Gold market analysis

2023-02-07

February 7th. Today's amplitude interval The China detection balloon was shot down by the US Air Force off the east coast of the United States on Sunday, and the gold price rebounded by the Sino-US impact. Geo-risk rises, and the price of gold rebounds. It rose slightly by $2 yesterday. The market is still concerned about the Fed's backward direction, and Powell's speech in the early hours of Wednesday became the focus of the market. Gold market showed allergic reaction due to non-agricultural explosion, even After several passes, $1,878 became the first resistance. Today's suggested volatility is $1,860 to $1,878. The conflict between China and the United States resumed, and the market suddenly became nervous. Hong Kong stocks opened lower and closed lower. China detected that the balloon was shot down by the air force in the United States, and China accused the United States of overreacting. It is said that the balloon is purely commercial. Due to force majeure, it accidentally entered the US airspace. Now it is attacked by the US Air Force with missiles, which highlights the hegemonic behavior of the United States and will be countered. System. Geopolitics is warming up, and the Fed's interest rate hike policy this year has added variables. Hong Kong stocks fell for the third day in a row, and the Hang Seng Index fell 438 points or 2.02% yesterday. 21222 points.   Sino-US relations are tense again, which is unfavorable to the risk market and the European stock market falls. Sino-US relations have hit market sentiment, and investors are expected to affect the sales to China customers. Yesterday, it was obvious that the European luxury goods sector fell by 1 to 3%, leading the three major European stock indexes to fall across the board, and the German DAX index fell by 0.84%; CAC in Paris, France The index fell by 1.34%, while the FTSE 100 index fell by 0.82%. The geopolitics between China and the United States is more tense, and the trip of the US Secretary of State to China has become rashomon event and the relationship has become more Due to the complexity, coupled with the strong performance of non-agricultural data last week, the market is worried that the Fed's interest rate hike policy will remain variable. The three major stock indexes on Wall Street fell across the board, and Dow Jones The index fell 0.11%, the S&P 500 index fell 0.61%, and the Nasdaq Composite Index fell 1%. The China detection balloon was shot down by the US Air Force off the east coast of the United States on Sunday, and the gold price rebounded by the Sino-US impact. Geo-risk rises, and gold prices take the opportunity to reverse. However, after the shock, the market turned back to pay attention to the Fed's backward direction, and the increase of gold price narrowed, with the lowest price of gold reaching $1,867.1 to 1,867.7. The dollar closed up 2 dollars. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-02-06

6 February Today's amplitude interval The Bank of England and the European Central Bank announced yesterday that they would raise interest rates by 0.5% respectively. Although the spreads between the two currencies and the US dollar have narrowed, there has been a decline, plus the United States. The labor data is strong, and the Fed's interest rate hike policy this year has added variables. The US dollar index has returned to 103, and the price of gold fell sharply last week, exceeding the support level. gold The current allergic reaction in the market provides low-sucking opportunities for bulls. However, people in the market are timid, and the chances of gold falling again increase, so they can wait patiently for the market opportunity. Today's suggestion The volatility ranges from $1,858 to $1,880. The purchasing managers' index of mainland manufacturing industry was worse than expected, and Hong Kong's income shrank again in the last quarter, which was also lower than expected by the Hong Kong government. In addition, the Federal Reserve was on the list. On Thursday, policymakers raised interest rates by 0.25% again. Many leading banks in Hong Kong did not follow the pace of raising interest rates in the United States, but the market was still pessimistic and the market turned around. In a week, the Hang Seng Index fell 1028 points or 4.53% to close at 21660 points. European stock markets are The Super Central Bank performed well last week. The Bank of England and the European Central Bank announced interest rate hikes of 0.5% respectively last Thursday. The results of interest rate discussions were as expected by the market, and investors advanced. Digesting the pressure of raising interest rates, and Bank of England Governor Bailey said that he saw the initial signs that inflation had turned. Dove remarks encouraged venture capital to make renewed efforts. Data On the one hand, Germany's trade balance exceeded market expectations and boosted market sentiment; The three major European stock indexes rose across the board last week, and the German DAX index rose by 2.15%. France The CAC index in Paris rose by 1.93%, while the FTSE 100 index in Britain rose by 1.76%. As expected by the market, the Federal Reserve announced a 25-point interest rate hike in the early hours of last Thursday, and Federal Reserve Chairman Powell announced a dove message after the interest rate meeting, referring to the bureau. After two or three more interest rate hikes this year, the interest rate hike will be suspended. However, last Friday's non-agricultural data showed strong growth, and the Fed's interest rate hike policy persisted. Changes, the three major stock indexes on Wall Street developed separately. In one week, the Dow Jones index fell by 0.15%, the Standard & Poor's 500 index rose by 1.01%, and the Nasdaq Composite Index rose by 1.01%. The composite index soared by 3.14%. Interest rates in the United States rose in line with expectations, non-farm jobs reported strong growth, and gold prices fell by $60. Lun Bank and the European Central Bank are at Yesterday, it was announced that interest rates were raised by 0.5% respectively, but the trend of the foreign exchange market is now reversed. The spread between the two currencies and the US dollar has declined, plus non-. Agricultural data increased three times higher than expected, the US dollar index rebounded to 103 points after falling below 101 level, and the price of gold fell sharply, reaching a peak of 1959.8 last week. Dollars, the lowest price of gold was $1,861.4, and closed at $1,865.7 on Friday, with a loss of $60.4 a week. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-02-03

