Gold market analysis

2021-06-22

June 22 nd     Today's volatility range: The weekly chart of gold price shows that the price of gold has fallen to the support track of the big era in 2019. In addition, the Fed has not continued to hawk, the US dollar index has fallen, and the price of gold has successfully rebounded, but it is expected to remain subject to it The $1,800 mark will fluctuate below it in the short term. Today, the proposed amplitude is 1769-1792.   The epidemic situation in Hong Kong gradually eased, and the Hong Kong Health Bureau announced yesterday that there had been no local infection cases for 14 consecutive days. Chief Executive Carrie Lam Cheng Yuet-ngor led a group of senior officials to meet with reporters yesterday and announced at the meeting that from now on On Thursday, a number of epidemic prevention measures were relaxed, including relaxing the restrictions on the number of people gathered in various meeting places and relaxing the quarantine period for Hong Kong residents arriving in Hong Kong from medium and high-risk areas, as long as they have completed Vaccination lasted for more than 14 days, and it was negative when it was tested for pain virus when it arrived in Hong Kong. In the final physical examination report, it met three conditions such as positive serum antibody, and the quarantine period could be reduced from 14 days to 7 days. Although the epidemic situation in Hong Kong improved and the government relaxed the restrictions on gathering, Hong Kong stocks followed the overseas environment yesterday and worried that the Federal Reserve might raise interest rates earlier next year. The local stock market went down and the Hang Seng Index fell 1.08% yesterday.   China has stepped up its efforts to crack down on the virtual currency market. According to mainland media reports, Sichuan Province has stopped supplying power to all cryptocurrency mines since the early morning of yesterday. After Inner Mongolia and Xinjiang, The mainland government will rectify the cryptocurrency mining area again. In addition, the Agricultural Bank of China, one of the state-owned banks, said that it would never participate in virtual currency-related business, and would increase the investigation and monitoring of bank customers and capital transactions. If any virtual currency transaction is found, measures such as suspending account transaction and terminating customer relationship will be taken immediately, and a report will be made to relevant central departments. The People's Bank of China even said that it will talk about others one after another State-owned banks and other financial institutions, including payment providers such as Alipay. Bitcoin fell 10% yesterday, closing at nearly $31,900 each.   It is an eye-opener that the mainland governance culture is in place. Earlier, in order to encourage fertility and show sympathy for parents' child-rearing expenses, the mainland proposed to limit the class dates of all cram schools in China, which greatly dealt a blow to a number of listed schools Stock price related to tutorial industry! If there is an unfortunate shortage of food one day, I wonder how the elite of the motherland will respond. European Central Bank President Lagarde said in his speech yesterday that financial support is still necessary. If necessary, the ECB still has room to cut interest rates. Her words are welcomed by the risky market! The three major European stock markets all rose, and the German DAX index rose by 1%; The CAC index in Paris, France rose by 0.51%; The FTSE 100 Index rose 0.63%. When Federal Reserve Chairman Powell attended the congressional testimony, he said that he acknowledged that inflation has risen significantly in recent months, and the epidemic continues to pose risks to the US economic prospects. Vaccination may continue to reduce the impact of the public health crisis on the economy. But the new variant virus is still one of the risks. He expects inflation to fall back to the target level of the Federal Reserve, and expects economic activities and employment to continue to strengthen. Although the unemployment rate has risen in May, Moreover, the pace of labor market recovery is uneven, but employment growth is still expected to accelerate. Regarding the economic prospects of the United States, Powell commented that it has been continuously improving since September 2020, and the real GDP is expected to be real It is the fastest growth in decades, but he added that the industries affected by the pandemic are still weak, but the situation has improved.   Powell's testimony did not release the eagle again; Williams, another Fed official, said that there is still a long way to go before the Fed reduces the scale of debt purchase, and it is impossible to judge when the Fed can slow down the pace of debt purchase. Nor has a decision been made on the strategy of reducing debt purchase. His wording is simply to appease the fluctuating market sentiment. The US dollar index went down yesterday and fell below 92 points. The market's fear of raising interest rates by the Federal Reserve has been smoothed out, Wall Street The three major indexes rose at the same time. Traditional economic stocks performed better than technology stocks. Dow Jones index rose 1.76%, Standard & Poor's 500 index rose 1.36%, and Nasdaq index rose 0.79%. According to the weekly chart of gold price, Gold price has fallen to the support track of the great era in 2019. In addition to the decline of the US dollar index, the gold market rebounded from the low level of US$ 1,764 to the highest level of US$ 1,786 yesterday, and finally closed at US$ 1,783, rising by US$ 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

2021-06-21

June 21 ST     Today's volatility range: Under the gloom of shrinking the table and raising interest rates, the gold market fell for three consecutive weeks. The already exhausted market situation was affected by the intention of the Federal Reserve Open Market Committee to raise interest rates early on Wednesday morning, and the gold price began to drop sharply. Dropped $114 every week! From the trend point of view, the gold market plunged for three consecutive days, which has exhausted the long-term rising momentum from March to April. The next step is to test the support of 1725/56. On the optimistic side, The price of gold has fallen close to the rising support track in the great era of 2019. If it is stable at 1760, it can rebound again. Today, the proposed amplitude is 1760-1783. Federal Reserve Chairman Powell will continue to deliver his speech next Tuesday, and his words will surely attract market attention again. The United States will have the first quarter GDP of the United States and the last month of the United States next Thursday and Friday, respectively The core personal consumption expenditure deflator is released, which is another data to measure the inflation index of the United States.     Since the launch of the vaccination program, the Hong Kong Government has been calling on the public to accept the vaccination program, but the response has been mediocre. However, since some merchants paid money to encourage more incentives, the vaccination rate in Hong Kong has obviously increased. The Hong Kong Health Bureau announced yesterday that it had come to Hong Kong to vaccinate the public with a total of about 3.22 million doses of vaccines. The vaccination program is getting better and better, which is also reflected in the situation. There have been no confirmed cases in Hong Kong for 13 consecutive days. The Health Bureau announced yesterday that starting from this Friday, the period of compulsory testing for staff in residential care homes will be relaxed from the current 14 days to 5 days. It seems that the people of Hong Kong, whether given injections or not, have done their part to keep the epidemic. It is no longer going up, but whether we can see the dawn and get through this long winter depends on the control of the Hong Kong government.   On Friday, the market reported that HSBC sold its international business again. The plan is to sell the French retail banking business at a symbolic price of 1 euro. After that, the buyer is required to undertake French local assets with a net value of 2 billion US dollars And related businesses. This is HSBC's move to internationalize again after it announced its withdrawal from the US retail and SME banking markets on the 27th of last month. Although HSBC management stressed that this arrangement will focus on developing the Asian market, But to put it bluntly, HSBC has been betting its future on the Chinese market since Mr. Wang Dongsheng, their former Asia-Pacific chief executive, appeared in the street station in June last year and signed in support of the national security law of the port area. Hong Kong stocks fell for three consecutive days at the beginning of last week, and recorded continuous increases in the last two trading days before the end of the week, but they were still red in the whole week, and the Hang Seng Index still fell by 0.14% in a week. It's only over a week away from the end of June. It seems that Hong Kong stocks have escaped the five poor, but they can't escape the six unique ones!   With China's comprehensive ban on virtual currency, financial and payment institutions are forced not to carry out business related to virtual currency, and Bitcoin has continuously fallen below the US$ 40,000 and US$ 30,000 mark for the first time in more than five months. Last Wednesday, it was as low as $29,625, which caused a ripple effect. Ethereum plunged 43% to as low as $1,905. The cryptocurrency is going up and down rapidly. What's the prospect? I hope to have a chance to analyze it again. Last week, the most important interest settlement was the announcement of the interest rate decision by the Federal Reserve in the morning of the last issue. Although the results were as expected by the market, the Federal Open Market Committee voted to keep the interest rate unchanged at 0.25%. However, the bitmap shows that more officials prefer to raise interest rates earlier, and members expect to raise interest rates twice in 2023, which will be faster than market expectations. Federal Reserve Chairman Powell even said that, If the U.S. economy continues to make progress, it will consider the scale-down plan at the next meeting.   The sound of raising interest rate caused the stock market to fluctuate greatly, and the Dow Jones index fell by 4.91% three days after the Federal Reserve announced the results of interest rate decision. Under the haze of shrinking the table and raising interest rates, the gold market fell for three consecutive weeks, and the price of gold last week The highest price is $1,878. The already exhausted market situation was affected by the intention of the Federal Reserve Open Market Committee to raise interest rates early on Wednesday morning, and the price of gold began to drop sharply, dropping by $114 every week! It is 2020 The biggest weekly decline since the beginning of March, even if the labor and manufacturing indexes released on Thursday were worse than the market expectations, it was still not enough to reverse the market's fear of the Fed's expected interest rate hike, and the gold price could not be bounced. On Friday, the price of gold rebounded to 1797 US dollars, and the US dollar rose above 92.2. The price of gold rose first and then fell, and finally closed at 1878 US dollars, down 9 US dollars every 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

