Daily Market Analysis
After the Federal Reserve announced interest rates, the United Kingdom and Europe successively announced interest rate resolutions. This resolution caused gold to plummet by $40! Will the non-agricultural data tonight affect the continuous decline of gold?
- 03 February 2023
- Daily Market Analysis, English
During the Asian session on Friday (February 3), spot gold fluctuated and rose slightly, and
美元反弹打压金价，非农来袭，警惕空头“乘胜追击”
- 03 February 2023
- Daily Market Analysis, Mandarin
亚洲时段，现货黄金震荡微涨，目前交投于1916.20美元/盎司附近，因为隔夜金价跌幅较大，技术面存在一些反弹调整需求。周四欧洲央行如期加息50个基点，但欧洲央行行长拉加德的讲话并不鹰派，美元指数大幅反弹，令金价大跌近40美元。 周四出炉的美国初请失业金人数低于市场预期，降至九个月最低，也给美元提供支撑，在周五非农数据公布前，一些黄金多头获利了结，对拖累金价表现。 High Ridge Futures金属交易主管David Meger表示，对金市的基本支撑依然强劲，但市场小幅回调可能是由于在明天的美国月度就业数据之前出现一些获利了结。 本交易日市场目光将聚集美国1月份非农就业报告，虽然预期并不乐观，但从其他相关数据来看，非农新增就业人数好于预期的可能性较大，鉴于黄金技术面见顶信号进一步增强，投资者需要提防金价短线的进一步下行风险。
Yesterday’s Fed rate decision was announced as expected. But subsequent Powell’s dovish remarks pushed the dollar index lower for a while. Will it impact gold to continue to rise?
- 02 February 2023
- Daily Market Analysis, English
Today's market review During the Asian session on Thursday (February 02), spot gold fluctuated at
鲍威尔“鸽派”加息，多头狂欢，金价再度剑指2000？
- 02 February 2023
- Daily Market Analysis, Mandarin
亚洲时段，现货黄金高位震荡，目前交投于1953美元/盎司附近。周三美联储如期加息25个基点，但美联储主席鲍威尔有关通胀阻击战意外鸽派的发言导致美元大跌，并向投资者发出利率峰值可能临近的信号，给金价提供强劲的上涨动能，金价一度涨至1957.14美元/盎司，为4月21日以来新高。 渣打银行分析师Suki Cooper称鲍威尔的新闻发布会“相对鸽派”，他表示，“暗示利率将达到峰值，并强调了通胀下降，在美元走软和实际利率回落之际，这已经给金价带去提振。” 美国1月份ADP数据和1月份ISM制造业PMI数据也表现较差，也给金价提供支撑，如果金价能够攻克1960关口，后市有望进一步涨向2000整数关口。
After the Federal Reserve announced interest rates, the United Kingdom and Europe successively announced interest rate resolutions. This resolution caused gold to plummet by $40! Will the non-agricultural data tonight affect the continuous decline of gold?
During the Asian session on Friday (February 3), spot gold fluctuated and rose slightly, and is currently trading around $1916.20 per ounce. […]
Yesterday’s Fed rate decision was announced as expected. But subsequent Powell’s dovish remarks pushed the dollar index lower for a while. Will it impact gold to continue to rise?
Today’s market review During the Asian session on Thursday (February 02), spot gold fluctuated at a high level and is currently trading […]
Gold hit a low and rebounded yesterday, and the rally continues to be strong?
Overnight Market Review On Thursday (January 31), at the beginning of the Asian market, spot gold fluctuated within a narrow range and […]
Gold broke through the key resistance level of 1920, will it continue to rise? Or will it reverse and go down?
Overnight market review Tuesday, Thursday and Tuesday (January 17) Asian session, spot gold fluctuated slightly, and is currently trading around $1,910 per […]
Yesterday’s CPI data reached the Fed’s expectations, and gold once broke through a new high. Will gold usher in a new high next?
Overnight market review Tuesday, Thursday (January 12) and Friday (January 13) during the Asian session, spot gold fluctuated within a narrow range […]
Gold has been hovering between 1871~1879, will it break through the upper resistance and continue to rise?
Overnight Market Review On Tuesday (January 10) in Asia, spot gold fluctuated at a high level and is currently trading around US$1,874 […]
The U.S. non-agricultural employment data is positive for the dollar, but instead of falling, gold has increased instead?