February 3rd Today's amplitude interval The Bank of England and the European Central Bank announced yesterday that they would raise interest rates by 0.5% respectively. However, the spread between the two currencies and the US dollar declined. After falling below the level of 101, the price of gold rose sharply, falling below the closing level of $1,920 held since January 19. There is an American non-tonight Agricultural data will provide follow-up guidance for the gold market. Today's suggested volatility is $1910 to $1927. The Federal Reserve raised interest rates by 0.25% again yesterday. Many leading banks in Hong Kong did not follow the pace of raising interest rates in the United States, but the market is still pessimistic, investors predict. Hong Kong's economic prospects will be in trouble, with Hong Kong stocks opening higher and closing lower. The Hang Seng Index rose by more than 200 points after the trend of US stocks in the evening, and became weak after some struggle. After falling below the 22,000 mark, the Hang Seng Index finally fell by 113 points or 0.52% to close at 21,958 points. Germany's trade balance exceeded market expectations, boosting market sentiment. Mood; The Bank of England and the European Central Bank announced yesterday that they would raise interest rates by 0.5% respectively. The result of the interest rate discussion was as expected by the market. Investors digested the pressure of raising interest rates early and added Bailey, governor of the Bank of England, said that he saw the initial signs that inflation had turned, and the dovish remarks encouraged venture capital to re-charge, and the three major European stock indexes were on the whole line. L, Germany DAX index rose by 2.16%; The CAC index in Paris rose by 1.26%, while the FTSE 100 index in Britain rose by 0.76%. As expected by the market, the Federal Reserve announced a 25-point rate hike yesterday, and Federal Reserve Chairman Powell announced a dove message after the interest rate meeting, saying that the bureau will raise interest rates this year. After two or three more interest rates, the interest rate hike will be suspended. The pressure to raise interest rates faded, and the three major stock indexes on Wall Street developed separately. The Dow Jones index fell by 0.11%. The Standard & Poor's 500 Index rose 0.15%, while the Nasdaq Composite Index soared 3.56%. The Bank of England and the European Central Bank announced interest rate hikes of 0.5% respectively yesterday. However, the market trend is now reversed. The spread between the two currencies and the US dollar has narrowed, but it has fallen. The US dollar index rebounded after falling below 101. The price of gold plunged precipitously, approaching $50. The highest price of gold was $1959.8, and the lowest price was $1911.4, which closed at $1912.7. It hit $37.6. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-02-02

On February 2nd Today's range As expected, the Fed, subject to recent poor economic data, announced a 25-point rate hike this morning in order to avoid a hard landing by pushing too hard. After the meeting, Powell softened his words and said after the meeting that there would be a pause in rate hikes this year, which immediately set off a shock in the market. Gold hit $1,950 and edged closer to the $2,000 mark. Today's recommended range is $1,948 to $1,960. Us stocks surged 1% in the evening, while Hong Kong stocks followed the trend to open 78 points higher. The mainland manufacturing purchasing managers' index missed expectations, and Hong Kong's income contracted again last quarter, which was also lower than the government's expectations. The market turned downward, down by as much as 180 points, but the low now supported, and the Hang Seng index returned to the 22,000 level. The Hang Seng Index rose 229 points or 1.05% to 22,072. On the eve of the Fed's interest rate hike, investors focused on the outcome of the meeting, and Fed Chairman Powell's comments after the meeting, the market attitude became very cautious. The three major European stock indexes finally developed respectively, Germany's DAX index rose 0.34%; France's CAC index in Paris was down 0.07%, while Britain's FTSE 100 was down 0.12%. The US yesterday released January non-farm payroll change significantly below market expectations, the latest number of 104,000, from December 256,000 down 60%, also below market expectations of 178,000, the economic environment has turned the New York stock market lower; Stock markets turned after the announcement of the Fed's decision, Fed Chairman Colin Powell announced after the meeting that the administration will raise interest rates two or three more times this year will pause the action, Wall Street's three major indexes reversed the bottom, the Dow Jones Industrial average up 0.02 percent, the S&P 500 up 1.05 percent, Nasdaq Composite index up 2.16 percent. The Federal Reserve announced an interest rate hike this morning, as expected by the market, the board is subject to the recent poor economic data, in order to avoid too hard, the decision officials decided to raise rates by 25 points, then Powell announced after the meeting that this year will temporarily end the hike tour, the market immediately set off, gold as high as $1954.6, gold as low as $1920.6. It closed at $1,950.1, up $21.9. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak

2023-02-01

February 1st. Today's amplitude interval One more data shows that inflation in the United States shows signs of easing. The latest employment cost in the United States shows that labor costs are decreasing. The market expects the Federal Reserve to be on Thursday. The policy of raising interest rates by 0.25% was implemented in the early morning, and I believe that the interest rate increase cycle will end this year. The gold market fell by nearly $1,900 and then rebounded in a V shape, showing the gold price again. Can get good support at $1900. At 3 am tomorrow, the Federal Reserve will announce the result of the interest rate discussion, which fluctuates greatly. Today, the suggested fluctuation range is 1914 US dollars to 1942 US dollars. Dollars. The property prices in Hong Kong have fallen, and there have been many cases of concession in the market. Some experienced building speculators even warned the market that it is not time to get on the bus! And the weakness of the property market The trend is also reflected in the mortgage risk of banks. The HKMA released the data of negative assets in the last quarter yesterday, and the latest news figure at the end of the fourth quarter was 12,164, an 18-year high. Bit. Although the HKMA emphasizes that the recent increase in negative assets does not constitute the credit risk of banks, market sentiment will inevitably be affected; The HSI opened higher and closed lower, once. It fell more than 400 points, and the decline narrowed after the period, and finally fell by 227 points or 1.03% to close at 21,842 points.   Investors are concerned about the results of the interest rate meeting of the Federal Reserve, the European Central Bank and the Bank of England, and their attitude towards entering the market has become cautious, although the latest gross domestic product in the euro zone The value is better than expected in last quarter, but it can only make the two major stock indexes in the euro zone rise respectively. The DAX index in Germany and CAC index in Paris, France rose slightly by 0.01%, and the British stock market. Then the market fell, and the FTSE 100 index in the UK fell by 0.17%. One more economic data proves that after the US Federal Reserve started the interest rate hike cycle last year, it has been gradually Step by step, the inflation growth momentum will be suppressed. According to the latest data of the US Department of Labor, the employment cost increased by 1% quarterly in the last quarter, which is the slowest quarterly growth rate since 2022. Performance, showing that labor costs are falling; The data is favorable for the Federal Reserve to implement the expectation of raising interest rates by 25 points. The three major stock indexes on Wall Street rebounded more than 1% across the board, saying The Jones index rose 1.09%, the Standard & Poor's 500 index rose 1.46%, and the Nasdaq Composite Index rose 1.67%. On the eve of the Fed's interest rate hike, the gold market fell first and then rose. The price of gold fell when the market opened. After falling below the support of $1,920, bears swarmed out, and the price of gold fell further. In Europe, The lowest market time is $1,900.9, the labor cost in the United States is lowered, and the performance of the consumer confidence index is worse than market expectations. Investors expect the Fed to increase. The interest rate cycle will end this year, and the gold market will rebound in a V-shape, with the highest price of gold reaching $1,931.2 and closing at $1,928.2, up $5. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-01-31

