As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot. Focus on the PCE data this Thursday, which will have an impact on the...
From the 4H chart, we can see that gold has strong support from yesterday’s moving average. As long as it breaks through 2040, there will be some room for growth. The upper resistance range is 2045-2049, 2055-2058 In an obvious upward trend, we cannot sell blindly and wait for a suitable range to sell. Or wait for an obvious support range to buy You can make...
The U.S. Bureau of Economic Analysis (BEA) will release the revised gross domestic product (GDP) value for the fourth quarter of 2023 on Wednesday, and the market is not expected to revise the initially announced annualized growth rate of 3.3%. The January Personal Consumption Expenditures (PCE) price index will be released on Thursday. The core PCE price index...
Oil has been in a volatile range recently. The large range is 74-79.5 and the small range is 75.5-78.5. The lowest reached around 76.3 yesterday and the highest today reached around 78.4. Recently, due to geopolitical reasons, oil has been trending stronger, but it has not broken through the strong resistance point of 79.5 during the OPEC meeting. Therefore, I...
The position report of SPDR Gold Trust, the world's largest gold ETF, shows that the institution reduced its holdings by 2.01 tons again yesterday. This is also the twentieth time this year it has reduced its holdings. Fed Governor Waller said in a speech that Fed policymakers should postpone interest rate cuts for at least a few more months to see whether the...
Gold has signs of a breakthrough, you can choose to try buying Xauusd:buy2028-2032 TP:2037-2039 SL:2024 For short-term trading, strictly abide by SL and set your own positions according to funds.
The market has not been stable recently. As further chaos in the Middle East has increased geopolitical uncertainty, gold remains an important safe-haven asset, which has also driven gold's recent rise. The market is focusing on whether the Federal Reserve is expected to cut interest rates in March or June this year. The U.S. economic schedule this week will...