UnknownUnicorn66789012

UnknownUnicorn66789012 Updated 

Oil broke through the previous high today, and the previous resistance point turned into a support point. As long as oil remains above 80, it will be an upward trend. Yesterday, the U.S. Energy Information Administration (EIA) predicted that U.S. crude oil production will increase by 460,000 barrels per day by 2024, reaching 13.65 million barrels per day. EIA...

UnknownUnicorn66789012 Updated 

There are many factors affecting the market this week. Central banks of various countries will be the focus this week. The Bank of Japan and the Reserve Bank of Australia will announce their interest rate decisions on Tuesday, the Federal Reserve will announce their interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will...

UnknownUnicorn66789012 Updated 

The report showed that the final demand producer price index (PPI) rose 0.6% in February after rising 0.3% in January. Economists had predicted that PPI would increase by 0.3%. Commodity prices jumped 1.2%, accounting for nearly two-thirds of the rise in PPI. Initial jobless claims data showed a decrease of 1,000 to a seasonally adjusted 209,000. This series of...

UnknownUnicorn66789012 Updated 

If the Fed decides to cut interest rates in March, there is a high probability that gold will still have room to rise. If the Fed decides not to cut interest rates in March, market concerns about inflation may still push up gold. Therefore, it will be difficult for gold to get out of the downside in this environment. The current market is a process of hyping the...

UnknownUnicorn66789012 Updated 

Oil has currently fallen below the 77 support. It is currently undergoing a short-term correction. The previous support point has turned into a resistance point. The resistance range is 78-78.3. Currently, oil is still oscillating in the 77-78 range. So now we change our previous thinking. If you reach the resistance range, you can choose to sell If you don’t...

UnknownUnicorn66789012 Updated 

U.S. consumer prices rose sharply in February, indicating that inflation is somewhat sticky. Data showed that the consumer price index (CPI) in February increased by 0.4% from the previous month and 3.2% from the same period last year, higher than the expected 3.1%. This further reduces the possibility of the Federal Reserve cutting interest rates before June....

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U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department...

UnknownUnicorn66789012 Updated 

Focus on data this week On Monday, the New York Fed’s 1-year inflation forecast for February On Tuesday, the U.S. February NFIB small business confidence index, CPI data, and OPEC released its monthly crude oil market report On Wednesday, U.S. EIA crude oil inventories for the week, IEA released monthly crude oil market report Thursday, US February...

UnknownUnicorn66789012 Updated 

Recently, the direction of oil is still to wait for the support level to buy. The current large range is 77.5-81, and the small range is 78.5-80.4. You can wait for the support point to buy, or you can choose to sell at the upper edge of the range. If you don't know how to trade, join me

UnknownUnicorn66789012 Updated 

The U.S. initial jobless claims data performed poorly. The number of jobless claims was slightly higher than expected and the previous value, once again casting a shadow on the recent weak U.S. economy. The U.S. dollar index has weakened and set a recent low. Federal Reserve Chairman Powell has been The views of the testimony were also moderate, which also led...

UnknownUnicorn66789012 Updated 

n testimony before Congress on Wednesday, Powell said he expected the Federal Reserve to cut interest rates and that a U.S. recession was unlikely, but he stopped short of committing to any timetable for easing policy because he was unsure of further progress in lowering inflation. Data showed that U.S. private employment growth was slightly lower than expected...

UnknownUnicorn66789012 Updated 

Yesterday, representatives said: OPEC+ agreed to extend the reduction of positions until the end of the second quarter Last Friday, oil also hit a new high this year, reaching a maximum of 80.8. OPEC's reduction in positions will also be beneficial to the rise of oil in the short term. Therefore, oil is still waiting to fall to the support point to buy. Only...

UnknownUnicorn66789012 Updated 

Today, the market will focus on the impact of Federal Reserve data and will pay close attention to Federal Reserve Chairman Powell's testimony before Congress to further clarify the path of U.S. interest rates. The next important U.S. economic data will be the February non-farm payrolls report on Friday. Yesterday, gold reached a maximum of around 2142 and a...

UnknownUnicorn66789012

Last week's weaker-than-expected data was the main driving force for the rise in gold prices, including the possibility of an escalation in the current geopolitical conflict, which also pushed up gold's safe haven. Therefore, combined with the influence of various factors, gold has room to rise during this period. . The focus of the market this week is to pay...

UnknownUnicorn66789012 Updated 

This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress. Gold cannot only look at the current...

UnknownUnicorn66789012 Updated 

Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall...

UnknownUnicorn66789012 Updated 

Recently, the output of U.S. refineries has dropped sharply, U.S. crude oil inventories have declined, and sanctions on Russia have gradually increased pressure on the import side. At the same time, attacks on U.S. and other ships in the Red Sea continue. As can be seen from the 4H chart, oil has been supported many times, but it has not broken through the...

UnknownUnicorn66789012 Updated 

Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold. From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern...