Gold market analysis

2020-12-31

Today's volatility range: There is a strong holiday sentiment in the market. It is expected that the short-term US dollar trend will dominate the gold trend. Yesterday, the US dollar continued to decline, causing the gold price to rise. The gold price has risen above the early proposal and is expected to challenge the resistance of 1900. Today, the volatility is between 1885 and 1905 US dollars. 2020 is coming to an end, so I wish you all progress in the New Year! Looking back on this year, too many unpleasant things happened, but strange things happened every day. I heard an interesting story yesterday, but after listening to it, I was cold behind me; It is hard to imagine that in Hong Kong, once known as the freest shopping mall, Unexpectedly, it made a big joke, that is, when Party A sells the property with Party B, it must obtain the consent of Party C without any role in advance! Is Party C provoked by survey professionals who are proficient in language arts? Or intentionally cut leeks? Not clear! But as soon as the precedent is set, It will definitely damage the image of Hong Kong. In the future, will foreign investors have the confidence to invest in Hong Kong? As for the government departments that fully cooperate with each other, they sincerely believe that the rules are like this, and they only act according to the rules. Before that, similar cases did not make the same requirements, which was a mistake. It's hard to say! However, they have stifled the long-standing system left by the British Government, and the whole people of Hong Kong will find the price in exchange. The Brexit negotiations finally won the agreement between the two sides on Christmas Day, and a bill was drafted. The process was smooth and efficient. European Commission President Ursula von der Leyen and European Council President Michel signed an agreement earlier in Brussels, the EU headquarters. It was handed over to British Prime Minister Johnson for signature, and Johnson immediately signed it and submitted it to the House of Commons of the British Parliament for voting. The House of Commons also approved the agreement by a large majority, and the agreement will be sent to the House of Lords for voting. It is expected that it will also be passed and become law on the same day. The agreement will take effect temporarily from New Year's Day and will not take effect permanently until it is passed by the European Parliament early next year. Although the barriers to Brexit were cleared, the major European stock markets fell across the board yesterday, investors took profits and lost pounds before the New Year, and the German DAX index fell 0.31%; French CAC index fell 0.22%; Britain's FTSE index fell 0.71%. The second bail-out bill of the United States is divided again. Although US President Trump has signed the bill and requested that the cash cheque for helping citizens be raised from $600 to $2,000, it is rare for the hostile US House of Representatives to pass support for Trump's request. Instead, the Senate, controlled by the Republican Party, rejected the request. McConnell, the majority leader of the Senate and a party friend of Trump, has rejected the proposal of minority leader Schumer to vote on the $2,000 check. McConnell said, It is impossible for the bill issued by the US House of Representatives to issue a check for US$ 2,000 to be passed quickly in the Senate. However, investors expect that the United States will introduce more fiscal stimulus measures after Biden's entry. The new york stock market has risen across the board, and the Dow Jones index has risen by 0.13%; The Standard & Poor's 500 Index rose by 0.24%; Nasdaq index rose 0.15%. The US dollar fell against many foreign currencies yesterday, hitting a new low against Euro, New Zealand dollar and Australian dollar in more than two years. The US dollar index reported 89.63 points yesterday, supporting the upward trend of gold. The lowest price of gold yesterday was 1876 US dollars per ounce. It closed at yesterday's high of $1,894 per ounce, up $16. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2020-12-30

Today's volatility range: There is a strong holiday sentiment in the market. It is expected that the short-term trend of US dollar will dominate the trend of gold, and it is suggested to maintain the fluctuation of gold price yesterday, that is, to hover between 1870 and 1890 US dollars. Since the outbreak of the variant virus in Britain last week, the COVID-19 epidemic in Britain has been deteriorating. Yesterday, more than 53,000 infected cases were recorded, breaking a record high. The British government is considering implementing stricter control measures throughout the country. In order to slow down the number of infections, on the other hand, we hope to speed up the number of vaccinations and wrestle with time. Although many countries have rejected British flights, virus variants are still spreading, and new variants of viruses have been found in Canada. Japan, the United States and many European countries including Spain, Switzerland, Sweden and France have confirmed cases. The Brexit negotiations finally won the agreement between the two sides on Christmas Day and drafted a bill. Before the provisions of the draft were formally passed into law by both parties, both parties agreed to temporarily implement the provisions of the agreement on New Year's Day to avoid confusion or disputes. Some experts commented on the draft, saying that the agreement will have a certain impact on the British economy. Especially in the financial services industry, enterprises in EU countries have the opportunity to return to their home countries for listing, which makes the UK's economic growth discount; For the EU, orderly Brexit only avoids the damage to Britain, the largest business partnership in Europe. It will compete with Britain in all aspects in the future, and the future is still uncertain. Major European stock markets developed individually yesterday. After the British stock holiday, the news of the successful Brexit was replenished, and the UK FTSE index rose by 1.6%; The French CAC index continued to rise by 0.42%; Germany's DAX index retreated 0.21%. The first case of novel coronavirus variant appeared in Colorado, USA. Local health officials said that they would now require immigrants from Britain to show negative proof of virus test 72 hours ago, and extend it to other countries and regions. US President-elect Biden, Criticizing President Trump's work on vaccinating nationals against COVID-19, he criticized that at the current vaccination speed, it may take several years to vaccinate all nationals. He said that after taking the oath of office, he would use the national defense production law. Instruct private enterprises to increase vaccine production in COVID-19. The "US$ 900 billion second bail-out bill" made some progress, because US President Trang threatened to raise the cash cheque for helping citizens from US$ 600 to US$ 2,000. The U.S. House of Representatives has passed the aid check bill, which has been increased to $2,000, while McConnell, the leader of the Republican Party in the Senate, has called on his party members to support the new aid check bill. However, some Members still use the excuse that they are worried that the rich can get the check, and they will not make a statement for the time being. The new york stock market retreated across the board, and the Dow Jones index and Nasdaq index both fell 0.22%; The Standard & Poor's 500 Index fell by 0.38%. The euro hit a new high since April 2018 yesterday, and the US dollar index once again fell below 90 points, reaching a minimum of 89.85 points, supporting the upward trend of gold. Gold rose to $1,886 per ounce, the lowest dropped to $1,872 per ounce, and finally closed at $1,878 per ounce, up $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

2020-12-29

Today's volatility range: Tong Trang suddenly signed the second bail-out bill, which was beneficial to the gold price, but the risk market warmed up, and the European and American stock markets were excited, which reduced the safe-haven demand for gold. It is expected that the short-term dollar trend will dominate the gold trend, but the holiday sentiment is strong. Gold prices are expected to hover between 1870 and 1890 dollars. Last week, two strains of COVID-19 pneumonia variant virus were discovered in Britain. The transmission power of the first found British variant increased by 70%, while the second found COVID-19 pneumonia virus, according to media reports, was imported from South Africa, and its transmission power was stronger! The World Health Organization (WHO) announced that the variant virus first discovered in Britain has been confirmed in Canada, Japan and many European countries including Spain, Switzerland, Sweden and France. The COVID-19 epidemic in Britain is getting worse. Yesterday, more than 41,000 cases of infection were recorded, breaking a new record. It is said that Britain will grant AstraZeneca the emergency right to use the vaccine, hoping to shorten the waiting time for injection. After a long negotiation process, The Brexit negotiations between Britain and the European Union finally won the agreement between the two sides on Christmas Day, and a bill has been drafted. It is learned that the documents jointly drafted by representatives of both sides will be submitted to the House of Commons for deliberation and voting before the end of the year to make the provisions into law. In principle, the ambassadors of 27 EU countries unanimously agreed to approve the temporary EU-UK Brexit trade agreement. However, due to the need for more time to properly review the agreement, they said that they would make a ruling before March next year, but they agreed that the agreement would be temporarily implemented on New Year's Day. There is media panic that the EU has a plot for a long time; However, in fact, Britain and Europe have already reached an interim agreement, but the difference is only a procedural issue, and there are not many variables. In terms of the content of the agreement, it can be seen that the British side has made the greatest forbearance, and the COVID-19 epidemic in Britain is getting worse and worse. The euro rose against the pound. The two major stock markets in the Eurozone rose, and the German DAX index rose by 1.49% and hit a record high; French CAC index rose by 1.2%; British stock market holiday. The "US$ 900 billion second bail-out bill" can be described as twists and turns. Due to factional political struggles, The release date of the original bill has been continuously delayed from August 4th, and the House of Representatives and Senate finally reached an agreement last Sunday. However, US President Trump threatened at an early date unless the bill can be scaled up and the cash cheque for helping citizens will be raised from $600 to $2,000. Otherwise refuse to sign; However, yesterday, he kept his wandering image and suddenly finished signing the bail-out bill. It was reported that the US House of Representatives had passed the aid check bill which was increased to $2,000, but the Senate controlled by the Party might finally agree with it. But investors can't wait to chase risky assets. New york stock market is bullish, the three major indexes all hit new highs during trading hours, and the Dow Jones index rose 0.68%; The Standard & Poor's 500 Index rose by 0.87%; Nasdaq index, Nasdaq rose 0.74%. The US dollar fell in the early part of yesterday, and the US dollar index once again fell below the 90-point mark since December 18. However, since the beginning of the European market, the British bad epidemic caused the pound to fall sharply against the US dollar, and the US dollar index rebounded. In addition, investors chased risky assets, and the European and American stock markets were now excited and the demand for safe haven cooled down. When the price of gold rose to $1,900 per ounce, it was difficult to cross the line. It turned around and fell, with the lowest price falling to $1,871 per ounce, and finally closed at $1,873 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

