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Hello traders, In the trading process, a tense market often presents a significant challenge. Such market conditions not only test our trading strategies but also continuously challenge our patience and psychological resilience. **The Importance of Trial and Error Costs** Everyone must understand that trial and error is an inevitable part of the investment...

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Hello traders, OPEC+ has announced a delay in its planned production increase, with the Organization of the Petroleum Exporting Countries and its allies postponing these plans until April of the following year. Additionally, the timeline for the eventual cancellation of the voluntary production cut of 2.2 million barrels per day has been extended from 12 months...

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Hello traders, Whether the European Central Bank (ECB) will cut interest rates by 50 basis points depends on several factors, including current economic data, inflation outlook, market expectations, and policymakers' concerns about economic growth and financial stability. 1. Market Expectations and Current Economic Background - According to LSEG Refinitiv...

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Hello traders, The first trading week of December is full of uncertainties. These uncertainties arise from various factors. Firstly, market sentiment plays an important role in the market. Emotion-driven trading behavior can lead to irrational price increases or decreases, further amplifying market uncertainty. Secondly, collective behavior in the market is also...

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Hello traders, Key Observations on Commodity Trading in the First Week of September ★★★★★ With the arrival of September, the commodities market is ushering in a critical period full of challenges and opportunities. ★★★★★ This week, as an important observation window ahead of the Federal Reserve's September interest rate meeting, there will be a number of key...

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Hello traders, In the realm of commodity trading, market fluctuations often align with the influx of information. Nevertheless, as we near the end of the month, a distinct pattern emerges: news tends to quiet down and data liquidity diminishes. During this period, analogous to calm waters in the market, lies both a challenge and an opportunity. This juncture not...

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Hello traders. Gold's recent strong rally may be approaching a tipping point, and market participants should be wary of the risk of a possible pullback. Although current market sentiment remains bullish for gold, there are several factors suggesting that this wave of upward momentum may be about to run out: ★ Overly optimistic rate cut expectations: According to...

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Hello traders, ★ Evaluation of liquidity and market dynamics Today's financial markets are heavily influenced by liquidity, which plays a pivotal role in determining the price and trading patterns of different types of assets. Recent market data reveals that the price of gold has experienced significant fluctuations and is currently under tight suppression,...

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Hello traders, After our important news reminder in the early hours of Sunday morning, this week may be about to usher in a week of incomparable contradictions and turmoil. The news that Biden officially announced his withdrawal from the election was shocking. Subsequently, Biden expressed support for Harris, and the Clintons and financial tycoon Soros also...

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Hello traders, Spot gold prices have dropped below the critical support threshold of $2,440 per ounce. As per the CME Group's FedWatch Tool, there is a 98% market consensus expecting a rate cut from the United States in September. Even without a direct interest in gold, the prospect of a rate cut has significantly boosted market interest for large...

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Hello traders, Please be aware that the U.S. market is closing early today due to the ongoing U.S. holiday. The market is eagerly anticipating the return of U.S. traders, particularly for the release of the US Non-Farm Payrolls data at 8:30 PM tomorrow. While the U.S. unemployment rate had previously reached a historic low of 3.4%, indicating a strong economic...

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Hello traders, According to the latest report by the World Gold Council, central banks are poised to increase their gold reserves due to growing skepticism about the US dollar. The survey reveals that over 80% of respondents expect reserve managers to boost global gold holdings, with nearly 30% of banks planning to increase their reserves. The shift towards...

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Hello traders, European Central Bank (E.C.B.) is likely to overtake the Fed in terms of rate cuts today in later session. While the Fed has been seen as the global weathervane for monetary policy, the E.C.B. may take more aggressive steps to stimulate growth as pressures on the eurozone economy increase. This CUTTING rate decision could make EURUSD turn down...

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Hello traders, The previous week , Canada and the European Central Bank—both allies of the United States—taking the initiative to reduce interest rates. Although the rate cut is not large, the purpose of cutting interest rates can be considered to cool down their high domestic debt on the one hand, and to provide a little buffer space for the Federal Reserve to...

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Hello traders, The significant drop in copper prices since May 2024 can be attributed to the overall correction in global commodity prices and the influence of macroeconomic factors. Copper prices, which have historically been a crucial indicator of the global commodity market, have seen a substantial downward trend since May. Check on the weekly right chart,...

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Hello traders, USOIL is making a smiling curve on weekly chart, check the left one. This means in a long term view, OIL will rise again. But right now on 6H right chart, in the middle term view, it could reach 73 first to finish a five-wave downtrend to reach the support level or buying zone. The triangle with the mouth open is an oscillating pattern....

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Hello traders, The downtrend channel is broken. Gold went up to test last week's highest position. Check our last idea on GOLD and follow the updates here. With economic growth slowing in Europe and persistent inflationary pressures, the ECB is expected to adopt further accommodative monetary policy measures to address the current challenges. And after Bank of...

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Hello traders, GOLD is making a new question for us, how far it can drop down before it make a new history in 2024? Last week with PCE released on Friday, gold could not make a reversal swing up to break the highest position of last week. It turned down again to drop $45 from NY session on Friday. So on weekly chart, GOLD has made a second bearish...