January 31st. Today's amplitude interval There are signs of easing inflation in the United States. The market expects the Fed to raise interest rates by 0.25% in the early morning of Thursday, and the US dollar index is fiercely contending at the edge of 102. The market fluctuated downward, once again testing the support resilience of $1,920. Today's suggested volatility is $1,914 to $1,930. The mainland completed the five-day Spring Festival holiday, and the mainland A shares opened a red market. However, Beishui returned to the Hong Kong stock market and did not pursue victory, but slammed on the settlement date of the futures index. The Hang Seng Index once plunged nearly 700 points. Although the decline narrowed slightly after the period, it eventually fell by 619 points or 2.7% to close at 22,069 points, and the daily turnover increased to over 2,000. The net capital of Beishui reached HK$ 6.9 billion. This week is Super Central Bank Week. In addition to the results of the US Federal Reserve's interest rate meeting, the European Central Bank and The Bank of England will also announce the result of the interest rate discussion. The market expects that due to inflation, the European Central Bank and the Bank of England will adopt a steeper interest rate policy and raise interest rates It rose by 0.5%, and investors had a strong wait-and-see atmosphere. The three major European stock indexes developed separately, and the German DAX index fell by 0.16%. The CAC index in Paris, France fell by 0.21%. The FTSE 100 index rose by 0.15%. The U.S. Federal Reserve will announce the results of the interest rate decision in the early morning of February 2. Due to the recent signs of easing inflation data, the market expects the Federal Reserve to raise interest rates by 25 points. The possibility is as high as 99.9%, but the market is still afraid of capsizing in the gutter, avoiding the risk market, and the US stock market oscillates downwards. Wall Street's three major stock indexes fell across the board, Dow Jones The Dow Jones index fell 0.77%, the Standard & Poor's 500 index fell 1.3%, and the Nasdaq Composite Index fell 1.96%. A number of data in the United States show that the economy is regressing, and the market is pre-predicted. The chances of the Federal Reserve raising interest rates by 0.25% in the early morning of Thursday were high. The US dollar index was fiercely contended at the edge of 102, and the gold market fluctuated downwards, testing the US$ 1,920 again. Support toughness of. The highest price of gold was $1,934.6, and the US dollar index eventually rose to 102 points. The lowest price of gold was $1,920.7 to $1,923.2. It closed down $4.50. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-01-30

January 30th Today's amplitude interval The gold price rose for six weeks in a row, and the trend was well supported at $1,900. It also slowly moved the support level up to $1,920, a weekly chart for two consecutive weeks. There are two gyroscopes in the middle, and the RSI power index is set at 69. It seems that it is accumulating strength, and the bullish opinion has not changed. It is recommended to absorb it on dips. The price of gold is still between 1920 and 1920. $1940 is being consolidated, and it is waiting to break through the middle position of the new supply area, which is about $1948. Once it successfully rises through this position, it will point to the return. At the top of the area, it went straight upstairs for $1,972. Today's suggested volatility is $1,920 to $1,936. The income growth in the United States last quarter was better than expected. After the three-day Lunar New Year holiday ended, the Hong Kong stock market continued on the only two trading days starting from the Year of the Rabbit. L. The Hang Seng Index rose for six weeks in a row and closed at an 11-month high. The only fly in the ointment was that the turnover last Friday was over HK$ 20 billion lower than that on Thursday, only about 973. 100 million Hong Kong dollars; However, the Shanghai-Shenzhen-Hong Kong Stock Connect has returned again this week, and the market can rely on water to go upstairs. The Hang Seng Index rose 644 points or 2.81% this week to close at 22,688 points.   Inflation in the euro zone grew moderately, and the European Central Bank's interest rate hike was gradually implemented. The purchasing managers' index of manufacturing and service industries published by the European Central Bank and the Bank of England is slightly better. It is expected that the economic data released by the euro zone last week has improved, which is good for the risk market. In a week, the German DAX index rose by 0.77%; CAC in Paris, France After a few liters of 1.45%, British Chancellor of the Exchequer Hou Junwei made hawkish remarks, saying that inflation in Britain could hardly fall below 5%, and the FTSE 100 index in Britain fell by 0.07%. upper/better/previous/a surname The personal consumer price index fell slightly last week, indicating that inflation in the United States is turning, and the market estimates that the pace of interest rate hikes by the Federal Reserve will slow down. In the latest survey, the market predicted that The possibility that the Federal Reserve will raise interest rates by 25 points is as high as 99.9%, while the income growth in the United States last quarter was better than expected, and the number of people applying for unemployment benefits for the first time fell for three weeks last week. Approaching the lowest record in history, the market atmosphere was positive. The three major stock indexes in new york all rose last week, with the Dow Jones index up 1.81% and the Standard & Poor's 500 index up 2.47%. The Nasdaq Composite Index rose 4.32%. A number of data in the United States show that the economy is retrogressive, and the market expects that the Federal Reserve will not raise interest rates vigorously, for fear of a hard landing of the economy and a chance of raising interest rates by 0.25% next month. It is said that the US dollar index is struggling on the edge of 102, and the gold market fluctuated and rose this week. Unfortunately, it is close to the high of 1,950 US dollars, and the gold price was the highest last week. See $1,949.3, with a minimum of $1,911.4. Last Friday, it closed at $1,927.7, up $1.7 for six consecutive weeks. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-01-27

