KTA Academy Emily

17/06/2021

16/06/2021

In the European market on Wednesday, the US dollar fluctuated slightly, but compared with the one-month intraday high hit yesterday, the market waited for the Federal Reserve's monetary policy decision to be announced later today.
This year's target is 3.75%, with a margin of error of 1.5 percentage points in both directions; next year's target is 3.50%.

Last week's data showed that the monthly inflation rate in May was the highest level in 25 years, and the annual rate exceeded 8% for the first time since 2016.

16/06/2021

On Wednesday (June 16), the Shanghai Gold Exchange gold T+D closed up 0.06% to 380.75 yuan/g; it closed up 0.07% to 5617 yuan/kg. The price of gold basically remained within a narrow range, mainly because before the Fed's decision, market investors did not dare to act rashly and were waiting for the result of the Fed's decision to guide the market's future trends.
63% of the respondents expect the signal to be issued in August or September, 38% of the respondents expect the signal to be issued at the Jackson Hole Annual Summit in August, and 25% of the respondents expect the signal to be issued in September Issued at the FOMC meeting

09/06/2021

Gold is often touted as a way to hedge against inflation, but it has not actually reached such a level. According to historical data, gold's performance in combating inflation has been mixed. In some of the most recent periods of inflation in the United States, gold has even brought negative returns to investors.

07/06/2021

Dollar index dollar index
90.15+0.02 (+0.02%)
15:59:00-delayed data
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Technical summary

5 minutes: strong sell
Hourly: Strong buy
Daily: Neutral
Monthly: Strong sell
What is your view on the US dollar index?
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This week it rose slightly by 0.09%. The strong employment of "small non-agricultural" once made the market optimistic about the dollar's turnaround. However, the non-agricultural data on Friday (June 4) once again fell short of expectations and the market bulls left in despair. The basket hits the water. Non-US currencies generally did not rise much. European currencies fell collectively. The euro fell by 0.21% and the British pound fell by 0.23%. The yen bucked the trend and rose 0.3%. Commodity currencies rose and fell mixed. The New Zealand dollar fell 0.5%, the Canadian dollar fell 0.08%, and once hit a six-year high, and the Australian dollar rose 0.35%.
U.S. May non-agricultural disappointment, the US dollar rose slightly on a weekly basis

U.S. non-agricultural employment increased by 559,000 in May, which was significantly higher than the previous value of 262,000 in April, but still slightly less than the 650,000 predicted by the market. At the same time, data showed that the unemployment rate dropped to 5.8% unexpectedly. The participation rate dropped further.

07/06/2021

On Monday (June 7), international gold prices weakened again, helped by the stability of the US dollar index. However, the previous May employment report released by the United States was weaker than expected, limiting the downside of gold prices. Technically, the price of gold is still bullish, and the market outlook looks at $1955.

At 13:51 Beijing time, spot gold fell 0.34% to US$1,85.17 per ounce; the main COMEX gold contract fell 0.22% to US$1,887.9 per ounce; the US dollar index rose by 0.03% to 90.170.

In May, non-agricultural jobs in the United States increased by 559,000, which was lower than analysts' estimates. However, US employers raised wages in May in an effort to attract employees.

US Secretary of Energy Granholm told CNN on Sunday (June 6) that the Democrats will begin preparing an infrastructure bill for voting in the House of Representatives on Wednesday (June 9), regardless of whether there is Republican support.

According to Bloomberg News, U.S. Treasury Secretary Yellen stated that President Biden’s $4 trillion spending plan is a good thing for the United States, even if it drives up inflation and causes interest rates to rise.

On the daily line, the downward (4) wave of spot gold found support near $1855, and the upward (5) wave started. This price is the 38.2% Fibonacci retracement level of the (3) wave (1756-1917 US dollars). (5) Look at $1955 for the target of the wave. Waves (3), (4) and (5) are all sub-waves of the upward ((3)) wave that started from $1723.

31/05/2021

In the past week, spot gold oscillated and surged, hitting a peak of US$1912.76 per ounce, a new high since January 11, and closing at US$1,903.77 per ounce, a weekly increase of about 1.2%, which is the fourth consecutive week of gains. On the one hand, before The Federal Reserve has strengthened its policy of maintaining low interest rates, and the relative weakness of the U.S. dollar has provided gold prices with upward momentum. On the other hand, the surge in inflation data in the United States has also enhanced the attractiveness of gold. Although the market is still concerned that the Fed may reduce its debt purchases in advance, most analysts and retail investors still prefer a bullish outlook.

31/05/2021

The U.S. dollar index rose and fell back, reaching 0.5% at one time. It was mainly boosted by the surge in the US PCE price index, but Biden's 6 trillion budget plan poured cold water on the U.S. dollar. From a technical point of view, although the MACD took the lead to form a golden cross, the US dollar index is under heavy pressure. In the short term, the US dollar index is still easy to fall and difficult to rise.
The US dollar index first needs to stand on the downtrend line since the end of March, and then continue to break upward at 90.28 where the 20-day moving average is located and the 23.6% retracement of the 89.53-93.43 range at 90.45.
The initial support below looks at 89.94 where the 10-day moving average is located, and further attention is paid to the low of 89.68 on February 25 and the low of 89.53 on May 25.

06/05/2021

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29/04/2021

1, the price broke through the previous multiple suppression levels, of course, itself in the rise, the resistance level tested too many times, the probability of breaking is very high.

　　2, the hourly line continuous positive, which indicates that the continuation appeared.

　　3, the position of the continuation of the rise in the 1780 line, which is the key watershed today.

　　And the morning rise, poor continuity, and also easy to second back.

　　The lower concern 1780-81 a line, the day touched more, loss 1773, the target 1789-91 a line.

　　And for shorting, the above can also consider the position of the double top.

　　Crude oil rose in the U.S. yesterday, the early morning correction, the morning secondary power, which needs to be noted, crude oil is still running strong.

　　Intraday support at 63.80-90 a line, touch can more, loss 63.3, see 64.60-80.

29/04/2021

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29/04/2021

In his first joint session address to Congress, President Biden unveiled a massive family and education plan. He also called the new spending and tax credit package a once-in-a-generation investment that is critical to the future of the United States. Combined with the previously announced infrastructure and jobs programs, spending totals about $4 trillion, comparable to the size of the annual federal budget.

Spot palladium regained strength after one session, approaching the record high of $2,962.50 per ounce set on Tuesday (April 27).

In a research note, Capitol Macro wrote: "Investment demand for palladium is minimal and we expect palladium to benefit more from the rebound in demand for vehicle catalysts than platinum, which is mainly used in gasoline vehicles."

The report added that coupled with supply disruptions at two Russian mines, the palladium supply gap is expected to widen this year and palladium prices may eventually rise to $3,000 per ounce.