Abstract:On Wednesday (September 13), as the U.S. August inflation rate still slightly exceeded expectations, the Fed's November interest rate hike bets have risen
Market Overview
On Wednesday (September 13), as the U.S. August inflation rate still slightly exceeded expectations, the Fed's November interest rate hike bets have risen, resulting in spot gold continued to move lower, reaching a low of $1907.30 during the session, and finally closing at $1,913.19, a decline of 0.46% for the day.The U.S. index's rise on Wednesday was blocked below 105.00 and the fall was supported above 104.45, implying that the U.S. dollar is likely to maintain its upward trend after a short decline. If the U.S. index falls above 104.50 today and is supported, the latter rise will target the range of 105.00-105.25. Short-term resistance in the U.S. indexes today is at 104.95-105.00, with important short-term resistance at 105.20-105.25. Short-term support for US indices today is at 104.50-104.55, with important short-term support at 104.25-104.30.
Oil prices were almost flat after touching a 10-month high earlier in the session as an unexpected increase in U.S. crude inventories offset expectations of tighter crude supplies for the rest of the year.
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 September 14, Beijing time.
·Gold XAUUSD· | |
High Probability Scenario | High throw and low suction in the 1885-1892-1903-1919-1931-1945 range |
Low Probability Scenario | Chase up and kill down outside the 1885-1892-1903-1919-1931-1945 range |
·SilverXAGUSD· | |
High Probability Scenario | High throw and low suction in the 20.6-21.5-22.3-23.1-23.9-24.5 range |
Low Probability Scenario | Chase up and kill down outside the 20.6-21.5-22.3-23.1-23.9-24.5 range |
·Crude OilUSOUSD· | |
High Probability Scenario | High throw and low suction in the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range |
Low Probability Scenario | Chase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range |
·EURUSD· | |
High Probability Scenario | High throw and low suction in the 1.0570-1.0690-1.0755-1.0830-1.0950 range |
Low Probability Scenario | Chase up and kill down outside the1.0570-1.0690-1.0755-1.0830-1.0950 range |
·GBPUSD· | |
High Probability Scenario | High throw and low suction in the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range |
Low Probability Scenario | Chase up and kill down outside the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range |
Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.
In the forex market, stability was the theme for the U.S. dollar index, holding firm at 104.30. Minor fluctuations were observed across major currency pairs: the Euro slightly weakened against the dollar, closing at 1.0827
In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.
On Tuesday, due to February's US durable goods orders growth exceeding expectations and an optimistic economic growth outlook for the first quarter in the US, the US dollar index initially fell but then rose, briefly touching below the 104 mark before recovering during the US trading session, closing up 0.07% at 104.29.