Gold market analysis

2021-01-29

January 29 th Today's volatility range: The price of gold fluctuated greatly in the US market last night, but it was obviously still subject to the resistance level of $1,864 per ounce, and it is expected that it will still go up and down today. It is suggested that today's volatility should be between 1835 and 1853 dollars. Prime Minister Johnson visited COVID-19 patients in Scottish hospitals yesterday, and "incidentally" called on Scots not to hold a referendum to leave the UK, apparently worried that Britain's split would deal a heavy blow to Britain's image. And extend to the economy and the future of the pound. Britain's FTSE 100 index fell by 0.63%. Earlier, European Central Bank President Lagarde spoke many times and mentioned that the European Central Bank will closely monitor the euro exchange rate. Followed by the European Central Bank Management Committee member and the Dutch central bank governor, Crash Hanguz said that the central bank has tools including interest rate cuts to prevent further appreciation of the euro. Yesterday, another Committee member opposed the opposite view, saying that the European Central Bank has other tools to use, such as buying bank bonds and putting emergency aid funds in appropriate investments. It can still stimulate inflation moderately. Major stock markets in the euro zone rose, and the German DAX index rose by 0.33%; French CAC index rose by 0.93%. The data is convenient. Last night, the fourth quarter GDP of the United States increased by 4% quarter, in line with market expectations; However, in 2020, U.S. GDP declined by 3.5%, which was the first negative growth since 2009. Set a new low since 1946. In the United States, the number of people applying for unemployment benefits for the first time last week was 847,000, which was better than the market expectation, but the number still did not return to the average in the second half of last year, indicating that the epidemic still plagued the labor market. The three major indexes of the new york stock market rebounded yesterday after falling sharply the day before yesterday, and the Dow Jones index rose by 0.99%; The Standard & Poor's Index rose by 0.98%, while the Nasdaq Index rose by 0.5%. The Gold Association published a report, Last year, global gold consumption demand dropped by 14% to 3.76 thousand tons compared with the previous year, which was the first time since 2009 that it was lower than 4 thousand tons. The demand for gold ornaments dropped obviously, which was obviously hit by the epidemic. The global economy shrank severely last year. On the other hand, the price of gold has been rising in the past year due to the demand for safe haven, and it has reached a record high. In addition, India and China, the two countries with the greatest demand for gold ornaments in the world, often need gold ornaments during marriage. However, consumers all over the world are restricted by the epidemic blockade, and wedding ceremonies are still restricted. Brides have to accept simpler ceremonies, which greatly undermines consumer desire. The report shows that India's demand fell by more than one-third to 446 tons last year. Create a new low after 1994; In the first quarter of 2020, China's demand for gold ornaments has dropped by 65% year-on-year, which is staggering! Contrary to consumption of gold, the demand for investment in gold market has increased obviously. Due to the increase in political uncertainty and conservative policies under the epidemic, the demand for gold investment has been greatly increased, rising by 40% year-on-year to a record 1.77 thousand tons; Global gold exchange-traded funds increased their holdings of 877 tons of gold by a record last year. Last night, investors focused on the negative growth of U.S. GDP recorded last year. The U.S. dollar fell sharply, and the price of gold rose sharply in a short time, from the lowest of 1,835 dollars per ounce last night to the highest of 1,864 dollars per ounce. However, due to the rising yield of US Treasury bonds, it turned to fall, and finally closed at 1843 US dollars per ounce, with a slight loss of 1 US dollar for the whole 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

2021-01-28

January 28 th Today's volatility range: Although the market expects that the Fed will keep the current interest rate unchanged, Fed President Powell will continue to release pigeons and say that he will not collect water early, but the strength of the US dollar will put pressure on the gold price in the short term. For the time being, the price of gold is still subject to the resistance level of $1,864 per ounce. Yesterday, it fell below the support level of $1,838. Although it rebounded when it fell to $1,832, it may try its low level again today. It is suggested that the volatility should be between $1,828 and $1,848 today. SARS-CoV-2 is still raging all over the world, and more than 100 million people have been infected globally! Britain has become the fifth country in the world where more than 100,000 COVID-19 patients have died. Prime Minister Johnson, because of the stronger transmission of the British variant virus and the prevention and control of the epidemic, Announced an extension of the city closure measures until March. Portugal takes the lead in offering sacrifices to immigrants from Britain, and needs to stay in hotels for 10 days for isolation after entry. If the epidemic situation in Britain cannot be improved in the short term, I believe more countries will follow suit. German officials said, Although the recent German data show that the local economy's ability to resist the pneumonia epidemic in COVID-19 is better than expected, warning SARS-CoV-2 is still a threat and must not be underestimated. Because of the tightening of anti-epidemic social isolation measures for two consecutive months, It has dealt a greater blow to the retail, catering and tourism industries. The German government has drastically lowered the forecast of local economic growth this year, from 4.4% growth in the third quarter of last year to 3% growth. Major European stock markets fell across the board, The German DAX index fell 1.76%; French CAC index fell 1.16%; Britain's FTSE 100 index fell by 1.31%. Earlier, European Central Bank President Lagarde spoke many times and mentioned that the European Central Bank will closely monitor the euro exchange rate. Seeing that the euro continues to appreciate in spite of the epidemic, Crash Hanguz, a member of the management Committee of the European Central Bank and also the governor of the Dutch central bank, exported, It remains to be proved that the central bank has tools such as interest rate cuts to prevent further appreciation of the euro, and whether it will really cut interest rates again, but the remarks are explosive enough, and the euro went down yesterday. The U.S. Federal Reserve announced the results of the Biden administration's first interest rate decision early this morning. As expected by the market, keep the interest rate unchanged from 0% to 0.25%, and keep the scale of quantitative easing unchanged, that is, continue to buy at least US$ 80 billion treasury bonds and US$ 40 billion secured bonds every month until it can stimulate the US economy. Achieve the maximum employment level and stabilize inflation at 2%. After the meeting, Federal Reserve Chairman Powell continued to release pigeons, saying that it is still too early to talk about reducing the scale of buying bond assets, and that it will take some time for the US economy to grow in real terms. The economic outlook is still highly uncertain because of the epidemic or the delay of comprehensive economic recovery, and the Federal Reserve will use all tools to support the economy. Although the market expects the Fed to continue to release pigeons, venture capitalists take advantage of high arbitrage. As soon as the US stock market opened, a large number of selling orders emerged. Finally, the three major indexes of the new york stock market fell across the board, and the Dow Jones index fell 2.57%; The Standard & Poor's index fell 2.05%, and the Nasdaq index fell 2.61%. The US dollar rebounded to a high level in the month, Thanks to the export skills of European Central Bank officials, the euro fell sharply against the US dollar. In addition, vaccination programs around the world lagged behind the outbreak rate, and the demand for safe haven in the US dollar warmed up. The US dollar index was close to 90.7 points, and gold was relatively eclipsed, reaching a maximum of 1854 US dollars per ounce. The lowest price was $1,831 per ounce, and finally closed at $1,844 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    

