Financial data and events to focus on today
① 07:50 Japan Trading Account in March
② 20:30 The number of people claims for unemployment benefits at the beginning of the week from the United States to May 8
③ 20:30 U.S PPI monthly rate in April
④ 22:00, the Fed Barry delivered a speech
⑤ 22:30 EIA natural gas inventory from the United States to the week of May 7
⑥ 23:00 Bank of Canada Governor Mr.Tiff Macklem delivered a speech
⑦ 24:00 Bank of England Governor Mr. Bailey delivered a speech
⑧01:00 the next day, Fed Governor Mr. Christopher Waller delivered a speech
GOLD
The U.S. data showed on Wednesday that the U.S. Consumer Price Index in April increased by 4.2% from the same period last year, the largest increase in more than 12 years; the core CPI hit the largest increase since April 1982. After the report was released, the US dollar index rose strongly by more than 60 points to 90.78. Gold faced a rush of selling orders, then set a new daily high, and then sold off again and set a new daily low of US$1813.23 per ounce. Influenced by this, the three major U.S. stock indexes faced a rush of sell orders, and the panic index soared by more than 20%. From a technical point of view, H4 graph crossed the low point of 1818, and tested the support position below 1813. Currently, the indicators shows bearish sign. Overall prioritise Sell on High on fluctuation zone. The deciding point whether to buy or sell is in 1813.
Resistance：1822-1828-1835
Support：1813-1809-1800
Disclaimer: The report is speculatif and DO NOT guarantee profit. Not financial advice. Please trade at your own risk
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