2021-06-18

June 18 th     Today's volatility range: The labor and manufacturing index released by the United States yesterday was worse than market expectations, but it was still not enough to reverse the market's fear of the Fed's expected interest rate hike. The US dollar index approached 92 points, and the Fed used fine-tuning Small moves such as reverse repurchase rate and excess reserve rate show the determination to collect water, and the price of gold continues to drop sharply. From the trend point of view, the gold market has almost risen for a long time from March to April for two consecutive days Can be exhausted, the next step is to test 1725/56. Today, the proposed amplitude is 1760-1783, extending the resistance in 1795. The epidemic situation in Hong Kong is gradually under control, but many industries, such as civil aviation, port transportation and tourism, are still in dire straits. Although the latest unemployment rate in Hong Kong announced yesterday fell to 6%, it was lower than the expected 6.2%. According to a survey conducted by a local labor organization, 34% of the respondents said they had been unemployed for more than one year, and 30% of them said they had no income at all in the past year! Some experts pointed out that the unemployment rate was due to the epidemic Some improvements have been made, and the government has relaxed social isolation measures, so that some industries can employ more employees, such as catering and tutorial schools. The recruitment of tourism as temporary workers by the government in vaccination centers will also help reduce the recent unemployment rate, However, in the long run, the key is to deal with the epidemic situation., If the epidemic situation in Hong Kong is not cleared in one day, customs clearance will not be completed in one day, and the economy and employment will deteriorate rapidly. Experts criticized the government for its inadequacy in helping the public. Still indifferent to the establishment of unemployment cash allowance, describing senior officials as using "Buddhist" means in policy implementation, but looking at people's needs with "The Machine" and turning a blind eye!   After falling for seven consecutive trading days, the Hong Kong stock market finally rebounded, and the Hang Seng Index rose 0.43%. The French government just announced that it would end the curfew and mask order 10 days earlier, but the new pneumonia epidemic in Britain continued to deteriorate. On Wednesday, 9,055 more confirmed cases were announced, the most since February 25th. The House of Commons passed by a large majority, and the date of revoking the final stage of the epidemic prevention measures in England was postponed for four weeks until next month 19th. Health Minister Xia Guoxian said, Delaying the relaxation of social epidemic prevention measures is in the hope that more time can be spared so that more citizens can complete the vaccination against fatigue, so as to expand the group's immune function. The consumer price index of Eurozone residents announced yesterday increased by 0.2%, which was in line with market expectations. The three major European stock markets developed individually, among which the British stock market was dragged down by fatigue, ending five consecutive rises. The German DAX index raise by 0.11%; The CAC index in Paris, France rose by 0.20%; Britain's FTSE 100 Index drop 0.44%. After the Federal Reserve decided to raise the overnight reverse repurchase rate, the market demand for reverse repurchase soared to a record high. Yesterday, the reverse repurchase instrument recovered $756 billion overnight and put it in the Federal Reserve, setting a new record high of $584 billion last week. Due to the flooding of the US dollar financing market, the demand for the Fed's reverse repurchase tools is increasing. The Federal Reserve announced that it would fine-tune the reverse repurchase rate from zero to 0.05%, and raise the excess reserve rate by 5 basis points to 0.15%. It will also help the Fed absorb hot money and prevent the economy from overheating and forcing high inflation. With the interest rate hike and the small move of the Federal Reserve to collect water, the bank stocks immediately led the New York stock market to fall. On the contrary, technology stocks were sought after, and the three major indexes on Wall Street were high and low. Dow Jones index fell 0.62%, Standard & Poor's 500 index fell 0.06%, Nasdaq index rose 0.87%.   In terms of data, the United States announced yesterday that the number of first-time jobless claims in the United States increased by 412,000 last week, which was worse than expected, and it was the first increase in more than a month. Another data also disappointed the market, that is, the manufacturing industry of the Federal Reserve Bank of Philadelphia, USA The index is 30.7 points, which is not up to expectations. Both data show that there are still difficulties in the recovery of the job market. The labor and manufacturing indices released by the United States yesterday were worse than market expectations, but they were still not enough to reverse the market's fear of the Fed's expected interest rate hike. As the US dollar index approaches 92 points, the long-term gold investors are completely incapable of parry. The gold collar rebounded to yesterday's high of 1825 yuan in the early stage, and then plunged to 1767 US dollars, with a drop of more than 58 US dollars at most, and finally rebounded slightly to close at 1773 US dollars. Still down $39. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-17

June 17 th   Today's volatility range: The results of the Fed's interest rate decision at 0: 00 this morning remain unchanged, but the bitmap shows that more members prefer to raise interest rates earlier, and members also expect to raise interest rates twice in 2023. As soon as the Fed's statement came out, The yield of US dollar index and US 10-year treasury bonds soared by 1% and 5% respectively. However, yesterday, it was said that the gold market was getting worse, and the repeated declines in gold prices had absorbed the upward force accumulated since May. Or to test the support of $1844. However, I can't believe that this support position is so vulnerable, and the price of gold keeps dropping, and only when it drops to the Faber gold ratio of 1: 1 (AB = CD) does it rebound slightly. Because yesterday's decline was too large, it is expected to rebound today, with the maximum drop of 60 dollars and one third of the price yesterday, with the target of 1824 dollars. Today, the proposed amplitude is 1807-1824.     Yesterday morning, the essay just mentioned that the Hong Kong administration team does not have the concept of governing the country like cooking a little fresh food, and measures the meaning everywhere, reaching out to manage everything. Another incident yesterday confirmed that what was said was true. The Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, We are reviewing the legal aid system and hope to have results before the end of the year. Before the incident, Dr. Kuo Chai criticized the Legal Aid Department for overcharging and wasting public money. However, the Honourable Member may not have done enough homework and the Legal Aid Department published it afterwards He did not criticize by name, saying that the examination and approval of all applications for legal aid had already followed the existing procedures, and hoped that other people would not jump to conclusions. The percentage of seats won from all successful cases approved by the Legal Aid Department exceeded 70%. Judging from the results, How can the LAD be regarded as overcharging? But if you want to add sin, you won't get away with it! Yesterday, some Legislative Council Members made it clear that legal aid should not be granted for certain types of cases. Although Hong Kong returned to China for the second time on July 1 last year, Become more like other parts of the motherland! However, we must know that Hong Kong is still implementing the common law. Before the court has made a judgment, the suspect is presumed innocent. If the innocent person is charged, there is no place for justice Let's ignore their power! Anyway, I think Hong Kong is very ill!   Foreign direct investment data released by the mainland last month fell by 3.2% month-on-month, dragging down Hong Kong stocks and falling for seven consecutive trading days. Yesterday, Hang Seng Index fell by 0.7%. With the ideal progress of vaccination program, The COVID-19 epidemic in France returned to about 3,000 cases per day, the lowest since August last year, and the improvement was faster than the French government expected. Yesterday, the French government announced that it would lift the curfew from this Sunday. Most parts of the country will also cancel the requirement of people wearing masks outdoors from tomorrow. The curfew was lifted 10 days earlier than originally expected by the government. The three major European stock markets developed individually, among which the British stock market rose for five consecutive days. The German DAX index fell by 0.14%; The CAC index in Paris, France rose by 0.20%; Britain's FTSE 100 Index rose 0.18%. The Federal Reserve announced the results of the interest rate decision at zero this morning. As expected by the market, the US Federal Open Market Committee It will be decided to keep the interest rate unchanged from 0 to 0.25%, but from the bitmap, more officials prefer to raise interest rates early. It is expected that there will be 7 members who will start raising interest rates in 2022, three more than the previous quarter; It is expected to start raising interest rates in 2023 There are 13 members, 6 more than last season. According to the bitmap, members expect to raise interest rates twice in 2023, and the rate of raising interest rates will be faster than the market expectation. Although the Fed did not suggest when to withdraw from the market, the chairman of the Federal Reserve Board Powell said that if the progress continues, the plan to reduce the scale will be considered at the next meeting. As soon as the Federal Reserve announced, the US dollar index soared by 1%, breaking to 91.4 points, while the yield of US 10-year treasury bonds rose more than 5%. The highest approaching 1.59%. The Fed's tendency to raise interest rates early shocked the New York stock market, and the three major Wall Street indexes fell across the board, with Dow Jones index falling 0.77%, Standard & Poor's 500 index falling 0.53% and Nasdaq index falling 0.24%. Investors wait and see the Federal Reserve to discuss interest rates, and gold investors become cautious when entering the market. From yesterday until the opening of the US market, gold prices were relatively calm for most of the time, only fluctuating between 1854 and 1860 dollars. But at the Federal Reserve After the results of the interest rate decision and the public meeting statement were released, the market immediately dropped from a high level to US$ 1,803, with a drop of nearly US$ 60 at most, and finally rebounded slightly to US$ 1,812, closing down by US$ 47. 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2021-06-16

June 16 th     Today's volatility range:   Last night, the United States released retail sales data and producer price index. The two sets of data were positive and negative, which did not cause a big impact on the gold market. On the contrary, investors became cautious about the Fed's interest rate decision tonight. The decline of gold price ended. It has been analyzed earlier that the Federal Reserve will not raise interest rates in the middle of next year. It is expected that there will be more trends in the bitmap showing officials' views on reducing the purchase of government bonds. Inflation is still not targeted, Scholars and experts expect that the interest rate will remain unchanged tonight, and the market may be more sensitive to the wording of Federal Reserve Chairman Powell. However, the gold market is getting worse, and the price of gold has fallen many times and has been digested since May Accumulated upward force, and showed a change in the trend, forming a top-bottom inversion at the 1870 position, or testing the support of $1844. Today, the proposed amplitude is 1844-1866.   The Hong Kong Centre for Health Protection announced that there were two new imported cases in Hong Kong yesterday, both of which were foreign domestic helpers arriving from Indonesia. Experts have recently reminded the Hong Kong Government that Indonesia should be listed as a very high-risk area and it is forbidden to stay It took more than two hours for local people to board the plane to come to Hong Kong. The Hong Kong government admitted yesterday that the local epidemic continued to be unstable, but it tightened Indonesia as a very high-risk area. From Monday to next week, people arriving from Indonesia need to accept 21+7 Isolation measures. As for the 17-year-old girl infected with variant Covid-19 in Tin Shui Wai recently, Professor Yuan Guoyong, an expert consultant of the government, pointed out that there is no community infection or outbreak in Hong Kong for the time being, which is "good luck". Social distance and input prevention measures should be examined. Nowadays, people who govern Hong Kong do not have the concept of governing the country like cooking a little fresh food. They measure their intentions everywhere and reach out to manage everything. Earlier, the Education Bureau had a curriculum content for general education Pointing and pointing, following the revision of the electricity inspection regulations, he restricted every minute of what color clothes he wore to the public, but treated the virus that burned to his body loosely. The result was not proved by strength, but only by providence! Is there a doctor in Hong Kong?   Hong Kong stocks kept falling, falling for six consecutive trading days, and the Hang Seng Index fell 0.71% again yesterday. US President Biden left for the EU headquarters in Brussels, Belgium, and prepared to attend the EU summit. The participants also included the EU Ursula von der Leyen, Chairman of the Committee, and Michel, President of the Council of Europe. The outside world believes that Biden's trip will emphasize the relationship between the two sides as a firm ally, in order to repair the Trump administration period and "the United States is great again." As a slogan, a big trade war was waged against the world, causing enemies everywhere, including the tense relations within the EU. In addition, I believe that they will also discuss cooperation on geopolitical and economic and trade issues and discuss ways to deal with China's utilization The rise of unequal advantages. Before the start of the meeting between European and American giants, they were friendly and sent an olive branch; The two sides issued a joint statement on the air subsidy dispute between the European Union and Boeing and Airbus of the United States. Means that both parties will suspend retaliatory tariffs on each other for a period of five years. The estimated total amount involved is $11.05 billion. Both sides hope to find a solution to the dispute through negotiations in the next five years. Biden sent an e-mail after reaching an agreement, saying, "Based on this model, we can deal with other challenges brought by China's economic model. 」   The three major European stock markets closed higher, with the British stock market rising for four consecutive days. The market waits and sees the interest rate decision of the Federal Reserve Board, limiting the market's increase. The German DAX index rose by 0.36%; The CAC index in Paris, France rose by 0.35%; The FTSE 100 Index rose 0.36%. The U.S. Federal Reserve will announce the results of interest rate decision in the morning of June 17. Investors have become cautious, with U.S. stocks opening higher and closing lower, Dow Jones index falling 0.27% and Standard & Poor's 500 index falling 0.71%. Nasdaq index fell 0.16%. The market is worried that runaway inflation in the United States will lead the Federal Reserve to raise interest rates earlier. Last night's retail data showed that the core price rose slightly compared with last month, but it still did not reach the expected positive growth. While the producer price index continued to rise, because the shortage of supply affected the price of plateau materials and the increase of import price. Two sets of figures are positive and negative, the market reaction is dull, and the US dollar index fluctuates at 90.5 level. The gold market fell again yesterday. Last night's retail data and producer price index did not have any impact on the market after the data were released. The gold price reached a high of 1869 US dollars yesterday, but investors became cautious about the Fed's interest rate decision tonight. The price of gold fell to a minimum of $1,852, and finally closed at $1,859, down $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

