03/29 Market report

【Dow Jones】

This week's economic data is quite large and it includes the US non-farm employment data and PCE inflation index. If the data is not good, it may further strengthen the possibility of the Fed's positive interest rate hike. The probability of a 50-point interest rate hike in May could be higher and that will have a certain impact on the market.

From the perspective of the daily technical line of the Dow Jones Index, the current Alligator shows a gold cross and the KD also shows a gold cross. This indicates that the strength of the Dow Index at this stage is still relatively strong. There are some important economic data released this week and before the release of important information, the trading volume is relatively low. The market is currently not suitable for chasing orders.

USA30-D1

Resistance point 1: 35200 / Resistance point 2: 35800 / Resistance point 3: 36200

Support point 1: 34200 / support point 2: 33500 / support point 3: 33200

【Japanese Yen】

The Bank of Japan announced on Monday that it would buy new 10-year bonds at a fixed yield of 0.25 percent. This is the second time that the Bank of Japan has implemented a similar model this year. The Bank of Japan believes that a sustained easing plan is the most suitable policy for Japan at this stage.

Japan's relaxation policy has caused the market to fall through the glasses. The daily technical line shows an Alligator gold cross. It shows that the long-term trend of USDJPY is still very obvious. KD has begun to gradually change from a high-end polished area to a death cross. Investors are recommended to wait for the pullback to trade smoothly.

USDJPY-D1

Resistance point 1: 124.800 / Resistance point 2: 125.500 / Resistance point 3: 126.200

Support point 1: 122.500 / support point 2: 121.500 / support point 3: 120.800

【Gold】

A few days ago, European and American countries issued a decree prohibiting Russia from selling gold reserves and Russia began a new wave of counterattack - buying gold at a fixed price of 5,000 rubles per gram (about $52). This price is lower than 20% of the current market price of gold.

Russia's central bank said that a fixed price can make the supply and extraction of gold more stable, and the price could be determined according to the supply and demand of the market after a while.

Gold's daily chart shows a low Alligator gold cross as the bulls only lead a little. The KD indicator is now a death cross, indicating that gold will have the opportunity to make some corrections next. Investors are advised to wait for the new breakthrough direction.

XAUUSD-D1

Resistance point 1: 1950.00 / Resistance point 2: 1980.00 / Resistance point 3: 2000.00

Support point 1: .1920.00 / support point 2: 1910.00 / support point 3: 1900.00

【Crude Oil】

China's COVID-19 pandemic has risen again, and it has once again reached the point of lockdown. Shanghai announced a phased lockdown in an attempt to suppress a sudden outbreak and this has reduced the demand for oil to a large amount. in addition, the Yemen Houthi rebel group announced that it would temporarily stop their attacks on the Arabs. This has also put oil prices under the pressure of correction.

From the daily chart of crude oil, you can see that the Alligator shows a gold crossover. The KD shows a death cross. These 2 directions indicates that the bulls and bears are currently divided. Investors should wait for the price to come to a relatively low for a clearer breakthrough in direction.

USOIL-D1

Resistance point 1: 109.800 / Resistance point 2: 111.500 / Resistance point 3: 113.200

Support point 1: 104.800 / support point 2: 102.500 / support point 3: 100.800

OnePro Special Analyst

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