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On April 2, the U.S. Patent Office recently granted Apple a patent for an all-glass device casing, covering Apple Watch, Mac and double-sided display iPhone design. The patent document shows that the future iPhone may use a six-sided transparent glass body, and the front, back and sides can be used as display screens.French Industry Minister: (Speaking of Trumps tariffs) Europe must show strength and not be naive.Frances industry minister reiterated that Europe would respond in a measured way to possible tariffs imposed by Trump.Futures news on April 2: 1. The trading volume of WTI crude oil futures was 958,249 lots, a decrease of 3,523 lots from the previous trading day. The open interest was 1,836,896 lots, a decrease of 2,747 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 183,942 lots, an increase of 28,118 lots from the previous trading day. The open interest was 188,972 lots, an increase of 199 lots from the previous trading day. 3. The trading volume of natural gas futures was 413,837 lots, a decrease of 48,458 lots from the previous trading day. The open interest was 1,636,177 lots, an increase of 11,561 lots from the previous trading day.Futures April 2, Economies.com analysts latest view today: Brent crude oil futures prices fell as it tried to release the overbought saturation in the stochastic indicator and a negative signal appeared. At the same time, prices are accumulating positive momentum, ready to rebound and rise again. In the short term, the upward correction trend dominates, and prices are trading along the trend line.

Does the price of gold have a bottom, or is it just a brief easing of selling pressure

Alina Haynes

Jul 08, 2022 11:58

 截屏2022-07-08 上午11.24.58.png

 

But there was no significant upward movement, no greater high than the day before, and no unmistakable sign that the current selling pressure had subsided. Instead, it appears that market investors are waiting to see what the upcoming two important data on inflation and employment will reveal.

 

The U.S. Labor Department will release the nonfarm payroll jobs data for June tomorrow, which will be the first significant report. The most recent inflationary figures will be released the next week when the BEA releases the CPI (Consumer Price Index) for the previous month. The confidence that the Federal Reserve will increase interest rates again this month is being anticipated by market players.

 

The current discussion, however, centers on whether the Fed would maintain its strong approach by simply hiking rates by 50 basis points, as opposed to implementing another 75-basis point rate hike, as it did in June. The Federal Reserve will continue to batten down the hatches as they have since March, regardless of what the employment and inflation reports show.

 

There is no disagreement, according to the FedWatch tool from the CME. This is due to the FedWatch tool's forecast that there is a 93.9 percent likelihood that the Fed would maintain its strong approach to combating inflation by implementing back-to-back rate rises of 34 percent.

 

The dual goals of achieving maximum employment and keeping inflation within a target range of 2 percent are no longer the Federal Reserve's primary concerns. Recent Federal Reserve FOMC remarks and minutes amply demonstrate the central bank's laser-like concentration on containing inflation, with full awareness that the escalating rate rises will cause an economic slowdown and a decline in the labor force.

 

Analysts and market players have been worried about this approach because they believe it would cause economic instability and a recession. According to the most recent consensus, employment growth is still strong but shrinking. This data is expected to show that there were about 272,000 new jobs added last month and that the unemployment rate remained constant at 3.6 percent.

 

The BEA will present the most recent inflation figures on Wednesday, July 13. We may anticipate that inflationary pressures will continue to run high with a potential spike when compared to the preceding month, if the most recent inflationary figures from Europe are any indicator of what the CPI report will show next week.

 

According to the most current economic data, the US economy has gotten worse, and consumer confidence has plummeted. However, it is also obvious that the Federal Reserve will continue to hike rates this month and in September in order to pursue its goal of bringing inflation down from its present high levels and 40-year highs.

 

It is most definitely a reasonable assumption that the current selling pressure in gold has not subsided given the extremely high likelihood that the Federal Reserve will implement a second straight rate rise of 75 basis points at the end of this month.