Gold market analysis

2020-11-04

The U.S. presidential election was officially held last night at local time. However, due to the COVID-19 epidemic, due to the health and safety of the people, arrangements were made for early voting and mailing of votes. The number of voters who voted in advance reached a record high, with more than 98 million voters voting. However, due to their similar support and the different arrangements for mailing votes in each state, Experts generally believe that the election results will not be known immediately after the voting is over. Many experts pointed out that whether Trump is re-elected or Biden is in the White House, it will benefit the US economy in the near future. The new White House owners will strengthen the strategy of stimulating the US economy. The difference is that the handling methods are different. Trump will continue its low tax rate and even cut taxes again, while Biden will increase a lot of concessions and taxes; What experts are worried about is that they have similar votes. It will take time to recount the votes, and even the Supreme Court will make a judgment in the end. However, this may lead to dissatisfaction among the defeated voters, resulting in social unrest and internal friction. In fact, shops in many areas have closed early and closed their shops. More people buy guns to protect themselves, and some districts send more police officers to patrol. It can be seen that once the election situation changes, the United States needs more time or resources to solve the social unrest and division caused by the election, which will eventually lead to internal friction. Yesterday, the Reserve Bank of Australia announced the result of interest rate decision, and lowered the discount rate to 0.1%, a record low. The Reserve Bank of Australia also announced a 100 billion Australian dollar quantitative easing plan, which made the Australian dollar lower. Seeing the depreciation of cash shortage and the arrival of negative interest rate era, Investors chase risky assets, and Asian stock markets generally rise by 1-2%. The major European stock markets continued the upward trend in Asia, and the German DAX index rose by 2.6%; French CAC index rose by 2.4%; The FTSE 100 Index also rose 2.3%. The new york stock market also continued to rise, and the Dow Jones index rose 2.2%; The Standard & Poor's 500 Index rose 1.8%; Nasdaq index rose 1.6%. The market adjusted the risk bias, and the US dollar became the target of selling. Yesterday, the US dollar index fell below the level of 94 points. It closed at 93.42, while the depressed US dollar benefited gold. In addition, faced with the uncertainty of the US presidential election results, gold became a safe-haven asset, which recorded three consecutive rises and returned to the 1900 level, closing at yesterday's high of 1909 US dollars per ounce. There is uncertainty in the results of the US presidential election, which is now highly volatile. However, it is expected that the new White House owner will strengthen the strategy of stimulating the US economy. After the announcement of the president's name, the short-term is still beneficial to the trend of gold price. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-11-03

The U.S. presidential election was officially held on November 3, local time in the United States. However, because this election coincided with the COVID-19 epidemic, due to the health and safety of the people, the election made arrangements for voting in advance and mailing votes. According to records, 94 million voters have voted, accounting for two-thirds of the total voters in the 2016 general election, and among all the votes received, 62 million were mailed. Mailing votes is an election strategy advocated by the Democratic Party of the United States to which Biden belongs. According to the latest opinion polls, Trump is about 5-10% behind, but in many swing States, Biden's lead has narrowed to 2-4%. Because the results of the U.S. election are based on the voters, Hilary, who represented the Democratic Party of the United States in the last 2016 U.S. presidential election, took the majority of votes, but lost her support in the state and lost the presidency. Who is the winner of this election? The result is really unpredictable! However, many experts pointed out that whether Trump is re-elected or Biden is in the White House, it will be beneficial to the US economy in the near future and will strengthen the strategy of stimulating the US economy. The difference lies in the different handling methods. Trump will continue his low tax rate and even cut taxes again, while Biden will increase a lot of concessions and taxes; What experts are worried about is that the votes of the two people are similar, it will take time to recount the votes, and there will be disputes arising from mailing votes. It may need to be resolved through legal procedures. For example, the battle between George W. Bush and Gore in 2000 will ultimately be decided by the Supreme Court. However, this time the situation is more complicated and it may take more time or resources to resolve it. Even if the Supreme Court finally intervenes to make a judgment, it may still lead to dissatisfaction among voters, resulting in social unrest and internal friction. The COVID-19 epidemic broke out for the second time in many European countries, and the cumulative number of infected people in Europe doubled sharply in the past five weeks. However, European stock markets ignored the epidemic and did a great job. The German manufacturing orders announced yesterday recorded a record increase in October. Going to 58.2 points, the news stimulated the overall rise of major European stock markets, and the German DAX index rose by 2%; French CAC index rose by 2.13%; The FTSE 100 Index also rose 1.4%. American data is also bright. The purchasing managers index of institute for supply management's manufacturing industry released last night was 59.3 points, which was better than expected, and the new orders of manufacturing industry even reached 67.9 points, which was the best performance since 2004. The news also stimulated the new york stock market to rise. Dow Jones index rose 1.6%; The Standard & Poor's 500 Index rose 1.4%; The Nasdaq index still rose 0.4% in the worst performance. Faced with the uncertainty of the US presidential election results, the US dollar is still heating up, with the highest rising to 94.28 points. It closed at 94 points and closed at 94.04. Yesterday, venture capitalists smiled, and gold and stocks recorded an increase. Gold got rid of the rising pressure of the US dollar index and closed at yesterday's high of 1896 US dollars per ounce. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-11-02

