[9.15 Zhishui Precious Metals Morning Review] the market expects the Fed's interest rate resolution to ease precious metals may start to rebound.

Published: Sep 15, 2020 08:01

SMM9 March 15: I. macroeconomic policy changes:

1. Us non-farm payrolls rose by 1.371 million in August and are expected to increase by 1.35 million; the unemployment rate is 8.4 per cent and is expected to be 9.8 per cent; and wages are expected to grow at an annual rate of 4.7 per cent and 4.5 per cent.

two。 Last Thursday, 1915, the European Central Bank announced interest rate decisions to keep the current policy unchanged as scheduled, but pointed out that the emergency anti-epidemic bond purchase program (PEPP) will become flexible.

two。 Market performance:

Gold rose slightly in the previous session, with a high of $1962 / oz and a low of $1937 / oz to close at $1956 / oz.

three。 Position analysis:

Gold and silver CFTC non-commercial net long positions are in the middle and high level, and the risk of long positions is gradually accumulating.

Fourth, technical analysis:

5. Focus on Today

Six. direction suggestion:

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