Mohicans markets：January 5, 2023 - MHM European Perspective

Market Overview

On Thursday, January 5, 3:00 GMT, as the Federal Reserve released the minutes of the December meeting tone hard but nothing new, and triggered traders expect to raise interest rates in February this year will be further reduced expectations. Spot gold continued to rise high and was up 0.82% on the day, which was the highest intraday reached $1865.15, closing at $1854.10 level.3.

Minutes from Wednesday's December meeting of the U.S. Federal Reserve Board of Governors offered no surprises or new information on the size of the expected rate hike in February. The Fed raised rates by 50 basis points last month, and Fed officials agreed that a slower pace of rate increases would allow them to continue to increase the cost of credit and control inflation in a gradual manner designed to limit risks to economic growth. The minutes also focused on explaining that the decision to move to a smaller rate hike should not be interpreted by investors or the public at large as a weakening of the Fed's commitment to bring inflation back to the 2% target; a statement that was reflected early in the December meeting in the upward revision of the median interest rate estimate for 2023 and was well reflected in the press releases, forecasts and statements made at the time. As a result, the minutes of the meeting were seen by the market as nothing new. And federal funds rate futures traders saw a 67% chance that the Fed would continue to slow the pace of rate hikes to 25 basis points in February. After the release of the minutes, the dollar weakened, stimulating the continued upward movement of spot gold. After the Fed minutes failed to make market waves, the market turned its attention to the U.S. employment data later in the day. It should be noted that, in the Fed's attitude towards interest rate hikes still maintain a hawkish stance on the background, bad data may not be able to cause the market to the Fed's monetary policy shift expectations, but may increase market concerns about the U.S. recession, which is detrimental to risk assets, or more favorable to gold, a safe-haven asset. Even if the final data is good, the market is expected to peak expectations for the Fed to raise interest rates will not be too much, so the suppression of gold will be limited.

Mohicans Markets 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 January 5, 2023, Beijing time.

Intraday Oscillation Range: 1817-1833-1856-1873

Overall Large Oscillation Range: 1817-1833-1856-1873

Spot gold in the subsequent period, 1817-1833-1856 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on January 5. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.1-23.9-24.5-25.3

Overall Large Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

Spot silver in the subsequent period, 23.1-23.9-24.5-25.3 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on January 5. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 72.3-73.1-73.8-75.1-77.3

Overall Large Oscillation Range:

70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5

Crude Oil in the subsequent period, 72.3-73.1-73.8-75.1-77.3 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on January 5. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0460-1.0570-1.0690

Overall Large Oscillation Range:

1.0290-1.0360-1.0460-1.0570-1.0690-1.0755

EURUSD in the subsequent period, 1.0460-1.0570-1.0690 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on January 5. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135

Overall Large Oscillation Range:

1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470

GBPUSD in the subsequent period, 1.1920-1.2085-1.2250-1.2400 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on January 5. This policy is a daytime policy. Please pay attention to the policy release time.