Gold market analysis

2021-04-26

April 26 th   Today's volatility range: European and American economic data have performed well, the dollar has strengthened and the debt yield has risen again, suppressing the performance of gold prices, and the epidemic situation in India has continued to deteriorate, while India and China traditionally use gold ornaments In the two largest consumer countries, the gold market is even weaker. It is expected that the volatility will narrow under the long and short competition today, and the short position will dominate. Today, the proposed amplitude is between 1768 and 1783.   A new variant of COVID-19 virus was found to have flowed into the community in Hong Kong for the first time. The Centre for Health Protection announced on Saturday that an Indian man arrived in Hong Kong from Dubai on the 19th of last month. After 21 days of isolation at the quarantine hotel, However, Covid-19 was diagnosed only after 8 days, and the new variant virus strain N501Y was detected before leaving Hong Kong. According to the data of the Centre for Health Protection, the virus load of this Indian patient was extremely high. That is, highly contagious. Hong Kong's foreign virus prevention and control system has failed again.   Covid-19 has been deteriorating continuously in India, and more than 300,000 new cases have been reported in a single day for the fourth consecutive day, and many patients are infected with new variant viruses. And the Indian government estimates that, The epidemic situation in the whole country may not peak until mid-May. Under the globalization, it is difficult for the international community to take care of itself. In the spirit of humanity, many western countries, including Britain, China, EU and US plan to provide assistance to India.   Geopolitics is becoming more tense. In addition to western countries' joint efforts to combat the pandemic of new varieties of viruses, the situation of resisting China has also become a global concern. As we all know, recovering Taiwan Province is Beijing's long-standing goal. However, whether it will involve force, many netizens in China expressed their support, which caused great international concern in the near future; President Xi Jinping attended the launching ceremony of three military ships on Hainan Island earlier. Attending such a high-profile event without avoiding suspicion at a sensitive time will inevitably lead people to believe that it is a demonstration of military strength. Australian Defense Minister Dutton said that although China is an important trading partner of Australia, In case of conflict arising from the Taiwan Province issue, the Australian military is always ready to deal with any threat to the country and even its allies and maintain regional stability. And Japan began to discuss once China and the United States There is a military conflict on the Taiwan Province issue, and according to Japanese defense regulations, once the US troops stationed in Japan are threatened, the Self-Defense Forces can provide logistical support to the US troops and their allies.   Last week, the gold market fluctuated quite a bit. Following the upward trend of the previous week, and the geopolitical tension that the yield of 10-year US bonds fell below 1.6%, the price of gold was once close to 1,800 US dollars. However, the economic data of Europe and the United States all performed well. The dollar strengthened and the bond yield rose again. The gold price rose to $1,798 twice and failed to return. There was a cross star in the 4-hour chart trend on Thursday. After that, it gradually declined. On Friday, the lowest price dropped to US$ 1,770 and rebounded to US$ 1,777, with a daily loss of US$ 7 and a slight increase of US$ 1 on a weekly basis. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-23

April 23 rd   Today's volatility range: Gold prices fell yesterday due to the rise of the US dollar. Yesterday's test rushed to the high of $1,798 made the day before yesterday and fell back without breaking. The trend of the 4-hour chart showed a cross star, and then gradually declined. Only when it fell to $1,777 did it rebound, just closing at the mid-axis of the rising volatility at the end of March. It is expected that today's long and short battles will be held. Today's proposed amplitude is between 1778 and 1793.   The employment situation in Hong Kong is still grim. Six months after the central government made concerted efforts to quell social incidents, the Census and Statistics Department released the latest unemployment data yesterday. The seasonally adjusted unemployment rate from January to March this year was 6.8%. Although it is 0.4 percentage points lower than the 7.2% from December last year to February this year, some trade union organizations said that it is still unknown when the epidemic will end, and the government has made it clear that it will no longer provide assistance for the epidemic. Worried that the employer might not be able to stand it, or asked the employees to tide over the difficulties with harsh conditions, saying that there had been a case of workers in catering industry asking for help, and the employer asked them to return to work, but they were paid a 60% discount!   While the epidemic situation in Europe is rebounding, the vaccination rates in major western European countries are constantly reaching new heights. France is the worst country in Europe, French Prime Minister Jean Castay said yesterday. The epidemic situation in France is improving. From the medical reports, it has been known that France has experienced the latest wave of COVID-19 epidemic, and the French government is planning steps to relax the blockade measures. But everything depends on the progress of vaccination in COVID-19. Let Castay add that it is optimistic that the government will lift domestic travel restrictions on May 3. Another positive news is about the meeting of the European Central Bank. It is reported that the hawks of the European Central Bank did not obstruct the temporary emergency anti-epidemic debt purchase plan at the meeting, and there was no water throat phenomenon in Europe for the time being. Two news stimulate venture capital, The three major European stock markets rose for the second time yesterday, and the DAX index in Frankfurt, Germany rose by 0.92%; The CAC index in Paris, France rose by 0.91%; The FTSE 100 Index closed up 0.61%.   The global epidemic continues to deteriorate, the United States tightens its travel warning again, and US President Biden plans to levy a wealth tax on people who earn millions of dollars a year, with a tax rate of over 43%, which means a hot move. Like the Hong Kong workers mentioned above, wealthy Americans have to pay a 60% discount. If the policy is implemented, it will be unfavorable for investment. US stocks turned in a single day, and the three major indexes of new york stock market fell by about 1%. Dow Jones index and Nasdaq index both fell 0.94%, while Standard & Poor's 500 fell 0.90%. Yesterday, the European Central Bank kept monetary policy unchanged. After the announcement of the interest rate, When European Central Bank President Lagarde met with the media, he said that the central bank had not discussed the issue of gradually withdrawing from the bond purchase program. Words make the euro fall. On the other hand, the number of initial jobless claims in the United States last week was better than expected. The dollar strengthened further, and the price of gold was under pressure. The lowest price dropped to $1,777 and the highest price reached $1,798 per ounce. It closed at $1,784 per ounce, down $10. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-22