January 27th Today's range Gold had a bearish session near $1,950 as profit-taking drove prices lower. With the dollar index above 102 and gold testing $1,920 for the third straight day, this position has become more important. Today's recommended range is $1,927 to $1,942. The Hong Kong stock market has opened red on the first trading day of the Year of the Rabbit after a three-day Lunar New Year holiday. The Hang Seng Index rose 522 points, or 2.37%, to close at 22,566, its highest level since March 2 last year. In North China, where the Chinese New Year holiday was still in progress, the daily turnover was still close to HK $120 billion, giving ample momentum for further gains. Improving economic data from the euro zone and hopes that China's recovery will lead the overall recovery boosted sentiment, while strong U.S. data eased fears of an economic landing. All three major European markets rose, with Germany's DAX up 0.34 percent. France's CAC index in Paris rose 0.74 percent and Britain's FTSE 100 rose 0.21 percent. The U.S. gross domestic product rose 2.9 percent from the previous quarter, slightly beating market expectations of 2.6 percent. The number of first-time jobless claims fell for three straight weeks to 186,000 last week, nearing a record low. A number of positive economic data eased fears of a U.S. recession. The Dow rose 0.61 percent, the S&P 500 rose 1.1 percent and the Nasdaq composite rose 1.76 percent. Gold prices fell under pressure as the dollar strengthened. Gold had a bearish session near $1,950 as profit-taking drove prices lower. Coupled with better-than-expected economic data, the dollar index briefly broke through the 102 level, accelerating gold's decline to a low of $1,918.7 and a high of $1,949.3 before closing down $17.7 at $1,929.2. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak [Service Content]

2023-01-26

On January 26th Today's range Gold is still in turmoil, hitting new highs for the year while slowly moving from support at $1,900 to $1,920. Bull targets point to 2000, but there is still pressure above $1950 for the time being to try the high short position. Today's recommended range is $1,930-1,952. Hong Kong stocks were closed for the Lunar New Year holiday. Stocks rose and then fell on improved euro-zone economic data. German business sentiment showed a slight improvement in January compared with the previous month. European stock markets started the day on a positive footing, but they have not had a bigger catalyst to boost the economy since they regained their pre-war position and are now struggling to stay high. In addition, the European Central Bank members let loose the eagle, indicating that the next two rate hike meetings are appropriate to raise the policy of 0.5%, the three major European stock market turned down, Germany DAX index fell 0.06%; France's CAC index in Paris was down 0.18%, while Britain's FTSE 100 was down 0.09%. The Nasdaq Composite index fell 0.18 percent as investors reacted to fears that the United States might directly intervene in the war with Russia and supply tanks to Ukraine, as well as the threat of a U.S. national security crisis. Microsoft's downbeat outlook and Universal Machine's plans to cut 3,900 jobs sent tech stocks down. The S&P 500 fell 0.02 percent, while the traditional Dow Jones Industrial average fell and then rose, before closing up 10 points, 0.03 percent, after falling nearly 460 points. The gold market is still in turmoil, on the trend of New Year highs, while slowly moving up the support position. The dollar tried to rally yesterday, with bears taking advantage of the trend to lower the gold market. Gold briefly fell below $1920 and as low as $1919.9. After the European Central Bank's hawks and the Bank of Canada's interest rate hike, the dollar index fell near 101.6. It closed at $1,946.9, up $9. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak [Service Content]

2023-01-25

January 25th Today's amplitude range The US purchasing managers' index exceeded the market expectations, and the market's expectations for the continued interest rate increase of the Federal Reserve Board increased. The US dollar fluctuated rapidly, and the gold price fluctuated upward. The gold price has gained good support at US $1900, and is now consolidating at US $1930, with the target of 2000. Today, the recommended range is $1928 to $1945. Hong Kong shares are closed for the Lunar New Year holiday. Inflation in the euro area has grown moderately, and the European Central Bank's interest rate increase has gradually been implemented. The purchasing managers' index of manufacturing and service industries released by the European Central Bank and the Bank of England slightly exceeded expectations, indicating that the inflation threat still exists. The data helped the European Central Bank members raise interest rates by 50 points. The market was full of instability. The three major European stock markets developed independently, and the German DAX index fell 0.05%; The CAC index in Paris, France, rose 0.26%, while the FTSE 100 index in Britain fell 0.33%. The market is digesting the expectation that the Federal Reserve will raise interest rates by 50 points next week. The newly released purchasing managers' index is still growing modestly. The market is tense. The Dow Jones index, reflecting the traditional economy, fell first and then rose, ending up 0.31%, rising for three days in a row. Google's share price fell after being sued by the United States Department of Justice for abusing its dominant position in advertising business, which caused the Standard&Poor's 500 Index to drop 0.07%, and the Nasdaq Composite Index to drop 0.27%. The gold market continued its early rise and hit a new high of this year, with a maximum of US $1942.6. The newly released purchasing managers' index of manufacturing and service industries in the United States exceeded market expectations, and the market's expectation of the continued interest rate increase of the Federal Reserve Board increased. The dollar fluctuated rapidly. The dollar index rose to 102.4, and the gold price fell below 1920 dollars, with a minimum of 1917.2 dollars. However, the dollar later softened, fell below 102, and the gold price rebounded, and finally closed at 1937.3 dollars, up 6 dollars. For detailed analysis and operation suggestions, CLICK is welcome to join the group at the following links and check with the administrator https://t.me/mingtak [Service content]

