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荣获2022年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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World Finance Forex Awards 2022 颁发
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Finance Magnates 颁发
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Finance Magnates 颁发
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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Global Forex Awards颁赠
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World Finance Magazine 颁赠
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World Finance Magazine 颁赠
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World Finance Magazine 颁赠
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2016年最佳黄金经纪商
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
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World Finance Magazine 颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
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World Finance Magazine 颁赠
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2015最佳外汇交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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认证最优金牌级别
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market analysis
The dollar ebbs and gold sets sail! Technical school: The channel support is intact and the next target has been locked
Wonderful introduction:
Since ancient times, there have been joys and sorrows of parting, and since ancient times, there have been sad songs about the moon. It’s just that we never understood it and thought everything was just a distant memory. Because without real experience, there is no deep inner feeling.
Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: The US dollar ebbs, gold sets sail! Technical school: The channel support is intact, and the next target level has been locked." Hope this helps you! The original content is as follows:
During the Asia-Europe time on Wednesday (November 26), spot gold continued to strengthen along with Asian stock markets, currently trading around 4160, up 0.73%. Traders have priced in an 84% probability of the Federal Reserve cutting interest rates in December, while the U.S. dollar index has adjusted sharply, which has led to a continued influx of gold buying, pushing gold prices to a two-week high and becoming the core leader in the precious metals market.
Driven by multiple positive factors, gold has not paused its rise due to improved market risk appetite.
The current short-term expectations for the Russia-Ukraine peace talks are poor, supporting gold prices
“Yesterday, news came out that Ukraine had accepted the terms of the peace agreement, and it was later confirmed that this statement was misleading.
The market’s expectations of the peace talks disappeared, pushing up the safe-haven gold.
The overall tone of the current negotiations is constructive, but Ukraine and Russia are still negotiating with the United States on some difficult issues.
What is clear is that the United States is launching the most powerful ceasefire mediation operation so far, and Ukraine has also shown a certain degree of willingness to xmaccount.compromise.
But it is worth noting that US peace envoy Steve Witkov will meet with President Putin today. Any breakthroughs will suppress energy prices and the US dollar index, and safe-haven assets such as gold will not be immune."
Fed personnel changes: dovish candidates lead, gold is bullish again.
“A key development has occurred within the Federal Reserve: According to market news, Kevin Hassett has become a popular candidate to succeed Powell as Chairman of the Federal Reserve, and the relevant appointment may be officially announced before Christmas.
Hassett is the most dovish of all candidates.If he is successfully appointed, it may trigger the market to lower its terminal interest rate expectations (current market pricing is slightly lower than 3.0%), and continue to suppress the U.S. dollar index, thereby bringing additional upward momentum to gold prices. ”
A weaker U.S. dollar + falling U.S. bond yields build a support barrier for gold
Traders expect that the next Federal Reserve chairman may adopt a more loose policy stance, coupled with the pre-holiday effect of the U.S. dollar index (the U.S. dollar index tends to perform poorly before holidays), the U.S. dollar index fell to a one-week low.
For global investors, a weaker U.S. dollar will reduce the cost of gold purchases in U.S. dollars, naturally increasing their allocations
U.S. Treasury yields continue to be under pressure, with the benchmark 10-year Treasury yield trading near one-month lows.
From the perspective of asset pricing logic, falling yields will directly reduce the opportunity cost of holding non-yielding gold - historical data shows that when the market expects the Federal Reserve to launch a easing cycle, gold will often usher in a peak demand season, coupled with investors' "fear of high" sentiment towards the recent price rise in the bond market. Funds have begun to flow intensively into gold assets that have been in the adjustment stage recently and have outstanding allocation value.
Multiple data resonated, and gold received strong support
Last night, the U.S. retail sales data was less than expected, the ADP job reduction data worsened more than expected, and the consumer confidence index was lower than expected. Multiple signals strengthened the market judgment that monetary policy is excessively tight, providing data support for subsequent interest rate cuts, and raising the price of gold.
The logic of interest rate cuts solidifies the foundation for gold's rise
A series of weak economic data in the United States, xmaccount.combined with increasingly clear dovish signals from senior Federal Reserve officials, prompted investors to reprice the path of interest rates and increase their positions in safe-haven assets such as gold.
Tim Watt, chief market analyst at KCMTrade, said: "The current market expectations are clearly biased toward an interest rate cut in December. The collective dovish stance of Federal Reserve officials, coupled with moderate and positive economic data, provided strong support for gold prices from the perspective of yields and further solidified the logical basis for interest rate cuts. ”
The direct cause of the shift in market sentiment is two key economic reports released on Tuesday: U.S. retail sales growth in September fell short of market expectations, and the producer price index (PPI) rose 2.7% year-on-year, which was the same as August data and lower than market expectations.
The xmaccount.combination of demand-side slowdown and producer inflation under control has strengthened the market’s judgment that “monetary policy has been excessively tight”, providing gold with no gains. Yield assets have created a favorable pricing environment.
Data from the CME Group's Federal Reserve Watch Tool show that the current market pricing probability of a December interest rate cut has soared to 84%, a sharp jump from 50% last week, making it one of the most volatile periods in interest rate expectations this quarter, further boosting the strength of gold prices.
Silver has strengthened simultaneously, and gold has led the precious metals market
In the U.S. dollarUnder the triple positive resonance of softening, falling yields and rising expectations for policy easing, silver prices have strengthened simultaneously with gold, but gold still occupies a dominant position in the precious metals market.
Although silver has both the hedging properties of precious metals and the properties of industrial metal xmaccount.commodities, and can capture both hedging capital flows and cyclical trends, the core driving force of this round of gains still xmaccount.comes from the loose expected trading led by gold, and silver shows more of a follow-up rise.
The next trading focus for gold will be the U.S. weekly jobless claims report - the performance of this data will directly affect the pricing of interest rate expectations and provide key guidance for the direction of the gold market before the Federal Reserve policy meeting in December.
Technical analysis:
Spot gold continues to rebound relying on the ascending channel and the elevated moving average. The support is the 5-day line and the lower rail of the ascending channel. The pressure level is the middle rail, which is also the intraday high of 4169, and then around 4235.
The time-sharing chart shows that the rebound measurement increase in this period has been met, and we are waiting for the opportunity to step back or break through. The next box measurement increase position is around 4222.
It should be noted that a breakthrough requires favorable support, such as Fed officials making dovish statements, the Russia-Ukraine peace talks not meeting expectations, or the U.S. dollar index or U.S. stocks adjusting beyond expectations. However, these are unknowns, so gold's continued breakthrough is not easy.
The above content is all about "[XM Foreign Exchange Market Analysis]: The US dollar ebbs, and gold sets sail! Technical school: The channel support is intact, and the next target level has been locked". It is carefully xmaccount.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some contents in the article still need to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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