Gold market analysis

2021-07-20

July 20 th   Today's volatility range: Gold price is supported at the psychological barrier of $1,800. The COVID-19 epidemic shows signs of rebounding globally. Yesterday, global stock markets plummeted, and investors turned to the US dollar to hedge. The US dollar index once broke through the 93-point level. The 10-year U.S. Treasury bonds were sought after and the price rose, which forced the yield to drop to a five-month low, close to 1.18%. This has become the reason for suppressing the growth momentum of gold price. Gold prices are under pressure, Although the market closed up yesterday, it was still not far from the turning point of US$ 1,812. The Federal Reserve will announce the interest rate decision at 2 am on the 29th of this month. It is expected that before the interest rate decision in July, Gold price will still be a volatile market, but the performance of gold price is lower than one wave, which is testing the support of $1,800. Today, the proposed amplitude is between 1798 and 1820.   In the fourth quarter of last year, Alibaba Group's Ant Technology Group's Shanghai-Hong Kong simultaneous listing plan hit the rocks. At that time, the media reported that China's four major regulators interviewed group executives, including Ma Yun, the person in charge behind Ant Group. Subsequently, the Shanghai Stock Exchange sent a letter to reject the application for listing of Ant Group, and explained as follows: "Major events such as changes in the financial technology regulatory environment" led to "the company does not meet the requirements for issuance and listing or Information disclosure requirements ",the market has already felt that the government's monopoly behavior on technology giants has exceeded the red line, and Ma Yun's conceit has caused the regulators to step down without steps, which will definitely lead to a new wave of regulatory behavior. Sure enough, Yesterday, it was reported that China's financial regulatory authorities have set a timetable for the rectification of the network platform industry, requiring Ant Group and 13 network platforms, as well as all networks involved in collecting personal privacy information services The company must cooperate with the regulatory authorities to rectify the direction, and the deadline is the end of 2022.   Yesterday, technology stocks led the decline, and Hang Seng Index closed down 515 points or 1.84%. Typhoon Chapaka is approaching Hong Kong. Due to the influence of its rain belt, it is rare for the Hong Kong Observatory to hang yellow rainstorm warning signals twice a day. The signals were sent at 2: 35 am and 12: 30 noon yesterday, and both signals brought more than 30mm of rainfall per hour to Hong Kong. Compared with the floods in Germany, the weather conditions in Hong Kong are only dwarfed. Last week, there were many days of heavy rains in Germany, and many houses and cars were washed away by floods. At present, hundreds of people are still missing, and at least 156 people died in the hardest hit areas. German Chancellor Angela Merkel inspected the disaster site and described the situation as surreal and Shocking and indescribable! I promised to help the local reconstruction as soon as possible, and initially allocated 300 million euros to deal with the disaster. Extreme weather is warning mankind that the carbon footprint must be counted, but somehow, When and who will pay for it! In the long run, countries around the world, especially economically advanced countries, should promote more policies to deal with climate change; You can also consider how to contribute to environmental protection.   Although the economic losses caused by heavy rains in Germany are estimated, the epidemic situation in Europe has rebounded, and some European countries have announced to tighten epidemic prevention measures. The epidemic and natural disasters once again shattered European stock markets, and the three major European indexes fell for the fifth consecutive day. The German DAX index fell 2.62%; The CAC index in Paris, France fell 2.54%; Britain's FTSE 100 index fell 2.34%. Coronavirus cases in the United States also rebounded this month. The US Centers for Disease Control and Prevention said that in the past week, On average, nearly 30,000 new cases are added every day in the United States, which is about 11,000 cases per day on average in the seven days before the past month, which is nearly three times higher. Worried that the epidemic will once again hit the economic recovery and affect the retrogression of corporate profits, the three major Wall Street yesterday The index fell across the board, none of the constituent stocks of Jones index rose, and finally fell 2.09%, the Standard & Poor's 500 index fell 1.59%, and the Nasdaq index fell 1.1% for five consecutive days.   The price of gold rose to a daily high of 1817 US dollars yesterday, but the COVID-19 epidemic showed signs of rebounding globally. Yesterday, global stock markets plummeted, investors turned to the US dollar to hedge, and the US dollar index once broke through to the level of 93 points. The US 10-year government bond price, Rising, its yield was forced to fall to a five-month low, close to 1.18%, which suppressed the decline of gold price. The lowest price of gold was 1795 US dollars yesterday, but it was supported at the psychological barrier of 1800 US dollars yesterday, and finally rebounded to 1813 US dollars to close. Up one dollar. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-19

July 19 th   Today's volatility range: Due to the epidemic situation in Europe and natural disasters, investors turned to the US dollar to avoid risks, while the euro and pound were soft against the US dollar, and the US dollar index once surged to 92.7, which suppressed the growth momentum of gold prices. In addition, investors are worried that runaway inflation will accelerate the possibility of the Fed's early contraction, so the gold price is under pressure and finally falls to the turning point of $1,812. I believe there will be a chance to try the low level again next week, but it is expected that $1,800 will be supported. Out-of-control inflation has become a concern of Fed officials, and the Fed will explain it again on the 29th of this month, but I believe that when the economy has not fully recovered, especially when the employment level has not reached the pre-epidemic level, It is difficult for the Fed to push forward and shrink its schedule. It is expected that the price of gold will still be a volatile market before the interest rate split in July. Today, the suggested volatility is between 1800 and 1820. Earlier, China's State Internet Information Office conducted a network security review of technology companies, including requiring companies with 1 million or more user data to apply to the authorities for sale before listing overseas. To ensure that key information, infrastructure and supply chain are stable enough to maintain national security standards, and the listing documents can only be submitted after approval. After the news came out, many Chinese companies stopped urgently and attached the listing plan in the United States. The Hong Kong Stock Exchange has the opportunity to accept some of these companies to list in Hong Kong. The Hong Kong Stock Exchange was given the opportunity to kill chickens, and Beishui took the lead in responding, increasing the southbound flow and stimulating the rise of Hong Kong stocks. The Hang Seng Index closed slightly by 0.03% on Friday. The new crown virus Delta, which is more transmissible, has become an obstacle to the global economic recovery again. Fauci, director of the National Institute of Infectious Diseases of the United States, said on Friday that about 100 countries have now found Covid-19 Delta variant virus strains. And began to dominate the world, saying that the world is dealing with a terrible variant virus. Although vaccination program is a more effective way to contain the virus at present, with the uneven distribution of vaccines and globalization, Inevitably drag each other down. British Prime Minister Johnson announced at the beginning of this month that he would relax the restrictions on Covid-19. He plans to end the social distance restrictions in the UK today, including lifting the restrictions on the number and location of people meeting in social occasions; and Cancel the mask order. However, on the eve of the implementation of the policy, bad news came again on Thursday and Friday. On average, there were more than 50,000 new confirmed cases of pneumonia in Britain in two days, which reached a new high in half a year.   In addition to being ruthlessly hit by the epidemic, Europe also experienced a rare natural disaster in a hundred years. Germany was hit by heavy rain, with an estimated missing population exceeding 1.3 thousand. On Friday alone, at least 126 people were killed together with neighboring Belgium. The economic losses caused by floods are estimated for the time being. The epidemic and natural disasters shattered European stock markets, and the three major European indexes fell for the fourth consecutive day. The German DAX index fell 0.57% and the French Paris CAC index fell 0.51%; Britain's FTSE 100 index fell 0.06%. In terms of U.S. data, the U.S. released the July Consumer Confidence Index on Friday night, and the results showed that the people were not optimistic about the economic prospects of the U.S.. Consumers thought that as the epidemic slowed down, The economy will recover, but while the employment situation is still sluggish and wages have not improved, prices are growing rapidly. Curbing accelerated inflation has become a public concern, which will cause Fed officials to pay attention to it next time The pressure of meeting on interest rate. The market is worried that runaway inflation will accelerate the possibility of the Fed's early contraction. Coupled with the rebound of the US epidemic, the three major Wall Street indexes reported losses on Friday, with the Dow Jones index falling 0.86% and the Standard & Poor's 500 index falling 0.77%. Nasdaq index fell for four consecutive days, down 0.8% to close. The epidemic and natural disasters shook the European stock markets, investors turned to the US dollar to hedge, the euro and the pound were soft against the US dollar, and the US dollar index once surged to 92.7. This operation suppressed the growth momentum of gold price. In addition, investors are worried that runaway inflation will accelerate the possibility of the Fed's early contraction, and the price of gold is under pressure, eventually falling by US$ 17 at US$ 1,812. In a week, It went up by four dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-16

