Gold market analysis

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

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