction, the initial support range is 1.28600~1.28650, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.28780 to 1.28840 range. The stop loss point can be considered to be set below 1.28720.
(NZD/USD NZDUSD):
Todays Foreign exchange NZD/USD (November 5) Early in the vicinity of 0.63893, cut in from the technical analysis, the 1-hour line level observation trend showed a high point pullback correction, the corrected amount can have a normal volume is a reasonable trend, so there is a chance After the correction.
At present, the pressure range above the short-term line is located at 0.64450~0.64500, the downward direction, the initial support range is 0.63600~0.63650, and the operation mentality is mainly short. The investors who want to enter the market for a short time can consider buying in the range of 0.64000 to 0.64080. The stop loss position can be considered to be set below 0.63900.
Foreign Technical Analysis (Nasdaq Nas100):
Todays Foreign exchange Nasdaq (November 5) early in the morning near 8214.5, from the technical analysis, the 1-hour line level observation trend maintained long position, according to the Bollinger Band K rod falling between the upper rail and the middle rail, regarded as a strong bullish pattern Plus, there is no pressure zone above, so there is a chance to continue to rise, but pay more attention to pull back the correction.
At present, the pressure range above the short-term line is located at 8255~8270 points, the downward direction, the initial support interval is 8188~8198 points, and the operation mentality is mostly short. Investors who want to enter the market for a short time can consider buying in the 8210 to 8220 area. In, the stop loss point can be considered to be set below 8199.
Todays Foreign exchange key data (data name / importance / previous value / expected):
1. China October financial services PMI / three stars / 51.3 / 51.1
2. Australia to November 5, the Reserve Bank of Australia interest rate decision / three stars / 0.75% / 0.75%
3. UK October service industry PMI / three stars / 49.5 / 49.7
4. Eurozone September PPI monthly rate / three stars / -0.5% / 0.1%
5. US September trade account (100 million US dollars) / three stars / -549/-525
6. US October Markit service industry PMI final value / three stars / 5 / 51
7. US October ISM non-manufacturing PMI / three stars / 52.6 / 53.4
