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MHMarkets:The U.S. dollar retreated slightly, non-U.S. currencies and precious metals began to rebound, and U.S. crude oil consolidated in a relatively high range!

MH Markets | 2023-09-08 16:44

Abstract:On Friday (September 8), spot gold rebounded slightly during the Asian session, and is currently trading near $1925.29 per ounce. Although overnight data showed that the number of U.S. initial jobless claims last week unexpectedly fell to the lowest level since February, the number of renewed jobless claims fell to the lowest level since July, and the U.S. dollar index once refreshed nearly six months of highs to 105.16, the dollar index has now retracted all of Thursday's gains. Because the Fed

头图2

Market Overview

On Friday (September 8), spot gold rebounded slightly during the Asian session, and is currently trading near $1925.29 per ounce. Although overnight data showed that the number of U.S. initial jobless claims last week unexpectedly fell to the lowest level since February, the number of renewed jobless claims fell to the lowest level since July, and the U.S. dollar index once refreshed nearly six months of highs to 105.16, the dollar index has now retracted all of Thursday's gains. Because the Fed officials' speeches basically solidified the expectations of the suspension of interest rate hikes in September, which gives the gold price rebound to provide opportunities.

U.S. West Texas Intermediate (WTI) crude oil and Brent crude oil futures both closed lower. Oil prices were pressured by a stronger US dollar and the expected prospect of weaker international crude demand.

With less economic data this trading day, the focus continues to be on Fed officials' speeches. The U.S. August CPI data will be released next week, and investors will also need to keep an eye on changes in market expectations. The market currently expects the U.S. core CPI year-on-year growth rate will decline slightly to 4.3%, compared with the previous value of 4.7%.

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 8, Beijing time.

·Gold XAUUSD·
High Probability ScenarioHigh throw and low suction in the 1892-1903-1919-1931-1945-1951 range
Low Probability ScenarioChase up and kill down outside the 1892-1903-1919-1931-1945-1951 range
image.png
Intraday Oscillation Range: 1892-1903-1919-1931-1945-1951Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100In 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   8. This policy is a daytime policy. Please pay attention to the policy   release time.
·SilverXAGUSD·
High Probability ScenarioHigh throw and low suction in the 21.5-22.3-23.1-23.9-24.5-25.3 range
Low Probability ScenarioChase up and kill down outside the 21.5-22.3-23.1-23.9-24.5-25.3 range
image.png
Intraday Oscillation Range: 21.5-22.3-23.1-23.9-24.5-25.3Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3In 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 8. This policy is a daytime policy. Please pay attention to the   policy release time.
 ·Crude OilUSOUSD·
High Probability ScenarioHigh throw and low suction in the 80.7-82.3-83.5-85.3-87.3-89.1 range
Low Probability ScenarioChase up and kill down outside the 80.7-82.3-83.5-85.3-87.3-89.1 range
image.png
Intraday Oscillation Range: 80.7-82.3-83.5-85.3-87.3-89.1Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7In the subsequent period of crude oil, 80.7-82.3-83.5-85.3-87.3-89.1 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 September   8. This policy is a daytime policy. Please pay attention to the policy   release time.
·EURUSD·
High Probability ScenarioHigh throw and low suction in the 1.0570-1.0690-1.0755-1.0830-1.0950 range
Low Probability ScenarioChase up and kill down outside the1.0570-1.0690-1.0755-1.0830-1.0950 range
image.png
Intraday Oscillation Range:1.0570-1.0690-1.0755-1.0830-1.0950Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340In 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   8. This policy is a daytime policy. Please pay attention to the policy   release time.
 ·GBPUSD·
High Probability ScenarioHigh throw and low suction in the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range
Low Probability ScenarioChase up and kill down outside the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range
image.png
Intraday Oscillation Range: 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000In 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   8. This policy is a daytime policy. Please pay attention to the policy   release time.

尾图
MHMarkets Precious Metal Crude oil Foreign Exchange Fundamentals Overview Techinical Level CPI

Related broker

Regulated
MH Markets
Company name:Mohicans Markets (Ltd)
Score
8.44
Website:https://mhmarkets-zh.com/global
5-10 years | Regulated in Australia | Regulated in South Africa | Forex Execution License (STP)
Score
8.44

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