**: Giant Elephant Gold
Yesterday, as the Federal Reserve's 1 interest rate decision approached, the U.S. dollar index showed a ** decline. In the evening session, the U.S. market briefly turned higher on the back of strong employment data, but then returned to the decline and finally closed lower. In addition, the 10-year U.S. Treasury yield also rose during the U.S. session, but continued to fall at the end of the session, refreshing the intraday low, while the 2-year U.S. Treasury yield barely closed higher, and finally closed at 4339%。The latest data released overnight showed that the US JOLTS job openings data for December rose above expectations of 8.75 million to 90260,000, a three-month high. The resurgence of the job gap has reduced the probability of a Fed rate cut in March to about 40%. Spot** briefly hit its highest level since Jan. 16 on the back of weaker US dollar and US Treasury yields, but erased most of the gains after the job openings data was released.
Tonight, a large number of economic data will continue to be released, first of all, the US ADP employment number 2 for January will be released, this data is known as the non-farm outlook, in order to make the market sentiment begin to be agitated in advance, and then the US January Chicago PMI data will be released, as well as the Fed's latest interest rate decision and Fed Chairman Powell's press conference in the early morning; Although the market expects to keep interest rates unchanged this time, the views in the subsequent policy statement and press conference will directly lead to a change in market sentiment. As a result, there will be a lot of volatility on the night of the interest rate decision**, so it is important to keep an eye out for market changes.
Yesterday, the bulls continued to pull up, and after a rapid impact near 2040 in the evening, they fell back again, and the bulls continued to attack towards new highs. From the trend point of view, the upward channel of the 30-minute trend type continues to be maintained, the short adjustment continues, and the Fed's interest rate decision in the evening has a greater impact on the long and short, so it is necessary to pay attention to possible changes in direction. From the indicator point of view, the fast and slow lines of the MACD indicator on the 30-minute period Diff and DEA are near the retracement 0 axis, and the green kinetic energy column is still growing.
Yesterday, the bulls continued to hit new highs, and the bears fell back quickly in the evening to test below 23After the 000 mark, the long and short then entered the momentum, as the Federal Reserve interest rate decision was close yesterday, the long and short direction will face a new choice. From the trend point of view, the one-hour upward trend is still continuing, the bulls have broken through the upper pressure many times, the upward trend is still maintaining, and there is a possibility of falling back to test the support line again during the day, so the bulls should prevent this loss. From the indicator point of view, the 1-hour MACD indicator fast and slow lines Diff and DEA are running around the 0 axis.
On the 1-hour chart of the U.S. dollar index, the bears continued to retreat and adjust yesterday. Judging from the recent trend structure, the bulls have repeatedly shown upward divergence, but the bulls continue to pull up. From the point of view of indicators, the MACD indicator fast and slow line Diff and DEA have been golden crosses, the red kinetic energy column is still growing, and the bulls are continuing to rise.
*ETF – SPDR Gold Trust holdings report.
The above views and suggestions are for reference only. 】
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