2020-12-28

Today's volatility range: Britain successfully left the European Union. Although the second bail-out bill is blocked, it is expected to be approved in the end. Yellen, the US Treasury Secretary-elect, 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. If the policy is increased again, it will be more beneficial for gold to exert its ability of expanding cash and depreciating. It is expected that the gold price will fluctuate upward today, with the main volatility between 1884 and 1906 US dollars. Last week, two strains of COVID-19 pneumonia variant virus were discovered in Britain. The transmission power of the first found British variant increased by 70%, while the second found COVID-19 pneumonia virus, according to media reports, was imported from South Africa, and its transmission power was stronger! The COVID-19 epidemic in Britain is worsening. Last week, Britain recorded a new record of more than 30,000 people infected every day. Xia Guoxian, Minister of Viral Health, described the virus as out of control. But he added that there is no evidence that the new variant virus is more deadly. Or have different reactions to the developed vaccine, Britain has informed the World Health Organization of the situation of the variant virus. The virus base on that new variant is accelerating and spread widely in London, the capital, the surrounding area and southeast England, On Thursday, British Prime Minister Johnson extended the fourth-level epidemic prevention measures from London to more regions in England, and implemented stricter fourth-level epidemic prevention measures, hoping to stop the virus from spreading more widely. After a long negotiation process, the Brexit negotiations between Britain and the European Union finally won the agreement between the two sides on Christmas Day. The British side made the greatest tolerance on the most difficult fish catch issue, and the British side took back the control of the waters near the UK. However, EU ships are still allowed to enter the sea area 6 to 12 nautical miles away from the UK for fishing, but the fish yield handed in by EU ships is reduced from the initial 80% to 25%, and the time limit is extended from 3 years to 5.5 years. British Prime Minister Johnson: "I believe this is a good agreement for the whole of Europe. He described the agreement as a confirmation that Britain would regain control of its autonomy and enable the economy to recover from the new outbreak. Ursula von der Leyen, President of the European Commission, said, "This is a fair and balanced agreement, and both sides are responsible and have done the right thing. 」 The "US$ 900 billion second bail-out bill" can be described as twists and turns. Due to factional political struggles, the release date of the original bill was continuously delayed from August 4, and finally the House of Representatives and the Senate reached an agreement last Sunday. However, US President Trump threatened yesterday to refuse to sign the bill unless the bill can be scaled up and the cash cheque for helping citizens will be raised from $600 to $2,000. In terms of data, except for the third quarter GDP growth of 33.4%, which was the highest quarterly growth since records were broken, the data released by the United States last week were biased towards poor performance, with orders for core durable goods and housing sales falling. However, the number of people applying for unemployment benefits for the first time in the United States declined after two weeks' growth last week, but it was still higher than 800,000, reflecting the unsatisfactory employment data. The US dollar is under pressure, and Britain's successful Brexit has strengthened the British pound and the euro against the US dollar. The US dollar index rebounded from the two-and-a-half-year low of 89.96 points last week and swam below 90 points, temporarily reporting 90.29 points. Last Monday, the price of gold fluctuated greatly, reaching the highest value of $1,907 per ounce, and immediately dropped sharply to $1,855 per ounce, and then fluctuated upward. Finally, it closed at $1,880 per ounce, a slight decrease of $1 from last 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

2020-12-24

Today's volatility range: The second bail-out bill reappears, the Brexit agreement seems to have been reached, and the US dollar index has been set at 90.5. The current quantitative easing policy will lead to inflation, which is beneficial for gold to exert its ability to resist depreciation. Gold prices are expected to fluctuate today, The main volatility is between 1864 and 1882 dollars. The Hong Kong Health Bureau announced that two people who arrived from Britain were found to be infected with COVID-19 pneumonia, and the virus was suspected to be a new variant of the British virus. The Hong Kong Government immediately extended the compulsory period of picking up the epidemic from Britain to no less than 28 days. On the other hand, the Chief Executive, Carrie Lam, announced yesterday that he would authorize the Health Bureau to approve the emergency right to use vaccines, and once again shook up the public's misunderstanding about the choice of which vaccines to inject, saying what time and circumstances were different, Different places ... and so on; In a word, all people misunderstood her short version by the media or the citizens themselves! The second variant of COVID-19 pneumonia virus reappeared in Britain. According to media reports, this variant virus was introduced from South Africa, which is more infectious! The COVID-19 epidemic in Britain is worsening, with more than 39,000 people infected yesterday. The variant virus in South Africa is no different from worsening the health of the British people and the future economy. Britain has extended the fourth-level epidemic prevention measures to more areas in England, hoping to stop the virus from spreading more widely. Britain's transition period from Brexit is just around the corner. According to EU sources, British Prime Minister Johnson is willing to reduce the catch from 35% to 25%, and extend the period from 3 years to 5.5 years. Frost, the chief representative of the Brexit negotiations in Britain, and Banier, the chief representative of the European Union, are still finalizing the contents of the Brexit agreement. It is reported that the agreement is likely to be completed within days, so that Britain can pass the Brexit agreement in Congress before this year. The news stimulated the pound to rise against the US dollar, and also caused major European stock markets to rise across the board yesterday. The German DAX index rose by 1.26%; French CAC index rose by 1.11%; The FTSE 100 Index rose 0.66%. The "US$ 900 billion second bail-out bill" can be described as twists and turns. Due to factional political struggles, the release date of the original bill was continuously delayed from August 4, and finally the House of Representatives and the Senate reached an agreement last Sunday. However, US President Trump threatened yesterday to refuse to sign the bill unless the bill can be scaled up and the cash cheque for helping citizens will be raised from $600 to $2,000. Pelosi, Speaker of the House of Representatives, immediately said, The House of Representatives plans to vote on the bill on Thursday, replacing the $600 stimulus check in the bail-out bill passed this week with $2,000, and beating a snake with a stick, saying that McConnell's opinion is indispensable if the House of Representatives can pass it unanimously. Put pressure on Trump's party friends. In terms of data, the United States announced that the number of people applying for unemployment benefits for the first time last week was 803,000, which was better than expected. It also fell for the first time in three weeks, but personal income and expenditure were also decreasing. As for the sales volume of 841,000 new houses, it is also worse than expected. The new york stock market developed individually yesterday, and the Dow Jones index rose 0.38%; The Standard & Poor's 500 Index rose by 0.07%; After breaking the record high, NASDAQ index became unsustainable and fell 0.29%. The price of gold fluctuated greatly during the opening hours of the US market. Before the employment data was released, the price of gold first fell to $1,857 per ounce. However, the news of the Brexit agreement made the pound and the euro rise against the US dollar, and the price of gold slowly climbed to yesterday's high of $1,878 per ounce. It finally closed at $1,873 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

