On Tuesday, the US dollar index fluctuated and rose, with a minimum retreat around 104.8 and currently hovering around 105.5. Under the pressure of risk aversion, commodities have declined one after another, and the three major US stock indices have recorded significant declines. Although gold rebounded during the trading session and briefly touched $1780, bears still dominated, trading around $1770.

Market adjustments around next week's meeting of the Federal Reserve

The trend of the US dollar index has fluctuated significantly in the past two weeks, first due to the release of dovish speeches by Federal Reserve officials, causing a sharp decline in the US dollar. Later, due to positive US economic data, the US dollar rebounded in the short term. The market is focusing on the Fed's interest rate hike next week, especially the position adjustment announced after the meeting. In the short term, the Federal Reserve enters a period of silence, making US economic data the focus of market attention. There is no significant US data for the day, but there is some uncertainty in the short-term direction of the US dollar due to Friday's PPI, consumer confidence index, and wholesale inventory data.

A50

The current trend of the A-share market is sideways, and the performance of large-cap stocks remains relatively strong during the session. At present, the market has entered a key pressure area above, and there must be profitable news here. Whether it is a large cap stock or a track stock, sustained rising leaders need to appear in order to activate the market. On the contrary, if the sector continues to rotate, it reflects a lack of confidence among bulls. The performance of the A50 index within the day may determine the direction of the market, so pay attention to the confirmation of the A50 index's support below.

Technically, the first pressure of A50 is 13150, breakthrough is 13400, support is 13000, and break is around 1295012800. Looking at the indicators, the Bollinger Line opened horizontally, with MACD fluctuating at a high level. Trading strategy: Given the importance of the upper and lower positions, it is possible to try high selling and low buying trades, breaking through key support positions and then backtracking orders.

pound

The current trend of the pound is sideways, and the market is engaged in a long short battle around expectations for the direction of the Federal Reserve policy. The short-term pound hit a key support near 1.213, so the pound faces a direction decision. Pay attention to the Eurozone data results for the day, and perhaps the trend of the pound will fluctuate with the fluctuations of the euro.

Technically, the first pressure on the pound is around 1.215, with a breakthrough around 1.222, support around 1.213, and a break around 1.207. The indicator shows that the opening of the Bollinger Line is slightly downward, and the MACD is in a low oscillation. Trading strategy: Given the importance of the upper and lower positions, it is possible to try high selling and low buying trades, breaking through key support positions and then backtracking orders.

gold

The short-term trend of gold remains negatively correlated with the US dollar index, and the direction of the US dollar is subject to Federal Reserve policy guidance, so the direction of gold remains unclear. The US dollar, which is currently experiencing a significant decline, has restrained its decline and rebounded before the Federal Reserve's resolution. As a result, gold has also recouped its previous gains. Currently, gold has reached a critical support of around $1766 and is facing a direction decision.

Technically, there is pressure around $1780 above gold, with breakthroughs around $1786, support around $1765, and breakdowns around $1750. Looking at the indicators, the Bollinger Line opened horizontally, with MACD fluctuating at a low level. Trading strategy: Given the importance of the upper and lower positions, it is possible to try high selling and low buying trades, breaking through key support positions and then backtracking orders.