Analysis of gold news: Last Saturday (January 13), the U.S. dollar index swung sideways at the 102.43 weekly line. The U.S. consumer price index (CPI) exceeded expectations, but PPI was lower than expected across the board. The confusing signals caused bulls to give up gains before the weekend. , failed to successfully hold the buying order. The United States and the United Kingdom launched joint air strikes against the Houthi armed forces, and the President of the United States warned of further actions, which stimulated the risk aversion sentiment in gold. The price of gold stabilized at $2,050 and sounded the clarion call for counterattack. Looking ahead to next week, retail sales data from the U.S. and elsewhere will put retailers’ inventories in focus. From a macro level, these data may help the Fed decide whether to choose to cut interest rates early or later. USD traders will be looking for a big beat or miss to move the market. Gold investors will also be watching all of this retail sales data to gauge the health of global consumers. Although Thursday’s U.S. CPI showed an unexpected acceleration in consumer inflation, U.S. PPI fell faster than market models predicted and producer-level inflation continued to slow. Data show that the U.S. non-seasonally adjusted CPI annual rate recorded 3.4% in December, a new high since September 2023; The U.S. non-seasonally adjusted CPI annual rate recorded 0.3% in December, a new high since September 2023. The annual rate of unseasonally adjusted core CPI in the United States dropped slightly to 3.9% in December, while the monthly core CPI rate in the United States remained at 0.3%. Economists believe that compared with the overall CPI, the core indicator can better measure inflation trends. . U.S. spending on home, electric and motor vehicle insurance increased. Used car prices rose for a second straight month, defying expectations for a decline. But before the weekend, PPI data cleared the way for an interest rate cut.
Today’s gold strategy: It is recommended to focus on low and long callbacks, supplemented by rebounds from high altitudes. At the top, focus on the 2065 first-line resistance, and on the bottom, focus on the 2035 first-line support.
Analysis of crude oil news: In the US market last Friday (January 12), crude oil prices were trading around US$72.80 per barrel. Although oil prices were affected by various factors, they experienced violent fluctuations last Thursday and once returned to highs. Withdrawn nearly 3%, but European and American oil prices rebounded again after settlement to recover most of the losses and closed at high levels. On January 11, the United States released the December CPI. The data showed that the US inflation data was higher than expected, which weakened the prospect of a sharp interest rate cut by the Federal Reserve in 2024. The dollar strengthened and crude oil fell in the short term, but it soon strengthened again because there were more important factors. Influencing factors have contributed to the rise in oil prices. As the geopolitical turmoil in the Middle East resumed, oil prices rebounded again to regain lost ground. The ST NIKOLAS oil tanker carrying 1 million barrels of Iraq was seized by Iran in the Gulf of Oman. Iran seized the ST NIKOLAS oil tanker in retaliation for “the United States stealing oil” “. The recent friction between the United States and Iran and the Houthi armed forces in Yemen that it supports has gradually heated up, and geopolitical factors continue to disturb the market. Affected by this, oil prices rebounded sharply on Thursday. However, during this period, oil prices were still affected by negative news such as the resumption of production in Libyan oil fields and fell back to a high of nearly 3%. This performance also showed the current chaotic situation in the crude oil market and the hesitation of investors’ views. Oil prices are within a converging narrow range of fluctuations, and there has been no continuous unilateral market trend. However, as time goes by, after multiple rounds of repeated testing by long and short parties, the possibility of breaking the deadlock is increasing. As oil prices Strengthening, the monthly difference remains stable, and refined oil cracking profits are recovering. From the overall oil market situation, the probability of oil prices choosing to continue to attack the upper resistance is greater at this stage. Participate with caution and pay attention to the rhythm.
Today’s strategy sharing for crude oil: It is recommended to focus on rebounding from high altitudes, supplemented by low and long corrections. Focus on the first-line resistance of 74.1 at the top and the first-line support of 71.1 at the bottom.
Caution is required in operation and suggestions are provided for reference.