2021-06-15

June 15 th     Today's volatility range:   Britain's fatigue is repeated. The government decided to delay the lifting of social restrictions for one more month. The pound fell again against the US dollar. The US dollar index was relatively strong. In addition, the expectation of general account was even worse. The gold market took on yesterday's decline. After a sharp drop of $33, the relative strength index of 1 was super oversold to 13, but it also ushered in a strong rebound of nearly $20, and it was like riding a roller coaster together. The market is worried that runaway inflation will lead the Fed to raise interest rates early. There are retail sales data and producer price index tonight, and it will be announced tonight whether there is really worse inflation as worried by the market, which will affect the direction of the Fed. Today, the proposed amplitude is 1857-1874.   Tomorrow, the US Federal Reserve will decide the interest rate. Before shrinking the table or raising interest rates, Fed officials will tend to focus on whether the employment data continues to improve, more than the growth rate of the pass rate, because they still believe in the current Inflation is short-lived and has not gone out of control. Try to find out what is wrong with the employment situation in the United States from the research reports of other institutions, and then predict the delisting schedule of the Federal Reserve. The International Labor Organization under the United Nations published the annual Global Employment and Social Outlook report earlier. The survey pointed out that due to the impact of the epidemic, the global unemployed population will reach 220 million this year, which is estimated to be global this year The unemployment rate will reach 6.3%, which is higher than the level of 5.4% before the epidemic. What is more pessimistic is that the ILO predicts that the job market will not fully recover until 2023 at the earliest.   Fitch, a rating agency, also evaluated the American labor force, arguing that the employment rate in the United States could not be fully recovered until the fourth quarter of 2022, because it took a long time for workers and employers to find a suitable match. Especially, it is more difficult for older workers to return to the labor market. Fitch also cited a number of factors that hindered the recovery of the US labor market: First, job seekers' confidence. More than 30% of unemployed workers in the United States have not worked for more than one year. The numbers are rising. The longer a job seeker is unemployed, the more difficult it is to return to the workplace, and the morale of job seekers is slowly worn away. Secondly, the society has changed rapidly under fatigue, and the former low-skilled jobs may have disappeared forever. If job seekers fail to learn new skills or successfully transform, they may be eliminated. Then there is the welfare assistance program in the United States. Because the safety program for the unemployed in the United States is relatively loose and generous, the amount of unemployment benefits distributed is higher than that of the market Temporary workers earn more. In the market, they prefer to apply for assistance rather than go back to work.   From the above report, it can be concluded that the employment situation in the United States will not recover before 2022, while the change of social work ecological environment has caused more jobs to disappear, and the unemployment rate in the United States will not return to the level before fatigue. So it is estimated that Fed officials Before the end of the year, there will only be more discussion voices to express delisting, but the discussion and implementation will not be realized until the second quarter of next year. European and American stock markets have shown individual development, and the German DAX index fell by 0.13%; The CAC index in Paris, France rose by 0.24%; Britain's FTSE 100 Index rose 0.18%. In the United States, technology stocks led the upward trend, but only Jones index opened higher and closed lower, down 0.25%, Standard & Poor's 500 index rose 0.19%, and Nasdaq index performed best, up 0.74%. Yesterday's Dragon Boat Festival holiday, Hong Kong stocks are closed. In the past, many districts of the Dragon Boat Festival held dragon races to win gold medals according to tradition, and citizens also took advantage of the holidays to go out to watch dragon boat races to feel the festive atmosphere. However, due to the Covid-19 epidemic, dragon boat races were cancelled in many districts this year. Most citizens can't feel the deafening drums of the past and the fierce competition in Qi Fei; However, yesterday's performance of the gold market was not enough, and the degree of stimulation was even worse! The gold market undertook yesterday's decline, and the performance started from the Asian market without water spray From yesterday's high of $1,878, it plunged into more than $30 to $1,845, and rebounded after the opening of the US market. The rebound strength was also strong, and it was more than 20 US dollars to play. It was like riding a roller coaster together, and finally closed at $1,866, down $12. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-11

June 11 th   Today's volatility range: Yesterday, the price of gold fluctuated greatly due to the inflation rate in the United States, resulting in a double-win situation. Inflation beat expectations, but it still pushed the gold market up to the psychological barrier of 1900 and closed. It can be seen that bulls still have the upper hand. It is expected to successfully challenge this barrier today. Today, the proposed amplitude is 1894-1908.   The Standing Committee of the National People's Congress passed the Anti-Foreign Sanctions Law before the end of the meeting, and President Xi Jinping signed the implementing law for immediate implementation. According to media reports, countermeasures include suspension, Change or cancel relevant measures. The law can empower domestic official agencies to implement various sanctions against sanctioned persons or institutions, including non-issuance of visas, non-entry, Cancellation of visa or deportation, sealing and seizure of movable and immovable property and other types of property, and restriction of trading cooperation with sanctioned organizations or persons in China. The provisions also stipulate that any domestic legal person Anti-sanctions should be implemented against officially announced sanctioned persons and organizations. If they fail to implement or cooperate, they will be investigated for legal responsibilities according to law. If any organization or individual violates regulations and infringes on legitimate rights and interests, Chinese citizens or organizations may bring a lawsuit to the people's court according to law to stop the infringement and compensate for the losses.   Although the provisions did not specifically mention how to implement the Anti-Foreign Sanctions Law in Hong Kong and Macao, earlier Chief Executive Carrie Lam Cheng Yuet-ngor welcomed the establishment of the bill to protect the legitimate rights and interests of the country; Therefore, President Xi should not worry that the SAR will become a loophole in the law. Efforts to combat foreign forces did not help the performance of Hong Kong stocks yesterday. Hong Kong stocks fell for six consecutive days, and Hang Seng Index continued to fall by 0.01%. The European Central Bank announced the interest rate decision yesterday, which is in line with the market forecast of zero interest rate. In his speech after announcing the interest rate decision, European Central Bank President Lagarde said that it is appropriate for European countries to use the emergency anti-epidemic bond purchase plan. The economy of the euro zone is improving one after another, so the central bank raised the forecast of the whole euro zone in 2022 and 2023 by 1.5% and 1.4% respectively. Lagarde said that although inflation expectations will rise in the second half of the year, However, with the gradual disappearance of temporary factors, the inflation rate will drop, and the overall inflation rate will be lower than the expected level. When inflation officially comes, it is estimated that the market interest rate will rise, and the normal score reflects the economic improvement. However, the continuous increase may lead to premature tightening, and the European Central Bank will monitor the exchange rate. Lagarde not only expressed that it is not the time to withdraw monetary and fiscal policies, but also predicted inflation and interest. She also mentioned the delisting arrangement for the first time, saying that there will be discussions about withdrawing from the emergency anti-epidemic bond purchase program "at an appropriate time".   At Thursday's meeting, it was reported that three policy makers of the European Central Bank wanted to reduce the purchase scale of the emergency anti-epidemic bond purchase program. The comments of these officials had a slight impact on the stock market in the euro zone. The British stock market is unique, and the DAX index fell by 0.09%; The CAC index in Paris, France fell by 0.06%; The FTSE 100 Index rose 0.11%. Affected by the low interest rate environment, the epidemic situation is ending and the unemployment rate is high However, the wealth of American families has been rising, and the net value increased to 5 trillion US dollars in the first quarter of this year, setting a historical record. The report pointed out that the survey results were mainly due to the appreciation of buildings and stocks. The three major indexes of Wall Street stock market took advantage of the momentum, with Dow Jones up 0.05%, Standard & Poor's 500 up 0.47% and Nasdaq up 0.78%. Yesterday, the gold market fluctuated sharply. The general account was better than expected. Last month, the inflation rate rose by 0.7%, which was nearly 75% higher than the expected 0.4%. After the figures were released, the gold market became a long-short double-killing development, with a minimum drop of $10 to $1,870. However, the price of gold rebounded sharply by US$ 20. In addition, the auction of 10-year treasury bonds in the morning of today fell below 1.5% for the first time since May and won the bid at 1.497%, which stimulated the price of gold to rise to the highest level of US$ 1,900. Finally, it closed close to this high, rising 11 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