The COVID-19 epidemic broke out for the second time in many European countries, with France and Spain being the most serious, with more than 1.4 million cases of COVID-19 in France and close to 1.3 million confirmed cases in Spain. More than 1 million people have been infected in Britain and 550,000 patients have been recorded in Germany. Countries have introduced more severe social isolation measures to prevent the epidemic from worsening. German Chancellor Merkel spoke in response to the epidemic. Some entertainment venues will be closed, and all services except restaurants and bars will be closed. These measures will be implemented nationwide until December. French President Macron announced that the city was closed again. More rigorous than last time, restaurants and bars will be completely closed, and non-essential retail stores will also need to be closed. Universities only teach online and encourage work at home, and prohibit people other than God Root Convention countries from entering the territory; Britain also closed its cities this Thursday, stopping all unnecessary places of consumption until December 2, and warned the public that if the effect is not significant, the epidemic prevention measures will be tightened and extended. The market is worried that the epidemic and isolation measures will severely hit the European economy. The European Central Bank announced yesterday that it would keep interest rates and quantitative easing policies unchanged. President Lagarde said that due to the rebound of the epidemic, the economic recovery rate was worse than expected. The central bank will re-adjust its work in December, suggesting that it may provide more liquidity support. Investors tend to be conservative and sell the euro in a big way. The euro fell to a low level within two months against the US dollar; It is also reported that the Bank of England will decide to increase the scale of asset purchase at the central bank meeting at the beginning of next month, and the plan will be implemented in mid-June next year. Earlier, the Monetary Policy Committee of the Bank of England stated that if necessary, The Bank of England will further relax monetary and fiscal policies, including negative interest rates to stimulate the economy and maintain expected inflation. In addition, the risk of Brexit has not been removed, and the British pound has fallen against the US dollar. The COVID-19 epidemic in the United States is also deteriorating. Last week, an average of more than 75,000 new infections were recorded every day. However, the US economic data released last week was ideal. Although Biden repeatedly attacked Trump in public for his ineffective control of the epidemic, However, the Trump administration obviously pays more attention to economic benefits, and it has become a new normal to work under the epidemic. The GDP of the United States increased by 33.1% in the third quarter, which is a far cry from the retrogression of 31% in the previous quarter. Unemployment in the United States continues to fall, Last week, 751,000 people applied for unemployment benefits for the first time in the United States. Two economic data confirm that the US economy is recovering well. While the U.S. economy is strong and the U.S. dollar is strong, the president of the European Central Bank has hit the euro zone economy because of the epidemic. Suggested that in December, the euro dropped sharply, and the US dollar became the best safe-haven option. The US dollar index rose above 94 points and closed at 94.07. The worsening of the COVID-19 epidemic in Europe and America was beneficial to enhance the safe-haven function of gold. However, with the appreciation of the US dollar, gold continues to be under pressure, and the upcoming US presidential election, there are uncertain factors in the election results. The gold price started to decline after it closed flat at $1901 last Monday. It once fell to a monthly low of $1860 per ounce, and rebounded to $1878 per ounce last Friday, still losing $23 a week. A number of important data will be released this week, and the US presidential election will be held on November 3rd. It is expected that the price of gold will fluctuate greatly. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-30

The market is worried that the epidemic situation and isolation measures will seriously hit the European economy, and the major European stock markets will develop individually. The German DAX index fell 5% the day before yesterday and rebounded yesterday, rising 0.3%; French CAC Index and British FTSE 100 Index closed flat. The European Central Bank announced yesterday that interest rates and quantitative easing policies would remain unchanged. President Lagarde said that due to the rebound of the epidemic, the economic recovery rate was worse than expected. The central bank will re-adjust its work in December, suggesting that it may provide more liquidity support. Investors tend to be conservative and sell the euro in a big way. The euro fell to a low level within two months against the US dollar; It is also reported that the Bank of England will decide to increase the scale of asset purchase at the central bank meeting at the beginning of next month, and the plan will be implemented in mid-June next year. Earlier, the Monetary Policy Committee of the Bank of England said, If necessary, the Bank of England will further relax monetary and fiscal policies, including negative interest rates to stimulate the economy and maintain expected inflation. In addition, the risk of Brexit has not been removed, and the pound has fallen against the US dollar. The new york stock market rebounded, and the Dow Jones index rose 0.5% yesterday; The Standard & Poor's 500 Index rose 1.2%; The Nasdaq index still rose by 1.67%, and the US economic data released yesterday was ideal. The GDP of the United States increased by 33.1% in the third quarter, which is a far cry from the retrogression of 31% in the last quarter. The number of unemployed people in the United States continued to fall, with 751,000 people claiming unemployment benefits for the first time last week. Two economic data confirm that the US economy is recovering well. In the past two days, Japan, Canada and the European Central Bank have published the results of interest rate discussions, saying that interest rates will remain unchanged, but the ECB President has hit the euro zone economy due to the epidemic. Suggested that in December, the euro fell sharply, and the dollar became the best safe-haven option. The dollar index once rose above 94 points and closed at 93.93. With the appreciation of the US dollar, gold continued to be under pressure. Yesterday, the price of gold fell to a monthly low. In the early stage, the price of gold rebounded to 1885 US dollars per ounce, but it was weak. After that, it continued its previous decline, and the worst price was 1860 US dollars per ounce. It closed at $1,868 per ounce, down $9. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-29

