This article is daily technical analysis from Ray Shen
USDX

The annual rate of the U.S. PCE price index in September fell short of expectations. U.S. personal spending fell short of expectations in September; U.S. jobless claims for the week ended Oct. 26 were broadly in line with expectations. Specific data showed that the annual rate of the U.S. PCE price index released in September was actually 1.3 percent, 1.4 percent expected and 1.4 percent expected. The U.S. core PCE price index actually posted a 1.7 percent annual rate in September, expected to be 1.7 percent, compared with 1.8 percent in September.
U.S. employers added 125,000 jobs to their payrolls in October, compared with an expected gain of 110,000 and a 93,000 advance. The data, known as a small non-farm payrolls report, has a good chance of showing a better-than-expected non-farm payrolls report for October. Challenger vice President, employment data firm: as we move into the fourth quarter, layoffs in most industries are stabilizing. Increased job losses in some sectors, particularly those hit by new technology, trade uncertainty and falling demand; We have seen many steel companies announce layoffs last month for a number of reasons, including steel tariffs, falling demand and market conditions. The 24 major investment Banks’ forecasts show a wide range of expectations for nonfarm payrolls growth, with the October quarter forecast ranging from 25,000 to 140,000, the unemployment rate between 3.5 percent and 3.6 percent, and average hourly annualized wage growth between 2.8 percent and 3.1 percent.
The dollar index continues to bear pressure down, the lower short-term support at the 97.00 integer mark, and then the lower support in the brin channel under the track near 96.80, the upper pressure in the vicinity of 98.00.

USD/JPY
The fed cut interest rates for the third time the dollar index fell back, and trade situation in the regeneration of uncertainty also makes the safe-haven yen higher, with the practice of the European central bank, the bank of Japan for reference to abandon the date reference, and maintain the interest rate forward guidance or as long as necessary, yields in the current or lower level of strategy, but the bank of Japan policy space is still limited.
USD/JPY under pressure to 108.00 mark, if the break is expected to look down to 107.00, the short-term pressure above 108.50, then the pressure above the 200-day average around 109.00.

GBP/USD
Pound had surged 0.5% against the dollar, a week and a half high to 1.2976, benefited from the federal reserve to cut interest rates for the third time, in addition, an early general election in Britain after the dust settles, institutions for the latest reflection that people mediation, the tories will narrowly won a parliamentary majority seats, don’t need to have other party coalition, which will pave the way to take off to approval by the agreement. The positive news also helped the pound double. The bank of Denmark says if the conservatives win a majority in Britain’s early general election in December, it means Johnson won’t have much trouble implementing his brexit deal. Indeed, a slim Tory majority would be enough if Mr Johnson were independent of the dup and brexit.
The pressure above the pound is around 1.3000, with the previous high at 1.3012, and the breakout is expected to be around 1.3200, with short-term support below 1.2900 and support below 1.2800.

XAU/USD

The Federal Reserve announced its third interest rate cut this year, the dollar fell, gold rose, U.S. bond yields fell further, and there are still a lot of uncertainties about the trade situation, investors’ concerns have not dissipated, also make gold more attractive, which will be a long-term negative factor of global economic weakness.
Gold is up again, but it is not yet clear whether the convergence of the triangle pattern will break up, with the upper pressure around 1520 and the lower support at 1480.

USO/USD
Oil prices fell for the fourth consecutive time, hitting a new low of $53.71 / BBL in more than a week. The expectation of economic stabilization brought by the fed’s rate cut made oil prices rise to above $55.5 / BBL for a time. Investors are also turning to the subsequent OPEC+ meeting to focus on further production cuts, but with oil prices still weak against the backdrop of past production cuts, you can see pressure from weak demand.
New York crude continued to come under pressure, below the 54 mark to support around 52.00, above the short-term pressure at 55, then above the pressure at 57.

PS: Today focus
17:30 UK Markit manufacturing PMI in October
20:30 change of non-farm payrolls in October after quarterly adjustment (10,000)
20:30 Us unemployment rate in October (%)
20:30 average monthly rate of hourly wage in America in October (%)
21:45 final us Markit manufacturing PMI for October
22:00 us ISM manufacturing PMI in October
Markets will be closed for Halloween in Italy, France and Spain
The above views are for reference only, not for ordering basis. Investment is risky, so proceed with caution.
