Gold, silver uptick after FOMC statement points to rising inflation
FOMC聲明指出通貨膨脹率上升,黃金,白銀上漲 Jim Wyckoff
Wednesday March 17, 2021 14:17
Gold and silver prices are moderately higher in early-afternoon U.S. trading Wednesday, and have rallied in the wake of the just-released FOMC minutes that said the U.S. economy is pointed toward higher growth and inflation prospects this year. A sell off in the U.S. dollar index, post-FOMC statement, is also supportive for the metals markets. April gold futures were last up $7.50 at $1,738.50 and May Comex silver was last up $0.227 at $26.21 an ounce. 黃金和白銀價格在周三美國早盤交易中適度走高,在剛剛發布的聯邦公開市場委員會會議紀要表明美國經濟今年將指向更高的增長和通脹前景之後,金價已經上漲。 聯邦公開市場委員會發表聲明後,美元指數的下跌也支持金屬市場。 四月份黃金期貨上漲了7.50美元,至每盎司1,738.50美元;五月份Comex白銀期貨價格上漲了0.227美元,至每盎司26.21美元。
Traders at mid-week are squarely focused on the Federal Reserve's two-day Open Market Committee (FOMC) meeting that began Tuesday morning and ended Wednesday afternoon with a statement and new U.S. economic projections. The FOMC statement said U.S. monetary policy has not changed, as expected (Fed funds rate seen at median 0.1% until the end of 2023.), but added U.S. economic growth and inflation prospects are picking up steam. The Fed raised its U.S. GDP projection to 6.5% growth in 2021, from 4.2%, and sees inflation at 2.4% annually in 2021, versus its last estimate of up 1.8%. The central bank said it will continue its present bond-buying program (quantitative easing) until substantial further progress is made on the Fed's economic goals. Now, traders are awaiting the press conference from Fed Chairman Jerome Powell. Traders will be closely scrutinizing the Powell's comments regarding U.S. and global economic growth and inflation prospects. 交易周中的交易者全神貫注於美聯儲為期兩天的公開市場委員會(FOMC)會議,會議於週二上午開始,至週三下午結束,會議上發表了聲明和新的美國經濟預測。 聯邦公開市場委員會(FOMC)聲明稱,美國貨幣政策並未像預期的那樣改變(直到2023年底,聯邦基金利率中位數為0.1%),但增加了美國經濟增長和通脹前景。 美聯儲將2021年美國國內生產總值增長率從4.2%上調至6.5%,並預計2021年年通脹率將達到2.4%,而此前的預期為上揚1.8%。 中央銀行表示,將繼續其目前的債券購買計劃(量化寬鬆),直到美聯儲的經濟目標取得實質性的進一步進展為止。 現在,交易員正在等待美聯儲主席鮑威爾的新聞發布會。 交易者將密切關注鮑威爾關於美國和全球經濟增長以及通脹前景的評論。
Global stock markets were mixed but mostly lower overnight. U.S. stock indexes are firmer in afternoon dealings and were boosted by the dovishly perceived FOMC statement. U.S. Treasury bond yields are on the rise again and that is giving stock markets pause. The U.S. Treasury 10-year Treasury note is presently yielding 1.669%--the highest level in 13 months. 全球股市漲跌互現,但隔夜多數下跌。 美國股市指數在午後交易中走堅,並受到市場對聯邦公開市場委員會(FOMC)鴿派言論的冷淡對待。 美國國債收益率再次上升,這使股市暫停。 美國國債10年期國庫券目前收益率為1.669%,是13個月來的最高水平。
An inflation reading coming out of the Euro Zone today continues to show very tame prices. The February consumer price index came in up 0.2% from January and up 0.9%, year-on-year. Those numbers were in line with market expectations. 歐元區今天公佈的通貨膨脹讀數繼續顯示出非常溫和的價格。 2月份的消費者價格指數比1月份上升了0.2%,比去年同期上升了0.9%。 這些數字符合市場預期。
The key "outside markets" today see Nymex crude oil futures prices lower and trading around $64.50 a barrel. Meantime, the U.S. dollar index is lower and near its daily low. 今天關鍵的“外部市場”看到紐約商品交易所(Nymex)原油期貨價格走低,交易於每桶64.50美元附近。 同時,美元指數走低並接近日低點。
Technically, the April gold futures bears have the firm overall near-term technical advantage amid a nine-week-old price downtrend in place on the daily chart. Bulls' next upside price objective is to produce a close in April futures above solid resistance at $1,750.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the March low of $1,673.30. First resistance is seen at $1,750.00 and then at $1,760.00. First support is seen at this week's low of $1,719.20 and then at $1,700.00. Wyckoff's Market Rating: 3.0 從技術上講,在日線圖上存在九週的下降趨勢之際,四月黃金期貨空頭具有牢固的整體近期技術優勢。 多頭的下個向上價格目標是讓4月期貨收高於堅固阻力位1750美元。 空頭的下一個近期下行價格目標是將期貨價格推低至堅固的技術支撐位三月低點1,673.30美元。 看到第一個阻力是在$ 1,750.00,然後在$ 1,760.00。 看到第一個支撐位是在本週低點1,719.20美元,然後在1,700.00美元。 威科夫的市場評級:3.0
May silver futures bears have the slight overall near-term technical advantage. Prices are in a six-week-old downtrend on the daily bar chart. Silver bulls' next upside price objective is closing prices above solid technical resistance at $27.50 an ounce. The next downside price objective for the bears is closing prices below solid support at the March low of $24.845. First resistance is seen at last week's high of $26.545 and then at $27.00. Next support is seen at today's low of $25.805 and then at $25.425. Wyckoff's Market Rating: 4.5. 5月白銀期貨空頭具有輕微的整體近期技術面優勢。 價格在日線圖上處於六週的下降趨勢中。 多頭的下個向上價格目標是收盤價要高於堅固的技術阻力位27.50美元/盎司。 空頭的下個下行價格目標是收盤價要低於堅固的支撐位三月低點24.845美元。 看到第一個阻力是在上周高點26.545美元然後在27.00美元。 看到下一個支撐位在今天的低點25.805美元,然後在25.425美元。 威科夫(Wyckoff)的市場評級:4.5。