2023-01-24

On January 24th Today's range The US leading index showed for the fifth month in a row that the economy is going backwards. Although the January figure showed an improvement over December, it was still at the second worst level in this period. The market expects that the Fed's aggressive interest rate hike will aggravate the US economy's decline and lead to an irreversible economic landing situation, and the chances of a 0.25% interest rate hike next month are high. Gold has been well supported at $1900 and is now consolidating at $1930, trying to break out and aiming for the 2000 level. Today's recommended range is $1,925-1,942. Hong Kong stocks were closed for the Lunar New Year holiday. The European Union reported an improvement in consumer confidence in the euro zone in January, which boosted investor sentiment. Coupled with slowing expectations of a U.S. interest rate hike, all three major European stock markets rose, with Germany's DAX index up 0.46 percent. France's CAC index in Paris was up 0.52 percent and Britain's FTSE 100 was up 0.18 percent. Last week, a slew of U.S. economic data showed that the chances of a U.S. economic setback are increasing, and the market's view that the Federal Reserve will raise interest rates next week is slowing, with the latest poll pricing in a 99.9 percent chance of a 25-point increase. U.S. stocks rose on news of the waning pressure to raise interest rates, with all three major Wall Street indexes rising, with the Dow gaining 0.76 percent, the S&P 500 rising 1.24 percent and the Nasdaq Composite rising 2.18 percent. The US leading index has shown for five consecutive months that the economy is going backwards. Although the January data showed an improvement from December last year, it is still at the second worst level in this period. The market expects that once the Federal Reserve aggressively raises interest rates, the US economy may deepen the decline and become an irreversible economic landing situation. The dollar fell against the euro, the dollar index was still teetering on the edge of 102, and gold rose in choppy trading, falling as low as $1911.4 and as high as $1935.6 before closing at $1931.3, up $5.7. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak [Service Content]

2023-01-23

January 23rd   Today's amplitude range   A number of economic data from the United States show that the economy will slow down, making the trend of the US dollar depressed again. In addition, the countdown of the potential default of the US government has entered the final stages, which has increased the demand for gold hedging. The gold price has exceeded the high of this year, and the gold price has received good support at US $1900. However, the long and short sides are in the middle of US $1930, and the long target has turned to the 2000 mark; But the shock before the breakthrough is inevitable. Today, the recommended fluctuation of last Friday was maintained from $1920 to $1936.   I wish you all a good luck in the New Year of the Rabbit!   The Chinese New Year is approaching, and the global demand for RMB settlement is gradually coming to an end. Whether the onshore or offshore price of RMB is weakening, Hong Kong stocks fell first and then rose last week. With the decline of the RMB and the pumping tide in the market, investors are afraid that the stock price has peaked, and the Hang Seng Index fell to 21600 points to fight. With the last trading day of the Year of the Tiger, the Hang Seng Index was swept up more than 300 points and returned to 22000 points. In one week, the Hang Seng Index rose 306 points, or 1.41%, to close at 22044.   After two consecutive weeks of gains, European stocks adjusted downward last week. The market has largely digested the optimism of China's economic recovery. The rebound of European stock markets is gradually coming to an end, and European stocks are weakening. Last week, President Lagarde of the European Central Bank of Canada said that the central bank would continue to raise interest rates until inflation was reduced to 2%. Investors were disappointed that Lagarde did not put up a pigeon. The three major European stock markets fell across the board last week, and Germany's DAX index fell 0.35%; The CAC index in Paris, France, fell 0.39%, and the FTSE 100 index in Britain fell 0.94%.   At the World Economic Forum in Davos, Switzerland, several business leaders expressed their concerns about global inflation, and the impact of the tightening monetary policy of central banks on the market, which infected investors with pessimism. In addition, the results of the two major banks in the United States were disappointed compared with the market; In addition, the manufacturing index of the Federal Reserve of New York of the United States set the worst record since May 2020. After the largest decline in retail sales in the past year in December, the number of new housing starts in the United States fell for five months in a row. The data showed that the market's worries about economic recession gradually increased. The three major stock indexes on Wall Street developed ahead of each other. The Dow Jones Index fell 2.7%, the Standard&Poor's 500 Index fell 0.54%, and the Nasdaq Composite Index rose 4.34%.   A number of economic data from the United States show that the economy will slow down and make the US dollar weaken again. In addition, another time bomb in the market is quietly starting. The political conflict in Congress has led to the potential default of the US government, which is in the final countdown stage. The US insiders will make the Biden Group face more difficulties in the governance issues. The demand for gold hedging will increase. The gold price broke the high of this year again last week, and the lowest price last week dropped to 1896.7 US dollars, The market closed at US $1926.7, up US $5.7 in a week. For detailed analysis and operation suggestions, CLICK is welcome to join the group at the following links and check with the administrator https://t.me/mingtak [Service content]

