Aussie Dollars Take A Short Ride Or Do Not Need To Be Discouraged.

On Wednesday (February 4th), the Australian dollar was sorted out against the US dollar and is now trading at 0.7790.

The Australian dollar has seen a roller coaster ride overnight, the RBA.

The move has slumped more than 150 points in exchange rate, but since then, commodities, especially copper prices have risen sharply, making it back on the rebound.

On Tuesday, mass copper launched a massive counterattack under the price of crude oil, leaving the Australian dollar free from the downward pressure of 25 points in the Asia Europe era when the RBA announced its interest rate cut.

The RBA announced a 25 basis point cut in overnight interest rates to a record low of 2.25%, a move aimed at stimulating the depressed economy and continuing downward pressure on the Australian dollar.

But for Australian dollar bears, there may be no need to be discouraged about such a short rally.

In terms of overall fundamentals, the RBA may still have a further interest rate cut ahead of its interest rate cut.

Interbank interest rate futures jumped after the Fed cut interest rates. The market expects that the target rate will further fall to 50% for the next meeting of the Federal Reserve in March.

Jonathan Cavenagh, Jonathan Cavenagh's foreign exchange strategist, said, "0.75 seems to be a natural target. I expect that if the time is not earlier, that is, within two weeks, the exchange rate will fall to 0.75.

Below this position, the market will enter the node. If the RBA cuts interest rates again, then the Aussie will undoubtedly fall to the top 0.70.

The key to the near future is Friday.

Quarterly monetary policy report of the Federal Reserve.

The RBA may lower some of the economic data.

Technically speaking,

The hourly chart shows that a trend line support mentioned overnight is indeed a boost to the exchange rate near 0.7630, but the Australian dollar since then has been more or less unanticipated.

Technical indicators, the current average system is arranged in a long way, MACD (12, 26, 9) main line and signal line up, the day can pay attention to the resistance of the 200 hour average line, if sustained resistance will return to the downward trend.

Beijing time 11:25, Australian dollar to the US dollar newspaper 0.7795/97.

Related links:

"As a fixed rate of return investment, the expected return on financial products in the near future is once again warmer, which is closely related to the tension of capital market."

A joint-stock commercial bank product development department disclosed to reporters.

In the industry view, the first quarter of the year is the peak period of traditional credit, which makes the demand for funds strong.

The central bank also reopened the open market operation in the late 1 months. On Tuesday, the central bank carried out a 30 billion day 7 day reverse repurchase operation in the open market, and then launched a 30 billion day 28 month reverse repurchase.

Statistics show that as of last weekend, the central bank has totaled 110 billion yuan in capital investment.

The trend of Shanghai interbank offered rate (Shibor) after February has also shown that banks have recently become trapped in "tight money".

In February 3rd, the Shibor interest rate continued to rise throughout the previous trading day.

Overnight interest rates rose 6.54 basis points to 2.9544%; 7 day interest rates rose 13.63 basis points to 4.3933%; 14 days interest rates rose 0.99 basis points to 4.9189%.

In addition, the intensive issuance of new shares has added a "magic spell" to the recently strained capital market.

Minsheng securities estimates that 24 new shares will be issued in February 9th, with a freeze of 2 trillion and 600 billion yuan.

"When the Spring Festival draws near and the year-end bonus will be issued to the public, the banks will also raise the rate of return in the form of Spring Festival holiday financial products for the purpose of absorbing deposits."

A state-owned bank financial planner told reporters, "it is recommended that investors should seize the high yield last class bus of this financial product, timely purchase high-yield financial products to lock in high-yield, and after the Spring Festival, the yield of financial products is expected to return to a downward trend."

Niu Wen, an analyst with bank rate network, also suggests that investors can actively buy financial products that invest in the money market before the holidays, such as money market special investment plans issued by IMF, bank financial products, securities firms or trust companies.