Overnight market review On Thursday, Friday and Monday (January 9) in Asia, spot gold rose slightly, hitting a new high since May […]
Gold reversal coming? Will the non-agricultural data tonight lead to another new low for gold?
Overnight market review During the Asian session on Thursday and Friday (January 6), spot gold fluctuated and rose slightly, due to some […]
It will take some time before the Fed announced yesterday to raise interest rates? Will a hawkish message push gold lower?
Overnight market review During the Asian session on Thursday (January 5), spot gold fluctuated within a narrow range and is currently trading […]
Gold hit a new high of 1850 in recent days, will it continue to rise?
Overnight market review During the Asian session on Wednesday (January 4), spot gold fluctuated and rose, and is currently trading around $1,846 […]
Risk aversion is heating up and demand for gold is increasing. Will gold usher in a surge?
Overnight Market Review On Tuesday (January 3) in Asia, spot gold opened higher and then fluctuated. It once touched around US$1,832.36/oz and […]
Is GBP/AUD on the verge of a downtrend?
GBP/AUD:The GBP/AUD D1 chart broke below the lower support level, and the price also reversed and fell after testing the broken support […]
After the euro against the US dollar hit the key resistance above and had no hope of breaking through, it reversed and fell. Will it continue to fall?
EUR/USD:The price of the EUR/USD D1 chart continues to consolidate at the resistance level, and this resistance level is very critical, which […]
AUD/USD continues to remain below the resistance level, is it expected to continue to fall?
AUD/USD:Yesterday, the United States announced the initial jobless claims data, which was close to the predicted value, which also showed that the […]
Is GBP/AUD on the verge of continued gains? Is now the time to get in and go long?
GBP/AUD:The GBP/AUD D1 chart reversed lower after hitting a November 2021 low. It can be seen that although the price has been […]
Gold once hit a new high in June yesterday? But the subsequent pull down will continue to enter the consolidation stage?
Overnight Market Review On Wednesday (December 28) Asian session, spot gold fluctuated within a narrow range and is currently trading around $1,810.84 […]
Gold continues to fluctuate. After Christmas, will the market push prices to continue to fall?
Overnight market review At the beginning of the Asian market on Tuesday (December 27), spot gold fluctuated and rose slightly, hitting a […]
Will the EUR/GBP continue to consolidate and usher in a surge?
EUR/GBP:The EUR/GBP D1 chart continues to consolidate, and the price continues to be between 0.85 and 0.87. And the D1 chart is […]
The price of gold rose above $30 yesterday due to Japan’s decision on interest rates. Will gold go into consolidation today as market sentiment fades? Or will it continue to rise?
XAUUSD:The gold D1 chart yesterday, due to the strengthening of the yen, led to a surge in gold, reaching the highest price […]
Crude oil continues to consolidate and has not set a direction. What will happen to the future of crude oil?
Overnight Market Review At the beginning of the Asian market on December 21 (Wednesday), U.S. oil traded around $76.23/barrel; oil prices closed […]
The United States currently ranks first in the world in crude oil production! Is there a way for this to further fuel the continued decline in crude oil?
Overnight market review On December 20 (Tuesday), the oil production capacity of the United States has ranked first in the world, surpassing […]
Crude oil prices hit the highs before December again. Is crude oil continuing to fall below new lows?
OVERNIGHT MARKET REVIEW (Dec 09) Oil tankers are experiencing delays passing through the Bosphorus Strait as Turkey introduces new insurance measures for […]
Gold continues to enter consolidation, is it expected to rise to 2300 next year? How to deploy transactions at this stage?
XAUUSD:The D1 chart of gold has not been driven by news in the near future, and gold is in a consolidation stage. […]
Russia once again used two strategies to limit oil prices and wanted to seize control of crude oil? What will happen to crude oil prices?
Overnight Market Review (Dec 08) Russian President Vladimir Putin responded to the recently introduced oil price cap of $60 per barrel by […]
Crude oil once fell to 74, is it expected to hit a new low?
Overnight Market Review (December 07) (Wednesday) At the beginning of the Asian market, U.S. oil traded around $74.65/barrel; U.S. oil hit $73.4/barrel, […]
Is the European Union’s suppression of crude oil prices about to succeed? Crude oil will usher in a decline?
