MHMarkets ：MHM European Market

Market Overview 

In the early morning trading of the Asian market on April 12th, Beijing time, the US dollar index fell slightly and is currently trading around 102.14. The US dollar fell on Tuesday as investors waited for inflation data to further understand whether price pressures were abating and what this meant for further interest rate hikes by the Federal Reserve.

Consumer price data on Wednesday is expected to show an overall inflation rate increase of 0.2% in March, while the core inflation rate increased by 0.4%.

Edward Moya, senior market analyst at OANDA in New York, said, Many traders are paying attention to this inflation data. Everyone is trying to understand whether the process of disinflation has resumed, and whether this will make the Fed's work more complex.

The Federal Reserve is considered likely to raise interest rates by another 25 basis points at its meeting on May 2-3, and then suspend the rate hike in June. Although Federal Reserve officials emphasize the need to maintain high interest rates to reduce inflation, the market is also pricing the Federal Reserve's interest rate cuts before the end of the year due to expected economic recession.

The strong employment data in March increased expectations that the Federal Reserve would raise interest rates again. Friday's data showed that employers added 236000 jobs, while the unemployment rate dropped to 3.5%.

New York Fed Chairman Williams stated on Tuesday that the prospect of the Fed only raising its benchmark interest rate once again, with a growth rate of 25 basis points, is a useful starting point, but the Fed's policy path will depend on the released data. Chicago Fed Chairman Gullsby stated that in the face of recent banking pressure, the Federal Reserve should be cautious about raising interest rates. He pointed out that a decline in bank loans will help quell inflation and reduce the work required for monetary policy.

In addition, a report by the New York Federal Reserve on Tuesday stated that the Fed will continue to be on the track to reduce its large holdings of cash and bonds in the coming years, and may face negative net income for several years.

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 text. The following strategy update was made on April 12, 2023 at 15:00 Beijing time.

Intraday Oscillation Range: 1985-1998-2007-2016-2033-2046

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016-2033-2046-2057

In the subsequent period of spot gold, 1985-1998-2007-2016-2033-2046 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 April 12. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.9-24.5-25.3-26.1

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, 23.9-24.5-25.3-26.1 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 April 12. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 77.9-78.5-79.9-80.7-82.3-83.5

Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1

In the subsequent period of spot silver, 77.9-78.5-79.9-80.7-82.3-83.5 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 April 12. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950-1.1157

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, 1.0690-1.0755-1.0830-1.0950-1.1157 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 April 12. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.2250-1.2375-1.2400-1.2470-1.2550

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550-1.27000

In the subsequent period of GBPUSD, 1.2250-1.2375-1.2400-1.2470-1.2550 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 April 12. This policy is a daytime policy. Please pay attention to the policy release time.