Summary
[Luzheng Futures: The short-term reaction of the U.S. dollar and gold is a bit overwhelming]Luzheng Futures pointed out that the recent Fed’s increase in the reverse repurchase rate has achieved the effect of recovering short-term liquidity, and the U.S. dollar has rebounded sharply as a result. However, before the Fed completely ends its easing policy, it is difficult to completely change the liquidity situation in the market, and the basis for the continuous rise of the US dollar and interest rates does not exist. The short-term reaction of the U.S. dollar and gold is a bit excessive, and they are near important trend lines, so it is not appropriate to continue chasing short. (Zhitong Finance)
Luzheng FuturesPointed out that in the near futureMidlandReserve up-regulation inverseRepurchaseinterest rateAchieved the effect of recovering short-term liquidity, and the dollar rebounded sharply.But inMidlandUntil the end of the easing policy, the loose liquidity situation in the market will be difficult to completely change. The dollar and theinterest rateThe basis for continued recovery does not exist. The short-term reaction of the U.S. dollar and gold is a bit excessive, and they are near important trend lines, so it is not appropriate to continue chasing short. Waiting for confirmation of the continuous improvement in the US job market may be the time for the downward trend of gold prices.
(Source: Zhitong Finance)
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