April 22 nd   Today's volatility range: After the gold price tested the support level of $1,764, it gradually rose. After rising above $1,790 in one fell swoop yesterday, it was like no one's land, and it only softened until it reached the psychological barrier of $1,800. It can be seen that bulls are still dominant. On the trend, if you hold steady at $1,788, you will challenge the next stop at $1,805. However, it is expected that the psychological barrier of $1,800 is still relatively resistant, so the goal will not be achieved overnight, but it can be $1,800 Upstairs backhand sell, implement the strategy of low buy and high sell, and make full use of this golden opportunity. Today's proposed amplitude is between 1787 and 1802.   The leaders' climate summit hosted by the United States will be held later today. The general market estimates that Chinese President Xi Jinping and even Russian President Putin will take the opportunity to hold with the host leader Biden Bilateral dialogue. However, some American officials have already voiced their anger earlier, saying that they will not hold bilateral talks with other participants who have not arranged during the summit. This time, while the United States paid tribute to China and Russia, It also shows the strength of the strong, while the Chinese side is still hidden, and it is impossible; Russia responded hard and reiterated the recent escalation of tensions with Western countries due to US sanctions and the situation in Ukraine After ten American diplomats were expelled from the country, Russian President Vladimir Putin gave an early warning, and Russia will respond to any provocation by western countries with quick and violent actions. Geopolitical tensions have escalated, As the world's largest economic and military power, the United States respectively confronts the challenges of China and Russia, which are only inferior to the United States. International attention will be paid to whether the situation will lead to greater risks, or even get out of control.   While the epidemic situation in Europe is rebounding, the vaccination rates in major western and European countries are constantly reaching new heights. Fitch, a credit rating agency, published a post-epidemic assessment report in Europe. Italian enterprises can recover one year after the outbreak. In Europe, the epidemic situation in Italy is second only to France in West Asia, and others can be imagined. In fact, Yesterday, many European companies announced their ideal performance, which was good for the stock market performance. The three major European stock markets rebounded across the board yesterday, and the DAX index in Frankfurt, Germany rose by 0.44%; The CAC index in Paris, France rose by 0.74%; The FTSE 100 Index closed up 0.52%. The three major indexes of new york stock market ended two consecutive losses, and the trend was first low and then high. After the stock market opened lower, some investors took advantage of the low absorption. Coupled with the excellent performance of Wanuo Machinery in the last quarter, Dow Jones Index and Standard & Poor's 500 Index also rose by 0.91%, while Nasdaq Index rose by 1.16%.   The U.S. Treasury Department auctioned 24 billion U.S. dollars of 20-year treasury bonds last night, and the winning interest rate was 2.144%, which was 2.42 times that of this bid, reflecting that it was colder than last month's bid. Last month's bid multiple was 2.51 times. The auction result of the national debt immediately affected the yield of the 10-year national debt to fall, and the gold price took advantage of the trend to rise, reaching a maximum of $1,798 per ounce and closing at $1,794 per ounce. Up 15 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

2021-04-21

April 21 ST   Today's volatility range: Yesterday, the gold price tried to support the support level of $1,764, but then it rebounded strongly, showing that the upward momentum was unfinished. In terms of trend, the upside-down pattern of $1,764 can stand the test. Instead, it is the best opportunity to enter the market, and gold prices can still be optimistic in the short term. Today, the proposed amplitude is between 1770 and 1785.   Chief Executive Carrie Lam Cheng Yuet-ngor attended the Boao Forum for Asia in Hainan earlier. After the meeting, she told the media that after experiencing Sino-US trade disputes, social events and Covid-19's multiple blows, Despite the economic downturn in Hong Kong, she said that Hong Kong had passed the worst moment and estimated that Hong Kong would resume its growth in 2021, with an estimated growth rate of 3% to 5%. As soon as her voice passed, the MPFA confronted her. According to the latest figures of the MPFA, the number of cases of hedging severance payment and long service payment in the first three quarters of last year was as high as 52,000. The amount reached 4.59 billion yuan, a record high. According to statistics by classification, wholesale, retail and import and export trade have the largest amount of hedging funds, accounting for 18.8% of the total offset; The catering industry took the second place, accounting for 12.1% of the total offset. In the report, more than 700 employee accounts were hedged to zero; At the beginning of the establishment of the MPF, the Government said that it hoped that wage earners would retire There is a better guarantee. In reality, the labor's efforts seem to be "drawing water from a bamboo basket-nothing works".   The geopolitical tension in Europe escalated. The Ukrainian Foreign Minister said that Russian President Vladimir Putin made a misleading statement to Ukraine last Wednesday and criticized the Russian army for its border direction Ukrainian soldiers made a provocation, saying that only severe economic sanctions can stop Russia, and that German Chancellor Angela Merkel and French President Macron agreed that Russia's behavior must be stopped. The three major European stock markets fell more than 1% across the board yesterday, and the DAX index in Frankfurt, Germany fell 1.50%; The CAC index in Paris, France fell 2.09%; The FTSE 100 index closed down 2.03%. Worried that the global Covid-19 epidemic is deteriorating again, and the VIX index, which reflects investors' panic, has risen by 8%, which has caused investors to make profits and leave the market. The three major indexes in new york have fallen for two consecutive days. Dow Jones index fell 0.75%, Standard & Poor's 500 index fell 0.72%, Nasdaq index fell 0.92%. Yesterday, the gold price tried the support level of $1,764, but the dollar was weak. The US dollar index once fell below 91 points, and then the gold price rebounded vigorously, reaching a peak of 1780 US dollars per ounce, closing at 1779 US dollars per ounce, up 8 US 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

2021-04-20

April 20 th   Today's volatility range: The yield of US Treasury bonds rose, which was the reason for the decline of gold. On the trend of gold price alone, the price of gold rushed back after trying the $1,790 mark yesterday, and the lowest price of gold was $1,767 per ounce. Although the decline is rapid, it still stands at the support level of US$ 1,764. This decline can be adjusted as the next rise. Today, the proposed amplitude is between 1764 and 1782.   Chief Executive Carrie Lam Cheng Yuet-ngor attended the Boao Forum for Asia in Hainan. After the meeting, she told the media that after experiencing Sino-US trade disputes, social events and Covid-19's multiple blows, Hong Kong will inevitably experience an economic downturn, but she added that Hong Kong has passed the worst, and she estimated that Hong Kong will resume its growth in 2021, with a budget of about 3% to 5%. Yesterday, the Hang Seng Index returned to the level of 29,000 points and closed at 29,106 points, up 0.47%. Geopolitical tensions in Europe, Russia said yesterday, It is clear that the United States is behind the Czech expulsion of Russian diplomats, and it is strongly stated that Russia will continue to respond in the same way to any provocation and any further sanctions imposed. The three major European stock markets only got France to keep rising yesterday, and the CAC index in Paris, France rose by 0.15%; The German stock market closed down after hitting a new high, and the DAX index in Frankfurt, Germany fell 0.59%; The FTSE 100 Index closed down 0.28%.   Yesterday's news reported that Tesla Motors was suspected to have lost control and crashed into a tree under the condition of "unmanned driving", and burned down on fire, which even led to death. Tesla shares plunged more than 5% at the beginning of the market opening. Other technology stocks were also dragged down, which drove the overall Wall Street stock market down. The Dow Jones index fell 0.35% to close, and the Standard & Poor's 500 index broke its cable after several rises and seven, down 0.51%. Nasdaq index fell 0.98%. The price of U.S treasury bonds fell, the yield of 10-year treasury bonds returned to 1.6%, and the price of gold rushed back after trying the $1,790 mark yesterday. The lowest price of gold was $1,767 per ounce, and it closed at $1,771 per ounce, down $5. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-19

