Wang Liang: US Stocks Rose Strongly, Interest Rate Resolution

The US ADP employment increased by 208 thousand in November, although the growth rate was not as good as the market expected, but it remained above 200 thousand. After the data was released, the US dollar index dropped from 88.82 to 88.73 and then cut some of its decline. After that, the price rose to 89 highs. At the same time, the data released by the American Federation of Supply Management (ISM) showed that the ISM in November was 59.3, the highest in August, and the Fed's Brown book report showed that the US employment growth, the US economy continued to expand, and the US stock continued to record high.

The Dow Jones index closed up 0.18%, at 17912.49; NASDAQ closed up 0.39%, at 4774.47; the S & P 500 closed up 0.38%, at 2074.32.

Moodie chief economist Mark Zandi (Moodie has participated in the statistics of ADP data company) the US employment market recovery in:11 is still steady. ADP statistics show that the growth rate of employment in non-agricultural and private sectors is still over 200 thousand. At this rate, the unemployment rate in the United States will decrease by 0.5% every year. In November, the labour market is tightening.

US Deputy finance minister Nathan Sheets said that despite the strong recovery of the US economy, the overall performance of the global economy has not yet reached its desired level.

Sheets pointed out that Europe and Japan need to play a bigger role in lifting the disappointing global economic recovery, and said Japan should use another consumer plan to "fully compensate" the failed stimulus measures.

Abreast of the times

The November inflation data showed that the CPI initial value in November increased by 0.3%, a 5 year low, far below the European Central Bank's 2% inflation target. Last month, the European central bank governor Delagi said that euro area inflation is becoming more challenging, and short-term inflation expectations have dropped to a very low level. The European central bank must promote inflation as soon as possible. In order to achieve this goal, the ECB will expand its asset purchases when necessary.

Despite the fact that durraj has made a comprehensive QE tone on various occasions, under the internal pressure, the possibility of offering a big move in December is less likely.

Durraji continued to choose to deliver to the market at the press conference.

Period.

Euro zone November service industry PMI is also worse than expected, comprehensive PMI terminal value was revised to 51.1, the lowest level since July 2013, the negative data makes the euro fell to 1.2400 after the dollar fell again, the overall price trend is still empty, concerned about the 1.2320 near the support, if the price can not break through, will continue to fall, after the breakthrough above 1.2340 of the resistance, then short.

Pound / dollar analysis

The price of four hours is oscillating in the low 1.5580-1.5750 range, and the recent price is above the interval. MACD also falls below the 0 axis, indicating that the trend is slightly empty. This week the price is wide and volatile, the current magnitude is weakening, the short line can be short in the vicinity of 1.5700, and 1.5650 below is concerned.

US dollar / yen analysis

The US dollar continued to rise against the Japanese yen, and the price rose again after the shock correction. At present, it is still strong in the vicinity of 120. The operation is mainly based on doing more. After stabilizing 120, we are concerned about the 120.50 above. After that, we are vigilant against the correction of the price.

Analysis of Australian dollar / US dollar

Prices on the daily chart are in a downward trend. MACD is below the 0 axis and continues downward. The strength of the fall is strong, indicating that the market outlook is expected to continue to fall, and the upper resistance will catch up with 0.8425 and 0.8470. Within the day, the main target is short selling, with 0.8350 and 0.8300 below.

US dollar / Canadian dollar analysis

The Canadian Central Bank issued interest rate resolutions to maintain interest rates unchanged at 1%. After the announcement, the US dollar intensified against the Canadian dollar, and the price on the daily chart was on the rise. However, the price was at a high level. The price was in a "convergence triangle" this week. The current price is below the form. In terms of operation, it is short in the vicinity of 1.1355, and the stop loss is 1.1315. The above target is concerned about 1.1400 and 1.1420.

USD / CHF analysis

The daily graph has maintained a strong upward trend, along with the US dollar index rising to 89, and the United States also broke through the resistance of 0.9735 near the previous level. The current trend is strong, with the target above 0.9800 and 0.9835.

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