08/09 Market report

【Dow Jones】

U.S. (Consumer Price Index) report for July will be released on Wednesday. The market forecast annual growth rate is 8.8%, which is slower than the annual growth rate of 9.1% in June. But this is not a consolation to the Federal Reserve, which expects to raise interest rates by another 75 basis points at its next meeting in September.

In the technical indicators of the daily line of the Dow Jones industrial average, Alligator shows a golden cross, indicating that the Dow Jones industrial average shows an upward trend in the long term. However, the short-term market conditions are sticky, allowing the opening of the KD indicator to gradually converge, and seeing whether there will be a significant breakthrough in the next market conditions, leading KD to form a high-end passivation or a death cross with a large opening.

USA30: Uptrend

PricePoint：32391

Current transactions: multiple orders held with targets at 33000 and 33200

Alternative: Set 32200 and 32000 as targets after the price hit 32391.

Comment: RSI value of 64.2% is too high。

【Euro】

The Sentix eurozone index edged up to -25.2 from -26.4 in July. Performance slightly worse than expected; According to a Reuters survey, the index should have been -24.7 in August. Manfred Huebner, general manager of Sentix, said in a statement that the economic situation in the eurozone remained difficult; Huebner also thinks that a small rebound does not mean that everything will turn around. The eurozone is still very likely to fall into recession, and low consumer confidence, high inflation and high energy prices are all problems.

In the technical line of the euro zone's Japan line, the long-term Alligator is tangled, indicating that in the long run, the euro has formed a consolidation zone at the bottom, and the short-term KD forms a gold cross, but the opening is quite small and easy to turn over. The euro forms a pattern of narrow fluctuations, waiting for a breakthrough in the future direction.

EURUSD: Uptrend

PricePoint：1.01239

Current transactions: hold empty orders with targets at 1.02000 and 1.02200

Alternative: Set 1.0100 and 1.00800 as targets after the price hit 1.01239

Comment: The RSI value of 47.56% is on the short side.

【Gold】

The world's largest gold ETF, SPDR Gold Shares (GLD), held a flat 999.16 metric tons of gold on the 8th. This week's much-anticipated inflation figures may indicate a slowdown in price growth, as the market prepares for a rise in gold prices.

In the technical line of the Japanese gold line, the long-term Alligator is in a tangled state, indicating that the long-term gold price is already in a wrestling state between buying and selling, and the short-term KD is in a state of high-end deviation, indicating that the purchase price has reached a certain level to face the strong pressure from above, leading to the fact that although the price has risen, the index has not kept up with it, thus increasing the possibility that the market will tumble.

XAUUSD: Uptrend

Pricepoint：1751

Current Transactions: Hold Multiple Orders with Targets at 1792.5 and 1795.8

Alternative: Set 1749.2 and 1748.5 as targets after the price hit 1751.

Comment: The RSI value of 57.68% is too high.

【Crude Oil】

Agence France-Presse reported that the 27 members of the European Union agreed to reduce the natural gas plan 2 weeks ago, which was announced in the official administrative bulletin of the European Union; EU countries agreed to reduce natural gas consumption by 15% in response to the energy price crisis caused by Russia's invasion of Ukraine, which will be implemented from the 9th.

In the technical line of the Japanese crude oil, the long-term Alligator shows a dead cross, indicating that the selling pressure of the long-term crude oil is relatively strong, the short-term KD index leaves from the low-grade passivation area, and the table shows the appearance of short-term buying. Investors who want to short the trend have to wait patiently for a suitable price for the rebound.

USOIL: Downtrend

PricePoint：97.789

Current transactions: hold empty orders with targets at 88.50 and 87.80

Alternative: Set 98.5 and 99.2 as targets after the price hit 97.789.

Comment: The RSI value of 37.41% is on the short side.

OnePro Special Analyst

Buy or sell or copy trade crypto CFDs at www.oneproglobal.com

The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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