BSFX Boss Financial: Oolong refers to killing gold today to decide whether heaven or hell

Just yesterday, the gold market in Europe began to "flash collapse"! In a minute, the market fell by 17 dollars. The market was full of enthusiasm. The internal differences between the Republicans in the United States intensified. Trump then drove the Senate for the medical reform. At the same time, in Europe, the British government and the Northern Ireland Democratic Unity Party are also signing a joint cabinet agreement. At present, the competition in the countries of the market is becoming more and more fierce. In the early morning, Draghi Yellen’s heavy speech will be a “blockbuster”. "Fat finger" is also called "Oolong finger", which means that in the electronic financial market, the trader's keyboard input error causes the transaction result to be abnormal, which may cause market panic.

History tells us that "Oolong refers" is not new and will continue.

In September 2004, the Morgan Stanley trader opened the “Million” operation into “Billion” and the US stock market opened up sharply;

In August 2005, Mizuho will operate “selling 1 share for 610,000 yen/share” as “selling 610,000 shares at 1 yen/share” and losing 30 billion yen;

In May 2009, UBS traders processed “buy £220,000” into “buy £22 billion” Capcom bonds after the close;

In October 2014, the broker incorrectly submitted more than $617 billion in blue-chip stock orders on the OTC market in Tokyo;

In June 2015, Deutsche Bank traders processed the “net value” of the order into “total data” and $6 billion was misdirected to US hedge fund customers.

On the US side, the White House stated that US President Trump and Indian Prime Minister Modi jointly condemned North Korea’s "sustained stimulus" behavior, and its nuclear tests and missile tests pose a serious threat to world peace. Although the US dollar index DXY has begun to bottom out, the Fed’s June rate hike has no obvious traction on the US dollar index DXY, and the US President Trump’s legislative process has also encountered significant resistance. Therefore, the US dollar index DXY has limited upward momentum; on the other hand, Through observations since the end of April, the US dollar index DXY has alternated between weekly uptrend and downtrend. Last week, the US dollar index DXY has strengthened, and it also indicates that this week will usher in a small decline, down to the direction of 96.50. Whether Yellen’s speech in the early hours of tomorrow can break the current downward trend is whether Yellen’s “face” hawkish remarks that have been published before, and we focus on the evening beauty.

In Europe, the UK's position on EU citizenship needs to be more explicit. Need to have higher ambitions, be more explicit, and provide more assurance. The ultimate goal of the EU is that the rights of EU citizens in the UK are protected in the same way as EU law. In the UK, the biggest boost in the current appreciation of the pound is the rise in the chances of the Bank of England raising interest rates. Although Bank of England Governor Carney bluntly said on Tuesday that he is not willing to raise interest rates, the number of members who supported the interest rate hike at the last meeting has increased by one from the internal opinion of the central bank. The Bank of England policy commissioner and chief economist Haldane also On Thursday, he said that he should consider raising interest rates later this year and add another person to the interest rate camp.

In the middle of this month, the Federal Reserve carried out a second rate hike during the year, and Federal Reserve Chairman Yellen issued a hawkish speech after the resolution. The recent inflationary weakness is only a temporary phenomenon. The price of gold once hit the biggest weekly decline in the next month, and gold investors have sharply Divestment. At 1 am Beijing time on Wednesday, Fed Chair Yellen will make another speech. This is the first appearance of Yellen after raising interest rates this month, which is highly concerned by the financial market. BSFX Boss Financial Researcher believes that this time it is worth noting that the Fed recently proposed whether the Fed should consider raising its inflation target to more than 2%. Yellen’s attitude is not firm, so it’s even more important to be able to get a clue in this speech. Once the information is directly responding to the inflation target rising to 3%, then the dollar will be a big plus, and the gold and silver market will face new A round of decline.

In terms of oil prices, one of the possible reasons for the sluggish demand for gasoline is US President Trump’s immigration policy. Since Trump took office in January this year, government agencies across the United States have continued to strengthen traffic inspections to repatriate illegal immigrants without legal documents. This caused a huge panic among the undocumented immigrant groups, and many illegal immigrants said they would not go out to drive to avoid censorship. After the group's panic dissipated, it is expected that some gasoline demand will pick up. It is expected that the US gasoline demand growth rate will return to the 0-0.5% range in the second half of this year.

According to BSFX Boss financial analysts, there are more favorable factors in the US dollar zone. The US and Japan will continue to rise in the next operational space, and the US dollar against a basket of currencies is gradually stabilizing. The change is not large, and the short-term gold price will continue to fluctuate below 1250 before the market is completely digested. There are many factors in the euro zone, but inflation is relatively weak. After waiting for Draghi Yellen to deliver a heavy speech in the evening, the market may continue to be suppressed by the US dollar in the short term. The crude oil is expected to form a long and short watershed with a price of 43.7 US dollars. Pressed at $45, the next low of $41 will be formed in the mid-term "bottom" after 20 trading days.

【布油】

Crude oil did not fall below the previous 45.03 important support level after the massive earthquake yesterday, but now the top is suppressed by the 10-day moving average, so in the short-term, the shock will continue, paying attention to the direction in which the center 45.79-45.03 was broken. Intraday trading can be temporarily bargain-hunting, stop loss setting 45.60, once it falls below again, you can short short, see below 45.03

【gold】

Yesterday, although the hunch may be topping, I didn’t think it was so fierce. If yesterday’s behavior was an oolong finger, then today’s second test will confirm a strong rebound to fix the mistake. But if yesterday is not an oolong, then the rebound will not break through the 5-day moving average, and will continue to fall. The intraday trading is temporarily short and the stop loss is set to 1245.09. Once the intraday break through this place, the callback will start to be slightly larger, while the more singles will focus on whether it can break through 1254.85 today. If you can't break through, you will continue to fall.

[US/Swiss]

After the US dollar fell below the key support level of 0.9700 in the previous period, the follow-up is expected to continue to fall. The big level is mainly short-selling, and the stop loss is set at 0.9766. On the small level, the bargain-hunting is long, and the stop loss is set at 0.9707. Once it falls below again, it can start to re-layout the empty order.

[Europe/US]

Yesterday, the intraday high fell back, but did not completely break the rising trend. Today, we can continue to look for opportunities to dip in the 1.1138-1.1219 uptrend. During the day, the short-term short position is set at 1.1194. Once the intraday break breaks through this point again. , then the callback can continue to lay out multiple orders

[Pound / US]

Yesterday, after the British pound quickly fell below 1.2710 in the intraday, there has been a momentum to break the upward trend of the uptrend. Today, the stock can continue to ralli short, the stop loss is set at 1.2751.

[US/Japan]

Yesterday, the US and Japan finally broke through the consolidation range and a number of moving averages. Today's task is to stabilize the callback. The intraday trading can be temporarily bargain-hunting. The stop loss is set at 111.80. Once you break this position again, you can start a short-term short position. Up

The above is only a personal opinion, it is recommended to operate in a light warehouse, for reference only. Investment is risky and requires caution when entering the market. BSFX Boss Financial will not be liable for any loss or loss (including but not limited to any loss of profits) that may result from the direct or indirect use or reliance on such information.

(Editor: Wang Zhiqiang HF013)