2021-06-10

June 10 th   Today's volatility range: Yesterday, the price of gold continued to fluctuate, but it turned back before it reached the psychological barrier of 1900. It is still expected to be in a pattern of contention. The core consumer price index of the United States will be released tonight, and there will be a big market then. Maintain the suggested amplitude in 1882-1904. The results of the salary trend survey were announced earlier. After deducting the incremental salary expenditure ratio, the net salary trend indicators of civil servants were all required to reduce their salaries, but the Executive Council approved 180,000 civil servants This year's salary freeze is also the second consecutive year after last year. A number of civil service unions welcomed the decision to freeze wages. Civil servants claim that the frozen salary last year shows that they have weathered the storm with the public, Freezing wages again this year will definitely hurt the morale of civil servants as a whole. However, after careful consideration, civil servants holding golden rice bowls stayed at home and worked for a long time during the epidemic, and the time and money saved were a salary increase in disguise. At present, ordinary wage earners do not talk about salary increase, that is, it is difficult to keep a job. While the unemployment rate in Hong Kong is as high as 6.8%, people are still in dire straits. What is meant by going through the difficult times together? Besides, since 2013, Civil servants have accumulated a salary increase of nearly 30%, which is hard for ordinary people to expect. It seems that the morale of the public has been hit more than that of the civil service team!   Hong Kong stocks fell for five consecutive days, while Hang Seng Index continued to fall by 0.13%. The European Central Bank will also announce the interest rate decision today, and the market is expected to maintain the zero interest rate decision. Earlier, European Central Bank President Lagarde has definitely pointed out that, We can't withdraw the monetary and fiscal policy support too soon. Therefore, the daily interest rate negotiation will not have a greater impact on the market. The three major European stock markets are mixed. The French stock market rose alone, and the DAX index fell 0.39%; The CAC index in Paris, France rose by 0.19%; Britain's FTSE 100 index fell 0.22%. It is reported that millions of doses of COVID-19 vaccine produced by Johnson & Johnson have not been used in all parts of the United States, and will expire in parallel, causing waste. State health officials called on the federal government to co-ordinate and coordinate the redistribution of vaccines. U.S. President Biden arrived in Britain to attend the G-7 Leaders' Summit, which will be held for three consecutive days from Friday. According to the report, the Biden administration plans to donate 500 million doses of Pfizer's COVID-19 vaccine to the world, and may officially announce the plan at the G-7 meeting, while responding to the previous World Bank appeal.   The three major indexes of Wall Street stock market fell across the board, with Dow Jones index falling 0.44%, Standard & Poor's 500 index falling 0.20% and Nasdaq index rising 0.09%. The Bank of Canada announced yesterday that the interest rate will be decided. Maintain the benchmark interest rate unchanged at 0.25%, and at the same time, announce to maintain the reduction of weekly bond buying scale of 3 billion Canadian dollars since April. Although Canada has not adjusted the interest rate and bond buying scale again, But inflation is expected to continue to rise in the future. Earlier, the Bank of Canada predicted that if the inflation rate continued to reach 2%, it would consider adjusting interest rates, suggesting that the period of raising interest rates is not too far away. And in America, The inflation rate has exceeded 2%. The reason is that the vaccination progress is ideal, and the epidemic prevention measures are gradually lifted. The US economy is stimulated by consumer behavior, and consumer prices are growing rapidly. The US core will be released tonight According to the consumer price index, the price in May will increase by 0.4% more than that in April, and the annual rate will increase by 3.4%. This inflation rate cannot be considered moderate by any means! Yet the Fed still believes in inflation It is temporary. I try to analyze their ideas from the perspective of Fed officials. Today, the employment situation in the United States is still not ideal, the high unemployment rate lies in about 6%, and the traditional idea is that the income of citizens increases. Only when we have confidence in the future can we speed up expenditure, thus pushing up prices and causing inflation. Now inflation is caused by the retaliatory consumption of Qing consumers in the post-epidemic era, so it is temporary.   The views of Fed officials are not unreasonable, and some data need time to digest. For example, the leisure and hotel industry provided the most jobs in the ADP report last month, with a total of 292,000 jobs. These new jobs are permanent or temporary, which is really difficult to predict and can only be proved by time. However, some experts put forward different views. In the Biden administration of the Democratic Party, welfare will continue to favor the poor. When the unemployment assistance is enough to support daily life, it will make some people think about work, so the unemployment rate will be higher than the previous level, and enterprises will naturally raise their wages in order to win employees. The general income of the public will still increase when the unemployment rate is too high, which will eventually lead to inflation. Cooked or cooked will be known at the latest next year, and the core consumer price index of China will be released tonight. Yesterday, the price of gold continued to fluctuate, but it was generally flat, with a high and low volatility of only US$ 12. The price of gold rose by US$ 1899, reaching a minimum of US$ 1887, and finally closed at US$ 1889, down by US$ 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

2021-06-09

June 9 th   Today's volatility range: Yesterday, the price of gold continued to fluctuate, once rising above the psychological barrier of $1,900, but it was unsustainable, and it is expected to fluctuate in the short term. Today, the proposed amplitude is 1882-1904. At the beginning of the COVID-19 epidemic, the global ban on flying was incessant and became a fatal blow to the aviation industry. Cathay Pacific, once one of the three major airlines in the world, was no exception, and fell into financial difficulties last year. In October last year, it was announced that 8.5 thousand people were laid off in the world, and Hong Kong accounted for 62% of the reduction of the number of presidents, close to 5.3 thousand people, making it the largest single company layoffs in Hong Kong history. At the same time, it announced the termination of its Dragonair operation. To support Hong Kong's continued role as an international aviation hub and drive other related economic activities, the Hong Kong Government has invested HK$ 30 billion to become shareholders. And granted a transitional loan of HK$ 7.8 billion for one year. Yesterday, the Hong Kong Government accepted Cathay Pacific's request to extend the repayment period by one more year. However, the key is to deal with the epidemic situation. If the frequency of Hong Kong airport cannot be increased, Cathay Pacific will be unable to repay the loan! Cathay Pacific is hard to take off again unless White Warrior buys Cathay Pacific!   Hong Kong stocks fell for four consecutive days, while Hang Seng Index continued to fall by 0.02%. The World Bank released the latest global economic forecast yesterday. The report raised the global economic growth rate to 5.6% this year, predicting that rich countries will be vaccinated by COVID-19, Under the fiscal stimulus measures, it is expected to achieve the fastest growth year since 6.6% in 1973. However, the World Bank pointed out that the recovery is uneven, which largely reflects the sharp rebound of some major economies. The most obvious is the United States, which is highly unequal in vaccine access opportunities due to massive financial support. It calls on rich countries including the United States to release excess vaccine doses to developing countries as soon as possible. The World Bank raised the growth rate of global economies, including the following four strongest regions in the world: the US economy increased by 3.3% to 6.8%, the Eurozone by 0.6% to 4.2%, and China by 0.6% to 8.5%. Japan is expected to achieve an economic growth of 2.9% this year. However, the World Bank warned that there are still variables in these economic forecasts, including the possibility of epidemic warming, the intensification of inflation forcing the central bank to raise interest rates, And that heavy debt burden face by all countries.   The three major European stock markets are mixed. German stock market fell alone, DAX index fell 0.24%; The CAC index in Paris, France rose by 0.11%; The FTSE 100 Index rose 0.23%. The three major indexes of Wall Street stock market developed independently, Dow Jones index fell 0.09%, Nana Standard & Poor's 500 index fell 0.02%, Nasdaq index rose 0.32%. Last month, the Bank of Canada announced the result of interest rate decision, keeping the benchmark interest rate unchanged at 0.25%. And said that the economic recovery impacted by the epidemic continued to need special monetary policy support. At that time, the Bank of Canada announced that it would cut its weekly bond buying scale from 4 billion Canadian dollars to 3 billion Canadian dollars, and hinted that it would resume raising interest rates as soon as next year. Canada took the lead in becoming the first country in America to start defending. Today, the Bank of Canada will announce the interest rate decision again. It is certain that the interest rate decision will remain unchanged. However, it is worth paying attention to whether it will reduce the scale of debt purchase again, or use tougher language to affect the foreign exchange market, especially the performance of the US dollar. Yesterday, the price of gold continued to fluctuate. The price of gold rose to the psychological barrier of 1,900 US dollars. The highest price was $1,904, but the strength was not sustained, and it quickly returned to $20. Yesterday, the lowest price was $1,884, and finally closed at $1,893, down $6. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-08

June 8 th   Today's volatility range: The US dollar fell due to the spread of dollarization in Russia, and the gold market was supported again. The gold price really challenged the psychological barrier of US$ 1,900 yesterday and closed close to this position. It is expected that a breakthrough will still be made above US$ 1,900. Today, it continues to fluctuate, because it is optimistic about the performance of the market outlook, so it gradually pushes up the resistance and support position. Today, the proposed amplitude is 1888-1907.   The infection group of new varieties of viruses in Hong Kong continues to expand. Experts point out that there are loopholes in the inspection of inbound tourists by the Hong Kong Government, which leads to the entry of viruses into the community. However, the vaccination progress in Hong Kong is still slow. The government only hopes to raise the vaccination rate continuously to build up the group immunization effect, and often stresses that the public must rely on extensive vaccination of COVID-19 before the economic activities in Hong Kong can resume. People's life and travel have returned to normal, but their actual actions are zero. Do Hong Kong officials govern Hong Kong with Buddhist thoughts? In addition to the epidemic obstructing Hong Kong's economy, the changes in the business environment in recent rows have also caused foreign businesses Choose to reduce investment in Hong Kong, and even choose to leave Hong Kong permanently. According to the report of a large survey bank, since 2019, the vacancy rate of Hong Kong offices has reached a 15-year high, and 80% of the rented floors have been retired The financial sector, which is one of the lifeblood of Hong Kong's economy and comes from multinational companies, has also experienced a wave of foreign capital withdrawing from renting. The main reason for these big banks to withdraw from renting is the recent changes in the political behavior and ideas of the Hong Kong government. So that investors no longer feel as safe as before, the government has really not done a good job!   Hong Kong stocks fell for the third consecutive day yesterday, and Hang Seng Index continued to fall by 0.45%. German industrial orders fell by 0.2% month by month in April, and the three major European stock markets were mixed. The German DAX index fell by 0.11%; The CAC index in Paris, France rose by 0.43%; The FTSE 100 Index rose 0.03%. US Treasury Secretary Yellen said in the media after attending the G 7 finance ministers meeting in London that he is not worried about US President Biden' s The $4 trillion spending plan will trigger inflation and raise interest rates. She believes that this spending level is not enough to cause excessive inflation, and said that if the final interest rate level rises slightly, From the perspective of society and the Federal Reserve, this is actually a good thing. Yellen's remarks made the market worry that the Fed will speed up the pace of interest rate hikes. The three major indexes of Wall Street stock market developed independently, and the Dow Jones index fell by 0.36%. The S&P 500 index fell 0.07%, while the Nasdaq index rose 0.49%.   In a statement issued yesterday, the Russian Ministry of Finance said that due to the US sanctions against Russia, the trade settlement gradually shifted from the US dollar to other currencies, and the Russian Ministry of Finance decided to support this change. And will rely on economic means to encourage enterprises, whether private or state-owned, to switch from dollars to euros, but it is not intended to restrict the use of dollars. The Russian Ministry of Finance will create regulatory incentives to encourage the whole process. The first goal is to make Russia a Europeanized country and let the euro completely replace the US dollar. Russia's Ministry of Finance added that such regulatory stimulus measures cannot include any ban, only economic measures. At the same time, two important Russian media have withdrawn the expression quoted by the Ministry of Finance officials earlier. The official said that the Ministry of Finance may issue instructions to Russian state-owned enterprises, making them pioneers of de-dollarization. But afterwards, the official retracted his statement.   Russian Finance Minister Siluano said last week that he is planning to sell out the US dollar assets of Russian sovereign funds and shift his focus to RMB, Euro and gold, and expects to be within one month at the earliest After completing the warehouse transfer, and now adding the above reports, we can see how determined Russia is to dollarize; Although the Russian official withdrew his wording this time, the official is in charge of the iron curtain country like Russia All powers, the ones below, will feel on their own. It's a piece of cake to achieve the will of the chief executive! Yesterday, the price of gold really tried to rush to the psychological barrier of 1900. The price of gold saw a minimum of 1882 US dollars yesterday, and the US dollar index was passed down Russia fell after de-dollarization, and the gold market rebounded after being supported again, reaching a maximum of $1,900, closing close to yesterday's high of $1,899, rising by $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