2020-12-23

Today's volatility range: The virus is now mutated in Britain, and the capital flows to the US dollar to avoid risks. The rising trend of the US dollar index has been set at 90.5. The President-elect has hinted that the direction of quantitative easing policy will be expanded to benefit the gold price. Today's major volatility is expected to be between $1858 and $1878. Britain was surprised to see the COVID-19 pneumonia variant virus strain, and the epidemic situation worsened. More than 36,000 people were infected yesterday. The United Kingdom has extended the Level 4 epidemic prevention measures to more areas in England, while Scotland has fully implemented the Level 4 epidemic prevention measures. Britain's transition period from Brexit is just around the corner, which may be threatened by the epidemic. She is eager to solve the Brexit problem and leave her energy to deal with the runaway epidemic. British Prime Minister Johnson once again spoke with European Commission President Ursula von der Leyen. It is said that concessions can be made on the catch, and the proposed tax rate will be reduced from 60% to 30%. However, the EU has refused and said that it only accepts 25% of the tax rate. German biotechnology said that the vaccine is still effective against variant viruses, and major European stock markets rebounded comprehensively yesterday. The German DAX index rose by 1.44%; French CAC index rose by 1.36%; The FTSE 100 Index rose 0.57%. The euro and the pound against the US dollar also fell sharply yesterday. The pound against the US dollar once fell by more than 1%, and the market closed down to about 0.5%. US President-elect Biden made a speech on the epidemic situation and economy. He described the COVID-19 epidemic in the United States as the darkest moment before Leon Lai Ming, and would consider invoking the national defense production law to increase vaccine production, so that more people could be vaccinated faster. Regarding the economy, Biden said that the current economic rescue bill is the result of cross-party cooperation, but it is far from perfect. The United States needs more funds to fight the COVID-19 epidemic and needs to extend relief measures. And promised that his COVID-19 rescue plan would include cheques for direct payment. His remarks imply that quantitative easing will be expanded. However, distant water can't save the near fire. Investors are worried that the mutant virus will hit the US economy again. In addition, the economic data released yesterday is unfavorable to the stock market. The American Consulting Association's consumer confidence index survey recorded 88.6 points worse than expected. Last month, the sales volume of finished homes in the United States fell for the first time in nearly four months, which was unfavorable to the stock market. The new york stock market developed individually, and the Dow Jones index fell by 0.67%; The Standard & Poor's 500 Index fell 0.21%; News of research and development of trams in Apple's public market supported Nasdaq index, with Nasdaq rising 0.51%. The US dollar continued to strengthen yesterday, and the US$ 900 billion bailout bill was digested. The European variant virus put investors' funds in the US dollar to hedge. The US dollar index rose to 90.6 points, and gold was under pressure again. The price of gold opened higher during the Asian market, reaching a maximum of 1884 US dollars per ounce. When entering the European market, it turned down, and even fell to $1858 per ounce in the US market, and finally closed at $1860 per ounce, down $16.   For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/mingtakchat

2020-12-22

Today's volatility range: The virus is now mutated in Britain, and the funds flow to the US dollar to avoid risks. The US dollar index bounced to the level of 91 points, causing panic. Unstable factors were beneficial to the price of gold, but the price of gold fell to $1855 yesterday, which may have oversold and corrected immediately. The long-awaited epidemic assistance program has been passed, and inflation will always lift gold, which will still benefit. Today's major volatility is expected to be between $1870 and $1890. Britain was surprised to see the COVID-19 pneumonia variant virus strain. Xia Guoxian, Minister of Health, described it as out of control, because the spread rate of the variant virus increased by 70%. But he added that there is no evidence that the new variant virus is more deadly. Or have different reactions to the developed vaccine, Britain has informed the World Health Organization of the situation of the variant virus. The virus base on that new variant is accelerating and spread widely in London, the capital, the surrounding area and southeast England, British Prime Minister Johnson announced that London and other places will implement stricter Level IV epidemic prevention measures, and residents should strictly ban their feet, that is, they must stay at home to fight the epidemic. Many countries in the world, including Hong Kong, have banned British flights from entering the country in response to the menacing variant virus in Britain. In Europe, many countries have not only started to impose travel bans on Britain, but also announced an emergency stop of flights to and from Britain. The Eurostar high-speed train connecting Britain and Europe will also be shut down. France, as the country with the largest number of COVID-19 patients in Europe, immediately stopped its port transportation to Britain. Britain is facing a total blockade by land, sea and air, and people are also worried about food supply. It's as if you've gone out and snapped up. What is even more frustrating is that WHO officials say that new variants of the virus have also been found in Australia, Denmark and the Netherlands. The European Union urgently passed Pfizer vaccine and hoped to vaccinate high-risk people as soon as possible. Yesterday, the variant virus launched an attack on European investment products. Investors worried that the epidemic would hit the European economy again. The major European stock markets fell across the board yesterday, and the German DAX index fell 2.83%; The French CAC index fell 2.43%; Britain's FTSE 100 index fell by 1.73%, and fell to its lowest level this month. The euro and sterling also fell sharply against the US dollar yesterday. Individual development of the new york stock market, the Federal Reserve allowed banks to resume dividend policy and cancel the restrictions on bank repurchase of shares, which stimulated the financial stocks to rise sharply. In addition, the sports brand Nike performed well, and the Dow Jones index rose by 0.12%; The Standard & Poor's 500 Index fell 0.39%; Nasdaq index fell 0.1. Gold should have benefited from the $900 billion second-largest economic rescue bill in American history, which rose to the highest of $1,907 per ounce. The virus is now mutated in Britain, and funds flow to the US dollar to hedge. The US dollar index rebounded yesterday. And quickly returned to the 91-point level, causing panic. The price of gold dropped sharply to $1,855 per ounce, with a high and low volatility of $52, then rebounded sharply from the low level to around $1,870, and finally closed at $1,876 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

2020-12-21

Today's volatility range: The Brexit negotiations are now blocked, which increases the risk aversion. Last week, the US dollar hit a two-and-a-half-year low, which stimulated the gold price. The long-awaited US epidemic assistance program has reached an agreement, the US dollar will continue to weaken, and the gold price will benefit again. Today's major volatility is expected to be between $1870 and $1900. I don't know if you all share the same feeling. During the time when the economy was depressed due to the pneumonia pandemic, the daily expenditure on living has not decreased, but has increased. The housing problem in Hong Kong is more complicated. But no one should say that house prices or rents are cheap in Hong Kong, right? In fact, according to the latest announcement of the Census and Statistics Department, except for clothes and shoes, excluding various government stickers, the general consumer price still increased by 0.2% over the previous year; The Hong Kong General Chamber of Commerce predicts that the inflation rate will be 0.3% this year, and the Chamber of Commerce also predicts that the unemployment rate will rise to 7% by the end of this year, which will force the SARS period in 2003. It can be said that the rising number of people will add to the burden! Hong Kong is a typical export-oriented economy, It is vulnerable to external factors. Recently, the US dollar has been falling, and the US dollar is pegged to the US dollar, which makes Hong Kong prone to import inflation. Last week, many countries released interest rate decision results, including Britain, the United States, Japan and Switzerland. Australia and the European Central Bank announced that interest rates would remain unchanged as early as one week. Apart from the agreement on interest rates, central banks all issued a message at the same time. That is, pay close attention to the economic trend, and increase the scale of purchasing government bonds when necessary, that is, increase the quantitative easing policy. What is hateful is that Hong Kong cannot print more silver paper to stimulate the economy like other countries. However, Hong Kong's export figures based on "Made in China" are expected to go from bad to worse, and it can only bear the consequences of the depreciation of the Hong Kong dollar. The global epidemic has hit the national economy, and many countries have printed silver paper to try to solve the difficulties. According to statistics, the four central banks, Including the U.S. Federal Reserve, the Bank of England, the Bank of Japan and the European Central Bank, have invested 5.6 trillion U.S. dollars in quantitative easing this year. This figure does not include a mysterious country, because its policies are relatively opaque. Therefore, the figures cannot be said for the time being, but it is expected that the quantity and breadth will not be lower than the average value of these four countries. Under the effect of global currency depreciation, investors can't just watch the capital be eroded by inflation. Therefore, the leading economies of stock markets in many countries have not returned to the level before the epidemic, while the US stock market is stronger, and the three major indexes have reached a record high during the epidemic. And gold is not far behind, and it hit a record high of $2,075 per ounce in August this year. Looking back briefly on last week's Brexit agreement, the negotiations between the two sides have stalled because of fishing. British Prime Minister Johnson said that as long as there is a chance to reach a trade agreement, The British side will continue to negotiate, but the British side must first ensure the right to fish in the sea area. Banier, the chief negotiator of the European Union, said that there is little time left for negotiations between Britain and Europe, and there is limited room for negotiations. The EU may retaliate by restricting British fish products from entering the European market. The epidemic situation has continued to deteriorate, and the virus has mutated, and its infectivity has increased by 70%. The UK recorded a daily high of 36,000 people infected with the virus. The mayor of London described it as the worst year in World War II. The United States has also hit a single-day high of more than 260,000 infection cases for two consecutive days. The only good news is that the House of Representatives and the Senate issued a joint statement on Sunday local time in the United States. He said that the first $900 billion epidemic stimulus bill has reached an agreement with each other, and the largest economic relief bill in American history will be reviewed and passed as soon as possible. Last week, the US dollar hit a two-and-a-half-year low, which stimulated the gold price. The gold price finally closed at 1881 US dollars per ounce. Up 42 dollars from last 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

