Zusammenfassung：At the end of the Asian session on Wednesday (December 20), Chicago Fed President Austan Goolsbee stated that the market may be a bit ahead of expectations for interest rate cuts, and added that such easing measures would only be reasonable if inflation continued to cool and approach the Fed's target.
At the end of the Asian session on Wednesday (December 20), Chicago Fed President Austan Goolsbee stated that the market may be a bit ahead of expectations for interest rate cuts, and added that such easing measures would only be reasonable if inflation continued to cool and approach the Fed's target. Goolsbee also stated that he has no objection to the speech made by the Fed Chairman Powell at last week's post interest rate press conference. The US dollar index was suppressed by upward resistance during the US market session yesterday and broke through the support level formed in the past, ultimately closing near the intraday low. At the opening of the Asian market today, the US dollar index fluctuated slightly, with a current price around 102.22. Gold was supported below during the US market yesterday, accelerating its price increase and breaking through past resistance levels, ultimately closing near the intraday high. At the opening of the Asian market today, gold prices fluctuated slightly and adjusted, with the current price around 2041.96. Due to the influence of the Houser armed forces, the transportation capacity of the Suez Canal has significantly decreased, and Western countries led by the US have organized fleets to escort the entire Red Sea network. The Houser armed forces responded strongly: Even if the US mobilizes the world, we will not stop military operations. Affected by armed conflicts, US crude oil prices rose in the market yesterday, but did not break through and ultimately closed near the intraday high. At the opening of the Asian market today, US crude oil fluctuated slightly and adjusted, with the current price around 74.08. After receiving support below yesterday, EURUSD accelerated its upward trend in the market and broke through the previously formed resistance level, ultimately closing near the intraday high. At the opening of the Asian market today, EURUSD fell slightly, with a current price around 1.0958. The Bank of Japan decided to maintain a large-scale monetary easing policy at its monetary policy meeting on December 19. Bank of Japan Governor Kazuo Ueda held a press conference after the meeting, stating that the probability of achieving the central bank's goal of creating an economic virtuous cycle through stable salary and price increases will continue to rise bit by bit.The reasons listed are that the company has good profits, and the positive trend of salary increases in labor management negotiations in the spring of 2024 is evident. USDJPY was affected by this yesterday and rose significantly, ultimately closing near the intraday median. At the opening of the Asian market today, USDJPY continued to decline, with a current price around 143.66.
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 December 20, Beijing time.
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