July 16 th   Today's volatility range: US Federal Reserve Chairman Powell attended the Senate hearing for the second consecutive day yesterday, saying that this high inflation is unique and hinted that it will not shrink before the end of 2022. Powell's continued pigeon release is beneficial to gold price performance. Best of all, under high inflation, the yield of 10-year U.S. Treasury bonds fell, supporting gold, a technology tool that won't earn interest. The gold price difference was only $0.8 before yesterday The proposed short-term target is $1,835, but it is only $1,820 to stabilize and $1,835 is just a stopover. It is expected that the price of gold will be consolidated before breaking through. Today, the proposed amplitude is between 1820 and 1836. Earlier, China Cyber Security Regulatory Bureau conducted anti-monopoly regulatory review on leading technology companies, and investors were worried that the whole high-tech industry would be purged and suppressed, and its performance would stagnate. Yesterday, it was reported by the media that 33 Internet companies in the Mainland, including Alibaba and Tencent, jointly signed the Industry Anti-monopoly Self-discipline Convention. Their automatic dedication this time is in response to the central government's "strengthening anti-ridge." Break and prevent disorderly expansion of capital ",followed by avoiding suspicion. However, it is said from the market that Alibaba and Tencent have come up with an excellent bridge to resolve the crisis brought by anti-monopoly and turn it into an opportunity! It is reported that the two leading technology companies will allow each other to enter some of their own software platforms to avoid the suspicion of monopoly. Although the news has not been confirmed, it has stimulated the Hong Kong stocks Alibaba to open higher and Tencent to rise sharply. Leading the overall atmosphere of the market yesterday, Hang Seng Index rose 0.75% to close yesterday.   The epidemic hit European stock markets, and the performance of many companies was not satisfactory. The three major indexes of European stock markets fell for the third consecutive day. The DAX index in Germany fell by 1.01% and the CAC index in Paris, France fell by 0.99%; Britain's FTSE 100 index fell 1.12%. In terms of US data, the number of people applying for unemployment benefits for the first time in the United States fell to a 16-month low last week, with a figure of 360,000, which was in line with market expectations, reflecting the increased motivation of the job market, but the shortage of workers led to an increase in wages. It will hinder enterprises from raising production costs to meet demand and aggravate investors' worries about rising inflation. After the data was released, the US dollar index once climbed to 92.7 points yesterday. US Federal Reserve Chairman Powell attended yesterday At the Senate hearing, it was bombarded by members, questioning whether Powell's commitment to controlling inflation could be fulfilled. Some members ridiculed that the Fed could not predict the inflation level, and could it be believed that the Fed could predict it Duration of inflation. Powell seems to be under pressure in the face of sharp criticism, but everyone with discerning eyes knows that the biennial election of the Senate will be held in 2022, and Members have taken the opportunity to pump water, which is nothing more than a political gesture to win votes.   Powell added yesterday to Wednesday's statement that the road to economic recovery is still long. He said that inflation and the rate of employment growth will determine the Fed's monetary stance. When the Fed issued a tightening monetary policy, The market tends to fluctuate violently. Therefore, by November 2022, the timing of any possible reduction or interest rate increase may play a decisive role. And said that he would continue to hold active discussions in future meetings on interest rates. The Federal Reserve continued to be biased towards pigeons, and hinted that it would not shrink its table before the end of 2022. The yield of 10-year US Treasury bonds fell to 1.30%. The number of new claims for unemployment benefits in the United States fell last week, but the shortage of workers led to an increase in wages. It will hinder enterprises from raising production costs to meet demand and aggravate investors' worries about rising inflation. Triggered investors to sell shares in the new economy, the three major Wall Street indexes developed individually yesterday, and the Dow Jones index rose by 0.15%. The Standard & Poor's 500 Index fell 0.33%, and the Nasdaq Index fell for three consecutive days, losing 0.7% to close. Federal Reserve Chairman Powell released pigeons for the second day in a row, and the gold market turned upward. Yesterday, the price of gold was as low as $1,820 and as high as $1,834. It hit a new high this month for two consecutive days, and finally closed at $1,829, up $2. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-15

July 15 th   Today's volatility range: After the gold market fell sharply in mid-June, it was revised and consolidated for nearly a month. After it started to hold steady at $1,800 last week, it finally exploded yesterday and successfully reached a new high this month. Inflation in the United States has risen sharply as the epidemic has slowed down. And hit a record high in more than ten years. Gold is basically one of the anti-inflation tools, and the central bank's printing of silver paper is conducive to the performance of the gold market. This morning, US Federal Reserve Chairman Powell released a pigeon, saying that it will maintain a loose monetary policy. The message brought the Wangjin market up. The price of gold fell sharply in the middle of last month, like a free fall, and there may be no resistance when it rises; If the price of gold stabilizes at $1,820, the short-term target will fall in two hours on June 17 The bottom of the first stick is $1835. Today's proposed amplitude is between 1818 and 1832.   Earlier, the Hong Kong government announced that it would implement? With regard to rent control measures, government officials said that the major principle of legislation is to ensure that property owners will not leave the market, but also to protect them. Rent households to avoid their displacement. The reality is Hong Kong There are many small people, and the long-term imbalance between supply and demand makes the housing at an expensive level for a long time, which makes it difficult for many shellless snails to get on the bus. They only have to rent a house for a long time, and there is a trend that the more they live, the more expensive they are, and the more they live, the more remote they are. According to a survey report, due to the stabilization of the epidemic and the low interest rate environment supporting the property market in Hong Kong, the property market atmosphere is quite hot, and the property price in Hong Kong is approaching the historical high in 2019, indicating that the property price in Hong Kong has risen by 3% in the first half of this year. It is expected that property prices will continue to rise, and then property prices will have a chance to peak. In the face of rising property prices, the rate of return alone is used to calculate, and the rising tide lifts the boat. It seems that in the future, tenants can only continue to get expensive rents! Hong Kong stocks opened higher and closed lower. Yesterday, the market opened slightly higher by nearly 2 points, which was already a full-day high. After that, financial stocks led the decline, and finally the Hang Seng Index closed down by 0.63%.   In June, inflation in the UK rose above the Bank of England's target of 2%. Yesterday, the UK announced the June consumer price index, which rose by 2.5% year-on-year and 0.5% month-on-month, both of which were also higher than market expectations. According to the Bank of England, With the economic recovery from the epidemic prevention blockade, the inflation rate is expected to continue to rise, but it is considered that inflation is only temporary and the central bank will not cut stimulus measures. The epidemic hit European stock markets, and the three major indexes of European stock markets fell for the second consecutive day. The German DAX index and the French Paris CAC index fell less than 1 point; Britain's FTSE 100 index fell 33 points or 0.47%. After the consumer price index recorded a big increase, another inflation data in the United States, the producer price index also accelerated in June Rising trend, rising and exceeding market expectations. Last night's June production price index rose by 1% month by month and 7.3% year by year, among which the year-on-year increase was the biggest since November 2010. As production costs rise, businessmen will If new costs are passed on to consumers, they will eventually push up prices and affect inflation.   Federal Reserve Chairman Powell attended the hearing of the Financial Services Committee of the House of Representatives at 0: 00 this morning, saying that the US economic recovery has not yet reached the level that can enable the Federal Reserve to start reducing the scale of debt purchase. It is appropriate to maintain a high degree of monetary policy easing at present. He also noted that the newly released inflation data exceeded expectations, but still believed that high inflation was temporary. He reiterated that if high inflation persists and may undermine inflation expectations, the Fed will definitely change its policy at its discretion. And there will be tools to deal with it. Powell stressed that one of the conditions for raising interest rates is that the US economy is in the maximum employment situation, and the US job market continues to improve, but the road to recovery has not yet been completed. Finally, Powell said that the Federal Reserve is considering reducing its debt buying. Discussions will continue at future meetings on interest rates, and this month's meeting will discuss the timing of reducing the scale of debt purchase. Inflation data greatly exceeded expectations, but it did not scare investors as early as two days ago; Because Federal Reserve Chairman Powell yesterday, When attending the hearing, he pointed out that inflation is temporary and will maintain a loose monetary policy. Dove speech supported traditional economic stocks. The three major Wall Street indexes developed individually yesterday, with Dow Jones index falling 0.13% and Standard & Poor's 500 index falling 0.12%. The Nasdaq index fell by 0.22%. After a sharp fall in mid-June, the gold market was revised and consolidated for nearly a month. After it started to hold steady at $1,800 last week, it finally exploded yesterday, successfully hitting a new high this month, with a maximum of $1,830. It finally closed at $1827, up $19. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-14

July 14 th   Today's volatility range: The gold market once again turned in a single day, and the core consumer price index of the United States rose sharply. After the data was released, the price of gold quickly went up and down. The price of gold once surged to US$ 1,817, but the growth rate of the US dollar and national debt limited the increase of the gold market. It once fell to $1,799, but immediately rebounded and closed with the candle, showing once again that $1,800 has become a long-term position! Last night, the United States announced the core consumer price index for June, the biggest increase since 2008. Rising inflation will put more pressure on Fed officials and have the opportunity to trigger the Fed to reduce its debt purchases early. Federal Reserve Chairman Powell will witness Congress this evening and tomorrow, and investors will try their best to find out in their testimony Anything to find out what's going on with the Fed. Besides, the producer price index for June in the United States is also available tonight, which is one of the data for measuring inflation. The price of gold stabilized at 1800 US dollars, and it is consolidating at this stage. And gradually rising, is challenging this month's high. Today's proposed amplitude is between 1796 and 1818.   A comprehensive RRR cut will be implemented from the mainland on the 15th of this month. There are signs that China's economic recovery began to slow down. However, its exports unexpectedly soared in June yesterday, increasing by 30% year-on-year, which will help support China's declining economic situation. According to analysis, this growth depends on the global demand for medical supplies, especially vaccines, sanitary disinfection products and medical equipment for Covid-19. On the other hand, other Chinese competitors in Asia, such as India and Vietnam, In the second quarter of this year, the epidemic situation deteriorated and many orders were transferred to China, which also contributed to China's export momentum. Experts predict that with the gradual recovery of production capacity in other regions, China's orders will decrease, and the transportation cost will be relatively high. The upward trend will slow down. Didi Chuxing was pointed out by the State Cyber Security Regulatory Bureau that the software platform involved information security issues, and was ordered to be removed from the shelves, which set off a new round of panic about the reorganization of network enterprises in the Mainland, and triggered a sharp fall in Chinese-funded network stocks earlier. And then, The Ministry of Industry and Information Technology tightened the requirement for technology stocks to be listed in other places. When investors worried that the whole high-tech industry would be purged and suppressed, yesterday, the market reported that the State Administration of Market Supervision approved Tencent's acquisition of shares in sogou. The event raised the positive atmosphere in the market, with Hong Kong stocks rising above 28,000. Although the market closed at a low level, it still rose by 448 points or 1.63%.   The Bank of England announced that it would completely cancel the dividend distribution restrictions on European-funded large banking groups, which means that banks can pay dividends to bank shareholders according to their current financial situation and according to their wishes. The news made bank stocks popular, However, Delta, a COVID-19 variant virus with wider spread, suppressed market sentiment, and other Western European countries, including France and Spain, announced new social restrictions. The three major indexes of European stock markets fell by 0.01%. Last night, America announced Economists generally believe that the core consumer price index in June will increase by 0.4% compared with that in May, but the figures are even more shocking, with a sharp increase of 0.9%, the biggest increase since 2008 and 4.5% higher than that in the same period last year. Inflation is rising, It will put more pressure on Fed officials and have the opportunity to trigger the Fed to reduce its debt purchases early. Nevertheless, the yield of the US dollar index and the US 10-year Treasury bonds were 0.6% and over 3.5%, respectively.   Inflation was much higher than expected, which made the market wary, fearing that the Fed would shrink its table ahead of schedule. The three major indexes on Wall Street all reported declines yesterday, with Dow Jones index falling 0.31%, Standard & Poor's 500 index falling 0.30% and Nasdaq index falling 0.38%. The gold market once again showed a one-day turn. The United States announced the core consumer price index in June last night, the biggest increase since 2008. After the data was released, the price of gold rose rapidly, with the highest price of 1817 US dollars, the US dollar index and the yield of US 10-year government bonds. Rising, suppressing the performance of gold. The price of gold once fell below the $1,800 mark, reaching a minimum of $1,799, and then rebounded to $1,808 to close, rising by $2. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-13

