MHMarkets：MHM European Market

Market Overview   

On Monday, March 27th, at the beginning of the Asian market, US oil was trading near $69.68 per barrel; Oil prices closed lower on Friday as European bank stocks fell and US Energy Secretary Glenholm said it could take several years to replenish the country's Strategic Petroleum Reserve (SPR), which dampened demand prospects; However, as Russia nears the target of crude oil production reduction and the confrontation between Russia and the West escalates, oil prices are expected to start a volatile upward trend above $70 per barrel this week due to multiple factors.

The gold market retreated on Friday as better-than-expected US economic data and hawkish comments by St. Louis Fed Chairman Brad weighed on gold prices. However, analysts believe that the bullish trend in gold prices will not reverse soon.

The euro and sterling fell sharply against the strengthening dollar last Friday as lingering nervousness over banks persisted. European banking stocks fell sharply, with banking giants Deutsche Bank and UBS Group plummeting on concerns that the industry's worst problems since the 2008 financial crisis had not been contained. Joseph Trevisani, a senior analyst at FXTreet.com, said that the market will closely monitor the PCE price index in February released by the United States on March 31 to see how this data will affect the Federal Reserve's next interest rate decision.

The sudden collapse of SVB has caused a shock wave in the entire financial sector, which is the largest bank failure event since the 2008 financial crisis. As the only listed bank focused on Silicon Valley and startups in 40 years, the rapid collapse of this bank has particularly unnerved the venture capital industry and put the climate of technology startups in crisis.

In response to a question about whether the recent turmoil in the banking industry will bring the United States closer to recession, Minneapolis Fed Chairman Kashkari said, “It definitely brings us closer now.” He also said it is too early to predict the next FOMC meeting.

The Mohicans Markets strategy is for reference only and is not intended as investment advice. Please carefully read the statement terms at the end of the article. The following strategy was updated at 15:00 Beijing time on March 27, 2023.

Intraday Oscillation Range: 1951-1978-1985-1998-2007-2016

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016

In the subsequent period of spot gold, 1951-1978-1985-1998-2007-2016 can be operated as the bull and bear range; 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 March 27. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 21.5-22.3-23.1-23.9

Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver,21.5-22.3-23.1-23.9 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on March 27. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 65.8-66.9-67.3-68.9-70.1-71.2-72.3

Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3

In the subsequent period of US crude oil, 65.8-66.9-67.3-68.9-70.1-71.2-72.3 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on March 27. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303

In the subsequent period of EURUSD, 1.0570-1.0690-1.0755-1.0830-1.0950 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on March 27. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2030-1.2135-1.2250-1.2375-1.2400

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.2030-1.2135-1.2250-1.2375-1.2400 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on March 27. This policy is a daytime policy. Please pay attention to the policy release time.