2021-06-07

June 7 th   Today's volatility range: In the first two trading days of the weekend, the gold market fluctuated greatly due to non-agricultural data, with the worst value of $1,856. However, when the gold price opened in May, it was calculated that the highest price had risen as much as $140. Therefore, with the downward adjustment of USD 37 on Thursday, the 14-day relative strength index of gold has been lowered from overbought to 63 points, which is more beneficial to the development of the market outlook, which also provides better opportunities for everyone to enter the market. Last Friday's bomb also confirmed that the market promotion was not over yet. Earlier, it was analyzed that the dilemma of the Fed's interest rate increase lies in that the inflation rate has exceeded the upper limit of the Fed, but the job market is lagging behind. Only by constantly diluting the out-of-control of currency; Nowadays, the employment data is still a little behind, and the worries of the market that the Fed will speed up the contraction of the table are temporarily erased. This Thursday, the United States will announce the core of May Consumer price index, when the market will be able to spy on the Fed. Before the Fed has any new information, the price of gold should break through the psychological barrier of $1,900 again. Today, the proposed amplitude is 1882-1900. Last week, the rising trend of the weekly chart of the gold market finally broke the cable. At the beginning of the week, it still fluctuated within a narrow range. Most of the time, it struggled for the psychological barrier of $1,900. On Thursday and Friday, the price of gold changed and was fully employed The data fluctuated greatly, and the ups and downs between two days were sharp! On Thursday, ADP released a report on the change of non-agricultural employment in May, which showed that 978,000 new jobs were added. It is the highest figure since June 2020. From the classification in the report, it can be seen that the service industry alone has increased by 850,000 jobs, and the industries with the largest growth are leisure and hotel industry, with an increase of 440,000 over the previous month. Last month, the purchasing managers' index of the Institute of Supply Management in the United States published 64 points, which just supported the acceleration of the recovery of the service and retail industry in the United States. And then another employment announced The data also reflect that the job market is booming and the number of unemployed people is decreasing. Last week, the number of people applying for unemployment benefits for the first time in the United States recorded 385,000, setting a new low since the week of March 14 last year. It fell below 400,000 people for the first time. The gold market was greatly adjusted. The highest price of gold on that day was $1,910. After the data released by small non-agricultural enterprises, the yield of US dollars and 10-year government bonds increased, and the price of gold fell below the level of $1,870. The lowest price was $1,865, and the intraday fluctuation reached $45. It rebounded slightly before the closing of the day and closed at $1,871, still falling by $37.   In the early days of the market opening on Friday, the market continued to worry about the ideal employment data, which would speed up the Fed's interest rate hike. The gold market took on an early decline and fell below the support position of $1,864 on Thursday. The short position left one foot. The lowest price of gold started to rebound at $1,856. In addition, the number of non-agricultural employment in the United States last month exceeded 559,000 as announced by the US Department of Labor. Although it has doubled from April, However, it was still lower than the market expectation, and the US dollar fell immediately. The gold price recovered most of the lost ground on Thursday, with the highest price of US$ 1,896, and finally closed at US$ 1,891, rising by US$ 21 every day and falling by US$ 7 every week.   Earlier, it was analyzed that the dilemma of the Fed's interest rate hike lies in the fact that the inflation rate has exceeded the upper limit of the Fed, but the job market is lagging behind. Only by constantly diluting the runaway currency, the employment data still lags behind. The market's worries that the Fed will speed up the contraction of the table are temporarily erased. However, the Federal Reserve is planning to gradually sell an emergency loan arrangement launched last year against the COVID-19 epidemic, that is, by buying a corporate bond portfolio The increased liquidity in the market shows that the liquidity in the market is sufficient now. Although the Federal Reserve reiterated that the reduction of investment portfolio has nothing to do with monetary policy, it is not any signal of monetary policy. But the discerning person also Knowing that this reduction is followed by a reduction in debt purchase, and finally an increase in interest rates. Even though the Fed still believes that the current general account is temporary, whether the US inflation rate is out of control before raising interest rates is still the market concern As this is one of the necessary conditions for the Fed to consider delisting, the United States will announce the core consumer price index for May this Thursday, when the market will be able to spy on the Fed's movements. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-06-04

June 4 th   Today's volatility range: Earlier, it was analyzed that the dilemma of the Fed's interest rate hike lies in the fact that the inflation rate has exceeded the upper limit of the Fed, but the job market is lagging behind. Only by constantly diluting the runaway currency, the employment data has caught up. The market is worried that the Fed will speed up its contraction. It is normal for the gold market to adjust sharply yesterday. From the beginning of May to June 2, the price of gold has risen by more than 100 US dollars, and yesterday's adjustment was ideal. Today, there are still US non-agricultural data. Yesterday's trend shows that the price of gold has strong support at 1864 US dollars. For example, the performance of non-agricultural data tonight is significantly better than market expectations, and the price of gold may jump above 1864 US dollars It's $1853 to try. However, since yesterday's small non-agricultural industry has made enough shocks last night, today's suggested volatility is 1865-1874. Fubitai vaccine is allowed to be used by younger people in the United States and Europe respectively, and the age is reduced to 12 years. The Secretary for Food and Health, Chen Zhaoshi, made reference to the Advisory Expert Committee Based on the opinions and local conditions, it was decided to lower the lower age limit for vaccination of Fubitai from 16 to 12. However, the vaccination rate in Hong Kong has increased recently, and many merchants have offered vaccine concessions. The most striking thing is that some real estate developers have offered buildings worth HK$ 10 million to encourage Hong Kong people to get vaccinated. Whether the government's face can be preserved in a two-pronged manner depends on the vaccination rate in the next two months At the end of May, the Hong Kong Government still complained: "The service life of the current stock of Fubitai vaccine will expire in mid-August this year. If the vaccination amount is not enough to offset the stock, it will be wasted." Precious vaccine. 」   Recently, the central government has spared no effort in suppressing overheating of the economy and appreciation of the renminbi. After announcing earlier that the foreign exchange deposit reserve ratio of financial institutions would be raised by 2 percentage points in mid-June, it made another move yesterday. According to media reports, China's two major policy banks re-issue domestic US dollar bonds after a few years, so as to tighten domestic US dollar liquidity and ease the rapid rise of RMB. Although China has frequently intervened in RMB appreciation in recent days, However, there is still no obstacle to the inflow of foreign capital into China. Russian Finance Minister Siluanov said that he is planning to sell out all the US dollar assets of Russian sovereign funds and shift the focus to RMB, Euro and gold. The warehouse transfer can be completed within one month at the earliest. In addition, some analysts believe that RMB is on the rising track, because with the worsening epidemic situation in India and Vietnam, more and more orders are being transferred to China. It is expected that the offshore RMB will continue to rise within one year.   Hong Kong stocks fell for the second consecutive day yesterday, and Hang Seng Index fell 1.13%. The economic data released by the Eurozone yesterday generally met market expectations, and the three major European stock markets developed individually, with the German stock market rising for three consecutive days. The British stock market ended its three-day uptrend. The German DAX index fell by 0.07%; The CAC index in Paris, France rose by 0.34%; The FTSE 100 Index rose 1.03%. Last night, the United States announced that the economy was leaning towards economic recovery. First, the number of non-agricultural employees changed in May, and the data showed that 978,000 new jobs were added, which was the highest since June 2020. From the classification of the report, it can be seen that the service industry alone increased 850,000 jobs. Among them, the industries with the largest growth are leisure and hotel industry, with an increase of 440,000 over the previous month. In the United States last month, the Institute of Supply Management's non-manufacturing purchasing managers' index was announced at 64 points, which just supported the US service and The pace of retail recovery is accelerating. Another employment data released later also reflected that the job market was booming and the number of unemployed people decreased. The number of people applying for unemployment benefits for the first time in the United States last week recorded 385,000. It set a new low since the week of March 14th last year, and it was the first time that Covid-19 fell below 400,000 people after the outbreak in the United States.   Last night, the latest economic data in the United States showed satisfactory performance, among which the employment data was even more outstanding. Earlier, it was analyzed that the dilemma of the Fed's interest rate hike is that the inflation rate has exceeded the upper limit of the Fed, but the job market However, it is far behind. Only by constantly diluting the out-of-control of currency, the employment data is catching up. The market is worried that the Fed will speed up the contraction. The three major indexes of the Wall Street stock market have reported losses in an all-round way. The Dow Jones index fell 0.07%, which is the standard The 500 index fell 0.34%, and the Nasdaq index fell 1.03%. Yesterday, the price of gold was greatly adjusted, and the highest price today is $1910. The US economy is singing the tune of recovery. The economic data released last night showed an overall improvement. The yield of U.S. dollars and 10-year government bonds rose, and the price of gold jumped above the level of 1870 dollars, reaching a minimum of 1865 dollars yesterday, and finally rebounded to close at 1871 dollars, still falling by 37 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

