Investors’ expectations for another rate hike by the Fed have dropped to freezing.Investors’ expectations for another rate hike by the Fed have dropped to freezing.
Abstract：At the end of the Asian market on Wednesday (December 6), a series of recent data released by the US all showed that the job market is increasingly cooling. Balancing between price stability and a slowdown in the labor market has been the core of the Fed's 18 month anti inflation action.
At the end of the Asian market on Wednesday (December 6), a series of recent data released by the US all showed that the job market is increasingly cooling. Balancing between price stability and a slowdown in the labor market has been the core of the Fed's 18 month anti inflation action. However, the further slowdown in the US labor market has have dropped investors' expectations for another rate hike by the Fed to freezing. The data released overnight showed that the number of US October JOLTs vacancies decreased to 8.733 million, significantly lower than the expected 9.3 million and the lowest point since March 2021. In October, the number of job vacancies in JOLTs decreased by 617000, a decrease of 6.6%, resulting in an average of 1.34 positions per unemployed person. This ratio is the lowest level since August 2021, almost returning to the pre-pandemic state, much lower than the 1:2 ratio of a few months ago. The data for September has also been revised downwards, from 9.55 million to 9.35 million. The US dollar index fluctuated slightly at the opening of the Asian market today, with a current price of 103.98. Gold was affected by the Fed's policy expectations and experienced significant fluctuations today. Yesterday, it rose and then fell in the market, and finally closed near the intraday low. At the opening of the Asian market today, gold fluctuated slightly, with the current price around 2024.50. After being suppressed above yesterday, US crude oil accelerated its decline and ultimately closed near the intraday low. At the opening of the Asian market today, US crude oil fluctuated slightly, with the current price around 72.40.EURUSD was under pressure from above yesterday, and the market began to accelerate its decline, closing near the intraday low. At the opening of the Asian market today, EURUSD fluctuated slightly, with a current price around 1.0792. Earlier, Yoshizo Ichino, Vice President of the Bank of Japan, stated that there is no predetermined timetable for withdrawing from monetary easing policies and it is not appropriate to set the order in which various monetary easing measures will end in advance. USDJPY rose at the opening of the Asian market today, with a current price around 147.19.
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 December 6, Beijing time.
Gold XAUUSD· | |
Resistance | 2031.25 – 2039.66 – 2053.33 |
Support | 2011.15 – 2005.55 – 2001.79 |
 The above figure shows the 30 minute chart of gold. The chart shows that the recent upward resistance of gold has been around 2031.25-2039.66-2053.33, and the downward support has been around 2011.15-2005.55-2001.79. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
Crude Oil USOUSD· | |
Resistance | 74.24 – 74.81 – 76.76 |
Support | 72.15 – 71.21 – 70.25 |
 The above chart shows the 30 minute chart of US crude oil. The chart shows that the recent upward resistance of US crude oil is around 74.24-74.81-76.76, and the downward support is around 72.15-71.21-70.25. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
EURUSD· | |
Resistance | 1.0847 - 1.0880 - 1.0913 |
Support | 1.0777 - 1.0757 - 1.0701 |
 The above figure shows the 30 minute chart of EURUSD. The chart shows that the recent upward resistance of EURUSD is around 1.0847-1.0880-1.0913, and the downward support is around 1.0777-1.0757-1.0701. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
GBPUSD· | |
Resistance | 1.2651 – 1.2687 – 1.2724 |
Support | 1.2577 - 1.2559 – 1.2523 |
 The above figure shows the 30 minute chart of GBPUSD. The chart shows that the recent upward resistance of GBPUSD is around 1.2651-1.2687-1.2724, and the downward support is around 1.2577-1.2559-1.2523. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 6. This policy is a daytime policy. Please pay attention to the policy release time. | |
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