"Blue Moon Collection" Market analysis

"Blue Moon Collection" Market Analysis

The US Comex August gold futures prices fell $17.00 in Wednesday (July 20), down 1.28% to $1315.30/oz, and gold fell to its lowest level in three weeks, as most corporate earnings backed the Dow's record highs, while the dollar hit its highest level in four months. The US has released strong economic data, raising expectations that the Fed would raise interest rates before the end of the year.

Wednesday (July 20), European trading session, the British to May three months after the ILO unemployment rate fell to the lowest level since 2005, Sterling received some support, short-term rise, and rose to intraday highs. Recent US economic data have been good, market risks are strong, the Fed's interest rate hike is expected to rise again during the year, and the dollar index has continued to spike in European trading sessions. Meanwhile, the dollar continued to rise against the yen, rising to nearly one-month highs, as risk aversion subsided, the Fed's interest rate hike was expected to rise, and Japan's easing expectations persisted. The dollar rose against the dollar in the early days of the US-led rally and oil price plunge, but a sharp rebound in oil prices has brought down its pressure. EURUSD continued to be under pressure before the ECB's monetary policy meeting arrived. The strength of the dollar and the retreat of market risk-aversion also led to a fall in gold prices.

Technical analysis, the day line on the beginning of the operation of the Bollinger bands, the following strong support 13,001 lines, 4 hours upper Bollinger band openings, MA average pressure downward, the morning below the minimum touch of 1310 near, from the overall average and boll on the short performance slightly obvious, the above-term attention resistance level 13,161 line, Sub-plate period to maintain a range of operations can, 1316-1308, if the Asian plate breakout 13,161 line in the consideration of maintaining a low number of operations.

"Blue Moon Collection" Market analysis