Wonderful introduction:
Let the sorrows be full of worries, and can't sleep, push the moon. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn Official Website]: The US dollar has risen slightly, consumer sentiment continues to deteriorate, and the United States may scare itself into recession!". Hope it will be helpful to you! The original content is as follows:
Earlier on Thursday, trading activity in financial markets remained relatively calm as investors were preparing for preliminary data on Purchasing Managers Index (PMI) in Germany, the euro zone, the UK and the United States. The U.S. economic calendar will also release weekly initial jobless claims and April existing home sales data, with officials from major central banks going to speak later that day.
In Thursday's Asian trading session, the House Rules www.avaforexcn.committee approved a www.avaforexcn.comprehensive tax cut bill by U.S. President Donald Trump. The House is expected to vote on the bill in a full vote after the debate later that day. Meanwhile, U.S. Treasury yields soared late Wednesday after weak demand for the 20-year Treasury auction. The benchmark 10-year Treasury yield rose more than 2.5% on Wednesday and reached its highest level since February above 4.6%. After closing in the negative area for three consecutive days, the US dollar index fluctuated in a narrow channel above 99.50.
Basic foreign exchange market trends:
Euro/USD remained above 1.1300 in the early trading session of Europe on Thursday. Later in the meeting, the ECB will release accounts of the monetary policy meeting.
The pound/dollar climbed to its highest level in more than three years on Wednesday at 1.3470, but wiped out some of its daily gains during the U.S. trading session. The pair fluctuates in a narrow range of slightly above 1.3400, beginning the European session.
Atsushi Mimura, deputy minister for international affairs in Japan's Ministry of Finance and top foreign exchange official, said earlier Thursday that they did not discuss foreign exchange levels at the meeting of the finance ministers. USD/JPY is still on a downward trendand traded in the negative area below 143.50.
Bulle market fundamentals:
Gold prices fell from their last two-week highs, near the $3345-3346 area touched this Thursday, and traded with a moderate positive bias in the early European session.
Analysis of major currency trends:
Euro: The euro/dollar rebound from 1.1064 is underway, and intraday bias remains upward. The correction from 1.1572 may have been www.avaforexcn.completed in 1.1064. There should be a further rise, first retesting the 1.1572 high. A resolute breakthrough will restore a larger upward trend. The next near-term target will be the 61.8% forecast of 1.0176 to 1.1572, from 1.1064 to 1.1927. On the downside, breaking through the 1.1217 secondary support level will delay the bullish situation and turn to intraday bias neutral again.
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