The (Ir)rationality of the Dollar Auction

Name: The (Ir)rationality of the Dollar Auction
Uploaded: 2024-05-02T18:17:05+08:00
Description: The (Ir)rationality of the Dollar Auction

Category：hotcomm

2024-05-02

Category Latest News

The U.S. dollar fell to a seven-month low against major currencies on Wednesday as the European Central Bank, Bank of England and Bank of Canada all issued hawkish signals. According to Yonhap News Agency in June - DayDayNews
At the beginning of the Asian market on July 1, the U.S. dollar was trading around 104.70. U.S. consumer spending in May was less than expected, exacerbating concerns about economic recession and suppressing the U.S. dollar, which was boosted by safe-haven buying; - DayDayNews
At present, the price has broken through the Fibonacci 78.6% retracement level of 1662. The MACD indicator shows that the upward pressure on the price is still high. The upper resistance is at the previous high of 1689, followed by the 1700 mark. - DayDayNews
Attached is the standard chart of the "Golden Pit". Key points of the technical form and classification of the Golden Pit: 1. During the process of bottoming out and bottoming out, a barren line or a large Yin line appears to break downward; 2. After a short-term, rapid decline, - DayDayNews
For novices who have just started investing, they may be confused about how to analyze the gold K-line chart. Investors also need to know more about the gold market in order to know the operating rules of the gold market, thereby promoting more profits from their gold investments - DayDayNews
At about 3 p.m. on July 31, gold futures suddenly rose, with the price once rising to 2,005.4 US dollars per ounce, briefly standing above the 2,000 US dollars per ounce mark. - DayDayNews
Today is August 16, 2021. After rising sharply for three consecutive trading days, the international gold market failed to successfully break through the important integer mark of US$1,800, and now has entered a volatile adjustment market. - DayDayNews
Throughout the history of gold trading, analyst Michael Maharrey believes that the most important moment for gold was August 15, 1971. - DayDayNews
USD Technical Analysis The USD stabilizes at 101 as expected. - DayDayNews
On Wednesday, the U.S. ADP employment data, known as the "small non-agricultural sector", was released. Data showed that the number of ADP jobs in the United States in July was 156,000, exceeding the expected value of 150,000 and hitting a three-month high. - DayDayNews

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