Ultima MarketsMarket Review and Outlook: The minutes of the meetings of the two major central banks have been released,...

Last week's review

Last week, Federal Reserve Chairman Powell emphasized in his latest speech that there is no rush to cut interest rates and pointed out the potential risks that a rate cut may bring. Geopolitics remain tense, and ceasefire negotiations between Israel and Hamas are deadlocked.Safe haven productsgoldPrices continue to rise, touching2236dollar/The historical high price of.3The cumulative monthly increase exceeds9%, for2020year7Best monthly performance since the beginning of the month. Another safe haven currency, the Japanese yen, has remained weak, with the US dollar approaching the Japanese yen exchange rate152Gateway. This week, the market will focus on whether the Japanese authorities will take substantial intervention measures.

Market outlook

This week, several Federal Reserve officials, including Powell, will give speeches, and the market will closely monitor their views on the economic outlook and monetary policy.In terms of economic data, the United States3The monthly non farm employment population and unemployment rate data will be the focus of market attention. OPEC+A meeting will be held next week, and it is expected to maintain the existing production reduction policy. The Hong Kong Stock Exchange and major European exchanges were closed on Monday due to the Easter holiday. During holidays when liquidity may be low, investors need to remain vigilant.

3Monthly Meeting Minutes

This week, the Federal Reserve of Australia and the European Central Bank will successively announce3Minutes of the monthly monetary policy meeting. The former is in3At the monthly meeting, they remained silent for the third consecutive time and abandoned their tendency towards austerity. The latter, on the other hand, is increasingly supported by European Central Bank decision-makers as inflation continues to cool down6Interest rates will be lowered at the monthly meeting. The minutes of both meetings will allow investors to further understand the officials' views on the short-term interest rate path.

crude oilMajor events

This week, the Ministerial Supervisory Committee of OPEC and non OPEC oil producing countries will hold a meeting, and it is expected to maintain the existing production reduction policy and daily production reduction200The policy of over ten thousand barrels6At the end of the month. Against the backdrop of the global interest rate reduction cycle, the market focus will be on the compliance of member countries with production reduction commitments, as well as the views of the meeting on future global crude oil demand.

Heavyweight employment data

The United States will be announced on Friday3The monthly non farm employment population and unemployment rate data will be important indicators for evaluating the state of the US labor market. The US job market is2The month has significantly cooled down, with the unemployment rate rising at that time3.9%The year-on-year growth rate of wages has slowed down to4.3%。 If3If the monthly non farm employment data is stronger than expected and there has been no significant correction in previous data, then the recent weakness of the US dollar may come to an end.

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.