July 13 th   Today's volatility range: The gold market once again showed a one-day turn. The strength of the US dollar and the stock market suppressed the performance of gold. The price of gold once fell below the $1,800 mark, and the lowest was $1,792. It turned into a long-term low-sucking opportunity and finally rebounded By the close of $1806, although there was a candle, it was enough to prove that $1800 had become a long-term position! Investors should pay attention to the US core consumer price index data for June tonight, economists It is generally believed that the figure will increase by 0.4% compared with May, and the rising inflation will have the opportunity to trigger the Fed to reduce its debt buying schedule earlier. The gold price has been corrected after falling sharply in June, and is now consolidating. Today's proposed amplitude is between 1795 and 1812.   On the other hand, the mainland will implement a comprehensive RRR cut on the 1st and 5th of this month, and the People's Bank of China will cut the deposit reserve interest rate of financial institutions by 0.5%. The measures will provide more than RMB 1 trillion in liquidity, which is beneficial to economic development. Although officials of the Ministry of Finance denied the adjustment of monetary policy, the second RRR cut shows that China's economic growth is at a neck, and it is expected to release water to stimulate the economy to recover its disadvantages. The Hong Kong Special Administrative Region, which is separated from the motherland by a river. It is also facing an economic test. Under the ravages of the COVID-19 epidemic that lasted for a year and a half, Hong Kong is almost closed, and all walks of life are almost stagnant. Although the data released by Hong Kong officials and official agencies all point to the economic recovery, However, a university conducted a telephone survey to Hong Kong people in June, and the survey report showed that the people still lacked confidence in the future. According to the university survey, the overall consumer index of Hong Kong recorded 65.7 this quarter, compared with the previous quarter It increased by 5.3%, but still decreased slightly by 0.8% year-on-year. In the statistics of sub-projects, the five categories of employment, economic development, investment in stocks, purchase of houses and consumption status have increased compared with the previous quarter; Among them, the employment index rose the most, with 16.7%. It is estimated that the government reopened several forbidden places and restarted the labor force in this industry. The report pointed out that consumers' confidence in the price situation dropped by 21.6%, indicating that the economic recovery rate lags behind inflation. In addition, the report pointed out in the summary that the index in all survey areas is insufficient 78 (out of 200), indicating that Hong Kong people's confidence in the economic prospects is still at a low level. The news of overall RRR cut continued to stimulate Hong Kong stocks to rise, and Hang Seng Index rose by 0.67%. The European Union announced a reassessment of the digital tax collection plan, Decided to suspend the taxation plan introduced at the end of this month. The EU explained that suspending the introduction of digital tax allowed the EU to focus on the negotiation of the global minimum tax agreement reached by the G20 earlier. It is important to know that American giant companies have swept the world, with a few monopolies, and European companies are rarely the rivals of these giants. After the branches of American giant companies settled in Europe, they could not share their economic achievements because of the loopholes in the tax system. The European Union can be said to love and be cruel to the American Internet giant. Earlier, it repeatedly accused Gu Ge, hoping to require the company to dismantle its bones in Europe through anti-monopoly law, so that European companies can join the competition. The investment community generally believes that the European Union has given way to the pressure from the United States, and hopes to make another plan in the global taxation. The three major indexes of European stock markets have performed unevenly in the past week, and the German DAX index rose by 0.64%; CAC Paris, France The index rose by 0.46%; In Britain, the FTSE 100 index rose by 0.05%. The ideal of the external stock market, coupled with the announcement of the European Union to suspend the introduction of the taxation plan at the end of this month, eliminated the uncertainty of the after-tax profits of American high-tech enterprises. For two consecutive days, new york's three major indexes hit a new high, Dow Jones index rose 0.37%, Standard & Poor's 500 index hit a new high, up 0.38%, and Nasdaq index rose 0.21%. The gold price took on last Friday's upward trend in the early stage. The highest price was $1,811, but the strength of the US dollar and the stock market suppressed the performance of gold. The gold price once fell below the $1,800 mark, and the lowest was $1,792. After that, it rebounded to $1,806 and closed again, showing a one-day turn. A slight drop of $2. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-12

七月12日 今日波幅區間： 金市連升3週,金價上週仍是震蕩上行,投資者憂慮變種病毒仍存在威脅,擔心經濟復甦進度受損,美元指數從三個月的高位回落至92.2點水平, 有利金市表現。上週四市場出現恐慌,金、股、匯報皆報下跌,金價日線圖並出現十字星,原以為上升勢頭被破壞,但週五金價明顯反彈, 1800美元失而復得,顯示1800美元已成多頭守關位置！今個星期要留意美國6月核心消費價格指數及首次申領失業金融人數；這兩項勞工及興通脹 有關的數據仍將左右聯儲局的貨幣政策。金價在修正進行當中,仍將震盪。今日建議波幅在1798-1815之間。 香港股市進入七月後表現令人洩氣,港股連跌8日！慶祝建黨百周年及香港回歸過後,國家維穩工程完畢,北水外流變急,加上週初中國網約召車龍頭 ｢滴滴出行」在美國上市不久,即遭國家網絡安全監管局指｢滴滴出行」軟件平台涉及訊息安全問題,而被勒令下架,掀起內地新一輪科網企業整改恐慌, 觸發大型中資科網股重挫。之後,工信部針對科技股的小程式內的「廣告違規行為」,而中國網絡安全監管局亦繼續對科技龍頭公司進行反壟斷監管審查, 投資者憂慮整個高新科技行業將被整肅打壓,影響將來發展,一眾中國科網股遭拋售,港股星期四現熊踪,恆生指數單日跌2.79%。中國人民銀行在週五宣布, 將於七月15日下調金融機構存款準備金利率0.5%,此項措施將灌水超過一萬億人民幣流人市場,有利投資,立竿見影,恆生指數反彈0.7%。但以一星期計, 恆生指數仍跌754點或2.68%。 今次內地全面降準,亦不多不少顯示中國經濟處於困境,期望放水刺激經濟挽回劣勢。歐洲央行調整中期通脹目標,設定在2%或溫和在此目標之上, 取代之前的低于但接近2%的表述,市場認為歐洲央行是次上調通脹指標,將支持更長遠的貨幣寬鬆政策。但新冠變種病毒株不斷在全球擴散,構成威脅； 歐洲央行行長拉在上週表示,歐洲現階段的經濟風險或多或少是平衡的,但她豪不諱言地說,新冠變種三角洲病毒有機會打破這個平衡。歐洲股市三大指數過去 一週表現參差,德國指数指數升0.38%;法國巴黎成都飞机公司（Chengdu Airplane Company的缩写）指數跌0.25%;英國富時100指數跌0.02%。美國上週勞工數據方面出現矛盾,美國勞工流動調查報告職位 空缺數多達9.21百萬個,但上星期四最新公布的首度申領失業金人數出乎意料不跌反升,新出爐數字為37.3萬人,比市場預期的35萬為差。專家認為數字儘管 有所反彈,但仍是疫情爆發以來的低點,預計今年下半年勞動力市場將有力進一步改善。 新冠變種病毒株成全球復甦的障礙,美元指數從三個月的高位回落至92.3點水平,但投資者憂慮市場失去動力,美元成避險資產首選,聯儲局僅以0.05%利率 亦能不斷創逆回購新高,可見一班。而美國10年期美國國債收益率連跌九日,現價反映平均1.35%左右亦受追捧。當然,進入美元風險市場的更大不乏人, 紐約股市表現獨樹一幟,雖然在週四因疫情憂慮引發「恐慌指數VIX指數一度暴漲近30%,投資者爭相拋售股票令整體股市下跌；但總結一週,華爾街三大指數 全面報升,道瓊斯指數升0.66%,標準普爾500指數創收市新高,升0.99%,納斯達克指數則升0.82%。金市連升3週,金價自6月中大跌後進行修正,加上市場對 疫情復甦存有懷疑,避險情緒有利金價走勢,金價上週仍是震蕩上行,並成功衝破關鍵的1800美元,最高見1818美元。在週四,市場出現恐慌,金、股、匯報 皆報下跌,金價日線圖出現十字星,原以為上升勢頭被破壞,但週五金價明顯反彈,反彈至1808美元收市,升6美元,以一星期計則漲20美元。 如欲了解詳細分析及操作建議,歡迎点击以下連結入群及向管理員查詢 https://t.me/mingtakchat

