EUR/USD 1.16348
-0.176%
Gold 4536.83
-0.642%
Oil 102.581
0.559%
USD/JPY 159.000
0.095%
GBP/USD 1.34021
-0.227%
GBP/JPY 213.097
-0.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 19th, futures market news reported that recent rainy weather in producing areas has limited corn shipments for most traders, leading to a temporary tightening of effective supply. Some companies have slightly raised prices to encourage purchases. While some traders in producing areas still have sales needs after the weather improves, downstream companies are focusing on the new wheat harvest and awaiting relevant policy grain auctions, resulting in weak enthusiasm for corn purchases. However, the trading sector is supported by costs and has limited acceptance of low prices; therefore, mainstream market prices are expected to remain stable in the near term.Hong Kong-listed auto stocks fluctuated and weakened, with NIO-SW (09866.HK) falling more than 5% in the afternoon, Li Auto (02015.HK) falling more than 4%, and XPeng Group (09868.HK), Leapmotor (09863.HK) and others following suit.May 19th Futures News: Economies.com analysts latest view: Spot silver prices fell in recent intraday trading after failing to break through the $78.35 resistance level, which remained firm, causing prices to retreat again. This movement occurred against the backdrop of a clear corrective bearish wave dominating the market in the short term. Meanwhile, the 50-day moving average (EMA) continues to exert negative dynamic pressure on prices, with spot silver prices consistently below it, further reducing the likelihood of a full rebound in the short term. Furthermore, the Relative Strength Index (RSI) has begun to show a negative crossover after the price action became extremely overbought, indicating a bearish divergence signal, which increases the probability of continued selling pressure and further declines.May 19th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices have been volatile in recent intraday trading, attempting to accumulate upward momentum to help break through the key resistance level of $104.00. Under the influence of the dominant short-term bullish trend, prices continue to benefit from trading above the 50-day EMA, providing dynamic support and enhancing the possibility of further gains. This performance is attributed to the easing of overbought conditions previously indicated by the Relative Strength Index (RSI), which is now beginning to release new positive signals supporting the upward price movement. This further strengthens the positive momentum around the price and increases the probability of attempting to break through the current resistance level.May 19th, Futures News: Economies.com analysts latest view: Brent crude oil futures have experienced significant volatility during recent trading sessions, primarily constrained by the solid support at the key resistance level of $109.00. Currently, the price is attempting to accumulate upward momentum to break through this resistance and continues to trade above the 50-day EMA, further strengthening the short-term bullish trend and overall stability. Simultaneously, the price is moving along a support trendline, further solidifying the upward bias. Furthermore, after the previous overbought condition eased, the Relative Strength Index (RSI) has begun to show a positive golden cross signal. If momentum continues to strengthen, this signal is expected to provide support for further price increases.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


截屏2022-04-07 上午9.59.45.png

Suggestion