Opportunity is fair to anyone, and when it is around us, it is not dressed up, but ordinary, not at all unremarkable. Opportunities that seem dazzling are not opportunities, but traps; True opportunity is initially simple, and it is only through initiative and diligence that it becomes extraordinarily brilliant.
Interpretation of market data - interpreting the important news of the world economy and analyzing the global investment trend:
On Wednesday (August 17) in early Asian trading, the dollar index was basically stable, now trading near 106.50; spot gold edged lower, currently slightly below $1775 / ounce. Investors will welcome the minutes of the Federal Reserve meeting and the US retail sales data known as "horror data" this trading day, which is expected to trigger sharp fluctuations in assets such as the US dollar and gold. Some institutions pointed out that if the gold price falls below the support of $1770 / ounce, the future market may face the risk of a sharp fall. Gold prices fell slightly on Tuesday as the dollar held near near a three-week high. Investors are awaiting hints from the Fed minutes for a rate hike. Spot gold closed at $1775.25 an ounce on Tuesday, down $4.02 or 0.23%, hitting as high as $1783.03 an ounce and as low as $1771.24 an ounce. In the intraday session on Tuesday, the dollar index briefly hit a near three-week high of 106.95 and then retreated from its high.
Everyone will be watching the minutes of the Fed's meeting released wednesday. That will be closely watched by investors looking for any new clues about what policymakers think when they raise rates by 75 basis points at the second consecutive meeting. At 2 p.m. Eastern Time on Wednesday (2 a.m. Hong Kong time on Thursday), the FOMC will release the minutes of its July monetary policy meeting. The minutes may provide clues as to the magnitude of the next rate hike. If the tone of the minutes is hawkish, that could give new impetus to dollar bulls as the hike bet turns to another massive rate hike in September. On the other hand, any dovish hint or cautious wording in the minutes could trigger a weaker dollar.
In addition, the US Retail Sales Report for July, released on Wednesday, needs to be closely watched. U.S. retail sales data is known as "horror data", because it usually has a greater impact on financial markets, so it is likely to have an impact on the trend of assets such as the US dollar and gold. Economists at Commerzbank pointed out that the retail sales data scheduled for Wednesday should confirm that the US economy is still strong. Therefore, as long as there are no obvious signs of economic slowdown at present, the expectation of positive action by the Fed should support the dollar. In terms of speeches, investors need to pay attention to what Kansas City Fed President Esther George and Minneapolis Fed President Neel Kashkari said Thursday.
8.17 Gold market trend analysis:
Spot gold rose after a slight decline at the beginning of the Asian session on Tuesday (August 16) and began to decline after hitting an intraday high of $1783.13 / ounce, slowly falling during the session; In the US market, gold fell to a daily low of $1771.30 / ounce, and by the close, gold recovered slightly from the intraday low, closing at $1775.70 / ounce.
Gold technical analysis, on the daily line, the next day gold under pressure at the MA5 day moving average fell slightly, and after touching the intraday low, a slight recovery, recorded a small yin with an upper and lower shadow line, on the daily line, today's market is held below the moving average, and the day is expected to continue to decline; 4 hours, the next day gold held below the MA10-day moving average, the current Bollinger band is in the opening period, the MA moving average out of the double dead fork, the KDJ stochastic indicator three lines together upwards, the MACD indicator green kinetic energy column slightly reduced, the fast and slow line dead fork down. On the whole, at present, gold still has a downward trend in the short term, and today's operation suggests that the teacher continue to keep short, pay attention to the 1785 first-line resistance above, and pay attention to the 1760 first-line support below.
8.17 Gold Operation Recommendations:
1, rebound near 1785 short, stop loss of 5 US dollars, the target to see near 1770-1760;
2, retracement near 1760 to do long, stop loss of 5 US dollars, the target to see near 1775-1790;
Warm tips: the market is changing rapidly, the above Liu Jinjun views are for reference only, reasonable control of the position, do not re-position or full position operation, do a single please bring a good stop loss, the specific operation to Liu Jinjun himself real guidance.
8.17 Crude oil market trend analysis:
U.S. crude oil on Tuesday (August 16) at the beginning of the Asian session opened up and down, slightly down after moving higher; In the US intraday, crude oil expanded its gains, refreshing the intraday high of $90.58 / barrel, but only touched the intraday high immediately after the downward movement, intraday expanded the decline, refreshing the intraday low of $85.71 / barrel, as of the close, crude oil rebounded slightly from the intraday low, closing at $87.14 / barrel.
Crude oil technical analysis, on the daily line, the next day crude oil under pressure at the MA5-10 day moving average to carry out downward, the intraday fell to the lower rail position after a slight recovery, recorded with the upper and lower shadow line of the small yin, the daily line, the current market is still under pressure, or will continue to go lower; On the 4-hour front, the next day crude oil was blocked in the middle rail position to start downward, the current Bollinger band is in the opening period, the MA moving average out of the double dead fork, the KDJ stochastic indicator three lines forward, the KDJ stochastic indicator green kinetic energy column continues to increase, the fast and slow line dead fork down. On the whole, the current crude oil still has a downward decline, today's operation on the golden beam teacher suggested that the rebound continue to short, above the attention of the 88.0 first-line resistance, below the attention of the 83.0 first-line support.
8.17 Crude Oil Operation Recommendations:
1, rebound near 87.8 short, stop loss 0.5 US dollars, the target to see 85.0-83.0 nearby;
2, retracement near 83.0 to do long, stop loss of 0.5 US dollars, the target to see near 84.5-86.0;
Warm tips: the market is changing rapidly, the above Liu Jinjun views are for reference only, reasonable control of the position, do not re-position or full position operation, do a single please bring a good stop loss, the specific operation to Liu Jinjun himself real guidance.
Jin Shu's message - to encourage jun
Life is like driving, passing by, are all scenery, the scenery is beautiful, even if you have passed, you have to leave, whether you give up or not, life must move forward. Put down, the past is the cornerstone of the future; Can't put it down, yesterday is a burden that drags down today. There is hope in life to live, and hope is in the present, not yesterday.
Text/Liu Jinjun