The European Union Enters The Winter When The Fed'S Interest Force Enters The Market.

Last week, the overall rhythm of the exchange market was mainly based on shocks, while non US currencies fell slightly, but commodity currencies were relatively strong.

Last Friday, non US currencies rose across the board, but the Canadian dollar remained weak, the only currency that had fallen against the US dollar.

The US stock market continued to rise on Friday, with the Dow Jones industrial average rising 0.77%, closing at 16805.80 points, the NASDAQ index rising 0.69%, closing at 4483.72 points, and the S & P 500 index rising 0.70%, closing at 1964.55 points.

The rise in US stocks reflects that the previous worries in the market have completely subsided and replaced by risk appetite.

However, the rise of the US stock market last week may just be a return to the light, because the Federal Reserve will hold interest rate resolution meetings this week. At the meeting, the most important topic is to end the third round of quantitative easing policy. This policy has been published for several months. Although a few Federal Reserve officials expressed the view that QE3 should continue, in general, the Federal Reserve believed that QE3 had come to an end. Once the quantitative easing was over, there would be a pressure on the rise of US stocks. If the Fed made more explicit instructions on the timing of raising interest rates, then the rise of US stocks would be under greater pressure.

When Europe began to enter the winter today, it was concerned about the performance of Germany's IFO business index in October.

In the evening, the US service industry and the comprehensive purchasing managers' index will also be released.

Operation suggestion:

The Australian dollar retested 0.8820 in early trading today and was suppressed.

Since the price fell from September 25th, the Australian dollar's upward trend has been suppressed. Again, today's resistance has shown that the trend of the Australian dollar's overall volatility has not changed.

From the four hour graph, the previous line of the hatching line swallowed up the front line, indicating that the Australian dollar's short term downtrend still existed. When it was waiting for the callback, it would return to the Australian dollar again near 0.8810 and stop 0.8830.

The New Zealand dollar has been weakening in recent years.

On Wednesday, the New York dollar plunged back to a range of 0.7900 to 0.7700 on the Japanese line, representing the New York dollar's downward trend, with the target below 0.7700.

At present, the uplink resistance of the New York dollar line is at 0.7900, while the uplink resistance of the four hour chart is in the 0.7880 line. Therefore, the price can be selected again in the 0.7880 to 0.7900 interval, and the stop loss will be 0.7920, and the target will be near 0.7700.

The overall trend of us and Canada is still around the four hour chart, the 1.1220 line of resistance.

The downward resistance of the Japanese line is 1.1205, which has remained stable after several tests, indicating that the support strength under the US and Canada is relatively strong. The US and Canada still maintain many single thoughts in operation, but the trend of the Japanese market is gradually converging. When we need to choose the direction to break through, we suggest that we wait for a breakthrough of 1.1260, and then return to 1.1220 to enter more orders and stop losses 1.1200.