We expect a first reduction of Sino-US trade frictions: the risk aversion of gold has fallen sharply, while investors regain confidence in the global economic growth rate, but it should be noted that this week's European economic data is likely to appear. The slowdown has once again changed the way investors think in the short term.
Germany plans to release data on third quarter gross domestic product (GDP) this week, which could prove to be in recession: according to a Reuters survey of economists, the GDP of the world's fourth-largest economy would have decreased by 0.1% in the third quarter. %, has been negative growth for two consecutive quarters, this phenomenon can be considered falling into recession. In addition, the UK will announce its GDP for the third quarter today 11. With global economic growth and concerns about Brexit, according to a Reuters study by economists, the Kingdom's GDP United for the third quarter is expected to grow 0.4%. Can avoid the problem of economic recession. Finally, Federal Reserve (Fed) Chairman Powell will focus this week on the US House of Commons Budget Committee hearing held on the 14th and 15th. Mr. Powell's speech will be based on the US economic outlook, and market investors need to pay close attention.
Fixed Spread Forex Platform – Technical Analysis (Gold XAUUSD):
The gold of today (November 11) early in the morning to 1459.3 USD / ounce, according to technical analysis, the trend of observation at the level of one hour fell under the substantial support 1464 ~ 1467 USD / ounce, there will be a revised rebound, so there is a chance Break the bottom of the market.
At present, the range of pressure above the short-term line is between US $ 1471 and US $ 1472 / ounce, the downside guidance up to US $ 1457 ~ US $ 1458 / ounce, the operating mentality is generally short, investors who wish to enter the market in the short term can be considered at 1461 US dollars. To buy a light warehouse in the range of 1,463 USD / ounce, the stop loss can be considered less than 1,459 USD per ounce.
Fixed Spread Forex Platform – Technical Analysis (EUR / USD EURUSD):
EUR / USD of today (November 11) Early in the morning, around 1.10193, according to technical analysis, after a period of observation at the level of & nbsp; & nbsp; 39, an hour fell below the broad neckline, in accordance with the empty layout of the Bollinger Band, it was deep and stable. There is therefore a chance to start a rebound in the short term.
At present, the pressure range above the short-term line is between 1.10400 and 1.10460, the initial support range is 1.1050 to 1.10100 and the mentality of transaction is generally short, so investors who want to enter the market for a short period can consider buying between 1.101010 and 1.10250. The stop point can be considered to be less than 1.10160.
Fixed Spreads Forex Platform – Technical Analysis (GBP / USD GBPUSD):
GBP / USD today (November 11) Early in the morning, around 1.27892, according to technical analysis, the trend of observations at the line level over an hour is quite complete and current support is starting to rebound, but pay more attention to UK data this afternoon. The fluctuations, so there is a chance to withdraw and get up.
At present, the pressure range over the short term is between 1.28250 and 1.28300, in the direction where it is initially between 1.27700 and 1.27750. Investors wishing to enter the market over a short period may consider buying between 1.27850 and 1.27900. The stopping point can be considered to be less than 1.27720.
Fixed Spread Forex Platform – Technical Analysis (NZD / USD NZDUSD):
New Zealand Dollar Today / US Dollar (November 11) Early in the vicinity of 0.63259 (after technical analysis), the trend of observation at the line level over an hour corresponds to the first fall announced on Friday (8), then on the rise, the current stick K continues to fall. Therefore, there is a chance to bounce on the red circle on the image and then fall back.
Currently, the pressure range above the short-term line is between 0.63650 and 0.63700. The initial support interval is between 0.63300 and 0.63350 and the operating mentality is mainly short-term. The stop position of the loss can be considered to be greater than 0.63610.
Forex Fixed Broadcast Platform – Technical Analysis (Nasdaq Index Nas100):
Nasdaq today (11 November) early morning around 8250.7, according to technical analysis, the trend at the line of observation over 1 hour is expected to reach the first stage of the Sino-US trade , thus raising US stocks, the strong opportunity is in the short term to remove the correction.
At present, the pressure range above the short-term line is between 8250 and 8260 points, the initial support interval is between 8190 and 8200 points and the operation mentality is mainly short. term Investors who wish to enter the market in the short term may consider buying in the 8235 to 8250 area. In, the point of termination may be considered to be greater than 8260.
Key data of the day (data name / importance / previous / expected value):
1. Japan trade account in September (100 million yen) / three stars / 509/513
2. China's annual monetary rate in October M2 / three stars / 8.4% / 8.4%
3. Initial nominal value of UK GDP in the third quarter / three stars / 1.3% / 1.1%
4. United Kingdom Commodity Trade Account for September (100 million pounds) / three stars / -98.06 / -100
5. Monthly rate of industrial production in the United Kingdom in September / three stars / -0.6% / -0.2%
6. United Kingdom monthly manufacturing output rate in September / three stars / -0.7% / -0.3%
7. United Kingdom monthly GDP rate in September over three months / three stars / 0.3% / 0.4%
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