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How to respond to the double bomb at eight o'clock tonight, will it soar or will it be a total loss?

Powell's speech tonight: Savior or disaster maker?

Weaker-than-expected US PPI and retail sales data may reignite dovish expectations for the Federal Reserve, hitting the dollar and providing much-needed support for gold prices. Conversely, it may boost the dollar and further sink gold. In anticipation of the impact of US tariffs, tonight's retail sales data is expected to see significant growth (though there are also voices suggesting the data may fall short of expectations), while the US PPI inflation year-on-year rate for April may drop to 2.5%. From a forward-looking data perspective, the interpretation of these two major data points tonight may contradict each other, making it impossible for investors to draw directional conclusions.

Therefore, the main act will still depend on Powell, who will appear ten minutes after the data is released. This will be his first public statement since the FOMC policy meeting last week, where interest rates were kept unchanged (the third consecutive time). However, investors hoping for new clues regarding interest rate cuts may be disappointed, as it is unlikely that there will be any clear signals.