April 19 th   Today's volatility range: Geopolitical tensions continued to heat up the market risk aversion. The price of gold successfully rose above the resistance of $1,764 yesterday and closed above this position on Friday, showing a top-bottom reversal trend. This rise has broken through the consolidation area that has been rampant for more than a month. Those who hold good positions initially should still not be satisfied. In addition, geopolitical conflicts cannot be solved in a day or two. Under the combination of the two, Gold price remains optimistic in the short term. Today, the proposed amplitude is between 1772 and 1790.   Last week, the economic data released by the United States were ideal, from the job market to the inflation rate in the United States and the purchasing managers' index of manufacturing industry, so that the housing sales volume showed that the American economy was gradually improving. The United States is the leader of the global economy. People often say, "America sneezes, and the whole world has a bad cold. The U.S. economy is improving, which drives the stock market to rise. The three major indexes of Wall Street stock market are the first to reflect it. Both the Dow and the Standard Index hit a record high for both the market and the market, with the Dow Jones index rising 0. 48%, the Standard & Poor's 500 Index rising several times for seven days and rising 0.36% again on Friday. Nasdaq index also rose 0.1%, approaching the historical high again. The three major European stock markets also rose across the board on Friday. The DAX index in Frankfurt, Germany rose by 1.34%, and the CAC index in Paris, France rose by 0.85%; The FTSE 100 Index in the UK rose by 0.52%   In retaliation for Russia's alleged interference in last year's US election, the United States announced on Thursday that it would impose a series of sanctions on Russia, and listing a number of entities and individuals as black is a reciprocal measure against the US. To respond to the unreasonable sanctions imposed by the United States earlier. From the attitude of the Russian side, that is, you do the first day, I do the fifteenth, whether to upgrade the interaction again, really God knows! International concern for these two super military powers, In diplomacy, the Czech Republic said that in 2014, 18 Russian embassy personnel were expelled from the country on the grounds that Russian intelligence personnel were suspected of participating in the explosion of the Czech arsenal. Russia recently accused a consul of the Consulate General of Ukraine in St. Petersburg of engaging in activities inconsistent with his status, damaging Russia's security interests and ordering expulsion; China and the United States began to engage in evil from the trade war. Recently, the leaders of the United States and Japan issued a joint statement, expressing concern about Taiwan Province, Hong Kong, Xinjiang and the South China Sea, which further aroused China's dissatisfaction. Global geopolitical tensions seem to be back in the 1970s.   The price of US Treasury bonds rebounded, the yield of 10-year Treasury bonds fell below 1.6%, and the geopolitical tension caused the market risk aversion to heat up. Gold rose above the $1,764 mark last week, and reached a two-month high of $1,784 on Friday. The lowest price of gold reached $1,724 per ounce, closing at $1,776 per ounce. It rose by $12 per day and $34 per week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-16

April 16 th   Today's volatility range: The United States sanctioned Russia, and geopolitical tensions warmed up the market risk aversion, overshadowing a series of favorable economic factors yesterday. The gold price successfully rose through the April 9 challenge yesterday The $1,764 mark, but the market closed just at that position, which is a crucial moment for the test and the reversal of my top and bottom. Geopolitical conflicts cannot be easily solved in a day or two. How Russia responds is another key. In the case of political chaos, the gold price is optimistic in the short term. Today's proposed amplitude is between 1758 and 1773.   A few days ago, the government issued the conditions for the reopening of bars. The basic conditions are that all employees and customers of the playing bars have been vaccinated with the first dose of COVID-19 vaccine, and people who patronize bars must use it The "Travel with Peace of Mind" program is recorded. If the bar industry accepts these business terms, it can be reopened as soon as next Tuesday. Yesterday, representatives of the bar industry strongly opposed the harsh conditions for resuming business. Moreover, the restrictions on receiving customers are difficult to implement, and bars are difficult to survive. It is expected that the industry will close down on a large scale within two months, and the unemployment rate is bound to rise. The Hong Kong Government has reopened restaurants, bars and other industries and increased business conditions to tie up employees and customers for vaccination, which has directly led to tension between employers and employees! Following the news that a chain restaurant group asked all restaurant employees to take the first shot within this month, otherwise they would be suspended from work, resulting in a dilemma of choosing between taking injections and losing their jobs. Many wage earners in the market have mentioned the construction industry safety propaganda statement made by the government many years ago: "It's better to eat than to fight for your life. 」 I can imagine how much people trust the vaccine obtained by the Chief Executive begging the Central Authorities!   Last night, the economic data released by the United States was ideal. Last week, the number of people claiming unemployment benefits for the first time in the United States fell to a new low of 567,000 after the outbreak of the epidemic. The Philadelphia Federation's manufacturing index also reached 50.2 points last month, both of which were better than market expectations. The data benefited the stock market and the three major indexes of US stocks rose across the board. For the first time, the Dow Jones index rose above the 34000 mark, closing up 0.90%, the Standard & Poor's 500 index rose 1.11%, and the Nasdaq index also rose to an all-time high, up 1.31%. The three major European stock markets also reported full success. The DAX index in Frankfurt, Germany rose by 0.36%, and the CAC index in Paris, France rose by 0.41%; The FTSE 100 Index rose 0.67% In retaliation for Russia's alleged interference in last year's US election, the United States announced last night that it would impose a series of sanctions on Russia, blacklisting many entities and individuals. Many Russian diplomats were expelled from the country and financial sanctions will be imposed. The price of U.S treasury bonds rebounded, and the yield of the benchmark 10-year treasury bonds fell below 1.6%. After the news of sanctions, the price of gold rose sharply, with the highest price of $1,769 per ounce, and the lowest price of gold reached $1,734 per ounce, closing at $1,764 per ounce, up $28. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-15

April 15 th   Today's volatility range: The yield of US Treasury bonds rose slightly yesterday, which has become the biggest factor affecting the price of gold without other important data. The trend of gold prices is still consolidating for a long time Running in the $1720 and $1746 boxes, it is expected to still fluctuate today, and it can still continue to buy low and sell high in Asian time. Today's proposed amplitude is between 1731 and 1746.   In view of the new confirmed cases imported from Egypt, Pakistan and India in Hong Kong. Yesterday, the government began to implement the tightened restrictions on passenger airliners arriving in Hong Kong. The newly added regional flight restriction measures will also take effect at the same time, in order to cope with the import of variant virus strains from high-risk areas. Measures include limiting a total of seven days There are five or more passengers who have been confirmed by arrival testing. No matter any airline, if there are five passengers in seven days, the government will ban all those who come to Hong Kong from the region Civil airliners will land in Hong Kong for 14 days, and at the same time, the relevant areas will be classified as extremely high-risk areas, and people who have stayed in the area for more than two hours will be prohibited. Boarding any passenger airliner coming to Hong Kong for a period of 14 days, so as to avoid people from relevant regions from arriving in Hong Kong via transit.   In fact, in the past two days, the global COVID-19 epidemic has rebounded again, and India added about 200,000 cases yesterday, which is not surprising. The Government is taking the right steps against overseas travellers. In order to save the tourism industry, the EU reached a consensus on the draft legal provisions of the "vaccine passport". The article mentions that the certificate will prove that the holder has been vaccinated against COVID-19. Those who test negative for virus or who are immune to virus after recent recovery can travel freely between EU countries without quarantine. The draft also encourages governments to recognize all COVID-19 vaccines approved by WHO for emergency use and health certificates issued by non-EU countries. So as to resume foreign tourism to and from the EU. The three major European stock markets developed individually. The DAX index in Frankfurt, Germany fell by 0.17%, and the CAC index in Paris, France fell by 0.40%; The FTSE 100 Index rose 0.71%.   Federal Reserve Chairman Powell made a big speech yesterday, saying that most Fed officials thought that they would not raise interest rates before 2024, but his follow-up was remarkable. He said that although the possibility of raising interest rates before the end of 2022 is very small, it should actually be based on the results rather than the bitmap, and the reduction of quantitative easing policy Probably ahead of the rate hike. He hinted that he would not kill the possibility of cutting quantitative easing early. The three major indexes of US stocks also developed individually, with the Dow Jones index rising 0.16%. The Standard & Poor's 500 Index fell 0.41%, and the Nasdaq Index fell 0.99%. The yield of US Treasury bonds rose slightly yesterday, forcing the price of gold to fall, with the highest price of gold hitting $1,749 per ounce. The lowest price of gold was $1,732 per ounce, and it closed at $1,736 per ounce, 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

