Market Reviews of the Previous Day:
During NY session on 23th, the euro against USD is affected by various factors. Weak economic data raised market concerns about the global economic slowdown dragged down the euro suffered heavy losses, but the Greek EU / IMF austerity program on the news of an agreement to support the euro. The overall market is continued the previous technology.
GMT+8 16:00 Germany IFO business climate index (June)
GMT+8 17:30 England central bank monetary policy at a press conference
GMT+8 20:30 America Durable Goods Orders (May)
GMT+8 22:00 America before the first quarter GDP revised value of 1.8% / year
Gold:
Investors should note that the support will be at USD 1,511, if it breaks this point then the price fluctuations will be down. The lower support will be USD 1,463. However, observe from the recent pace, repetition will be still occurred.
When there is no change under the long term upward movement, the overall rhythm is running on a wide shock.
Trading suggestions:
After breaking the point of USD 1511, the price will move downward and the lower support is USD1463. Investors should pay attention to buy in before it.
During NY session on 23th, the euro against USD is affected by various factors. Weak economic data raised market concerns about the global economic slowdown dragged down the euro suffered heavy losses, but the Greek EU / IMF austerity program on the news of an agreement to support the euro. The overall market is continued the previous technology.
June 23, International Gold closed sharply low, inflation fears ease and the USD trading by hedge push up. The market is moving down after the important technical position.
Key Economic Data and Events:GMT+8 16:00 Germany IFO business climate index (June)
GMT+8 17:30 England central bank monetary policy at a press conference
GMT+8 20:30 America Durable Goods Orders (May)
GMT+8 22:00 America before the first quarter GDP revised value of 1.8% / year
Gold:
Gold opened at 1548.63 USD on 23 Jun, with intra-day Low at 1512.85 USD and intra-day High at 1548.98USD, eventually closing at 1521.06USD. Intra-day range of 36.13USD was seen.
On Thursday the price of gold in the pre-mentioned channel suppression of a substantial decline, the International Energy Agency (IEA) accidental release of strategic oil reserve has come down so that investors expected inflation to heat up. Meanwhile, the USD sharply moving higher then gold price has exacerbated the downward pressure.Investors should note that the support will be at USD 1,511, if it breaks this point then the price fluctuations will be down. The lower support will be USD 1,463. However, observe from the recent pace, repetition will be still occurred.
When there is no change under the long term upward movement, the overall rhythm is running on a wide shock.
Trading suggestions:
After breaking the point of USD 1511, the price will move downward and the lower support is USD1463. Investors should pay attention to buy in before it.
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