2021-01-27

January 27 th Today's volatility range: The Federal Reserve's interest rate meeting for two consecutive days has been held since last night, and the results will be announced in the early morning of Thursday. Investors have become more cautious, although the market expects the Fed to release pigeons and keep the current interest rate unchanged. However, the speeches of Fed officials after the meeting may affect market sentiment. For the time being, the price of gold is still subject to the resistance level of $1864 per ounce, and it is expected that this week, it will still be held between 1838 and 1883. It will still fluctuate today, The suggested volatility is between $1842 and $1855. According to the latest World Economic Outlook published by the International Monetary Fund, the growth rate of the global economy is expected to rebound to 5.5% in 2021, among which China's economy is expected to perform best, with an increase of 8.1%. In developed countries, the United States is the best performer, with an expected growth rate of 5.5%, followed by the United Kingdom and the Eurozone, with an expected growth rate of 4.5% and 4.2% respectively. In the same report made by IMF in October last year, it was predicted that the global economy would be 5.2% this year. As explained in the report, since many countries have published the fourth quarter GDP, the statistics are generally better than expected, which is one of the reasons for the IMF to revise the figures. The most important thing is that since December last year, A number of vaccines developed by pharmaceutical companies have been approved for marketing, and most advanced economies have started vaccination programs, which will help ignite people's hope that the epidemic will eventually pass and rejoin normal social life and economic activities. IMF concluded that although the loss of human life caused by the epidemic is huge and increasing, with the passage of time, economic activities seem to be adjusting, and the world is gradually adapting to the post-epidemic situation of reducing social contact and increasing awareness of personal health protection. Finally, countries (especially the United States and Japan) announced more policies and measures at the end of 2020, which are expected to provide more support for global economic growth in 2021-2022. But the IMF also warned that, When the economic stimulus measures taken during the epidemic period are cancelled, there may be more bankruptcy cases in the world, which may lead to the impact of the fragile banking system, because the debt level of many countries has reached the highest level in history. Therefore, for all countries, they should ensure that they have a transitional plan to keep their debts stable, and they should not cancel quantitative easing too early. European and American stock markets have seen each other's honor and disgrace. Major European stock markets rose across the board. Germany's DAX index rose by 1.66%. The French CAC index rose by 0.94%, while the British FTSE 100 index rose by 0.21%; The three major indexes of new york stock market fell across the board, with Dow Jones index and Nasdaq index falling by 0.07%; The Standard & Poor's Index fell by 0.15%. Investors turned cautious before the Federal Reserve announced the results of the policy meeting. After the opening of the market in Asia, the gold price gradually declined, and the volatility increased when entering the European market. In a short time, the gold price was at the same high and low level on the same day as the test, with the lowest reaching $1,848 per ounce. The highest rose to $1862 per ounce, which was obviously subject to the resistance level of $1864, and finally closed at $1851 per ounce, down by $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  

2021-01-26

January 26 th Today's volatility range: The U.S. dollar rebounded, the U.S. dollar index rose to a one-week high, and the market expected that the U.S. fiscal stimulus plan of Biden administration might be delayed, so the price of gold was under significant pressure. However, the price of gold can still return to the opening price without the stimulation of other good news, and the market outlook is more promising. The federal reserve meeting on interest rates for two consecutive days starting today will be held tonight. The results will be announced on Thursday morning, and the market is expected to keep the current interest rate unchanged, but the speech of Fed officials after the meeting may affect market sentiment. The price of gold is still subject to the resistance level of $1,864 per ounce. It is expected that this week will still be held in 1838-1883. Today, it will still fluctuate, keeping the suggested volatility yesterday, that is, between $1848 and $1868. SARS-CoV-2 is still raging all over the world. More than 100 million people were infected all over the world yesterday! There are 22,000 new cases in Britain. British Health Minister Xia Guoxian said that the emergence of new variant viruses in Britain, It makes it more difficult to control the epidemic, and the whole country may need to enter the third blockade. There were 6.5 thousand new cases in Germany, and the German government extended part of the closure period. In France, more than 4,000 people were infected, and the government announced a nationwide curfew. The anti-epidemic war, which lasted for more than a year, not only damaged the global economy, but also affected the physical and mental health of individuals, which was costly. The United Nations published the latest report "World Economic Situation and Prospects", The report said that the global economy experienced negative growth last year, shrinking by 4.3%. The report stressed that the global economy should get rid of the impact of the epidemic and achieve sustained recovery, in addition to accelerating the production and vaccination scale of vaccines. It also depends on the implementation of various epidemic prevention measures in various countries around the world. European Central Bank President Lagarde said at the World Economic Forum that even in the face of strict epidemic prevention and blockade measures and repeated worries about SARS-CoV-2 varieties, The road to economic recovery will slow down, but it should not deviate. Major European stock markets fell across the board, and the German DAX index fell 1.62%; French CAC index fell 1.57%; Britain's FTSE 100 index fell 0.8%. The House of Representatives of the United States will submit a motion to impeach former President Trump to the Senate. However, the media reported that the Republican Party's reaction to impeaching former President Trump, who has completed his term of office, is getting colder and colder, and even there are voices against it. The possibility of Trump being impeached and convicted is greatly reduced. As a matter of fact, when people walk away from tea, Trump's ranking is lower than that of Yelun in the online search list just now. The reason is that the US Senate has voted Yellen as the finance minister. Became the first woman in the United States to serve as finance minister. The market expects the Biden administration of the United States to increase financial assistance measures to boost the economy, but there are signs that the US fiscal stimulus plan may be delayed. Pelosi, the leader of the Democratic Party in the Senate, said that it would take at least a month to legislate a whole aid program. The market was slightly disappointed, the new york stock market was mixed, and the Dow Jones index fell 0.12%; The Standard & Poor's Index rose by 0.36%; Nasdaq index rose 0.69%. Yesterday, there was a volatility increase in the gold market. Most of the early days, the price of gold struggled between 1852 and 1857 dollars per ounce. When entering the European market, it broke through the boring situation and tried to challenge the resistance level of 1864 dollars. The highest price rose to $1,868 per ounce, but the US dollar rebounded, and the US dollar index rose to a one-week high. The gold price was significantly under pressure, and the lowest price fell to $1,847 per ounce. However, in the absence of other news, the gold price gradually increased. Finally, it returned to the opening price of $1,856 per ounce, rising and falling all 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