2021-04-14

April 14 th   Today's volatility range: Under the strong demand for US 30-year government bonds, the yield of 10-year government bonds fell by more than 2.5% yesterday, stimulating the price of gold to rise by 1,749 US dollars and closing back to the box that has been consolidating for a long time The medium high is $1,746, which is expected to remain volatile today. Today's proposed amplitude is between 1734 and 1755.   China's General Administration of Customs announced the total import and export volume in the first quarter yesterday, with a figure increase of nearly 30%. A spokesman for the General Administration of Customs of China said that although the global epidemic continues to repeat, China's foreign trade The quality has been continuously improved, and the import and export with major trading partners maintained growth in the first quarter, among which the import and export of ASEAN and EU increased by 26% and 36% respectively in the first quarter, while those of the United States and Japan increased by 61% and 20% respectively. It is worth mentioning the influence of RMB exchange rate. According to the authorities' data, if imports increase by 28% in US dollars, exports will increase by 49%. However, if they are denominated in RMB, Import and export only increased by 20% and 38% respectively; It shows that the weak RMB exchange rate still maintains China's advantage in global trade, but it has been getting closer recently. The U.S. Treasury Department will complete the semi-annual exchange rate policy report on Thursday. It is reported that U.S. Treasury Secretary Yellen will not list China as a currency manipulator.   The US fiscal deficit reached a record high of US$ 660 billion in March, which was higher than the market expectation of US$ 658 billion, mainly because the US government distributed a total of US$ 339 billion to the whole people during the period. European and American stock markets generally rebounded. The DAX index in Frankfurt, Germany rose by 0.18%, and the CAC index in Paris, France rose by 0.36%; The FTSE 100 Index rose 0.03%. The three major indexes of U.S. stocks developed individually. Dow Jones index fell 0.2%, Standard & Poor's 500 index rose 0.33%, Nasdaq index rose 1.050%. The U.S. Treasury Department auctioned 24 billion U.S. dollars of 30-year treasury bonds last night, which showed strong demand for long-term debt. The bid multiple of the direct bidder is 2.47 times, which is higher than the bid multiple of 2.28 last month, and the winning interest rate is 2.32%. After the announcement of the auction results, the price of ten-year US Treasury bonds was stimulated to go up. The yield of 10-year treasury bonds was adjusted back to 1.62% at most, with a drop of more than 2.6%, which benefited the gold price, with the highest price of USD 1,749 per ounce, and the lowest price of gold yesterday was USD 1,724 per ounce. It closed at $17462 per ounce, up $11. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-13

April 13 th   Today's volatility range: The yield of US Treasury bonds rose slightly yesterday, which has become the biggest factor affecting the price of gold without other important data. Gold prices have returned to the box that has been checked and consolidated for a long time, Without more important news, the upward and downward pressure and support of USD 1,720 and USD 1,746 will be tested again, and it is expected to still fluctuate today. Today, the proposed amplitude is between 1724 and 1740.   The progress of vaccination program in Hong Kong is far from satisfactory. According to the first dose of vaccination, as of last night, there were just over 500,000 people, and the vaccination rate was about 7.5%. In order to stimulate the vaccination rate, the government plans to stop providing free testing services and take vaccination as the primary epidemic prevention measure. Chief Executive Carrie Lam Cheng Yuet-ngor said, The consideration is not for saving money, but for a long time in the past, the government has provided free testing for all trades and the public. Since vaccination can replace regular virus testing and relax social activities, the new plan is to encourage the public to replace regular virus testing with vaccination.   It is a good thing for the government to provide incentives to persuade the public to vaccinate, but the adverse reactions and even death after vaccination may be another reason for the public to resist; An example is the sudden death of a DSD staff member who was vaccinated against Kexing last month. The government has the responsibility to help the public remove psychological threats. Include more transparent and proactive disclosure of accident cases, so as to avoid the public's perception that the government is hiding something. The progress of vaccination program is not only the key to protecting life and health, It has become a thermometer for quantitative easing in the United States. Brad of the Federal Reserve said that it is still too early to consider reducing the scale of bond purchase, but the Federal Reserve has drawn up a road map to shrink quantitative easing. Brad also said that the successful vaccination of 75% of Americans will signal that the new coronary crisis is coming to an end, which is also a necessary condition for the Fed to consider debt reduction plans. According to the statistics of the American epidemic response team, 120 million Americans have been vaccinated with new coronary vaccines; Forty-six percent of American adults have been vaccinated with the first dose of the new coronary vaccine. 28% of American adults have completed vaccination. By next week, all adults in America will be eligible for vaccination. If the population of the United States is 330 million and the progress is steady, At the end of this year, there is a chance to achieve the expected vaccination rate in Brad's mouth.   The global stock market is weak, and the three major European stock markets are soft. The DAX index in Frankfurt, Germany fell 0.03%, and the CAC index in Paris, France fell 0.13%; Britain's FTSE 100 index fell 0.37%. All three major indexes of U.S. stocks also fell, with Dow Jones index falling 0.16% and Standard & Poor's 500 index falling 0.01%. Nasdaq index fell 0.36%. The yield of US Treasury bonds rose slightly yesterday, which has become the biggest factor affecting the price of gold without other important data. The highest price of gold was $1,745 per ounce, and the lowest price was $1,727 per ounce, closing at $1,732 per ounce, down $11. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-12

April 12 th   Today's volatility range: The trend of gold price failed to break through $1,760 last Thursday, which really re-tested the support level of $1,746 above the box which had been consolidating for a long time, and closed at $1,743 below it last Friday. Has returned to the box, there is no important data this week, and the price of gold will fluctuate between 1720 and 1740. Today, the proposed amplitude is between 1735 and 1748.   After Ant Financial was suspended from listing, Alibaba, Ma Yun's network giant, was punished by the state again. Alibaba, once a mainland technology giant proud of the Chinese government, It achieved unprecedented success by innovating its business model in China, went abroad, and finally listed on NASDAQ in the United States, which is a successful model for mainland science enterprises. Last week, China's State Administration of Market Supervision completed an anti-monopoly investigation against Alibaba Group, ruling that it was a monopolistic behavior to require merchants to "choose one from the other" for e-commerce platforms. The fine exceeded RMB 18.2 billion, accounting for about 3.8% of its group's profit in 2020. This is the largest anti-monopoly fine ever imposed on the mainland. Alibaba issued a notice to customers and the public. Show sincere acceptance and resolute obedience to punishment. Alibaba's share price has fallen by more than 40% since Ant Financial was stopped until last Friday. It seems that Ma Yun is less seen The abbot manages the efficiency of the airplane in the way of managing trains! International concern about Sino-US relations, the US missile destroyer "Mastin" was near the Philippine Sea on the 4th of this month. Walking side by side with the Chinese aircraft carrier "Liaoning Ship", it is reported that the two sides are so close that they can clearly see the ship number of the other aircraft carrier and the carrier-based aircraft on the deck. I hope both sides can exercise restraint, Don't have the mentality that the brave wins when you meet in a narrow way. If you brush your gun, you will hate your mistakes. With the decline of epidemic situation and the implementation of vaccination program, More economic data showed signs of recovery in developing countries, which was fully reflected in European and American stock markets last week. The three major European stock markets rose across the board in a week. The DAX index in Frankfurt, Germany has reached a new high, rising 1.21%, and the CAC in Paris, France rose 1.46%; Britain's FTSE 100 Index rose by 3.08%. All three major indexes of US stocks also reported inflation. Dow Jones Index and Standard & Poor's 500 Index both hit new highs in the income market, up 1.67% and 2.27% respectively; Nasdaq index rose 2.25%.   Last Thursday, the United States announced that the number of people applying for unemployment benefits for the first time unexpectedly rose, which caused the yield of US Treasury bonds to fall back to a two-week low. Gold benefited significantly in the market price. However, the market noticed that the Federal Reserve Board was raising interest rates, and the trend failed to break through the resistance of 1760, which re-tested the support level of 1746 above the box that had been consolidating for a long time. Last Friday, the highest price of gold was $1,757 per ounce, and the lowest price was $1,731 per ounce. It closed at $1,743 per ounce and fell by $12 every day. It rose by $13 per week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-09

