Shenzhen Haichuan Silver Precious Metals Trading Center

Shenzhen Haichuan Silver Precious Metals Trading Center investment hotline, real-time market analysis, all market breakthroughs, professional investment solutions, accurate online orders, sincerely recruiting personal agents, the US dollar index on behalf of the company continued to decline yesterday, and the intraday low reached its lowest level since the non-agricultural sector on March 21. All gains have been given back. In the past two days, there have been no major remarks or data from the United States that have had a major impact on the market. The dollar has limited intraday fluctuations against a basket of currencies. The main explanation for the dollar's decline is still the market's cooling of expectations for the Federal Reserve to raise interest rates in the medium term. Although last week The and non-farm data show that the U.S. job market remains strong, but the preliminary value of U.S. non-farm productivity in the second quarter released on Tuesday dropped by . stop moving forward. Coupled with the dovish stance of the committee members at the latest meeting and the mixed results of a series of U.S. economic indicators led by it, people's remaining thoughts on raising interest rates within the year have been postponed to September. Yesterday, former Federal Reserve Chairman Ben Bernan published an article stating that investors should not focus on the tone of Federal Reserve officials, but should pay more attention to economic data. Bernan believes that the market should observe the three major indicators of the Federal Reserve's long-term assessment. Let’s look at the course of future interest rate increases, namely output growth, unemployment and the federal funds rate. He also pointed out that 2019 will be the most difficult year for the Fed's policy expectations. After raising interest rates for the first time in nearly a decade last month, Federal Reserve members once expected to complete four interest rate hikes this year. However, it currently seems that it is very likely that they will not be able to complete even one interest rate hike this year. It is expected that the time for the next interest rate hike may be Postponed to month and year.

In addition to expectations of interest rate hikes, monetary policy expectations and short-term interest rate differentials have also exerted pressure on the U.S. dollar. Commodity currencies such as the Australian dollar, New Zealand dollar and Canadian dollar have all been stronger than the U.S. dollar recently. Technically, the U.S. dollar index hit the lower Bollinger Bands yesterday, and was effectively supported by the daily moving average. Today we need to pay attention to initial applications and the monthly rate of the US monthly import price index. In the short term, the US dollar index has resistance above and support below.

The international spot gold price continued to rise yesterday. After reaching the USD/oz price in Tokyo during the Tokyo session, it once reached as high as USD/oz in early European trading, and then fell back due to the pressure of a large number of selling orders. As of today's Asian market opening in early trading, it is temporarily quoted at .USD/oz. In the short term, gold prices are still supported by poor U.S. economic data and weakening expectations for the Federal Reserve to raise interest rates. Although U.S. economic data has improved recently, it has still not reached the Fed's target for raising interest rates. Earlier today, the Federal Reserve Bank of New Zealand also followed the Reserve Bank of Australia and the Bank of England and became the third country to cut interest rates in recent weeks. Low interest rates around the world The environment remains the same, and gold remains an indispensable option in the investment portfolio. Some analysts pointed out that after the strong non-agricultural data in the United States was released last Friday, gold selling orders did not emerge in large numbers. Investors are still interested in buying, and investment sentiment remains extremely positive. Since the beginning of the year, investors have bought nearly tons of gold on average every month. The highest net inflow was tons in May and the lowest was tons in May. It seems that this general trend of increasing holdings will continue. As of March 1, the gold holdings of the world's largest gold exchange-traded fund remained unchanged from the previous trading day, at . tons. It decreased by . tons in the previous two trading days.