The COVID-19 epidemic broke out for the second time in many European countries, with France and Spain being the most serious. The number of patients in COVID-19 in France has reached 1.24 million, and that in Spain is close to 1.2 million. More than 0.94 million people were infected in Britain, and more than 480,000 patients were recorded in Germany. Countries introduced more severe social isolation measures to prevent the epidemic from worsening. German Chancellor Merkel spoke in response to the epidemic. Some entertainment venues will be closed, and all services except restaurants and bars will be closed. These measures will be implemented nationwide until December. French President Macron announced that the city was closed again. More stringent than last time, restaurants and bars will be completely closed, and non-essential retail stores will also need to be closed. Universities only teach online and encourage working at home, and people other than those in the Root Convention countries are prohibited from entering the territory. The market is worried that the epidemic situation and isolation measures will seriously hit the European economy. The major European stock markets have fallen across the board, and the German DAX index is the most hurt, falling 5%; The French CAC index fell close to 3.5%; Britain's FTSE 100 index fell about 2.6%. The euro fell against the US dollar, and it is said that the Bank of England will decide to increase the asset purchase scale at the central bank meeting in early next year, and will implement the plan in mid-June next year. Earlier, the Monetary Policy Committee of the Bank of England also expressed that, If prospects permit, the Bank of England will further relax monetary and fiscal policies, including negative interest rates to stimulate inflation, and the news will stimulate the pound to rise against the US. The COVID-19 epidemic in the United States is also worsening. In the past five days, an average of 75,000 new infections have been recorded every day. Experts warned that the second wave of epidemic in the United States was caused by the slack of citizens during the Columbus Day holiday. If the problem persists in the coming Halloween and Veterans' Day, the number of 100,000 cases per day will soon approach. The progress of a new epidemic mitigation plan in the United States is slow, although both sides in the negotiations have expressed their efforts to narrow their differences earlier. However, it is hopeless to reach an agreement before the voting day of the presidential election on November 3, and the market has become pessimistic. In addition, the European stock market has plummeted, and the new york stock market has worsened, and the Dow Jones index has fallen by 3.4%; The Standard & Poor's 500 Index fell 3.5%; The Nasdaq index still fell 3.7%. The deterioration of COVID-19 epidemic in Europe and America was beneficial to improve the safe-haven function of gold, but the stock markets in Europe and America fell sharply, and investors cautiously held US dollars to avoid risks. The highest index of US dollars approached the level of 93.5 points. Gold was under pressure. Yesterday, the lowest price of gold was $1,869 per ounce, and it closed at $1,877 per ounce, a sharp drop of $30. In Monday's weekly review, it was unfortunate that gold prices tested the support of 1880 this week. If the trend falls below 1876, it may depend on whether 1870/1862 can support it. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-28

