camstrippoker|欧元/美元、美元/日元技术分析

Huitong Financial App News-- EURUSD fell slightly in European trading on Thursday (May 2), trading at 1.CamstrippokerNear .07. The dollar / yen traded above 155.

EUR / USD is above 1.07

Investors continued to digest the Fed's interest rate decision yesterday as the euro / dollar retreated after rising. The Fed left interest rates unchanged at 5.25% to 5.5%, while Powell gave a mixed message.

Although Federal Reserve Chairman Colin Powell dismissed expectations of raising interest rates this year,CamstrippokerHe said the Fed was in no hurry to start cutting interest rates. The market now expects interest rates to be cut by 35 basis points this year, up from 29 basis points before the meeting. This suggests that the market interprets the lack of change in forward guidance as a tendency towards dovish positions.

Ahead of Friday's non-farm payrolls report, attention will now turn to U.S. jobless claims and challenging layoffs. Weak data could pull down the dollar.

At the same time, the euro has rebounded from last month's low as the outlook for the eurozone economy improves. The latest figures are generally surprising. However, the ECB is still expected to cut interest rates for the first time in June.

The eurozone economic calendar is relatively light today, with only eurozone manufacturing PMI data slightly revised up to 45.7. Philip Laden Students, chief economist of the European Central Bank, will give a speech later today, and outsiders will be watching closely.CamstrippokerHis remarks, looking for clues about the future trend of interest rates.

Technical Analysis of Euro / USD

(euro / USD daily chart source: Yi Huitong)

EUR / USD continues to trade on the downside. The price has rebounded from its April low of $1.06. However, the recovery stalled around 1.07. Buyers need to rise above last week's high of 1.0750 to extend earnings to 200 moving averages and 1.08, resistance.

If the seller manages to fall below 1.07, the next support level will be this week's low of 1.06501.06 to become the focus again.

The dollar / yen rebounded from 153.15

(USD / JPY 4-hour figure Source: Yi Huitong)

Against the backdrop that the Japanese authorities may intervene in the foreign exchange market again, the yen / dollar exchange rate continues to fluctuate and the yen is under pressure again.

Traders believe that the huge interest rate gap between Japan and the United States will continue for some time, which will help the currency pair recover.

Jerome Powell, Fed chairman, yesterday played down speculation about further rate rises amid stubbornly high inflation, but added that central bankers were in no hurry to start cutting rates.

The Fed did not change its forward guidance, which continues to indicate that it tends to cut interest rates sometime this year, which is considered dovish, causing the dollar to fall against major currencies.

Meanwhile, minutes of the Bank of Japan's March policy meeting show that the Bank of Japan will continue to support the economy to achieve a domestic demand-driven recovery. It is worth noting that things have changed a lot since the Bank of Japan (Bank of Japan) raised interest rates for the first time in 17 years in March.

Looking ahead, ahead of tomorrow's crucial US non-farm payrolls report, attention will focus on US jobless claims and challenging layoffs. Weaker employment data are likely to pull down the dollar / yen.

Technical Analysis of USD / JPY

The USD / JPY fell sharply to a low of 153.15, the 200 moving average on the four-hour chart, before recovering somewhat. However, it has failed to regain the upward trend line resistance since April last year.

Prices are stable above the 100 moving average and 155.00 support, which has led prices higher over the past two weeks.

With RSI below 50, sellers may consider testing 155.00. Falling below this level will open the door to the 200 moving average and weekly low of 153.15.

On the other hand, if the market goes higher, any recovery needs to first break through trend line support 156.25 and above today's highs, and then launch a test of 158.40.

Beijing time 19Camstrippoker: 28, EUR / USD 1.07, down 0.10%. The dollar / yen rose 0.21% to 154.929.

[risk Tip] according to the relevant regulations on foreign exchange management, the buying and selling of foreign exchange shall be carried out at the trading venues prescribed by banks and other countries. Whoever buys and sells foreign exchange privately, buys and sells foreign exchange in disguise, buys and sells foreign exchange or illegally introduces a relatively large amount of foreign exchange shall be imposed by the foreign exchange control agency according to law; if the case constitutes a crime, he shall be investigated for criminal responsibility according to law.