Abstract:At the beginning of the Asian market on Tuesday (February 28), the US dollar index fluctuated in a narrow range and is currently trading around 104.65. The US dollar fell back from its seven week high on Monday, following the downward trend of US treasury bond bond yields. Investors consolidated their gains after the recent rise of the US dollar.
Market Overview
At the beginning of the Asian market on Tuesday (February 28), the US dollar index fluctuated in a narrow range and is currently trading around 104.65. The US dollar fell back from its seven week high on Monday, following the downward trend of US treasury bond bond yields. Investors consolidated their gains after the recent rise of the US dollar. In addition, durable goods orders in January fell more than expected, while waiting for US employment and consumer price data in February. In addition, British Prime Minister Sunak announced that an agreement was reached with the European Union to amend the original Northern Ireland Protocol. The pound rose 1.04% against the dollar on Monday, recording its largest one-day gain in six weeks.
Russell Hardy, CEO of Vitol Group, said in an interview that due to limited supply, the global oil demand will reach a record level, and the oil price may reach $90-100 per barrel in the second half of this year. Vitol Group is the largest independent oil dealer in the world.
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 28, 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 28. 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 28. 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 28. 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 28. 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 28. This policy is a daytime policy. Please pay attention to the policy release time.
Spot gold weakened slightly during the Asian session on Thursday (April 6), hitting a two-day low of $2007.89 per ounce and now trading near $2014.15. A series of weak economic data has fueled fears of an impending recession in the US, giving safe-haven support to the dollar. And some dollar shorts took profits, and gold bulls also took profits ahead of Good Friday and the non-farm payrolls data, putting pressure on gold prices.
On Wednesday, as the less-than-expected March "ADP" data and non-manufacturing PMI data fueled market concerns about an economic slowdown and spurred bets that the Federal Reserve could slow interest rate hikes. Spot gold continued to brush a new high since March last year, which was the highest intraday to $2032.13 per ounce, and then retracted most of the day's gains, finally closing up 0.01% at $2020.82 per ounce; spot silver hovered around $25 during the day, finally closing down 0.21% at $2
Spot gold oscillated slightly lower during the Asian session on Tuesday (April 4) and is currently trading around $1980.13 per ounce. The dollar index rebounded mildly after a big drop overnight, putting pressure on gold prices. However, this week will see the non-farm payrolls report, there is no important economic data out on Tuesday, and the market wait-and-see sentiment is getting stronger.
On Monday, in OPEC + members unexpectedly cut production reignited market concerns about long-term inflation and sparked uncertainty about the Fed's response, the dollar index once up to the 103 mark, and then on a "vertical roller coaster", giving back all the gains of the day and once lost 102 mark, finally closed down 0.53% at 102.04; U.S. 10-year Treasury yields rose and then fell, as data showed that the U.S. economy continues to slow, it fell sharply in the U.S. session, and once to a low