MHMarkets：The Fed released a "dovish" signal, and the dollar index to reprice.

MH Markets | 2023-12-15 16:48

Abstract：At the end of the Asian market on Friday (December 15), the last "interest rate night" of 2023, the Fed kept interest rates unchanged as expected by the market. The Fed Chairman Powell also changed his previous "hawkish" stance, stating that "interest rate cuts" have begun to enter the field of vision.

At the end of the Asian market on Friday (December 15), the last “interest rate night” of 2023, the Fed kept interest rates unchanged as expected by the market. The Fed Chairman Powell also changed his previous “hawkish” stance, stating that “interest rate cuts” have begun to enter the field of vision. And financial markets are also repricing the US dollar index due to the dovish signals released by the Fed. The US dollar index continued to decline yesterday and broke through multiple support levels, ultimately closing near the intraday low. At the opening of the Asian market today, the US dollar index fluctuated slightly, with a current price around 101.99. Affected by the expected fundamental data, gold rose significantly on Thursday evening, but has not yet formed a phased upward trend. Yesterday, gold showed an overall adjustment trend, accelerating its upward trend during the US session, but was subsequently suppressed by bears and ultimately closed near the intraday median. At the opening of the Asian market today, gold slightly adjusted and the current price is around 2035.88. Affected by fundamentals, US crude oil has continued to rise and rebound in the market recently. After receiving support at the bottom yesterday, the price accelerated in the market and broke through the resistance level formed in the past, ultimately closing near the intraday high. When the Asian market opened today, US crude oil slightly adjusted, with the current price around 72.05.Earlier today, European Central Bank Managing Director Muller stated that there is still some way to go before achieving a 2% inflation rate and there has been no discussion on interest rate cuts. Yesterday, influenced by the expectation of fundamental data, EURUSD quickly rose in the market after receiving support at the bottom and continuously broke through multiple resistance levels, ultimately closing near the intraday high. At the opening of the Asian market today, EURUSD saw a slight decline and adjustment, with the current price around 1.0982. The initial value of Japan's manufacturing PMI for December, announced this morning, was 47.7, compared to the previous value of 48.3. After the data was released, the price of USDJPY in the market continued to decline, with the current price around 141.99.

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 December 15, Beijing time.

Gold XAUUSD·
Resistance	2048.16 – 2053.33 – 2076.42
Support	2027.38 – 2007.95 – 1979.28
The above figure shows the 30 minute chart of gold. The chart shows that the recent upward resistance of gold has been around 2048.16-2053.33-2076.42, and the downward support has been around 2027.38-2007.95-1979.28. 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 December 15. This policy is a daytime policy. Please pay attention to the policy release time.

Crude Oil USOUSD·
Resistance	72.73 – 74.24 – 74.81
Support	69.78 – 67.95 – 67.11
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 72.73-74.24-74.81, and the downward support is around 69.78-67.95-67.11. 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 December 15. This policy is a daytime policy. Please pay attention to the policy release time.

EURUSD·
Resistance	1.1009 - 1.1044 - 1.1065
Support	1.0880 - 1.0847 - 1.0779
The above figure shows the 30 minute chart of EURUSD. The chart shows that the recent upward resistance of EURUSD is around 1.1009-1.1044-1.1065, and the downward support is around 1.0880-1.0847-1.0779. 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 December 15. This policy is a daytime policy. Please pay attention to the policy release time.

GBPUSD·
Resistance	1.2792 – 1.2817 – 1.2839
Support	1.2677 - 1.2612 – 1.2502
The above figure shows the 30 minute chart of GBPUSD. The chart shows that the recent upward resistance of GBPUSD is around 1.2792-1.2817-1.2839, and the downward support is around 1.2677-1.2612-1.2502. 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 December 15. 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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