MHMarkets：The operational gap of the Fed will not be filled until 2027.

MH Markets | 2023-11-28 17:51

Abstract：At the end of the Asian market on Tuesday (November 28), a study released by the St. Louis Federal Reserve last week showed that it will take nearly four more years for the Fed to make up for its historic operating losses and begin resubmitting profits to the US Treasury in 2027. T

At the end of the Asian market on Tuesday (November 28), a study released by the St. Louis Federal Reserve last week showed that it will take nearly four more years for the Fed to make up for its historic operating losses and begin resubmitting profits to the US Treasury in 2027. These losses are products of the Federal Reserve's interest rate hike cycle.

In this round of interest rate hikes, the Fed has significantly increased the target range of the federal funds rate by 525 basis points, while also reducing the size of its balance sheet. The US dollar index has been hit by a peak in interest rate hikes and has recently plummeted.

Yesterday, the US dollar index continued to decline and closed near the intraday low. At the opening of the Asian market today, the US dollar index fell short and opened low, followed by support from below. The current price is around 103.18. Gold surged by $16 in the Asian market yesterday, and then closed at the close of the day.

At the opening of the Asian market today, it rose and was subsequently hindered above. The current price is around 2015.49. According to data from the American Automobile Association (AAA), the current average gasoline price in the US is $3.25 per gallon, which is more than 60 cents lower than the peak in mid September and about 30 cents lower than the same period last year. The recent fluctuations in US crude oil have been relatively small, and the market is waiting for further fundamental data guidance. Yesterday, the volatility of US crude oil increased compared to before, but there is still no clear direction. At the opening of the Asian market today, US crude oil fluctuated slightly and adjusted, with the current price around 75.07.European Central Bank President Christina Lagarde recently stated that bank officials may soon re-examine the 1.7 trillion euro pandemic bond portfolio (PEPP) and reconsider how long the reinvestment of maturing bonds will last. EURUSD rose sharply yesterday after receiving support below and closed near the intraday high. During today's Asian market, EURUSD rose first and then fell, with a current price around 1.0947. The Bank of Japan proposed earlier today to purchase 100 billion yen of treasury bond bonds from November 29. USDJPY has recently experienced a significant decline due to the impact of US fundamentals. Yesterday, USDJPY continued its previous decline and continuously broke through the support below. At the opening of the Asian market today, USDJPY accelerated its decline, with a current price around 148.18.

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 28, Beijing time.

Gold XAUUSD·
Resistance	2018.20 – 2022.46 – 2032.02
Support	2005.55 – 2001.79 – 1997.16
The above figure shows the 30 minute chart of gold. The chart shows that the recent upward resistance of gold has been around 2018.20-2022.46-2032.02, and the downward support has been around 2005.55-2001.79-1997.16. 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 28. This policy is a daytime policy. Please pay attention to the policy release time.

Crude Oil USOUSD·
Resistance	76.24 – 77.18 – 77.96
Support	74.14 – 73.81 – 73.04
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 76.24-77.18-77.96, and the downward support is around 74.14-73.81-73.04. 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 28. This policy is a daytime policy. Please pay attention to the policy release time.

EURUSD·
Resistance	1.0961 - 1.0984 - 1.1006
Support	1.0928 - 1.0903 - 1.0887
The above figure shows the 30 minute chart of EURUSD. The chart shows that the recent upward resistance of EURUSD is around 1.0961-1.0984-1.1006, and the downward support is around 1.0928-1.0903-1.0887. 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 28. This policy is a daytime policy. Please pay attention to the policy release time.

GBPUSD·
Resistance	1.2644 – 1.2703 – 1.2712
Support	1.2600 - 1.2589 – 1.2559
The above figure shows the 30 minute chart of GBPUSD. The chart shows that the recent upward resistance of GBPUSD is around 1.2644-1.2703-1.2712, and the downward support is around 1.2600-1.2589-1.2559. 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 28. This policy is a daytime policy. Please pay attention to the policy release time.

MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI

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