Henan Yuntu Bulk Commodity Consultation - Merchants Hotline Online Recruitment Agent Commission Daily Rebate Retail Account Opening Rebate Commission Rebate In time, the gap will become larger. At the beginning of the month, the realization of personal financial investments was outstanding, but the market remained cautious about U.S. economic growth expectations. Consumers believe their current financial situation is the best since annual cyclical highs due to rising wages. The outlook for inflation-adjusted income growth is also the most favorable since the year's peak.
The Michigan Consumer Confidence Index is a regular survey and corresponding assessment conducted by the Survey Research Center of the University of Michigan on consumers' views on their personal financial situation and the national economic situation. The consumer confidence index is an indicator that reflects the strength of consumer confidence in a country's economy. Bond markets generally view this as a negative when consumer confidence rises and a fall in prices in the stock market as a positive.
The weekly report released by the U.S. Commodity Futures Trading Commission on Friday (July 2) showed that hedge funds and fund managers increased their net long positions in gold but reduced their net long positions in silver in the week ended on July 2. Specific data shows that gold speculative net long positions increased sharply in the week ending March 31. Silver speculative net long positions have been reduced for four consecutive weeks since hitting a record high at the beginning of the month.
On the weekly chart, international gold opened at . On Monday, the market surged higher and then fell back and corrected. On Tuesday, the market increased the adjustment range and retreated to the lowest level. Then the adjustment was completed and it turned positive again. The daily chart ended with three consecutive negative waves. Dayang closed the line. Although the economic data released by the United States are improving, international gold is expected to continue to rise due to the decline in global stock markets and the decline in U.S. bond yields. With the British referendum approaching, Brexit sentiment is getting higher and expectations for the Federal Reserve to raise interest rates have dropped to freezing point.
In terms of the moving average on the hourly chart, the sharply positive non-agricultural data at the beginning of the month caused the price to deviate significantly from the short-term moving average. The adjustments in the first two trading days of last week completed the step back to the short-term moving average, and then the entire market price relied on the trend. The short-term moving averages are moving higher in an orderly manner. We cannot yet consider the bull rally to be over without the retracement breaking below short-term moving average support. The US dollar, which was tested the highest on Friday night, cannot break through to create pressure and retracement. The US dollar will be the best point for market entry again, so the intraday operation space is locked - range execution is enough.
Monthly Asian and European trading operation suggestions:
London Gold: Upper pressure, lower support,,
London Silver: Upper pressure. Lower support
Henan Yuntu bulk commodity investment rebates