Colin_Analyst

Colin_Analyst Updated 

The monthly rate of U.S. retail sales in June was stronger than market expectations, but it failed to change the market consensus that the Federal Reserve will cut interest rates in September. U.S. bond yields fell to a 4-month low. In addition, there were concerns that the United States may fall into chaos and the geopolitical situation in the Middle East. The...

Colin_Analyst Updated 

Oil reached a low of around 80.2 yesterday, and then rose to around 81.3. The current 4H support is 80.18, and 81.2 is now a resistance point. From a technical point of view, it is currently a downward trend. Pay attention to the support of 80.18. If oil breaks through 81.2, I think it may be in the short term. Reaching around 82.5, please note that this Friday is...

Colin_Analyst Updated 

The U.S. consumer price data for June released on Thursday unexpectedly dropped, with the year-on-year increase the smallest in a year. This strengthened the view that the trend of slowing inflation is back on track and brought the Federal Reserve one step closer to cutting interest rates. At the same time, the US dollar fell sharply, and gold rose sharply in...

Colin_Analyst Updated 

Powell's speech on Tuesday was dovish, saying the U.S. was returning to a "lower inflation path," but that policymakers needed more data to verify whether the recent decline in inflation accurately reflected economic conditions before cutting interest rates. In addition, Powell would not comment on when the United States might start to cut interest rates, but...

Colin_Analyst Updated 

Oil has now stabilized at 80 and is still rising. It started to pull back from 81 yesterday, but the downward momentum was not enough. The key resistance range above is 81.8-82.5. I think it is likely to break through 82 and reach around 82.5. I will wait until it reaches the resistance range and sell it in batches, but I must control the...

Colin_Analyst Updated 

The US Independence Day will make this week's economic data unusual. On Monday, the market will receive the ISM Manufacturing Purchasing Managers Index, followed by the Eurozone CPI preliminary value and JOLTS job vacancies data on Tuesday. On Wednesday, the market will focus on the ADP employment report, weekly unemployment data and the ISM Services Purchasing...

Colin_Analyst

The geopolitical situation is still a topic of great concern in the financial market. According to various sources over the weekend, the sixth large-scale confrontation in the Middle East may break out, involving many countries, and even the Third World War may break out. The extremely unstable situation brings too many unknown possibilities to the market....

Colin_Analyst Updated 

The geopolitical outcome is still a topic that the market cannot avoid. Now the Middle East may expand the scale of confrontation, which will greatly affect the stability of the financial market. In the market, pay attention to the weekly unemployment claims data in the United States on Thursday and the initial value of the Purchasing Managers' Index (PMI) on...

Colin_Analyst Updated 

Market attention was low on Monday, with no major news releases. U.S. retail sales data on Tuesday, weekly jobless claims on Thursday and the initial Purchasing Managers Index (PMI) on Friday may provide more information on consumption and economic strength. Gold fluctuated between 2310 and 2327 on Monday. After hitting the bottom at 2287, it has been...

Colin_Analyst Updated 

Oil, yesterday's lowest point was around 77.55, and the highest point was around 80. The main reason for yesterday's rise was the strike in Brazil and the closure of pipelines in Ecuador due to weather, which reduced a total of 450,000 barrels/day. Oil encountered resistance at 80 yesterday and rebounded from 72.4. The current high resistance is 80.6. According...

Colin_Analyst Updated 

The lower-than-expected retail sales data in May in the United States had a short-term impact on the market, but the long-term economic outlook still needs to focus on the Fed's policy trends and changes in economic fundamentals. Investors should remain cautious and pay attention to the global economic situation and geopolitical risks to make reasonable...