Market Overview
At the beginning of the Asian market on Friday (December 30), the US dollar fluctuated in a narrow range and is currently trading near 104.01.The US dollar index fell 0.5% on Thursday. Investors were nervous at the end of the year. The initial optimism about the reopening of Asian powers gradually faded. The market digested the US jobless claims data. Data shows that the number of Americans who continuousto claim their unemployment benefits last week reached a new high since earlyJanuary.
US oil traded at 78.60 USD/barrel; Oil prices fell for the second consecutive trading day on Thursday, due to uncertain demand prospects. The unexpected increase in US crude oil inventories last week also weighed on oil prices. Matt Smith, chief oil analyst of Kpler, said: “Crude oil stumbled towards the end of the year in the sparse trading. The report of the US Energy Information Administration (EIA) is good, and nothing can stimulate the long or short positions of crude oil.”
The spot gold is in a volatile position. At present, it is trading near 1818 dollars/ounce. The overnight decline in the U.S. dollar and U.S. bond yields provides support for the gold price. On the one hand, the market still hopes that the Federal Reserve will slow down the pace of interest rate increase; on the other hand, the geopolitical situation in Russia and Ukraine is still tense, and the gold market is still slightly volatile and upward.However, the K line shows that the upward momentum is not very strong, so we still need to be wary of the possibility of falling from the high.
This trading day needs to pay close attention to the performance of the US bond yield. Although the US bond yield weakened on Thursday, there is still a further opportunity to go higher. If the US bond yield goes up, it may suppress the gold price in the short term.
On this trading day, we will pay attention to the news about the Chicago PMI and the Asian epidemic in December, focusing on the closing of the last trading day.
Mohicans Markets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on December 30, 2022 Beijing time.
Intraday Oscillation Range: 1780-1801-1817-1833
Overall Large OscillationRange: 1730-1756-1780-1801-1817-1833-1856
Spot goldin the subsequent period, 1780-1803-1817-1833can be operated asan intradayrangeof bullish and bearish;high throw low suction in the range, chase up and kill downoutside the range!
Note: The above strategy was updated at 15:00 on December30. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range:22.3-23.1-23.9-24.5
Overall Large OscillationRange: 20.6-21.5-22.3-23.1-23.9-24.5-25.3
Spotsilverin the subsequent period,22.3-23.1-23.9-24.5can be operated asanintradayrangeof bullish and bearish;high throw low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on December30. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range:75.1-77.3-78.5-79.9-81.3
Overall Large OscillationRange:70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5
U.S.crudeoil in the subsequent period,75.1-77.3-78.5-79.9-81.3can be operated asarangeof bullish and bearish;high throw low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on December30. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range:1.0470-1.0580-1.0645
Overall Large OscillationRange:1.0290-1.0360-1.0470-1.0580-1.0645-1.0755
EURUSDin the subsequent period,1.0470-1.0580-1.0645can be operated asanintradayrangeof bullish and bearish;high throw low suction in the range, chase up and kill down outside the range!
Note: The above strategy was updated at 15:00 on December30. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range:1.1830-1.1920-1.2030-1.2135
Overall Large OscillationRange:1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470
GBPUSDin the subsequent period,1.1920-1.2085-1.2250-1.2400
1.1920-1.2085-1.2250-1.2400can be operated asan intradayrangeof bullish and bearish;high throw low suction in the range, chase up and kill downoutside the range!
Note: The above strategy was updated at 15:00 on December30. This policy is a daytime policy. Please pay attention to the policy release time.
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