April 9 th   Today's volatility range: Yesterday, the United States announced that the number of initial jobless claims unexpectedly rose, which caused the yield of US Treasury bonds to fall back to a two-week low. However, it should be noted that the Federal Reserve is raising interest rates. The US dollar may strengthen as a result, so you can refer to the trend of the US dollar index and go against it. The price of gold failed to break through 1760 yesterday, which will re-test the box that has been consolidating for a long time The upper 1746 support bits. Today's proposed amplitude is between 1746 and 1758.   With the development of the epidemic and the launching of vaccination programs, more countries intend to introduce "vaccine passports", so that people who have been vaccinated against COVID-19 can be exempted from quarantine. However, there is no uniform standard in the world to certify which vaccines are acceptable. Some Members are worried that the existing Fubitai vaccine and the vaccine developed by Internal Medicine in Hong Kong, It was not recognized by both mainland and foreign countries, and urged the government to solve the relevant problems. However, the Hong Kong Government responded that the approval of vaccines was beyond its control, but stressed that it would strive for it. It is not easy for Hong Kong people to travel abroad, and they still have to be quarantined for 21 days when they return to Hong Kong., Yesterday, the Hong Kong Government even revealed that it would launch a scheme called "Easy to Come to Hong Kong" to exempt mainlanders from quarantine inspection. As we all know, the epidemic situation in the Mainland has rebounded recently, and there have been cases in many big cities. In view of the low vaccination rate in COVID-19, the quarantine restrictions between China and Hong Kong have been relaxed. Will the epidemic be detonated again? Last year, Carrie Lam Cheng Yuet-ngor, the chief executive of Hong Kong, insisted on not sealing customs clearance, and she may have forgotten the consequences again! The epidemic situation in France dropped sharply, and the number of new cases decreased by 27,000 to 31,000 yesterday. In addition, the UK announced yesterday that the purchasing managers' index of the construction industry was bright last month. Compared with February, the new data increased by 15.7% to 61.7 points and greatly exceeded the market forecast of 54.6 points. Ideal data stimulated the stock market to rise, and the three major European stock markets rose across the board. The DAX index in Frankfurt, Germany rose by 0.25%, and the CAC in Paris, France rose by 0.57%; Britain's FTSE 100 Index rose by 0.86%. The United States announced the number of initial jobless claims yesterday, The number of applicants unexpectedly rose to 744,000, which was worse than expected. After the data was released, the yield of US Treasury bonds fell back to a two-week low, close to 1.62%. In addition, Federal Reserve Chairman Powell reiterated that it is necessary to continue to implement the quantitative easing policy, and explained that the United States has an imbalance in recovery, and the service industry and low-income people are Failure to share the recovery results, the Fed will have policies to take care of them, and the market welcomes their remarks. The three major indexes of US stocks all closed up and the Dow Jones index rose by 0.17%; The income-generating city of the Standard & Poor's 500 Index rose by 0.42%; Nasdaq got rid of its downtrend and rose 1.03% yesterday. The United States announced yesterday that the number of initial jobless claims unexpectedly rebounded As a result, the yield of U.S. Treasury bonds dropped to a two-week low, and the price of gold benefited significantly. The lowest price of gold yesterday was $1,739 per ounce, and the highest price was $1,759 per ounce, closing at $1,755 per ounce, up $19. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-08

April 8 th   Today's volatility range: The minutes of the Federal Reserve meeting in March reflected that Fed officials had no intention to intervene in the yield of treasury bonds for the time being, and the activity of federal funds interest rate futures kept heating up, thus putting pressure on the price of gold. But the trend is still going. Today, the proposed amplitude is between 1732 and 1752.   Another citizen enters the wrong door and gets the wrong needle. Yesterday, the government announced that three citizens went to the wrong vaccination center last month and were given an unscheduled vaccine. It is true that people made mistakes first when they went to the wrong place, but the staff of the vaccination center did not review the information of vaccinators according to the procedures, and they could not escape the responsibility. Because the government responded that it made an online appointment to select vaccines, distributed vaccination instructions to vaccination centers, and sought the consent of vaccinators, The name of the vaccine is clearly mentioned in every link, which should not happen under this design. Although the government has apologized to these people, However, such a hasty way of doing things is simply disregard for human life. This time, there is no human life involved, and it is just good luck. Vaccination plan is the key to mass immunization, The side effects of vaccination have deterred the public, and the hasty way of doing things now makes people even more afraid. When will the vaccination target of half an adult population in Hong Kong be achieved? I hope the government can do its best to improve it.   According to the European Medicines Agency, AstraZeneca vaccine in Britain may be related to thrombosis. Experts believe that the occurrence of thrombosis and thrombocytopenia is very Rare side effects, but still think that the benefits outweigh the risks. Therefore, it is recommended that all age groups continue to receive this vaccine, and the authorities will continue to monitor the situation. The UK announced last month's comprehensive purchasing manager index and purchasing manager index yesterday, both of which were slightly worse than expected, causing the pound to fall, and the pound exchange rate attracted counter-achievements Britain became the only stock market in Europe, with the FTSE 100 index rising 0.91%, DAX index in Frankfurt, Germany falling 0.24% and CAC in Paris, France falling 0.01%.   Yesterday, the minutes of the Federal Reserve meeting in March were released. Members agreed that the increase in the yield of government bonds reflected the improvement of the economic situation, while the current inflation in the United States was temporary. There is no intention to shrink the asset liability statement, that is, to continue to implement the loose monetary policy. Driven by the news and the better-than-expected crude oil inventory data of the United States last week, traditional economic stocks are sought after. The three major indexes of US stocks closed for individual development, and the Dow Jones index rose by 0.05%; The income-generating city of the Standard & Poor's 500 Index rose by 0.15%; The Nasdaq index fell for two consecutive days, It fell by 0.07% yesterday. In March, the Fed meeting discipline reflected that Fed officials had no intention of intervening in the yield of government bonds. After the minutes of the Fed meeting were announced, the federal funds rate futures As the activity keeps heating up, the price of gold is under pressure. Yesterday, the lowest price of gold was $1,730 per ounce, and the highest price was $1,743 per ounce, closing at $1,736 per ounce. 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  