Overnight Market Review (December 06) Indian Oil and Gas Minister Hardeep Singh Puri said that India is not worried about the European […]
Gold once touched the high point during July, will it break through the upper resistance level this round and go up?
XAUUSD:The U.S. non-farm payrolls data released last week exceeded expectations. As of November, the U.S. added 263,000 jobs. As soon as this […]
OPEC decided to cut production by 2 million barrels per day from November to 2023. Will this cause oil prices to soar.
Overnight Market Review (December 02) OPEC+ decided to maintain the production policy unchanged until the end of 2023 OPEC+, composed of 23 […]
The U.S. dollar index plummeted for a while. Will the U.S. dollar index hit a new low again with the Fed’s dovish message yesterday?
US dollar index:The three major data yesterday made the U.S. dollar index fluctuate. In the end, because of the dovish signal released […]
Gold continued to consolidate for a while? Will the Fed continue to hawk? What about this week’s non-farm payrolls?
Gold:The gold D1 chart has continued to fluctuate for two weeks. Today’s small non-agricultural data hits heavily. Judging from the current data […]
COMEX sold off nearly 550 million worth of gold again yesterday, and the price of gold once plummeted to $20. Will it reverse and go up today?
GOLD:In the European market yesterday, gold rose as high as 1763.77, while in the U.S. market COMEX sold gold worth nearly 524 […]
Yesterday’s Fed meeting all released doves? ! Gold reversed after hitting a key support level below, will the rally continue? !
XAUUSD：At three o’clock in the morning today, the Federal Reserve mentioned in its three o’clock meeting that they should slow down the […]
USD/JPY supported? Fed officials continue to release hawkish remarks, and the dollar index will continue to rise?
USD/JPY:The USD/JPY D1 chart broke through the Fibonacci 0.236 resistance level. After the price broke through the upper resistance level yesterday, it […]
Gold is currently supported by the key support level below? Tonight, we will focus on the Federal Reserve FOMC meeting at three in the morning. Will gold continue to fall?
Overnight market review During the Asian session on Wednesday (November 23), spot gold fluctuated within a narrow range and is currently trading […]
AUD/NZD hit the key support below? Is there a chance to reverse and go up?
AUD/NZD:The AUD/NZD D1 chart is currently hitting a key support level below, hitting a low not seen since April. The RSI indicator […]
Gold fell to $10 yesterday, the Fed’s strong hawkish remarks touched gold continued to fall?
Overnight Market Review (November 22) During the Asian session, spot gold fluctuated and rose slightly. It is currently trading around 1743.10 US […]
Is GBP/USD peaking for a reversal? Has inflation peaked now?
GBP to USD:The D1 chart of GBP/USD hit the top again and reached the key resistance level above. The hawkish signal released […]
Fed officials to release hawks again? Gold will usher in a downtrend again?
Overnight Market Review (2022.11.21) During the Asian session on Monday, spot gold fluctuated slightly, continuing last week’s decline, and once hit a […]
Market sentiment heating up? ! Gold or will usher in a surge?
Overnight market review, on Tuesday, December gold futures responded positively to the slowdown in U.S. PPI and renewed geopolitical tensions. It follows […]
Has the AUD/USD divergence pattern peaked?
AUD/USD:The AUD/USD H4 chart price is seriously overbought. It can be seen that the current RSI indicator has formed a death cross, […]
EUR/AUD hits key support below, strong reversal trend?
EUR/AUD:EUR/AUD D1 chart successfully broke above the key resistance level of 1.54000. It can be seen that the current price has also […]
Gold once again reached a high level and hit the key resistance level of 1784! Is there a reversal?
Overnight market review, during the Asian session on Tuesday (November 15), spot gold fluctuated within a narrow range and is currently trading […]
EUR/CAD breaks above key resistance level again? ! Is there a rally?
EUR/CAD:EUR/CAD H4 chart price managed to break above the overhead resistance level. And it also formed a pullback in the first two […]
Gold rally still strong? Will gold continue its strong rally at this stage, or will it form a major correction?
