黄金多头需注意,美联储必有动作
北京时间周三(12月13日)21:30,美国公布11月通胀数据,表现总体欠佳。截至发稿,美元指数跳水逾20点至93.837,现货黄金蹿升6美元至1247.09美元/盎司。核心CPI是美联储决策高度倚重的考量指标。虽然11月份该指标重新回落,但据市场各方观察认为,美联储2018年加息步伐不会因为这一现象而有所放缓。
分析师指出,受汽油价格回升的影响,美国CPI月率录得好于预期的表现,但医疗保健和服装价格下跌,限制了潜在通胀压力上升,去除食品和能源价格的核心CPI月率不及预期也进一步佐证这一点,核心CPI增速放缓部分归结于占据CPI权重大头的居所指数(Shelter Index)环比仅增0.2%,为7月以来新低。
虽然美国11月份核心通胀年率重新转头向下,导致金价短线大幅抬升。但美联储同时面对不断看好的美国经济增长前景,轻言放缓货币政策从紧步伐可能铸成大错。况且从技术层面上看,金价无论是月线、周线还是日线级别,均处于空头格局,做多黄金务必格外谨慎。
“低通胀”仍然是美联储政策制定者关注的焦点,即将卸任的美联储主席耶伦已经提出了对这一低通胀趋势的担忧,还有偏见说是政府刻意维持低利率。
特朗普总统的包括大砍公司所得税在内的税改计划,如果获得共和党占主导的国会通过,可能会进一步提振美国经济。税改案看来很可能会在国会过关。
今年以来,尽管劳动力市场持续收紧,美国经济走强,但通胀水平却出人意料地疲弱。美联储在此前的会议上,多次警告通胀回升缓慢,可能影响到收紧的步伐。
外媒报道称,即将于北京时间周四(12月14日)凌晨结束的2017年美联储最后一次政策会议的结果几乎没有不确定性,因为市场参与者普遍预期,美联储将在此次会议上加息25个基点,主席耶伦将在新政公布的半个小时后召开新闻发布会。这也将是她明年年初结束四年任期之前的最后一次发布会。
分析师认为,美联储12月加息难以大幅提高美元汇率,而如果点阵图保持不变,市场膝跳反应可能导致欧元兑美元可能稍稍走低。该行预计,欧元兑美元将在年底前维持在1.17-1.20区间内,任何美联储政策可能给美元带去的利好,都难以抵挡利好欧元的其他因素。
本文来源: 大田环球贵金属
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