The European Central Bank announced today the results of the talks
Earlier reports said that the central bank has a number of new officials, and the dovish level is not as good as previous officials, so it is feared that there will be an opportunity to tighten the volume and size in the future. However, the local fundamentals have not improved, and even if oil prices have risen earlier, it will be difficult to support inflation to stabilize above 2%. A rash tightening of monetary policy will have a great chance of triggering large market fluctuations. It is estimated that the authorities will maintain the policy unchanged. 1.1170 up and down.
The United Kingdom announced the initial value of various purchasing managers’ indexes in January
With the continuous improvement of British stocks, the expected data can be higher than the previous value. Although the market has recently speculated that the Bank of England has cut interest rates, the housing market data shows that the employment market is stable. The exchange rate and oil price trends indicate that inflation will rise first and then return. It seems that there is no pressure to cut interest rates sharply. For the time being, the pound has risen from 1.29 to 1.32. Although the dollar rebounded against the Swiss franc, it is expected to be constrained by the 20-antenna 0.9710 down.
US dollar index is expected to fall from 97 to 98
The United States also announced the preliminary value of the purchasing manager index for January tomorrow, which is estimated to be slightly higher than the previous value. Although Trump is facing impeachment from Congress, it is estimated that it will have little impact on the US dollar, and the US dollar index is expected to rise and fall between 97 and 98.
In terms of commodity currencies, Australia today announced employment data for December. Although the market expects the unemployment rate to be similar to the previous value, the employment prospects are weak and the employment prospects are difficult to be optimistic. Coupled with the pneumonia epidemic that plagues the Asian investment climate, the Australian dollar is expected to test 0.6750. New Zealand’s fourth-quarter inflation will be announced tomorrow morning. The market is expected to increase by 1.8% year-on-year. It is expected that the New Zealand dollar will rise from 0.6540 to 0.6650.
The Canadian dollar outlook is subject to oil price performance. Now that the situation in the Middle East has not deteriorated, it is estimated that it will be difficult for oil prices to break through the resistance of US $ 67 in the short term, which will support the US dollar against the Canadian dollar to move around 1.3050.
Japan ’s December inflation data is expected to be insufficient to change the central bank ’s monetary policy. Earlier, China and the United States signed the first phase of the trade agreement, and the relationship between the two sides entered a honeymoon period, which is conducive to the atmosphere of the market. It is a bearish currency against the yen.