2021-06-03

June 3 rd   Today's volatility range: The gold market is still at a high level. The Federal Reserve confirmed yesterday that it will sell the corporate bond portfolio it bought during the COVID-19 outbreak, and expects to complete all the sales by the end of the year. Although the Federal Reserve reiterated that this action has nothing to do with the current monetary policy, it is just revealing the timetable of the Federal Reserve. The market expects that before the Federal Reserve completes the sale of this batch of corporate bond portfolio, It will not withdraw from the market or raise interest rates, in other words, it will not be implemented at least until 2021. There are non-agricultural data in the United States today and tomorrow. It is expected that the figures will continue to be revised downwards. Can we use this data We should pay close attention to providing better admission opportunities. It is expected that today it will still be in a volatile pattern but the volatility will expand. Today, it is suggested that the volatility should be from 1896 to 1918. In 2018, a trade storm broke out between the motherland and the United States. The United States proposed to impose tariffs on Chinese goods. In July last year, due to the "National Security Law of the Port Area", the United States promulgated the abolition of Hong Kong's special tax zone status. It also requires that the goods exported from Hong Kong to the United States should not be labeled as "Made in Hong Kong" but replaced by "Made in China"; At that time, Secretary Qiu Tenghua made it clear that he would consider settling disputes through the World Trade Organization. He mentioned to reporters yesterday that he had submitted his first written statement to the WTO last Friday, and it is expected that the WTO expert group will review and decide within six months to nine months. But send a message to Director Qiu, don't be too optimistic about the results. Even if the WTO decides that Hong Kong will be successful, the WTO still has an appeal mechanism, and it is impossible for the United States to directly follow the WTO ruling. Moreover, the motherland has become stronger, and there is nothing wrong with using China as a signboard. Don't be too attached "Made in Hong Kong" brand, otherwise, other patriots will misunderstand that you look down on China, or say that you are politically incorrect, and then hit a black pig on the score sheet, wouldn't it be a ruin for your future? The Legislative Council of the Hong Kong Special Administrative Region passed the Revenue (Stamp Duty) Bill 2021 on the third reading, implementing the proposal put forward by the Chief Secretary for Finance and Treasury, Chen Maobo, in the earlier budget this year to increase the stamp duty on stocks to 0.13%. The adjustment will take effect on August 1 this year. After that, the transaction cost of Hong Kong stocks increased, and the Hang Seng Index fell by 0.58% yesterday as a response to the passage of the bill. The trend of global central banks to lock their throats is gradually increasing. As the epidemic situation in Europe began to slow down, and the speed and intensity of economic recovery were still unstable, the European Commission said that EU governments should start tightening policies only when conditions permit. Affected by financial liquidity news, the three major stock markets in European stock markets were built across the board, and the German DAX index rose by 0.20%; The CAC index in Paris, France rose by 0.50%; The FTSE 100 Index rose 0.41%. The Federal Reserve confirmed that it was planning to gradually sell an emergency loan arrangement launched in response to the COVID-19 outbreak last year, when it operated to improve market liquidity by purchasing corporate bond portfolios. The Federal Reserve said yesterday, The sale of the portfolio will be gradual and planned to be completed by the end of the year, so as to reduce the impact on the market operation. The Federal Reserve disclosed that it would provide more details before the sale, but reiterated that the reduction of portfolio has nothing to do with monetary policy. Nor is it any signal of monetary policy. The three major indexes of Wall Street stock market were created at the same time, with Dow Jones index rising 0.07%, Nasdaq index falling 0.14%, Nasdaq index rising 0.15%. The gold market is still at a high level, The lowest price was $1,894, but the yield of US dollar and 10-year treasury bonds fell. In addition, when the price of gold broke below $1,900, many people stepped into the market. The gold price bank rebounded to the highest price of $1,909 yesterday, and finally closed at $1,908 close to the high level. 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

2021-06-02

June 2 nd   Today's volatility range: The gold market is still at a high level. Yesterday, the US manufacturing data was ideal, the yield of US dollars and 10-year government bonds rebounded, the gold price fell under pressure, and finally closed at US$ 1900. To risk the psychological barrier of $1,900. There are US non-agricultural data on Thursday and Friday. It is expected that the figures will continue to be revised downwards. Can we use this data to provide better admission opportunities? It deserves our close attention. It is expected that today will still be a turbulent pattern, maintaining the suggested volatility from 1888 to 1912.     I have browsed a series of animal attacks on human beings on the Internet. One scene is particularly profound, that is, swans in the park feel threatened and constantly chase people passing by the park. Because of the inherent beautiful image of swan in fairy tales, it is quite shocking when watching videos, and it also greatly changes the image of swan; But lately I've been thinking, Can a goose with epilepsy be able to drive away a wolf who is gradually forced and gloomy? I don't know if anyone has uploaded or watched similar videos. Please share them to solve the author's doubts. In reality, human beings will have similar behaviors, and there is great potential to hurt people in order to defend their own interests or revenge; But of course, there are some people who are willing to sacrifice themselves and do good deeds! Take the election of the Chief Executive of Hong Kong as an example. Mr Leung Chun-ying, the former Chief Executive, retired in the last election and became the first Chief Executive of the Special Administrative Region in Hong Kong who could not stay in office successfully. It may be because of great love or because the country needs him to play a certain role. Recently, Mr. Liang kept mentioning his former subordinate, the current Chief Executive, Ms. Carrie Lam Cheng Yuet-ngor. A series of shortcomings in her administration are to expect her to have better achievements before the next election so as to enhance the trust of national leaders? ! Of course, the Chief Executive, Ms. Lin Zheng, has also received Mr. Liang's kindness and is doing her best. Recently, just to improve the epidemic situation, she can be regarded as scratching her head and twisting all the six wives. She can really quote a golden sentence from a local film. "For the" Valley Needle ",you can go to a few places! According to media reports, the SAR government is studying measures to deal with the next wave of epidemics. In the future, new measures will restrict people who have not been vaccinated against COVID-19 from entering restaurants Schools and other places, Chief Executive Carrie Lam Cheng Yuet-ngor said, "This is not to punish the public, so it is better not to use these measures. At present, the Hong Kong Government is really well-intentioned! The mainland manufacturing managers' index continued to improve, Hong Kong stocks benefited. The Hang Seng Index rose by 316 points or 1.08% yesterday. The transaction was positive and may hit the 30,000 mark in the short term. However, the central government is regulating the liquidity of banks and announced that it will raise the foreign exchange of financial institutions in mid-June The deposit reserve ratio is 2 percentage points, that is, the current deposit reserve ratio will be raised from 5% to 7% to prevent overheating of the economy and crack down on speculation. It is expected that Beishui will turn back at that time, although Hong Kong stocks will break The traditional curse of the Five Poor Months, but the Six Wonders are very likely to happen.   In Europe, Germany, the United Kingdom and the Eurozone also released manufacturing-related data, showing that many European countries, except the United Kingdom, are in the post-COVID-19 epidemic era, looking forward to the gradual recovery of European economy. The three major stock markets in European stock markets were built across the board, and the German DAX index rose by 0.96%; The CAC index in Paris, France rose by 0.66%; The FTSE 100 Index rose 0.86%. American manufacturing data is not behind Europe. The United States announced yesterday that the Institute of Supply Management's manufacturing purchasing managers' index exceeded 61 points last month, indicating that economic activities are strengthening and demand is increasing, traditional economic stocks are building well, and Wall Street stock markets are developing independently. Dow Jones index rose 0.14%, Nasdaq index fell 0.09% and Nasdaq index fell 0.07%. The gold market is still at a high level. Yesterday, the high and low volatility was 24 US dollars, and the highest price of gold rose to 1916 US dollars. However, the US manufacturing data is ideal, the yield of US dollar and 10-year national debt rebounded, and the price of gold fell under pressure. The lowest price was US$ 1,892, and the US$ 1,888, which was challenged many times last week, was supported. Finally, it closed at $1,900. Although it fell by $6, it still kept the psychological barrier of $1,900. 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2021-06-01

June 1 ST   Today's volatility range: Yesterday, the US holiday was closed, and the performance of the gold market in Europe and Asia was relatively flat, with a high and low volatility of only 9 US dollars. From the monthly chart, the gold price has risen for two months and the weekly chart has risen for four weeks, and the market outlook continues to be optimistic. Next target 1928/47. This week, there are non-agricultural data of the United States, and it is expected that the data will continue to be revised downwards. Whether we can use this data to provide better admission opportunities deserves our close attention. Maintain yesterday's suggested volatility at 1888-1912, stabilize above 1912 is expected to challenge the 1920 mark. Yesterday, the US holiday was closed, and the gold market was relatively flat in Europe and Asia. The high and low volatility was only US$ 9. The highest price of gold rose to US$ 1911, the lowest was US$ 1902, and closed at US$ 1906. Stay firmly above the psychological barrier of $1,900, and rise by $3. Because the market has recently focused on the whereabouts and impact of inflation, and today is an American holiday, there is little data and there is no need to take into account the market. Looking for an opportunity to talk about the topic of clearing accounts in the United States. Let's start with the last quantitative easing in the United States. In 2008, due to the problem of sub-borrowing bonds, the US investment bank with a history of more than 100 years -Lehman Brothers was forced to declare bankruptcy, which also directly hit the confidence of the global financial industry. The so-called "financial tsunami" broke out, and banks were the mother of all industries. The US Federal Reserve first launched the whole period A total of three rounds of quantitative easing program, so as to provide bank liquidity, and avoid shaking the foundation of banks. Shortly after the first round of quantitative easing, the central banks of Britain, Japan and the euro zone joined the banknote printing club one after another. The quantitative easing program in the United States started in September 2008 and ended in October 2014, and the whole process lasted for six years.   With the help of the liquidity provided by the central bank, the economies of various countries have really stimulated. Let's use the well-known American Dow Jones index to explain it. Shortly after the financial tsunami began, the Dow Jones index was In March 2009, the lowest point was 6470 points, which was close to 16,500 points at the end of the third round of quantitative easing, that is, when the market closed in April 2014, an increase of more than two times! And its rising trend can continue until before the global virus pandemic Close to 28,000 points. Inflation was driven by quantitative easing, so gold also rose. The initial stage of quantitative easing was about 800 US dollars per ounce, and it climbed to the previous historical high in September 2011 $1921 per ounce, an increase of more than twice, but it only took a shorter time to get this effect! But when it comes, it goes quickly. Because of the global economic recovery, gold is doomed to be incomparable with other venture capital products. Before the delisting of the United States, it fell first, and lived at $1,200-1,300 per ounce for a long time. To sum up, the new wave of Quankuan triggered by the COVID-19 epidemic has also been fermented, and the new york stock market and gold have peaked respectively. If the Fed has a hand shadow of delisting in the future, we can learn from the past, and you should probably have a concept of how to operate it. If you are interested in getting more information, please use the hyperlink below this website to join the group for inquiry. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-05-31