2021-01-25

January 25 th Today's volatility range: The US dollar reappears in weakness, and the market expects the Biden administration of the United States to increase financial assistance measures to boost the economy, so the gold price will be supported in the depreciation of cash. But the cash price is still subject to the resistance level of $1,864 per ounce. It is expected that this week will still be held in 1838-1883. It will still fluctuate today, and the suggested volatility is between $1848 and $1868. The new crown virus is still raging all over the world. Last week, Germany announced that it had found a new variant different from Britain and South Africa. For the time being, it was unable to report the lethality and infectivity of this variant virus. However, experts predict that the developed vaccine will still be effective against the new variant virus. Due to the stronger spread of the British variant virus, the British government raised the epidemic prevention measures in England to the fourth level, and Germany extended part of the closure period. The French government announced a curfew in the whole country, and moved the curfew forward. Portugal began to close its schools on Friday. The European Central Bank announced last week that it would keep interest rates unchanged, and the central bank announced that it would keep its main refinancing rate at zero. The overnight deposit rate was minus 0.5%, which was in line with market expectations. European Central Bank President Lagarde made a speech after the interest rate was announced, warning that the number of new pneumonia infections is soaring, and there are still uncertainties in the entire European economy. European governments need to speed up the deployment of the new pneumonia recovery fund, and urge the rescue plan with a scale of 750 billion euros to be put into operation immediately to help the regional economy recover more quickly and comprehensively. Last Thursday, Biden was sworn in as the 46th President of the United States, and the process went smoothly. When he spoke as president for the first time, he called on American citizens to unite to meet the challenges, and stressed that he would become the president of all people. Biden later posted a post on social media, saying that seeing the economic blow brought by the epidemic made the general public in trouble and promised to increase financial assistance measures. Yellen, the nominee for US Treasury Secretary, testified before the Senate Finance Committee. She supported the large-scale rescue operation, saying that although it would lead to a higher debt burden, she pointed out that due to the current global low interest rate environment, the actual interest expenses did not rise significantly. Emphasize that the benefits of measures outweigh the costs. On the issue of the US dollar exchange rate, Yellen reiterated that the US dollar exchange rate should be determined by the market. She pointed out that the United States would not seek the depreciation of the US dollar to gain a competitive advantage, and said that it opposed the manipulation of foreign exchange markets by other countries. In order to gain advantages in trade, it is unacceptable to deliberately set exchange rate targets for this purpose. The US dollar continued to weaken last week, and the US dollar index was close to 90 points. At the beginning of last week, the ten-year bond yield of the U.S. Treasury rose and hit the gold price, which fell to $1,808 per ounce at worst. On Thursday, Biden was formally sworn in as the 46th President of the United States, promising to increase financial assistance measures, and the dollar reappeared in weakness. The gold price once rose to 1875 US dollars per ounce, but the US employment data was better than the market expectation, which limited the increase of gold price, and fell back to 1856 US dollars per ounce, up 29 US dollars per week. Tips: The five-day World Economic Forum was unveiled today. On Wednesday, the theme is "Reset digital cash", which may cause fluctuations in cryptocurrency market. On Thursday morning, the Federal Reserve decided on interest rate, which is expected to keep the current interest rate unchanged. However, the speech of Fed officials after the meeting may affect market sentiment. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-22

January 22 nd Today's volatility range: The United States announced that the number of people applying for unemployment benefits for the first time last week was better than expected, but the number was still on the high side. Biden promised to increase financial assistance measures to boost the economy, and the gold price would be supported by the depreciation of cash. Gold price should stabilize at $1,864 per ounce before reaching a high level again. It is expected to fluctuate today, and the suggested volatility is between $1,856 and $1,875. The European Central Bank kept the interest rate unchanged, and the central bank announced that it would keep the main refinancing rate at zero, the overnight deposit rate at MINUS 0.5%, and the marginal lending rate at 0.25%, which was in line with market expectations. In the minutes of the meeting, The members of the management Committee of the European Central Bank will write down the future economic policy, saying: "Decided to reiterate the very loose monetary policy stance", implying that it will not stop printing money to save the market. In fact, Last year, EU leaders approved an emergency relief plan of 750 billion euros, but the operation of this fund was delayed due to disputes over the scope of authority and management. European Central Bank President Lagarde made a speech after the announcement of the interest rate, warning that the number of new pneumonia cases is soaring, the whole European economy is still uncertain, and European governments need to speed up the deployment of new pneumonia recovery funds. It is urged that the rescue plan with a scale of 750 billion euros should be put into operation immediately to help the regional economy recover more quickly and comprehensively. Lagarde said that the COVID-19 epidemic still dealt a serious blow to the euro zone economy. European countries have intensified and extended the policy of city closure. It is predicted that the decline in the fourth quarter of last year will last until the first quarter of this year, and the risk of economic growth prospects in the euro zone still tends to decline. Major European stock markets rose across the board, The national DAX index fell by 0.11%; French CAC index fell 0.67%; Britain's FTSE 100 index fell by 0.37%. In terms of data, last night, the United States announced that the number of people applying for unemployment benefits for the first time last week was 900,000, which was better than expected, but the figure was still on the high side. It is expected that the Biden administration will increase measures to relieve difficulties, and the three major indexes in the United States will develop individually, with the Dow Jones index being the only index that fell. Down 0.04%; The Standard & Poor's Index and Nasdaq Index both hit record highs, and the Standard & Poor's Index rose by 0.03%; Nasdaq index rose 0.55% and fell for the fourth consecutive day, with the US dollar index approaching 90 points. Stimulated the gold price to climb to $1,875 per ounce, but with the satisfactory employment data, the gold price turned to fall, with the worst falling to $1,858 per ounce, but rebounded strongly at the low level, and finally closed at $1,870 per ounce, down by one dollar. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-21

January 21st 今波幅區: 拜登宣誓就職 第 任總統承諾會加財政援措施去提振經濟 黃昨晚扮演大子鳳作賀. 價要再闖位要看拜登提更傃ࠒ量寬政策是否落實 預料今仍將震盪,亭議波幅在乢至1858至1886Mami子子。 New冠病毒仍然在子子界肆虐荷蘭首子呂特宣佈為防止英變子病毒傳子當子傍晚開始禁止來子根區飛機子範圍子境在提子實施"宵禁令 禁止晚至清晨 以遏制型肺炎疫情譏案將子會過料會獲得 子會過這將會是戰以來首次子宵禁。 英首約翰遜昨表示, 英增亡病例數創紀錄子,情況令震驚並警告由於英發了變 毒株更具傳染毒株更具傳染預計會子更子亡病例. 英央貝昨談及英經濟景, 表示1產總值會受封子影響但疫苗子接子開始是常好子消息常好已看到經濟緩慢復甦暫沒討論負率。 言論令英鎊受到支持,兌漲。 歐洲要股中&升,恚輺指數升0.81%指數升;英指數則升0.44%; 今早凌晨,拜登宣誓就職. 第46任總統,過程順. 。 另,其競選副,擁裔及亞裔血統賀錦麗亦宣誓就任副總統為歷來首位女旒੪任這個職位。 他在首次以總統身份發言呼籲要團結迎接挑戰強調子己將會為子總統又容"今是 子 子株"。 拜登子在媒體留貼子,說看到疫情帶來經濟打擊, 令普羅陷困境承諾會加財政援措施。 Mi指數繼續升並皆曾創歷史瓊斯指數升0.83%;標準普爾指數升1.39%;納斯達克指數更升1.97%。 連續連續跌刺激價早段攀升在在功挑戰屲位屲價卻也亦是開幅回調至昨'價也亦是低位||每盎 跟著逆轉 最升至每盎 1872, 最終以每盎 1871 報收,升31. 如欲了解詳細 析及操作 議,歡迎CLICK以連結子群及向管子員查詢 https://t.me/mingtakchat

