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MHMarkets:Affected by the US Thanksgiving holiday, the recent market trading was flat.

MH Markets | 2023-11-24 18:16

Abstract:In late trading on Friday (November 24) in Asia, due to the impact of the US Thanksgiving holiday, the recent market trading was flat. The US dollar index saw a slight consolidation yesterday, receiving support from below and rising, ultimately closing near the intraday high.

头图2

In late trading on Friday (November 24) in Asia, due to the impact of the US Thanksgiving holiday, the recent market trading was flat. The US dollar index saw a slight consolidation yesterday, receiving support from below and rising, ultimately closing near the intraday high. At the opening of the Asian market today, the US dollar index rose first and then fell, with a current price around 103.72. Similarly, gold trading was also affected by the Thanksgiving holiday, with light trading in the market. Yesterday, gold experienced internal fluctuations in the previous market, but recently its volatility has gradually decreased. After the opening of the Asian market, gold still fluctuated slightly, with the current price around June 8th, 1993. Crude oil fluctuated slightly yesterday due to the Thanksgiving holiday closure of the US futures market. At the opening of the Asian market today, US crude oil rose first and then fell, with the current price around 76.48. The European Central Bank's governing committee, Villeneuva, recently stated that unless an unexpected event occurs, the European Central Bank will not raise borrowing costs again. One day, the European Central Bank will gradually lower interest rates, but they have not yet reached that point. Currently, the European Central Bank is committed to the goal of reducing inflation back to 2% by 2025. EURUSD broke through the resistance formed before yesterday, and then the market turned down, ultimately closing near the intraday median. At the opening of the Asian market today, EURUSD fell and rose, with the current price around 1.0907. The Japanese Ministry of Internal Affairs released data on Friday morning, showing that Japan's core CPI recorded an annual rate of 2.9% in October, surpassing the Bank of Japan's target of 2% for the 19th consecutive month, with a previous value of 2.8%. Economists predict that due to the government's reduction in subsidies for public utilities, the core CPI will jump to 3%. The annual rate of core CPI has accelerated for the first time in four months, which contradicts the Bank of Japan's view that inflation will slow down, which may strengthen expectations for policy normalization. Today in the Asian market, USDJPY turned downward after the data was released, and the current quotation is around 149.26.

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 24, Beijing time.

Gold XAUUSD·
Resistance1998.54 – 2003.18 – 2008.02
Support1988.93 – 1984.19 – 1977.02
image.png
The above figure shows the 30 minute chart of   gold. The chart shows that the recent upward resistance of gold has been   around 1998.54 – 2003.18 – 2008.02, and the downward support has been around1988.93   – 1984.19 – 1977.02. 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 24. This policy is a daytime   policy. Please pay attention to the policy release time.
Crude Oil USOUSD·
Resistance77.18 – 77.96 – 78.65
Support73.81 – 73.04 – 72.37
image.png
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 77.18 – 77.96 – 78.65, and the downward support is around 73.81 –   73.04 – 72.37. 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 24. This policy is a daytime   policy. Please pay attention to the policy release time.
EURUSD·
Resistance1.0924 - 1.0960 - 1.0984
Support1.0887 - 1.0851 - 1.0824
image.png
The above figure shows the 30 minute chart of EURUSD.   The chart shows that the recent upward resistance of EURUSD is around 1.0924   - 1.0960 - 1.0984, and the downward support is around 1.0887 - 1.0851 -   1.0824. 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 24. This policy is a daytime   policy. Please pay attention to the policy release time.
GBPUSD·
Resistance1.2564 – 1.2589 – 1.2629
Support1.2502 - 1.2448 – 1.2404
image.png
The above figure shows the 30 minute chart of GBPUSD.   The chart shows that the recent upward resistance of GBPUSD is around 1.2564   – 1.2589 – 1.2629, and the downward support is around 1.2502 - 1.2448 –   1.2404. 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 24. This policy is a daytime   policy. Please pay attention to the policy release time.
尾图
MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI

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MH Markets
Company name:Mohicans Markets (Ltd)
Score
8.44
Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Regulated in South Africa | Forex Execution License (STP)
Score
8.44

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