Yesterday, the COVID-19 epidemic in Hong Kong recorded zero local infection cases for two consecutive days. The Hong Kong Health Bureau announced that from this Friday, bars, nightclubs or nightclubs will be relaxed to a maximum of four people and can operate until 2 am. And restaurants will be relaxed to six people. But the most important thing is that the special government announced that Hong Kong people living in the Mainland will be exempted from compulsory quarantine from next month. Even if there is no doubt that the Chief Executive, Ms Carrie Lam, cares about the motivation of mainland Hong Kong people to reunite with their families from a humane standpoint, will the measures make Hong Kong a chicken coop and let the epidemic get out of control again? At least many medical experts have expressed concern. We must know that the reason for the second outbreak of the virus is that the government is not thorough in implementing the health policy. On that day, the Chief Executive allowed the crew and seafarers who came to Hong Kong to avoid testing and move around at will on humanitarian grounds. Will the Chief Executive do bad things with good intentions again this time?, Besides asking for more happiness, we have to wear masks and wash our hands frequently to protect ourselves. The COVID-19 epidemic broke out again in many European countries, with France and Spain being the most serious, with nearly 1.2 million patients in COVID-19, over 910,000 people in Britain and over 460,000 people in Germany. Countries have introduced more severe social isolation measures to prevent the epidemic from worsening. The market is worried that the epidemic and isolation measures will severely hit the European economy. The major European stock markets have fallen across the board, and the decline rate just reflects the local situation of the epidemic. The most German DAX index fell at least 0.9%; The French CAC index fell by up to 2%; Britain's FTSE 100 index fell about 1%. Foreign exchange investors tend to be cautious, with the pound and euro falling slightly against the US dollar. The COVID-19 epidemic in the United States is also worsening. More than 75,000 new infections were recorded yesterday, and the cumulative number of infected people exceeded 9 million. A new epidemic mitigation plan in the United States is progressing slowly, as described by White House economic adviser Kudla. Negotiations around the new round of economic stimulus plan have not ended, but there are still differences on important issues, which have lost momentum at present. Although both sides of the negotiation expressed earlier that they expected to reach an agreement before the polling day of November 3rd presidential election, However, the market views are different. The consumer confidence of the US September Consultation Conference announced yesterday was 100.9 points lower than that of August 101.3. The new york stock market developed individually, and the Dow Jones index fell 0.8%; The Standard & Poor's 500 Index fell 0.3%; As a number of technology giants, including Facebook and Apple, announced their results, investors increased their holdings in anticipation of performance growth, and pushed up the Nasdaq index to 0.6%. The price of gold rose 5 dollars yesterday to close at 1,907 dollars per ounce. The highest is only up to $1,909 per ounce, and the lowest is $1,898 per ounce. The deterioration of the COVID-19 epidemic in Europe and America was beneficial to improve the safe-haven function of gold, but the US dollar index returned to the level of 93 points, suppressing the increase of gold price, and the presidential election is just around the corner. There are uncertain factors in the election results, investors are more cautious in strategy, and the price of gold is still in a narrow fluctuation pattern before the election. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-27

The COVID-19 epidemic hit many European countries for the second time, and France was the most serious. It overtook Spain in less than three days after becoming the second country with one million cases in Western Europe, and became the country with the most recent cases in Western Europe. Based on the rebound of the epidemic, countries immediately introduced more severe social isolation measures. The market worried that the epidemic and isolation measures would severely hit the European economy. In addition, the German business index released yesterday recorded the first decline since June. Major European stock markets fell across the board, and the German DAX index fell 3.7%; The French CAC index fell 2%; Britain's FTSE 100 index fell about 1.5%. Earlier, European Central Bank President Lagarde said that he noticed that many European countries recently adopted new epidemic prevention measures to control the COVID-19 epidemic, which offset the European Central Bank's 1.35 trillion euro stimulus plan. Governments are called upon to continue to provide financial support to help the economy recover from the new outbreak. However, although the European Central Bank indicated that it would continue to provide support, there was still no new specific stimulus plan, and foreign exchange investors took the lead in avoiding risks, and the pound and the euro fell against the US dollar. The US presidential election was held on November 3, and the latest opinion polls showed that Biden was slightly ahead by about 6%. However, the black material that appeared in the Biden family last week was revealed by the media that Biden Jr. was suspected of using his father, Biden Sr., as the vice president of the United States. It will be the turning point of this election whether Biden Sr. knows or even benefits from all kinds of illegal means of collecting money. In fact, one of the hot topics recently searched on the Internet in the United States is "How to change the ballot options that have been mailed out". We should know that mailing votes is an election strategy supported by Biden. More than 50 million votes have been mailed, and it is estimated that two thirds of them voted for Biden, and the willingness to vote is rising. The results of this US presidential election are unpredictable. Because the Senate President of the United States is controlled by the Democratic Party of the United States, the Trump administration is deeply mired in lame duck administration. On October 18, the Speaker of the House of Representatives Pelosi decided that the Trump administration should propose a new epidemic mitigation plan. Although Pelosi continued to discuss with U.S. Treasury Secretary Mnuchin and pointed out that the differences were narrowing, it was thought that only the differences in quotas were a cover. When Trump said that he was willing to support Pelosi's proposal to increase the amount based on the $1.8 trillion, Pelosi said it would be upgraded to a $2.2 trillion project, and all expenditures should be controlled, including the vaccine funding plan. Investors saw that there was little hope of launching a new epidemic relief plan before the election, and the new york stock market plummeted. The Dow Jones index fell 2.7%; The Standard & Poor's 500 Index fell 2.2%; Nasdaq index fell 1.9%. Yesterday, the price of gold closed at 1902 US dollars per ounce with no increase in volatility. Although the COVID-19 epidemic rebounded, gold became a safe-haven asset and was favored by investors. The highest price of gold rose to 1909 US dollars per ounce yesterday, but the US dollar index returned to 93 points. Pulling back the rising trend of gold price, the worst has fallen below the level of 1900 to see $1,892 per ounce. Before the results of the US presidential election, investors' strategies have become more conservative, and it is difficult to have big and big market conditions. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-26