2021-01-20

January 20 th Today's volatility range: Yellen, the nominee of the US Treasury Secretary, also carried out his dove image when he was the chairman of the Joint Bureau, supported the new US government to spend money to boost the economic market, and hinted at abandoning the weaker dollar policy advocated by Trump era. Policies offset each other's influence on gold market. It is expected that the price of gold will continue to struggle between 1820 and 1850 in the short term, and it is expected to fluctuate today. The suggested volatility is between 1833 and 1850 US dollars, and it can be chased after rising above 1850. Yesterday, it was mentioned that Lin Zheng's government had reiterated that it would not push any more aid measures, but dumped money into the sea to stir up the Lantau Project tomorrow. This has proved that the Hong Kong government is determined to stay away from the land and then allocate subsidies to Ocean Park, involving a total of 2.79 billion yuan. However, Ocean Park closed the hong kong ocean park and sent away dolphins. Ocean Park exists in name only. Facts have proved that the Ocean World, which is operated by Hengqin across a bridge, is more competitive. Instead of saying that Ocean Park is a collective memory of Hong Kong people, It is better to be happy than to have a one-size-fits-all value. As a place to build a house, the top of the South District has a price in the market; However, the current administration of the government is careless, as simple as the flower market of the New Year's Eve, and the administrative chaos is here! Most senior officials have a bad attitude and lack long-term policies and commitments, let alone control the epidemic!   SARS-CoV-2 is still raging all over the world. Germany announced at an early date that there are new strains of virus different from those in Britain and South Africa. The epidemic has once again plagued Europe. Investors are worried that Europe will extend social isolation measures, and major European stock markets have fallen across the board. The German DAX index fell by 0.24%; French CAC index fell 0.33%; Britain's FTSE 100 index fell by 0.11%. Yellen, the nominee of US Treasury Secretary, testified in the Senate Finance Committee early this morning. In the video, she urged members of Congress to support the large-scale rescue of the market in the rescue plan. Although this will lead to a higher debt burden, she pointed out that the proportion of expanding the scale of issuing bonds to the economy is rising, but because of the current global low interest rate environment, The actual interest expense has not increased significantly, and it is emphasized that the benefits brought by the measures outweigh the costs. Yellen added that relief measures should give priority to benefiting small and medium-sized enterprises and helping employment, as this will be more in line with long-term interests. When it comes to tax system, Yellen said that the tax reduction policy for large enterprises in 2017 should be abolished, but the tax rate will not return to the level before 2017. She said that the Biden administration did not want to raise taxes significantly during the epidemic. Yellen's remarks benefit venture capital, Stimulate the rise of the three major US indexes, and the Dow Jones index rose by 0.38%; The Standard & Poor's Index rose by 0.81%; The Nasdaq index rose by 1.53%. On the issue of the US dollar exchange rate, Yellen reiterated that the US dollar exchange rate should be determined by the market. She pointed out that the United States would not seek the depreciation of the US dollar to gain a competitive advantage, and said that it opposed other countries' manipulation of the foreign exchange market to gain a trade advantage. It is unacceptable to describe deliberately setting exchange rate targets for this purpose. Yellen did not point out which countries manipulated their currencies. However, she mentioned that China is the most important strategic competitor of the United States and stressed that the Biden administration is cracking down on China's abuse The determination of unfair and illegal practices, the remarks imply that Trump's China policy will be continued. Yesterday, the gold market fluctuated between $1,830 and $1,843 as expected. Yellen's remarks also carried out her dove image as the chairman of the Joint Office. The market also expects her to support a large-scale rescue operation. On the contrary, it is the tax system that surprises the market and benefits investment. Yesterday, the lowest price of gold was $1833 per ounce, the highest price rose to $1845 per ounce, and finally closed at $1840 per ounce, up $2. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-19

January 19 th Today's volatility range: The new U.S. government has poured money to boost the economic market, which has become a double-edged sword. The market is worried that interest rates will rise again, and it is afraid of preventing inflation. It is expected that gold prices will compete between 1820 and 1850 in the short term, and it is expected to fluctuate today. It is suggested that the amplitude should be between $1,830 and $1,843, which can be chased through high and low positions. Yesterday, China announced the fourth quarter GDP, which increased by 6.5% quarter by quarter, which was better than the market expectation. Although it only increased by 2.3% in the whole year, it was the first time that China exceeded the economic scale of RMB 100 billion. The National Bureau of Statistics also published an unemployment survey, In December last year, the national urban unemployment rate was 5.2%, which was the same as that in the same period of 2019, which was in line with market expectations. The data reflected that China controlled the epidemic as early as possible, so that the economy could maintain vitality and rebound quickly after the epidemic; On the other hand, the epidemic situation in Hong Kong has dragged on, Yesterday, another hundred people were infected with COVID-19 pneumonia, but the famous and easy-to-beat Chief Executive was helpless. In the year-long epidemic, many industries were dragged down, resulting in a year-on-year increase of 6.6% in the number of bankruptcy applications and a 7.2% increase in the number of compulsory liquidation applications. The unemployment rate also broke a 16-year high to 6.3%. Lin Zheng's government has reiterated earlier that it will not push any more aid measures, but it plans to pour money into the sea and develop tomorrow's Lantau Island, stating that it is in line with the national Greater Bay Area policy, but after the opening of Zhuhai Bridge, It doesn't take an hour to connect Hong Kong with the mainland. On the one hand, the development cost of Hong Kong is high, and on the other hand, it seems that it is politically incorrect to compete with the national policy. Is it actually just a big white elephant project, leaving a landmark for one's own achievements? However, as the Chief Executive Election Year is approaching, you can endorse it here first, and then someone will suddenly be willing to listen and defeat me yesterday. SARS-CoV-2 is still raging all over the world. Germany announced the discovery of a new variant virus strain yesterday. It is temporarily unknown how lethal and infectious it is. However, experts predict that the developed vaccine will still be effective against the new variant virus. Many EU countries have started vaccination programs, but because vaccination is voluntary, the European Commission considers allowing people from vaccinated member countries to enter and leave the euro zone more easily. Increase the incentives for people to receive vaccination; There were still 37,000 new cases in Britain yesterday, which is the European country with the largest number in the whole European plate. British Health Minister Xia Guoxian warned that the epidemic is threatening the British medical system. Two major European stock markets rose, The German DAX index rose by 0.44%; French CAC index rose by 0.10%; Britain's FTSE 100 index fell by 0.2%. Yesterday, the gold market took on the nightmare of rising US debt, which fell sharply to 1803 US dollars per ounce at first, and then gradually rebounded. It is expected that the new US government will spend a lot of money, causing inflation, and some investors will turn to the gold market. The highest price of gold has reached 1841 US dollars per ounce, with a fluctuation of 38 US dollars. The fluctuation range is also close to the gold ratio of 0.618 and 0.786 in Fibonacci according to recent market conditions, and finally closed at 1838 US dollars per ounce, up 9 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

