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Futures News on April 24, Economies.com analysts latest views today: On April 24, Brent crude oil futures closed in the downward zone during the day, affected by the short-term breakout of the bullish correction bias line, leading to its test of the key support level of $65.00. This support level formed the neckline of the double top pattern, which is a negative technical pattern, further enhancing the effectiveness of this support level, while being supported by the 50-day exponential moving average (EMA50).Futures News on April 24, Economies.com analysts latest view today: WTI crude oil futures showed a bearish trend, and prices are still biased downward in recent intraday trading. The price relies on the key support level of $61.50, and is also supported by the EMA50 moving average, which enhances the effectiveness of the support level and temporarily helps stabilize oil prices.Futures news on April 24, Economies.com analysts latest views today: Spot gold rose sharply in the last intraday transaction of the day, thanks to the stability of the key support level of $3,300. At the same time, it was supported by EMA50, forming double support, further enhancing its bullish momentum of rebound.Toyota Motor: The parent companys global automobile production in March increased by 9.1% year-on-year to 880,476 units.On April 24, WeBank announced that it plans to adjust the annual interest rate of personal deposit products from April 29. After the adjustment, the annual interest rates of 5-year, 3-year, 2-year and 1-year time deposits are all 1.60%; the annual interest rates of 3-year, 2-year, 1-year and 6-month large-denomination certificates of deposit are all 1.60%. According to the banks APP, the annual interest rates of 5-year, 3-year, 2-year, 1-year, 6-month and 3-month time deposits were 2%, 2%, 2%, 1.8%, 1.60% and 1.4% respectively. In other words, WeBanks 5-year, 3-year and 2-year time deposits have all been reduced by 40BP, and the 1-year term has been reduced by 20BP. After this interest rate cut, the 5-year deposit rate has begun to approach that of large state-owned banks, and some term deposit rates are even lower than those of joint-stock banks.

Look at $1727 under the international gold price

Oct 26, 2021 10:59

On Wednesday (October 6), international gold prices continued to fall, as the dollar’s strength and the rise in the yield of US 10-year Treasury bonds weakened the attractiveness of gold. Investors focused on US non-agricultural employment data later this week.

At 14:14 GMT+8, spot gold fell 0.37% to US$1753.79 per ounce; the main COMEX gold contract fell 0.40% to US$1753.0 per ounce; the US dollar index rose 0.15% to 94.126.


The 10-year U.S. Treasury yield hit a high of 1.571% since June 18, and the US dollar is close to 94.504, the highest point since September 28 last year recorded last week, weakening the attractiveness of gold to holders of other currencies.

David Meger, director of metal trading at High Ridge Futures, said that the dollar and U.S. bond yields have risen after a slight correction in the past few days, as well as the stock market rebound, which is driving down gold prices.

Friday (October 8) US employment data is expected to show that 470,000 new jobs will be added in September. This data is critical to the timetable for the Fed to cut its economic support.

On the daily chart, the price of gold has started a three-wave downward trend from US$1770. The support below looks to the 23.6% target of US$1744 and the 38.2% target of US$1727. Wave 3 is a sub-wave of the downward (3) wave that started at $1834. (3) Wave is a sub-wave of the downward ((Y)) wave that started from 1917 USD. The ((Y)) wave belongs to the adjusted IV wave that started at $2,075.

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