This week, the market is paying attention to the upcoming release of a series of economic data. The initial manufacturing and service PMI values for January will be released on January 24, followed by a series of data on January 25: durable goods orders, fourth-quarter GDP growth rate Another revision, weekly initial jobless claims, Chicago economic data, the...
A series of economic data released by the United States showed resilience. The number of initial jobless claims fell to 180,000, lower than the expected 200,000, a new low since the week of September 24, 2022. The annualized total number of new housing starts and building permits in December were both higher than expected, showing that the real estate market...
The range of oil is 70-75. It rose strongly yesterday. Trade following the trend. Usoil:buy72.3-72.8 TP:73.3-73.5-73.9 SL:71.9 Join me and I will analyze my strategies every day and help you how to trade
As the United States released strong retail sales data for December, the strong economic data in the United States pushed up U.S. Treasury bond yields, causing the dollar to rise sharply. Gold was suppressed and fell, reaching a new low since December 14. It is expected to face greater pressure in the future. . However, under the influence of the current...
Under the influence of the current conflict in the Red Sea, oil has made a short-term correction under the pressure of a strong US dollar. Technically, the long and short positions have alternated, and it still shows the wide range consolidation trend that has been emphasized recently. The last trading day fluctuated from around 72 and hit a maximum of 73.5. The...
It is important to note that the Fed is keeping a close eye on core inflation, which unexpectedly rose in December. Additionally, they monitor the labor market, with data for the final month of 2023 showing strong performance, with job creation and income accelerating and the unemployment rate falling. Although Federal Reserve officials remain cautious because...
At present, the resistance here at Oil 73 is very strong, and there has been no breakthrough many times. Usoil:sell72.8-73 TP:72.3-72-71.7 SL:73.2 For short-term trading, join me and I will continue to analyze
The recent market focus is still on geopolitical conflicts. The current Palestinian-Israeli conflict has exceeded 100 days, Israel continues its fierce offensive, and the Houthi militia threatens to respond to the US air strikes on Yemen. This makes global investment risks continue to rise, and gold is in economic turmoil. Performance has been strong during the...
There is information to focus on this week. First, the US and British troops launched air strikes against Houthi armed targets in Yemen in retaliation for attacking merchant ships departing from the Red Sea. Tensions in the Middle East have intensified, stimulating geopolitical instability and also raising prices for gold. The possibility of rising. Second, last...
Oil fell below the important support range of 71.7-72 Usoil:sell71.7-72 TP:71.3-71 SL:72.2 Follow the trend and trade, join me and I will continue my analysis
Today, we will pay attention to the annual and monthly rates of US PPI in December announced in the US market. At present, gold has failed to break through 2042 after many attempts, but it was supported twice in 2013-2015. Now you can see that the fluctuation range is 2013-2042 I think the possibility of gold breaking through 2042 is relatively high, and it...
Oil has risen amid fears of potential supply disruptions amid recent criticism of Yemen's Houthi rebels over a UN resolution on Red Sea navigation Usoil:buy73.6-74.05 TP:74.5-75 Now that it has broken through the recent range, follow the trend in the short term. Join me and I will continue to analyze how to trade
Today will usher in the most important data of the week, the US inflation indicator CPI in December, which is the consumer price index. Judging from market expectations, the 3.2 data is slightly higher than the previous value of 3.1, which means that the market generally believes that US inflation has already After a continuous downward trend, it has begun to...
The U.S. EIA crude oil inventory unexpectedly rebounded. Although oil-producing countries such as OPCE+ and Saudi Arabia are fully confident in stabilizing the crude oil market, the market performance is poor and the demand side is relatively weak. As a result, oil is currently in a range-bound state. Usoil:sell72.75-73.1 TP:72.3-72 SL:73.3 In volatile market...
Gold may continue to fluctuate in a range today. At the top, focus on the important resistance points of 2042, 2050, and 2062, and on the bottom, focus on the important support points of 2024 and 2015. Since the market’s focus is around Thursday’s U.S. CPI data, the changes on Wednesday should not be big. However, today I want to emphasize that the daily line...
Usoil:sell72.4-72.8 TP:71.8-71.5 You can try to sell in this range, I will also analyze it in real time, join me