The COVID-19 epidemic is getting worse in Europe, and the number of newly infected people has doubled in just two weeks. After Spain, France has recorded more than 1 million new crown cases, becoming another country in Europe with a million cases. European Central Bank President Lagarde said at the annual meeting of the International Monetary Fund earlier that he noticed that many European countries have recently adopted new epidemic prevention measures to control the COVID-19 epidemic. This offset the European Central Bank's 1.35 trillion euro stimulus package, and called on governments to continue to provide financial support to help the economy recover from the new outbreak. And he finally said that the central bank will continue to provide support. The market predicted that the European Central Bank might increase its emergency asset purchase program before the end of the year, and the remarks made investors reduce their holdings of euros to avoid risks at the beginning of this week. The deadline set by British Prime Minister Johnson for Brexit trade negotiations continued. Banier, the chief negotiator of the European Union, arrived in London last Thursday to restart the Brexit trade negotiations, and the British Department of International Trade took the lead in revealing it before the meeting. They have reached temporary trade agreements with four non-EU European countries such as Switzerland. The UK has more bargaining chips, which is conducive to the British side gaining an advantage at the negotiating table. The pound has risen for seven consecutive weeks last week; The euro also rose last week. The last debate of the US presidential election was held last Thursday. All circles assessed that both sides performed quite well on that day. I believe both sides can't pull their opponent fans to support themselves in this debate. The latest opinion polls show Biden leading slightly by about 5%. However, black materials appeared in the Biden family last week, and Biden Jr. suspected to use his father, Biden Sr., as the vice president of the United States at that time to carry out various illegal means of collecting money. Will things continue to ferment into Trump's surprise for re-election? And more than 50 million voters in several States have mailed out votes. Can these mailed votes make Biden win? You can prepare peanuts to see the results on November 3rd. The economic data released by the United States last week showed that the local economy continued to improve. The number of people claiming unemployment benefits for the first time in the United States last week was 787,000, which was lower than 800,000 for the first time since February. The number of people who continue to apply for unemployment benefits has also decreased from 9.39 million in the previous statistics to 8.37 million. Improving the employment figures is the most powerful tool to boost the economy, and can raise various consumption budgets in the future. Another figure is that the sales of finished houses in the United States reached 6.54 million last month. Housing is a long-term investment. Apart from the full confidence of home buyers in the future economy, it also depends on the current low interest rate environment. Economic data makes the dollar stronger. Gold is sensitive to the trend of the US dollar, which fluctuated with the US dollar index last week. The highest rose to 1931 dollars per ounce, and the worst fell below 1900 to 1895 dollars per ounce. Last week, it closed at 1901 dollars per ounce and rose slightly by 2 dollars per week. Last week, the price of gold broke through the false upward trend and returned to the closed triangle to find a new direction. The news that Remdesivir officially became the world's first drug to treat COVID-19 pneumonia, and the new round of fiscal stimulus plan in the United States only heard the stairs ringing, and the delay in reaching an agreement, coupled with the uncertainty of the US presidential election, The gold price may be revised downward this week to test the support of 1880. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-23

Banier, the chief negotiator of the European Union, arrived in London yesterday to restart the Brexit trade negotiations, and both sides took a positive attitude. The joint statement in the signed memorandum mentioned that, "Unless agreed by both parties, negotiations will be conducted every day, including weekends. Unless a final comprehensive agreement is reached, nothing agreed in the negotiation process will count. 」 However, Britain knows the way of negotiation and is very playful. First, Prime Minister Johnson said that he was ready to leave the EU without agreement, and set a dead line for negotiations, putting pressure on the euro zone by hard Brexit. Before the EU representatives returned to the negotiations, the British Department of International Trade took the lead in revealing yesterday that they had reached temporary trade agreements with four non-EU European countries such as Switzerland; In this way, Britain has more bargaining chips, which is beneficial to Britain. Major European stock markets developed individually, and the German DAX index fell 0.1%; The French CAC index fell by .05%; Britain introduced new economic aid measures to provide billions of pounds of financial aid to enterprises hit by the epidemic. Britain's FTSE 100 Index rose about 2%. Foreign exchange investors took profits, with the pound falling by about 1% against the US dollar from a six-week high, while the euro dropped slightly by about 0.4% against the US dollar. The economic data released by the United States yesterday showed that the local economy continued to improve. The number of people claiming unemployment benefits for the first time in the United States last week was 787,000, which was better than the expected 860,000, and it was the first time since February that it was lower than 800,000. The number of people who continue to apply for unemployment benefits has also decreased from 9.39 million in the previous statistics to 8.37 million. Improving the employment figures is the most powerful tool to boost the economy and raise various consumption budgets in the future. Another data is that the sales of finished houses in the United States reached 6.54 million last month, breaking the record of 5.98 million in August again. Housing is a long-term investment, and besides home buyers have full confidence in the future economy, It also depends on the current low interest rate environment. Economic data makes the dollar stronger. Gold is sensitive to the trend of the US dollar. Yesterday, due to profit-taking by foreign exchange investors, both the British pound and the US dollar and the euro softened. The ideal US economic data released yesterday also made the US dollar appreciate. Compared with other non-US dollar currencies, the price of gold is not cheaper. In addition, the Remdesivir of Gilead Pharmaceutical Factory has been approved by the US Food and Drug Administration, officially becoming the world's first drug to treat COVID-19 pneumonia. Yesterday, the gold price fell below the 1900 level at worst to see $1,895 per ounce. Fortunately, investors hoped that a new round of US fiscal stimulus plan could reach an agreement, which limited the decline of gold price, and finally the gold price fell by $20. It closed at $1904 per ounce. In the trend, gold is also consolidated from the recycling triangle. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-22

