Although U.S. crude oil inventories recorded an increase for the first time after a 15-week increase on Wednesday to provide support for oil prices, the OPEC monthly report lowered demand expectations, and at the same time Fed Chairman Powell ’s pessimistic expectations of the economy and the risk of a second spread of the epidemic have put oil prices under pressure . However, as more and more oil-producing countries have committed themselves to oil market balance recently, they have offset the expected decline in demand. More and more analysts believe that the worst period of the oil market is over. Follow the IEA monthly report within the day.
The analysis of the main currency pairs and the trend of gold and crude oil is for reference only!
EUR / USD
Europe and the United States were affected by the dollar's decline and then rise yesterday, and its trend also reversed first and then increased and then fell. The pressure above 1.0900 was not broken, and then fell back to adjust. At present, it wants to retreat around 1.0800 to find support. Although there is a short-term support effect near 1.0800, combined with its yesterday's rushing down and closing a negative line structure with an upper shadow line, and the overall market is running below the moving average, the short-term market technically has further bearish repair needs, so intraday It is necessary to do a good job to break 1.0800, and even look for the expectation of 1.0730-00 support band in the later period.
GBP / USD
After the US pound surpassed the pressure measurement near 1.2340 yesterday, there was a wave of downward adjustments due to the rebound of the US dollar. It fell back to around 1.2220-00, and the daily line closed a small negative line. At present, the overall trend of the pound and the United States is weak. The 1.2200 support previously expected is also at risk. It is advisable to wait and see for the day, and focus on the 1.2200 competition test.
USD / JPY
The U.S.-Japan volatility was repaired, and it fell back to the moving average band between 107-106.8. The short-term trend has become uncertain again, and it is prudent to choose temporarily and do not intend to participate.
Yesterday, gold first oscillated within a narrow range above 1700, and the market showed a wave of ups and downs in the evening, and then the shock was repaired. Influenced by the comments of the Federal Reserve Chairman Powell, the market risk aversion increased, so that gold subsequently remained high overall. The Japanese line eventually closed a small Yang line. In the daily structure, the Yang line yesterday still had a certain degree of strength, because it stood above the short-period moving average, and responded to the uncertain state of the two-day star line, making the market structure center of gravity returned to the upper triangle interval. In the half, this increases the possibility that the market will break through the triangle upwards in the future. However, it should be noted that the current market is still in the large triangle, and the upper edge pressure 1720 temporarily has a suppressing effect, so in the case of this pressure, the short-term market still has variable factors, and the focus will be on the short-term The test below the moving average with support. If the support of the moving average band is not broken, the later market will gradually increase the probability of breaking through the big triangle upwards with time; and if the market returns below the moving average band, not only will the short-term market difficult to break up again, but will increase downward Possibility of breaking.
Yesterday, the EIA data inventory decreased, and US oil fluctuated upwards, constantly refreshing its highs, and adopted a high-sell low-absorption strategy within the day to guard against uncontrollable factors of crude oil.