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This weeks focus on European economic data

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  • This weeks focus on European economic data

    The first phase of Sino-US trade friction is expected to be reached. The news has seen a sharp decline in gold risk aversion, as investors regain confidence in the global economic growth rate, but it must be noted that this weeks European economic data is likely to appear. The slowdown has once again changed the way investors think in the short term.
    Germany expects to release third-quarter gross domestic product (GDP) data for the third quarter of this week, which may prove to be in recession. According to a Reuters survey of economists, the third-quarter GDP of the worlds fourth-largest economy has shrunk by 0.1%. %, has been negative growth for two consecutive quarters, this phenomenon can be seen as falling into recession. In addition, the UK will announce its third-quarter GDP today (11th). With global economic growth and concerns about Brexit, according to a Reuters survey of economists, the UKs third-quarter GDP is expected to grow by 0.4%. Can avoid the problem of economic recession. Finally, this weeks focus on the Federal Reserve (Fed) Chairman Powell will go to the US House Budget Committee hearing on the 14th and 15th. Powells speech will be based on the US economic outlook, and market investors need to pay close attention.

    (外汇)Forex Technical Analysis (Gold XAUUSD):
    (外汇)Todays foreign exchange gold (November 11) early in the morning at 1459.3 US dollars / ounce, from the technical analysis, 1 hour level observation trend fell below the important support 1464 ~ 1467 US dollars / ounce, there will be a sharply revised rebound, so there is a chance There is a bottoming out market.
    At present, the pressure range above the short-term line is located at 1471~1472 US dollars / ounce, the downward direction, the initial support range is 1457 ~ 1458 US dollars / ounce, the operating mentality is mostly short, investors who want to enter the market to do more short can be considered at 1461 US dollars ounce To buy a light warehouse to the $1,463/oz range, the stop loss can be considered to be set below $1,459 per ounce.

    (外汇)Forex technical analysis (EUR/USD EURUSD):
    (外汇)Todays foreign exchange EUR/USD (November 11) Early in the morning near 1.10193, cut from the technical analysis, after the 1 hour level observation trend fell below the large neckline, according to the empty arrangement of the Bollinger Band, the current stability is deep So there is a chance to start a short-term rally.
    At present, the pressure range above the short-term line is located at 1.10400~1.10460, the downward direction, the initial support interval is 1.10050~1.10100, and the operation mentality is mainly short. The investors who want to enter the market for a short time may consider buying in the 1.10210 to 1.10250 area. The stop loss point can be considered to be set below 1.10160.

    (外汇)Forex technical analysis (GBP/USD GBPUSD):
    (外汇)Todays foreign exchange GBP/USD (November 11) Early in the morning near 1.27892, from the technical analysis, the 1-hour line level observation trend is quite complete, and the current support starts to rebound, but pay more attention to the UK in the afternoon. The data is fluctuating, so there is a chance to pull back and rise again.
    At present, the pressure range above the short-term is located at 1.28250~1.28300, in the downward direction. The initial support range is 1.27700~1.27750. The operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.27850 to 1.27900 range. The stop loss point can be considered to be set below 1.27720.

    (外汇)Forex Technical Analysis (NZD/USD NZDUSD):
    (外汇)Todays foreign exchange NZD/USD (November 11) Early in the vicinity of 0.63259, cut in from the technical analysis, the 1-hour line level observation trend is in line with last Friday (8th) forecast to fall first and then rise, the current K stick continues to fall Channel, so there is a chance to rebound to the red circle in the picture and then fall again.
    At present, the pressure range above the short-term line is located at 0.63650~0.63700, in the downward direction, the initial support interval is 0.63300~0.63350, and the operating mentality is mainly short-term. Investors who want to enter the short-term market may consider buying in the 0.63530 to 0.63560 range. The stop loss position can be considered to be set above 0.63610.

    (外汇)Forex Technical Analysis (Nasdaq Nas100):
    (外汇)Todays foreign exchange Nasdaq (November 11) early in the morning at 8250.7, from the technical analysis, the 1 hour line level observation trend is expected to reach the first stage of the Sino-US trade news, making US stocks rise again, the current high power, so There is an opportunity to do a pullback correction in the short term.
    At present, the pressure range above the short-term line is located at 8250~8260 points, the downward direction, the initial support interval is 8190~8200 points, and the operation mentality is mainly short-term. Investors who want to enter the short-term market may consider buying in the 8235-8250 area. In, the stop loss point can be considered to be set above 8260.

    Todays foreign exchange key data(外汇) (data name / importance / previous value / expected):
    1. Japan September trade account (100 million yen) / three stars / 509 / 513
    2. Chinas October M2 money supply annual rate / three stars / 8.4% / 8.4%
    3. UKs third quarter GDP annual rate initial value / three stars / 1.3% / 1.1%
    4. UK September seasonally adjusted commodity trade account (100 million pounds) / three stars / -98.06/-100
    5. UK industrial output monthly rate in September / three stars / -0.6% / -0.2%
    6. UK monthly manufacturing output rate in September / three stars / -0.7% / -0.3%
    7. UK monthly GDP rate in September for three months / three stars / 0.3% / 0.4%

    Please let me know more about Forex(外汇).

  • #2
    In any case, your profundity and bits of knowledge on the markets can here and there be a twofold edged sword. Because of your analysis of mid-to-long-term trends, stalling here and there can set in. This shields you from executing the exchange despite the fact that all the guidelines have been met. Whenever left unchecked, your lingering can gradually flourish in your character. You now will in general search for more reasons to validate each exchange entry or scarcity in that department. This endless loop can influence your trading style in the event that you don't find a way to rectify it.

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