MHMarkets:11.Jan. 2023 MHM European Perspective
Market Overview
On Wednesday, 11 Jan., Asian time period, spot gold rose slightly and once to the new high of 1884.49 dollar/ounce since 9 May. Although the market generally focuses on the CPI data of US in Dec. which will be released on Thursday, trading sentiment cautious, the US dollar kept weak after the Fed chairman Powell’s speech. Market generally predicts the US CPI data will express that the speed of inflation will slow and it will force Fed further slowing the pace of interest rate hikes and provides upward momentum for gold.
During Asian period, the US crude oil shocks in a tight range, trading around $74.61 per barrel currently. The EIA monthly report raised the demand prediction, so did the output prediction. Oil price were supported by weak dollar, but API crude oil inventory rose 14.9 million barrels unexpectedly. The inventory of gas and refine oil also increased which made crude oil bulls worried.
Investors generally pay attention to the EIA crude oil inventory series data released in the evening to see whether it is consistent with the API data.
Policies of Mohicans Markets are only for reference and cannot as the investment suggestion. Please carefully read the statement at the ending of the passage. The following policies updated at 15, 11 Jan. 2023.
Intraday Oscillation Range: 1833-1856-1873-1890
Overall Large Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1890-1911
Spot gold in the subsequent period, 1833-1856-1873-1890 can be operated as an intraday range of bullish and bearish; 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 January 11. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 23.1-23.9-24.5-25.3
Overall Large Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1
Spot silver in the subsequent period, 23.1-23.9-24.5-25.3 can be operated as an intraday range of bullish and bearish; 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 January 11. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 72.3-73.1-73.8-75.1-77.3
Overall Large Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5
Crude Oil in the subsequent period, 72.3-73.1-73.8-75.1-77.3 can be operated as an intraday range of bullish and bearish; 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 January 11. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.0570-1.0690-1.0755
Overall Large Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0910
EURUSD in the subsequent period, 1.0570-1.0690-1.0755 can be operated as an intraday range of bullish and bearish; 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 January 11. This policy is a daytime policy. Please pay attention to the policy release time.
Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250
Overall Large Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470
GBPUSD in the subsequent period, 1.1920-1.2030-1.2135-1.2250 can be operated as an intraday range of bullish and bearish; 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 January 11. This policy is a daytime policy. Please pay attention to the policy release time.
