Wu Peng: Euro Triangle To Choose Direction

In November, the US Markit Manufacturing Purchasing Managers' index was 54.8 lower than expected 55, and the US Markit manufacturing PMI final value in November was the lowest since January.

The US 11 month ISM Manufacturing Purchasing Managers Index is 58.7 lower than the previous value of 59, higher than the expected 58.

In November, the US ISM manufacturing industry new orders index 66 was 65.8 higher than the previous value.

The expansion rate of US manufacturing industry has slowed down, and there is still great potential from the new order index.

The PMI value of the euro zone manufacturing industry was lower than the initial value, with 50.1 lower than the previous value of 50.4 and the expected 50.4.

The performance of the euro area manufacturing industry has been the worst since the mid 2013.

In November, the UK Markit/CIPS Manufacturing Purchasing Managers' index 53.5 was slightly higher than the previous value of 53.2 and the expected 53. The UK 10 consumer credit (100 million pounds) was 1 billion 87 million pounds higher than the previous value of 915 million pounds and the expected 900 million pounds.

Britain's 10 central bank mortgage loan changes 1 billion 496 million pounds lower than the previous value of 1 billion 809 million pounds and the expected 1 billion 750 million pounds.

In October, the M4 money supply (annual rate) -2.6% in Britain was lower than -2.5% in the previous value.

British manufacturing PMI rebounded slightly after the third quarter weakness, and consumer credit continued to grow and consumer confidence improved.

Central bank mortgage loans continue to go down.

The British economy will gradually move on to the right track.

Moodie: Japan's sovereign rating has been downgraded from Aa3 to A1, and its outlook is stable. Japan's rating depends on whether it can achieve the goal of medium-term deficit reduction.

Japan's plan to raise the consumption tax again is postponed, and the government's goal of reducing the deficit is facing more uncertainties. It will also pose a risk to Japan's solvency and debt sustainability in the longer term.

China's HSBC manufacturing purchasing managers index remained unchanged at 50 in November, and the manufacturing sector was already on the line.

Australia's 10 monthly construction permit rate is 11.4% higher than the previous value of -11.0%, Australian 10 rose construction license annual rate of 2.5% is higher than the previous value of -13.4%.

Construction permits in Australia have risen sharply.

Australia's interest rate resolution remains unchanged at 2.5% today. The RBA: it will take some time for the unemployment rate to fall. The expected inflation rate will continue to be 2%-3% and the future employment indicators are improving.

Today's attention: 17:30 British construction in November PMI, 18:00 euro zone PPI October, the United States October construction expenditure.

Yesterday, the euro received an approximate cross star line, which still maintained a shock pattern, and the exchange rate was in the middle of the shock.

Out of the triangle on the daily line, the euro faces short-term direction.

The 4H level average system pressure on the exchange rate, the RSI combination is near 50, MACD is positive column, the overall energy is weak and the relative energy is strong.

Support: 1.2360, 1.2425 resistance: 1.2500, 1.2550.

Operation suggestion: 1.2500 near try to short, stop loss 1.2550, target 1.2425, 1.2360.

Gold rose sharply yesterday, the largest amplitude of 780 points, swallowed up the last month's K-line, the gold price has broken through the middle track, the material gold market will fluctuate above the downlink track, the 4H level RSI combination is above 50, MACD is positive column, the overall energy and relative energy are very strong.

Support: 1194, 1204 resistance: 1220, 1249.

Operation suggestion: 1204 or 1194 near try to do more, stop loss 50 points, target 1220.

The United States and Japan yesterday closed down slightly. The lowest point was 117.85. Today, 4H is gradually rising. The medium and long term average level of the 4H level is still supporting the exchange rate. The RSI combination is above 50, and the column is positive, and the overall energy and relative energy are strong.

Support 117.30, 117.85 resistance: 118.60, 119, 120.