MBG MarketsThe Federal Reserve Sings Good for the Economy, Heavenly Buying Supports Gold Prices

　　
The Federal Reserve Sings Good for the Economy, and the US dollar continues to fluctuate against the Japanese yen(USD/JPY)
　　
Technical aspect:The USD/JPY experienced a significant fluctuation in the previous trading day37Points, closing down0.04%。 Daily lineBOLL(20)The Bolin track tends to rise, and the exchange rate continues to operate above the track; Daily lineMA5,10,20Construct multi period golden fork resonance,MA5Tending towards a downward trend; Daily lineMACD(12,26,9)The potential energy of the positive column is relatively small, and the potential energy is reduced compared to the previous trading day; Daily lineRSI(14)to57-58Frontline operation, with a smaller operating slope tending to rise. Attention to resistance above109.50Below support attention108.60Location.
　　
Fundamentals:Federal Reserve Philadelphia Fed Chairman Huck expressed opposition10Monthly interest rate cuts are currently neither supported nor supported. The Federal Reserve should keep interest rates unchanged and observe economic development. Minneapolis Federal Reserve Chairman Kashkari stated that his perception of the development of the US economy has improved compared to a few months ago. US President Trump once again criticized the Federal Reserve for being too slow in cutting interest rates, putting the United States at a disadvantage when competing with other countries and expressing his desire for negative interest rates. Former Chairman of the Federal Reserve, Alan Greenspan, stated that there will be no issues with the Fed's independence in the short term.
　　
The prosperity index is improving, and the euro is still under pressure at a low level(EUR/USD)
　　
Technical aspect:The previous trading day saw a significant fluctuation in the euro against the US dollar36Points, closing down0.2%。 Daily lineBOLL(20)The Bolin middle track tends to decline, and the exchange rate is close to the Bolin lower track; Daily lineMA5,10,20Construct multi period dead fork resonance,MA5,10Double track trend downward, exchange rate under pressureMA5Below; Daily lineMACD(12,26,9)The potential energy of the Yin column has decreased compared to the previous trading day; Daily lineRSI(14)to38-39Running on the front line, with a small slope and tending to flatten out. Attention to resistance above1.1070Below support attention1.0970。
　　
Fundamentals:Germany11monthZEWEconomic prosperity index recorded-2.1, much better than previous values-22.8And market expectations-13； eurozone11monthZEWEconomic prosperity index recorded-1, much better than previous values-23.5。 German think tankZEW：11The rise in the monthly economic prosperity index indicates that expectations for improving the international economic policy environment in the short term are heating up; The expectation of the United States imposing tariffs on European Union cars has decreased compared to a few weeks ago; The possibility of an orderly Brexit for the UK has greatly increased as an agreement may be reached with the EU. althoughZEWEconomic indicators improved, but ReutersIFRSharply pointed out that this will not change the downward trend of the euro against the US dollar.
　　
Massive buying support, causing significant fluctuations in gold prices(XAU/USD)
　　
Technical aspect:goldThe previous trading day's amplitude reached148Individual points, closing up0.19%。 Daily lineBOLL(20)Tending to open up, the Bollinger track tends to decline, and gold prices continue to be under pressure below the track; Daily lineMA5,10,20Construct multi period dead fork resonance,MA5,10The double track tends to decline; Daily lineMACD(12,26,9)The potential energy of the Yin column is relatively large, and the potential energy is reduced compared to the previous trading day; Daily lineRSI(14)to37-38Frontline operation, with a large operating slope tending to rise. Observation of resistance above1474Below support attention1445frontline.
　　
Fundamentals:Panic indexVIXThe index closed flat on the previous trading day12.68； Forward looking gold price indicator Barrick Gold Company(NYSE:ABX)The stock price closed up on the previous trading day0.37%, closing on16.44。 The world's largest goldETFFund: United StatesSPDR Gold Trustto11month13Daily reduction of holdings4.10Tons of gold. The precious metal market experienced severe volatility on Tuesday, with spot gold breaking four points within the day1450The US dollar level, and then23:40about,COMEXMost Active GoldfuturesTrading volume within two minutes of the contract10735Hand, total contract value exceeds15USD100mn Due to pressure from large buying orders, gold quickly regained its intraday decline.
　　
　　
　　
Risk Statement and Important Notes
transactionforeign exchangeMargin and contract for difference trading involve high risks and may not be suitable for all investors. You may encounter losses exceeding the principal amount during trading.
The above content is general information and does not take into account your investment objectives, financial condition, or other needs; It does not constitute any invitation to invest or buy or sell financial products. Before you make an investment decision,MBG MarketsWe suggest that you seek independent financial advice. Meanwhile,MBG MarketsWe shall not be liable for any direct, indirect or consequential losses arising from the use of this review/Liability or obligation resulting from or damage.
You are making a decision to selectMBG MarketsPlease read carefully before providing the financial productsMBG MarketsAnd confirm full understanding of the transaction in accordance with the terms and conditions and product disclosure statementMBG MarketsRisks related to financial products.