2021-07-09

July 9 th   Today's volatility range: Investors worried that the variant virus still threatened and the progress of economic recovery was damaged, and the US dollar index dropped from a three-month high to 92.3 points. The number of initial jobless claims in the United States unexpectedly rose last week, It did not help the performance of gold price, and the record of gold price rising was broken. Although the price of gold closed above 1800 USD, there was a double peak below 1820 in the trend, with great upward resistance. Today's proposed amplitude is between 1792 and 1810.   Only two weeks before the opening of the Tokyo Olympic Games, the SAR Government held a flag-raising ceremony for the delegation of the Tokyo Olympic Port Team at Government House yesterday afternoon. The process was presided over by Chief Executive Carrie Lam Cheng Yuet-ngor, and Hong Kong will be dispatched for this Olympic Games 46 sports elites played in 13 different sports. Last year, a new type of pneumonia broke out globally. This global event has been forced to be postponed for one year. Sports elites who have been preparing for many years can finally make it. Unfortunately, due to new varieties in recent days, Threatened by viruses, Japan announced that Tokyo would enter a state of emergency in order to welcome the upcoming Olympic Games, and it would hold the Games in a closed-door manner that did not allow spectators to enter and watch the Games. Hong Kong people can only cheer them up through fluorescent screens. What is frustrating is the performance of Hong Kong stock market. Hong Kong stocks have fallen for 8 days in a row, and there has been a small stock market crash! The Ministry of Industry and Information Technology recently targeted the "advertising violations" in the small programs of technology stocks, and the China Cyber Security Regulatory Authority continued to Leading technology companies conducted anti-monopoly regulatory review, and investors worried that the entire high-tech industry would be purged and suppressed, affecting future development. A number of Chinese science and technology stocks were sold off, and the Hang Seng Technology Index plummeted 3.75%; The selling behavior also dragged down the Hang Seng China Enterprises Index by 3.2% yesterday. Hang Seng Index finally fell 2.79%. There are three steps in the market's spread of mainland supervision: "If you release it, you will be chaotic, if you are chaotic, you will receive it, and if you receive it, you will die." "If so, Twenty-seven thousand will almost certainly fall.   The European Central Bank adjusted its medium-term inflation target to 2% or moderately above this target. The European Central Bank abandoned the previous statement of lower than but close to 2%, which is based on the actual inflation situation and a change in strategy. Avoid vague impression of economic prospects and support indicators for changing the current monetary policy. European Central Bank President Lagarde even came out to explain the plan, saying that the new goal does not mean that the policy will be tightened eventually. The market believes that the European Central Bank is raising this time Inflation indicators will support the longer-term monetary easing policy, and the euro rose slightly against the US dollar. The European Commissioner just pointed out on Tuesday that the COVID-19 variant virus strain is spreading all over the world, which will bring risks to the economic prospects. The voice just fell, That is to say, it aggravates investors' worries about the global economic recovery and triggers the global stock market decline. Europe's three major stock markets went down significantly. The DAX index in Frankfurt, Germany fell by 1.77%, and the CAC in Paris, France was the most hurt, with a drop of more than 2%; Britain's FTSE 100 index fell 1. 64%.   In terms of data, the number of people applying for unemployment benefits for the first time in the United States unexpectedly rose instead of falling last week. The newly released number was 373,000, which was worse than the market expectation of 350,000. Experts believe that although the number has rebounded, it has been since the outbreak At the low point, the vaccination plan is progressing well, and some enterprises have just reopened their posts, such as the hotel industry in the hardest hit areas; There are obviously more vacancies in the market that have not been filled, and some recruitment positions may take longer To implement the candidates and other factors, resulting in high figures, it is expected that the labor market will be further improved in the second half of this year. The atmosphere of the external stock market was poor, and the VIX index, which reflected the market sentiment, once soared by nearly 30%. It can be seen that the market is uneasy about the economic prospects! New york stock market opened lower and closed lower, although after the employment data was released, the indexes of the three major US stocks rebounded slightly, and eventually they could not escape falling. Wall Street's three major indexes fell across the board yesterday, Dow Jones index fell 0.76%, Standard & Poor's 500 index fell 0.83%, and Nasdaq index fell 0.72%. Yesterday, the gold market took on the earlier upward trend, with the highest rising to US$ 1,818. However, investors worried that the variant virus would affect the economic recovery. The US dollar index dropped from a three-month high to 92.3 points. The number of initial jobless claims in the United States unexpectedly rose last week, which did not help the performance of gold prices. The price of gold, such as a deflated balloon, fell to a minimum of $1,794 yesterday and eventually rebounded to 1802 dollars closed, down 2 dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-08

July 8 th   Today's volatility range: According to the minutes of the meeting on interest rates released by the Federal Reserve Board of the United States, officials pointed out that the real economic recovery had not been realized, and generally believed that the economic prospects were still unclear, while those officials who supported reducing debt purchase were still a minority. After the publication of the document, the yield of US 10-year Treasury bonds fell to a four-month low, and the price of gold rose for six consecutive days. Gold prices performed strongly, closing above $1,800 for the first time since the middle of last month. There is a great chance to challenge this month's high of $1,815. Today's proposed amplitude is between 1797 and 1816.   The Covid-19 epidemic in Hong Kong has gradually eased, and the two-week epidemic prevention measures expired at midnight yesterday. The Hong Kong Government recently announced that the epidemic prevention measures will be pushed for another two weeks until the 21st of this month, and at the same time relaxed The number of spectators in most public places, but the business restrictions on restaurants and bars remain unchanged; The conservative policy of the Hong Kong Government should stem from the unsatisfactory progress of vaccines. According to government data, At present, the vaccination rate in Hong Kong is still below 50%, and the vaccination rate of people under 20 years old and those aged 70 or above is the worst. Both groups are below 30%, which is far lower than other age groups. Experts say that the minimum requirement for achieving the effect of group immunization is 70%. If the vaccination rate in Hong Kong does not reach this threshold, it is estimated that the epidemic situation in Hong Kong will drag on for another two years before it ends. Troubled by news of strengthening supervision in the Mainland, Affecting the overall stock market investment climate, Hong Kong stocks fell for 7 consecutive days; Finally, it fell below the 28,000 mark, and the Hang Seng Index fell 0.4% again yesterday.   The European Commission raised its growth forecast for the euro zone, raising the GDP of the euro zone by 50 points this year, from the previous forecast of 4.3% to 4.8%, and raising its growth forecast for next year from 4.4% to 4.5%. It is predicted that the GDP of the euro zone will return to the pre-epidemic level in the fourth quarter. As for inflation, the EU forecasts that the inflation in the euro zone will be 1.9% in 2021 and 1.4% in 2022. But the EU said, Covid-19 variant strains bring risks to the future economic prospects. The three major European stock markets rose across the board, the DAX index in Frankfurt, Germany rose by 1.17%, and the CAC in Paris, France rose by 0.31%; Britain's FTSE 100 Index rose 0. 71%. The Federal Reserve announced the minutes of last month's meeting last night, showing that several officials stressed that low interest rates led to rising house prices, and the rapid rise in real estate may bring financial stability risks, so I hope to reduce the purchase of US Treasury bonds before purchase Mortgage-backed security, but other officials warned that the downside risks of inflation still exist, because the temporary price pressure may be lifted faster than currently expected. In general, Fed officials have different views on the economic prospects of the United States, but it is generally believed that the threshold of debt reduction has not yet been reached at this stage. After the opening of the submission, the yield of 10-year U.S. Treasury bonds fell below 1.3%, reaching a four-month low, supporting the rise of the U.S. stock market. Wall Street's three major indexes rose in an all-round way yesterday, with Dow Jones index rising 0.30%. The Standard & Poor's 500 Index closed at a record high, up 0.38%, while the Nasdaq Index rose 0.01%. Gold prices have risen for six consecutive trading days. According to the minutes of the meeting on interest rates released by the Federal Reserve, the economic outlook is still unclear. Bureau officials believe that the economic recovery has not been realized, and those who support reducing debt purchase are still in the minority. The market believes that the substantial progress of the US economy is not up to standard, which is good news for gold prices, plus the yield of US 10-year government bonds It fell to a four-month low, and the price of gold successfully broke through the psychological barrier of $1,800 to close. The lowest price of gold yesterday was $1,797, the highest price rose to $1,810, and finally closed at $1,804, up $8. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-07

July 7 th   Today's volatility range: In the early stage, the price of gold continued to rise last week, and because the yield of 10-year US Treasury bonds fell, the price of gold successfully broke through the psychological barrier of $1,800. Although it failed to stabilize in the end, it was still able to open a candle and set up on the 1790 floor. It rose for five consecutive trading days. There is obvious pressure on the trend of gold price above $1,800, and yesterday may be a false breakthrough in the correction period after the sharp fall in mid-June. Today, the proposed amplitude is between 1788 and 1805.   Chief Executive Carrie Lam Cheng Yuet-ngor said that Hong Kong society still has risks that endanger national security. It believes that social media and networks lack supervision, allowing them to distribute false news for a long time, beautify violence and spread hatred against the central government The thinking of the SAR Government and the police force has made some people radical and extreme, and even acted against humanity. In order to cooperate with the Hong Kong Government's supervision of social media, the Hong Kong Constitutional and Mainland Affairs Bureau proposed earlier The Personal Data (Privacy) Ordinance was amended, and it is proposed that the Privacy Commissioner be given the power of criminal investigation and prosecution. For this reason, there are Gu Ge, Twitter, Facebook, etc. with offices in Hong Kong The staff of Kewang Company will have the opportunity to be asked to provide information because of the need to cooperate with the investigation, and may even risk being accused. The above three giants, together with other enterprises, sent letters to the Office of the Privacy Commissioner for Personal Data. He said that although he opposed the "bottom-out" behavior, he thought that the wording of the amendment was vague, which might cause enterprises and employees to be involved in the investigation because of user activities. Internet companies warned that they might stop providing services to Hong Kong, So as to avoid the legal liability of the malicious content of the user.   With more and more mainland technology companies coming to Hong Kong to raise funds, the influence of science and technology stocks on Hang Seng Index is still growing. Hang Seng Index Service Company specially set up Hang Seng Technology Index to reflect the importance of these giant enterprises. However, after Didi's trip was ordered to be removed from the shelves earlier, another wave caused by network supervision hit the market yesterday. The Hang Seng Index once fell below the 28,000 mark yesterday and closed down 0.25%, which has fallen for five consecutive trading days. And it is 72 points short of the lost 28,000. In terms of European data, Germany's ZEW economic prosperity index in July was not only far lower than the market expectation of 75.2, but also retrogressed. The data was the worst since January this year, falling from 79.8 in June 63.3 in July. The three major European stock markets reported a decline across the board. The DAX index in Frankfurt, Germany fell 0.93%, and the CAC in Paris, France fell 0.91%; Britain's FTSE 100 index fell 0.87%.   U.S. stocks generally fell after the holiday on Independence Day. The mainland reorganized the technology companies listed in the United States and closed down by nearly 20%. While a number of Chinese technology stocks were sold off, Baidu and JD.COM both fell by more than 5% in the United States. However, Amazon changed the helmsman, new people and new sights, leading the Nasdaq index to rise by 0.17%; The Standard & Poor's 500 Index ended its seven-day uptrend and fell 0.23%; The Dow Jones index fell 0.59%. The price of gold has risen for five consecutive trading days. In the early stage, it took on the upward trend last week. Due to the decline in the yield of US 10-year government bonds, the price of gold successfully broke through the psychological barrier of 1,800 US dollars and rose to a maximum of 1,815 US dollars; However, last night, the United States released a survey report on labor mobility, with the latest data of 9.39 million jobs, which is better than the market expectation. The growth of the labor market is expected to hit the gold price, and the US dollar index rebounded to over 92.5 points. The gold price was lost at the $1,800 mark, and finally closed at $1,796, rising by $4. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-06