2023-01-20

On January 20th Today's range U.S. economic data pointing to an economic slowdown again depressed the dollar, and the countdown to a potential U.S. government default was nearing its final stages, increasing safe-haven demand for gold, which broke through its highest level of the year to close at $1,930. Gold has been well supported at $1900 and is still in turmoil waiting for a breakout. Today's recommended range is $1,920 to $1,936. Trading in Hong Kong stocks fell below HK $100 billion ahead of the Lunar New Year holiday, which began yesterday. The Hang Seng index closed 225 points lower, following overnight losses on Wall Street, after recovering from a rally in mainland stocks, but renewed flooding sparked concerns that a peak was not far off. The index was unable to hold its upward trend, falling 27 points, or 0.12 percent, to close at 21,650. European stocks weakened as the market largely priced in optimism about China's return to normal. European stocks followed overnight losses of more than 1% in New York, after European Central Bank President Christine Lagarde said yesterday that the bank will continue to raise interest rates until inflation is pushed down to its 2% target. Investors were disappointed that Lagarde did not release the dove. The three major European markets developed separately. Germany's DAX index fell 1.72%; France's CAC index in Paris was down 1.86 percent and Britain's FTSE 100 was down 1.07 percent. Us housing starts fell for the fifth month in a row and permits for new building fell for the third month in a row after retail sales posted their biggest drop in a year in December on Wednesday, showing Americans are less willing to buy homes. In addition to rising interest rates raising the burden of housing, fears of an economic downturn and a lack of confidence are also important issues. On Wall Street, the three major indexes closed lower, with the Dow and S&P 500 both down 0.76% and the Nasdaq composite down 0.96%. A slew of U.S. economic data pointing to an economic slowdown has once again depressed the dollar, and another time bomb in the market is quietly starting. Political strife in Congress has pushed the countdown to a potential U.S. government default into the final stages, and U.S. domestic issues will make it more difficult for the Biden group to deal with policy issues. Gold closed at $1,930. It went as low as $1,901 and as high as $1,35.2 before closing at $1,932.3, up $27.8. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak [Service Content]

2023-01-19

On January 19th Today's range Gold held at the $1,900 level yesterday as hawkish comments from Fed officials weighed on growth. Resistance to the new supply zone is strong and may take some volatility to break through. Today's recommended range is $1,893 to $1,920. With Nasdaq holding its ground overnight, mobile gaming stocks in the Hong Kong tech sector also made a show of it yesterday as Tencent and NetEase gained new title titles from the National Press and Publication Administration. The news boosted a number of mobile gaming stocks by between 2 and 14 per cent, helping Hong Kong stocks to complete a rally yesterday. The Hang Seng Index opened more than 60 points higher and briefly fell 150 points before recovering to close near its session high at 21,677, up 100 points or 0.47 percent. Eurostat said consumer prices in the euro zone fell more sharply than expected in December, with the latest figures showing a negative growth of 0.4%, and media reports that European Central Bank officials are starting to consider a slower pace of interest rate increases. European stock markets have been looking for a new direction in recent days after Britain's consumer price index showed inflation in the euro zone was coming under control, as expected. Germany's DAX was down 0.03%; France's CAC in Paris was up 0.09 percent, while Britain's FTSE 100 was down 0.26 percent. The latest drop in U.S. consumer prices helped Wall Street open higher, but retail sales fell 1.1 percent in December on fears of a continued slowdown in the U.S. economy and further downbeat news of job cuts, including plans by giant Microsoft to lay off about 10,000 workers. All three major Wall Street indexes fell more than 1 percent. The Dow Jones Industrial average closed down 1.81 percent, the S&P 500 down 1.56 percent and the Nasdaq composite up 1.24 percent. A number of business leaders at the World Economic Forum in Davos, Switzerland, expressed concerns about global inflation and central bank tightening monetary policy impact on the market, the bearish market infected investors, and two major US banks reported disappointing results, while the New York Fed manufacturing index hit the worst since May 2020, the Dow Jones Industrial average closed down 1.31 percent. The S&P 500 also fell 0.18 percent, while the Nasdaq composite gained 0.14 percent. Fed officials struck another hawkish tone, with St. Louis President James Bullard saying the central bank should not delay raising its benchmark interest rate and calling for an outright increase beyond 5 percent. Separately, Cleveland Fed President Loretta Mester welcomed action to curb inflation, while another Fed official, James George, said the central bank must restore price stability. The hawkish message weighed on gold, which traded as high as $1,925.9 and as low as $1,896.8 before closing at $1,904.5, down $4.2. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak [Service Content]

2023-01-18

On January 18th Today's range The continued weakness of the yuan, coupled with expectations that European Central Bank interest rates will peak this year, pushed the dollar index back up to 102.5 and gold fell for a second straight day. Resistance to the new supply zone is strong and may take some volatility to break through. Today's recommended range is $1,900 to $1,920. Hong Kong stocks rose four days after the foot soft. The Hang Seng Index opened lower and closed lower. It was up nearly 50 points at one point, but the decline accelerated to a full-day low of 21,577 points. It was down 169 points or 0.78%. European stock markets have finally gone their separate ways, depending on the economic data. The euro zone's ZEW economic sentiment index unexpectedly returned to positive territory in January, with the latest reading at 16.7, much higher than market expectations of -23.6. The UK's pay report continued to rise, spurking inflation. Investors are concerned about the Bank of England's move to raise interest rates. France's CAC in Paris was up 0.48 percent, while Britain's FTSE 100 was down 0.12 percent. A number of business leaders at the World Economic Forum in Davos, Switzerland, expressed concerns about global inflation and central bank tightening monetary policy impact on the market, the bearish market infected investors, and two major US banks reported disappointing results, while the New York Fed manufacturing index hit the worst since May 2020, the Dow Jones Industrial average closed down 1.31 percent. The S&P 500 also fell 0.18 percent, while the Nasdaq composite gained 0.14 percent. Media reports that the European Central Bank supported a 0.5 percent interest rate hike in February, citing signs of slowing inflation, and said it could slow the rate hike in March. Although the central bank's stance is not an attempt to change the current monetary tightening policy, speculation that euro interest rates will peak encouraged the dollar to continue its rally. The dollar index closed at 102.5 yesterday and gold fell under pressure. Gold reached a high of $1,919.1, a low of $1,903.8 and a low of $1,870.3 before closing at $1,908.7, down $7.30. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak [Service Content]