May 31(st)   Today's volatility range: Last Wednesday, the gold market hit the psychological barrier of $1,900 for three consecutive days, and then it was under selling pressure. However, it showed that $1,888 was supported, and the gold price trend was completely dominated by bulls. From the monthly chart, The price of gold has risen for two months, and the weekly chart has risen for four weeks. The market outlook continues to be optimistic. There are non-agricultural data in the United States this week. It is expected that the figures will continue to be revised downwards. Can we use this data to provide better admission opportunities? It deserves our close attention. Today, the proposed amplitude is 1888-1912. On Friday, the United States announced the core personal consumption expenditure index in April, which grew at an annual rate of 3.1%, a record high in the past 30 years, and was also slightly higher than the target figure of 2% or allowed by the Federal Reserve earlier There is a clear distance above. In contrast, the monthly rate of personal income in the United States last month, although the data was better than expected, it also regressed by 13.1%. Expenditure and income were positive and negative, making life more difficult. The American people fully understand the present situation of Hong Kong people. Why do incomes fall instead of rising while employment data in the United States are improving? It is estimated that the $1,400 stimulus check of Biden administration began to be sent out in March. Pushing up personal income in March. However, the focus of the market is whether inflation is out of control. If the answer is yes, it will force the Fed to tighten monetary policy faster than the budget, although they still verbally say that the current inflation is only temporary. I hope to downplay the pressure of the market, but it is obvious that the speech trend of these Fed officials is changing. Last month, Federal Reserve Chairman Powell claimed that it was too early to talk about "reducing debt buying"; But in the past two weeks alone, Clarida, vice chairman of the Federal Reserve, said that "the Federal Reserve may begin to discuss reducing the scale of debt purchase at the upcoming policy meeting". And Daley, chairman of the San Francisco Federal Reserve, hinted last Tuesday, "The Fed may start to discuss reducing the scale of bond purchase". Federal Reserve Governor Quarles then hinted on Wednesday that "he is open to reducing debt purchase negotiations". By Thursday, it was the turn of Quarles, the vice chairman of the Federal Reserve Board responsible for banking supervision According to the latest statement, "if the economy remains strong, it will become important for the authorities to discuss and adjust the pace of debt purchase in the coming months". These remarks undoubtedly contributed to the market's speculation that the Fed would reduce the scale of buying bonds in advance. The trend of global central banks to lock their throats is gradually increasing. Lee Zhulie, governor of the Bank of South Korea, said last Thursday that it was necessary to prepare for an orderly exit from the unprecedented loose monetary policy. Become the first central bank governor in Asia and make a hawkish statement. In fact, South Korea's export and investment have been strong in recent years, and the influence of black technology, home appliances and entertainment culture has become the engine of South Korea's domestic and export economic growth, so South Korea has the opportunity to take the lead in delisting early next year. Is also a normal inference. In the UK, members of the Monetary Policy Committee of the Bank of England said earlier that if the job market continues to recover, they may consider raising interest rates early next year. If you ask why the debt reduction plan that has been rumored in the market has reached 3% inflation Still not implemented? In fact, Fed officials are dumb enough to eat Huang Lian-they know that unlimited quantitative easing means extra money to stimulate the economy. From many aspects, the US stock market, property prices and consumer goods have all recovered. Even better than the level before the outbreak of the virus pandemic, only another indicator of the Fed's water collection, the job market, still lags behind other economic data, and Powell also pointed out that the US economic recovery is unbalanced, meaning some financial and high-tech The recovery is very fast, and those who have money to invest also get high returns from the economic recovery process, but they are still in dire straits for the low-income group. Powell once pointed out that the employment situation in the United States is now in a dilemma. He said that reopening the economy will bring about strong economic activities and create employment opportunities. The Federal Reserve's research report also shows that parents with low education level and office workers suffered a disproportionate blow during the economic recession caused by the COVID-19 outbreak. There have been millions of jobs with low academic qualifications that have disappeared from the United States forever! It can be seen that the Fed is in trouble! The employment market is also the key data this week, and the non-farm payrolls figures of the United States in May will be released this week, which will greatly affect the investment climate this week. You can pay close attention. The gold market began to hit the psychological barrier of $1,900 for three consecutive days last Wednesday, but it has generally fallen back to $1,888 and has been accepted. Last week, it rose to a maximum of $1,913, although last Friday due to core personal consumption, The expenditure index hit a 30-year high, and the price of gold dropped to 1882 US dollars, but then it was successfully above 1900 US dollars. Last Friday, it closed at 1903 US dollars, rising 22 US dollars per week and 7 US dollars per day. 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2021-05-28

May 28 th   Today's volatility range: Although the relative strength index of gold is still overbought and closed flat yesterday, it still maintains its earlier view and the market outlook continues to be optimistic, but the adjustment range is still insufficient. At least that fed still insist that inflation is temporary, However, there is still no pressure to raise interest rates in the short term. Maintain yesterday's suggested volatility at 1878-1906.     Let's talk about the epidemic situation of COVID-19 fatigue in three places across the Taiwan Straits. The Covid-19 epidemic in Hong Kong gradually eased. Yesterday, there was no confirmed diagnosis in Hong Kong. This is the second time since Typhoon Langka hit Hong Kong on October 14 last year. At that time, there was a great chance that the "zero diagnosis" was caused by typhoon, and the laboratory was closed early. I hope everyone can bear with it and do a good job of protection, so that they can celebrate after the epidemic situation in Hong Kong is truly cleared. Yesterday, the mainland announced 19 new locally confirmed cases of new crown pneumonia in the past day. The epidemic situation in Guangdong Province is heating up, and two cases are reported in Guangzhou and Shenzhen. However, with the governance efficiency and resources of the mainland, it should not be a problem to deal with the changes in the epidemic situation. Relatively speaking, Taiwan Province is even more worrying. Yesterday, there were 401 newly confirmed cases in Taiwan Province. With the epidemic warming up, the hospital wards were not enough for application. The biggest problem was that in the early stage of the virus pandemic in Taiwan Province, Decisive customs clearance can be said to be a global model. However, because it was stopped early, the Taipei government did not make any preparations for vaccines at all. Nowadays, in the period of tight demand for vaccines in the world, it may have to rely on vaccines developed locally.   Tencent was asked to set up financial holding, which means that Tencent's micro-communication payment business will be regulated like a bank in the future, and its advantages will disappear. The Hang Seng Index dropped by 0.18% yesterday. The Bank of South Korea decided on interest rates yesterday. The interest rate was maintained at 0.5%, but after the results of interest rate discussion were announced, Li Zhulie, governor of the central bank, said that it was necessary to prepare for an orderly exit from the unprecedented loose monetary policy. This is the first hawkish remark made by a central bank governor in Asia. In fact, South Korea's export and investment have been strong in recent years, and the influence of black technology, home appliances and entertainment culture has become the engine of South Korea's domestic and export economic growth. Therefore, it is normal to infer that South Korea has the opportunity to take the lead in delisting early next year. The trend of global central banks to lock their throats is gradually increasing. Members of the Monetary Policy Committee of British Union Bank said earlier that if the job market continues to recover, We can consider raising interest rates early next year. The three major indexes of European stock markets developed individually, and the DAX index in Frankfurt, Germany fell by 0.28%; CAC in Paris, France rose by 0.69%; Britain's FTSE 100 index fell by 0.10%.   In contrast, the Federal Reserve has been downplaying the runaway inflation recently, saying that it will not raise interest rates until the economy is on the right track and the job market is improved. However, from the interest rate record, More and more officials support starting to discuss reducing debt buying. Quarles, vice chairman of the Federal Reserve Board in charge of banking supervision, recently said that if the economy remains strong, it will become important for the authorities to discuss and adjust the pace of buying bonds in the next few months. However, we should pay attention to the employment situation and not stop buying debts too early. The number of people claiming unemployment benefits for the first time last week announced by the United States last night continued to decrease. The concept of economic recovery led to the rise of traditional economic shares and the selling of technology shares. The three major indexes of new york stock market went up and down, and the Dow Jones index rose by 0.40%; The Standard & Poor's 500 Index rose by 0.12%, while the Nasdaq Index fell slightly by 0.01%. Yesterday, the performance of gold market was relatively flat, with the highest value of $1,904 in the early stage. The lowest was $1,888, and the lowest was $1,888. The other two US data, including the US core consumer price index, issued the first quarter GDP of the United States, were worse than market expectations. After the data were released, The dollar fell slightly, and the gold price rebounded to close at $1,897. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-05-27

