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Precious metal market last Friday There was an undercurrent in the U.S. trading session, which led to a roller coaster-like market. Although silver's short positions increased in the European trading session, the decline was not significant. However, there was a sharp plunge in the U.S. trading session, with the lowest price reaching . Then it rose strongly to .USD, and finally closed at .USD, recording a drop of .%, leaving a long lower shadow on the daily line. Spot gold reached as low as .USD. The short sellers failed to explore further, and then rebounded to .USD. Finally, it closed at .USD, slightly down .%, and the daily line also left a long lower shadow.

Hot Interpretations

The Federal Reserve will hold a Federal Open Market Committee meeting from Thursday to Friday, and industry institutions generally point out that in view of the global major economies, especially the euro zone countries, There are no particularly important economic data releases this week, so the Federal Reserve's policy meeting will be the only focus of attention.

Analysts from TD Securities, an industry institution, pointed out that the current predictions from all walks of life in the market are that the Federal Reserve will announce an interest rate hike in the early morning of Friday (June 2) Beijing time, with a half chance of raising interest rates and a half chance of not raising interest rates. No situation can be regarded as a particularly big surprise, but this in turn means that no matter what situation occurs, nearly half of investors will always make the wrong bet. Therefore, after the Fed’s decision is released, regardless of whether there is an interest rate increase Decision, changes in global market conditions are inevitable.

The agency also pointed out that compared with whether the Federal Reserve cuts interest rates, the explanation given by Federal Reserve Chairman Yellen on the decision to raise interest rates or not to raise interest rates in the subsequent press conference speech, as well as the next step The disclosure of policy trends will have a more important impact on market trends.

In fact, if the Federal Reserve really raises the federal funds rate, it means that its decision-makers believe that the current pressure of capital outflows faced by developing economies around the world will not affect the whole body. With such a hint, the policy easing expectations of other central banks, including the European Central Bank and the Bank of Japan, will also decline.

In addition, it should be noted that the Federal Reserve meeting will be held from Wednesday to Thursday (Monday) local time, instead of the usual Tuesday to Wednesday, so the Fed’s interest rate decision will be held in Beijing time It will be released in the early morning of Friday (Sunday), please pay attention to it.

Technical Analysis

Technically, there is still demand for silver to fall further. The reason why there has not been a sharp decline is that firstly, there is a lack of a suitable opportunity in the news; secondly, Technically, the US dollar faces strong support. The current daily moving average and the daily moving average are still glued together, but the suppression of the daily moving average has approached the silver price. This price is also the position where the author has repeatedly recommended shorting. Today, it can still be seen on the daily moving average. The moving average is the US dollar. Once it breaks below the US dollar, you can increase your short position and stop the loss. The target is towards the US dollar.

Spot gold is still under the pressure of short sellers, and the arrangement of short sellers in the moving average system has not changed at all. Under the strong pressure of short sellers, it is only a matter of time that the support level of the US dollar below is broken. Today It is recommended to go short if the price is above the U.S. dollar, stop loss in the U.S. dollar, and target the U.S. dollar. After breaking the U.S. dollar, you can see further U.S. dollars.