Biden officially signed the debt ceiling bill, what impact will it have on the future?

Precise card Before the default deadline for the US debt ceiling on October 18, Biden signed a bill to raise the debt ceiling, giving the entire market a sigh of relief. Because the signing of this bill allows the U.S. government to issue new bonds again to redeem the maturing national debt and interest. At the same time, a portion of the funds can continue to be used for expenses without the government shutting down. So this bill Although there is only a small amount, it at least saved the US government and the US Treasury bond market. However, the price is that the US debt ceiling has increased again, and this thunder is getting bigger and bigger.

As the U.S. Treasury debt crisis is eased to a certain extent, the market sentiment will of course also be eased. This can be seen in the market. Part of the clues can be seen in the market, especially after the House of Representatives went through the motions to complete the bill’s vote. The small pullback was actually something that many people did not understand at the time. Why did the US dollar index not rise but fall after the US Treasury debt crisis subsided, and the reverse market went out again? In fact, this issue is not that complicated. The main reason is that the US dollar index has been artificially distorted and forcibly pulled up a lot, so when the crisis is eliminated, the market will inevitably make corrections, so that the US dollar index will show a rapid decline; however, When the price comes near important support, the disk will naturally show a rebound. So why did the market suddenly go out of the first decline and then rise yesterday? This is the fundamental reason.

However, as time has come today, the market trend and sentiment has obviously changed again, which makes the trend that was clear from the technical side once again confusing. We can't help asking, should the dollar index rebound higher or continue to fall in the next step? This answer may only be known by time.

Based on the analysis and understanding of the overall situation of the school, there has been a large demand for correction in the current U.S. dollar index. After all, the U.S. dollar index has not yet reached the time when it needs to really rise. In addition, the U.S. dollar index needs to be adjusted further before it can be exported. Help, this is also one of the responsibilities shouldered by the dollar index. The school has always emphasized that the exchange rate is a political and economic regulator. The dollar index is an important part of the global financial system, especially an important reference standard for the exchange of the dollar against other currencies. Its importance is self-evident, and it also shoulders many responsibilities. , All need to be realized and completed one by one, and this state will continue for a long time.

Looking at today’s trend, after careful consideration, the school believes that today’s dollar index is more likely to continue to show a weak market. After all, the dollar index needs to be revised too much, so it will be an inevitable drive to continue to go out of the downward market today. This is also an important core element of today's Huiping analysis, and the strategic layout will also be developed around this idea for reference!

【Trading straregy】:

EUR/USD:

Although Europe and the United States showed a certain decline yesterday, the overall pattern is gradually changing toward bullishness. Therefore, today's operation needs to choose the opportunity to buy on the dip. In combination with the disk, the following suggestions are given, and refer to the operation as appropriate. Weak position:

Buy in the 1.1590-1.1600 range, stop loss 20 points, and target 1.1620, 1.1640, 1.1660.

AUD/USD:

Today's second operation currency pair, you can choose Australia and the United States to trade. The operating idea is also based on buying on the dips, try to choose the layout of valuable points, and give the following suggestions in combination with the board, refer to the operation as appropriate, and wet warehouse:

Buy in the 0.7395-0.7405 range, stop loss 20 points, and target 0.7425, 0.7445, and 0.7465.

gold:

From the daily line, gold has clearly broken the relevant balance and started to rise. However, as time goes by, gold will have to remove some clutter before it can continue to rise. Therefore, we must first beware of sudden drops in gold today, and then look for opportunities to buy on dips.

Combining the board, give the following suggestions, refer to the operation as appropriate, and wet warehouse:

Buy in the range of 1786-1787, stop loss 3 dollars, target 1790, 1794, 1799.