Yesterday's comprehensive review:

On Thursday (November 24), the strong US economic data strengthened the market's expectation of the Fed's interest rate hike in December and pushed the US dollar to a new high of nearly 14 years, and the gold price further fell to the lowest level in nine and a half months.

At 23:18 Beijing time on Thursday, the spot gold price fell 0.1% to US $1186.60/oz; U.S. gold futures fell 0.2% to $1186.40 an ounce due to the closure of Thanksgiving and light trading in the U.S. market. Spot silver fell 0.6% to $16.25 an ounce, falling to its lowest level since June yesterday. The Intercontinental Exchange (ice) dollar index rose to its highest level in nearly 14 years on Wednesday and further strengthened. It broke through the 102 mark on Thursday, but then fell back.

International oil prices remained almost unchanged on Thursday, and the market waited for the organization of Petroleum Exporting Countries (OPEC) to meet next week to discuss the implementation of its production restriction plan. Brent crude oil January futures closed up $0.05 to $49.00 a barrel on Thursday; Us WTI crude oil futures for January rose US $0.02 to US $47.98 a barrel. Traders said investors were reluctant to make large bets because of light market trading during the Thanksgiving holiday in the United States and uncertainty about OPEC's plan to reduce production. In addition, the US dollar index broke through 102 and reached a new high in 13.5 years, which also put pressure on oil prices.

New market outlook:

Europe and America (1-hour chart line)

Due to the light trading in the Thanksgiving market, the fluctuation range in Europe and the United States is small, the dollar continues to be strong and hit a new high, and it is more likely that Europe and the United States will continue to decline in the future. The recent trading ideas remain mainly short, focusing on the support role of the early low point. Empty orders focus on the pressure position near 1.0656, and more orders focus on the support position near 1.0447.

2. Pound us (1-hour chart line)

The pound and the United States are also affected by Thanksgiving to maintain a narrow fluctuation. At present, the pound and the United States are also in a relatively stable state, with obvious upper pressure and lower support. It is possible to maintain this wide fluctuation in the short term. The operation idea is mainly interval oscillation, with empty single focusing on the pressure position near 1.2468 and multi single focusing on the support position near 1.2312.

3. Crude oil (1-hour chart line)

There was little change in crude oil price yesterday, which was mainly affected by the light trading on Thanksgiving Day. It is more likely that the subsequent trend will continue to fluctuate in the range. It is necessary to guide the direction whether the production reduction agreement can be reached in the end. The operation idea is mainly interval oscillation, with empty single focusing on the pressure position near 49.61 and multi single focusing on the support position near 47.14.

4. Gold (1-hour chart line)

Gold continued its downward trend yesterday, and the US dollar index reached a new high. The pressure on gold prices remains the same, and there is no significant change in the short term. The operation idea is mainly to vibrate and empty and wait for effective support. The empty single pays attention to the pressure position near 1191.9 and the multi single pays attention to the support position near 1157.2.

5. Silver (1-hour chart line)

The trend of silver yesterday was dominated by weak shocks, and the suppression effect of the US dollar was obvious. It is more likely to maintain the shock downward in the future. The operation idea is dominated by shock downward, and pay attention to the make-up decline. Empty orders pay attention to the pressure position near 16.43 and many orders pay attention to the support position near 15.91.

Focus on data today:

Friday, November 25, 2016

① 07:30 Japan's annual core CPI rate in October and Japan's annual core CPI rate in October

② 17:30 UK third quarter GDP annual rate correction

③ 19:00 UK November CBI retail sales margin

④ 22:45 initial PMI value of Markit service industry in the United States in November

Risk tips:

Foreign exchange transactions, contracts for differences and other margin transactions have high risks and are not suitable for all investors. You should carefully consider your investment objectives, experience level and risk tolerance. You may lose some or all of your money. Traders should clearly understand all risks associated with margin trading. If you have any questions, you can consult an independent financial adviser if necessary. The information of the consulting product comes from public data, and strive to make the content of the consulting product objective and fair. However, the views, conclusions and suggestions in this paper are only for reference.