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The Fed is in trouble with internal and external affairs, coking coal is back to low
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: The Fed is in internal and external difficulties, and coking coal is back to low". Hope it will be helpful to you! The original content is as follows:
Yesterday, the US dollar index market opened at 98.687 in the morning and then rose slightly. The market fluctuated strongly and fell. The weekly line was at the lowest point of 97.923 and then the market consolidated. The weekly line finally closed at 98.267 and then closed in a spindle-like pattern with an upper and lower shadow line. After such a pattern ended, the US dollar index market was under pressure to continue to fall this week.
Shanghai copper market opened at the 78416 position last week and then fell back. The market fluctuated strongly. Zhou Xia reached the highest point of 79023 position and then consolidated. After the weekly line finally closed at the 78930 position, the weekly line closed with a medium-positive line with a long lower shadow line. After this pattern ended, the stop loss of 78650 was over 78450 this week, and the target was 79050 and 79300 and 79500.
The market of rebar 01 opened at 3261 last week and then fell first. The weekly line was at the lowest point of 3220 and then the market rose rapidly. The weekly line reached the highest point of 3335 and then the market consolidated. After the weekly line finally closed at 3274, the weekly line closed in a spindle pattern with an upper shadow line slightly longer than the lower shadow line. After this pattern ended, this week, the target below the 3320 short stop loss 3350 is 3300 and 3270 and 3250 and 3235
The corn 11 market opened at the 2232 position last week and the market rose slightly. The market fluctuated and fell. The weekly line was at the lowest point of 2193 and then the market consolidated. After the weekly line finally closed at the 2203 position, the weekly line closed with a large negative line with a long lower shadow line with a long lower shadow line. After this pattern ended, the short stop loss of 2235 this week, the target below was 2193, and the market fell below.
The soybean meal 01 market opened at 3034 last week and the market slightly fell back to 3032 position. After the market opened and rose, the weekly line reached the highest point of 3101 and then the market consolidated. The weekly line finally closed at 3094 and then the market closed with a medium-positive line with a slightly longer upper shadow line. After this pattern ended, the weekly market stopped losing 3050 this week, with a target of 3100 and 3120 and 3145-3165.
PTA01 market opened at 4784 last week and the market rose slightly, and then the market fluctuated and fell. The weekly line was at the lowest point of 4702 and then the market consolidated. The weekly line finally closed at 4723 and then the market closed with a slightly longer mid-yin line. After this pattern closed, the short stop loss of 4770 this week, 4750 is 4770, the target below is 4723 and 4700, and the break below is 4680 and 4660.
The coking coal 01 market opened at 1099.8 last week and the market fell slightly. After giving the position of 1064.4, the market rose strongly. The weekly line reached the highest position of 1256 and then the market fluctuated and fell. The weekly line finally closed at 1213 and then closed with a large positive line with a lower shadow line slightly longer than the upper shadow line. After this pattern ended, the stop loss of more than 1150 this week is 1100. The target is 1210 and 1260 and 1300-1350.
The fundamentals, the fundamentals of last week. The US President and the Russian President will meet in Alaska on August 15. The focus of the meeting was on the discussion of plans to achieve long-term peace in Ukraine. The U.S. president announced the nomination of Stephen Milan, chairman of the White House Economic Advisory Council, as the Federal Reserve, to succeed Fed Director Kugler, whose term expires next January. MilanoIt can become another voice in supporting loose policies, strengthening market expectations for the Federal Reserve to cut interest rates this year. The U.S. president announced on Wednesday that it would impose 100% tariffs on imported semiconductor chips, but would provide exemptions to eouu.cnpanies such as Apple that promised to invest in the United States. This policy is seen as a major victory for Apple and also marks a new stage in the US government's strategy of "using tariffs to promote return". The Bank of England announced its fifth rate cut since August 2024 this week, reducing the policy rate from 4.25% to 4%, but internal differences were serious. The Monetary Policy eouu.cnmittee held two interest rate votes for the first time to determine the policy. Governor Bailey and four colleagues supported the rate cut, while four members opposed it because of concerns about high inflation, including Deputy Governor Lombardley and Chief Economist Peel. The fundamentals of this week are still crucial, and we will pay attention to China's total social electricity consumption in July on Monday. On Tuesday, the RBA announced its interest rate decision at 12:30. At the evening, the United States has not adjusted its CPI annual rate in July at 20:30, and the previous value of 2.8% is expected to be 2.7%. We focused on the 22:30 U.S. to August 8th week and the EIA crude oil inventories in Cushing, Oklahoma, and the U.S. to August 8th week and the U.S. to August 8th week. On Thursday, we will pay attention to the initial value of the second quarter GDP annual rate of the UK at 14:00, and look at the correction of the second quarter GDP annual rate of the euro zone at 17:00 in the evening. The number of initial unemployment claims for the United States to August 9 in the week from 20:30 to August 9 and the annual rate of the US PPI in July. On Friday, we focused on the monthly rate of retail sales in the U.S. at 20:30, the U.S. New York Fed Manufacturing Index in August and the U.S. import price index in July. This round is expected to be 0.5%.
In terms of operation, Shanghai copper has been continuously: 78650 more than 78450 this week, with a target of 79050 and 79300 and 79500.
Rebar 01: 3320 short stop loss this week 3350, 3300 and 3270 and 3250 and 3235
Corricane 11: 2215 short stop loss this week 2235, 2193, 2175 and 2150-2135.
Soybean meal 01: 3070 short stop loss this week 3050, 3100 and 3 120 and 3145-3165.
PTA01: 4750 short stop loss this week 4770, the target below is 4723 and 4700, and the target below is 4680 and 4660.
Coking coal 01: 1150 stop loss this week 1100. The target is 1210 and 1260 and 1300-1350.
The above content is all about "[XM Foreign Exchange Decision Analysis]: The Fed is in trouble, and coking coal falls back to low long", which is carefully eouu.cnpiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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