The rushing euro and crude oil, how to interpret the non-agricultural night?

The overnight market ushered in the double test of the European and British central bank interest rate decisions. Under the hawkish speech of European Central Bank President Christine Lagarde, the euro quickly rose by more than 100 points. As the largest weighted currency in the US dollar index, the sharp rise in the euro made the US index suffer. The pressure fell, so crude oil and gold both rose

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Lagarde delivered a speech on inflation, mentioning the risk of inflation continuing to rise, which is regarded as a signal that the water will be closed early this year. The currency market's expectation for the European Central Bank to raise interest rates this year has been advanced from September to July. The dollar finally closed in the sun, showing a strong performance. From a technical point of view, the bullish trend of Europe and the United States has been strengthened. At present, the support has moved up to around 1.1380. This support is mainly bullish in the day. If it effectively breaks through the previous high resistance of 1.1480, the target will be around 1.1540.

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In terms of crude oil, as the US index fell, OPEC insisted on a small increase in production, and the situation in Russia and Ukraine continued to ferment, multiple favorable factors pushed oil prices to advance soaring. From a technical point of view, the current US oil support has moved up to $88.80, and it will continue to rise above this level within days, with a target of $90-92

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Gold did not show too much strength in the case of a sharp drop in the US index overnight, indicating that the bulls did not follow the wind, or laid the groundwork for tonight's non-agricultural work in advance, and beware of an unexpectedly good situation in the non-agricultural market, which would be bad for gold. The data market is subject to the data results. If the non-agricultural sector declines like ADP, the gold price is expected to be around 1820. If the non-agricultural performance is good, the gold price will fall to 1790.

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The above content is for reference only and does not constitute the basis for order construction. Investment is risky, and transactions should be cautious.