July 6 th   Today's volatility range: Last Friday, the United States released a non-agricultural employment report. The latest data was better than the market expectation, but the unemployment rate did not fall but rose. The uneven employment data eased the market pressure on the Fed to raise interest rates earlier. In addition, the US holiday, The performance of the foreign exchange market was relatively quiet, with the exchange rate of the US dollar falling. The gold market went up in a narrow range yesterday, and went up above the US$ 1,790. After rising for 4 days, the price of gold seems to be brewing to challenge the psychological barrier of $1,800. Today, the proposed amplitude is between 1780 and 1799.   In March, the Financial Secretary, Chen Maobo, proposed to distribute $5,000 e-vouchers to eligible Hong Kong citizens and new arrivals in stages, and officially started to accept registration just last Sunday. Although the government appeals to the public not to I was anxious to apply, but more than 3 million people submitted electronic registration in the first day yesterday, which caused the website to be paralyzed the day before yesterday, and even more people waited for a long time and were popped up on the website. I hope that the government audit office will It can evaluate whether the 600 million administrative expenses are well spent, and give relevant departments suggestions on how to improve them. The government revealed that eligible persons who have completed electronic registration on or before the 17th of this month will be issued on the 1st of next month The first issue of coupons. There are extensive discussions on how to use these coupons in different ways, and even how to realize them. However, 5,000 yuan will be received in installments. I believe that most people have enough consumption in their daily consumption In fact, the 5,000-yuan coupon has been presented in disguise, so there is no need for such trouble, and the crisis of falling into the French Open by mistake can be avoided.   You can also consider self-appreciation. Our company provides investment training. If you are interested in getting more information, please use the hyperlink below this website to inquire and communicate with other members. Hong Kong stocks continue to be ill-natured. After the centennial celebration of the founding of the Party, the stability has been completed, and the outflow of Beishui has become urgent. In addition, China Net has ordered the car giant Didi to travel and was ordered to be removed from the shelves, which has set off a new round of panic about the rectification of Internet companies in the Mainland. Triggered the heavy losses of large Chinese-funded science and technology network stocks. Hang Seng Index fell by 0.59%, closing at over 28,000. The UK released last month's manufacturing purchasing managers' index yesterday, which was better than expected. On the other hand, British Prime Minister Johnson Announced the relaxation of restrictions on Covid-19, and planned to end the restrictions on social distance in Britain on July 19th, including lifting the restrictions on the number and place of meeting in social occasions and lifting the mask order. Further relaxation of epidemic prevention restrictions is also conducive to the economic recovery of the euro zone. According to a survey, the activity of enterprises in the euro zone reached the fastest growth rate in 15 years in June. The DAX index in Frankfurt, Germany, rose 0.08%. CAC in Paris, France rose by 0.22%; The FTSE 100 Index rose 0.58%. Yesterday was the American Independence Day holiday, and US stocks were closed. Last Friday, the United States released a non-farm payrolls report, and the latest data was better than the market expectation. However, the unemployment rate did not fall but rose. The uneven employment data eased the pressure of the market on the Fed to raise interest rates earlier. In addition, the foreign exchange market was less active during the US holiday, and the US dollar exchange rate fell, which helped the gold market to move up. In the early period, the price of gold briefly fell to yesterday's low of $1,784, but with the decline of the US dollar, the price of gold rose, and Gauguin rose to $1,795, hovering between $1,790 and finally trading at $1,792. Up four dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-05

July 5 th   Today's volatility range: The United States released the non-farm payrolls report on Friday, and the latest data increased by 850,000 jobs, which was better than the market expectation. However, the unemployment rate is rising instead of falling. Experts believe that some people mistakenly classify themselves as employed but not working. This has underestimated the previous unemployment rate. After the release of the uneven employment data, the US dollar was lowered, and the price of gold rose. The price of gold was being revised after the sharp fall in June. It rose with the US dollar for two days last week, but the performance of such imbalance was not It will happen frequently. Experts predict that the unemployment rate will decline slowly, and the Fed is happy with the ideal non-agricultural data. There is still room for the dollar to rise, which will put pressure on the price of gold. Today's proposed amplitude is 1774-1797.   The Hong Kong government announced that the coupon scheme will be registered on Sunday, and the registration period will last for 6 weeks until the 14th of next month. Eligible Hong Kong permanent residents and new arrivals who have reached the age of 18 on or before the 18th of last month. Everyone can participate in the plan. Eligible persons can register electronically through the website of the Consumer Voucher Scheme as soon as 6 am this Sunday. If eligible persons who have completed electronic registration on or before 17th of this month, The first issue of coupons will be issued on the 1st of next month. After a year and a half of the COVID-19 epidemic, when the unemployment rate in Hong Kong climbed to 7%, the public expected the Budget to help solve the problems, but the Budget released this year was less sweet and spicy. Disappointing the public. The most important relief measure in Financial Secretary Chen Maobo's budget is to distribute $5,000 electronic coupons to eligible citizens over 18 years old and new arrivals in Hong Kong in stages, which is compared with the cash of the previous year 10,000 yuan has shrunk by half; At the same time, distributing electronic coupons will involve 600 million administrative expenses, which is more than 400 million administrative expenses compared with the cash distribution measures of last year. In any case, it is better to distribute cash! But how does the government deal with it? Now people It's basically hard to control.   Hong Kong stocks got off to a bad start on the first trading day in July, and the Hang Seng Index rose first and then fell, which may have finished maintaining stability. Beishui sold more than 7 billion yuan in a single day, the highest in recent 4 months. Hong Kong stocks were obviously under pressure, and fell nearly 600 points at most. It closed at 28,310 points, down 517 points or 1.8%. European Central Bank President Angela said that the economic risks in Europe are more or less balanced now, but she did not hesitate to say that COVID-19 Delta virus has a chance to break this balance. The performance of the three major indexes of European stock markets was uneven, and the German DAX index rose by 0.31%; The CAC index in Paris, France fell by 0.02%; Britain's FTSE 100 index fell 0.04%. The United States announced yesterday that the non-agricultural employment report was released, and the latest data increased 850,000 jobs are better than market expectations. However, the unemployment rate is rising instead of falling. Experts believe that some people mistakenly classify themselves as employed but not working, which makes the previous unemployment rate underestimated. Politicians, businesses and some economists will The labor crisis is attributed to the increase of unemployment benefits, including the weekly cheque of $300 issued by the government.     Non-agricultural data is ideal. The three major indexes on Wall Street rose across the board yesterday, and the Nasdaq index rose by 0.81%; The Standard & Poor's 500 Index rose for 7 days in a row and hit a record high, up 0.72%; Dow Jones index rose 0.44%. In the week, the Federal Reserve continued to reverse repurchase, and successively hit new highs, and the transaction volume rose to nearly 1 trillion US dollars in the first day last Wednesday. Since the Federal Reserve raised the reverse repurchase operating rate from 0% to 0.05% in early June, It attracts a lot of hot money into the market. It can be seen that this batch of hot money only wants to have a place to put it, and only wants to preserve its value in US dollars, because investors expect the US dollar to appreciate. After the employment data was released, the US dollar was lowered to 92.2 points. The highest price of gold yesterday was $1,795, and the lowest price was $1,774. Once it closed at $1,788, it still rose by $11. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-02

July 2 nd   Today's volatility range: The gold market rebounded for two consecutive days, the US dollar continued to be strong, and the 10-year US Treasury bonds were also sought after. The yield of the 10-year US Treasury bonds fell for four consecutive days. Although the US dollar is moving upwards, the price of gold is rising instead of falling. Gold entered the correction period after the sharp fall last month, but there is still room for the dollar to rise. The correlation coefficient between the dollar and gold is negative, and the chances of both rising at the same time for a long time are relatively low. There is a non-farm payrolls report coming out tonight. Investors may expect digital preference, and today's strategy is still dominated by short positions. Today, the proposed amplitude is 1758-1782. There was another confirmed case of a new local variant virus in Hong Kong yesterday, and people still need to take defensive measures on the July 1 handover festival before they can enjoy the holiday with peace of mind. Chief Executive Carrie Lam Cheng Yuet-ngor took the opportunity to go on this special day She told the media when she reported on her work in Beijing that it reflected the hope of the local business community and the public to resume personnel exchanges with the Mainland as soon as possible. In fact, the areas that want to resume exchanges are not limited to the mainland. The epidemic situation in Britain is heating up. In view of the epidemic situation in Britain, On June 28, the government announced that Britain was listed as a very high-risk area. From 00: 00 on July 1, civil airliners coming from Britain were prohibited from landing in Hong Kong, and related people were prevented from arriving in Hong Kong via connecting flights. A large number of British people who were scheduled to return to Hong Kong during the summer vacation had to cancel their trips and the arrangement for booking quarantine hotels because they could not return to Hong Kong before July 1. Some people in the hotel industry have revealed that many quarantine hotels have reserved rooms For British students, due to the new measures of the Hong Kong government, the reservation amount will be refunded to the guests in full, which is expected to lose tens of millions of dollars in business volume and disrupt the hotel business arrangements. It is not excluded that there are hotels Withdraw from the quarantine hotel of Hong Kong government in the next phase.   Hong Kong stocks were closed for the July 1 return holiday yesterday. European Central Bank President Lagarde said that due to the continuous improvement of European economy, European banks may see the dividend distribution and share repurchase restrictions lifted at the end of September. Enria, chairman of the European Central Bank Banking Supervision Committee, later said that unless there is a new economic downturn, the European Central Bank plans to allow euro zone banks to resume dividends to shareholders from October, but still hope that banks Act cautiously. Affected by the news, bank stocks led the rise, the three major indexes of European stock markets rose across the board, and the German DAX index rose by 0.48%; The CAC index in Paris, France rose by 0.71%; The FTSE 100 Index rose 1.26%. Yesterday, the United States announced that the number of people applying for unemployment benefits for the first time last week decreased by 50,000 from the previous value, and the latest news data increased by 364,000, which was better than the market expectation. After the data was released, the US dollar returned to the rising track, with the highest rising above 92.6 points. The price of 10-year treasury bonds in the United States continued to rise, and the yield dropped for four days to a minimum of 1.458%.   The employment data performed well. The three major indexes on Wall Street rose across the board yesterday, and the Nasdaq index rose by 0.13%; The Standard & Poor's 500 Index rose for six days in a row and hit a record high, up 0.48%; Dow Jones index rose 0.38%. The gold market rose for two consecutive days, and the US dollar continued to be strong. Even the US 10-year treasury bonds were also sought after. The yield of the 10-year treasury bonds once fell by nearly 1.458%. Although the US dollar went up, the gold price did not fall but rose because of the decline in the yield of treasury bonds. The opportunity cost of holding gold is relatively cheap, and gold has entered a correction period after a sharp fall last month, and is looking for a new direction. The price of gold reached a maximum of $1,783 yesterday, but the United States announced yesterday the number of people applying for unemployment benefits for the first time last week Compared with the previous value, it decreased again, with the lowest price of gold reaching $1,766, and finally rebounded to $1,776 to close, still rising by $7. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-07-01

