MHMarkets：The US dollar started to weaken, non US currency and precious metals stopped falling, and US crude oil dropped from high!
Abstract：On Tuesday (September 5), the Fed Governor Waller said, in view of the recent data show that inflation continues to slow, policymakers have room to burden "cautiously advance" interest rate hike action. Waller's speech made gold prices dropped from high.
Market Overview
On Tuesday (September 5), the Fed Governor Waller said, in view of the recent data show that inflation continues to slow, policymakers have room to burden “cautiously advance” interest rate hike action. Waller's speech made gold prices dropped from high.
CME “Fed Watch”: the probability of the Fed keeping interest rates unchanged at the range of 5.25% to 5.50% in September is 92%, and the probability of raising rates by 25 basis points to the range of 5.50% to 5.75% is 8%; the probability of keeping interest rates unchanged in November is 54.8%, and the probability of cumulative interest rate hikes of 25 basis points is 42.0%, and the probability of cumulative interest rate hikes of 50 basis points is 3.2%.
International oil prices held on to most of their overnight gains, with U.S. crude currently trading near $86.66 per barrel and Brent crude hovering near the 90 mark. Overnight oil prices extended their gains, both hitting nearly nine-and-a-half month highs; as Russian President Putin joined forces with Saudi Arabia to extend voluntary production and export cuts to the end of the year to create favorable conditions. Looking ahead, Goldman Sachs believes this will push the crude deficit to nearly 3 million barrels per day, with oil coming in at $93 by the end of next year and Brent crude approaching $107. President Biden's administration has spoken out in response, saying it will do what it can to keep oil prices down.
MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on September 6, Beijing time.
·Gold XAUUSD· | |
High Probability Scenario | High throw and low suction in the 1892-1903-1919-1931-1945-1951 range |
Low Probability Scenario | Chase up and kill down outside the 1892-1903-1919-1931-1945-1951 range |
 Intraday Oscillation Range: 1892-1903-1919-1931-1945-1951 Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100 In the subsequent period of spot gold, 1892-1903-1919-1931-1945-1951 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 September 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
·Silver XAGUSD· | |
High Probability Scenario | High throw and low suction in the 21.5-22.3-23.1-23.9-24.5-25.3 range |
Low Probability Scenario | Chase up and kill down outside the 21.5-22.3-23.1-23.9-24.5-25.3 range |
 Intraday Oscillation Range: 21.5-22.3-23.1-23.9-24.5-25.3 Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3 In the subsequent period of spot silver, 21.5-22.3-23.1-23.9-24.5-25.3 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 September 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
·Crude Oil USOUSD· | |
High Probability Scenario | High throw and low suction in the 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 range |
Low Probability Scenario | Chase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 range |
 Intraday Oscillation Range: 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 In the subsequent period of crude oil, 83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7 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 September 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
·EURUSD· | |
High Probability Scenario | High throw and low suction in the 1.0570-1.0690-1.0755-1.0830-1.0950 range |
Low Probability Scenario | Chase up and kill down outside the 1.0570-1.0690-1.0755-1.0830-1.0950 range |
 Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950 Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340 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 September 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
·GBPUSD· | |
High Probability Scenario | High throw and low suction in the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range |
Low Probability Scenario | Chase up and kill down outside the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range |
 Intraday Oscillation Range: 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000 In the subsequent period of GBPUSD, 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 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 September 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
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