2021-04-07

April 7 th Today's volatility range: The US dollar exchange rate and the yield of US Treasury bonds have dropped, and the price of gold has the opportunity to rise again. Today, it is suggested that the amplitude should be operated between 1738 and 1752, which is still a trend of fluctuation.   The long Easter holiday ended yesterday, and the public also seized the last chance to go out and enjoy the holiday, which made the alarm sound for epidemic prevention. Crowds appeared in many popular places yesterday. Some restaurants even exceed the upper limit of 50% of the quorum. Government experts and consultants have indicated that cases of unknown origin will occur every other day or two in Hong Kong recently. It reflects that the community still has invisible transmission chain, which is not completely safe. Another Covid-19 patient visited the Lei Yue Mun Market in Yau Tong. At present, a total of three confirmed patients have been to the market, and the CHP is worried about the invisible transmission chain, so the market is included in the compulsory inspection scope. Vaccination plan is the key, but five people in Hong Kong were not admitted to hospital after being vaccinated with Fubitai yesterday, and two of them were hospitalized for observation. But experts say injections still have more advantages than disadvantages. Encourage citizens to get vaccinated. US President Biden said that the goal of vaccinating 200 million doses of novel coronavirus vaccine in his first 100 days in office is progressing as planned, and pointed out that at the end of last month, More than 80% of teachers and school employees in China have been vaccinated at least once. Biden stressed that the war against the epidemic is not over, and now is not the time to celebrate. The country is still facing a life-and-death competition, and there is a lot of work to be done. It also means that the spread of variant viruses is fast, and the number of confirmed cases in a single day is increasing. He announced that no later than the 19th of this month, All people aged 18 or above are eligible for vaccination.   After the holiday, the European stock markets resumed trading, with the UK stock market rising the most, with the FTSE 100 index in the UK rising 1.28% and the DAX index in Frankfurt, Germany rising 0.7%. CAC in Paris, France rose by 0.47%. Wall Street stock market closed lower, in which the S&P 500 Index and NASDAQ Index ended their three-day uptrend, and the Dow Jones Index stopped its two-day uptrend. The Standard & Poor's 500 Index fell 0.1%; Dow Jones index fell 0.29%, Nasdaq index fell 0.05%. The US dollar exchange rate and the yield of US Treasury bonds declined, Enhance the attractiveness of investing in gold and support the rise of gold price. Yesterday, the price of gold dropped to a minimum of $1,735 per ounce and a maximum of $1,746 per ounce. It closed at $1,743 per ounce, up $13. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-06

Today's volatility range: The trend of gold price has broken away from the downward pressure line and rose through the bottom of the horizontal line. Yesterday, the recent high of 1733 was tested, and the US dollar index was weak, which was beneficial to the gold market outlook. Temporary next resistance is at 1753. Today, the proposed amplitude is between 1726 and 1745, which is mainly biased. Breaking the resistance level of 1745 can increase one line to 1753.   The amount of Sino-US wrestling in the global foreign exchange reserve currency has been revealed. According to the data of the fourth quarter of last year of the International Monetary Fund, The proportion of US dollar in global foreign exchange reserves has dropped to about 59%, the lowest level in 25 years. In the same period, the proportion of RMB rose from 2.1% to nearly 2.3%. Although RMB is still a minority in international foreign exchange reserves at present, with China's more open and active promotion, it has established relations with more countries and enhanced its reputation. The influence of RMB in the future international will be strengthened day by day. At the same time, according to Bloomberg Barclays Index, China's sovereign bonds rose by 1% in the first quarter, which is the only market in the world's 20 largest debt markets. However, Japan, which ranks second, has fallen slightly. It is important to know that the price of sovereign bonds affects the yield of its national debt. Today, with the flood of funds, the return rate of sovereign bond investment outperforms the yield rate. It's not easy. China and Japan can run out this time, and their backgrounds are similar. The tentative analysis is as follows: First, both countries have large current account surpluses. This provides stable local funds for government expenditure and controls the fluctuation of bond market. Second, it has advantages in the balance of international payments, and China's rise, From factory processing in the world to the establishment of international brands, the prices offered are beyond the expectation of many developed countries, while Japan wins by quality. Made in Japan is the guarantee of quality. Since the 1970s, it is still a gold-painted signboard, and it still stands still despite the emergence of other Southeast Asian countries. It is common for the two countries to have surpluses in international trade, especially in the United States. Finally, with the active participation of the central banks of the two countries, the People's Bank of China actively manages the country's liquidity problems, and often maintains economic stability through tightening or expansion. On the other hand, the Bank of Japan tried its best to keep the debt yield at a low level and keep it stable by buying and selling government bonds during the epidemic of new coronavirus, which limited the decline of national prices. The stability provided by these two countries is in sharp contrast to the large fluctuations in other bond markets in qiaqia, which gives investors an alternative choice during the general decline of bond markets. The U.S. dollar index closed down at 93.92.59, and the gold price yesterday was as low as $1721.3 per ounce, as high as $1733.5 per ounce, and closed at $1729.4 per ounce. Slightly increased/decreased by USD 1. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-04-01

April 1 ST Today's volatility range: The trend of gold price is still subject to the downward pressure line, but because the downward adjustment is a bit urgent, it finally rebounded yesterday under the pretext that the small non-agricultural data is still worse than the market expectation. Yesterday, we tried again this month's low of $1,678 without breaking it. The adjustment of the near row has bottomed out and started a new round of consolidation. Today, the proposed amplitude is between 1700 and 1716. Since last year, former US Secretary of State Pompeo sent a report to Congress, stating that Hong Kong no longer enjoys a high degree of autonomy under China, so Hong Kong exports goods to the United States And no longer has zero-tariff special treatment. This policy will be reviewed by the US Secretary of State to Congress every year and new arrangements will be made; Yesterday, US Secretary of State Blinken has submitted a report to the National Assembly and confirmed to the National Assembly that it will continue to suspend the granting of special tariff status to Hong Kong in accordance with the provisions of the Hong Kong Policy Law. Hong Kong has fallen victim to the rivalry between China and the United States. The market said that the mainland plans to set up a new stock exchange to enhance the global status of the mainland stock market and reduce the financing Hong Kong's excessive dependence. It is reported that the design of China's new exchange is to expect Chinese stocks listed in Hong Kong and overseas to trade in the second market, I also hope to attract some large multinational companies, such as Apple and Tesla, to list on this new exchange. Yesterday, the Hang Seng Index fell by 0.7%. HKEx underperformed the market, down 1.34%. There is a rebound in the epidemic situation in Europe, and the psychological factors that the vaccine may lead to death make the vaccination plan achieve results according to the scheduled period, making the anti-epidemic time and economy Longer recovery time; France announced that it will launch a new round of a month-long epidemic prevention blockade. Yesterday, the three major European stock markets generally fell, and the German DAX index closed flat; French CAC index fell 0.34%; Britain's FTSE 100 index fell 0.86%. In addition, summarizing the performance of European stock markets in the first quarter of this year, the German stock market is obviously leading. For four consecutive quarters, it rose by 9.4% in the first quarter of this year. The French stock market and the UK also rose by nearly 9% and about 4% respectively. US President Biden announced the first part of his extensive infrastructure plan on Wednesday. According to the announcement of the Air Force White House, the plan will be held every year for the next 8 years Invest 1% of domestic production to upgrade infrastructure, revitalize manufacturing, invest in basic research and science, etc., with a total investment of about 2 trillion US dollars. The individual development of the new york stock market was stimulated by Biden's infrastructure plan, and the Standard & Poor's 500 Index rose by 0.36%; The Nasdaq index rose by 1.55%; However, the performance of bank stocks was affected by the default of hedge fund Archegos, which eventually dragged down the Dow Jones index by 0.26%. The number of non-agricultural employment in the United States changed the most in six months last month. In March, the number of jobs in private enterprises increased by 517,000. The data shows that the labor market will follow The United States accelerated vaccination in COVID-19 and grew. The US dollar rose to 93.44 in one fell swoop yesterday, and the yield of ten-year national debt also rose to 1.75%. However, because the data is still worse than the market expectation, it has become an excuse for the gold price counterattack. The gold price fell to the lowest of 1678 US dollars per ounce yesterday, and rose after the release of the small non-agricultural data. The highest price was $1,715 per ounce, and it closed at $1,707 per ounce, up $22. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-31