Overnight market review (2022.11.14) During the Asian session, spot gold fluctuated within a narrow range after opening lower, and is currently trading […]
Yesterday’s CPI data announced that inflation was better than expected. Huang Jin went up and closed at 1755.65. Will gold continue to rise today?
Overnight Market Review (2022.11.11) For much of the year, Fed policymakers have linked new words such as “rapid” and “preemptive force” to […]
AUD/CHF, after breaking the overhead resistance, will it continue to rise?
AUD/CHF:The AUD/CHF D1 chart continues to hold strong gains that continue to be strong, also hitting our profit point yesterday. The current […]
AUD/CHF fell 1.37% yesterday?! Is there a possibility of a reversal today?
AUD/CHF:AUD/CHF D1 chart is down 1.37% to hit a Fibonacci retest of 0.618. With the current trend price, it is very likely […]
Overnight Market Review (2022.11.09) The gold market has rebounded nearly $100 from a two-year low hit last week, and according to a market analyst, investors may be starting to recognize the precious metal’s value.
Gold’s recent drop to $1,618 an ounce was an important move, creating a solid value investment for investors. While hedge funds and […]
EUR/GBP pullback over? A big upswing is coming?
EUR/GBP:The falling wedge pattern on the EUR/GBP H4 chart has officially been broken and the pattern has formed. It can be seen […]
Gold once rose to a key resistance level. Can gold break through the upper resistance level and rise?
Overnight Market Review (2022.11.08) After a strong rise of $50 on Friday, is there a chance for gold prices to break through? […]
The Bank of England is releasing dovish messages. Will the euro against the pound usher in a surge?
EUR/GBP:The UK raised interest rates by 75 basis points yesterday, the largest rate hike in 33 years and the highest rate since […]
Gold fell yesterday after the Fed released hawkish information, but then reversed and rose after hitting a key support level. Will the non-farm payrolls data tonight drive prices to continue to rise?
Overnight Market Review (2022.11.04) Although gold prices fell due to Fed Chairman Powell’s hawkish stance, next year’s gold price trend will be […]
Horror data coming tonight? Will gold reverse or continue to decline?
Overnight Market Review (2022.11.02) Last quarter, central bank gold purchases reached record levels. But it’s important to note that big players are […]
Did the US dollar index open higher yesterday? ! Is there a reversal?
USD/JPY:The U.S. dollar index continued to decline today. As a result, many non-US currencies continued to strengthen. The USD/JPY D1 chart traded […]
The dollar index rose yesterday and gold fell to 1632. Will there be a reversal? Or will it continue to fall?
Overnight Market Review (2022.11.01) Hedge funds will continue to sell gold as prices rebound and maintain an overall bearish outlook for gold […]
Britain spends 60 billion to rescue the market? This week’s key data is coming, will the Fed continue to rise 75 basis points? What will be the outcome of GBP/USD?
GBP to USD:It has also been some time since the UK took out 60 billion to bail out the market. The U.S. […]
Gold once again hit a key support level, whether it breaks through and continues to fall.
Overnight Market Review (2022.10.31) This week’s focus will be on the Fed’s monetary policy, as gold prices will close under heavy selling […]
Europe raised interest rates by 75 basis points yesterday, after a brief rise as the U.S. GDP data continued to fall. Will it continue to decline at this stage?
EUR/USD:Europe raised all three major interest rates by 75 basis points yesterday, but the subsequent dovish signal from the European Central Bank […]
Crude oil about to return to stable prices? Attempt to break above resistance and failed?
Overnight Market Review (2022.10.26) On Friday (28th), oil prices fell from recent highs, but the week is expected to rise for the […]
Recently, the Fed has been unusually quiet, and gold is about to usher in a reversal? Or will it continue to rise?
XAUUSD：The recent dovish remarks by the Federal Reserve prompted the dollar index to fall, and gold continued to rise. And coupled with […]
The dollar index fell below the key support level, whether gold will usher in a surge.
Overnight market review (2022.10.26) Goldman Sachs said commodities are a key asset class to hold during the current market volatility, but one […]
Japan intervenes in the foreign exchange market again? Is USD/JPY expected to fall? !
USD/JPY:The yen’s continuous intervention in the market led to the dollar being suppressed, which should have continued to rise. Looking back at […]
Fed decides to slow rate hikes? Will gold go higher because of this?