May 27 th   Today's volatility range: Although the relative strength index of gold was overbought recently, it finally retreated slightly yesterday, which failed to keep the psychological barrier of US$ 1,900 at the close of the market and lost its upward trend for nine consecutive days. But this is also expected, still optimistic about the trend of the market outlook. At least the Fed still insists that inflation is temporary and will not raise interest rates until the economy is on the right track and the job market improves. Although there has been discussion on reducing debt purchase recently, it is still not the time for implementation in the short term. Therefore, it is very possible that gold will rise with inflation. Yesterday, the gold market declined little. Today, the downward pressure is still there. Tonight, there are more data released in the United States, and the volatility may expand. Today, the suggested volatility is 1878-1906.     The Food and Health Bureau of Hong Kong announced yesterday that it would extend the existing social distance measures by two weeks until June 9. At the same time, the government also revealed that it is studying measures and implementation plans to restore normalcy in an orderly manner. Among them, the progress of vaccination is crucial, so we are also considering how to provide further incentives to encourage the public to vaccinate. When chief executive Carrie Lam Cheng Yuet-ngor was asked about the "incentives" considered by the government, When it comes to whether it includes cash or materials, her answer is honest, saying that cash and materials are inappropriate, and the following sentence is even better: "Besides, whatever the government does at this stage will only bring counter-effects". No matter whether she made an unintentional mistake or kept her heart shut, it was just right!   Hong Kong stocks rose for the second day in a row and regained 29,000 points. However, the net purchase of Hong Kong Stock Connect decreased significantly, only about one tenth of the net inflow of 7.8 billion yuan the day before yesterday, to over 800 million yuan. Hang Seng Index rose by 255 points or 0.88%. Apple recruited employees. According to its recruitment information, applicants are required to have working experience in cryptocurrency industry. The responsibility is to deal with the "alternative payment" partnership project in Apple system. Even though cryptocurrency was just a scam at the beginning, it has penetrated into all walks of life. Not only personal investment, but also professional fund companies and insurance companies have added cryptocurrency to their investment portfolios, and there are special cryptocurrency settlement credit cards. Even earlier, Tesla founder and CEO Musk said that it is acceptable for customers in the United States to pay for their trams in bitcoin, although the plan is dead. However, we can still see that cryptocurrency is too big to fail, and now Apple's implementation is also in line with market reality. However, there are still different voices in the market. What is the future of cryptocurrency? Let's talk again when we have the opportunity. Bitcoin once rose above $40,000 yesterday and closed at $38,900, up 1.33%.   The three major indexes of European stock markets developed individually, and the DAX index in Frankfurt, Germany fell by 0.12%; CAC in Paris, France rose by 0.02%; Britain's FTSE 100 index fell by 0.02%. Fed officials recently Continue to downplay the possibility of inflation out of control in the United States and ease the worry that the Fed has the opportunity to raise interest rates early. The Wall Street stock market rose across the board and the Dow Jones index rose by 0.03%; The Standard & Poor's 500 Index rose 0.19%, Nasdaq index rose 0.59%. US crude oil inventories of 1.66 million barrels last week were better than market expectations, boosting the US dollar to return to 90 points; In addition, the U.S. Treasury Department auctioned 61 billion U.S. dollars of five-year treasury bonds last night. The winning interest rate was 0.788% and the bid multiple was 2.49, which was more enthusiastic than last month, and caused price pressure on the 10-year treasury bonds. The yield of the 10-year treasury bonds in the United States rose to 1.58%.   When the gold market opened yesterday, it repeatedly fluctuated between 1900 and 1910 US dollars. The highest price of gold rose to 1913 US dollars yesterday. However, the crude oil inventory data raised the US dollar and the yield of US 10-year treasury bonds increased. Gold prices fell under pressure, with the lowest price reaching $1,891 and closing at $1,897, down $2, which not only failed to maintain the psychological barrier of 1900, but also lost its upward trend for nine consecutive days. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-05-26

May 26 th   Today's volatility range: Benefiting from the decline in the yield of US dollars and US 10-year treasury bonds, the gold price finally rose above US$ 1,900 before the US market closed yesterday. The gold market not only kept a record of rising for nine consecutive days, It closed at close to yesterday's high of $1,899, the highest closing price since January 8, fully demonstrating that bulls have dominated the future of the gold market. The news of peace in the Middle East was digested on Monday, However, the epidemic situation in Europe and America is slowing down, the global market recovery has just started, and the demand for bulk commodities is tight, so gold will also rise. Although gold is overbought in the relative strength index recently, There is an opportunity to adjust in the short term, but it is still bullish. The next target is 1928/47, and the stronger support is 1872/67. Today, the proposed amplitude is 1888-1906. There are large industrial and commercial property insurance companies in the latest global resilience index published yesterday. The top three best regions in the world are Denmark, Norway and Luxembourg in order. Hong Kong's ranking was surpassed by Singapore for the first time in the same survey. Singapore was ranked as the most resilient economy in Asia, and its global ranking rose by 10 to 12 th; On the contrary, Hong Kong's ranking dropped 7 places from the original 19th to 26th. According to the analysis of the company's report, Hong Kong's global ranking declined mainly because of the political tension, which increased political risks. In recent years, Hong Kong has once again lost to Singapore, a competitor with similar land area and scarce resources in different fields. The RMB reached a high level in the past three years, which contributed to the national team's efforts to support the market. Hong Kong Stock Connect recorded a net purchase amount of HK$ 7.8 billion, and the Hang Seng Index rose 498 points or 1.75%, which was the closing high in the past month. Yesterday, the Mainland Development and Reform Commission publicly announced the notice on the action plan for deepening the reform of the price mechanism during the 14 th Five-Year Plan period, which aims to strengthen the price control of people's livelihood commodities; And improve the rice, The minimum purchase price policy of wheat and other grains; Improve the cotton target price policy; Do a good job in dealing with price changes of bulk commodities such as iron ore, copper and so on. However, the global market has just started to recover, and the demand for bulk commodities is tight. Some global banks think that the bulk commodities have not yet risen, which means that the Chinese government has not seen many practical actions to regulate market prices for the time being. In fact, apart from the price subsidy law, There are not many things that can be created, so we can't use the policy of reducing supply to run counter to President Xi's "China's economic dream". Therefore, the policy will face great challenges.   The situation in the Middle East is slowing down. After two weeks of fighting between Israel and Palestine, a cease-fire agreement was finally reached under the mediation of the United States. Both sides abide by the agreement and no longer attack each other with artillery fire, but there are still sporadic conflicts on the border. When visiting Jerusalem yesterday, US Assistant Secretary of State blinken said that the United States will strive to expand economic opportunities for Palestinians in Gaza and the West Bank and solve the humanitarian situation in Gaza first. So as to solve the cycle of war and explosive force in Gaza. It is reported that Israeli Prime Minister Benjamin Netanyahu has agreed in principle to cooperate with the international community to improve the humanitarian situation in Gaza and the entire Palestinian economy. But he warned that if Hamas took the lead in breaking the ceasefire agreement, Israel would respond forcefully. The COVID-19 epidemic in Asia continues, and only over 200,000 new virus-infected people in India yesterday have fallen back; The Japanese epidemic is still out of control. Yesterday, 3.6 thousand more people were diagnosed with Covid-19, and many regions asked the central government to extend the emergency declaration. The Japanese government stressed that no epidemic will not affect the Tokyo Olympics; There were 281 local cases of new crown virus infection in Taiwan Province, Taiwan Province in a single day, and there were also cases in Taitung County yesterday. So far, all counties in Taiwan Province have been captured by the virus, and the Taipei government announced to extend the three-level alert until mid-June.   European Commission President Ursula von der Leyen said that vaccination has developed steadily in Europe. At present, 46% of EU adults have been vaccinated with at least one dose of COVID-19 vaccine, and the goal is to complete vaccination for 75% of EU adults by the end of July. The European Union plans to launch an electronic vaccine certificate on July 1, which will facilitate residents' exchanges between member countries and restore tourism. Europe accounts for about 50% of the total number of international tourists in the world, while the income from tourism accounts for 10% of the overall economy of the EU. It can be seen that it is important. The three major indexes of European stock markets developed individually, and the DAX index in Frankfurt, Germany rose by 0.17%; CAC in Paris, France fell 0.28%; Britain's FTSE 100 index fell 0.34%. Wall Street stock market went down, Last month's consumer confidence index and new home sales in the United States released yesterday were worse than market expectations. new york's three major indexes reported losses in an all-round way, and Dow Jones index and the Standard & Poor's 500 Index both fell by 0.25%. Nasdaq index rose 1.41%. The lowest price of gold in the Asian market was $1,873, but due to the unfavorable economic data of the United States, the US dollar index continued to fall yesterday, closing at 89.64 points, the yield of the US 10-year treasury bond It even fell to the level of 1.55%. The gold price finally rose above $1,900 before the US market closed yesterday, and closed at $1,899 close to yesterday's high, rising by $17, maintaining the upward trend for the ninth consecutive 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

2021-05-25

May 25 th   Today's volatility range: In the eighth consecutive trading day, the cryptocurrency market continued to fluctuate greatly and the US dollar continued to be weak, which benefited the gold market. However, the easing of the epidemic and the ceasefire agreement in the Middle East limited the performance of gold prices. This week, we can refer to the US housing sales, the core consumer price index and the US gross national product in the first quarter to assess the direction of the US dollar. The price of gold is at a high level, and the volatility begins to narrow to be changed. Yesterday, I finally kept the market rising, which is already accounted for. Today, the proposed amplitude is 1872-1884.   The situation in the Middle East is slowing down. After two weeks of fighting between Israel and Palestine, a cease-fire agreement was finally reached under the mediation of the United States. Both sides abide by the agreement and no longer attack each other with artillery fire, but there are still sporadic conflicts on the border. US Assistant Secretary of State blinken left for Israel yesterday. The first task of blinken's trip is of course to ensure that the ceasefire agreement between Israel and Palestine is maintained. Besides, according to the White House statement, Blinken's visit also hopes to rebuild the relationship between the United States and Palestine by providing assistance to the people of Gaza. India's COVID-19 epidemic continues, with more than 200,000 newly infected people every day. The cumulative number of infection cases is about 27 million, accounting for the second largest number of patients in the world, second only to the United States; However, after the outbreak of the new variant virus in India in February this year, Mumbai, which reflects the performance of the local stock market, is sensitive After a 10% downward adjustment, the 30 Index has stopped at the end of April and started to rebound. The Indian government also expects that the peak period has passed. With the support of other countries, it will at least not set a record of more than 800,000 people infected in a single day!   The new crown epidemic in many European countries has gradually eased, and the European economy has recovered. The European stock market has been built well, and the CAC index in Paris, France has risen by 0.35%; Britain's FTSE 100 Index rose 0.48%, while Germany's stock market was closed for holidays. Wall Street stock market also went up, and cruise stocks reflecting economic recovery performed strongly. In addition, technology stocks continued to rebound, leading the overall stock market atmosphere. The three major indexes in new york reported overall gains, and the Dow Jones index rose by 0.54%. The Standard & Poor's 500 Index rose 1.01%, and the Nasdaq Index rose 1.41%. The cryptocurrency market continues to fluctuate greatly. Since China announced the ban on cryptocurrency last week, Bitcoin has fluctuated by more than 10% every day. Tesla founder Musk made great efforts again yesterday, saying that he negotiated with Bitcoin miners in North America to promote renewable energy and cryptocurrency Big bounce. Bitcoin had approached the 40,000 mark and closed up 11% yesterday. Although the Fed showed the minutes of the Fed meeting in April last week, many officials mentioned that if the economy continues to grow rapidly, it will cause the general account to heat up, and they will discuss the reduction of debt purchase scale at "some time"; however The attitude of Fed officials failed to reverse the weakness of the US dollar, at least the invisible hand of the market just shows this point. The US dollar index continued to fall yesterday, closing at 89.84 points. The cryptocurrency market continued to fluctuate greatly and the US dollar continued to be weak. The gold price rose to the highest level of US$ 1,887 yesterday. However, the easing of the epidemic and the ceasefire agreement in the Middle East limited the performance of the gold price, with the lowest price of US$ 1,875. Finally, it closed at $1,882, rising by $1, maintaining its upward trend for the eighth consecutive 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