Last night, the U.S. ADP employment in July was far below market expectations, which was the same as the unexpected decline in job vacancies announced the day before. The labor market is cooling down; the U.S. GDP in the second quarter was revised down to 2.1%, lower than the market expectation of 2.4%. The economic data was lower than expected, let's see how the market reacted:
- The US dollar index fell 0.29%, a significant reduction from the 0.5% drop in the previous trading day; - The US stock market rose only slightly, with the Dow Jones Index up 0.11%, the S&P 500 up 0.38%, and the Nasdaq up 0.54%;- Gold prices fell in late trading after rising, but closed above $1,940;- U.S. Treasury bonds rose slightly, with the 2-year Treasury yield falling 0.4 basis points to 4.8901%; the 10-year Treasury yield fell 0.2 basis points to 4.1178%. - The trend of the big cake in the currency circle is more intriguing, falling 1.48% during the day, and did not synchronize with the trend of the NQ index. Perhaps the market was too optimistic about Grayscale winning the SEC lawsuit the day before, and then the sentiment rose sharply, but the daily line still closed above the 20-day moving average. The daily trend is bullish, and the 4H trend is confusing. The MACD indicator in the attached figure is running at a high level, and there is no dead cross at present. Then the market may have two trends: 1. Mainly consolidation, no deep correction, with 27100 as the central platform, and then upward impact 28000-28500; 2. The market slightly pulls back to the 26500-26600 line, the 4h attached figure MACD dead cross, and then the market continues to attack around 28000, 4H double top, and then the market maintains a 26000-28000 oscillation trend. From the perspective of trading strategy, the current point 27230 transaction cost-effectiveness is very low, it is more difficult to start, so just control your hands first and wait and see. Perhaps Ten Years of Dreams is not like some bloggers, who fight in the K-line every day, make money both in long and short positions, and are busy every day; I have also experienced these experiences, but I found that I may have a super high rate of return for a period of time, but the final outcome is that all are lost. Because trading is addictive, people will feel uncomfortable without orders, which reminds me of a saying of my futures mentor: the more you do, the more mistakes you make, the less you do, the fewer mistakes you make, and the less you do, the better. The market is not short of opportunities, but you are afraid that when opportunities come, you have lost all your capital and have no chance at all.
