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Fundamentals
Although there was a lack of major data yesterday, the precious metals market was not calm. German media said that Greece may request a new round of financial assistance from international creditors at the beginning of the year. Affected by this news, the euro weakened, and Serie A prices showed a second upward trend, rising in sync with the US dollar index.
Important data from Europe and the United States will be released one after another during the day. European data may continue its recent strong performance, which will be good for Siri Bulk. The market’s expectations for U.S. data are also not bad. If the data is in line with expectations, Siri Bulk may rise. Falling back, the trend first rises and then falls. During the day, the main focus will be on the German monthly Z economic prosperity index and the monthly industrial output rate of the Eurozone.
Technical aspect
The power of Xirui bulk bulls broke out, and they chose to make efforts before the release of major data this week, which was unexpected. In the market outlook, if Xirui bulk effectively breaks through the lower track of the early consolidation platform, it will establish a bullish breakthrough trend. However, it will also depend on the performance of important data during the week. In addition, compared with gold, Xirui bulk has increased more, and the upper part is facing the low level of the early consolidation platform
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