Abstract:EURUSD sunk through support, verifying a prior false upside breakout as the US Dollar soared on local retail sales and industrial production data. NZDUSD at risk to incoming data.
Asia Pacific Market Open Talking Points
亚太市场公开谈话要点
US Dollar soars on retail sales and industrial production
美元零售销售和工业生产飙升
EURUSD sinks through support, eyeing new 2019 low?
欧元兑美元下挫支持,关注新的2019年新低?
Stocks may consolidate ahead of Fed, NZDUSD may fall
股票可能会在美联储之前盘整,新西兰元兑美元可能下跌
Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in the DailyFX Webinars. Wed love to have you along.
交易所有主要的全球经济数据,因为它填补了经济日历,并按照DailyFX网络研讨会中列出的重要事件的实时报道。周三喜欢和你在一起。
The US Dollar soared against its major counterparts on Friday, topping off its best week since early March. Gains initially picked up during Fridays Asia Pacific trading session amidst rising dovish RBA and RBNZ monetary policy bets, sinking AUDUSD and NZDUSD respectively. Then, the Greenback picked up rather dramatically after local data softened dovish Fed monetary policy expectations.
周五美元兑主要货币飙升,自3月初以来最好的一周。由于温和的澳洲联储和新西兰央行货币政策押注上升,澳元兑美元和新西兰元兑美元分别下跌,周五亚太交易时段收涨。然后,在本地数据软化美联储货币政策预期后,美元大幅回升。
US retail sales and industrial production outperformed relative to economists‘ expectations. In addition, there were significant upside revisions in April’s statistics. Overall, front-end government bond yields rallied and the S&P 500 declined. Disappointing University of Michigan sentiment was brushed aside and the anti-risk Japanese Yen gained against most of its major peers.
美国零售销售和工业生产表现优于经济学家的预期。此外,4月份的统计数据还有重大的上行修正。总体而言,前端政府债券收益率上涨,标准普尔500指数下跌。令人失望的密歇根大学情绪被抛到一边,抗风险日元兑大多数主要同行获利。
The Euro was also battered, sunk earlier in the day by a slew of disappointing Italian industrial sales and orders data. The nation is facing pressure from Romes budgetary ambitions which could lead to an excessive deficit procedure. Both German and Italian front-end government bond yields ended Friday to the downside.
欧元是当天早些时候,一系列令人失望的意大利工业销售和订单数据陷入困境。这个国家正面临来自罗马预算野心的压力,这可能导致过度的赤字程序。德国和意大利前端政府债券收益率周五收于下行。
EURUSD Technical Analysis
EURUSD技术分析
Looking at the EURUSD daily chart, the pair clocked in its worst performance in a single day (about 0.6%) since late March. The pair did clear near-term support at 1.1262, exposing and paving the oath for eventually retesting the May and June lows form 2017. That is a psychological barrier between 1.1109 and 1.1132. This also follows what appeared to be a false upside breakout through a descending channel of resistance (pink lines below).
每日看欧元兑美元图表显示,自3月底以来,该货币对在一天内表现最差(约0.6%)。该货币对在1.1262做出明确的近期支撑,揭露并铺平了最终重新测试2017年5月和6月低点的誓言。这是1.1109和1.1132之间的心理障碍。这也是如下帽子似乎是一个虚假的上行突破,通过下行通道(下面的粉红线)。
EURUSD Daily Chart
EURUSD每日图表
*Charts Created in TradingView
*在TradingView中创建的图表
Asia Pacific Monday Session
亚太地区周一会议
For a rather eventful week, Mondays Asia Pacific trading session is relatively tamer. This places the focus on risk trends. S&P 500 futures were pointing a little lower at the end of last week, though not aggressively. Given the importance of the Fed this week, there may be some consolidation to be had in equities as investors hesitate to commit to a direction until the event has passed.
对于一个相当多事的一周,周一亚太地区交易时段较为温和。这将重点放在风险趋势上。标准普尔500指数期货在上周末略微走低,但没有积极进行。考虑到本周美联储的重要性,股市可能会有一些整合,因为投资者在事件发生之前不愿意做出指示。
The New Zealand Dollar could be vulnerable to upcoming the local performance of services index, especially after last weeks dismal domestic manufacturing PMI outcome. A disappointing result may further boost dovish RBNZ monetary policy expectations. Meanwhile, IG Client Positioning is offering a bearish-contrarian NZDUSD trading bias. This poses as a downside risk for the pair.
新西兰元可能很容易受到即将到来的当地服务业绩指数的影响,特别是在上周几周国内制造业PMI业绩惨淡之后。令人失望的结果可能进一步推动温和的新西兰联储货币政策预期。与此同时,IG Client Positioning正在提供看跌逆势的新西兰元兑美元交易偏见。这对该货币对构成了下行风险。
Join me every week on Wednesdays at 00:00 GMT as I uncover how you can use market positioning in your own trading strategy.
每周三,格林尼治标准时间00:00加入我的行列,我将了解如何在您自己的交易策略中使用市场定位。
The Japanese Yen rose 0.7% against the US Dollar after BoJ Governor Kazuo Ueda hinted at potential rate hikes. This coincided with a recovery in Asian markets, aided by stronger Chinese stocks. With the July FOMC minutes already pointing to a September rate cut, the US Dollar might edge higher into the weekend.
The Australian Dollar (AUD) traded sideways against the US Dollar (USD) on Tuesday, staying just below the seven-month high of 0.6798 reached on Monday. The downside for the AUD/USD pair is expected to be limited due to differing policy outlooks between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The RBA Minutes indicated that a rate cut is unlikely soon, and Governor Michele Bullock affirmed the central bank's readiness to raise rates again if necessary to combat inflation.
JPY strengthened against the USD, pushing USD/JPY near 145.00, driven by strong inflation data and BoJ rate hike expectations. Japan's strong Q2 GDP growth added support. However, USD gains may be limited by expectations of a Fed rate cut in September.
Gold prices remain above $2,500, near record highs, as investors await the Federal Open Market Committee minutes for confirmation of a potential Fed rate cut in September. The Fed's dovish shift, prioritizing employment over inflation, has weakened the US Dollar, boosting gold. A recent revision showing the US created 818,000 fewer jobs than initially reported also strengthens the case for a rate cut.