2023-01-17

January 17th Today's amplitude range The RMB weakened, the US dollar index rebounded, and the trend of the gold market also rose first and then fell. The gold price recovered after hitting the highest level in the past nine months, and the adjustment range reached about US $1911, which was supported. It showed that the wish of the bulls had not disappeared, and they could still hit the high level again, but there was great resistance in the new supply area, and it might take a period of shocks to break through. Today's recommended range is $1909 to $1928. The Chinese New Year is approaching, and the global demand for RMB settlement is gradually coming to an end. The RMB price, whether onshore or offshore, has weakened, rose first and then fell yesterday, down nearly 0.3%. The Hong Kong stock market also performed repeatedly before the Spring Festival. The Hang Seng Index opened nearly 80 points higher. With the fall of the RMB, the Hong Kong stock market also declined. At most, it fell 166 points. The last market barely recovered its lost ground. The Hang Seng Index closed at 21746 points, up 8 points or 0.04%. This winter was not too cold, which eased the European energy crisis. The European Union Economic Affairs Commissioner Gentiloni also made an assessment of the energy price. He said that the European Union had reduced its dependence on energy in the past time, resulting in a sharp drop in energy prices. He analyzed that inflation in Europe had peaked at the end of last year, and expected that the European economy would be on a soft landing. In addition, investors expected that China's economy would recover, and the European economy would also benefit, The three major European stock markets continued to rise, with Germany's DAX index rising 0.31%; The CAC index in Paris, France, rose 0.28%, and the FTSE 100 index in Britain rose 0.19%. The New York stock market has a day off during the US holiday. The yuan weakened, the dollar index rebounded, and the trend of the gold market also rose first and then fell. After the gold price hit the highest level in the past nine months, it adjusted. The gold price reached as high as $1929.1, as low as $1910.9, as low as $1870.3, and closed at $1916, down $4.3. For detailed analysis and operation suggestions, CLICK is welcome to join the group at the following links and check with the administrator https://t.me/mingtak [Service content]

2023-01-16

On January 16th Today's range A resurgent China drove other non-U.S. currencies, with the dollar index falling near $102. In addition, U.S. economic data did not support hawkish policy and Federal Reserve policymakers calculated that another steep rate hike this year would push the U.S. economy into a hard spot. The dollar's renewed decline supported gold's four-week rally. Today's US holiday, the volatility may narrow. The proposed range is $1,912 to $1,925.   The Hang Seng Index rose 747 points or 3.56 percent last week, while the Hang Seng Index closed at 21,738 points, as investment banks upgraded their forecast for Hong Kong's economic growth this year and US inflation data recorded its first drop in two and a half years.          Shares of Louis Vuitton Group have been the first to break on the concept of Chinese big money travel, European retail stocks followed the rally, coupled with an unexpectedly positive growth in domestic production in the UK and better-than-expected German income, indicating that the European economy is gradually recovering. The three major European stock markets have surged for two weeks in a row, Germany's DAX index is up 3.26 percent on a weekly basis. France's CAC index in Paris rose 2.87 percent and Britain's FTSE 100 rose 1.89 percent. The latest US consumer price index released last week showed that inflation fell 0.1% in December on a monthly basis, recording the first decline in two and a half years. The data provided room for the Federal Reserve to slow the pace of interest rate hikes. In addition, the initial claims fell again last week, nearing the lowest level on record. The Dow Jones Industrial average rose 2.01 percent, the S&P 500 rose 2.67 percent and the Nasdaq Composite rose 4.82 percent. With China on the rise, the yuan surging, the dollar index briefly above 101 last week, and the market focused on last week's weak consumer price index, which contracted 0.1 percent on a monthly basis, the first decline in two and a half years, gold swung sharply on Thursday, hitting a low of $1,870.3, just $4 off last week's low. After topping $1,900 as high, bulls rallied to a near high of $1,920.3 on Friday, up $54.2 in a week to a nine-month high. For detailed analysis and suggestions, please CLICK the following link to join the group and contact the administrator https://t.me/mingtak    

2023-01-13

January 13th Today's amplitude interval The latest consumer price index, which is concerned by the market, recorded its first decline in two and a half years. The data provided room for the Federal Reserve to slow down the pace of interest rate hikes, and the US dollar index fell below. At the level of 103, the gold price once exceeded $1,900, only holding $1,878, and the gold price can further challenge the high level. Today's suggested volatility ranges from $1,885 to 1910. Dollars. Hong Kong stocks rose more than 160 points following the opening of the US stock market overnight, but the wait-and-see atmosphere in the market was strong. Investors waited for the release of the US consumer price index, and the Hang Seng Index performed repeatedly. In addition, the leading stocks of science and technology were pushed down by 2% in the Hong Kong stock market, which affected the performance of the market. The fluctuation range reached 475 points, with a maximum of 21,698 points. After hitting another six-month high, the final increase narrowed to 78 points or 0.36%, and the Hang Seng Index closed at 21,514 points. Hong Kong stocks are gaining more profits, which may further Adjust it to 20700 points to support it. After the share price of the world's largest luxury brand peaked, the European retail sector rose, indicating that consumption in the European market is recovering one after another, coupled with inflation in the United States The data recorded the first decline in two and a half years, the US dollar index fell below 103, the three major European stock indexes rose for two consecutive days, and the German DAX index rose by 0.74%. France The CAC index in Paris rose by 0.74%, while the FTSE 100 index in Britain rose by 0.89%. The United States released the latest consumer price index yesterday, showing that inflation was monthly in December last year. It fell by 0.1%, the first decline in two and a half years. The data provided room for the Federal Reserve to slow down the pace of interest rate hikes. In addition, the number of first-time applicants last week once again Falling, approaching the lowest level in history, the risk market immediately reflected the data direction, US stocks rose, the Dow Jones index rose 0.64% to close, and the Standard & Poor's 500 index. It rose by 0.34%, and the Nasdaq Composite Index rose by 0.64%. The market paid attention to the consumer price index released last night, and the latest monthly data recorded a contraction of 0.1%, the first decline in two and a half years, and the gold market immediately showed a sharp trend. Fluctuation, the trend of gold price bottomed out and peaked, and its power was like the Monkey King's dinghai Shenzhen, with a minimum of $1,870.3 and a maximum of $1,901.7, and then more. The air fight was fierce, and finally the bulls won, closing at $1,896.8, up $20.8. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-01-12