July 1 ST     Today's volatility range: The gold market rebounded yesterday, the US dollar continued to be strong, and the 10-year US Treasury bonds were also sought after. The yield of the 10-year US Treasury bonds once fell below 1.45%, hitting a new low of more than one week. Although the dollar is moving upwards, However, the price of gold did not fall but rose, because the yield of national debt declined, and the opportunity cost of holding gold was relatively cheap. However, there was still room for the dollar to rise, and the correlation coefficient between the dollar and gold was negative, and the two were long-term The chances of both rising at the same time are relatively low. A non-farm payrolls report was released on Friday, and investors may expect digital preference. Today's strategy is still dominated by short positions. Today's proposed amplitude is 1750-1774.   The epidemic situation in Hong Kong has gradually stabilized and the retail performance has continued to improve. The Census and Statistics Department announced yesterday that the value of total retail sales in May this year increased by 10.5% over the same month last year, for four consecutive months. But the increase narrowed from 12.1% last month. However, it is clear that the double-digit growth is due to the outbreak of the COVID-19 epidemic in February 2020, which pushed the retail industry to the bottom in the following months. It is related to the sharp drop in the base in the same period last year, rather than reflecting the real performance of the retail industry. In fact, if you look at the previous golden retail locations, such as Mong Kok and Causeway Bay, you still have to use street wisdom. By inference, we all know that the retail industry has not yet recovered.   Hong Kong stocks closed in half a year, and the Hang Seng Index fell for two consecutive days, closing at 28,828 points, down 0.57%. Although the decline was slight, it could not escape the traditional curse of "six unique" in the end, hoping to "turn over seven". The market is worried that the Delta led by Covid-19 will have an impact on the European economy again, with funds flowing out of European stock markets and the euro falling slightly against the US dollar. The three major indexes of European stock markets fell across the board, and the German DAX index fell 1.02%; The CAC index in Paris, France fell by 0.97%; Britain's FTSE 100 index fell 0.71%. According to the report of the Market Committee of the Federal Reserve, in the last meeting on interest rates, more members tended to raise interest rates earlier, and the US dollar gradually strengthened. In addition, the employment data released by the city last night was ideal, adding fuel to the fire in the hot exchange rate market! Because the market expects that the non-farm payrolls in the United States will increase by 600,000 in June, although the expected number is less than that in May 978,000 people, but the actual published figure recorded an increase of 692,000 people, which was better than the market expectation. The US dollar index once hit a high level since April 8, rising to 92.448 points and closing at 92.387 points.   On the other hand, Federal Reserve Commissioner Waller put on an eagle. He said that he was very optimistic about the economic prospects of the United States and thought that raising interest rates next year was not impossible. He said that there are two preconditions for the Fed to consider raising interest rates next year. First of all, the unemployment rate must be greatly reduced, or inflation should remain at a very high level. If the situation is right, he does not object to raising interest rates early. Waller also said that as the crisis of the epidemic gradually subsided, the Federal Reserve Bureau It is appropriate to consider reducing some stimulus measures. First, how and when to start reducing the scale of debt purchase. He also put forward specific figures and methods. The Federal Reserve reduced its debt purchase to 120 billion US dollars per month. And because the property market is so hot that it doesn't need support from the Federal Reserve, we should first stop buying mortgage-backed securities gradually.   The employment data performed well and supported the rise of traditional economic stocks. The three major indexes on Wall Street rose and fell differently yesterday, and the Nasdaq index fell alone, with a loss of 0.15%; The Standard & Poor's 500 Index rose for five days in a row and hit a new record closing high. Up 0.12%; Dow Jones index rose 0.61%. The gold market rebounded yesterday, the price of gold rose to 8 yuan, the US dollar continued to be strong, and even the US 10-year Treasury bonds were also sought after. The yield of the 10-year Treasury bonds once fell below 1.45%. It hit a new low for more than a week. Although the US dollar went up, the price of gold rose instead of falling, because the yield of national debt declined and the opportunity cost of holding gold was relatively cheap. The price of gold was as high as $1,774 yesterday; Lowest ever seen 1753 dollars, finally rebounded to 1769 dollars to close, up 8 dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-30

June 30 th   Today's volatility range: The gold market softened yesterday. Last night, the United States announced that the consumer confidence index of the American Consultative Conference rose to a new high since the outbreak in June, which encouraged the dollar to continue to rise and suppressed the price of gold. The price of gold fell nearly $1,750. Although it rebounded to close at $1761, the trend is still dangerous! The non-farm payrolls report was released on Friday, but there will be a small non-farm payrolls debut tonight. The market expects that the non-farm payrolls in the United States will increase by 600,000 in June. Less than the 978,000 in May. The job market is another reference index for the Federal Reserve when to raise interest rates, except inflation. Tonight's data will further stimulate the dollar to rise as long as the market expects well. The gold price will be tested at $1,743. Today's strategy is dominated by empty goods. Today, the proposed amplitude is 1768-1743.   It may be difficult to eat. In recent years, a group of swindlers have appeared in the financial sector, making friends constantly through social media, and often distributing photos of their lives after meeting them. Everyone has a good appearance, a graceful figure for women, and a tasteful life for men. I will often take the initiative to ask for help, and then I will reveal that I am a talent in the financial business, and that I can easily make money with inside information of stocks. If the object collapses and is willing to invest, Maybe there will be a slight return in the first one or two times, but after that, it will be required to increase investment, and as a result, receiving goods at a high price will become the bulk cargo object of others! The CSRC described this kind of fraud as increasingly rampant. Last year alone, the CSRC was involved More than 109 securities accounts were frozen in the "singing high bulk cargo" fraud case, involving a total amount of over 900 million yuan. Therefore, I hope you will be careful not to fall into the trap. If you want to refer to different investment channels, you can continue to pay attention to this Facebook page. If you are interested in getting more information, please use the hyperlink below this website to join the group for inquiry and communicate with other members.   The semi-annual closing of Hong Kong stocks is just around the corner, but the Hang Seng Index failed to live up to expectations yesterday, falling below 29,000 and closing at 28,994 points, down 0.94%. Earlier, it was questioned whether it could break the traditional curse of poverty and poverty. Today is the last trading day in June. The results will be announced soon. The economic prosperity index of the euro zone in June recorded 117.9, the highest since September 2000. The three major indexes of European stock markets rose across the board, and the German DAX index rose by 0.88%; The CAC index in Paris, France rose by 0.14%; The FTSE 100 Index rose 0.21%. According to the report of the Market Committee of the Federal Reserve Board of the United States, in the last meeting on interest rates, more members tended to raise interest rates early, and the US dollar gradually emphasized. In addition, the American Chamber of Commerce consumers were announced last night The confidence index rose to a new high since the outbreak, enhancing investors' expectation of strong economic growth in the next quarter. The US dollar index hit a new high of more than one week, and the US dollar index closed at 92.194.   It is expected that economic growth will benefit the climate of venture capital. The three major indexes on Wall Street rose in an all-round way yesterday, the Dow Jones index rose by 0.03%, and the Standard & Poor's 500 Index and Nasdaq Index hit a new record closing high. Up by 0.02% and 0.19% respectively. The gold market softened yesterday, and the price of gold gradually declined from the opening high of $1,778 yesterday. Last night, the United States announced that the consumer confidence index of the American Consultative Conference rose to a new high since the epidemic in June. Encourage the dollar to continue to rise, and the price of gold fell below $1,770; The lowest price was $1,751, and finally it rebounded to $1,761 and closed down by $17. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-29

