Us Fingers Continue To Fall Back To Thanksgiving.

Market Review on Wednesday:

Yesterday, the foreign exchange market took a concussion gesture to greet today's Thanksgiving holiday. The US dollar index fell third consecutive trading days, but it is still not far from four and a half high of 88.40.

Other major non US currencies gained a certain upward space. The euro broke through the 1.25 important barrier against the US dollar and gained three Lian Yang.

The pound was better than the euro, and the pound broke away from the recent low concussion in the US dollar yesterday, hitting 1.5804 highs twice in the session.

Commodity currency

Continue downward pressure, and refresh the 4 year low of 0.8478 again.

The US dollar was basically flat against the yen, but the daily chart shows signs of a sharp slowdown.

Wednesday's inventory:

Before Thanksgiving, the United States announced a large number of

The overall performance is not good, but the US dollar index is only showing signs of a slight decline and has not changed its strong pattern.

Data show that the US durable goods orders month rate increased by 0.4% in October, higher than expected in the month of 0.6%.11, while University of Michigan's consumer confidence index ended at 88.8, less than expected 90, but hit a 7 year high.

The consumer confidence index of the November US Chamber of Commerce released yesterday is at a 5 month low.

In addition, the growth rate of personal income and personal consumption expenditure in the United States in October was not as good as expected. Last week, the number of unemployed Jin people rose to 313 thousand, the first time in the past 10 weeks, which was higher than 300 thousand, a nearly three month high.

Third quarter announced yesterday

The quarterly and annualized correction is in line with expectations, which partly eased the market's worries about the weakness of the UK economy. On Tuesday, Carney, the governor of the Bank of England, said that the next policy move was to raise interest rates, and the market's eyes had begun to shift to a tightening policy when Britain raised interest rates, which boosted the pound against the US dollar.

In addition, some weak economic data released by the United States also supported sterling, and the pound yesterday led major non US currencies.

Last Friday, the ECB governor Delagi said the ECB would expand asset purchases if inflation was maintained at a low level too long.

Yesterday, vice president Constancio was similar to his speech. He said that if the current stimulus is not effective, the European Central Bank will consider buying the corresponding sovereign debt according to the size of each country's economy. The European Central Bank may consider buying sovereign bonds in the first quarter of next year.

Today, the organization of Petroleum Exporting Countries (OPEC) will hold a meeting in Vienna. At present, there are still great divergences among member states about whether or not to cut production.

Saudi Arabia, Russia, Mexico and Venezuela did not reach a consensus on oil production on Tuesday. Yesterday, OPEC Gulf oil producers such as Iran and Saudi Arabia said they would not cut production.

In the United States, the Thanksgiving market is closed, but there is still a lot of attention.

Apart from focusing on the OPEC meeting, Germany will publish data on employment and inflation. If the data are not as good as expected, it may aggravate the market's fears of deflation in the euro area, and also make it possible for the ECB to expect further measures.

Important economic data forecast for Thursday:

US Thanksgiving market closed

OPEC OPEC held a meeting in Vienna, Austria

European Central Bank Constancio released financial stability report

European Central Bank President drachi / wiedman / Costa delivered a speech

Germany unemployment rate /CPI November

Eurozone November consumer confidence index / confidence index / economic confidence index

Canada's third quarter current account

Monetary operation recommendations:

Euro to us dollar: this week gradually rebounded, but the medium and long term trend is still weak. At present, it is slightly arranged in the vicinity of 1.25, with a preliminary resistance of 1.2550 and support of 1.2460.

On the hourly chart, the exchange rate dropped below the overnight high and the MA5 and MA10 average formed a dead end.

On the whole, the upward trend of 1.25 tends to be bullish, with a preliminary resistance of 1.2550.

Australian dollar to us dollar: the slow pace random indicator shows a rebound sign on the daily chart. The initial resistance is near the 5 day moving average 0.8590, and the support is 0.8510.

On the hourly chart, from overnight high to 0.8550, there will be room for rebounding within days.

Overall, there may be rebound demand within the day, the initial resistance concerns 0.8590.