Overnight market review (2022.10.25) Asian session, spot gold fluctuated within a narrow range, currently trading around $1,648.5/oz. The U.S. PMI data in […]
EUR/CAD hits key resistance level again? Is there a chance to break through? Or is it about to turn down?
EUR/CAD:The EUR/CAD D1 chart price has now hit the key upper resistance level at this stage, and it can be seen that […]
Gold falls below key support level again? Will it hit a new low?
Overnight Market Review (2022.10.21) Fundamental factors are less important to the outlook for precious metals, with interest rate hike expectations and concerns […]
EUR/USD upside capped? ! Is it expected to continue to decline?
EUR/USD:EUR/USD’s D1 chart shows that the price fell sharply after hitting the 0.618 level. Also because of the hawkish news released by […]
The Fed has released a hawkish signal, and the price of gold falling below 1615 is expected to hit the level before the epidemic?
Overnight Market Review (2022.10.20) During the Asian session, spot gold continued to decline, hitting a new low of $1,624.03 per ounce in […]
EUR/USD gains capped again? Continued hawkish rhetoric from the Fed prompts another drop in EUR/USD?
EUR/USD:The EUR/USD D1 chart Fibonacci backtest indicator attempted to break through the key resistance level of 0.5 yesterday, but failed. At the […]
Is the U.S. dollar index expected to hit a new high? ! Non-US currencies about to fall together?
USD/CAD:The USD/CAD D1 chart is actually not difficult to see that the uptrend remains strong. The Fibonacci backtest can also see that […]
Is the Fed sending a hawkish signal again? ! Gold is about to hit a new low again?
Overnight Market Review (2022.10.19) In the Asian afternoon session on Wednesday (19th), the price of gold futures fell slightly, close to the […]
Gold Continues to Consolidate? When will the direction appear?
In the overnight market review (2022.10.18) during the Asian session, spot gold was hovering around the 1650 mark. On Monday, the new […]
USD/JPY hits 1990 highs again, will it continue to rise?
USD/JPY:The USDJPY D1 chart is currently at a 1990 high and the RSI indicator on the D1 chart is showing a very […]
Gold once again fell to the key support level and failed? Will the Fed’s constant hawkish rhetoric send gold prices lower? Or will it have the opposite effect?
Overnight Market Review (2022.10.17) At the beginning of the Asian market, spot gold fluctuated and rose slightly. It is currently trading around […]
U.S. inflation rate announcement, gold is about to usher in a surge?
Overnight Market Review (2022.10.14) Gold prices have been consolidating rampantly, but have fallen about 2% so far this week amid fears that […]
Yesterday’s CPI data announced that all non-US currencies plummeted! The signal of a 75 basis point rate hike is coming? Could the euro rise against the dollar?
EUR/USD:Although the inflation rate dropped yesterday, the possibility of the next rate hike by 75 basis points is as high as 75 […]
Important data coming? Focus on CPI data tonight! Will gold skyrocket or plummet?
Overnight Market Review (2022.10.13) The Federal Reserve may cut interest rates next year, gold is expected to rise, and the debate on […]
Is the U.S. dollar index rising again? Fed official Mester unleashes hawks again? Is the dollar on track to record new highs?
US Dollar Index:Yesterday, the US dollar index fell by 0.65% to 112.41, but it rose later. Yesterday, Federal Reserve official Mester also […]
Is the Fed continuing to tighten monetary policy? Once gold breaks key support level, is it expected to fall by $30?
Overnight Market Review (2022.10.12) The US economy continues to lose momentum and the threat of recession continues to increase. However, the Federal […]
Is the overall supply in the energy market tight? Will crude oil be affected and go up?
Overnight Market Review (2022.10.12) Oil prices fell further on Tuesday as the market reassessed the OPEC+ production quota cuts and the International […]
GBP/JPY has been blocked from falling, and a reversal is coming? Is it time to get in to do more?
GBP/JPY:GBPJPY D1 chart price has reached support level. And excluding the false breakthroughs in the previous days, the current disk has formed […]
EUR/USD pullback is coming to an end? Downtrend returning?
EUR/USD:The EUR/USD D1 chart using Fibonacci backtests can see that the price turned down when it hit the 0.786 level. And from […]
Dollar strengthening again? Sterling continues to weaken? Will it hit a new low again?
