European and American holiday exchanges in the second quarter of the US dollar or "resurrection"

Although this may be true, the lifting of short-selling deals may be more due to concerns over trade wars, ease of tension on the Korean peninsula, and a sharp drop in bond yields in major markets.

In the past 30 days, German 10-year bond yields have fallen by 20 basis points, while Spanish bond yields have fallen by 50 basis points in the past month. It is clear that investors are pricing – this is the result of the ECB’s delay in tightening its policies. At the same time, the Bank of Japan is still gradually reducing its quantitative easing policy.

As a result, the dollar may continue to regain lost ground and track down the decline in inflation/growth expectations in major markets. This means that unless the negotiations between China and the United States break down, leading to a full-scale trade war, the focus may turn to poor yields.

It is worth noting that the first quarter was not friendly to the US dollar, and the 2.3% decline was not surprising. As for today, the foreign exchange market may be weak due to the calm of Easter.

The euro is now at 1.2323 against the US dollar, up 0.19%. The European Central Bank is closely monitoring inflation data to justify the rate hike cycle. The previously announced German price index shows that the European Central Bank may be too loose on inflation.

German consumer price growth was weaker than expected. The European Central Bank is no longer eager to adjust its forward-looking guidelines, and the latest policy arguments are more cautious. Germany's CPI growth rate rose from 1.4% to 1.6%, while the German unemployment rate fell from 5.4% to 5.3%.

The next data to push the euro should be the Eurozone inflation data released next Wednesday. Any surprise in the data may bring some new impetus to the euro.

The euro is bearish for the short-term, but the exchange rate is close to the bottom of the monthly chart. It needs strong incentives to fall below that level. Any downside in the context of ultra-low trading volume may be quickly reversed.

GBP/USD is now at 1.4051, an increase of 0.24%. The pound fell against the dollar for the third consecutive day, and the poor third-quarter GDP data in the UK suppressed the pound.

The UK's economic data is positive, indicating that the UK is on the road to Brexit, but the pound is still under pressure, and the UK's economic growth is not in line with the Bank of England's expected signal.

The UK's GDP and current account economic data released on Thursday were positive, but there are still uncertainties in the interest rate hike, and the pound is under pressure. The data shows that the UK economy expanded 1.8% between 2016 and 2017, slightly lower than between 2015 and 2016, meaning that the UK is the slowest growing country in the world and seems to hurt the pound.

Bank of England Carney said it will raise interest rates ahead of schedule, and the UK's 2018 GDP growth forecast also rose from 1.5% to 1.8%. Emotions in the market that are worried about the path of raising interest rates all constitute resistance to the pound.

Although the pound has fallen by two large numbers since the March 27 high, the pound is still expected to rise 2.15% this month. The pound rose 4.18% during the year, due to the positive outlook for Brexit. The market expects the Bank of England to raise interest rates If the UK's economic growth is at risk, the pound may still fall below 1.350 against the dollar.

USD/JPY is now at 106.19, down 0.23%. The exchange rate fell after hitting a high of 107.00 on Wednesday. Despite positive market sentiment, US Treasury yields were weak.

The first quarter of 2018 officially came to an end, and the market has experienced large fluctuations in the past three months. The most eye-catching performance is the yen, and the yen has risen sharply against all major currency pairs.

Japan’s economic data released on Thursday morning was brilliant. In February, Japan’s retail sales rose 1.6% year-on-year, slightly lower than market expectations of 1.7%, but still higher than the previous value of 1.5%. Japan's February retail sales monthly sales rate recorded 0.4%, while the previous value was -1.6%.

Japan's large retailers in February recorded an annual sales rate of 0.6%, much higher than the period value of -0.5%. Sales data growth is usually a sign of rising inflation. Japan’s unemployment rate in February was 2.5%, lower than the previous forecast of 2.6%.

The core CPI of the Tokyo Consumer Price Index is 0.8%, which is less than the previous estimate of 0.9%. The Tokyo Consumer Price Index is used as a weathervane for future national inflation data.

The Australian dollar fell against the US dollar in the day, and is now reported at 0.7704, an increase of 0.34%. The AUD/USD once fell to a low of 0.7642 in 2018 yesterday, and eventually rebounded from this level and moderately closed up. The main data released by Australia has little effect on the exchange rate.

In Australia, the monthly rate of private enterprise loans in February was 0.4%, the previous value was 0.2%, and the annual rate was 4.9%. The global stock market actively boosted the Australian dollar against the US dollar. As the exchange rate rose little, it remained under pressure around 0.7700. It is expected that the Australian dollar will resume its downside against the US dollar after the holiday.

The US dollar against the Canadian dollar is now at 1.2865, a drop of 0.15%. Analysts said that although Canada's real GDP fell by 0.1% in January, below the generally expected growth of 0.1%, they still expect GDP growth of 1.5% in the first quarter.