June 29 th     Today's volatility range: The non-farm payrolls report will be released soon, because the report may affect the Fed officials' perception of the current monetary policy, that is, it will affect the direction of adjusting the US dollar interest rate. Investors are cautious before the report is revealed. Yesterday, the gold market was still in a volatile pattern. Before the release of non-agricultural data in the United States, the price of gold was obviously subject to the range of 1770-1790 USD, consolidating in this range, and the narrower range was a signal before the price breakthrough. Today, the proposed amplitude is 1772-1784.   COVID-19 Delta virus is raging all over the world. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, warned earlier that this Delta virus, which was first discovered in India, is the most infectious variant virus found in Covid-19 so far. The first person infected with this new variant virus in Hong Kong earlier was a male ground worker who served the airport. He also worked part-time in a shopping mall in Tai Po, and the new patient was this male colleague. Experts estimate possible communities There is an invisible transmission chain, and we are worried that the variant virus will start to spread in the community, and confirmed cases may come one after another. In response to the epidemic situation in Britain, the government announced yesterday that Britain was listed as a very high-risk area. From 00: 00 am on July 1, civil airliners coming from Britain are prohibited from landing in Hong Kong, and related persons are prevented from arriving in Hong Kong via connecting flights. The endless epidemic in Hong Kong is bound to hit the pace of Hong Kong's economic recovery; Hang Seng Index fell by 0.07% yesterday.   Many regions in Europe depend on tourism revenue, which accounts for a large proportion of the country. Earlier, they also launched vaccine passports, hoping to revive the domestic tourism industry. However, the Delta virus of COVID-19 variant is extremely contagious, and the market panic again. Pushing down tourism-related shares. The three major indexes of European stock markets fell across the board, and the German DAX index fell 0.34%; CAC index in Paris, France 0.98%; Britain's FTSE 100 index fell 0.88%. The report on non-agricultural employment is coming soon, Because the report may affect the Fed officials' perception of the current monetary policy and the speed of adjusting the US dollar interest rate, investors were cautious before the report was revealed, and the US dollar only rose slightly yesterday. The US dollar has strengthened since the last interest rate meeting, because more members of the Federal Reserve Bureau tend to raise interest rates earlier. In fact, the market also bet that the US dollar will rise in the future. Since the Federal Reserve raised the overnight reverse repo rate, The market demand for reverse repurchase has repeatedly hit high levels, which shows one shift. Federal Reserve officials have repeatedly stressed that the U.S. economy is improving and there is a lot of optimism in the market. Market Ping predicted that the non-farm payrolls in the United States will increase to 690,000 in June, up from 559,000 in May, and the unemployment rate will drop to 5.7% from 5.8% last month. And U.S. treasury bonds have become a berth where hot money is flooding. The price of ten-year treasury bonds rose, which lowered the yield. The yield of ten-year treasury bonds fell below 1.5%, and fell to 1.468% last night.   Under the low interest rate environment, the risk market favored technology stocks with higher P/E ratio, and cruise stocks led the decline. The three major indexes on Wall Street were mixed, with Dow Jones index falling 0.44% and Standard & Poor's 500 index rising 0.24%. Nasdaq index hit a new record closing high, up 0.98%. The gold market was still in a volatile pattern yesterday. The price of gold opened yesterday fell from a daily high of 1786 US dollars to a daily low of 1771 US dollars, which was announced by the United States last night In June, the Dallas Fed's business activity index not only regressed, but also worse than expected; The data is like throwing cold water on the flame of economic recovery; Long-term investors in gold prices have tried to fight back, but they are obviously constrained by $1,780. Finally, it was quoted at $1778, down $4 to close. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-28

June 28 th   Today's volatility range: The gold market entered a correction period last week after experiencing a big slump a week earlier. It rose and fell in different trading days, but it was still in a volatile pattern. The price of gold was depressed several times when it approached $1,790. Obviously subject to the psychological barrier of $1,800, but when it reaches $1,770, it won't fall. Recently, the price of gold has been significantly affected by the trend of the US dollar. This week, there are US non-agricultural data. This is the employment data that even the Federal Reserve keeps a close eye on. The quality of the data can influence the thinking of Fed officials, and it will also provide the direction for the trend of the US dollar in advance. Today, the proposed amplitude is 1768-1790.   In order to prevent overheating of the economy, the central government introduced measures to regulate the flow of banks at the end of May, hoping to crack down on speculation, and announced that it would raise the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points in mid-June. That is, the current deposit reserve ratio will be raised from 5% to 7%. At that time, it was predicted that Beishui would flow backwards. Although Hong Kong stocks broke the traditional curse of five poor months, six must be possible. However, at present, the results are hard to predict, because the Hang Seng Index rose continuously in the last three trading days last week, and now it is increasing compared with the market opening on June 1! Is it a traditional curse of poverty and poverty Has been broken? Also look at the north water trend this week. The Hang Seng Index rose 487 points or 1.69% in one week.   Last week, the Bank of England announced its interest rate decision, which remained unchanged as expected by the market. The Bank of England said that due to the increase in energy prices, the consumer price index is expected to further Higher than the preset target level, the annual inflation rate in the UK is likely to exceed 3% in a short period of time, but it is reiterated that the Bank of England will not tighten monetary policy when the economy continues to heat up. Earlier, European Central Bank President Lagarde said in his speech that financial support is still necessary, and if necessary, the European Central Bank still has room to cut interest rates. Combine that two statements, Investors believe that there is still room for the EU and the UK to tighten their bond purchases. The major stock markets in Europe all rose last week, and the German DAX index rose by 1.04%; The CAC index in Paris, France rose by 0.82%; The FTSE 100 Index rose 1.69%.   According to the results of the Federal Reserve's interest rate announcement last week, more members tend to raise interest rates early, which has impacted the gold stock market. Federal Reserve Chairman Powell released pigeons at the congressional witness for two consecutive days last week. It is acknowledged that inflation has risen significantly in recent months, but the new variant virus is still one of the risks. And he expects inflation to fall back to the Fed's target level, saying that the Fed will not be worried There may be inflation, and the Fed will raise interest rates preemptively, saying that it is fully prepared to use its tools to control the inflation rate around 2%. The other affects the pace of the Fed's interest rate hike It is the American job market. Powell said at that time that there is still a long way to go for employment recovery. Although the American labor market is getting out of trouble, the actual number of recruits is at a high level. However, this part of the increase was offset by the number of resignations and retirees, and temporary factors are affecting employment, and extending unemployment benefits may be one of the factors. Finally, he reiterated that, The Federal Reserve will not raise interest rates until the job market and economy show broad and comprehensive signs of recovery.   In addition to Powell's testimony, there was no eagle again; The media reported that U.S. President Biden reached a preliminary agreement with Democratic and Republican senators on the $579 billion infrastructure spending plan. Biden is expected to vote on the infrastructure agreement before the end of this fiscal year, although Biden said that if the infrastructure and budget bills are out of sync, they will not be signed. But judging from the reaction of spokesmen of both parties, The plan is in the bag. The news once again stimulated the risk market, and the new york stock market had a bumper harvest; The three major Wall Street indexes rose across the board last week, with Dow Jones index rising 3.37% and Standard & Poor's 500 index rising 2.57%. Nasdaq index hit a new record closing high, up 2.23%. After experiencing a big slump a week earlier, the gold market entered a correction period last week, and it rose and fell differently in five trading days, but it was still in a volatile pattern. When it approached $1,790 several times, it was suppressed, which was obviously subject to the psychological barrier of $1,800, but it was supported again when it reached $1,770. The price of gold fluctuated and rose on Friday, finally reaching $1,782. It closed at $7, up $18 on a weekly basis. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-25

June 25 th   Today's volatility range: Gold price fluctuated again yesterday, with the volatility of USD 15 narrowing from the previous day. The price of gold rose yesterday with the announcement of poor employment data by the United States, but the market reported that US President Biden was $579 billion The infrastructure expenditure plan reached a preliminary agreement with the two major parties. The news benefited the risky market, and the gold market was suppressed, turning from rising to falling, with a loss of US$ 4 to close. It is expected to fluctuate today. Maintain yesterday's suggested volatility at 1766-1785.     Yesterday, Hong Kong recorded a case of Covid-19 infection of unknown origin, which broke the local record of "zero diagnosis" for 16 days, and Hong Kong people had to start again. It is reported that the patient is a For airport employees, their close contacts were temporarily reported to be negative after being tested, and the Health Bureau estimated that the employee was infected by contact with people with virus in the workplace. This new case clearly shows that There are loopholes in Hong Kong's handling of foreign defense importation. In view of the continuous rebound of the epidemic situation in Britain and the wider spreading power of the new variant virus strain. The Hong Kong government announced that it would tighten quarantine requirements for people entering Britain. Starting from next Monday, people arriving from Britain will have to undergo 21-day compulsory quarantine inspection at designated hotels, whether vaccinated or not.   With the advantages of Hong Kong's legal system and free flow of capital, HKEx has continuously absorbed mainland giant enterprises to list in Hong Kong. In the first half of this year, the amount of new shares raised reached a new high in 10 years, reaching HK$ 210.8 billion. However, some securities people criticized that the attraction of the mainland new stock market to mainland enterprises is increasing day by day. If Hong Kong still only continues to eat its old money, it will be overtaken by domestic exchanges sooner or later. Hong Kong's stock market has two consecutive bombs, The Hang Seng Index was cowhide, and finally rose by 0.23%. The Bank of England announced the interest rate decision yesterday, which remained unchanged at 0.1%, maintaining the existing scale of debt purchase, which was in line with market expectations. According to the Bank of England, Mainly affected by the rise in energy prices, it is expected that the consumer price index will be further higher than the preset target level. The annual inflation rate in the UK is likely to exceed 3% in a short period of time, but commodity prices are expected to rise The direct impact on inflation is only temporary, and it is emphasized that before there is clear evidence that the economy can continue to heat up and finally reach the inflation target after removing the hot money to push up inflation, Bank of England will not tighten monetary policy. European data is also favorable for economic news. The Ifo business climate index of Germany is 101.8 points better than expected, which shows that there is a good prospect for doing business and opportunities to increase investment, thus accelerating economic recovery. The three major European stock market indexes rose across the board, and the German DAX index rose by 0.86%; The CAC index in Paris, France rose by 0.12%; The FTSE 100 Index rose 0.51%. The media reported that US President Biden and the Democratic Party and the Republican Party Senators reached a preliminary agreement on a $579 billion infrastructure spending plan. U.S. President Biden said that this plan will create millions of jobs and realize a crucial part of Biden's economic agenda. He expects to vote on the infrastructure agreement before the end of this fiscal year. If the infrastructure and budget bills are out of sync, they will not be signed. However, judging from the reaction of spokespersons of both parties, the plan is in the bag. Schumer, the majority leader of the US Senate, said that the outline of supporting the bipartisan infrastructure bill is waiting for details. On the contrary, Republican Senator Portman made it clearer that although the Republican Party did not get them, I wanted everything, but I still came up with a good compromise. Both the Republican Party and the Democratic Party promised to cross the finish line.   Biden's infrastructure spending plan stimulated infrastructure and resource stocks, with Wall Street's three major indexes rising across the board, Dow Jones index rising 0.95%, Standard & Poor's 500 index rising 0.59%, and Nasdaq index hitting a record high, rising 0.69%. In terms of data, the US GDP in the first quarter of last night increased by 6.4%, as expected by the market, but the employment data was weak. The number of people applying for unemployment benefits for the first time in the United States increased by 411,000 last week, which was worse than expected. Poor employment data made the US dollar Slightly soft. The price of gold fluctuated again yesterday. The price of gold started to rise yesterday because of the poor employment data announced by the United States. However, the market reported that US President Biden had reached a preliminary agreement with the two major parties on the $579 billion infrastructure expenditure plan According to the agreement, the news benefited the risky market, and the gold market was suppressed. The gold price turned from rising to falling, and finally reported to 1775 US dollars, down 4 US dollars to close. Yesterday, the highest price of gold was $1,788, and the lowest price was $1,773, with the volatility of $15 narrowing from the previous day. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-24

