Post
· Views 72
FPG: The Bank of Japan detonated the market, with nearly $500 million in gold transactions in one minute. Latest market news: 1. [Retail sales in the United States recorded the largest decline in a year in December] According to the latest data released by the U.S. Department of Commerce on Wednesday, U.S. retail sales fell by 1.1% month-on-month in December 2022, and the previous month-month (November) data were falling by 1% month-on-month. Retail sales excluding gasoline and car consumption fell by 0.7%. At present, these data are not adjusted by inflation factors. Economists expect that the median value of retail sales in December fell by 0.9% month-on-month. Comment: This indicates that the U.S. economy may fall into a slowdown in growth or even a recession, which makes the Federal Reserve expected to slow down the pace of raising interest rates again. However, for gold, too much interest rate cut expectations have been digested, so the rise has not been maintained in the end. 2. [The Bank of Japan maintains ultra-loose monetary policy] On January 18, the Bank of Japan announced the interest rate resolution after the first monetary policy meeting in 2023, which decided to keep the ultra-loose monetary policy unchanged and did not further adjust the yield curve control policy. Comments: Rising inflation puts further pressure on the weak Japanese economy. The risk of further adjustment of the Bank of Japan’s monetary policy in the future may have an impact on Japanese financial markets and even global financial markets. 3. [Fed officials released a hawkish signal again on Wednesday] Brad, chairman of the Great Hawk St. Louis Federal Reserve, said that the Federal Reserve should not “stop” raising the benchmark interest rate until the benchmark interest rate exceeds 5%. He said that the benchmark interest rate was still not higher than the level that would put downward pressure on inflation, and “The Federal Reserve should act as soon as possible” Many Fed officials once again sent out hawkish signals during the session. Comments: The three major indexes of U.S. stocks are “fully frightened” including commodity gold and crude oil. 4. [January OPEC Monthly Report] Recently, the Organization of Petroleum Exporting Countries (OPEC) released the Crude Oil Market Report (MOMR) in January 2023. According to the report, China’s oil demand will rebound this year and boost global economic growth. However, the organization is “cautiously optimistic” about the future of the world economy in 2023. Comments: Based on global inflation, changes in COVID-19 policies and geopolitical tensions, it may be difficult for the global economy to strengthen. But as an OPEC, he had to express his optimism, and naturally it did not have much impact on oil prices. 5. [Progress of the situation in Russia and Ukraine] According to the latest news released by the National Emergency Service of Ukraine on the afternoon of the 18th, a total of 14 people were killed and 25 injured in a helicopter crash in Brovare, an eastern suburb of Kiev city that day. All 9 people on board died, including Interior Minister Janis Monastelsky and First Deputy Minister of the Interior Yevgen Yenning Comment: Janis Monastelsky has been very close to Zelensky since the first day of the presidential election. Ukraine did not say that Russia was directly involved, but said it was not an accident. 6. [China’s national travel platform unveiled] As the first national transportation platform in China, “strong transportation” covering car-hailing, freight, water transportation, shipping and other functions has recently completed internal testing and entered the online countdown. Qiangguo Transportation will take the lead in launching online car-hailing services. It has connected to dozens of online car-hailing transportation companies. In the future, access capacity is expected to account for more than 90% of the total transportation capacity in the market. Comment: This may be a change for online car-hailing or something. 7. [New York Federal Reserve: Low-income households face the most severe inflation] The New York Federal Reserve said that middle-income households in the United States face the highest inflation rate in 2021, and low-income households are currently facing the most severe inflation. Inflation in rural households in the United States was the most severe in 2021-2022. Comments: Because among low- and middle-income groups, food and other living expenses account for a high proportion. Inflation measures the movement of prices, and the most violent rise is the basic living substances. Nanshi, a special analyst at FPG, believes that: The high-profile decision of the Bank of Japan was released on Wednesday. The Bank of Japan announced that its monetary policy remained unchanged and did not adjust the yield curve control (YCC) policy. After the announcement of the interest rate decision of the Bank of Japan, the US dollar/yen soared in the short term, reaching a maximum of 130.80. It is currently located near 130.65 and soared by more than 250 points in the day. Due to the soaring of the US dollar, the price of gold plummeted nearly 1900. At the same time, the physical demand for gold remains strong; however, in the short term, the price of gold may go too far or too fast and needs to be revised downward. If the price of gold falls from the current level to the range of $1870-1900, the view that the upward trend of gold may be reversed remains unchanged. Dawson, a special analyst at FPG, believes that: In terms of yen, on Wednesday morning, the Bank of Japan released the latest interest rate resolution and outlook report, keeping the interest rate outlook unchanged, maintaining the benchmark interest rate at an all-time low of -0.1%, and maintaining the yield target of 10-year treasury bonds around 0%, in line with market expectations. At the same time, the Bank of Japan has kept the annual purchase limit of ETF at 12 trillion yen. At the same time, the Bank of Japan stated that it will not hesitate to increase easing policies when necessary, increase bond purchases in a flexible manner, and continue to buy bonds on a large scale. The Bank of Japan will continue to buy 10-year Japanese domestic bonds at a fixed interest rate every working day. The Bank of Japan keeps the yield range unchanged, and short-term and long-term interest rates are expected to remain at the current or lower levels. The intraday operation of the U.S. dollar against the Japanese yen today. I personally suggest that the low point should be long, and the above target is 131. Dave, a special analyst at FPG, believes that: Oil demand mainly fell in the third quarter of 22, and the data showed a decline in China’s oil demand due to a decrease in liquidity and manufacturing activities due to zero policy restrictions, and a slight slowdown in China’s oil demand. In contrast, due to the improvement of economic activity in some countries, non-OECD countries outside China have a higher revision. By 2022, global oil demand averaged 990.6 million per day. At present, U.S. oil drilling activities have returned to the pre-epidemic level. However, producers still face the challenges of high-cost inflation and supply chain problems, and many operators wait longer than usual for supplies and equipment in the oil area. Back to the market, today’s trading strategy empty list is the main target 77 The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

avatar

Hot

😯

-THE END-