2020-12-18

Today's volatility range: The Brexit negotiations were blocked, which increased the risk aversion. However, the US dollar was weak, investors chased gold, and the market hoped that the epidemic assistance program would soon be passed. The gold price rose by 21 dollars again yesterday, and this week it has accumulated an increase of 47 dollars. There may be a correction today, and the main volatility is expected to be between 1875 and 1888 US dollars today. Yesterday, two non-Euro currency countries in Europe announced the results of interest rate decision. The Swiss National Bank maintained a negative interest rate policy, and the interest rate remained unchanged at negative 0.75%, which was in line with market expectations. The Swiss National Bank continues to implement the global minimum interest rate monetary policy; In this regard, the United States listed Switzerland as a currency manipulator earlier, but the Swiss National Bank responded that the Swiss franc was overvalued because the new pneumonia epidemic severely hit the Swiss economy, and the central bank would take action in the foreign exchange market when necessary. The United States threatened the market power, and the Swiss franc hovered at a one-year high against the US dollar yesterday. In the UK, the Bank of England Committee unanimously decided to keep the benchmark interest rate unchanged at 0.1% and maintain the bond buying program at 895 billion pounds, all in line with market expectations. The Bank of England issued a statement after the meeting, saying that vaccinating citizens may reduce the downside risks to the economic outlook. However, the UK will not tighten monetary policy until there is good evidence of progress, but once the prospects weaken, the Committee is ready to take any necessary additional actions to achieve its goals. Members added that the UK's economic prospects depend not only on the control of the COVID-19 outbreak, It also involves the new trade agreement between EU and UK and the subsequent transitional arrangements. The transition period from Brexit to the real death line expired at the end of the year, but the negotiations were blocked on the fishery issue. British Prime Minister Johnson spoke to European Commission President Ursula von der Leyen again. Discuss the negotiation progress of the trade agreement between Britain and Europe, but after the meeting, both sides showed pessimistic remarks. British Prime Minister Johnson said that unless the EU's position changes significantly, it is extremely impossible to reach an agreement. Ursula von der Leyen said that substantial progress has been made in the negotiations. However, there are still major differences that need to be bridged, especially on the fishery issue, which is described as very challenging. The major European stock markets developed individually, and the German DAX index rose by 0.87%; French CAC index rose by 0.03%; Britain's FTSE 100 Index fell by 0.35% due to the worsening of the epidemic. Yesterday, the United States announced that the number of people applying for unemployment benefits for the first time last week was 885,000, which was worse than expected, and it also rose for the third consecutive week. Another data was the Philadelphia Federal Manufacturing Index, which announced that the number was 11.1 points, which was 20 points worse than expected. However, the optimism that the market's epidemic aid program is about to be passed overshadows the economic data. The new york stock market all hit a new high after the market, and the Dow Jones index rose by 0.49%; The Standard & Poor's 500 Index rose by 0.58%; Nasdaq index rose 0.84%. The market hopes that the epidemic assistance program will soon be passed, and the US dollar continues to be sluggish. The US dollar index falls below the 90-point mark, with the lowest falling to 89.73 points. The gold price rose all the way yesterday, breaking the resistance of 1,870 US dollars per ounce and then turning sharply, with the highest approaching 1,896 US dollars per ounce. It closed at $1886 per ounce, up $21. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-17

Today's volatility range: The positive news from the Brexit negotiations, coupled with the fact that the Federal Reserve plans not to raise interest rates within three years, is not conducive to the trend of the US dollar. The US dollar index hovers at a two-year low, and the market expects the US dollar to fall further, which supports the rise of gold prices. However, yesterday, the price of gold rose to 1865 US dollars, which was also near the resistance level mentioned yesterday, and there was great pressure to go up to 1870. Today's major volatility is expected to be between $1,850 and $1,870. After negotiations on Brexit were extended on Sunday, there was further progress yesterday. Speaking at the EU meeting, Ursula von der Leyen, President of the European Commission, said that the differences with Britain are narrowing, and although the problems still exist, at least the direction is found. It is reported that the EU and Britain will set up a complaint and arbitration mechanism to solve the problem of unfair competition, avoid frequent international legal proceedings, or impose tariffs on each other for punishment. As for Britain, apart from emphasizing the sovereignty of British waters. Therefore, at this stage, there is only one problem left: fishing. While Britain emphasizes the sovereignty of British waters, it is actually considering how the interests of the United Kingdom can open the fishing boats of the European Union to fish in British waters. However, the differences between the two sides are the catch distribution, the period of quota and the quantity of quota. Therefore, it is still optimistic that the two sides can reach an agreement. At least British MPs have been informed that once the Brexit agreement is reached, British Prime Minister Johnson will convene Congress during the Christmas holiday to pass relevant bills. The news is good for major European stock markets, and the German DAX index rose by 1.53%; French CAC index rose by 0.31%; Britain's FTSE 100 index rose by 0.89%. In the early morning of this morning, the Federal Bank of the United States decided to keep the federal funds rate unchanged between 0 and 0.25%, as expected by the market, and most members voted for the fund rate not to be raised within three years. However, it was noted that one more member voted in favour of raising interest rates once before 2023 than at the last meeting on interest rates. Federal Reserve Chairman Powell spoke at the meeting, saying that he expected to maintain the current interest rate level. Until the labor market meets the full employment assessment, the inflation rate rises to 2% and the tolerance exceeds this level. Powell said that he is open to the scale of debt purchase. If necessary, the Fed is ready to buy more debts. He added that the Federal Reserve will continue to buy government bonds at a rate of not less than $80 billion per month and increase its holdings of mortgage bonds at a rate of not less than $40 billion per month. Under the pressure of no interest rate increase, new york stock market developed individually. The negative growth of core retail sales in the United States was 0.9%, which was worse than market expectations. Due to retail data, the Dow Jones index fell 0.15%; The Standard & Poor's 500 Index rose by 0.18%; Nasdaq index hit a new high for two consecutive days, up 0.5%. The positive news from the Brexit negotiations, coupled with the fact that the Federal Reserve is not scheduled to raise interest rates within three years, is not conducive to the trend of the US dollar. The US dollar index hovered at a two-year low and closed below 90.24 points. The market expects the US dollar to fall further, which supports the rise of gold prices. Yesterday, gold rose to a full-day high of $1,865 per ounce. Finally, bitcoin, the virtual currency, soared yesterday, breaking through $20,000 for the first time, and once rose to about $21,500 at the highest. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-16

Today's volatility range: There is positive news from the Brexit negotiations. The market reports that Congress will approve the second round of epidemic stimulus bill with a scale of 900 billion US dollars by the end of the year. Investors look forward to the further decline of the US dollar and support the turning point of gold price rising to 1853 US dollars. It is expected that the price of gold will hover at the current price before the US interest rate meeting tomorrow. Today, the main volatility is between $1843 and $1863. Yesterday, the Reserve Bank of Australia released the minutes of its monetary policy meeting, and predicted that it would not raise the cash interest rate for at least three years. The RBA said that it will not raise interest rates until it reaches the target of keeping inflation at 2-3%, and is prepared to buy any amount of bonds. To maintain the 3-year yield target. He also said that the economy has improved, seeing that household consumption is rebounding smoothly and basically meeting expectations, but it will take some time to return to the economic level before the epidemic, because the expected economic recovery is not balanced. A large amount of idle capacity continues to appear in the labor market and the overall economy, so it is necessary to give priority to solving the prospect of long-term high unemployment rate. Finally, it is added that economic recovery depends on major policy support, so we will continue to pay close attention to economic changes. And maintain monetary and fiscal policies to stimulate the local economy in a timely manner. At the beginning of this month, Australia announced that its GDP in the third quarter rebounded by 3.3% quarter by quarter, which was the strongest increase since statistics were made in 1976. The main reason was that the Australian government controlled the epidemic properly, and it also relied on the RBA to implement monetary and fiscal policies decisively. In addition to drastically reducing the central bank's interest rate to 0.1%, it participated in the quantitative easing policy of up to 260 billion US dollars for the first time, and increased the liquidity of money to ease the repayment pressure of small and medium-sized enterprises. After the negotiations on Brexit were extended, there was further progress yesterday. German negotiators revealed that the EU and Britain will reach an agreement by the end of this week at the latest. According to reports, the atmosphere of yesterday's meeting was good. The two sides discussed two major issues of disagreement, including fishing rights and fair competition provisions. All of them are tolerant of the bottom line mentioned before. It is reported that the EU will set up a complaint mechanism with the UK to solve unfair competition and avoid frequent international legal proceedings. As for the UK, apart from emphasizing the sovereignty of British waters, It is also possible to open EU fishing boats to fishing in British waters., The problem is the amount of catch distribution, and Britain is also considering granting quotas to EU fishing boats to protect Britain's interests. The news is good for the European stock market, and the German DAX index rose by 1.06%; French CAC index rose 0.04%. The British stock market is still affected by the tightening of epidemic prevention restrictions, with the FTSE 100 index falling for two consecutive days, with a loss of 0.28%. The United States is defusing two political and virus bombs, and the Democratic presidential candidate Biden has been finalized as the new president. Although more than 170,000 people in the United States are infected with SARS-CoV-2, the United States has also begun to vaccinate American nationals against COVID-19. The virus pandemic will always be solved in the near future. The new york stock market rose across the board, and the Dow Jones index rose 1.13%; Standard & Poor's 500 Index rose by 1.29%; Nasdaq index hit a new high, up 1.3%. Positive news came from the Brexit negotiations. Stimulated the euro and pound to rise against the US dollar. The US dollar index hovered at a two-year low and closed below 90.5 points. Gold became more attractive under non-US dollar pricing. More importantly, the market reported that Congress will approve the second round of epidemic stimulus bill with a scale of 900 billion US dollars by the end of the year. The market expects the US dollar to fall further, and the gold price rose yesterday, closing at 1853 US dollars per ounce, up 26 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/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-15

