Goolsbee unleashes hawkish rhetoric and the Fed's victory against inflation is too early.Goolsbee unleashes hawkish rhetoric and the Fed's victory against inflation is too early.
Abstract：At the end of the Asian market on Monday (December 18), Chicago Federal Reserve Bank President Goolsbee stated last Sunday that it was too early to announce the Fed's victory in fighting inflation, and the decision to cut interest rates would be based on upcoming economic data.
At the end of the Asian market on Monday (December 18), Chicago Federal Reserve Bank President Goolsbee stated last Sunday that it was too early to announce the Fed's victory in fighting inflation, and the decision to cut interest rates would be based on upcoming economic data. We have made great progress in 2023, but I still warn everyone that this is not yet completed. Market interpretation of Goolsbee's hawkish speech, specific policies depend on this week's inflation data. The US dollar index rebounded last Friday, but did not form an upward efficiency structure. At the opening of the Asian market today, the US dollar index adjusted slightly and is currently priced around 102.48. Affected by the expected fundamental data, gold fell sharply last Friday and broke through the previous support level, ultimately closing near the intraday low. At the opening of the Asian market today, gold rebounded and consolidated, with the current price around 2021.60. Affected by the current political situation, US crude oil has recently experienced a significant pullback. Last Friday, US crude oil adjusted at the high point of the pullback. At the opening of the Asian market today, US crude oil saw a slight correction, with the current price around 72.31. Affected by fundamental expectations, EURUSD saw a significant price correction in the market last Friday and broke through past support levels, ultimately closing near the intraday low. At the opening of the Asian market today, EURUSD saw an upward correction and is currently quoted around 1.0915. The Bank of Japan will hold a monetary policy meeting from December 18 to 19 local time. The market expects that the Bank of Japan's short-term interest rate target will remain unchanged at -0.1%, and the benchmark 10-year Japanese bond yield target will remain around 0.It is worth noting that the market is generally focused on whether the Bank of Japan will adjust its policy wording or directly adjust its yield curve control and negative interest rate policy during the interest rate resolution and press conference released on the December 19, further shifting towards hawkishness. USDJPY stopped falling and adjusted last weekend. At the opening of the Asian market today, USDJPY continued to consolidate, with a current price around 142.32.
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 18, Beijing time.
Gold XAUUSD· | |
Resistance | 2038.59 – 2044.90 – 2048.16 |
Support | 2015.48 – 2007.95 – 1996.66 |
 The above figure shows the 30 minute chart of gold. The chart shows that the recent upward resistance of gold has been around 2038.59-2044.90-2048.16, and the downward support has been around 2015.48-2007.95-1996.66. 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 18. This policy is a daytime policy. Please pay attention to the policy release time. | |
Crude Oil USOUSD· | |
Resistance | 72.73 – 74.24 – 74.81 |
Support | 70.61 – 69.78 – 67.95 |
 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 72.73-74.24-74.81, and the downward support is around 70.61-69.78-67.95. 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 18. This policy is a daytime policy. Please pay attention to the policy release time. | |
EURUSD· | |
Resistance | 1.0969 - 1.1009 - 1.1044 |
Support | 1.0880 - 1.0847 - 1.0779 |
 The above figure shows the 30 minute chart of EURUSD. The chart shows that the recent upward resistance of EURUSD is around 1.0969-1.1009-1.1044, and the downward support is around 1.0880-1.0847-1.0779. 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 18. This policy is a daytime policy. Please pay attention to the policy release time. | |
GBPUSD· | |
Resistance | 1.2716 – 1.2792 – 1.2817 |
Support | 1.2653 - 1.2612 – 1.2502 |
 The above figure shows the 30 minute chart of GBPUSD. The chart shows that the recent upward resistance of GBPUSD is around 1.2716-1.2792-1.2817, and the downward support is around 1.2653-1.2612-1.2502. 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 18. This policy is a daytime policy. Please pay attention to the policy release time. | |
Read more
MHMarkets：2024.03.29 MHM European Time Analysis
Fed Governor Christopher Waller's recent comments have highlighted a cautious stance towards adjusting interest rates, marking a significant moment for the financial markets.
MHMarkets：2024.03.28 MHM European Time Analysis
In the forex market, stability was the theme for the U.S. dollar index, holding firm at 104.30. Minor fluctuations were observed across major currency pairs: the Euro slightly weakened against the dollar, closing at 1.0827
MHMarkets：2024.03.27 MHM European Time Analysis
In the latest market wrap focusing on the foreign exchange sector, the U.S. dollar index showed minimal movement, holding at 104.31.
MHMarkets：March 27, 2024 Economic Highlights
On Tuesday, due to February's US durable goods orders growth exceeding expectations and an optimistic economic growth outlook for the first quarter in the US, the US dollar index initially fell but then rose, briefly touching below the 104 mark before recovering during the US trading session, closing up 0.07% at 104.29.
WikiFX Broker
Latest News
RoboMarkets Review: Regulation Questions Around a Broker Facing Fresh Trading Complaints
WikiFXReview 2026: Deriv Regulation, Complaints, and Withdrawal Risk Signals
WikiFXStop Trading in the Middle of Ranging Forex Markets
WikiFXSTONE WALL CAPITAL Review 2026: Is This Forex Broker Safe?
WikiFXUnderstanding Day Trading: Fast Decisions, High Stress, and Zero Overnight Risk
WikiFXErrante Review: Regulation Alarms and Broker Complaints Traders Cannot Ignore
WikiFXFXTF Review 2026: FSA Regulation, MT4 Access, and Mixed Trader Reports
WikiFXFinalto Review 2026: Regulation, Trading Environment, and Platform Access
WikiFXMetaTrader 5 Expands Infrastructure With New Amsterdam Hosting for Backup Servers
WikiFXBaFin Issues Fresh Warnings Over Unauthorized Financial and Crypto Services
WikiFXRate Calc
