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MHMarkets:The Fed announced on November 1 that the target range for the federal funds rate would remain unchanged at 5.25% to 5.5%, in line with general market expectations.

MH Markets | 2023-11-02 18:57

Abstract:At the end of the Asian market on Thursday (November 2), the Fed announced on November 1 that the target range for the federal funds rate would remain unchanged at 5.25% to 5.5%, in line with general market expectations.

头图2

At the end of the Asian market on Thursday (November 2), the Fed announced on November 1 that the target range for the federal funds rate would remain unchanged at 5.25% to 5.5%, in line with general market expectations. After the interest rate resolution, the yield of the 30-year US Treasury bond fell to a two-week low of 4.9060%, with the latest price at 4.9074%. The US dollar index was weakened by expectations of interest rate hikes, and yesterday saw a broad sideways consolidation, ultimately closing at an intraday low of 106.68. Affected by the weakening expectation of the Fed's interest rate hike, spot gold continued to rise after the Fed's interest rate resolution yesterday and ultimately closed near the intraday high. During today's Asian market, spot gold rose and fell, but was still supported by fundamentals such as weakened expectations for interest rate hikes and the Israeli-Palestinian conflict. The current gold price is around 1985. The situation in the Middle East is still escalating in the direction of conflict. The Iranian authorities issued another warning to Israel on Wednesday. Iran's Supreme Leader, Khamenei, called on Muslim countries to stop exporting oil and food to Israel and demanded that Israel immediately stop bombing Gaza. EURUSD was influenced by fundamentals, with increased volatility in the US market yesterday, followed by upward fluctuations, and ultimately closing at the highest point of the day. During today's Asian market, EURUSD continued to rise, with gains hindered at 1.0601 above, and the current quotation is around 1.0596. The Japanese government has announced a package of economic measures worth over 17 trillion yen ($113 billion), including measures such as income tax cuts, to alleviate the impact of rising inflation on the economy. Mr. Kishida stated that in order to provide funding for some expenditures, the government will prepare an additional budget of 13.1 trillion yen in this fiscal year, and the total size of the economic stimulus plan, including tax cuts and other measures, is about 17 trillion yen. Mr. Kishida will hold a press conference tonight, during which he will provide a detailed explanation of the economic stimulus plan. USDJPY continued to decline in the Asian market today, gradually approaching 150 below, and the current quotation is around 150.34.

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 2, Beijing time.

· Gold XAUUSD·

Resistance

1992.04 – 2006.81 – 2014.78

Support

1975.11 – 1969.71 – 1962.94

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 1992.04-2006.81-2014.78, and the downward support has been around 1975.11-1969.71-1962.94.   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 2. This policy is a daytime   policy. Please pay attention to the policy release time.

 · Crude Oil   USOUSD·

Resistance

83.09 – 84.44 – 85.53

Support

80.10 – 79.13 – 77.51

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 83.09-84.44-85.53, and the downward support is around 80.10-79.13-77.51.   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 2. This policy is a daytime   policy. Please pay attention to the policy release time.

· EURUSD·

Resistance

1.0668 - 1.0694 – 1.0751

Support

1.0584 - 1.0562 – 1.0515

image.png

The above figure shows the 30 minute chart of EURUSD.   The chart shows that the recent upward resistance of EURUSD is around 1.0668-1.0694-1.0751,   and the downward support is around 1.0584-1.0562-1.0515. 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 2. This policy is a daytime   policy. Please pay attention to the policy release time.

 · GBPUSD·

Resistance

1.2200 – 1.2232 – 1.2288

Support

1.2136 - 1.2095 – 1.2072

image.png

The above figure shows the 30 minute chart of GBPUSD.   The chart shows that the recent upward resistance of GBPUSD is around 1.2200-1.2232-1.2288,   and the downward support is around 1.2136-1.2095-1.2072. 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 2. 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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Regulated
MH Markets
Company name:Mohicans Markets Limited
Score
7.06
Website:https://mhmarkets.com
2-5 years | Regulated in Australia | Regulated in United Arab Emirates | Straight Through Processing (STP)
Score
7.06

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MHMarkets:2024.03.29 MHM European Time Analysis

Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.

News 2024-03-29 20:48

MHMarkets:2024.03.28 MHM European Time Analysis

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

News 2024-03-28 20:05

MHMarkets:2024.03.27 MHM European Time Analysis

In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.

News 2024-03-27 20:24

MHMarkets:March 27, 2024 Economic Highlights

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.

News 2024-03-27 20:16

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