Today's volatility range: Looking forward to the application of vaccines to improve economic activities, coupled with the stable political situation and the declining demand for safe haven, the atmosphere in the gold market deteriorated, and the gold price failed to reach the key level of $1,850 twice last week. Yesterday, it was confirmed to adjust downwards. It is expected that the price of gold will fluctuate and consolidate today, with the main volatility ranging from USD 1815 to USD 1833. If you fall below 1815 support, you can pursue the sale. The epidemic situation of new pneumonia in Britain continues to be serious, and new variant virus strains have been found, which may be the reason for the rapid increase of local epidemic cases. Britain has notified the World Health Organization. British Health Minister Xia Guoxian said, There is no indication that the new variant strain is more deadly than the original strain, or will make the existing vaccine invalid. However, in order to prevent the epidemic from worsening, Xia Guo announced that some areas in London and southeast England will start from the early morning of Wednesday, Implement the strictest third-level epidemic prevention restrictions. The restrictions on epidemic prevention are tightened again, which is bound to hit the golden season around Christmas and hit the catering and retail industries hard. As for the Brexit issue, after the two sides agreed to extend the negotiations on Sunday, Yesterday, there was a little progress. European Commission President Ursula von der Leyen said that he was satisfied with the progress of the negotiations on the post-Brexit trade agreement with Britain. The two sides had established a good framework, but the details remained to be dealt with. Banier, the chief negotiator of the European Union, said, The main differences with Britain have been reduced to two, including fishing rights and fair competition provisions. A spokesman for British Prime Minister Johnson also admitted that there are still differences between the two sides on fishing rights and fair competition, but they will try their best to reach an agreement. The news is good for the European stock market, and the German DAX index rose by 0.875%; French CAC index rose 0.37%. The British stock market was affected by the tightening of epidemic prevention restrictions, with the FTSE 100 index falling 0.26%. The political situation in the United States will tend to be stable. The California Electoral College confirmed that Democratic presidential candidate Biden had obtained 270 electoral votes needed to win the election, and confirmed that the election was the next presidential election. According to the procedure, Biden will be sworn in in the new Congress on January 3rd next year. Yesterday, the United States also began to vaccinate Americans against COVID-19, which symbolically demonstrated that the virus threat that had been entangled for almost a year was resolved. On the other hand, the US inter-party parliamentary group announced the details of the second round of the $900 billion epidemic stimulus bill early this morning. The bill is divided into two parts. The first part is a $748.00 billion rescue plan, which is mainly to provide assistance to small enterprises, so as to prevent them from closing down and causing greater unemployment rate. The second part has only two contents, namely, the $160 billion state government assistance sought by the Democratic Party. As well as the Republican Party's obligation to exempt clients from the law to recover from their employers for COVID-19 pneumonia. The news of political stability and vaccines made investors tend to be risky assets. The new york stock market rose across the board in the early period, and the Dow Jones index broke a record high and eventually fell by 0.62%; The Standard & Poor's 500 Index made a four-day losing streak, losing 0.44% to close; Nasdaq index remained positive, up 0.5%. The United States is defusing two political and virus bombs, investors tend to be risky assets, the US dollar and Huang Quan are the first victims, and the US dollar index continues to fall. Close to 90.66 points; Gold was also lowered yesterday, with the worst falling to $1,819 per ounce, the highest to $1,840 per ounce, and finally closing at $1,827 per ounce, down $12. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-14

Today's volatility range: The second round of relief measures for the epidemic in the United States has been blocked, and the optimistic atmosphere of the market is expected to deteriorate. The gold price failed to reach the key level of $1,850 twice last week, and both triggered a technical downward adjustment of about $10. It is expected that the price of gold will still fluctuate today, and the main volatility will still keep the suggestion last Friday, that is, $1,827 to $1,845. The novel coronavirus epidemic continues to deteriorate, with more than 72,600 infected people and nearly 1.62 million confirmed deaths in novel coronavirus. The epidemic has been widely reported for nearly a year now, In addition to the above-mentioned people's lives and health, the virus has become widespread all over the world because of its strong spreading power, which indirectly causes the global economy to lose hundreds of millions of dollars! Fortunately, the vaccine finally came out. Last Tuesday, The United Kingdom began to use the COVID-19 vaccine developed by Pfizer of the United States in cooperation with German biotechnology, and first vaccinated a 90-year-old woman, which set a milestone for the worldwide anti-epidemic action. At the same time, more countries have announced the approval of the right to use the vaccine, including Canada and the United States, and the vaccine will be delivered to both countries today. Interestingly, the Hong Kong government originally intended to purchase Pfizer vaccine, but somehow, It was removed from the official website at night, and now there are only two brands, Kexing Bio and Fosun Pharma. Sure enough, political correctness is still the way to be an official now, and patriots certainly use domestic products! People all hope that senior officials from the Chief Executive can take the lead in vaccinating those who have purchased in advance. However, the Kexing vaccine, which has not passed the third phase of clinical test, can boost the confidence of the general public. The world is betting on vaccines to change the economy that has almost stopped. If a country can vaccinate most people first, then that country can restore productivity first and seize market opportunities. A vaccine battle is happening quietly. However, the investment market has digested the relevant news for a long time, and the news may not provide much power to the asset market. British Prime Minister Johnson met with European Commission President Ursula von der Leyen in Brussels last week. After the meeting, he said that the differences between the two sides are still big. I am not optimistic about the orderly Brexit. If the situation really happens, Britain will leave the EU in the "Australian model" in January next year, but he reiterated that Britain can maintain prosperity under the disorderly Brexit. Johnson has pointed out that this Sunday has been designated as the dead line of Brexit negotiations. However, since the two sides still failed to reach an agreement, British Prime Minister Johnson and European Commission President Ursula von der Leyen agreed to extend the negotiations after calling on Sunday. The market is not optimistic about the results, but at least prolonging the negotiations can save a glimmer of hope. European Central Bank President Lagarde said in her speech last week that she noticed that the recent appreciation of the euro caused downward pressure on inflation. The situation is worrying, but she added that the central bank will pay close attention to the euro exchange rate, but will not interfere for the time being. With the news of Brexit this morning, the euro fell significantly against the pound this morning. The employment data in the United States is weak. Following the decrease in the number of non-agricultural employment in the United States announced on the 125 th, the number of people applying for unemployment benefits for the first time surged to 853,000 last Friday, far exceeding market expectations and reaching 230,000 a week earlier. Breaking the highest level since September, the data shows that the government's measures to stop the work of enterprises on a larger scale in order to curb the epidemic are re-inducing the wave of unemployment and damaging the American economy. However, the US$ 900 billion second-round epidemic relief measures were not approved by the two major political parties in the United States, and the US dollar index continued to weaken, falling 91 points to 90.96 again on Friday. The price of gold fluctuated last week, falling to $1822 per ounce. The highest value was $1,875 per ounce. After adjustment, it entered consolidation, and finally closed at $1,839 per ounce, a slight increase of $1 from last week. This week is the Super Interest Rate Week. Many central banks, including Britain, the United States, Switzerland and Japan, will hold their last interest rate meeting this year. As interest rates of central banks have been at historically low levels, it is expected that interest rates will not change. However, the press conference after the meeting may indicate that it will accept the low interest rate environment for a long time and disclose whether to increase the interest rate. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-11