March 31 ST Today's volatility range: The trend of gold price is still subject to the downward pressure line. On Monday, it fell below the $1,720 at the bottom of the box, which was rampant for two weeks, and confirmed its decline. Yesterday, it tried the low level of this month. The basic news is also unfavorable to the gold market. Once it falls below the support level of $1,678, it will continue to find the bottom. Today's propose amplitude is between 1678 and 1688, If it falls below 1678, it can be sold. The retail industry in Hong Kong has stopped falling and rebounded. After two years of decline, the retail sales volume announced by the Census and Statistics Department yesterday increased by 30% compared with the same month last year. It is the first recovery after falling for 24 consecutive months. However, some representatives of the retail industry explained that the data might be misleading, because there was a lunar new year holiday atmosphere in February, In addition, last year, due to the low base of SARS-CoV-2's initial explosion, the strong figures were not really reversing the prospects of the retail industry. The representative said that employees in the retail industry faced layoffs, The pay cut continues, so I hope the owners can help with rent reduction. Financial practitioners seem to have no influence on the virus. According to the latest analysis of KPMG, an international accounting firm, the Hong Kong new stock market has continued since the second half of last year As of March 30, the total amount of funds raised in the first quarter of 2021 reached US$ 13.9 billion (about HK$ 108.1 billion), a record high. Hong Kong now ranks third in the world, only behind Nasdaq and NYSE. With the booming new stock market and good economic data, the investment atmosphere in the stock market is hot. Hang Seng Index rose for three consecutive years, and closed up 0.84% yesterday. The International Monetary Fund expects that global economic growth will further accelerate and will be upgraded to today, Forecast of global economic growth in the next two years. Yesterday, the three major European stock markets rose across the board, and the German DAX index rose by 1.37%; French CAC index rose by 1.21%; Britain's FTSE 100 index fell 0.56%. US President Biden will announce a $225 million employment and infrastructure plan tonight, and the market expects investment to cover a wide range, including housing, The infrastructure construction of roads and railways supports the national power grid, and is also used for implementing national high-speed broadband, reforming the national water supply system to ensure clean drainage and other major investments. However, the economic stimulus plan did not see its benefits, but it did harm first. The price of US ten-year treasury bonds fell to a low level in 14 months, which caused the yield of ten-year treasury bonds to soar by nearly 1.85%. Against the performance of the new york stock market, the Dow Jones index fell 0.31%; The Standard & Poor's 500 Index fell 0.24%; The Nasdaq index fell by 0.11%. Global economic growth will further accelerate, Coupled with the soaring yield of national debt in the past ten years, the US dollar continued to be sought after, and the safe-haven function of gold was eclipsed. The price of gold fell to a minimum of 1679 US dollars per ounce yesterday and a maximum of 1714 US dollars per ounce. It closed at $1685 per ounce, down $27. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-30

March 30 th Today's volatility range: Basically, the price of gold is still subject to the downward pressure line in the trend. Yesterday, it fell below the $1,720 at the bottom of the box which was rampant for two weeks, and turned sharply immediately. Interest rate hikes and short positions have strengthened the US dollar. The gold price is sensitive to the strength of the US dollar, and it will continue to be under pressure. Today, the suggested volatility is between 1705 and 1718. The World Health Organization (WHO) has made a preliminary draft of the investigation on the traceability of SARS-CoV-2 outbreak in China. Experts listed four possible sources in this nearly completed report. Among them, the virus is most likely to be transmitted to humans after the second animal is infected by the virus host, or it is more likely to be directly transmitted by bats, or it may be transmitted to SARS-CoV-2 through cold chain food. But I believe the chances are slim, but it is extremely impossible for the virus to be artificially leaked in the laboratory. However, the WHO did not mention in the report that it is my right to get the opportunity to enter China for investigation only one year after the outbreak of the virus. And make the overall investigation more difficult. Regardless of the WHO's SARS-CoV-2 traceability report, Hong Kong is adjacent to the Mainland, and it has become a springboard in the early stage of the virus outbreak. It is an indisputable fact to help export infected people. In addition, the Hong Kong government is just headstrong for its own use. At that time, there was no immediate customs clearance, which eventually led to the spread of the epidemic in Hong Kong ... Although the fourth wave of the epidemic has gradually eased, the government described it as a critical moment of "clearing". Therefore, most of the social distance measures that will expire on Wednesday have to be extended by 14 days. I hope the public can pay attention to hygiene and protect themselves and their families carefully during the Easter holiday. The local stock market fell first and then rose yesterday, and then rebounded after falling by 200 points. The Hang Seng Index finally closed up by only 1 point, keeping a record of continuous rise. Many European research institutions and the Italian National Bureau of Statistics published yesterday According to the joint report, the Eurozone economy will usher in a positive recovery trend. The report pointed out that although the Eurozone economy in the first quarter of this year has regressed by 0.4% compared with the fourth quarter of last year, But it is better than the 0.7% contraction in the previous quarter. At the same time, the report predicts that the euro zone economy will grow by 1.5% and 2.2% respectively in the second and third quarters of this year. Yesterday, the three major European stock markets developed individually, and the German DAX index rose by 0.60%; French CAC index rose by 0.45%; The UK stock market is affected by the fact that some banks in the UK plan to transfer jobs or businesses from the UK Moved to the European Union, the FTSE 100 index of Britain fell 0.07%. The American hedge fund Archegos won the contract and was cut off, which triggered a chain effect and triggered the bank stocks, and the stocks fell. Credit Suisse issued a profit warning, referring to cutting positions or causing huge losses in the first quarter. It dragged down the stock price by 13.8%, hitting a three-month low. Nomura Holdings' US stocks fell more than 13%, Japanese Nomura Securities predicted that its US subsidiary would suffer a huge loss of US$ 2 billion, and Nomura Holdings' US stocks fell more than 13%. The three major indexes of US stocks closed for individual development, and the Dow Jones index rose by 0.3% for three consecutive days and reached a new high; The Standard & Poor's 500 Index fell 0.1%; The Nasdaq index fell 0.6%. The economic data of the United States improved last week, and Federal Reserve Chairman Powell tried the water temperature in an interview last week, saying that there were plans to raise interest rates under specific circumstances, and his remarks turned eagle, which scared investors in the gold market. Yesterday, the price of gold was adjusted downwards by two or three yuan as soon as the Asian market opened, and stayed for half a day until the opening of the US market, which was fermented due to the short position event, which stimulated the US dollar index to approach 93 points and the market turned sharply. It fell to the lowest of $1,706 per ounce and closed at $1,712 per ounce, down $21. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-29

