Translated into English: Trump stirs up another Twitter storm, the US dollar plummets, can gold continue to rise1300？

Trump stirs up another Twitter storm! USD Creation13Month low


US President Trump on Tuesday（7month25In the early hours of Eastern Time, Twitter caused another stir, accusing the Department of Justice of investigating the "Russia Gate" and firing shots at Attorney General Sessions, questioning why he did not investigate Trump's opponent in the presidential election, Democratic candidate Hillary Clinton, and claiming that Ukraine was involved in undermining the US election without evidence to support it.

Faced with escalating accusations of Russia, Trump's strategy seems to be "whoever scolds me, I'll scold Hillary.".

The technical side of the US dollar remains bearish


Reuters reported in today's issue that the US dollar index has been moving downwards from its low for four consecutive days, with a bearish trend. The article states that the US dollar index rose yesterday0.1%Continuing to rise slightly later, due to the rise in US bond yields; However, the kinetic energy shows a slight downward trend,5Day10Day20Both daily and weekly moving averages are facing downwards.
The article also points out that the next support level is2016year6Monthly low93.01, followed by200Weekly moving average92.27; To be collected in10Daily moving average94.56Only above can we disrupt the biased pattern.

Director of Investment Strategy and Research at Credit Suisse Private Bank and Senior Asia Pacificforeign exchangeAnalyst Wang Junhao believes that in the past month, the US dollar has experienced a ruthless sell-off due to the market being forced to lift expectations of the Trump market's re inflation trading; A slight stability in the short term will be something that everyone is happy to see; After the US Treasury yield rose on Tuesday, the US dollar may find some support.



noble metal


The international gold price continued to decline slightly on Wednesday, just before the Federal Reserve's interest rate decision was announced, with the lowest intraday drop in the US market reaching1243.41dollar/In ounces, the US dollar rebounded slightly from a multi month low.COMEX 8monthgoldfuturesClosing down2.70USD, decline0.2%Report1249.40dollar/Ounces, marking the third consecutive trading day of decline;9Monthly silver prices decline8.3Cents, closing at per ounce16.459USD, with a decline of0.5%. But the US dollar indexFOMCDiving and refreshing after the resolution statement2016year6month23Since the low point of the day93.39, driving the rapid rebound of gold prices in electronic trading. International spot gold closed on Wednesday1260.70dollar/Ounces, up12.15USD, increase0.97%。

The Federal Reserve announced early Thursday morning7monthFOMCMeeting statement to maintain the federal funds rate at1%-1.25%The range remains unchanged and meets market expectations. On the one hand, the Federal Reserve acknowledges weak inflation, and on the other hand, suggests that it will soon begin to shrink its balance sheet. After the announcement of the interest rate decision, the Federal Reserve9Monthly interest rate increase25Bps to1.25%-1.5%The probability of the interval is8.2%，12The probability of monthly interest rate hikes reaching this range is45.1%Before the announcement of the resolution8.2%and42.9%. However, despite the probability of a rate hike rebounding, the US dollar has shown a "waterfall like decline". Spot gold took the opportunity to rebound, reaching a maximum of1263.39dollar/Ounces, breaking a six week high. Spot silver also rose1.5%to16.67dollar/Ounces, refresh6month30A new high has been reached recently.


Gold, more than half a week, guard ahead1260Short selling has already made a profit. In the early hours of the morning, the Federal Reserve's interest rate decision clarified the time to shrink the balance sheet and expressed concerns about inflation. The US dollar plummeted, gold surged, and now the daily bullish trend is rising, breaking through the early week once again1258-59And also broke through the high point of1260The resistance band should depend on whether one can stand on it1260Only after standing up can one have the ability to challenge new heights. What I mean by new heights should be1280This is the high point of the previous Federal Reserve interest rate hike, when the market surged and fell back. The prices in the Asian session are now1260Above, temporarily do not pursue more, in principle1255Go long on top because the last wave of pull up in small cycles starts from1255Get up, more radical might be possible1258-60Regional long position, here I give a relatively neutral long position for your reference1259Multiple, stop loss settings1255Below, look1266-68Regional, short-term operations, it's not that the rise after a big rise is different. In fact, it's still the same at the end of the week. After the rise, it's just a oscillation. It just rose early this morning, so there must be some room for bulls; Intraday trend, gold1259Multiple, stop loss1254, Objective1266-68!


Today's Key Financial Data and Events


1、 14:00 Germany8monthGfkConsumer confidence index
2、 18:00 britain7monthCBIRetail sales difference
3、 20:30 From the United States to7month22Number of initial claims for unemployment benefits in the current week, United States6Monthly rate of durable goods orders
4、 22:30 From the United States to7month21Day and WeekEIANatural gas inventory

writing//Translated by Panshi Family.OL0080