【U.S. Dollar Index】
In terms of the U.S. dollar index, the U.S. dollar index price was generally volatile on Monday. The price rose to a high of 105.178, a low of 104.84 and a close at 105.078. Looking back on Monday's U.S. index price performance, after the morning opening price short-term shock after the pressure again, the price of the U.S. market stopped further upward, maintained a large range of shocks during the day, and finally the daily line received a positive line, yesterday emphasized that the first focus on the U.S. index further correction, when the price touched the daily resistance and then look at the pressure, today still maintain this line of thought, the short-term 105.00-10 range can first see the support upward, the upper focus on the 105.40-105.70 area, and then focus on further pressure after the price is in place.
The U.S. index is in the range of 105.00-10, defending $5, and targeting 105.40-105.70
The U.S. index is in the range of 105.65-75, defending $5, and the target is 105.10-104.50
【Gold】
In terms of gold, gold prices generally showed an upward trend on Monday, with the highest price of the day rising to 2331.83, the lowest falling to 2291.68, and closing at 2323.71. Looking back at the performance of the gold market on Monday, the price first came under pressure after the morning open, then rose rapidly, and the price tested the daily resistance near 2330 in the evening as scheduled, and the overall trend was perfectly in line with our expectations. At present, we will temporarily focus on the pressure on yesterday's high, and temporarily focus on the support of the 2314-15 range below, and will continue to fall again after the breakdown to test the 2277 area. If it breaks through yesterday's high again, wait for the 2342-2343 range to see the pressure, and the overall price below 2353 will maintain a volatile and downward treatment.
Gold 2329-30 range short hold attention to the 2314-15 range to reduce positions, after the break will continue (ps: if the price breaks through yesterday's high again, wait for the 2342-43 range to see pressure)
【Europe and America】
In Europe and the United States, prices in Europe and the United States generally showed a state of rising and falling on Monday. The price of the day fell to a low of 1.0754, rose to a high of 1.0790 and finished at 1.0762. Looking back on Monday's European and American market performance, after the morning opening of Europe and the United States short-term shock after the upward correction again, the price as the author said, the daily line left a long upper lead, the follow-up continued to pay attention to the daily support area, at present, today's radicals can be short first, conservatives are waiting for the price to touch the daily support 1.0700-10 range layout more, and then pay attention to Europe and the United States further upside.
Radicals:
The EURUSD 1.0770-80 range is empty, defending 40 points, targeting 1.0740-1.0710
Maintained by:
The range of 1.0700-10 is long, the defense is 40 points, the target is 1.0760-1.0800-1.0830
【Today's key financial data and events】Tuesday, May 7, 2024
(1) 12:30 The Reserve Bank of Australia (RBA) announces its interest rate decision and monetary policy statement
(2) 13:30 RBA Governor Bullock holds a press conference
(3) 13:45 Switzerland's seasonally adjusted unemployment rate (April).
(4) 14:00 Germany's seasonally adjusted trade balance in March
(5) 14:00 UK Halifax seasonally adjusted house price index in April
(6) 14:45 France's trade balance for March
(7) 17:00 Eurozone retail sales in March MoM
(8) At 00:00 the next day, the EIA will release its monthly short-term energy outlook report
(9) 04:30 the next day, API crude oil inventories in the United States for the week to May 3
Note: The above is only a personal opinion strategy, only for review and exchange, does not give any investment advice to customers, has nothing to do with customers' investment, and is not used as the basis for placing orders.