Newspaper office of FX168 finance and economics (Hong Kong) the G7 summit that dispatch gets attention fully can hold near at hand, zhou San of Lukman Otunuga of analyst of ForexTime (FXTM) research (on June 6) write civil with respect to dollar and gold newest go situation undertook an analysis.
The whole world the leader of 7 the most powerful industrialized countries will at Zhou Wu (on June 8) the G7 summit that holds in Quebec gathers on the meeting.
Investor should be a potential face-off ready-made, because predict,commerce will become a when whole summit meets main topic. The upgrades to be regarded as pair of whole world economy to grow ceaselessly great menace as trade tension condition, this G7 conference is afraid meeting and differ before. Each country leader may use meeting of this one heavyweight, will solve Telangpu's president to collect the decision of custom duty of high specified number to iron and steel and aluminous entrance. If the negotiation is immersed in controversy and commerce difference, the conference may cause serious fireworks. The market will pay close attention to 7 countries closely group leader is capable to persuade Telangpu to turn round its to be opposite the iron and steel of 3 old ally of American and aluminous custom duty.
No matter the peak is met result how, its can produce lasting effect probably to global mood.
Dollar
This week, the dollar is forming impetus of be expected to fall gradually, people suspects strongly, this and market do not have any relations to the change of dollar mood.
According to the official report that issues yesterday, index of PMI of manufacturing industry of blame of ISM 5 month rises to 58.6, exceed the market to anticipate. As the service that increases steadily course of study is carried brace up add breath anticipate, people predicting dollar will continue to continue go up situation.
The price goes situation make clear, the dollar depreciates the culprit of backside may be investor gain profit finish. Although the dollar is in short-term inside still have drop space, but of main area bullish may restrict trend of be issued to lower levels.
Look from technical level, on day wire attempt, dollar index is in pressure under, maintain at present in 93.7 lower part. Dropping impetus may be a burden on its drop to 95. If drop,break this one level, may bring about its to drop further 93.35.
Gold
Having a kind of possibility is, avoid danger gold is awaiting G7 peak of Zhou Wu to meet, in order to brew below one great go situation.
Although global commerce worries about the dominant theme that still is the market, but the move that gold needs a kind of new activator to be produced to safety endowment quickly apparently. If Telangpu creates disorder and uncertainty during the peak is met, its may become the activator that this is badly in need of. The aggravate that commerce worries about is caused new round avoid danger tide, may drive gold price to rise to 1300 dollars taller even.
Look from technical angle, on Zhou Xiantu, gold still is in bide one's time condition, 1300 dollars act as psychological level. Be like strong breakthrough 1300 dollars, may make its rise to 1324 dollars. On the other hand, if be in,lower part of this one level lasts fatigued and weak, may open wide the gate that drops to 1280 dollars level.