Canada’s GDP is below consensus and fell for the first time in five months, the worst performance since June 2016. Having said that, but because of temporary factors affecting economic growth, this decline does not need to be too worried.

The market expects that subsequent accelerated growth as a pre-election gift will provide substantial support to the Canadian economy. This is of course the result of smooth progress in the North American Free Trade Agreement negotiations in the coming weeks. After years of stagnation, the suppression of good momentum in the manufacturing industry will be disappointing.

★ Crude oil futures: OPEC share is shrinking, oil price fluctuation risk is increasing ★

Affected by Easter, the US and the two oils are closed today. US oil closed at $64.91 per barrel yesterday; Brent crude closed at $68.76 per barrel yesterday.

Some analysts have said that if OPEC stops production at the end of this year, oil prices will fall steadily in 2019. At the same time, if OPEC does not explicitly indicate to the market that the production period will be extended, the oil market will also be hit hard.

Non-OPEC oil producers such as OPEC and Russia reached a production reduction agreement in November 2016, with plans to cut production by nearly 2 million barrels per day, thus solving the problem of oversupply that has been plaguing the crude oil market since 2014.

The current production reduction agreement has been extended to the end of 2018. Saudi Arabia recently said that the production reduction agreement needs to be further extended. Since the beginning of this year, the international oil price increase has been significantly higher than expected. The price of ICE Brent crude oil hit a high of 71 US dollars per barrel in January this year.

Higher oil prices have already spurred countries such as the United States to substantially increase production, which means that if OPEC members continue to cut production, they will give up market share.

As US crude oil production continues to rise, OPEC oil producers are losing market share. This has brought huge uncertainties to the oil market, and the risk of large fluctuations in oil prices is increasing in the future.

Since the policy meetings of the OPEC organization will only be held twice a year, and usually their major decisions will be made at the last minute, this will weaken the organization's lack of sufficient resilience to the rapidly changing market situation.

On the other hand, China's tax rebate program will help support oil demand. Wang Xiao, head of Guotai Junan Futures Research, said in a report last Friday that the report will pay oil prices in renminbi, which will also benefit the crude oil futures market. He added that Shanghai's crude oil has risen more than Brent and WTI.

★ Both Shanghai and Shenzhen stock markets rose on Friday, and the GEM index hit the biggest monthly increase in two years ★

The Shanghai Composite Index closed up 8.37 points on Friday, up 0.26% to 3168.90 points. Shenzhen Composite Index closed up 112.74 points on Friday, up 1.05% to 10868.66 points. The Shanghai and Shenzhen 300 Index closed up 4.45 points on Friday, up 0.11 %, reported at 3988.50 points; the GEM index closed up 58.29 points on Friday, or 3.16%, to 1900.48 points.

★ Precious metals: US and Russia "war" is expected to help gold prices ★

Just as Western Easter is coming, spot gold is closed for one day. The gold price did not perform well this week and faced selling pressure for three consecutive days. Gold bulls temporarily took a breather on Thursday as the dollar rose weakly.

The previously announced PCE inflation data and the US initial report were brilliant, the US dollar index continued to climb, and once again stood at the 90 mark, gold was under pressure. Affected by the trade tax risk and the strong performance of the US data, the spot gold market hit a low of 1321.14 US dollars / ounce.

In the trade war, according to US Commerce Secretary Ross, Trump’s statement on China’s tariffs will soon announce that steel tariffs will not push up inflation. However, the Federal Reserve’s Huck has different views. He believes that Trump’s tariff measures may push up inflation and lead to an increase in interest rates.

In addition, although the situation in the DPRK and the ROK is expected to ease, the tension between the Western countries and Russia is heating up, and the risk aversion of investors has not completely faded.

According to reports, Russian Foreign Minister Lavrov said that Russia will expel 60 US diplomats. The US State Department said that Russia’s expulsion of US diplomats shows that Russia has no intention of conducting dialogue.

The US dollar has rebounded recently, but its trend is still in a short position and has not broken the long-term downtrend. A weaker dollar is also in the interest of the Trump administration, all of which indicates that gold prices will continue to rise. Many analysts expect gold prices to climb to $1,500 per ounce this year, given the safe-haven nature of gold.

Huitong Finance and Economics Huihui market software shows that Beijing time at 16:40, the US dollar index reported 89.8916.

(Editor: Wang Zhiqiang HF013)

Knitting Woolen Goods

At the same time in the last century, a company, specialized in faux fur research and development, was founded on the coast of the beautiful Tai Lake --- Wuxi Shuangda Plush Co., Ltd.

Knitting Woolen Goods,Knitting Wool ,Knitting Yarn ,Double Knitting Wool

Wuxi Shuanglida Plush Technology Co., LTD , https://www.sd-fauxfur.com