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Abstract:On Tuesday (May 14th), due to the unexpected April PPI data from the United States, the US dollar index briefly hit an intraday high of 105.47
On Tuesday (May 14th), due to the unexpected April PPI data from the United States, the US dollar index briefly hit an intraday high of 105.47, but then took back all of the day's gains and turned downwards, ultimately closing down 0.2% at 105.00. The yield of the 10-year US Treasury bond has fallen slightly, ultimately closing at 4.442%. The yield on the 2-year US Treasury, which is most sensitive to the Federal Reserve's policy interest rates, ultimately closed at 4.817%.
On Tuesday (May 14th), Vladimir Zernov, an independent trader and analyst at Fxempire, used long-term position trading and band trading strategies to predict the trends of gold, silver, and platinum. He predicts that with Powell's dovish comments, gold will rise further to $2390 and $2400 after rising above $2350; Silver test resistance level of $28.75; Platinum rose above $1030, with a strong upward trend continuing.
Oil prices rebounded on Tuesday (May 14th) due to intensified concerns in the market that the Federal Reserve may continue to maintain high interest rates to combat inflation. WTI crude oil fell to an intraday low of $77.27, but recovered some lost ground in the late trading session, ultimately closing down 0.88% at $78.04 per barrel; Brent crude oil closed down 0.87% at $82.45 per barrel.
Disclaimer:
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