2.17国际现货黄金价格走势分析(2014)
关键字:2.17国际现货黄金价格走势分析(2014)
行情回顾:欧洲时段,欧洲经济数据好于预期推动欧系货币上涨,ICE美元指数时段内进一步承压下跌0.25%,后市可能测试80整数字,欧元和英镑均刷新周内高点;疲软美元为贵金属注入更多上行动能,黄金创2013年11月7号以来新高1319,白银站上21整数关口。
【基本面】
法国四季度GDP年率从0.2%上升至0.8%,德国四季度GDP年率 (工作日调整后) 从0.6%升至1.4%,均高于市场预期,德国与法国是欧元区经济列车的“火车头”,德法前景改善无疑显著提升投资者对欧元的信心。欧元区四季度GDP季率为0.3%,年率为0.5%,确认产出温和扩张,欧盟更进一步表示“欧洲经济将走上加速复苏的道路”。欧央行曾多次表示欧元区经济复苏是脆弱和不平衡的,失业率居高不下,通货膨胀持续下滑,信贷疲软不堪等因素仍对欧洲经济构成巨大挑战,预计欧央行将在较长一段时间内维持当前的宽松货币政策 (笔者不认为欧央行将进一步降息或推出LTRO) 。另一方面,英国12月建筑业生产月率增长2.0%,年率增长6.3%,较前值2.2%明显回升,房地产市场繁荣可能是支持建筑业强劲扩张的主要原因,表现强劲的数据推动英镑进一步上行测试1.67。
投资者追逐欧系货币无疑拖累美元走弱,ICE美元指数在过去两个交易日显著下行,日图价格已经跌破震荡区间下轨,技术上或打开进一步下行空间。未来两周欧元区和美国将公布最新的通胀数据,值得密切关注。以核心CPI和核心PCE衡量的美国通货膨胀率依旧维持低迷,下游需求强劲或有望推动总体物价上升,若通胀出现回升迹象,则可能进一步刺激削减QE预期,或对贵金属施加短期下行压力 (大田官网分析师认为通胀数据暂时仍通货货币政策预期来影响美元和黄金,只有当通货膨胀率快速上升时黄金才能受益于抗通胀属性并出现上涨) 。欧元区通胀仍面临一定的下行风险,尽管欧央行在政策声明中多次强调欧元区并不存在通缩风险,但意外走弱的通胀数据仍足以在短期内打压欧元大幅下行,意味着美元可能走强并打压金价回落,若通胀企稳或小幅回升则有望缓解欧元面临的下行风险,美元将进一步走弱并为黄金现货创造更多上升空间。
【技术分析】
金价上破1300和200日均线1306,若日收盘价企稳该区间上方,则确认有效上破,或打开短期上行空间,更上方阻力关注去年10月高点1360。
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本文来源: 大田环球贵金属
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