[ad_1]
Original caption: Decision analysis: Trump tweeted again: I won the election! Beware of your last minute attack on China’s gold price, extremely close to 1900
FX168 Financial News (Hong Kong) News Monday (Nov 16) Asian business hours, market risk sentiment is more optimistic, Asian equities collectively rallied, MSCI Asia Pacific Index (excluding Japan) rose 1%, reaching the Highest level since its launch in 1987 Level.
At the close, the Nikkei 225 index closed up 2.05%; South Korea’s KOSPI index closed 1.97% higher. In the morning, the Australian ASX 200 index hit an eight-month high and then trading was suspended due to a malfunction.
At the same time, E-mini S&P 500 index futures rose 0.6%, E-mini Nasdaq 100 index futures rose 1%, European stock index futures also rose strongly, European index futures STOXX 50 were up 0.8%, FTSE Futures were up 0.5%.
After the positive close on Wall Street on Friday, the Asian market was boosted again this morning. 15 Asia-Pacific countries signed the Regional Comprehensive Economic Partnership Agreement (RCEP). All ten ASEAN countries and 15 countries are participating, including China, Japan, South Korea, Australia and New Zealand. After eight years of negotiations, this agreement was reached among a wide range of country groups, which is an achievement in itself.
In the currency market, the US dollar fell slightly, but the overall balance was basically flat. Most currencies outside of the US rallied higher, with the New Zealand dollar leading the way.
In terms of commodities, spot gold maintained its uptrend throughout the day, peaking at $ 1,899. The focus of attention became the 1900 mark. Silver once expanded earnings above $ 25 on the day.
In the Asian market, economic data from Japan and China contributed to market optimism. Japan’s economy grew at the fastest rate recorded in the third quarter, and China’s industrial value added in October grew better than expected year-over-year.
Other than RCEP, there are no surprises this weekend. The Covid-19 epidemic continues to ravage the United States and Europe, and has increased in Latin America, with cases in Mexico exceeding one million.
US President Trump continues to delay President-elect Biden’s transition to rights. Around 0 am ET on the 16th, Trump tweeted that “I won the election.” Subsequently, his tweet was officially labeled by Twitter as “different from the election result by official sources.”
Analysts said that while US President Trump still refuses to admit the election has failed, some traders have turned their attention to President-elect Biden’s cabinet candidates.
“Over the weekend, the uncertainty about the US presidential election has lessened. Biden is sure to get more votes and merchants are more willing to take risks. I hope the next administration will take action to tackle the epidemic soon. “said the CEO of Mizuho Securities. Said currency strategist Masafumi Yamamoto.
Additionally, Axios reported that Trump plans to take a series of aggressive political actions against China in the next 10 weeks. CNN also confirmed that before the Biden administration came to power, the Trump administration plans to continue implementing its tough policy toward China in the next two months.
Daytime focus, weather vane:
4:40 PM RBA President Lowe speaks at CEDA’s Annual Dinner
21:00 The President of the European Central Bank, Lagarde, delivers a speech at the opening ceremony of the “Pioneers of Change” Summit of the World Economic Forum
9:30 PM New York Fed Manufacturing Index for November US
At 03:00 the next day, Fed Vice President Clarida delivered a speech on economic outlook.
Analysis of the main currencies:
EUR: The euro / dollar continued to rise after two consecutive days of small gains, and is currently trading around 1.1850. Technically, the red MACD kinetic energy column on the daily chart is basically stable, the RSI indicator is stable at the 50 level, and the KDJ indicator is stable above the 50 level, indicating that the price is still consolidating. Initial short-term support is at 1.1800 and initial resistance is at 1.1880.
GBP: After the pound / dollar rose near the 1.32 mark the day before, it continued to rise and broke this level on the day. From a technical perspective, the daily MACD red kinetic energy column is basically stable, the RSI indicator remains stable above the 50 level, and the KDJ indicator remains stable below the overbought level, suggesting that the direction is unknown. short-term price or price will continue to consolidate. Initial short-term support is at 1.3140 and initial resistance can be seen at 1.3250.
Japanese Yen: The US dollar / yen has been under further pressure after falling for two consecutive days and is currently trading around 104.55. Technically, the red column of MACD kinetic energy on the daily chart weakened, the RSI indicator fell below the 50 level, and the KDJ indicator remained stable above the 50 level. Bearish price momentum is expected to increase. Initial short-term support is at 104.00 and initial resistance is at 104.80.
Massive information, accurate interpretation, all in the Sina Finance APP