2021-01-18

January 18 th Today's volatility range: The rising interest rate has become a nightmare for the gold market. The new US government has indicated that it will spend a lot of money to boost the economic market. The market is worried that the interest rate will rise again, and the gold price will be obviously under pressure in the short term. It is expected that the 1808 support level may be tested today, and the suggested volatility is between 1807 and 1830 US dollars. SARS-CoV-2 is still raging all over the world. There are 95,400 infected cases in the world, and nearly 500,000 new cases are added every day. The cumulative death toll exceeds 4 million. Even with the introduction of vaccines, many countries in the world have begun to arrange national vaccination programs, but the vaccination rate is lower than expected. In addition to the shortage of vaccine supply and human resources, it is also a big problem for people to be wary of vaccine effectiveness; Besides the pharmaceutical companies can provide more data, I hope the government can invest more resources to educate the public so as to remove obstacles. Due to the stronger transmission of the British variant virus, The situation in Europe is even more severe. In some parts of London, the British capital, one in every 20 people is infected. The British government raised the epidemic prevention measures in England to the fourth level, calling on the public not to go out if it is not necessary; There are more than 1,000 new deaths in Germany, Reaching a historical high, Germany is considering extending the blockade period; In France, because of the increasing number of infection cases, the government is worried about dragging down the medical system, and announced a national curfew from last Saturday. European Central Bank President Lagarde made her first speech this year last week, saying that although the COVID-19 epidemic is still severe, it is expected that there will still be enough vaccines available in the future. Lagarde added that some uncertainties that plagued the global economy last year have been eliminated, such as Brexit, the US election, Vaccine approval, etc., she thinks that the economic prospects of the euro zone are more optimistic this year. Assuming that the epidemic situation is gradually controlled, most European countries will be able to lift the blockade measures before the end of the first quarter of this year. It is predicted that the economic growth of the yuan region in 2021 will be 3.9%, which is more optimistic than the 3.6% predicted by the economic report issued by the World Bank earlier. Trump, the current president of the United States, has caused a lot of ants because of the Capitol Hill incident. The US House of Representatives has passed the impeachment bill, and Trump has become the first president to be impeached twice in American history. Although McConnell, the leader of the Senate Majority Party, has indicated that he will not invoke emergency power to review the impeachment bill submitted by the House of Representatives, It means that Trump has little chance of being deposed by Congress before his term ends. But at least the incident made Trump know that the general trend was gone and agreed to hand over power peacefully to President-elect Biden. US President-elect Biden announced a stimulus plan of 2 trillion US dollars. It is reported that this plan will be divided into two accompanying parts; Among them, $350 billion is local aid, and another $160 billion is vaccine and testing expenses. Last week, Federal Reserve Chairman Paul Bowie also spoke, saying that he would not withdraw from the market in the short term, and reiterated that he would not raise interest rates in the short term until the US economy was far from reaching inflation and employment targets. Influenced by Powell's dovish remarks, The U.S. dollar exchange rate immediately softened. In terms of US data, the number of people who applied for unemployment benefits for the first time in the United States rose sharply to 965,000 last week. After the data was released, it once stimulated the price of gold to rise to 1,863 US dollars per ounce. However, the market worried that the huge stimulus plan would push the interest rate of US treasury bonds, and the attractiveness of gold prices fell relatively. Interest-bearing people reduced their holdings of gold and increased their holdings of interest-bearing bonds. The worst price of gold was $1,823 per ounce, with a fluctuation of $40 per week, and finally closed at $1,829 per ounce. In a week, it dropped by $20 in total, falling for two consecutive weeks. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-15

January 15 th Today's volatility range: The strength of the dollar completely dominates the rise and fall of gold prices, but Powell's dovish remarks can become evidence that the dollar is no longer strong, which is beneficial to the gold market. It is expected that it will still fluctuate today, and the suggested volatility is between US$ 1844 and US$ 1870. After the introduction of the vaccine, the new crown virus is still raging around the world, and the situation in Europe is even more severe. Due to the stronger transmission of the British variant virus, the number of new cases in the UK is approaching 50,000 every day; The number of new deaths in Germany has increased by more than 1,000, reaching a historical high. Germany is considering extending the blockade period; France added 21,228 confirmed cases in a single day; There are more than 21,000 confirmed cases in a single day in France. The French government, for fear of dragging down the medical system, announced a national curfew from Saturday. European Central Bank President Lagarde spoke earlier. It is believed that this year's prospects are optimistic, the epidemic situation will be gradually controlled due to the vaccination plan, and the blockade measures can be lifted from the second quarter of this year. It is predicted that the economic growth of Yuanqu in 2021 will be 3.9%. Influenced by the speech, the three major European stock markets made a comprehensive success yesterday. The German DAX index rose by 0.35%; French CAC index rose by 0.33%; Britain's FTSE 100 Index trailed by 0.84%. In addition, due to the impact of the epidemic, the British city closure measures have dealt a great blow to the economy. In addition, after the Brexit, the UK has directly competed with the Eurozone. The negative interest rate policy of the European Central Bank will put pressure on the UK interest rate policy. Earlier, the President of the Bank of England said in his speech when discussing the interest rate policy. We should consider the bank's bearing capacity and keep cooperating with the bank in research. It is widely estimated that the Bank of England will have the opportunity to reduce the current 0.1% official interest rate to below zero when the interest rate is decided in May this year, and the British pound is soft against the US dollar. Yesterday, US President-elect Biden announced a stimulus plan of 2 trillion US dollars. It is reported that this plan will be divided into two accompanying parts; Among them, $350 billion is local aid, and another $160 billion is vaccine and testing expenses. Yesterday, the chairman of the U.S. Federal Reserve Board, Bowie, also spoke. He said that he would not withdraw from the market in the short term, and reiterated that he would not raise interest rates in the short term before the US economy reached its inflation and employment targets. Influenced by Powell's dovish remarks, the US dollar exchange rate immediately softened. In terms of US data, the number of people who applied for unemployment benefits for the first time in the United States last week was 965,000, which was worse than the expected 795,000. After the data was released, the price of gold was stimulated to rise to $1,858 per ounce, but the market worried that the huge stimulus plan would push the interest rate of US Treasury bonds and limit the price of gold from rising yesterday, and finally closed at $1,846 per ounce, with a slight increase of $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

2021-01-14

January 14 th Today's volatility range: The strength of the US dollar completely dominates the rise and fall of gold price, which has found support near the current price since last Friday's sharp fall. It is expected to still fluctuate today, and the suggested volatility is between 1835 and 1858 US dollars. European Central Bank President Lagarde spoke for the first time this year, referring to the current situation and prospects of the Eurozone economy. She said that although the COVID-19 epidemic is still severe at the present stage and vaccine distribution is still difficult at the early stage, it is expected that there will still be enough vaccines to be used in the future. Lagarde added, Some uncertainties that plagued the global economy last year have been eliminated, such as Brexit, US election, vaccine approval, etc. She believes that the prospects this year are more optimistic, assuming that the epidemic situation is gradually controlled, most European countries will be able to lift the blockade measures before the end of the first quarter of this year. It is predicted that the economic growth of Yuanqu in 2021 will be 3.9%, which is more optimistic than the forecast of 3.6% in the economic report issued by the World Bank earlier. Driven by remarks, the two major stock markets in the Eurozone reported success yesterday, and the German DAX index rose by 0.11%; French CAC index rose by 0.21%; Britain's FTSE 100 index fell by 0.13%. The US House of Representatives passed the impeachment bill against President Trump due to the Capitol Hill incident. Trump was accused of abusing his power in December 2019 and pressured Ukrainian President Zelenski to investigate the Democratic presidential candidate Biden and his son. It was the first time that he was impeached. Trump has a high-profile personality and likes to make a name for himself. This time, he is regarded as seeking benevolence and becoming the first president to be impeached twice in American history. House Speaker Pelosi criticized Trump for inciting rebellion, which obviously posed an immediate danger to the United States and must be impeached, obviously putting pressure on the Republican Party. Ten Republican congressmen defected and supported impeachment, but there were also opposition voices in the Republican Party, saying that Trump had agreed to transfer power to President-elect Biden. The present stage is a good time to show peace and unity of the country, and Senate Republican leader McConnell has indicated that he will not use emergency power to review the impeachment bill submitted by the House of Representatives this week, that is, the Senate will not resume its session until January 19th, which means that Trump has little chance of being removed from office by Congress before the end of his term. Having said that, yesterday, new york Mayor Bill de Blasio announced that new york would terminate all contracts with Trump's group on the grounds of "criminal activities", and Trump would lose more than 10 million profits every year, which became an alternative punishment. In terms of US data, the US core consumer price index increased by 0.1% last month in line with expectations. The decrease of 3.25 million barrels of crude oil inventories in the United States last week was better than expected. The new york stock market performed repeatedly yesterday, and investors had no direction. Eventually, the stock market was mixed and the Dow Jones index fell 0.10%; The Standard & Poor's Index rose by 0.23%; Nasdaq index rose 0.43%. Federal Reserve officials spoke again yesterday, The Federal Reserve will not raise interest rates until inflation reaches the 2% set by the Federal Reserve earlier, but investors are still worried about Biden's coming on the stage and even launch a big quantitative easing plan. Yesterday, the US dollar index continued to rise, and the gold market fluctuated yesterday. The trend of the US dollar still dominated the gold, which once made a maximum of 1,863 dollars per ounce. The lowest price dropped to $1842 per ounce, with fluctuation of $21, and finally closed at $1845 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

