Mohicans markets：MHM European Market

Market Overview

On Tuesday, January 10, the international gold price remained stable. Before the Fed Chairman Powell delivered a speech, investors were cautious, and they would learn about the track of the Fed's interest rate increase. The gold price is 1890 dollars in the short term.

Investors focused on Powell's speech at the meeting held by the Swedish Central Bank later that day. Market participants will also focus on the US consumer price index (CPI) released on Thursday (January 12) to find more clues about the Fed's policy stance.

Yeap Jun Rong, strategist at IG Market, said: “If the Fed Chairman Powell's speech later today presents a hawkish tone, it may lead to some profit-taking in gold. However, the market is paying attention to the unexpected decline of the US CPI to support the less rigid expectation of interest rate increase, which may translate into an upward trend in the gold price. ”

US crude oil fell slightly in shock and is currently trading at US $74.50/barrel. Although China has relaxed its anti-epidemic policy and raised the expectation of crude oil demand for a time, and the weakening of the US dollar has also provided support for the oil price, the hawkish speech of the Federal Reserve officials made the market worried that the further increase of interest rates in the United States, the world's largest oil consumer, would slow economic growth and limit fuel demand. The global stock market is generally restrained, and the oil price is facing certain downside risks in the short term.

This trading day needs to focus on the speech of Federal Reserve Chairman Powell and the performance of European and American stock markets, as well as the EIA monthly report and API crude oil inventory series data. At present, the market expects that the US crude oil inventory may fall by 2.4 million barrels.

The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on January 10, 2023.

Intraday Oscillation Range: 1833-1856-1873-1890

Overall Large Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1890-1911

Spot gold in the subsequent period, 1833-1856-1873-1890 can be operated as an intraday range of 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 January 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.1-23.9-24.5-25.3

Overall Large Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

Spot silver in the subsequent period, 23.1-23.9-24.5-25.3 can be operated as an intraday range of 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 January 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 72.3-73.1-73.8-75.1-77.3

Overall Large Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5

Crude Oil in the subsequent period, 72.3-73.1-73.8-75.1-77.3 can be operated as an intraday range of 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 January 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755

Overall Large Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0910

EURUSD in the subsequent period, 1.0570-1.0690-1.0755

can be operated as an intraday range of 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 January 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250

Overall Large Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470

GBPUSD in the subsequent period, 1.1920-1.2030-1.2135-1.2250 can be operated as an intraday range of 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 January 10. This policy is a daytime policy. Please pay attention to the policy release time.