Today's volatility range: The second round of relief measures for the epidemic in the United States was blocked, and the optimism of the market was expected to deteriorate. The price of gold rose yesterday through the weak employment data in the United States, but it failed to break through the key level of US$ 1,850, which triggered a technical downward adjustment. It is expected that the price of gold will still fluctuate today, with the main volatility retaining yesterday's proposal, namely $1,827 to $1,845. British Prime Minister Johnson was interviewed by the media yesterday. He responded to the meeting with European Commission President Ursula von der Leyen in Brussels, saying that both sides have understood each other's positions and designated this Sunday as the dead line of Brexit negotiations. They each ordered the negotiators of both sides to try to reach an agreement, but he added that the differences between the two sides are still big and they are not optimistic about the orderly European talks. If the situation really happens, Britain will leave the EU in January next year in the "Australian mode". That is to say, all trade activities will be carried out in accordance with the practice of the World Trade Organization, except for a small number of goods that can be freely cleared. Johnson previously reiterated that Britain can maintain prosperity under disorderly Brexit. The British stock market rose for eight days in a row. The Bank of England announced yesterday that the bank could resume the dividend policy, which stimulated the British stock market to rise in the eighth trading day. It rose 0.54% again yesterday, while the British pound fell against the US dollar. The European Central Bank announced yesterday that it will maintain the main refinancing rate at 0, the deposit convenience rate at -0.5%, and the marginal lending rate of the central bank at 0.25%, but the central bank will expand the scale of anti-epidemic emergency debt purchase to 1.85 trillion euros, an increase of 500 billion euros. And the bond purchase plan will be extended to March 2022. At the end of the European Central Bank President Lagarde said in his speech that he noticed the progress in vaccine development, but with the rebound of the epidemic, the short-term economy in Europe still faces challenges. We have to use the monetary policy of increasing quantitative easing to stimulate the euro zone economy. However, she pointed out that the recent appreciation of the euro has caused downward pressure on inflation, which is worrying. However, she added that the central bank will pay close attention to the euro exchange rate, but will not interfere for the time being. The euro rose again against the US dollar yesterday, and the two major stock markets in the euro zone developed individually. The German DAX index fell by 0.33%; French CAC index got rid of the daily decline and rose by 0.05%. The novel coronavirus epidemic in the United States continued to deteriorate, with more than 220,000 cases of infection appearing yesterday, and more than 3,000 patients died in a single day for the first time. In terms of data, the number of initial jobless claims in the United States surged to 853,000 last week. Far exceeding the market expectation, and as many as 230,000 people compared with last week, breaking the highest level since September. Data show that the larger enterprise shutdown measures implemented by the government in order to curb the epidemic are re-causing the unemployment wave and damaging the American economy. However, the second round of relief measures for the epidemic in the United States was blocked, and the Democratic Party and the Republican Party of the United States dragged on and blamed each other, which made the rescue plan worth 900 billion dollars unable to be approved for a long time. However, the optimism expected by the market this year has deteriorated. The new york stock market also developed individually, which was affected by employment data, causing negative market reaction, and the Dow Jones index fell 0.23%; The Standard & Poor's 500 Index fell 0.13%; The Nasdaq index rose 0.5%. The second round of relief measures for the epidemic in the United States has been blocked. The market expects the optimism to deteriorate, and the US dollar index once again falls below 91 points to close at 90.78 points. The gold price once rose to the key level of 1850 US dollars per ounce through weak employment data, but it could not break through, and then it turned down, closing at 1836 US dollars per ounce and then falling by 4 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/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-10

Today's volatility range: The second round of relief measures for the epidemic in the United States was blocked, and the optimism of the market deteriorated. In addition, the decline in US stocks caused funds to flow to the US dollar to avoid risks, and the US dollar index strengthened, and the gold price sharply adjusted back yesterday. Gold price is expected to seek a new direction today. It is expected to fluctuate within a narrow range, with the main volatility ranging from USD 1827 to USD 1845. The Brexit negotiators from Britain and the European Union turned to a higher level to seek a breakthrough in the political dilemma. British Prime Minister Johnson went to Brussels yesterday to hold direct talks with European Commission President Ursula von der Leyen to discuss the agreement on trade arrangements between Britain and Europe after Brexit. Earlier, Banier, the chief negotiator of the European Union, reported the progress of the negotiations to the EU member States. The trade negotiations between Britain and Europe were stagnant, and there were three major differences, namely, fisheries, fair competition clauses and the mechanism for handling contracts and complaints. The two sides should reach an agreement before the 31st of this month, otherwise all trade activities will be carried out in accordance with the convention of the World Trade Organization. However, after the meeting between the two sides, Johnson told the media that a good agreement would be completed, and that the EU seemed to be unable to accept that Britain, Britain has the sovereignty of its own fishing waters, but this is a matter of British sovereignty and security. No British Prime Minister can accept the terms of the agreement that the EU wants to join, saying that Britain can maintain prosperity under disorderly Brexit. It seems that there are still many variables in the Brexit negotiations, but Britain has the upper hand. The British stock market rose for seven days in a row and rose 0.08% again yesterday. On the other hand, the EU "Recovery Fund" is expected to be approved, because Hungary and Poland opposed the inclusion of human rights and other clauses in the appropriation bill earlier, which made it impossible to approve the fund On Monday, the European Union said that it might bypass Hungary and Poland to help the remaining 25 EU member States through a "recovery fund" of 750 billion euros. However, with the epidemic rampant and severely hitting the economy, the two opposing countries face the reality. Hungary said at an early date that it would support funding, while Poland responded that it would consider it, but yesterday Polish President Dutt also took the lead. On the other hand, the second round of relief measures in the United States has been blocked. According to the news, nearly 90% of the 900 billion U.S. dollars in the second round of funding received cross-party support. McConnell, the Republican Senate Majority Leader, said that he could put aside the differences between the two parties and approve the funding first. And hope to finish it before Christmas holiday, but House Speaker Pelosi said that the Republican Party created obstacles for the agreement, and the truth is intriguing. However, the market expects the optimism to deteriorate. In terms of data, the United States announced that 6.65 million new jobs were expected to be created in the country last month, but the number of employees was less than expected, which shows that the epidemic still plagued the labor market. Last week, US crude oil inventories unexpectedly increased and decreased by 15.2 million barrels, which was 1.4 million barrels lower than the market expectation. The three major indexes of the new york stock market all reached new highs during yesterday's trading hours and then closed down. The Dow Jones index fell 0.35%; The Standard & Poor's 500 Index fell 0.79%; Nasdaq index fell 1.9%. Funds flowed to the US dollar to avoid risks, and the US dollar index rebounded to 91 points. The price of gold has been weak for many days, and the second round of relief measures for the epidemic in the United States has been blocked. The optimistic atmosphere of the market is expected to deteriorate. In addition, the decline in US stocks caused funds to flow to the US dollar to avoid risks, and the US dollar index strengthened. Yesterday, the gold price sharply adjusted back. Yesterday, the gold price reached a minimum of 1825 US dollars per ounce, closing at 1840 US dollars per ounce, down 30 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/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-09