2021-01-13

Today's volatility range: The strength of the US dollar completely dominates the rise and fall of the gold price, which has found support at the current price since last Friday's sharp fall. It is expected to still fluctuate today, and the suggested volatility is between 1840 and 1867 US dollars. The Governor of the Bank of England spoke yesterday, saying that the policy of low interest rate will be maintained for a long time to come, and the policy of negative interest rate should be considered because of its complexity, so he will keep conducting cooperative research with banks on the issue of negative interest rate. The international credit rating agency Mu Mu still has a negative report on Europe. The major European stock markets reported a decline across the board yesterday, and the German DAX index fell 0.80%; French CAC index fell 0.20%; Britain's FTSE 100 index fell 0.65%. Trump provoked an ant. Since he called on people to take to the streets on January 6, he tried to influence the voting results of American voters. Finally, the demonstration turned into a conflict, resulting in the Capitol Hill incident, and four people died in this riot. After the incident, several White House officials made speeches. To show dissatisfaction with Trump's words and deeds, the Democratic Party of the United States pushed Trump to be impeached and removed from his presidency. The US House of Representatives voted on the bill yesterday, asking Vice President Burns to start the 25th Amendment within 24 hours, and asking the Senate to make the same vote. McConnell, the leader of the Senate Majority Party and Trump's Republican Party friend, said that Trump did make mistakes and should be impeached. Pay attention to Trump's reaction, which is still the president. He responded to the impeachment motion proposed by Democrats in the House of Representatives, and expressed his anger at being impeached. With his extraordinary intelligence and emotional intelligence, will he still have the highest power in the world, causing more trouble for himself or others? Is an unpredictable variable! Officials of the Federal Reserve began to speak one after another, mainly expressing optimism about the economic prospects of the United States, but preventing and controlling the epidemic is still the key, and they are disappointed with the vaccination rate and progress. The Federal Reserve said that the quantitative easing policy was appropriate, In the future, the existing monetary policy will be maintained for a long time, and the scale of short-term debt will not be reduced, so as not to affect the labor market. Officials sent a determination to make the new york stock market rise across the board yesterday, and the Dow Jones index rose by 0.19%; The Standard & Poor's Index rose by 0.04%; Nasdaq index rose 0.28%. The gold price fluctuated yesterday, and the trend of the US dollar still dominated the direction of gold. Yesterday, the gold price kept rising from the early stage, and the highest price was $1,864 per ounce. The remarks made by the Governor of the Bank of England were successfully fermented in the US market, and the gold price was sharply adjusted back, with the lowest price falling to $1,837 per ounce and the fluctuation reaching $27. It finally closed at $1,855 per ounce, up $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

2021-01-12

Today's volatility range: Since last Friday, the price of gold dropped to 1817 US dollars per ounce last day. In addition, Mu Mu's negative rating supported the rise of the US dollar and could no longer shake the price of gold. At this stage, the price of gold seems to find support. It is expected to fluctuate today, with a range of USD 1833 to USD 1852. The SARS-CoV-2 epidemic broke out in Wuhan, China at the end of 2019. After strict regulations and isolation measures, it finally achieved results in June 2020. The epidemic situation in the Mainland has been largely controlled. Although there have been sporadic cases since then, it can also be screened on a large scale., Blockade and travel restrictions were quickly suppressed. However, yesterday, the number of newly confirmed cases of novel coronavirus in the Mainland reached 103, which was the first time in half a year that the number of people broke through 100 again. Among them, there were 82 new local cases in Hebei Province, and there were 77 cases in Shijiazhuang, the provincial capital alone. As Hebei Province is close to Beijing, the authorities of Hebei Province announced yesterday an emergency closure order for Shijiazhuang, the provincial capital, and Xingtai, the southern part, to cut off all external traffic. All citizens are prohibited from leaving the province or going to Beijing unless absolutely necessary. In Europe, SARS-CoV-2 is still rampant, and British medical officials have told the legend that in some parts of London, one in every 20 people is infected with a new disease virus; He also said that according to the number of new pneumonia inpatients in public hospitals in the country, in the next few weeks, It will be the worst day since the outbreak in Britain. The new variant virus in Britain has also spread to Europe such as France and Germany. Because of the stronger transmission of the new variant virus, the number of people infected with new pneumonia in many European countries is also rising. Vaccine supply lags far behind the number of new infections. Affected by the COVID-19 epidemic, investors worried about hitting the economy in Europe. Investors took advantage of the European stock market last week and chose to make a profit yesterday. The European stock market fell across the board yesterday, and the German DAX index fell 0.80%; French CAC index fell 0.78%; Britain's FTSE 100 index fell 1.09%. The house leak coincided with the rain all night. The international credit rating agency Mu Dong published an observation report yesterday, pointing out that due to the weak growth of the euro zone, the outlook for the sovereign credit rating of the euro zone in 2021 was negative, and the euro fell. Yesterday, the US dollar index continued to strengthen, approaching the level of 90.7. US President-elect Biden will be sworn in on January 20th. In his election speech yesterday, Biden mentioned that he would strive to promote a new relief plan, including giving taxpayers a check of $2,000 directly and providing assistance to small businesses. The aid scale mentioned by Biden is unprecedented. The amount will reach more than one trillion dollars. However, because the US stock market has risen for five consecutive trading days in the new year and investors have taken profits, the new york stock market fell across the board yesterday, and the Dow Jones index fell by 0.29%; The Standard & Poor's Index fell 0.63%; Nasdaq index fell 1.25%. Gold price fluctuated greatly yesterday, The fluctuation range was 38 dollars, the worst was 1817 dollars per ounce, and the highest was 1855 dollars per ounce. During the European market, Mu Dong published negative news of European sovereign credit rating, and gold plunged 20 dollars, but the news was immediately digested, and most of it rebounded in the US market, and finally closed at 1845 dollars per ounce. It's down four dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-11

Today's volatility range: The yield of U.S. 10-year treasury bonds rose above 1% this week. The market was worried that weak employment data might affect the monetary policy of the new government. On Friday, gold prices plunged and the US dollar index returned to strength, which was unfavorable for gold in the short term. Today's volatility is expected to be between $1823 and $1851. Last week, the World Bank released the Global Economic Outlook report in January 2021. The report pointed out that due to the global pandemic of the new pneumonia epidemic, the growth of economic activities and income in the past year was suppressed for a long time. However, it seems that the global economy has entered a state of moderate recovery, and the global economy will shrink by 5.2% in 2020 to 4.3%, and it is predicted that the global economy will grow by 4% in 2021. However, the World Bank also warned that the global economic outlook is still uncertain. Once the government fails to effectively curb the spread of the epidemic and implement policies to promote investment, the recovery may be slow and weak. If this happens, the global economic growth may be limited to below 1.6% in 2021. The United States finally confirmed the results of electoral votes in Congress on January 7th, and finally confirmed that Biden won 306 electoral votes, officially declaring himself the next president. On the same day, the results of the Senate election in Georgia were revealed, and the Democratic Party of the United States won two seats. The Democratic Party and the Republican Party have half of the Senate seats at the same time, which means that the Democratic Party of the United States will control the White House and the Senate and House of Representatives in the next four years, remove all political obstacles, and implement the Party's philosophy to govern. While the political situation in the United States has returned to stability, The market expects the new government to launch a larger fiscal stimulus plan, and the US dollar index rebounded from a two-and-a-half-year low to 90 points. The yield of 10-year treasury bonds rose above 1% this week, the highest level since March 2020. In addition, the number of non-agricultural employment in the United States announced on Friday decreased by 140,000 jobs, which was significantly worse than market expectations. The market worried that weak employment data might affect the new government's monetary policy, and gold suffered a liquidation, from Wednesday's new annual high of 1960 US dollars per ounce. Straight to the lowest of $1,828 per ounce, the volatility reached $132 per week, and finally closed at $1,849 per ounce, with a total drop of $49 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

