EFS-Expectations of US interest rate hikes and Trump's speech to suppress risky assets

Yesterday, Federal Reserve officials gave a concentrated speech with hawkish views, which boosted3Expectations of monthly interest rate hikes, US stocks andgoldAs assets began to decline, coupled with President Trump's speech this morning, the market avoided the risk of uncertainty, and funds began to temporarily withdraw from risky assets to wait and see. Therefore, the market trend was weak yesterday.
S&P500The index itself has accumulated a large amount of profit after a long period of upward movement, and the action of closing profits has also increased the pressure of adjustment.

　　crude oilMorning AmericaAPIThe slight increase in inventory data is bearish for oil prices, but the impact is relatively small. Overall, attention is still focused on the uncertainty of Trump's speech, leading to a cautious trend.

In terms of specific technical aspects, S&P500Although there has been a correction in the index, it is still10Above the support level of the daily moving average, the short-term moving average converges but has not yet formed a dead cross, and there is still a possibility of further expansion, so it has not fallen below10Maintain an upward trend before the daily moving average. Before Trump's speech today, it is safer to wait for the results of the speech to appear before taking action. The specific operational strategy can be to break through yesterday's high light position and go long, but strict stop loss measures are required. The specific operation is to break through2370Light warehouse chasing more,2355Stop loss,2385Stop surplus.

The gold daily structure gave a short selling suggestion yesterday, and currently it has been profitable. Overall, the trend is bearish for gold, and there has been a significant technical deviation, with a bearish trend. But in the short term, it happened to test at the neck line and10Double support of daily moving averages1244Position, therefore wait and see before falling below support, and after breaking through, further light position chasing short operations can be carried out,1250Stop loss,1228Stop surplus.

The daily structure of crude oil fell yesterday and tested to the middle track of the Bollinger Bands before recovering. However, there has been a lot of uncertainty in the fundamentals recently, and there is a high probability of technical support for the lower range to fluctuate and fall off the track. Therefore, in the short term, one can choose to wait and see, break through the light position of the middle track of the Bollinger Bands, and pursue short positions. The risk is controlled by fixed stop loss, and the trend line below is closed to profit.

EFS  Analyst: Chen Yunbo