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Inflation boosts US index, gold and silver pressure continues short
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Inflation strengthens pushes the US index, and gold and silver are under pressure to continue short." Hope it will be helpful to you! The original content is as follows:
Yesterday, the gold market opened slightly higher in the early trading at 3344.1, and the market first filled the gap and gave the position of 3341.1, and then the market rose strongly. The daily line reached the highest position of 3366.4, and then the market rose and fell. During the US session, the US CPI was affected by the fundamentals of the US CPI. The daily line was at the lowest position of 3320 and then the market consolidated. The daily line finally closed at 333. After the position of 24.8, the daily line closed with a large negative line with a long upper shadow line. After this pattern ended, today's market continued to be short. At the point, yesterday's short position of 3363 was reduced and the stop loss was held at 3355. Today, 3340 was short and conservative 3342 short stop loss 3346. The target below is 3328 and 3320, and the price below is 3313 and 3308-3302.
The silver market opened at 38.094 yesterday and then the market rose first. The daily line reached the highest position of 38.374 and then the market fell strongly. The daily line was at the lowest position of 37.564 and then the market consolidated. The daily line finally closed at 37.685 and then the market closed with a long upper shadow line. After this pattern ended, today's market continued to be short. At the point, today's 38.1 short stop loss 38.3 is at 37.8 and 37.5, and below the 37.25 and 37-36.8.
European and American markets opened at 1.016620 yesterday and the market first rose to 1.16927 before the market fell strongly. The weekly line was at the lowest point of 1.15915, and the market consolidated. The daily line finally closed at 1.16019, and the market closed with a large negative line with a long upper shadow line. After this pattern ended, today's market fell back short. At the point, the short position of 1.16850 yesterday followed by a stop loss following up at 1.16700, and today's 1.16450 short stop loss 1.16650, and the target is 1.16000 and 1.15700 and 1.15500-1.15300.
The US crude oil market opened at 66.95 yesterday and then fell back first, giving the 66.35 position, and then the market rose strongly. The daily line reached the highest position, and then the market fell strongly. The daily line was at the lowest position, and then the market rose at the end of the trading day. The daily line finally closed at 66.81 position, and then the market closed in a hammer head pattern with a long lower shadow line. After this pattern ended, it first pulled up today to give 67.1 short stop loss 67.6. The target below is 66.8 and 66.3. The falling below looks at 66 and 65.7 and 65.5.
Nasdaq market opened at 22848.38 yesterday and the market fell first, giving the daily low of 22818.67, and then the market rose strongly. The daily line reached the highest position of 23045.85 and then the market fell at the end of the trading session. The daily line finally closed at 22840.22, and the market closed in a shooting star with a very long upper shadow line. After this pattern ended, 22900 short stop loss 22970 today, and the target below looks at 22800 and 22700-22650.
The fundamentals, yesterday's fundamentals, the overall CPI of the United States rebounded slightly in June, and the core CPI was lower than expected. Interest rate futures still show that the Federal Reserve cut interest rates this month The possibility of a 25 basis point cut in September is very small. Fed's voice-over: Today's CPI report will not change the direction of the Fed's policy. The US president said that consumer prices are sluggish and the federal funds rate should be lowered immediately. The Fed should lower interest rates by 3 percentage points. The US 30-year Treasury yield rose to 5% for the first time since June. After the data, the US index significantly increased gold, silver and non-US currencies. Today's fundamentals mainly focus on the US June PPI annual rate at 20:30 and the US June PPI monthly rate at 21:15. Then look at the US June industrial output monthly rate at 22:30, and look at the US crude oil inventories at 22:30 and the US July 11 week EIA crude oil inventories at 22:30 and the US July 11 week EIACushing crude oil inventories in Oklahoma and U.S. strategic oil reserves inventories in the week ended July 11.
In terms of operation, gold: yesterday's short position reduction and the stop loss follow up at 3355, today's 3340 short position conservative 3342 short stop loss 3346. The target below is 3328 and 3320, and the target below is 3313 and 3308-3302.
Silver: today's 38.1 short stop loss 38.3, the target below is 37.8 and 37.5, and the target below is 37.25 and 37-36.8.
Europe and the United States: yesterday's short position reduction and the stop loss follow up at 1.16,700, today's 1 .16450 short stop loss 1.16650, target 1.16000 and 1.15700 and 1.15500-1.15300.
U.S. crude oil: first pull up today to give 67.1 short stop loss 67.6. The target below looks at 66.8 and 66.3. The target below looks at 66 and 65.7 and 65.5.
Nasdaq Index: 22900 short stop loss 22970, target below looks at 22800 and 22700-22650.
3363 short yesterday
The above content is all about "[XM Foreign Exchange Decision Analysis]: Inflation enhances pushes the US index, and gold and silver are under pressure and continues to be short". It was carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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