Abstract:Last week, the financial market was hit by heavy events and economic data. Due to the hawkish wording of the minutes of the Federal Reserve meeting, and the hawkish remarks made by many Fed officials, as well as the fact that the Fed's favorite inflation index exceeded expectations, the market expectations for interest rate hikes rose sharply, and the US dollar soared last week, hitting its best performance since September last year and returning to the 105 high.
Market Overview
Last week, the financial market was hit by heavy events and economic data. Due to the hawkish wording of the minutes of the Federal Reserve meeting, and the hawkish remarks made by many Fed officials, as well as the fact that the Fed's favorite inflation index exceeded expectations, the market expectations for interest rate hikes rose sharply, and the US dollar soared last week, hitting its best performance since September last year and returning to the 105 high. Under the pressure of the sharp rise of the US dollar, the spot gold fell by more than US $30 this week.
The international oil price rose for the second consecutive trading day, but the increase significantly contracted. Although the prospect of reduced Russian exports supported oil prices, the increase in US inventories and concerns about global economic activity put pressure on oil prices.
The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on February 27, 2023.
Intraday Oscillation Range: 1801-1817-1833-1856-1873
Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985
In the subsequent period of spot gold, 1801-1817-1833-1856-1873 can be operated as the bull and bear range; High throw low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on February 27. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 20.1-20.6-21.5-22.3
Overall Oscillation Range: 19.7-20.1--20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1
In the subsequent period of spot silver, 20.1-20.6-21.5-22.3 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on February 27. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 73.1-73.8-75.1-77.9
Overall Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3
In the subsequent period of US crude oil, 73.1-73.8-75.1-77.9 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on February 27. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.0460-1.0570-1.0690-1.0755-1.0830
Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303
In the subsequent period of EURUSD, 1.0460-1.0570-1.0690-1.0755-1.0830 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on February 27. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135-1.2250
Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550
In the subsequent period of GBPUSD, 1.1830-1.1920-1.2030-1.2135-1.2250 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on February 27. This policy is a daytime policy. Please pay attention to the policy release time.
On Thursday, the spot gold range fluctuated, briefly falling below the $1830 mark, and finally closing down by 0.04% to $1836.06 per ounce, ending three consecutive daily increase; On the whole, spot silver fell first and then rose, and finally closed down 0.47% at $20.9 per ounce.
On Thursday (December 29), in the Asian session, spot gold rose slightly, trading at 1809.21 dollars/ounce. The dollar index weakened slightly, providing support for gold prices. Moreover, the fall of gold prices on Wednesday once again held the key support of the 21 day moving average, and there were some bargain hunting in the gold market. Since this week, the news about the Asian epidemic has had a great impact on the market sentiment, and the market worries have fluctuated.
On Friday, December 23, Beijing time, during the Asian and European session, spot gold shocks slightly up and is currently trading near $ 1795.52 per ounce. After the overnight gold price plunge, the market has some oversold rebound adjustment demand. But the market wait-and-see mood is thicker, on the one hand, to wait for the U.S. November PCE data and durable goods orders data out in the evening, on the other hand, is the upcoming Christmas holiday.
In the morning of Asian market on Thursday (November 3), Beijing time, spot gold fluctuated in a narrow range. At present, it is trading near 1637.10 US dollars/ounce. The US dollar index fell slightly on Thursday, prompting some gold bears to take profits and providing some support for gold prices.