Entering the first month of 2024, the dollar continues, but the strength is not too strong, on the whole, the current ** has entered a critical moment, just tonight the Federal Reserve will hold an interest rate meeting, Chairman Powell will hold a press conference after the meeting, further elaboration of the US dollar monetary policy in the later period, which will form new expectations for the market, the market's current overall view is that the Fed pauses interest rate hikes is basically certain, but when to cut interest rates, this has no clear timetable, As a result, the trend of the dollar fell from the high point at the end of last year, to the technical ** in the first month of this year, but also a good interpretation of the current dollar trend, the market rumors are that the U.S. economy is basically a soft landing, but it may be too early to turn into interest rate cuts, in the end it is only the first month of the interest rate meeting, the Fed's operation is likely to be moderate, but the dollar is currently in the first position, basically a strong resistance in the medium term, this week there is the European Central Bank's interest rate meeting and non-farm payrolls data, To grasp the volatility of the market, it is necessary to combine these three factors.
*Tactics. ** In the early stage, it was said that it is a slope upward, but the amplitude is not large, there is no large unilateral fluctuation, but there are several major fundamental news this week, the volatility of the market is bound to increase, and at present** stands on the 2030 bullish signs a little more, below 2025 can see a short-term reversal point, above the resistance to see 2060, below the large range of support to see 2015.
GBPUSD.
The pound said 1 before2630-1.The range of 2750, this range has been gone for almost a whole month, the overall trend to see that the pound is still in a bullish cycle, but the current trend is not strong, if the retracement is also more than 100 points of trend, the first support level to see 126 integer digits, 125 is the medium-term long-short conversion point, do not fall below this point, the long-term trend, or the basic long opportunities are more.