07/08 Market report

【Dow Jones】

The record of that June monetary policy meeting released on Wednesday indicates that the Fed is likely to raise interest rates another 75 basis points in July. Since the decision to raise interest rates by 75 basis points in June, many policymakers have said they will step up efforts again at the July meeting to contain the biggest inflationary pressure in 40 years.

policymakers agreed that the economic outlook needs to shift to a restrictive policy stance, which may be appropriate if inflationary pressures continue to rise. A sharp 75 basis point hike is necessary to contain the highest cost-of-living growth since 1981, with another 50 or 75 basis points likely to follow at the July meeting. 」

Alligator is dead and crossed, indicating that the empty side still dominates the long-term of the Dow Jones index. The short-term KD has entered the high-end passivation area, indicating that the bulls are relatively strong in the short term, indicating a high chance of a rebound soon.

USA30: Uptrend

Price Point：30342

Current transactions: multiple orders held with targets at 31500 and 31800

Option: After the price dropped below 30342, set 30200 and 30000 as targets.

Comment: The RSI value of 49.8% is on the short side.

【EURO】

The record of the June Fed meeting released on Wednesday shows that interest rates will still rise aggressively in the future, pushing the dollar index to a 20-year high above 107 on July 6. The euro has fallen to a 20-year low. The Asian currency has also fallen, reminiscent of the 1997 Asian financial crisis 25 years ago.

Energy prices have surged 30% this year, especially casting a heavy shadow over the eurozone economy, which made the dollar more attractive as a safe haven. Traders believe the euro's fall to parity with the dollar is imminent.

In the technical indicators of the euro's Japan line, Alligator has died and KD has also entered the low-end passivation area. Both the long-term and short-term are biased towards the short-term pattern. Therefore, the subsequent development will be viewed from the perspective of homeopathy at this stage.

EURUD: Downtrend

Price Point：1.02500

Current transactions: hold empty orders with targets at 1.01500 and 1.01200

Alternative: Turn more after being breached above 1.02500, and set 1.02800 and 1.03000 as targets after entering directly.

Comment: The RSI value of 26% is on the short side.

【Gold】

The world's largest gold ETF, SPDR Gold Shares (GLD), held a flat 1,041.90 metric tons of gold on the 5th. The Indian government announced on July 1 that it would raise the import tariff on gold from 7.5% to 12.5%, hoping to support the Indian Rupee's exchange rate, which has hit a new low, but it also led to a two-month high in the domestic price of gold and may hurt the consumption of gold ornaments.

Among the technical indicators of gold's daily line, Alligator has died andKD has also entered the low-grade passivation area. Both the long-term and short-term lines are biased towards the short-term pattern. Therefore, at this stage, the subsequent development will be viewed from a homeopathic perspective.

XAUUSD: Downtrend

Price Point：1773

Current Transaction: Hold Empty Orders, Target at 1732 and 1728

Option: when the price breached above 1773, set 1788.00 and 1780.00 as targets.

Comment: The RSI value of 25% is on the short side.

【Crude Oil】

After Russia ordered a major export terminal in Kazakhstan to be shut down, European oil traders were worried about supply. Kazakhstan's news agency reported that an explosion in Tengiz, Kazakhstan's largest oil field, killed two workers and injured at least three in a pipeline test on Wednesday.

Tengizchevroil operates the Tengiz oilfield, and US super giant Chevron owns 50% of the company. The technical indicators of crude oil's daily line, Alligator's death and KD show the death cross. Both long-term and short-term are biased towards the short-term. However, the price of crude oil rebounded slightly yesterday, which was the first time that the trend was too high. The empty side took a break, and the downward force slowed down.

USOIL: Downtrend

Price Point：105.22

Current transactions: hold empty orders with targets at 100.8 and 100.2

Option: After the price being breached above 105.22, set 106.00 and 106.20 as targets.

Comment: The RSI value of 40.2% is on the short side.

OnePro Special Analyst

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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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