The long-rumored news of Cathay Pacific layoffs in Hong Kong was finally confirmed yesterday. A total of 8.5 thousand people were laid off in the world, while Hong Kong accounted for 62% of the number of president reductions, close to 5.3 thousand people. Staff who can stay in office are also required to accept the pay reduction arrangement. An industry, which once attracted many Hong Kong university graduates, has now degenerated into the largest single-company layoffs in Hong Kong history. It's unfortunate! However, the cause is that COVID-19 pneumonia broke out all over the world, and the epidemic prevention and isolation measures in various countries have greatly hit the aviation industry. Take Hong Kong as an example, the average daily flight times in the worst time are less than 10% before the epidemic! However, it seems that the epidemic can't be suppressed, and it has become more serious in Europe. In just two weeks, the number of newly infected people has doubled, with more than 1 million cases in COVID-19, Spain, becoming the country with the most cases in Europe. In France, more than 900,000 people have been infected, and many European countries have to implement stricter and longer-term epidemic prevention measures. The only consolation is that the market spread that before the end of this year, Two COVID-19 vaccines will be approved for marketing by the US Food and Drug Administration. There seems to be a turning point in the issue of Brexit. British Prime Minister Johnson said that he has agreed to continue to discuss with the EU, but does not guarantee the success of the negotiations. It is reported that the representatives of the UK and the EU will discuss controversial issues in a close manner in the future. I hope to reach a consensus within three weeks. The news caused the pound to soar by 1.6% against the US dollar, while the euro also rose by about 1% against the US dollar. The major European stock markets developed individually, and the German DAX index fell by 1.4%; French CAC index fell 1.5%; The FTSE 100 Index fell about 2%. In the United States, the new round of fiscal stimulus package also sent good news. US House Speaker Pelosi continued to discuss with US Treasury Secretary Mnuchin, pointing out that differences are narrowing. Will continue the discussion tomorrow. With the progress of the market closure plan, the new york stock market repeatedly fell, and the Dow Jones index fell by 0.35%; The Standard & Poor's 500 Index fell 0.22%; Nasdaq index fell 0.28%. The new round of US fiscal stimulus plan is expected to be passed, coupled with the strong trend of British pound and Euro, and the pressure on the US dollar, the US dollar index fell below 93 points, and the lowest fell to the low of 92.47 points in two months, closing at 92.64 points. The price of gold rose repeatedly yesterday. Affected by the weakening of the US dollar index and the unstable political situation in the US presidential election, the price of gold began to exert its strength from the opening price of 1907 US dollars per ounce, reaching a maximum of 1914 US dollars per ounce. The highest price was $1931 per ounce, and finally closed at $1924 per ounce, up $17. If it stabilizes at $1,920 in the short term, it is still expected to challenge yesterday's high, otherwise, it will break through and be consolidated from the recycling triangle. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-21