Today's volatility range: The large-scale post-epidemic economic stimulus plan in the United States is expected to be launched, and the gold price will play its anti-inflation and anti-currency depreciation characteristics. Today, the price of gold may oscillate, with the main volatility of 1856-1878 dollars. Since the outbreak of the fourth wave of epidemic in Hong Kong, the government has once again tightened social measures and prepared to legislate for the ban. However, some medical experts criticized the Hong Kong government for its slow response, which often caused headaches and pains, and missed opportunities many times; From the bureaucratic idea that the Chief Executive refused to ask for customs clearance at the beginning of the epidemic, Hong Kong became a springboard to escape, and those who bid for masks with the lowest price won, resulting in the shortage of masks in Hong Kong, the whole people were forced to snap up at high prices, and now vaccines have been launched in the market. It is certain that on the procurement issue, the responsible officials may not start or stick to the details of the situation, and learn from Lin Zhengyue's so-called "Special Administrative Region handles affairs with rules and regulations"! This inflexible, pedantic and ignorant culture is terrible enough. The most terrible thing is not to accept criticism, but to be complacent everywhere! Novel coronavirus's fatigue continued to deteriorate. Yesterday, Britain vaccinated high-risk people in the country with Pfizer's COVID-19 vaccine. While Pfizer applied to the United States for emergency use of COVID-19 vaccine, It has also been confirmed to be safe and effective by the US Food and Drug Administration. The world is betting on vaccines to change the economy that has almost stopped. Which country can vaccinate most people first, then that country can restore productivity first. Seize the market opportunity, it seems that a battle for vaccines is happening silently. Pfizer has indicated that the supply will not meet the demand of the United States by June next year, except that the output mentioned earlier is blocked due to the supply of raw materials. While the number of branches needed to be reduced to 50 million, it is estimated that the quota needs to be reserved for other countries due to an agreement. Fortunately, Johnson & Johnson, another major American company, announced that the research and development of COVID-19 vaccine was completed ahead of schedule. According to the third phase clinical data, its effective rate is 97%, which is expected to further relieve the global tight demand. The Brexit negotiations between Britain and the EU have been blocked again. Johnson, the British leader, told the media that it is not optimistic to reach a consensus with EU representatives within a few days, but some EU members expressed that, Their chief negotiator, Banier, reported the progress of the negotiations to the EU member States and reached the same conclusion. Britain has once again sought legislation for the "internal market law" that violates the EU agreement. Once the Brexit negotiations break down, Britain will be able to continue to trade with EU countries in January next year in the way of "Australia mode" leaving the EU. Negative news affected the slight decline of British pound against US dollar. On the other hand, there is good news in the second round of relief measures for the epidemic in the United States. Republican Senate Majority Leader McConnell said that he could put aside the differences between the two parties and approve the funding first, hoping to finish it before Christmas holiday. President Trump hopes to distribute another $1.2 thousand to the people. However, because the amount involved is not included in the $900 billion bailout plan, it is unlikely to be completed this year. However, Speaker of the House of Representatives Pelosi said that after his party friend Biden took office, he would approve a larger revitalization plan. Gold price continued to rise yesterday, and a larger post-epidemic economic stimulus plan was launched. By then, gold price will play its anti-inflation and anti-currency depreciation characteristics. Gold price peaked at $1,875 per ounce yesterday and closed at $1,870 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/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-08

Today's volatility range: The news that the US$ 900 billion second round of epidemic relief measures will be passed by both parties is beneficial to the gold market, but gold has been rising for many days or is now exhausted. Today's major volatility is $1850 to $1874. There are only two days left in the meeting agreed by the two sides, and the Brexit negotiations between Britain and the EU are facing a breakdown. Yesterday, EU officials who attended the report said that Banier, the chief negotiator of the EU, reported the progress of the negotiations to the representatives of EU member States earlier. The result is frustrating, which indicates that there are still major differences between the two sides on the three major issues of fisheries, fair competition and complaint handling mechanism. It also indicates that the British side has not budged on the issue of waters, because British Foreign Secretary Rab has raised the operation of fisheries to the issue of British sovereignty and security. The pound fell sharply by 1.6% against the US dollar yesterday when it was reported that the Brexit negotiations were facing a breakdown. What's even worse is that the House of Commons of the United Kingdom revisited a number of motions in the Internal Market Law that violated EU laws, which were rejected by the House of Lords earlier. Re-debating the motion in the House of Lords may mean that once the Brexit negotiations break down, Britain will leave the EU in the "Australian mode" in January next year, that is, except for a small number of goods that can be freely cleared, the rest will follow the practice of the World Trade Organization. That is, the import and export of goods need to be checked and paid taxes, and passengers need to pick up while going in and out. This will undoubtedly increase the trade costs of each other, but for Britain, it may also be the only solution to disorderly Brexit, not a single threat. Fortunately, some media reported that British Prime Minister Johnson called European Union Prime Minister Ursula von der Leyen again, and after the call, the two men issued a joint statement, asking each other's negotiators to prepare an overview of their differences, so that they could discuss them face-to-face in Brussels in the next few days. Some political scholars said that when representatives at a higher level attend the negotiation meeting, there is a great chance that the negotiations will eventually reach an agreement and sign it immediately. Novel coronavirus's fatigue continues to deteriorate, and Pfizer's vaccine officially began to vaccinate high-risk people in Britain today. Yesterday, Pfizer applied to India, the second most infected country in the world, for emergency use of COVID-19 vaccine. However, Pfizer has indicated that the supply will not meet the demand of the United States, except that the output mentioned earlier needs to be reduced to 50 million branches due to the blockage of raw material supply. It is estimated that the quota needs to be reserved for other countries because of an agreement. There were still as many as 180,000 new infections in the United States yesterday. Federal Reserve Chairman Powell urged Congress to pass the second round of epidemic relief measures as soon as possible. Some economists said that if the government could not provide economic relief in the short term, the US economy would go backwards. However, the Democratic Party and the Republican Party still have not passed the $900 billion bailout plan. However, this hurdle is not about the scale of funding, but about the details of assistance to state and local governments and corporate exemption protection. The two sides are deadlocked. However, since the bill on financing the operation of the government will expire on December 11th, the House of Representatives plans to vote for a week-long resolution on Wednesday to prevent the government from stopping. The market expects that the new bail-out plan will finally pass. Yesterday, when the price of gold was riding a roller coaster, the news of the break of Brexit caused the US dollar to rise sharply, and then it was reported that some large companies reduced their positions, which dragged down the performance of gold price. It once fell to US$ 1,822 per ounce, but it was later passed that Johnson talked with Ursula von der Leyen and the US dollar was lowered again. Gold prices rebounded sharply, reaching a peak of $18682 per ounce, closing at $1862 per ounce, up $24. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-07

Today's volatility range: Last week, the United States announced that the decrease in non-agricultural employment in the United States was beneficial to the gold market. In addition, the news that the second round of US$ 900 billion epidemic relief measures would be passed by both parties showed that the US dollar index continued to weaken, which was beneficial to the market outlook. Today's major volatility is 1830-1848 dollars. Novel coronavirus's fatigue continues to deteriorate, with nearly 1.54 million confirmed deaths worldwide and over 67,400 cumulative infections in novel coronavirus worldwide. In the United States, more than 230,000 new infections occurred last Friday. In Europe, Russia, France, Italy, France, Russia, Britain and Spain have recorded more than 1 million new crown diseases, but the daily new infections still cannot be contained below 10,000 digits. Many European countries have to extend social restrictions. Westerners may have a lonely Christmas, which will hit the traditional retail season. Last Wednesday, there was news in the market. The British Drug and Health Products Supervision Bureau said that the COVID-19 vaccine jointly developed by Pfizer Pharmaceuticals of the United States and German Biotechnology "met its strict safety, quality and effectiveness standards". With the approval of Pfizer's application for emergency empowerment, Britain became the first western country to approve the COVID-19 vaccine, and can arrange vaccination from Tuesday. But Fauci, director of the CDC, said that the British approval was too hasty. The United States needs more time to study the data and confirm the safety before granting emergency use rights. Although Fauci's remarks somewhat disappointed the market, experts estimated that there should be good news in the middle of the month. Last Saturday, it was said that Russia had begun to vaccinate its citizens with the "Satellite 5" COVID-19 vaccine developed by Russia. The world is looking forward to vaccines to save the economy. The Brexit issue is still deadlocked. Frost, the Brexit negotiator, said that there were only days left in the negotiations, and the situation was not optimistic. It has been reported that the main obstacle is still the fishing industry. Some EU representatives have proposed that European fishermen can fish in British waters. For ten years, Britain strongly opposed it, and it was ready for disorderly Brexit. Federal Reserve Chairman Powell urged Congress to pass the second round of epidemic relief measures as soon as possible. House Speaker Pelosi made concessions for the first time, It is reported that she and Senate Democratic leader Schumer supported the $908 billion bipartisan plan as the basis for a new round of negotiations with congressional Republicans and the White House on Wednesday. The market expects that the plan will be passed soon. The employment data released by the United States last week went weak, with only 245,000 new jobs in non-agricultural employment in the United States, which was worse than the expected 469,000. Last week, the United States announced that the reduction of non-agricultural employment in the United States was beneficial to the gold market. In addition, the news that the second round of US$ 900 billion epidemic relief measures will be passed by the two parties, the US dollar index continued to weaken, falling to a low of 9.5% in two and a half years. Gold rebounded sharply last week, closing at $1,838 per ounce, and rose by $51 a week. Bitcoin fell to about $18,800 per piece yesterday, and once again approached $20,000 per piece, but unfortunately it failed. I believe we are still waiting for an opportunity to create a record high of $20,000. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-04