2021-01-08

Today's volatility range: The Biden administration will fully control the White House and the Senate and House of Representatives in the next four years. The market expects the new government to launch a larger fiscal stimulus plan, which was beneficial to the trend of gold prices, but the factor of political stability caused the US dollar to immediately rebound from a low level, resulting in yesterday. The price of gold fell; However, in the long run, Guangfa's currency will bring depreciation, and with the global low interest rate environment, gold will return to light. There are non-agricultural employment data in the United States tonight, and the market volatility may narrow in the early stage and the US market fluctuates. Today's volatility is expected to be between $1900 and $1930. Although yesterday's Capitol Hill incident caused confusion and delayed the confirmation of electoral votes, after the conflict, the Senate and House of Representatives worked all night and finally confirmed that Biden won 306 electoral votes, which exceeded the threshold required for being elected president and won the election as the next president. In addition, regarding the Capitol Hill riots that occurred yesterday, many White House officials made speeches after the conflict, and some Republican leaders and cabinet officials believed that Trump incited supporters to break into Congress, eventually causing four deaths. It is believed that Trump should be impeached and removed from office before January 20th. Trump's performance is like the attitude of not admitting defeat in the investment market. He doesn't know how to stop the erosion when he loses. Instead, he moves out more chips to turn over, but in the end he will only lose more ugly. The results of the Senate election in Georgia were released on the same day. The Democratic Party of the United States won two seats, so that the Democratic Party and the Republican Party have half of the Senate seats at the same time. If there are 50 votes to 50 votes on any issues in the Senate in the future, Vice President-elect Kamala D. Harris will have the right to make a critical vote. This means that the Democratic Party of the United States will control the White House and the Senate and House of Representatives in the next four years, which can remove all political obstacles and implement the Party's philosophy to govern. The political situation returned to stability, and the US dollar rebounded yesterday. The number of people applying for unemployment benefits for the first time in the United States fell back to 787,000 last week. The data was better than expected, driving the three major indexes of the new york stock market to break the historical record and the Dow Jones index rose by 0.69%; The Standard & Poor's Index rose by 1.48%; The Nasdaq index rose by 2.56%. The price of gold rose to $1,928 per ounce early yesterday, but it was reported that Biden and the Democratic Party would control the White House and the Senate and House of Representatives in the next four years. The market expected the new government to launch a larger fiscal stimulus plan, which was beneficial to the price of gold. However, due to the political stability factor, the US dollar immediately rebounded from the low level, and the gold price actually fell, with the worst value reaching US$ 1,907 per ounce and closing at US$ 1,913 per ounce, down by US$ 6. There are non-agricultural employment data in the United States tonight, and the market volatility may narrow in the early stage and the US market fluctuates. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-07

Today's volatility range: Yesterday, the price of gold made up for the high opening gap on New Year's Day, which has been adjusted with sufficient strength. The COVID-19 epidemic has brought about the global long-term quantitative easing and low interest rate policy. The US dollar will continue to be weak, and gold will gradually reflect its value of resisting cash depreciation. Today's volatility is expected to be between 1915 and 1936 dollars. Yesterday, the confirmation procedure of the joint meeting for the results of the general election of the electors in each state presided over by the current Vice President Pence caused a storm. First, Republican lawmakers in Arizona opposed the results of this general election, and the meeting was suspended for two hours. Later, a group of supporters of US President Trump broke into Capitol Hill, during which security officers fired tear gas, and a demonstrator was shot and killed in the chaos, and the whole meeting was forced to stop. Afterwards, Trump tweeted a message calling on his supporters to go home and pay attention to peace. McConnell, the leader of the Senate Majority Party and a party friend of Trump, said that overturning the presidential election results would seriously hurt the image of the United States. The Democratic Party of the United States criticized some congressmen for having less common sense than children. The second round of voting for the Senate election in Georgia began last night to elect two seats, which will determine the control of the Senate in the next two years. Yesterday, Vice President Burns presided over the confirmation process of each state. According to news media reports, The Democratic Party will take two seats. The Democratic Party of the United States will take all two seats, and then the two parties will have 50 votes to 50 votes in the seats, but the US Vice President-elect Kamala D. Harris, who is also a Democrat, will have the right to make a decisive vote. Without the opposition's hindrance, Investors expect that the next US government will put more resources into the measures to relieve the epidemic. Investors continue to be bearish on the US dollar, and the yuan index closed at 89.35 yesterday. In terms of data, the US crude oil inventories decreased by 8 million barrels last week, which was worse than expected; However, the United States announced yesterday the change in the number of non-agricultural employment in the United States, which reduced the market expectation by 123,000. Some scholars pointed out that the weak labor market is due to the failure to control the epidemic situation. Only hope that the vaccine can be popularized as soon as possible, otherwise the US economy will once again fall into the dilemma of last spring. However, after investors took office, Biden's broader policy, Dow Jones index and Standard & Poor's index both reached new highs, up 1.44% and 0.57% respectively; The Nasdaq index fell by 0.61%. Yesterday, the gold price made up for the high opening gap on New Year's Day, from the high level of $1,960 per ounce to the lowest level of $1,900 per ounce. However, the continued weakness of the US dollar made the gold price finally calm down and closed at $1,919 per ounce, down by $31. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat​​​​​​​ [https://t.me/mingtakchat]  