June 24 th     Today's volatility range: The price of gold fluctuated again yesterday, with a volatility of US$ 22, but there was an increase in volatility. Personally, this market condition is the best to operate. As long as the risk is well controlled and the defense is not greedy, there must be money left behind. Gold price fluctuated completely by the trend of the US dollar yesterday. Affected by the mixed purchasing data, investors doubted the speed of economic recovery, and the US dollar index declined. However, after that, Fed officials once again set an eagle. The sharp rebound of the US dollar not only recovered lost ground, but also approached the 92-point level. It is expected that it will still fluctuate today, but the trend is unfavorable to the market outlook. The key position is $1,764, which should not fall below. Today, the proposed amplitude is 1766-1785.     Yesterday, the number of millionaires in Hong Kong decreased compared with the previous year, but the new batch of inflation-linked bonds issued by the Hong Kong government, namely iBond, is still very popular! The batch amounts to 20 billion yuan The main theme of the bonds is anti-inflation, and the interest will be increased to bondholders with the increase of the billing rate. The bonds also have a guaranteed interest rate of 2%, and the annual inflation rate of Hong Kong's inflation in three years does not exceed 2% (The annual inflation rate is 1% in May) and 10,000 months per lot, the investors who invested in this batch of bonds earned a steady 600 yuan from the beginning to the maturity. Last night, a securities trademark was sold at a dark price of 103 yuan. It is 3% higher than the listing cost price of 100 yuan, which means that 300 yuan can be quickly bagged without deducting transaction costs. It's a matter of opinion whether this investment is calculated or not. If you want to refer to Barthes from different investment channels, you can continue to pay attention to this Facebook. If you are interested in getting more information, please use the hyperlink below this website to join the group for inquiry and communicate with other members.   The local stock market finally rebounded, the Nasdaq index hit a record closing high, and the Hang Seng Technology Stock Index rose yesterday, rising by 2.6%, which led to market sentiment. Other stocks followed suit, and the Hang Seng Index finally rose by 1.79%.   Although the fatigue in Europe has dropped, the retail industry is still in the cold winter. HSBC lowered the investment rating of two French luxury goods manufacturers. One is the kering holding Gucci brand, formerly known as Paris Spring Group. The other is Si Da's favorite Hermè s. The three major European stock market indexes fell across the board, and the German DAX index fell 1.15%; The CAC index in Paris, France fell by 0.91%; Britain's FTSE 100 index fell 0.23%. The United States announced last night The latest manufacturing and service industry index, the manufacturing purchasing managers' index of 62.6, is better than expected, indicating that the economy continues to improve. The fly in the ointment is that the service purchasing managers' index of 64.8 points in the United States this month is not only retrogressive from last month, It is worse than the market expectation. Inferred from the figures, the American service industry had retaliatory consumption behavior in May. This month's data only reflects the reality normally, but it is expected that the summer vacation in July will come, and the figures will be pulled up again. However, after the mixed purchasing index was released, investors were cautious, among which the foreign exchange market was more sensitive, and the US dollar index declined, even approaching 91.5 points.   But later, Fed officials once again released the eagle. Atlanta Fed President Bostic, who holds the right to vote in 2021, said yesterday that he is one of the seven Fed officials who expect to raise interest rates at the end of 2022, considering the economy. The first rate hike has been advanced to the end of 2022, and it is expected to be raised twice in 2023. However, he described that he did not want to reduce the scale of bond purchases too early to affect the pace of economic recovery, but the market was running well. I hope to complete the debt reduction plan before raising interest rates. Bosti holds the right to vote, and his sentence is heavier. The most obvious influence is that the dollar bends above the waist. The dollar index not only recovers the lost ground earlier, At one point, it pushed 91.9 points. Another Fed official Kaplan also said that the US economy may reach the threshold of the Fed's reduction of asset purchases earlier than expected, and it is expected that the Fed will be in 2022 It's the first time to raise interest rates, so it's entirely appropriate to discuss reducing debt buying.   Fed officials once again set off an eagle, scaring investors in new york stock market, with traditional economic stocks bearing the brunt. The three major indexes on Wall Street were mixed, with Dow Jones index falling 0.12% and Standard & Poor's 500 index falling 0.21%. Nasdaq index hit a new record closing high, up 0.13%. Gold price fluctuated again yesterday, which was completely affected by the trend of the US dollar, but eventually there was no increase in volatility, and it closed at 1779 US dollars. Affected by the mixed purchasing data, investors have doubts about the speed of economic recovery, and the US dollar index has fallen, with the highest gold price reaching US$ 1,795. However, Fed officials once again set the eagle and the US dollar bounced. The price of gold fell back to the lowest of $1,773 last night. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-23

June 23 rd   Today's volatility range: Gold price fluctuated yesterday, Federal Reserve Chairman Powell gave a mild testimony for the second consecutive day, and the US dollar exchange rate weakened. The US dollar index fell for the second consecutive day yesterday, falling nearly 91.6 points. The yield of U.S. 10-year Treasury bonds also dropped slightly, which should benefit the gold price. However, investors had locked in profits before Powell's testimony today, and the gold price rose first and then fell. It is expected that today will still be turbulent, Today, the proposed amplitude is 1770-1788. A European investment bank published the Global Wealth Report, which pointed out that because Covid-19 hit the global economy hard, local governments and central banks kept printing money, which caused a flood of hot money all over the world. The global stock market has also skyrocketed, and the number of wealthy people with over one million dollars in the world has increased by more than 10% year-on-year; However, the report also pointed out that the richest people in Hong Kong in the same period failed to benefit from the wave of asset appreciation. On the contrary, it has become poorer. According to the report, the per capita wealth of adults in Hong Kong last year was US$ 503,400, shrinking by US$ 26,400 year-on-year. In terms of amount, the decline is the highest in the world! Sitting over during the period Hong Kong millionaires with a net worth of $1 million also decreased by 7.14%. Under the report, Hong Kong has once again become the number one. I wonder if anyone will be ashamed. Some experts pointed out that there are several main reasons for the decline of millionaires in Hong Kong. First, there are social events, which have significantly reduced the number of people coming to Hong Kong from the Mainland, and the income of people who depend on mainland customers for food has naturally decreased. Coupled with the outbreak of the epidemic in Hong Kong in the 21st century, the Hong Kong Government has failed to take effective measures to suppress the epidemic for a long time. Customs clearance in the Mainland is far away, and business is getting harder and harder, which makes it possible for companies to close down. The Sino-US conflict, Hong Kong has become a grinding heart, and even its status as a special customs territory is not guaranteed. What is even worse is that on July 1 last year, Hong Kong enacted the National Security Law and made a second return. Foreign investment tends to reduce investment or even withdraw funds. Many families choose to leave Hong Kong and emigrate overseas, and those who have the ability to leave first are exactly the targets mentioned in the report. Therefore, it is normal for the report to say that the number of millionaires in Hong Kong has dropped. The performance of Hong Kong's stock market was not good, and the external reaction could be described as falling but not rising. The Hang Seng Index rose first and then fell, and fell to almost yesterday's lowest level, with a drop of 0.63%, hitting a new low for more than one month.   The British Ministry of Health announced that the blockade in England could be completely ended on July 19th as planned, because the newly added cases did not lead to death, indicating that the vaccine was working. In addition, As the epidemic situation has improved, the Italian government will lift the requirement of wearing masks outdoors from Monday. With the decline of European fatigue, the three major European stock market indexes all rose, and the German DAX index rose by 0.21%; The CAC index in Paris, France rose by 0.14%; Britain's FTSE 100 Index rose 0. 39%. Federal Reserve Chairman Powell expressed his views on inflation when attending the congressional witness for the second consecutive day, saying that the Fed I will not raise interest rates preemptively because I am worried about inflation. I still have some confidence in the current forecast that inflation is temporary. Moreover, the Fed is fully prepared and will use its tools Keep the inflation rate near 2%. When referring to another factor that affects the Fed's rate hike: the US job market, Powell said that employment recovery still has a long way to go, although seeing the US labor market, Being out of trouble, the actual number of recruits is at a high level, but this part of the increase is offset by the number of resignations and retirees, and the temporary factors are affecting employment and extending unemployment benefits May be one of the factors. Finally, he reiterated that the Federal Reserve will not raise interest rates until the job market and economy show broad and comprehensive signs of recovery. Powell's testimony the next day can be said to be fair, No more hawkish information was disclosed, but for venture capitalists, no news is good news. The three major Wall Street indexes rose across the board, with Dow Jones index rising 0.20% and Standard & Poor's 500 index rising 0.51%. The Nasdaq index hit a record closing high, up 0.79%. Federal Reserve Chairman Powell gave a mild testimony for the second consecutive day, and the US dollar exchange rate weakened. The US dollar index fell for the second consecutive day yesterday. It fell nearly 91.6 points, and the yield of US 10-year Treasury bonds also fell slightly. The price of gold fluctuated yesterday, rising first and then falling, with the highest value reaching $1,790 and the lowest value reaching $1,772, and finally closing at $1,779, down $4. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat