Zusammenfassung:At the end of the Asian market on Monday (November 6), the new Speaker of the US House of Representatives, Mike Johnson, stated that at the end of the week, representatives were busy developing a stopgap plan to continue providing funding to the US government after the deadline of November 17.
The benchmark 10-year US Treasury yield further fell to a three week low on Thursday, and investors seem to have more confidence to enter the market after experiencing “Super Wednesday”. As a result, US Treasury prices have continued their surge. After experiencing Wednesday, the US dollar index also rose and fell, breaking through strong support. Today, it continued to decline in the Asian market, with the current price around 106.08. Gold continued to strengthen after the US interest rate resolution, and continued to rise after being supported below in the Asian market today. The current price is around 1987.15. Renowned economist Nouriel Roubini, known as the “Dr doom,” recently warned that the United States is facing the risk of an economic recession, and the conflict between Israel and Hamas may spread to other parts of the Middle East, involving major oil producing countries such as Iran. This may stimulate oil prices to soar by up to 50%, triggering stagflation shocks like in the 1970s, leading to economic recession. After breaking the previous low yesterday, US crude oil received upward support and closed near the intraday high yesterday. Today, it corrected and consolidated in the Asian market, with the current price around 82.51.EURUSD rose significantly in the market yesterday, being suppressed by past strong resistance around 1.0668 above, and then the market turned down, ultimately closing below the intraday median. EURUSD rose in the Asian market today, with the current quotation around 1.0629. USDJPY has been operating above 150 since breaking through 150, and the current price is approaching 150. Today, USDJPY in the Asian market is moving downwards, with the current quotation around 150.25.
MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on November 6, Beijing time.
Gold XAUUSD· | |
Resistance | 1995.20 – 2004.07 – 2008.06 |
Support | 1983.23 – 1978.83 – 1969.84 |
The above figure shows the 30 minute chart of gold. The chart shows that the recent upward resistance of gold has been around 1995.20-2004.07-2008.06, and the downward support has been around 1983.23-1978.83-1969.84. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on November 6. This policy is a daytime policy. Please pay attention to the policy release time. |
Crude Oil USOUSD· | |
Resistance | 82.13 – 83.38 – 84.43 |
Support | 79.91 – 79.19 – 78.05 |
The above chart shows the 30 minute chart of US crude oil. The chart shows that the recent upward resistance of US crude oil is around 82.13-83.38-84.43, and the downward support is around 79.91-79.19-78.05. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on November 6. This policy is a daytime policy. Please pay attention to the policy release time. |
· EURUSD· | |
Resistance | 1.0751 - 1.0764 – 1.0794 |
Support | 1.0694 - 1.0675 – 1.0619 |
The above figure shows the 30 minute chart of EURUSD. The chart shows that the recent upward resistance of EURUSD is around 1.0751-1.0764-1.0794, and the downward support is around 1.0694-1.0675-1.0619. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on November 6. This policy is a daytime policy. Please pay attention to the policy release time. |
· GBPUSD· | |
Resistance | 1.2420 – 1.2445 – 1.2507 |
Support | 1.2354 - 1.2310 – 1.2289 |
The above figure shows the 30 minute chart of GBPUSD. The chart shows that the recent upward resistance of GBPUSD is around1.2420-1.2445-1.2507, and the downward support is around1.2354-1.2310-1.2289. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on November 6. This policy is a daytime policy. Please pay attention to the policy release time. |