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Trading Analysis
Oil prices may remain oscillating in the short term, but the general bullish view of crude oil remains unchanged.
King Ten
It is recommended to maintain to build positions at lows this year.
King Ten
The EUR/USD currency pair is gaining momentum and steadily approaching the high reached last week, nearing the 1.0800 mark.
Warren Takunda
Iran and the U.S. are close to reaching an interim deal to ease some sanctions on Iran in exchange for a reduction in Iran's uranium enrichment activities, two sources said.
Eva Chen
Gold prices found support around the $1,939 range. The primary bearish trend in the 4-hour chart is starting to reverse. The consolidation phase of the past few trading days may be overturned once the bulls take hold.
Eva Chen
USDJPY edged lower on Thursday, keeping negative momentum below the psychological mark of 140.00 after failing to break the 141.00 level several times over the past week. The overall outlook remains bullish but is weakening as the Relative Strength Index (RSI) momentum is approaching the border of negative territory and the stochastic oscillator is moving down.
Eva Chen
The Bank of Canada unexpectedly raised the overnight rate by 25 basis points to 4.75% and indicated its commitment to continue implementing quantitative tightening (QT) to support the Canadian dollar.
Eva Chen
EURUSD is currently trying to find support. Although the uptrend has been broken, it is expected to recover.
King Ten
CNH faces short-term depreciation pressure based on fundamentals but will not decline significantly.
King Ten
Gold prices may be under pressure in the short term, and buying opportunities are coming.
King Ten
Australian Negative news on GDP leads the market.
Saif
WTI crude oil prices remained depressed in the range, and remained under pressure for the second consecutive day. API crude oil inventory unexpectedly decreased, and the market focused on the EIA inventory report to clarify the direction.
Eva Chen
Data released last week showed that the core inflation rate in the UK unexpectedly accelerated to 6.8% in April, prompting the market to raise expectations for the Bank of England to raise interest rates.
Eva Chen
The AUDUSD rose to a three-week high on Wednesday. Earlier, the Reserve Bank of Australia unexpectedly raised interest rates by 25 basis points to 4.1%, the highest level in 11 years, and said that further interest rate hikes may be needed to push inflation to the target.
Eva Chen
The market enters a vacuum period, waiting for next week's Fed meeting and CPI data.
King Ten
In the absence of guidance signals, bulls are cautious and wait patiently for inflation data and Fed meetings.
King Ten
Australian interest rate decisions lead the market .
Saif
After the end of the previous week's surge, U.S. stocks were relatively flat in Monday's trading. Major stock indexes fell slightly after fluctuating back and forth near the opening level of the day.
Eva Chen
The market is changing, so we should meet change with constancy. The price of gold was forced to rise by the bottom of US$1,940 yesterday and did not retreat. Under this circumstance, it is undoubtedly "stupid" to wait for the price to retreat today. If our Wave 5 downward structure is proven to be correct, then the previous Wave 3 must be adjusted, which means that Wave 4 must move up; Then the conclusion is that bulls have no choice but to be forced to pull up.
Eva Chen
After the OPEC+ production cut agreement was reached, the bulls left the market and prices are looking for support below again.
King Ten