Today will usher in the most important data of the week-the annual and monthly rates of the U.S. CPI price index for October. Judging from market expectations, there is only a 3.3% growth rate, but the previous value is 3.7%, which means that everyone is generally optimistic about the U.S. inflation last month. In addition, a survey by the New York Fed showed...
Oil now has a clear bottom. It stopped falling and rose last Friday, and continued to rise this Monday. The bottom continued to rise and broke through the suppression of the unilateral moving average, forming a clear bottom foundation. Today, we need to observe the resistance of the ten-day line and whether it can break through the range of 78.9-79.2. If it...
As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7. Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term...
Gold fell rapidly at the opening of the market today, and some brokers fell as low as 1918. This week, we need to pay attention to the release of major U.S. data, including the October consumer price index (CPI) released on Tuesday, which will further affect the market's expectations of the Fed's movements after 2023. By Wednesday, the market will turn its...
Yesterday, Federal Reserve Chairman Powell spoke publicly again, saying that Fed officials are not sure that interest rates are high enough to end the inflation war, and that the help they can get in expecting improved supplies of goods, services, and labor to reduce price pressures may be nearing the end. After Powell's speech, traders postponed their bets on...
As can be seen from the chart, oil has now shown signs of stopping falling If oil does not fall below 74.9 today and rises again, then it can be judged that the probability of rising next week increases. This is the short-term bottom. If it falls below 74.9, oil may continue to fall and return to the downward trend. Observe the support strength of 73.7, 73,...
Due to the recent hawkish rhetoric of Fed policymakers, everyone hopes that the Fed can achieve its goal of suppressing inflation, so gold prices fell again on Wednesday. Pay attention to the data on U.S. unemployment benefits today Today, gold fell as low as 1945, and the position of 38.2% of the Fibonacci retracement in the upward period from 1810 to 2007...
The oil trend is obvious, and it continues to fall weakly, with the current lowest at 74.9 Although the oil is currently out of the downward channel, it has not confirmed whether it has reached a low point. Continue to observe the support near 73.8-74 below, and wait until the daily line stops falling or there is an upward signal to confirm. Pay attention to...
Oil, I have been reminding that it is a downward trend. After falling below the important support of 80 yesterday, it accelerated its decline, reaching a minimum of 76.5. Now that the trend has appeared, follow the trend and wait for the intraday rebound to sell.From a technical point of view, the unilateral suppression points of the daily line are 77.8, 78.3,...
Kashkari, chairman of the famous hawkish Minneapolis Fed: If necessary, the Fed will take more measures on interest rates. The FOMC did not discuss the content of interest rate cuts. Dovish representative Chicago Fed Chairman Goolsbee: If long-term Treasury yields remain at a high level, it is likely to be equivalent to tightening policy. The first task to...
Oil walked out of the skyrocketing and plunging space last week, and fell from Monday to Tuesday. It was a low-level shock on Wednesday and Thursday. On Friday, it was determined that the rebound was unsuccessful in the continuous rebound and once again walked out of the falling space, but it held on to the 80 support point.At present, crude oil is around 81.6,...
A news attracted the attention of the market. Some media said that U.S. President Joe Biden spoke on the phone with Israeli Prime Minister Benjamin Netanyahu. The two discussed the possibility of hostage negotiations, humanitarian assistance and “tactical pauses” involved in the current Israeli-Palestinian conflict. We all know that the Israeli-Palestinian...
The market continued to be driven by geopolitical factors this week, as the retreat of market panic weakened gold's risk-averse attractiveness.Although the war between Israel and Hamas continues, the conflict is still limited to the Gaza Strip, temporarily controlling the ongoing chaos in the Middle East. Therefore, future changes still need to continue to pay...
Before the release of employment data, a report showed that U.S. labor productivity had its largest increase in three years, helping to alleviate the inflationary impact of recent wage growth.The number of people applying for unemployment benefits rose for the sixth consecutive week, indicating that it is beginning to be more difficult for the unemployed to find...
The oil is still oscillating repeatedly, but the resistance point above is gradually declining, so it is judged that the oil is still relatively weak today. At present, the oil is near 81.3, and the lowest point is near 80.3. Observe the support of 80.3. You can try to buy in a small position. If the oil falls below 80, you can make a stop loss. The upper...
Oil reached a minimum of 80.7. Because of the rapid decline, there will definitely be a certain rebound, so today we observe yesterday's high of 83.3 and the important boundary point of 84. Oil has fallen due to the resistance of the lower edge of VWAP, so it can be judged that the willingness of oil to rise is still not strong. So you can choose to be at 83.3...
Oil fell to the vicinity of 82.5 again yesterday. Now 82-82.5 has been supported twice, and the support strength of 82 has been more determined, and the resistance above 85.5-86 has not broken through many times. So you can judge that it is now oscillating back and forth in the range of 82-86. Now you can buy in the range of 82-82.5, or sell in the range of...
Driven by the geopolitical war situation, gold rose strongly in the final session, and gold rose as high as near 2010, which is in line with the resistance point of the war that I inferred before to expand gold. This week, investors will usher in blockbuster events such as the Federal Reserve's resolution and the US non-farm payrolls report. Starting from...