The second debate of the US presidential election, which was originally scheduled to be held on October 19th, was cancelled because the General Assembly paid attention to Trump suffering from COVID-19 pneumonia, that is, this Thursday was the last debate between the two presidential candidates. At this stage, the two are very different in their election strategies. Trump, who has low public support, still runs around and canvasss in different States; On the contrary, Biden, who has a high degree of public support, went back to his hometown to rest. Save your energy for the last debate. Although the public opinion of the two presidential candidates is high and low, according to the recent public opinion survey, the final result is a 51/49 dispute, and Biden is only slightly ahead by 2%. There is a big gap compared with the results that Biden won by 10% in the past survey. In just less than a month, the polls have been so close. There are two main reasons. First, Trump successfully overcame COVID-19 pneumonia and returned. Fall by the heroic people in the United States. Second, the Biden family sent out negative news, and the old Biden case and his son Hunter were involved in international corruption, while former new york Mayor Giuliani said that he had received more evidence. It will be shown before October 22nd, and the news is extremely unfavorable to Biden. It is worth noting that, as this election coincides with the COVID-19 epidemic, more than one million voters in several States have mailed out their votes, which means that the real vote lags behind the opinion polls, and the gap should be greater than 2%. On the other hand, the arrangement of mailing votes is exactly what Trump opposes. Trump has threatened earlier that he will not surrender the presidential power even if he does not win the presidential election. In other words, once Biden wins with a slight number of votes, Trump will definitely make an election petition and take legal actions to prevent Biden from taking office as president of the United States. There will be political chaos in the United States for at least four to six months. Yesterday, the issue of Brexit remained unresolved. Britain insisted that the EU should make more concessions on trade terms, but there was a turning point. At least the meeting could continue after the deadline set by British Prime Minister Johnson. The news sent the euro up against the dollar, while the pound remained flat against the dollar. The major European stock markets developed individually, and the German DAX index fell by 0.9%; French CAC index fell 0.3%; Britain was also flat, rising by less than 0.1%. Coincidentally, after the new round of US fiscal stimulus plan was rejected by US House Speaker Pelosi earlier, yesterday was set as the deadline for negotiations, but Pelosi was still discussing with US Treasury Secretary Nuchin yesterday. He pointed out that the differences narrowed and the discussion will continue tomorrow. The news made the US dollar soft, and the US dollar index fell to a one-month low and once fell below 93 points to close at 93.09 points. The price of gold fluctuated yesterday, with the lowest price reaching $1,895 per ounce, which was all about the trend of the US dollar. Thanks to the decline of the US dollar, the highest price reached $1,914 per ounce. However, the market announced that the new crown vaccine will be approved to limit the increase of gold price this year. At last, it closed at $1,907 per ounce, rising by $3, with a breakthrough in outlook. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-20

The second debate of the US presidential election, which was scheduled to be held yesterday, was postponed for one week because the General Assembly was concerned that Trump had suffered from COVID-19 pneumonia, and the host media changed the time slot to an interview program with two presidential candidates. On the program, both parties interviewed were more restrained in speech than in the previous debate, and the targeted speech was also a new bottle of old wine. Biden criticized Trump for concealing the seriousness of the COVID-19 epidemic and controlling the epidemic; Trump accused Biden of having good relations with China, saying that if Biden wins, China wins. According to the recent public opinion survey, the final result is still 51/49, and Biden is only slightly ahead, which is a big gap from the previous survey that Biden won by 10%. After careful study of the opinion poll, we find that the poll data of several swing states are not obvious, and they have a decisive influence on the election results, which increases the uncertainty of this election. What has brought the polls closer in less than a month? For the time being, let's pay attention to the political and economic impact after the election of the two men. Trump was the last president. Although his ideas were erratic, he should continue the previous policies. The Republican Party's line of putting business interests first remains unchanged. Biden was born in the Democratic Party. Before his party friend was elected president, he took people's welfare as the premise to consolidate his political foundation. For example, Clinton's "Read my lips-tax exemption" or Obama's "Obama cares", Almost as much as the amount of a new epidemic mitigation plan, etc ... Once Biden is elected, experts estimate that he will tend to open a large warehouse to send money to the public, and increase the profit tax to ask businessmen to find the numbers on his behalf, and the China policy may be hard first and soft later. Yesterday, the issue of Brexit remained unresolved. However, there seems to be a turning point. British business organizations have demanded that Britain should reach an agreement with the EU and not leave the EU illegally, so as not to increase the risk of British businessmen doing business in Europe. British negotiators have also suggested that Johnson, a hot figure, should not be allowed to negotiate with EU members. Negotiations will continue. Affected, the pound rose, but the major European stock markets fell by 0.1% to 0.6% across the board. The market is still concerned about the progress of the new round of fiscal stimulus plan in the United States. Investors tend to be conservative. US stocks continued to fall yesterday. The Dow Jones index closed at 28,195 points, down 411 points or 1.44%; The Standard & Poor's 500 Index reported 3427 points, down 57 points or 1.63%; Nasdaq index closed at 11479 points, down 193 points or 1.65%. The rise of the pound once put pressure on the US dollar, and the US dollar index was as low as 93.2 points. However, the new york stock market fell, and investors took refuge in the US dollar, which caused the US dollar to rebound and the US dollar index closed at 93.43 points. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-19

