Liu Xuefeng: The Key To The US Dollar Is The 80 Price.

Delaki's speech sent a thunderbolt to the euro. Delaki said: "the euro area inflation level is still at a low level. If necessary, it will take action in June, and the strong euro has also caused strong concern". This means that the European Central Bank is expected to open a window of interest rate cuts in June. The stance on the strong euro also shows the attitude of the European Central Bank to a strong euro. The euro then dropped 150 points, and it was near the 1.3750 price point early today.

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< p > of course another notable concern is the statement of congressional testimony of "a href=" //www.sjfzxm.com/news/index_cj.asp "fed" /a "Chairman Yellen, but it has not brought any shock to the market. Yellen's testimony statement is not much fresh.

Regarding the US economy, Yellen affirmed the recent US economic recovery trend, and also indicated that the US economic recovery in 2014 will exceed last year's level.

As for the job market, Yellen stressed that although the recent job market data performed well, it is still far away from the "satisfactory level". There are still a large number of long-term unemployed and temporary employment people in the United States who do not have jobs in stable jobs.

In terms of inflation, Yellen said that although inflation has risen to the 2% target set by the Fed, inflation below 2% will still be at risk.

The overall speech is not much new, and the market is flat. But Yellen has not disappointed the market, saying that the Federal Reserve will continue to gradually reduce the size of its bond purchases in accordance with the established pace.

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The trend is based on the fundamentals of this week. This week's important data are basically concentrated in the second half of the week. First, the IOL unemployment rate in Britain and IOL < //www.sjfzxm.com/news/index_cj.asp > inflation < /a > released on Wednesday. Due to the drag on the euro, the pound has also dropped sharply. The unemployment rate and inflation report will have a greater impact on the trend of the pound. Taking a look at the fundamentals of the current a href= "//www.sjfzxm.com/news/index_cj.asp" > pound "/a", the main factor is raising interest rates. The premise of the Bank of England's interest rate hike is the performance of the unemployment rate and the performance of inflation. Only the British unemployment rate and inflation data released on Wednesday show good performance, and the pound is expected to regain strength in the P. < p > then market outlook.

Followed by GDP data from Japan and the euro area countries, because of the depressed economic performance of the euro area, the GDP will not perform very well. Once the data is poor, Europe and the United States will further open up a new downward trend, followed by the US consumer price index released on Thursday, which is an important indicator of inflation. Yellen also mentioned inflation in last week's congressional testimony statement, so if the US consumer price index shows favorable inflation, then the US dollar will continue to gain.

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< p > technical aspect, the US dollar index successfully stabilized last week and the 79 point rebound. At present, we met with the last round of high rebound point and the 80 price barrier of the certificate pass. Therefore, if we want to determine the possibility of further strengthening of the US dollar in the medium and long term, then the US dollar index must first stand above 80, followed by the resistance of 80.20 weeks at the 20 week moving average. After that, 80.60 of the previous high point, and then a stable success of more than 80.60 after the medium and long term US dollar, the US dollar index is expected to record a relatively good rising trend this year.

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