Trade expansion, dollar appreciation
Last Friday, U.S. President Trump announced to impose high tariffs on imports worth 50 billion U.S. dollars from China, and Beijing has responded with reciprocal tariff measures. It appears that the trade war between the world’s two largest economies is imminent. .
This week, trade tensions have further escalated. On the morning of June 19 (Beijing time) today, Trump made new moves and announced that he would impose a 10% tariff on 200 billion U.S. dollars of Chinese goods; and he threatened that if China continues to fight back, the U.S. will have an additional 200 billion U.S. dollars. US dollar additional Chinese goods additional tariffs. In response, the spokesman of the Ministry of Commerce of China responded that if the US loses its rationality and publishes the list, China will have to adopt comprehensive measures combining quantitative and qualitative measures to make a strong countermeasure.
Judging from the overall situation, Sino-US trade friction is also a microcosm of the current global trade problems. Once Sino-US trade relations continue to deteriorate. It is likely to affect Europe and other Asian countries.
Through the current tight trade relations, we can also be concerned that not only the stock market is affected, but more re-merchandise markets and foreign exchange markets will spread even wider. In the Asian market today, the Hang Seng Index and the Shanghai Stock Exchange have been unable to resist the suppression of risk sentiment. In the trading session, the Shanghai Stock Exchange once fell by 4%, closing down 3.78%. The Hang Seng Index also fell all the way after the opening bell. At present, it has fallen by more than 600 points. At the same time, the US dollar index (94.5478, -0.2969, -0.31%) touched 94.60 first-line support after experiencing adjustments in Asia and Europe, stabilizing and rebounding. At present, the bulls are in a turbulent upward cycle. Friends in Europe, America and the Pound US gold can continue to hold. We simply share with you, the next layout ideas.
Trends are long and short-term adjustments are over. Wait for the bulls to go further and break up.
In the short term, the US dollar rose 95.60--96.10 range. Structural support 94.60 line, today has stepped back to confirm effective. The next step is to wait for the market to continue to rise. In the short term, we must also pay attention to the suppression of the high voltage range of 95.10--95.20 that was formed last week.
Weekly level, the United States refers to continue to rise.
In the short term, the U.S. refers to the bullish trend opportunity after adjusting the channel's breakthrough. At present, the short-term U.S. dollar index belongs to the process of channel adjustment. Now it is testing the position of the upper inflection zone. Once the inflection point is formed, it will continue to adjust. Once the breakthrough is effective, it will quickly hit the 96 nearby.
After falling below the important support range of 1288-1291 on the daily level, gold quickly touched support near 1275 last week. In the short term, after the rebound of gold's shock, it is very likely that it will continue to fall. After the short-term channel adjustment, it will seek to break through the current range. The rebound pressure at the top will increase the interval between 1284-1286 and the lower support at the 1277--1278 range.
Europe and the United States continue to focus on high-altitude opportunities. Pay close attention to the important suppression zone near 1.1640.
Pound and the United States continue to pay attention to the strategy of placing a short position on Friday and continue to hold short positions as appropriate, so as to bring further opportunities for profit expansion.