March 29 th Today's volatility range: The trend of gold price is still subject to the downward pressure line. Recently, the yield of US Treasury bonds has not affected the gold price. On the contrary, the gold price is sensitive to the strength of the US dollar, and the economic data is improving. Stimulating the US dollar to be sought after, the price of gold will continue to be under pressure. There are non-agricultural employment data this week, and the price of gold has been consolidating for two weeks from 1720 to 1740. After the data is released, it can indicate a new direction. Today, the proposed amplitude is between 1720 and 1738. International concern about China's democracy has extended to the cotton mainly produced in Xinjiang. Some international fashion brands have announced in a high-profile manner that they will follow the purpose of the Good Cotton Development Association (BCI). No longer purchasing new and strong cotton, the incident aroused the reaction of Chinese netizens, and a large number of Hong Kong and Taiwan stars also terminated their contracts with "insulting enterprises". Some citizens said that they would stop buying and buying these enterprise brands Products and batch enterprises will be kicked out of the Chinese market. There are also fierce citizens who burn a brand of sneakers live on the Internet. Some stores are closed for one day for fear of being damaged, and cut prices for promotion one day later. Unexpectedly, it attracted a large number of customers and swept away the shops, and did not pay attention to whether they came to spend because they supported the products of "insulting enterprises" or wanted to use the products to sacrifice flags on the Internet. In response to the Xinjiang issue, China has successively adopted counter-measures to sanction individuals and entities in the European Union, Britain, the United States and Canada. It will become the new normal for western countries to continue to compete with the rising China. Nowadays, there is no absolute winner in global integration, but how to dismantle it is a difficult problem. UN Secretary-General Guterres said that the United Nations is negotiating with China and expects to allow UN personnel Visit Xinjiang without restriction. By then, western countries will witness that there is no racial bullying in Xinjiang, and China will be able to slap them to appease the incident. The Hang Seng Index fell for five consecutive trading days and hit a year and a half After the longest market decline since then, it finally rebounded last Friday and fell 1.2% in a week. In Europe, the epidemic situation worsened again because of the variant virus, and Poland, one of the member countries, became out of control. The number of infected cases increased to about 30,000 every day, making it the second most newly infected country in Europe after France. Moody's, a credit rating agency, said that Britain's consumer confidence recovered faster than that of the European Union, because the slower vaccination in other parts of Europe means that it is still far from returning to normal. Strict epidemic restriction measures affecting consumers may make consumer confidence relatively weak. European stock markets performed well last week, and the German DAX index rose by 1.4%; The French CAC index fell 0.45%, Britain's FTSE 100 index fell by 0.49%.   The economic growth figures of the United States last quarter exceeded market expectations, and the GDP of the fourth quarter was revised upwards. The labor market was also positive. Last week, the number of new jobless claims fell to a one-year low. The number of people decreased by 97,000 every week, and the US dollar is now strong. When Federal Reserve Chairman Powell was interviewed last Thursday, he tried the water temperature, saying that when the US economy made substantial progress towards the bureau's goal, it began to reduce quantitative easing There are also plans to raise interest rates under specific circumstances, but the policy must be transparent. Last week, the three major indexes of US stocks developed individually, with Dow Jones index and Standard & Poor's 500 index rising 1.4% and 1.6% respectively. The Nasdaq index fell 0.6% for two weeks. Last week, the price of gold was still consolidating, with the highest price rising to US$ 1,745 per ounce. The economic data of the United States is improving, and the US dollar is now strong, which has hit the price of gold. The lowest price is $1,722 per ounce, closing at $1,733 per ounce, closing at $1,733 per ounce, and falling by $13 a week. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-03-26

March 26 th Today's volatility range: The trend of gold price is still subject to this week's downward pressure line. The yield of US Treasury bonds has no effect on gold price, but gold price is sensitive to the strength of US dollar. The positive economic data has stimulated the pursuit of the US dollar, and the price of gold will continue to be under pressure. Today, the proposed amplitude is between 1720 and 1738. Yesterday, nine new cases of new coronavirus were confirmed in Hong Kong, which returned to single-digit diagnosis. At the same time, it was the first time in four months that there were no cases of unknown origin. It is expected that the public will not take it lightly, and stick to the epidemic prevention measures for a long time, so as to truly and completely cut off the virus transmission chain before they can live a normal life with peace of mind. Due to the unstable epidemic situation in Hong Kong, Since the beginning of this year, the Shenzhen Municipal Health Commission has requested that Hong Kong people entering Shenzhen should accept the "14+7" quarantine measures, that is, they should concentrate on 14 days after hotel isolation. Community management of staying at home for an additional 7 days. The Shenzhen Municipal Health and Health Commission announced yesterday that it would relax the policy. The new measures only need to be concentrated and isolated for 14 days. During the stay in the isolated hotel, On the 1st, 4th, 7th, 14th day, nucleic acid detection was done for 4 times, and the results showed that if there was no infection, isolation could be released and free movement could be achieved. Hang Seng Index fell for five consecutive trading days, setting a record for the longest market decline in a year and a half, and fell another 18 points or 0.66% yesterday. In Europe, the epidemic has worsened again because of the variant virus. Moody's, a credit rating agency, said that Britain's consumer confidence recovered faster than that of the European Union, because the slower vaccination in other parts of Europe means that it is still far from returning to normal. Strict epidemic restriction measures affecting consumers may make consumer confidence relatively weak. However, yesterday's stock market performance went in the opposite direction, and the German DAX index rose by 0.08%; French CAC index fell 0.09%, while British FTSE 100 index fell 0.57%. Federal Reserve Chairman Powell tried the water temperature during an interview yesterday. He said that when the US economy made substantial progress towards the local goal, it began to reduce quantitative easing, and there were plans to raise interest rates under specific circumstances, but the policy must be transparent. Powell's remarks once caused the stock market to fall. However, the economic data released by the United States last night was brilliant, and the number of new jobless claims in the United States fell to a one-year low last week. It decreased by 97,000 to 684,000 people every week, the lowest level since mid-March last year, and also less than the market expectation of 730,000 people. In addition, the US economic growth figures for the last quarter Exceeding market expectations, the final GDP of the fourth quarter of last year was revised up to 4.3% quarterly from 4.1% in the first revision at an annual rate. The market was originally expected to maintain growth of 4.1%. The data made the three major indexes of new york rise, and the Jones index rose by 0.62%; The Standard & Poor's Index rose by 0.52%; Nasdaq index rose 0.12%. The economic growth figures of the United States last quarter exceeded market expectations, and the GDP of the fourth quarter was revised upwards. The labor market was also positive. Last week, the number of new jobless claims fell to a one-year low. The number of people decreased by 97,000 per week, and the US dollar is now strong, which hit the gold price. After the data was released, the gold price fluctuated rapidly by 20 dollars. Yesterday, the lowest price of gold was $1,722 per ounce. The highest rose to $1,745 per ounce and closed at $1,727 per ounce, 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