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The Federal Reserve kept interest rates unchanged on Wednesday (the afternoon of January 31 local time, early morning of February 1, Beijing time) as expected, but took a big step towards cutting interest rates in the coming months, with its policy statement saying inflation concerns and other economic risks eased, and removing long-held language about the possibility of further rate hikes.
But the Fed's latest policy statement did not hint at an imminent rate cut, saying that the Federal Open Market Committee (FOMC), which sets policy, "believes that lowering the target range for the benchmark rate is inappropriate until there is greater confidence that inflation will continue to fall below the 2% target." "And Fed Chair Jerome Powell's hawkish speech caused gold to give up gains earlier on Wednesday, while U.S. stocks fell sharply across the board, with the S&P 500 posting its biggest one-day drop since September 2022.
Oil prices fell on Wednesday as demand uncertainty weighed on sentiment, but oil prices are set for their first monthly gain since September as supply concerns over the expanding conflict in the Middle East sparked concerns. Saudi Arabia unexpectedly halted its oil capacity expansion plans, a shift that had been in the making for at least six months and was based on uncertainty over the demand for spare capacity. Saudi Arabia's energy ministry on Tuesday ordered Saudi Aramco to halt plans to expand its maximum sustainable oil production capacity to 13 million b/d, returning to its previous target of 12 million b/d.
2.1 Spot gold market analysis:
Gold opened near 2037 yesterday, the Asian market fell slightly, the European market began to rebound and rise, the U.S. market accelerated after the opening, and the end of the day refreshed the new intraday high to around 2056 and then began to fall, the end of the day to refresh the new intraday low to 2030 line, the daily line received a doji trend. On the daily line, the Bollinger bands are running flat, the K-line fluctuates between the middle and upper rails, the MA5 and MA10 moving averages begin to turn around and diverge upward. Looking at the trend of rebound and rise, it is still possible to look at a wave of rise. In the short term, the Bollinger bands are closed, the upper and lower rails on the K-line oscillate back and forth, the MA5 and MA10 moving averages are flattened, the MACD energy column is gradually shrinking, and the KDJ indicator is a golden cross.
2.1 Spot gold operation suggestions:
1. Go long near 2033/2036 below, stop loss 6.5 US dollars, and target 2047-2065-2088;
2. Test long near 2008/2010 at any time, stop loss of $6.5, and target 2023-2036;
3. Short near 2078/2080 above, stop loss 6.5 US dollars, and look at 2068-2050-2042 under the target;
4. If the market changes, we will give suggestions separately, please pay attention;
2.1 Spot White Bank Analysis:
Silver opened near 23.14 yesterday, the Asian market fell trend, the European market began to rebound and rise, the U.S. market directly soared to refresh the new intraday high to 23.32 after the first line began to fall, the end of the day to refresh the new intraday low to 22.77 near the strong support position, the daily line to collect a small negative trend. On the daily line, the Bollinger bands are running flat, the K-line encounters the upper pressure falling, the MA5 and MA10 moving averages in the middle of the track begin to flatten the running state, the MACD energy column volume trend, the KDJ indicator is a dead fork, the daily cycle looks at the trend of bottoming out today, and the low operation continues to rise. Short-term look at the Bollinger band opening to run downward, K-line temporarily fluctuated near the lower rail, MA5 and MA10 moving averages began to turn around at a high level and diverge downward in the running trend, the MACD energy column is gradually reducing the operating state, the KDJ indicator is a dead fork, the short-term look at the high pressure falling, today is still the trend of falling first and then rising, and the temporary strong support position looks at the rebound and rises, much lower.
2.1 Spot silver operation suggestions:
1. Go long near 22.78/22.85 below, stop loss 22.52 US dollars, target 23.52-24;
2. Test long near 22/22.18 at any time, stop loss 21.88 US dollars, target 22.65-23.23;
3. Short near 24/24.13 above, stop loss 24.38 US dollars, target 23.54-23;
4. If the market changes, we will give suggestions separately, please pay attention;
2.1 Crude Oil Market Analysis:
Crude oil opened yesterday near 77.7, the Asian and European markets continued to fall, the U.S. market continued to fall after the opening, and the end of the day refreshed the new intraday low to a strong support position near 75.4, and the daily line charged a big negative trend. On the daily line, look at the Bollinger band opening upward divergence operation state, the K-line continues to hit the upper rail pressure falls, the MA5 and MA10 moving averages begin to turn around at a low level and diverge upwards in the operation state, the MACD energy column volume trend is running, the KDJ indicator is a golden cross, and the daily cycle looks at the trend of bottoming out today. In the short term, the Bollinger band opening runs downward, the K-line declines, the MA5 and MA10 moving averages begin to turn around and run downward, the MACD energy column is gradually shrinking, and the KDJ indicator is a golden cross.
2.1 Crude oil operation suggestions:
1. Go long near 75.5/75.7 below, stop loss 74.3, target 77.2-79;
2. Test long near 73/73.2 at any time, stop loss 72, target 75.5-78.6;
3. Test short near 79/79.3 above, stop loss 80, target 77.6-75;
4. If the market changes, we will give suggestions separately, please pay attention;
(The above article was originally written by Xiaobing Finance, please indicate the source for reprinting.) Xiaobing Financial Management warmly reminds that investment is risky, and you need to be cautious when entering the market. The above only represents the personal views of Xiaobing Financial Management, and is not used as a basis for operation, and the operation is at your own risk)