Today's volatility range: The news that the US$ 900 billion in the second round of epidemic relief measures will be passed by both parties is widely sung. The US dollar continues to weaken, and the price of gold has rebounded for three consecutive days. We should pay close attention to the number of non-agricultural employment tonight. Today's major volatility is 1824 to 1848 dollars. After Caixin China's manufacturing purchasing managers' index released on Monday hit a new high in 10 years, the Caixin service purchasing managers' index released yesterday also hit the second highest level of 57.8 points in recent 10 years. Data show that China's economic activities have completely emerged from the haze of COVID-19, and it is expected that China's economy will continue to expand. However, China's economic development is still fraught with obstacles. The US House of Representatives unanimously passed the Foreign Corporate Accountability Act on Wednesday It makes it more difficult or costly for Chinese enterprises to raise funds. The bill targets Chinese enterprises listed in the United States. If they do not comply with American auditing standards, they will face the threat of being delisted. Earlier, giant companies such as Alibaba and JD.COM have successfully listed in Hong Kong for the second time, which is the second-hand preparation once they avoid being delisted in the United States. There is a voice in China that the United States unreasonably suppresses Chinese enterprises because it is afraid of China's rise! However, it is an indisputable fact that there is still much room for the quality of Chinese enterprises and the ability of regulatory agencies. The false transactions on Ruixing Coffee amounted to RMB 2.2 billion. The exaggeration of making numbers is an example. Perhaps this external force can improve the governance level of Chinese enterprises and better protect market investors, when the flowers are fragrant, other countries will definitely welcome Chinese enterprises to list on their exchanges. This is a good thing. The Brexit issue is still deadlocked, and the message is even more confusing before approaching the dead line of negotiations. Some representatives of member States pointed out that the negotiations are optimistic, but there are also indications that the two sides are tough and the agreement is not easy to reach. There may be disorderly Brexit. However, depending on the behavior of Banier, the chief negotiator of the European Union, the progress should favor the latter. When Banier was asked by reporters, he turned a deaf ear and hurried by, which somewhat reflected the tense meeting. Some media reported that the atmosphere of the meeting was good in the morning, but in the afternoon, the atmosphere of the meeting deteriorated because France proposed to join the new negotiation conditions. Yesterday, Britain also revisited the feasibility of the "internal market law", which worsened the optimism of orderly Brexit. With the Brexit issue, major European stock markets developed individually yesterday, and Britain, which is well versed in politics, became the winner yesterday. The FTSE 100 index of the UK rose by 0.42%, breaking the high level in half a year; The German DAX index fell by 0.45%; French CAC index fell 1.6%. New york's stock market has developed repeatedly and individually. The new pneumonia vaccine will be officially put into the market, and the number of people applying for unemployment benefits for the first time in the United States last week has dropped back to 712,000 again after increasing for two consecutive weeks, which is better than expected. Driven by the optimistic atmosphere of the market, The three major indexes all went up in the early stage, but Pfizer had supply problems in the end market. Due to the blockage of raw material supply, the plan to provide 100 million vaccines was halved to 50 million, which triggered a negative market reaction. Finally, the Standard & Poor's 500 Index fell by 0.06%; Dow Jones index rose 0.29%; Nasdaq index rose 0.2%. The number of people claiming unemployment benefits for the first time announced by the United States yesterday has dropped again since it increased for two consecutive weeks, which was unfavorable to the gold market. However, it is rumored that there are statistical errors, which may be worse than the reality. The number of non-agricultural employment in the United States last month, as announced today, has changed even more, so we should pay close attention to it. The news that the US$ 900 billion in the second round of epidemic relief measures will be passed by both parties is widely sung, and the US dollar index has fallen to a low level in two and a half years. At 90.69, the price of gold continued to rebound yesterday, reaching a peak of $1,844 per ounce and closing at $1,841 per ounce, up $10. Bitcoin fell to about $18,800 at worst yesterday, but mainly fluctuated between $19,200 and $19,300, closing at about $19,460 per bitcoin. I believe we are still waiting for an opportunity to create a record high of $20,000. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ

2020-12-03

Today's volatility range: The US dollar continued to weaken, and the gold market did not fear the news that the vaccine was officially launched in the UK. The gold price continued to rebound yesterday. After Yellen took office, a larger post-epidemic economic stimulus plan may be launched. By then, the gold price will have a better understanding of resisting inflation and currency depreciation. Today's major volatility is 1811 to 1840 dollars. Australia announced the third quarter GDP yesterday, which rebounded by 3.3% quarter by quarter, which was better than the expected 2.5% increase and exceeded the upper limit of 2% to 3% set by the Federal Reserve Bank of Australia last month. This quarterly report is the strongest increase since statistics were made in 1976. The main reason is that the Australian government has properly controlled the epidemic and the authorities relaxed social distance restrictions, which caused a sharp increase in consumer spending; It also depends on the Australian Federal Reserve's decisive decision to implement monetary and fiscal policies. In addition to drastically reducing the central bank's interest rate to 0.1%, it also participated in the quantitative easing policy of up to 260 billion US dollars for the first time. And provided commercial banks with a credit line of up to 200 billion U.S. dollars to increase currency liquidity to ease the repayment pressure of small and medium-sized enterprises. However, the report also pointed out that net exports fell in the third quarter, This is mainly due to the decline in the demand for tourism and education services caused by customs closure, the deterioration of Sino-Australian trade relations, and the decrease in exports of minerals and agricultural products, which pose obstacles to Australia's recovery. In Europe, the Brexit issue is still deadlocked, and there are barriers in three major issues: fisheries, fair competition and complaint handling mechanism. Some representatives of EU member States have indicated that they will not reach an agreement at any cost. Banier, the chief negotiator of the European Union, called on both sides to calm down, and remained optimistic but expert in the negotiations. On the other hand, the EU "Recovery Fund" is expected to be approved. Previously, Hungary and Poland forced the political topic of human rights expression into the examination and approval conditions, but yesterday, someone close to the European Central Bank President Lagarde said, The EU may bypass Hungary and Poland to help the remaining 25 EU member States through a "recovery fund" of 750 billion euros. Another heavy news yesterday was about the COVID-19 vaccine. The British Drug and Health Products Supervision Bureau said that the COVID-19 vaccine jointly developed by Pfizer Pharmaceuticals and German Biotechnology "satisfied its strict safety, Quality and effectiveness standards ",approved Pfizer's application for emergency empowerment, and Britain became the first western country to approve COVID-19 vaccine, and can start to arrange vaccination next week. The market expects more capital inflow, Coupled with the optimism of the official use of vaccines in the UK, the UK FTSE 100 index rose by 1.23%, and the other major European stock markets developed individually, and the German DAX index fell by 0.52%; The French CAC index rose by 0.02%. According to the Beige Book published by the Federal Reserve Board of America, due to the sharp rise of new pneumonia cases, schools are closed again, which affects the ability of citizens to go out to work. The report points out that among the 12 Fed areas, 4 areas have hardly increased in recent weeks. In other regions, there was only a slight increase, and the rapid spread of the epidemic and the economic recession dragged down some enterprises and families. Federal Reserve Chairman Powell urged Congress to pass the second round of epidemic relief measures as soon as possible. House Speaker Pelosi made concessions for the first time. It was reported that she and Senate Democratic leader Schumer supported the $908 billion bipartisan plan as the basis for a new round of negotiations with congressional Republicans and the White House on Wednesday. The introduction of epidemic relief measures is expected to benefit risky assets, and the Standard & Poor's 500 Index broke the market high for two consecutive days, up 0.18%; The Dow Jones index fell first and then rose, eventually rising 0.2%; The Nasdaq index failed to rise for five consecutive years and fell by less than 0.05%. The gold market is not afraid of the news that the vaccine was officially launched in the UK. The data released by the United States yesterday was worse than expected. The number of non-agricultural employment in the United States increased by 307,000 last month, and the market expected 410,000; Last week, US crude oil inventories decreased by 0.68 million barrels, while the market expected to decrease by 2.4 million barrels. The data made the US dollar even weaker, and the US dollar index hit a new low in three weeks, approaching 91 points and closing at 91.11 points. Gold continued to rebound yesterday, closing close to the highest level of $1,832 per ounce, and closing at $1,831 per ounce, up $16. Bitcoin fell to about $18,300 at worst yesterday, but mainly fluctuated between $19,100 and $19,300, closing at about $19,200 per bitcoin. I believe we are still waiting for an opportunity to create a record high of $20,000. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/UHHKFlQVzTCbjfPiBKIOPQ