【U.S. Dollar Index】
In terms of the U.S. dollar index, the U.S. dollar index generally fell as expected on Tuesday. The price rose to a high of 104.774, a low of 104.436 and a close at 104.442. Looking back at the price performance of the U.S. index on Tuesday, the U.S. index first fluctuated after the opening yesterday morning, and then the price was weak and under pressure again during the U.S. market, and fell below the low point of the morning. Short-term daily support in the 104.20-30 range support, above the 104.90 area is the weekly level resistance, the follow-up price will only open the space again after breaking this range, before the breakthrough temporarily focus on the internal operation, today temporarily focus on the daily support upward, follow-up attention to the weekly resistance gains and losses, at the same time today's interest rate decision and Powell held a monetary policy press conference, conservatives can see more today and move less, and then participate after the release of the data.
The U.S. index is in the range of 104.20-30, defending $5, and the target is 104.90-105.10
【Gold】
In terms of gold, gold prices generally showed a state of rising and falling on Tuesday, with the highest price rising to 2412.71 on the day, the lowest falling to 2376.35, and closing at 2410.73. Looking back at Tuesday's gold market performance, the price rose again after the morning opening after a correction, and then broke through the 2385 position, and the price also tested the 2410 area as scheduled, just entering the market for the short arranged yesterday. At present, the price is running in the daily resistance and weekly support range. In the short term, the price is expected to further test the 2380 and 2365-2353 areas if it breaks down for the time being, and the price is expected to further test the 2380 and 2365-2353 areas. Today will usher in ADP data and the Federal Reserve's interest rate decision and Powell's monetary policy press conference, and today is also the last closing day in July, so pay attention to market risks today.
Gold 2394 as a long-short watershed,
Radicals: 2430-2431 range today, $10 defensive, target 2410-2394 (break focus 2380-2365-2353)
Conservatives are more short and less active in the day, and they will be laid out after the release of follow-up data
【Europe and America】
In Europe and the United States, prices in Europe and the United States generally showed a decline on Tuesday. The price fell to a low of 1.0797 and rose to a high of 1.0835 and finished the day at 1.0814. Looking back at the performance of the European and American markets on Tuesday, the price came under pressure after the short-term shock after the morning open, and the daily level price ended in a negative state again. At present, the overall price is still in the daily resistance and weekly support range operation, an hour on the price divergence, so for the time being, cautious chasing short, at the same time, today is also a lot of important data announced, so today's operation first expand the operation space treatment, conservatives can also wait for the data to be released and then layout.
Europe and the United States 1.0860-70 range empty, defense 40 points, target 1.0840-1.0800
【Today's key economic data and events】Wednesday, July 31, 2024
(1) 09:30 China's official manufacturing PMI (July).
(2) 09:30 Australia Q2 CPI YoY
(3) 09:30 Australia weighted CPI annual rate for June
(4) 11:00 The Bank of Japan announces its interest rate decision and outlook report
(5) 14:30 Bank of Japan Governor Kazuo Ueda holds a press conference
(6) 14:45 France CPI (July).
(7) 15:55 Germany's seasonally adjusted unemployment and unemployment rate in July
(8) 16:00 Switzerland ZEW Investor Confidence Index (July).
(9) 17:00 Eurozone preliminary CPI YoY and MoM in July
(10) 20:15 United States ADP employment in July
(11) 20:30 Canada's May GDP MoM
(12) 20:30 United States Q2 Labor Cost Index QoQ
(13) 21:45 United States July Chicago PMI
(14) 22:00 United States Existing Home Sales Index for June MoM
(15) 22:30 United States EIA crude oil inventories for the week to July 26
(16) 22:30 United States EIA Cushing crude oil inventories for the week ending July 26
(17) 22:30 United States EIA Strategic Petroleum Reserve inventories for the week to July 26
(18) At 02:00 the next day, the Federal Reserve announces its interest rate decision
(19) At 02:30 the next day, Fed Chairman Jerome Powell held a press conference
Note: The above is only a personal opinion strategy, only for review and exchange, does not give any investment advice to customers, has nothing to do with customers' investment, and is not used as the basis for placing orders.