ATFXEarly review0702Euro and gold await tonight's big non agricultural data,OPEC+Conference push...

1Latest information:
Federal Reserve        International Monetary Fund（IMF）1Japan stated that given that the US inflation rate will continue to be higher than the Federal Reserve in the coming years2%The goal of the Federal Reserve may be to2022At the end of the year or2023Interest rates have been raised since the beginning of the year.
European Central Bank        European Central Bank President Christine Lagarde said Thursday that the euro zone economy is likely to avoid the most pessimistic scenario envisaged when the COVID-19 broke out, but still faces the risk of virus mutation.
OPEC/Middle East        The OPEC representative stated that,OPEC+The plenary meeting will be postponed until Friday as the agreement is still difficult to reach. Because the United Arab Emirates opposed the initial agreement to increase production at the last minute.

2International questions:
Russia        Russian Foreign Ministry spokesperson Zaharova stated that the actions of the Dutch frigate "Everson" in the Black Sea were deliberate provocations.
U.S.A        The global minimum tax rate proposed by the United States has received widespread support, and countries are tightening legislation to ensure that companies headquartered in their countries pay taxes in each country where they operate15%The minimum tax rate for.
China        The World Bank recently stated that as economic activity continues to normalize, the scope of China's recovery has expanded. It is expected that China's economic growth will reach8.5%。
Europe        According to data released on the UK government website, in the past24New confirmed cases of COVID-19 in the UK within hours27989For example, it has increased by nearly2000For example, refreshing again1month29It has reached a new high since the beginning of the day and has rebounded for more than four consecutive days20000Example:; New related deaths22Example.

3Short term rise and fall direction and target level:
Variety（H4）        Trend direction        Target bit
EURUSD        Waiting for non agriculture        1.1846
XAUUSD        Waiting for non agriculture        1750
WTI        rise        ---



EURUSD

chart1，EURUSD 07month02day H4level
Technical indicators
MA5-MA10        RSI
-0.0008        33
short position        short position

Comprehensive judgment:
Short term technical side: The bearish trend remains unchanged, with short-term support level1.1846The market price is operating near the support level, and it is expected that the market will fluctuate moderately before the announcement of the major non agricultural sector. The probability of a large non agricultural bullish US dollar bearish euro is high, and it is expected to experience a downward breakthrough in the evening.
Long term macro perspective: United StatesCPIup to5%Expectations of interest rate hikes are heating up,EURUSDIn the long run, it will decline.


XAUUSD

chart2，XAUUSD 07month02day H4level
Technical indicators
MA5-MA10        RSI
2.24        63
long position        long position

Comprehensive judgment:
Short term technical aspect: The trend is bearish and currently in a period of volatile rebound. The evening non agricultural data will determine the future direction, tonightgoldLower rupture1750The probability is high.
Macro level: Expectations for interest rate hikes have increased, risk aversion has subsided, gold is under pressure, and the long term is bearish.


USOIL

chart3，USOIL 2021year7Monthly contract,07month02day  H4cycle
Technical indicators
MA5-MA10        RSI
0.4        70
long position        long position

Comprehensive judgment:OPEC+The meeting has been postponed because the United Arab Emirates opposes the production increase plan. The market expects that it will be difficult to increase production,crude oilReceived a boost and broke through yesterday74.1Resistance level, currently operating within the upward channel, will continue to be bullish in the future.

EIAInventory (previous period)        EIAInventory (latest)
417210000 barrels        402610000 barrels
Inventory has significantly decreased, benefiting crude oil.

Disclaimer:
1The above analysis only represents the analyst's perspective. There are risks in the foreign exchange market and investment needs to be cautious.
2、ATFXWe will not be responsible for any profit or loss that may arise from the direct or indirect use or reliance on this information.