The Fed’s unlimited monetary easing will eventually lead to a sharp depreciation of the US dollar . This process will last for roughly a year. As the epidemic improves and the economy restarts, the need for the US dollar to hedge risks will weaken, which will eventually accelerate this process.
The U.S. dollar appears to be gaining support in this area again. With the surge in the number of new coronavirus infections, the risk of a second outbreak increases. At the same time, IFM lowered global economic growth expectations, and the prospect of economic recovery has become more uncertain. Risk aversion funds have poured into the US dollar again, and...
Obviously, gold fundamentals are supported by complex factors such as the Federal Reserve’s unlimited monetary easing, the Sino-US trade war, and geopolitics. Especially in the context of the epidemic, the prospect of economic recession and recovery is also facing great uncertainty. These It has laid the foundation for the continued strength of gold. However, it...
Crude oil market is expected to be close to equilibrium by the end of June.The rise in oil prices to their highest level since the beginning of March was halted as the technology outlook began to become more challenging. Novel coronavirus pneumonia has shifted from OPEC+ to a new surge in the new crown pneumonia cases or a further recovery of global demand.
With the implementation of the Federal Reserve's QE policy and aggressive fiscal policy, the U.S. dollar has been overissued. Although the demand for the U.S. dollar is strong due to the epidemic in the short term, as long as the epidemic eases and liquidity is resolved, the U.S. dollar will eventually enter a depreciation cycle.
Since the fall on the 20th, for a whole month, with the introduction of the Federal Reserve's unlimited loose monetary policy and stimulus bill, a phased bottom has appeared.
As China ’s epidemic eases, production resumes, and the economy begins to recover. Coupled with the Federal Reserve ’s unprecedented monetary policy and fiscal stimulus, the liquidity of the US dollar has gradually eased, and the yuan will eventually appreciate.
Correct the trend, it looks similar to the previous structure, the probability will continue to the end of the month.
As the agreement advances and the epidemic eases, the next three months will gradually recover from low levels.
It dropped 5,000 points from the high point, but in the context of this year's US election, I don't think it will continue because the market will intervene. In addition to Trump ’s pressure and the hint of Fed Chairman Powell, there are also G7 commitments, I think Soon it will make up for the previous decline. Let's wait and see
EU The bottom signal appears, try to short.
GU,With the Brexit out of the market on January 31, it will return to a lengthy trade negotiation. The good will be exhausted, and it will start to fall sharply later, returning to fundamentals and economic data.
The second level callback constitutes the second high point. If the second high point cannot refresh the new high, a 4H level abc adjustment wave will be formed later, you can try to short.