On Wednesday, non-farm payrolls and inflation exceeded expectations in March, which led to a decrease in the probability of the Fed cutting interest rates in the short term, but it also paved the way for the resumption of subsequent interest rate cuts. Based on the fundamental situation, the United States does not need to cut interest rates too much this round, nor does it need to wait for the economy to deteriorate significantly. , just need to find a suitable inflation window. The arrival of the interest rate cut window requires cooling of demand to push prices to weaken again, and to achieve this, financial conditions need to be tightened again. The consequence of CPI exceeding expectations is that the Federal Reserve will cut interest rates in the short term. The window no longer exists.
Yesterday the price rushed to near 2400 but did not directly break through 2400. Therefore, the bullish force is not firm at present, but is pushing the price up step by step. However, the price is still above the upward trend line and rising amid shocks.
Therefore, the main trading idea is short-term buying. The current price between 2385-2390 is a buying opportunity, and the upper resistance is expected to be in the 2400-2410 range. If the price falls below 2363 then it will enter a bearish trend in the short term.
Yesterday the price rushed to near 2400 but did not directly break through 2400. Therefore, the bullish force is not firm at present, but is pushing the price up step by step. However, the price is still above the upward trend line and rising amid shocks.
Therefore, the main trading idea is short-term buying. The current price between 2385-2390 is a buying opportunity, and the upper resistance is expected to be in the 2400-2410 range. If the price falls below 2363 then it will enter a bearish trend in the short term.
The price will continue to fluctuate if it does not fall below 2360. If it falls below 2360, it will enter a short trend in the short term.