The Friday market focused on the U.S. April non-farm payrolls report, which released 160,000 people significantly below expectations and values, the dollar fell after the data was released, but after the Fed officials issued the hawkish comments that led to a rebound in the dollar, the impact of the decline in gold after a slow fall. Crude oil eventually closed in the last Friday, although news of a glut of oil remains, but the latest data suggest that U.S. crude oil production continues to decline, and that wildfires in Canada's oil-producing regions still affect oil and gas output.
The dollar fell after non-farm data was released, but then the Fed's three-handed Dudley of hawkish rhetoric propped up the dollar. Dudley, the New York Fed chairman, told the New York Times that the April non-farm payrolls report may have been slightly weaker than expected, but we will not value the April US nonfarm payrolls report, which is expected to increase two times in 2016. The FOMC may see whether the May report is weak, but it will need to wait another one months before the answer is announced.
The jobless report, which was weak but not sharply off expectations, was the weakest growth rate in September 2015, less than expected, meaning the US economy began to slow earlier this year, keeping businesses cautious about hiring, but the US employment report did not deviate sharply from expectations and the US job market would gradually improve. A series of disappointing U.S. economic data, including the April non-farm payrolls report, investors need to understand that interest rates will remain low for a long time, and that the US will almost never fall into recession.
Spot gold Technical Analysis: Last week, gold charge high cross candlestick, the overall amplitude of about 30 dollars, the short-term will focus on the intersection of the judgment is the peak cross or high-level adjustment cross K, will be the trend of the future market direction, the daily line, Bollinger bands, the candlestick to maintain the upper rail and 10th moving averages between the finishing, Short-term trend slightly strong, can be appropriate back to buy up, 4 hours on the line, Bollinger bands signs, short-term candlestick by the upper rail near the suppression, under the support of the middle rail, in the morning there is expected to fill the gap, the MACD 0 axis near the formation of signs of gold, short-term can be appropriate to do long, comprehensive This week the upstream will focus on the 1303 near suppression, once broken bit will be expected to further higher, the downside concerns 1268 support, break not ruled out will change the recent upward trend, short-term will be expected to test the next $1255 below, for intraday short-term upward focus on 1298/1300 near suppression, below the attention 1282/ 1277 support, Huang Lichen is expected to adjust the price of gold in the day, it is recommended to operate within the range.
Spot gold part operation suggestion:
1, lower down 1282-1280 line long, stop 4 points, the target to see 1290-1292 line
2, above 1298-1300 line short, stop loss 1303, the target back to see 5-8 points of profit
Ningui Asphalt Technical Analysis: Last week, asphalt weekly line level to receive the Middle Yin Line, short-term by the 5th moving average support, trend on the upward finishing, on the daily Line, Brin openings, the morning of jumping empty Gaokai up the trend, the day chart short-term does not appear the obvious peak signal, short notice on the 10th average support, MACD index adhesion, short 4 hours on the line, Bollinger bands, short-term candlestick to break through the upper rail suppression, short-line by the pressure of 3393, 3758 of the upward trend of the formation of suppression, the lower moving average system in the vicinity of 4280 Strong support, short-term on the upward finishing, suitable for every low long, comprehensive view, the recent candlestick continuous maintenance of the regular upstream Short-term upstream will focus on last week's high 4450 near the suppression, once the break does not rule out short-term there is a further rise in the potential of the early highs, and trend suppression has moved up to 4640 near, the downward side of the support for 4300/4280, day operation Huang Lichen recommendations can be taken not broken high before every high short, break the trend to buy up and reasonable control of risk.
Spot asphalt (ning expensive) some operation suggestions:
1, the current 4420 short, broken 4450 stop loss, the target to see around 4300
2, first touch 4300-4280 line long, stop loss 4270 below, the target to see 60-80 points profit can
Huang Lichen: The Golden Zone adjusts the pitch to sell short