GBP to USD:The Fibonacci backtest of the GBP/USD D1 chart still touched the 0,786 position and was blocked and turned down. And […]
Are all Fed officials sending hawkish signals again? Suppressing inflation will be the most important decision.
Overnight Market Review (2022.10.7) During the Asian session on Friday (October 7), spot gold fluctuated slightly and was currently trading around US$1,710/oz. […]
EUR/GBP head and shoulders pattern formed? Will it succeed in breaking through the neck position? Form a crash?
EUR/GBP:EUR/GBP D1 chart is again capped by overhead resistance. And the D1 chart is slowly forming a head and shoulders pattern. At […]
AUD/NZD challenges key support below again? Is there a chance to break through?
AUD/NZD:The AUD/NZD D1 chart touched the Fibonacci 0.786 level and has been supported by the 0.786 support level on both occasions. There […]
Crude oil rose 4.5% yesterday? Is there any sign of rising risk aversion, and how high will crude oil soar?
Overnight Market Review (2022.10.4) Multiple positives boosted oil prices by more than 4.5%, and the United States has raised its LNG prices […]
Dollar index lower again? ! Will this prompt USD/JPY gains to be capped?
USD/JPY:USDJPY D1 chart is still trying to break above the resistance level, but so far it has failed. At present, the general […]
AUD/USD hits new lows? Is it time to take a dip?
AUD/USD:AUD/USD D1 chart price has hit a new low and the RSI indicator has also reached oversold territory. And the US dollar […]
EUR/NZD price peaking? A very strong trend reversal signal?
EUR/NZD:The EUR/NZD D1 chart is heavily overbought, and the RSI indicator price once rose to 80 percent. However, it seems that there […]
Is the US dollar index heading lower? Has the dollar index really bottomed out? Or is this drop just a pullback?
Overnight Market Review (2022.10.1) In early Asian trading, the U.S. dollar index traded around 112.15; the U.S. dollar index recorded its largest […]
EUR/USD hits key overhead resistance again? Will there be a wave of pullbacks that continue to fall?
EUR/USD:The U.S. dollar index fell yesterday, prompting gains in non-U.S. currencies. Although the price may still rise in the performance stage of […]
Crude oil prices will be suppressed again? ! Is a return to pre-war levels expected?
Overnight Market Review (2022.9.30) OPEC+’s decision to cut October oil production levels by 100,000 bpd surprised many traders who had forecast unchanged […]
The dollar weakened yesterday, leading to short-term gains in crude oil. Is there a chance of another drop now? Or will it continue to rise?
Overnight Market Review (2022.9.29) WIT struggled near the $80 mark, a bearish catalyst has been weighing on the oil market. However, he […]
USD/CAD hits record high again! Will it rise again? Or is there a chance to reverse? !
USD/CAD:D1 USD/CAD closed lower and higher yesterday, the lowest price touched 1.36395 and then recovered to close at 1.37235. This move of […]
Is Russia “doing it” again? ! Crude oil is expected to rise?
Overnight Market Review (2022.9.28) Russia may propose at the next OPEC+ meeting to cut the group’s output by 1 million barrels per […]
Crude oil fell to a new low of 8 months ago, is it expected to break again and return to the level before the war?
Overnight Market Review (2022.9.27) ”The US dollar continues to rise to suppress oil prices” The US dollar once again refreshed a 20-year […]
GBP/USD hits record low again! The pound tumbled yesterday, but rose after the Bank of England signaled a rate hike. Is there still a chance to keep going lower?
GBP to USD:GBP/USD hit another record low. The pound fell as low as 1.03565 at the opening yesterday. But after the Bank […]
JPMorgan Chase is warning, crude oil is expected to hit the $100 level? But still bearish?
Overnight Market Review (2022.9.26) Oil prices have continued to fall throughout the summer, but as the supply side tightens in the coming […]
The dollar index soared again? ! The rest of the non-US currencies fell sharply! !
EUR/USD:The U.S. dollar index opened at a new high again today. The strength of the dollar prompted non-US currencies to fall. On […]
The U.S. dollar has once again breached a new 20-year high! Will USD/JPY rise again?
USD/JPY:The US dollar index once again broke through the new high before 20, reaching the price of 120. The yen rose 2% […]