2021-01-06

Today's volatility range: The COVID-19 outbreak has brought about a long-term global policy of quantitative easing and low interest rates, and the US dollar will continue to be weak, while gold will gradually reflect its value of resisting cash depreciation. Tonight, the United States will announce the change of non-farm payrolls in the United States, which is expected to fluctuate between 1945 and 1962 dollars today. Yesterday, the World Bank released the Global Economic Outlook report in January 2021. The report pointed out that due to the global pandemic of pneumonia in COVID-19, a large number of people fell ill and died, and millions of people faced unemployment and financial difficulties. Therefore, the growth of economic activities and income in the past year has been suppressed for a long time. However, it seems that the global economy has entered a state of moderate recovery, and the global economy will shrink by 5.2% in 2020 to 4.3%. The report mentioned that assuming that COVID-19 and pneumonia vaccine can be widely used in this year, it is predicted that the global economy will grow by 4% in 2021; It is estimated that the gross national product of the United States and Europe will increase by 3.5% and 3.6% respectively, while China will take the lead in getting out of the predicament because of early containment of pneumonia. Therefore, the economic performance is the best. It is estimated that China's economy will grow by 7.9% throughout the year, ranking first in the world! However, the World Bank also warned that the global economic outlook is still uncertain. Once the government fails to effectively curb the spread of the epidemic and implement policies to promote investment, The recovery may be slow and weak. If this happens, the global economic growth may be limited to below 1.6% in 2021. World Bank President Malpas said in the report that in addition to overcoming the impact of the epidemic, countries also need to promote the investment cycle. Vigorously improve the business environment, improve the flexibility of labor and product markets, avoid long-term dependence on government debt, and create a sustainable business environment for enterprises. There were more than 60,000 confirmed cases of new pneumonia in Britain yesterday, hitting a new one-day high. British Prime Minister Johnson announced that England was closed again and launched an epidemic assistance fund of about 18 billion US dollars. Britain's FTSE 100 index rose 0.6%, Germany's DAX index and France's CAC index fell 0.6% and 0.4% respectively. The United States announced the institute for supply management Manufacturing Purchasing Managers Index yesterday. The data performance was significantly better than expected, driving the new york stock market to rise across the board, and the Dow Jones index rose by 0.55%; The Standard & Poor's Index rose by 0.73%; Nasdaq index rose 0.95%. The second round of voting for the Senate election in Georgia began last night, and these two seats will determine the control of the Senate in the next two years. According to the polls, the support of the candidates sent by the Republican Party and the Democratic Party is very close, and the results are expected to be announced tonight. If the Democratic Party of the United States wants to regain control of the Senate, it must have two seats. At that time, the two parties will have 50 votes to 50 votes in the seats, but the US Vice President-elect Kamala D. Harris, who is also a Democrat, will have the right to make a decisive vote. Without the opposition's hindrance, Investors expect the next U.S. government to be more tolerant of the policy of increasing volume and belittle the previous situation of the US dollar, which once again fell below the 89.5 level yesterday. The gold price was adjusted back to 1934 US dollars per ounce early yesterday, but the continued weakness of the US dollar made the gold price turn to rise, reaching the highest value of 1953 US dollars per ounce. It closed at $1950 per ounce, up $8. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2021-01-05

今日波幅區間: 得力於美元持續弱勢，金市新年首個交易日高收，昨日大幅上升了45美元，預計今日有機會回調，而市場仍在等待延遲了的美國非農數，預料今日今日波幅1929至1948美元之間。 英國再有58784宗新型肺炎確診個案，再創單日新高，已是連續第七天錄得超過5萬宗病例。英國首相約翰遜昨日在電視上發表講話，說由於變種新型冠狀病毒的傳染力更強， 且正在英國各地迅速傳播，按照現時感染速度，國內醫療系統將在月底前不勝負荷，指正在考慮採用更嚴厲的第五級封鎖措施；詳情將於今日下午時發表。 英國在昨日開始為民眾接種阿斯利康藥廠與牛津大學共同研發的新型冠狀病毒疫苗，但由於疫苗供應量不可能在短時間提升，英國首相約翰遜安慰國民指數千萬疫苗將在三月底前獲分配。 受疫情打擊，英鎊兌美元下跌。 昨天，英國及德國昨天同日發表製造業採購經理人指數，兩者皆表示製造業仍在擴充之中，英國發佈的製造業數據更錄得比預期好，提振了投資情緒，歐洲股市在今年首個交易日全綫上升， 德國DAX指數升0.06%；法國CAC指數升0.68%；英國富時100指數升1.72%。紐約股市昨日開市承接歐洲股市牛氣，道瓊斯指數及標準普爾指數都曾在交易時段內創新高，但之後獲利盤湧現， 加上美國總統交接問題，及投資者恐懼一旦美國民主黨完全控制參眾兩議院，在政治取態上更傾向民粹，政策上可能不利商業機構，股市轉升為跌，道瓊斯指數跌1.25%； 標準普爾指數跌1.48%；納斯達克指數跌1.47%。美元指數受歐元經濟數據理想帶動下回落，一度跌至89.42的兩年半低位，其後反彈至89.86以上水平。金價隨美元回軟而大幅上漲， 最高見每盎司1944美元，收市報每盎司1942美元，比對上年最後一個交易日上升了45美元。比特幣昨日大幅波動，並曾一度跌穿3萬美元水平，但隨即升回每枚3.2萬美元，並於該水平附近報收。    如欲了解詳細分析及操作建議，歡迎CLICK以下連結入群及向管理員查詢 https://t.me/mingtakchat 【服務內容】 －每月技術分析教學講座 －黃金新手入門攻略 －whatsapp免費會員交流群組 －收費行情指導群組 －即市策略指導 －數據提示及分析 －每日市況分析及評論 官方網站：www.wemadewealth.com [http://www.wemadewealth.com] 諮詢請INBOX或聯繫WhatsApp：54454098 WhatsApp Link：https://api.whatsapp.com/send?phone=85254454098

2021-01-04

Today's volatility range: At the end of the holiday, it is expected that the US dollar will remain weak in the short term. Last trading day, the price of gold repeatedly hit the resistance of US$ 190, and it is expected to break through the resistance zone today, with the fluctuation ranging from US$ 1906 to US$ 1922 today. Entering 2021, I wish readers a new year's progress, and investment will increase with interest! If we insist on summing up 2020 in two words, we can say: "Virus. First, push the time back to December 2019. A new virus that can cause severe infectious pneumonia was first discovered in Wuhan, Hubei Province, China, and the city was closed immediately in China. Unfortunately, there are still people infected with the virus who left Wuhan before closing the city, and quickly spread to many countries around the world in early 2020. Gradually turned into a global catastrophe. Under the threat of death, the global government was helpless. The world economy almost stopped at the beginning of 2020, which triggered a global stock market crash. The US stock market was blown off many times. On April 20, 2020, The US crude oil futures market keeps falling, and drops to a record low of $37.63 per barrel, shaking the investment community! According to a report released by the Asian Development Bank in early May, due to the epidemic situation in novel coronavirus, The global economic loss is as high as 8.8 trillion US dollars, which is close to one tenth of the global GDP! In order to save the economy, the global central banks implemented quantitative easing, issued bonds and printed money. By the end of 2020, the United States, the European Union, the United Kingdom and Japan, among the five largest economies in the world, had issued additional currencies worth 22 trillion US dollars. What is the concept of 22 trillion US dollars? That is, it is almost equivalent to the economic benefits of the United States for one year. In addition to quantitative easing, central banks of various countries have also cut interest rates one after another. The Federal Bank of the United States has lowered the fund interest rate to 0-0.25%, while the European Union has joined the negative interest rate club. With low interest rates and depreciation of cash, all kinds of assets are rising, and the European and American stock markets still hit a record high in 2020 without economic recovery and unsatisfactory employment situation. On the other hand, gold also broke the record high in 2011 in August last year. Innovation to $2,075 per ounce; Bitcoin, another emerging investment tool, has also reached a new high, approaching $30,000 per piece at the end of 2020, and rose to a maximum of $34,800 per piece yesterday, with a staggering increase! However, the US president is about to change his term, and Janet Yellen is a dove. It is expected that the US dollar will continue to be soft, and the current quantitative easing policy will lead to inflation. The Federal Reserve has also announced in advance that the low interest rate policy will not end before 2023. If the policy is further relaxed, The value of cash will only be lower, and the monetary policies of various countries are led by the United States. Under the flooding, investors will bet everywhere to avoid the cash they hold being eroded by inflation. Looking forward to 2021 is still a great opportunity for investment. For detailed analysis and operational suggestions, please CLICK the following link to join the group and ask the administrator for https://t.me/mingtakchat