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market analysis
Fed dovishly suppresses US index, Shanghai copper coking coal goes low
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: The Fed is dovishly suppressing the US index, and Shanghai copper coking coal is low-float." Hope it will be helpful to you! The original content is as follows:
The US index market opened at 97.809 last week and the market fluctuated and rose first. The weekly line reached the highest position of 98.853 and then the market fell strongly at the end of the trading session by the dovish remarks of the Federal Reserve Chairman. The weekly line finally closed at 97.551 and then the market consolidated. The weekly line finally closed at 97.718. The weekly line closed with a shooting star with an extremely long upper shadow line. After this pattern ended, the market continued to decline this week.
Shanghai copper market opened at the 79087 position last week and then the market first rose. After the market fluctuated strongly. The weekly line was at the lowest point of 78481, the market fluctuated strongly. By the Friday weekly line, it reached the highest point of 79354 position and then the market consolidated. After the weekly line finally closed at the 79110 position, the weekly line closed with a very long lower shadow line. After this pattern ended, the stop loss of 78700 this week was more than 78900, and the target was 79300 and 79500 and 79850 and 80000.
The rebar 01 market opened at 3277 last week and then rose slightly. The market gave a strong fluctuation.After the market collapsed, the weekly line was given the lowest position at 3174, and the market was consolidated. After the weekly line finally closed at 3234, the weekly line closed with a very long lower shadow line. After this pattern ended, the weekly line was more than 3210 stop loss this week, with the targets looking at 3250 and 3285, and the breaking position was 3300-3320.
The corn 11 market opened at 2192 last week and the market rose slightly. The market fluctuated strongly and fell. The weekly line was at the lowest point of 2147 and then the market rose at the end of the trading session. After the weekly line finally closed at 2174, the weekly line closed in a hammer head pattern with a very long lower shadow line. After this pattern ended, the weekly line was more than 2160 stop loss this week, and the target was 2195 and 2210 and 2230.
The soybean meal market opened at 3145 last week and then the market rose first. The weekly line reached the highest point of the weekly line at 3180 and then fell strongly. The weekly line was given the lowest point of the weekly line at 3079 and then the market consolidated. After the weekly line finally closed at 3108, the weekly line closed with a mid-yin line with an upper and lower shadow line. After this pattern ended, the weekly line was more than 3100 stop loss of 3080 this week, the target was 3160 and 3180, and the break was 3210 and 3250.
PTA01 market opened at 4707 last week and the market fell slightly and gave the 4695 position. After the market rose strongly, the weekly line reached the highest position of 4905, and the market consolidated. After the weekly line finally closed at 4876, the weekly line closed with a large positive line with a longer upper shadow line. After this pattern ended, the stop loss of 4780 this week was over 4820, and the target was 4880 and 4910 and 4935 and 4960.
The coking coal 01 market opened at 1239.4 last week and the market rose slightly, giving a position of 1254.9. The market fell strongly. The weekly line was at the lowest point of 1125.1. The market finally closed at the end of the trading day. After the weekly line finally closed at the position of 1212. The weekly line closed with a hammer head with a long lower shadow line. After this pattern ended, the weekly line was more than 1180 and 1150 this week, with the target of 1230 and 1255, and the breaking position was 1285 and 1300.
Rapeseed Meal 01 market opened at 2558 last week and then the market first rose to 2635 and then fell strongly. The weekly line was at the lowest point of 2525 and then the market consolidated. The weekly line finally closed at 2556 and then the market closed with a long upper shadow line. After this pattern ended, the short stop loss of 2585 this week 2585 is 2550 and 2525 below the target of 2550 and 2480, and the fundamentals fell below 2500 and 2480.
Fundamentals, last week's fundamentals Fed Chairman Powell's speech at Jackson Hall at 10 o'clock on Friday night changed and even reversed the trend and pattern of multiple trading products in the previous week. The US dollar index recorded an increase at the beginning of the week, and was expected to get rid of the weak performance in the previous two weeks, mainly because the US PMI rose more than expected in August, the increase in the number of initial unemployment benefits reached an eight-week high, and many officials exposed the news to suppress interest rate cut expectations. But Powell's speech at Jackson Hall wiped out almost all the gains in the week as he said changes in risk balance could require adjustments to policy stances, which traders interpreted as sending out a signal of a September rate cut. Minutes of the Federal Reserve's July meeting released this week showed that most officials believe that the threat of continued high inflation has exceeded the risk of weakening of the labor market. Among the 18 policymakers present, most believed that the upward risks of inflation were more severe, while a few officials believed that the risks were roughly balanced, and several were more worried about the labor market. Directors Waller and Bowman voted against fears of worsening job markets. Against the backdrop of a strong rise in the gold and silver market, there is continued to be bullish demand this week. This week's fundamentals are mainly focused on the annualized total number of new home sales in the United States in July at 22:00 on Monday. Then look at the US Dallas Fed Business Activity Index in August at 22:30. Focus on the monthly rate of durable goods orders in the United States at 20:30 on Tuesday. Then look at the monthly rate of the FHFA House Price Index in June in the United States and the annual rate of the 20 major cities in June in S&P/CS in the United States. Look at the US August Consultative Conference Consumer Confidence Index and the US August Richmond Fed Manufacturing Index at 22:00 later. We focused on the 22:30 U.S.-August 22 week, and the U.S.-August 22 week, and the U.S.-August 22 week, and the U.S.-August 22 week, and the U.S.-August 22 week. On Thursday, the number of initial unemployment claims for the United States to August 23 and the revised quarterly rate of the second quarter of the United States' real GDP was revised. Then look at the monthly rate of the US July existing home signing sales index at 22:00. On Friday, we focused on the annual rate of the US core PCE price index in July at 20:30, with an expected 2.9% in this round. The previous value is 2.8%, and the monthly rate of personal spending in the United States in July and the monthly rate of core PCE price index in July. Look later at the end of the US August Chicago PMI at 21:45 and 22:00 in the US August Michigan Consumer Confidence Index and the expected end of the US August one-year inflation rate.
In terms of operation, Shanghai Copper has been continuously: more than 78,900 stop loss this week 78,700, with the targets of 79,300 and 79,500 and 79,850and 80000.
Rebar 01: 3190 stop loss this week, target 3210 and 3285, breaking the market, 3300-3320.
Corricane 11: 2160 and 2140 stop loss this week, targeting 2195 and 2210 and 2230.
Soybean meal 01: 3100 stop loss this week, targeting 3080, targeting 3160 and 3180, breaking the market, 3210 and 3250.
P TA01: This week's stop loss is 4780, with a target of 4880 and 4910 and 4935 and 4960.
Coking coal 01: This week's 1180 is accurate 1150, with a target of 1230 and 1255, with a target of 1285 and 1300.
Raise meal 01: This week's short stop loss is 2605, with a target of 2550 and 2525, with a drop of 2500 and 2480.
The above content is about "【XM Group]: The Fed is dovishly suppressing the US index, and Shanghai copper coking coal is low-floor" is carefully xmhouses.compiled and edited by the editor of XM Forex. I hope it will be helpful to your transactions! Thanks for the support!
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