January 12th Today's amplitude range The market is concerned about the consumer price index released tonight, and investors expect that the figure will drop somewhat. If this is the case, the pressure of the Federal Reserve to raise interest rates will also be released. There are Gold price, and vice versa. It is only a matter of time before the price of gold hits $1900. Once it breaks $1900, it can be speculative. Today still keeps yesterday Suggested daily volatility is $1,868 to $1,888. At the global central bank forum on Tuesday, Federal Reserve Chairman Powell only proposed the independence of the central bank, but did not make any guidelines on interest rates. Investors threw it away. Go to my heart to help U.S. stocks rise overnight. Hong Kong stocks also took on the rise of U.S. stocks yesterday, opening higher by more than 130 points, with a maximum of over 300 points and a record high of 21,686 points. After a six-month high, the increase narrowed to 104 points, and the Hang Seng Index finally closed at 21,436 points, up 0.27%. Undertake the rising trend of Asian stock markets, and see the Federal Reserve for the market. Chairman Powell didn't put the eagle on the lookout. Investors hoped that the Federal Reserve might slow down the rate hike. The big three in Europe ushered in a rebound, and the DAX index in Germany rose by 1.17%. France Paris CAC index rose by 1.8%, and UK FTSE 100 index rose by 0.41%. According to an economic research report published by a large US-funded bank, the increase of the US consumer price index began to slow in December last year, and it is expected that the figure will fall back to 6.4% to 6.6%. In the meantime, it dropped by nearly 50 points from 7.1% in November last year. The market expects that the same will be true of the U.S. inflation data released on Thursday. U.S. stocks opened higher and closed higher, with all three major stock indexes in new york. The Dow Jones index rose 0.8%, the Standard & Poor's 500 index rose 1.28% and the Nasdaq Composite Index rose 1.76%. Looking forward to China's economic normalization and strengthening In response to the demand for crude oil, the international oil price soared, hitting the $80 mark again, and the gold price soared in the early stage, hitting another high this year yesterday, the highest ever. $186.7, but the U.S. stock market opened higher, which hit the rising price of gold. The price of gold began to decrease in the U.S. market, with the lowest price of $1,867.2 and finally $1,876. At the close, it fell a little by $1, which is considered as volatility but no increase. For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator. https://t.me/mingtak

2023-01-11

January 11th Today's amplitude range The market paid close attention to the speech of Fed Chairman Powell last night, but he did not make any comments on the federal funds rate. The market was relieved that the dollar weakened slightly and the gold price corrected upward. It is only a matter of time before the gold price hits US $1900. The three-hour chart shows a small round bottom, and it is expected to hit the high of this year again today. Today, keep yesterday's suggested fluctuation of $1868 to $1888. China is also reissuing tourist visas to its citizens, but many countries around the world fear that Chinese tourists will bring variant virus strains, and have strengthened their requirements for Chinese immigrants to produce a 48-hour nucleic acid negative report. China said earlier that it would take discriminatory entry restrictions against China to a few countries and take reciprocal measures. Yesterday, China announced that the mainland would suspend the issuance of all visas to Korean tourists, with immediate effect. The door of China was suddenly half closed, and the market worried that the speed of normalization was slowed down. The Hang Seng Index opened low and closed low. The Hang Seng Index finally closed at 21331, down 56 points or 0.27%. The World Bank released its latest economic forecast. Due to the soaring energy costs and the monetary tightening policies being implemented by the central banks of all countries, the borrowing costs have increased, the operating profits of the enterprise industry have been reduced, and the unstable situation of the Russian-Uzbekistan war has reduced the global economic growth forecast for 2023 from 3.0% in June last year to 1.7%, which is the third lowest growth figure in nearly 30 years. The three major European stock markets recovered, with Germany's DAX index down 0.15%; The CAC index in Paris, France, fell 0.22%, and the FTSE 100 index in Britain fell 0.4%. Following Daley's hawking in the market, the Fed said that the peak interest rate of the Fed's current interest rate increase cycle is believed to exceed 5%. The market is concerned about the Fed Chairman Powell's speech at the International Conference on the Independence of Central Banks last night to see whether his speech will further support Daley's view. However, Powell only stressed the independence of the Federal Reserve, but said nothing about the interest rate or the US economy. The US stock market was relieved. The Dow Jones Index rose 0.56% to close, the Standard&Poor's 500 Index also rose 0.69%, and the Nasdaq Composite Index rose 1.01%. The market paid close attention to the speech of Federal Reserve Chairman Powell last night, fearing that he would confirm Daley's opinion on the peak interest rate of the federal funds rate. The gold market performed relatively flat yesterday, with a fluctuation of only $13. Powell did not mention the interest rate, the dollar slightly decreased, and the gold price rose to close. The price of gold rose from $1867.9 to $1880.8 and ended at $1877, up $5.3. For detailed analysis and operation suggestions, CLICK is welcome to join the group at the following links and check with the administrator https://t.me/mingtak [https://t.me/mingtak][Service content]