→ → Gold:
... Gold prices remain volatile in the short term and are currently structurally a rebound from bullish testing pressure. This is due to the Federal Reserve suspending interest rate hikes, followed by a cooling of interest rate expectations. If non farm data falls short of expectations, the US dollar is expected to continue to weaken in the short term and continue to pay attention to the possibility of US bond yields peaking. If the daily long short divide does not break in 1960, it is expected to continue to strengthen. The intraday pressure is $2000, waiting to break through
→ → USD:
... The US dollar index has fluctuated and retreated, and there is currently no support to break through the range. The market is waiting for the direction choice after non agricultural data, and the possibility of repeated consolidation and peaking in the short term cannot be ruled out. It will maintain a short selling treatment within the day, and continue to pay attention to whether the US bond yield resonates with the decline, thus causing the US dollar index to peak in the short term.
→ → Euro to USD:
... European stock markets rose for the fourth consecutive day, the longest consecutive rise since July, boosted by the optimism that the Federal Reserve's interest rate hike cycle is expected to end. The Stoxx Europe 600 index closed 1.6% higher, with real estate and automotive stocks leading the way. The Stoxx 600 real estate index posted its largest increase in nine months. The current issue is that as the US economy slows down and Europe faces a recession, long-term bond yields will decline in the coming quarters. The euro continued to rebound after a H4 level correction against the US dollar, however, the MACD energy bar and double line seem to indicate limited upward momentum and are currently starting to shrink downwards. If non agricultural data leads to a significant rebound in the US dollar, the euro may continue to decline.
→ → US WTI crude oil:
... US crude oil has rebounded from a short-term oversold, but the overall direction is still bearish downward. The sentiment of the geopolitical situation is still over, and there has been no clear change in the demand side. Therefore, inventory data cannot support the continued strength of oil prices. On the premise of maintaining a volatile downward trend, if the intraday pressure cannot break through around $83, wait for a short selling opportunity, and support below around $80.
→ → GBP to USD:
The Bank of England has maintained interest rates at their highest level in 15 years, continuing to fight against the highest inflation among wealthy countries around the world, and emphasizes that further interest rate cuts are not expected soon. Although the released forecast shows that the UK economy is approaching recession and leveling off in the coming years, the Bank of England has held its second consecutive meeting to maintain the bank interest rate at 5.25% after 14 consecutive bank rate hikes. The pound continued to rebound after the H4 level correction against the US dollar and moved above the 48 day long short line. On the other hand, the MACD energy column and double line begin to shrink near the zero axis, and if the US non farm data exceeds expectations, the pound and US will turn downward.
→ → USD vs JPY
... Kazuo Shibata will adhere to the model he has established since taking office for six months, that is, while continuing the mild remarks of his predecessor, gradually withdrawing from loose policies until the Bank of Japan sustainably achieves the 2% inflation target. However, he also paid special attention to the narrow exit path, because even a small hint may cause the yield of Japanese treasury bond bonds to soar and subvert the Bank of Japan's soft landing plan. The USD/JPY H4 level is operating above 150 and near the 48 day long short boundary. It may continue to decline in the future, as the risk of significant depreciation of the yen and inflation overshoot may make the Bank of Japan's exit timing come faster than expected.
