No matter how you choose to trade, there will always be regrets. The ups and downs of long and short positions are normal. Just get used to it. Many trades are not right or wrong, just like two people who missed each other, it's just that the timing is not right and the emotions are not in sync, so they went their separate ways and embarked on different paths in life.
The strengthening of the Asian market has become a common occurrence, while the performance of the European and American markets is relatively lackluster. This has been the trend in recent market movements. Yesterday, after a surge in the Asian market pushing above 45900, the market started to decline and slid down by a thousand points, retracting to around 44600. However, it did not have much impact on the daily chart and still closed with gains. It is highly probable that the bulls will return to their peak today after four consecutive gains.
The US dollar rose on the first trading day of the year as market attention turned to this week's US employment data and European inflation data, which may provide clues for the next steps of various central banks. A series of economic data will be released this week, including European inflation data, US job vacancies, and non-farm employment data, which will help shape market expectations for the monetary policy actions of the Federal Reserve and the European Central Bank.
Investors' attention is now turning to the minutes of the Federal Reserve's meeting, in search of more clues for interest rate cuts this year. The minutes of the Federal Reserve's last meeting in December will be released on Thursday, providing further insight into the central bank officials' thoughts. Also worth noting is the US job vacancies and December non-farm employment data, which will be closely watched for more clarity on the Federal Reserve's interest rate trend.
Morning strategy for Wednesday
The support at 45000 faces a major test today. Whether it can effectively support the price is crucial. Considering the rhythm of the previous trading days, the Asian market has shown a bullish trend, while the European and American markets are mixed. We can focus on capturing the upward momentum of the Asian market and pay attention to the pressure at 45800 and 45900, and then plan for the European and American markets.
Trading recommendations
Long positions near 45100-45200
Target: Watch for defense in the 45800-45900 range, and pay attention to breaking below 44700 to look for 46100.
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