Fei Yifei: Interest rate hike storm is on the rise, precious metals are falling synchronously

　　
　　
　　8month29Day Monday
　　
The London Stock Exchange is closed for one summer banking day
　　
　　20:30U.S.A7Monthly personal expenditure rate
　　
　　20:30U.S.A7Monthly CorePCEMonthly rate of price index
　　
　　20:30U.S.A7Monthly CorePCEAnnual rate of price index
　　
　　22:30U.S.A8Dallas Fed Business Activity Index for the Month
　　
Before the market trend of last week came out, I predicted in my weekly review article last weekend that the market would first decline and then rise. Although the latter rise was only reflected on Friday, it finally smoothed out the decline of the previous four days. However, it still charged a negative line, and it is worth mentioning the market trends on Wednesday and Friday; Wednesday(8month24day)In the European market, due to market expectations that Federal Reserve Chairman Yellen will deliver a hawkish speech at the Jackson Hole annual meeting, two large sales orders led togoldStep by step under pressure. Price drop below50The daily moving average has refreshed its low point in the past month to1326.72element/Ounces. Following closely is a sharp drop in silver, whilecrude oilThe price has also plummeted by more than2%The precious metal market and commodity market have experienced a synchronous decline.
　　
Friday US market22:00Federal Reserve Chairman Yellen said:; Monetary policy is not on a predetermined path. The economic situation is approaching the Federal Reserve's employment and inflation targets. The reason for raising interest rates has been strengthened in recent monthsFOMCIt is expected that the inflation rate will rise in the coming years2%. After Yellen's speech, spot gold and silver prices fell in the short term, causing gold to plummet10US dollars and silver have reduced their gains; Non US currency exchange rates experienced a short-term sharp decline. Subsequently, Yellen stated that a gradual interest rate hike path is appropriate. Federal Reserve Chairman Yellen said the possibility of interest rate hikes in the coming months is increasing9Reserve option for monthly interest rate hikes, Federal Reserve9The decision on whether to raise interest rates on a monthly basis seems to depend on9month2Does the daily non-agricultural report indicate a stable development of the employment market. Yellen's speech this time is9The month's meeting left a possibility for a rate hike, but Yellen did not explicitly mention whether the central bank believes that economic indicators in the coming weeks may disappoint. The market has undergone a stunning reversal! Gold rose more than1%Silver has risen by more than2%The decline was wiped out by the use of US oilcloth oil, and the exchange rate of non US currencies surged significantly. Verified what I said on Friday, the heavily hit gold price, Yellen, refused to replenish cutting materials and experienced a beautiful rebound!
　　
Although the fluctuation span is relatively larger compared to the previous two weeks in the current week, from the weekly chart, there is still no trend of consolidation5The lowest point of the last week of the month1198Starting at point7Arrived after Lianyang1374dollar/At a high level of ounces, the future market will move forward in a state of yang and yin.
　　
Suggestions for spot gold operation
　　
　　1Below1315-17Long, stop loss4Points, target1325-27frontline
　　
　　2Above1327-30Short selling, stop loss4Points, target1320-17
　　
Crude oil on WednesdayEIAAfter being bearish, there was a slight pullback yesterday, but the closing was still ongoing47.3Above, indicating46Strong frontline support. In the short term, the daily chart falls below5.10The daily moving average supports the trend, although there was no sustained decline overnight, it is expected that the short-term trend will mainly focus on weak supply and good volatility, and there is little possibility of a direct strengthening. On the daily chart, it falls below5、10Daily moving average support. From a daily perspective,5The daily moving average has clearly turned around, and the red energy bar is slowly increasing in volume,KDJRunning in the oversold area:4From the hourly chart, the moving average system shows a flattening state, and the Bollinger Bands begin to close,MACDThere is a trend of adhesion, and the blue energy column begins to shrink. In the short term,EIAThe data impact has basically stopped here, and the focus is still on the following areas46.50Frontline support, in the short term, the author Fei Yifei suggests that everyone should focus more on pullbacks.
　　
Suggestions for US crude oil operations:
　　
　　1、47.3-47.5Short nearby, stop loss47.70, Objective46.0nearby
　　
　　2、45.8-46.0Long nearby, stop loss45.4, Objective46.6nearby
　　
Ninggui Asphalt Operation Suggestions
　　
　　1、4560-4580Short nearby, stop loss30Point, target4500Below
　　
　　2、4460-4480Long nearby, stop loss30Point, target4530-4550nearby
　　
Focus on data and events:
　　
Disclaimer: The above article was written by analyst Fei Yifei, and some news and information content is excerpted from online resources. The content of the article is for reference only and does not constitute investment advice. There are risks involved in investment, and investors will operate accordingly at their own risk. Please indicate the source when reprinting