The US dollar was favored by investors in the middle of last week, and the US dollar index pointed directly at the 94 mark. In the latest World Economic Outlook, the International Monetary Fund raised its global economic forecast for the whole year to shrink by 4.4%. Compared with the forecast in June this year, it is raised by 0.8%, but the forecast of economic growth next year is lowered to 5.2%, which is 0.2% lower than the previous forecast. Put in the economic forecast of advanced economies, The International Monetary Fund estimates that the economies of the United States and the Eurozone will contract by 4.3% and 8.3% respectively this year, and will grow by 3.1% and 5.2% respectively next year. The British economy is estimated to contract by 9.8% this year, It will rebound by 5.9% next year; The report shows the fact that the U.S. economy is superior to Europe in the short term, with the dollar rising while the pound and euro falling. European Central Bank President Lagarde said at the annual meeting of the International Monetary Fund last week that he noticed that many European countries have recently adopted new epidemic prevention measures to control the COVID-19 epidemic. This offset the European Central Bank's 1.35 trillion euro stimulus package, and called on governments to continue to provide financial support to help the economy recover from the new outbreak. And he finally said that the central bank will continue to provide support. The market predicted that the European Central Bank might increase its emergency asset purchase program before the end of the year, which made investors reduce their holdings of euros to avoid risks. Australian Federal Reserve Chairman Lowe said last Wednesday that Australia's economy is recovering, but employment data is fragile, and household income is likely to fall in the fourth quarter of this year. He said that we can't rely on the previous interest rate policy to stimulate inflation. The Reserve Bank of Australia may cut the interest rate to 0.1%, and is also considering the benefits of buying longer-term government bonds and quantitative easing. The news caused the Australian 10-year bond yield to drop by 7 basis points and affected the Australian dollar to drop sharply against the US dollar. Last week, Speaker of the US House of Representatives Pelosi vetoed a new epidemic mitigation plan proposed by the Trump administration. U.S. Treasury Secretary Nuchin said that before the election, due to the differences between the two major parties in the United States, it was difficult to make progress in the short term, and Pelosi also set a dead line for negotiations with the White House against customers. Tuesday is the deadline for negotiations, otherwise the new stimulus bill agreement cannot be reached before the general election. The gold price was frustrated by the strengthening of the US dollar last week, and central banks around the world had the opportunity to cut interest rates and increase quantitative easing policies. The risk of hard Brexit made investors tend to hold US dollars. In addition, with only three weeks left in the US election, investors regard the US dollar as a safe-haven asset, and the appreciation of the US dollar directly hits the gold market. The gold price began to fall at last week's high of 1926 US dollars per ounce. The lowest price was $1,882 per ounce, and it closed at $1,889 per ounce, with a total drop of $27 a week. The price of gold has not yet fallen below the upward trend line, and it was supported in 1880 in the short term. And make a convergence triangle with the descending line, and are seeking breakthrough opportunities. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-16

One more member of the White House family was infected with COVID-19 pneumonia. The first lady of the United States, melania, posted on the official website of the White House, sharing her experience of diagnosis, and revealed that Barron, the 14-year-old son of US President Trump, The news of newly diagnosed pneumonia at one time earlier. Melania said that after she and Trump confirmed the diagnosis, Barron was tested for the virus immediately, and the result was negative, but when tested again later, the result was positive. At present, both her and Barron's test results are negative. One of Trump's competitors Biden camp also tested positive for virus. It is said that this campaign team member was on the same plane with Biden on the 12th and 13th of this month. I flew to Ohio and Florida to participate in the campaign, but Biden did not have close contact with the member, so there was no need for isolation. Yesterday, the global stock market fell. Due to the rising number of pneumonia cases in COVID-19, governments of various countries continued to take stricter social measures to control the epidemic, stimulating investors to reduce their risky assets, and the major Asian stock markets fell. Except for Hong Kong, which fell the most by more than 2%, the rest fell by 0.5% to 0.8%; EU leaders held a summit in Brussels, Belgium for two days in a row. German Chancellor Angela Merkel said at the EU summit that in terms of economy, We can't afford the Asian wave epidemic, but paradoxically, less than an hour after the meeting, European Commission President Ursula von der Leyen said that he had contacted the confirmed patients of new pneumonia and decided to leave the meeting immediately for isolation. Major European stock markets are obviously linked to the epidemic, with a decline ranging from 1.8% to 2.4%; The negative sentiment that the US rescue plan is difficult to make progress continues to flourish in the market. The three major indexes in new york recorded a decline, ranging from 0.07% to 0.47%. The US dollar index rose with the market risk aversion, with the highest rising nearly 94, closing at 93.78, an increase of more than 0.4%. Yesterday, the price of gold was rising because of the pneumonia in COVID-19, and investors became better as safe-haven assets. However, the appreciation of the U.S. dollar limited the increase of gold, reaching a minimum of $1,889 per ounce, and finally closing at $1,908 per ounce close to yesterday's high, up $6. The price of gold has not yet fallen below the upward trend line, And make a convergence triangle with the descending line, and are seeking breakthrough opportunities. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-15

Australian Federal Reserve Chairman Lowe said yesterday that Australia's economy is recovering, but employment data is fragile, and household income is likely to fall in the fourth quarter of this year. He said that he can't expect to rely on the previous interest rate policy to stimulate inflation. The Reserve Bank of Australia may cut the interest rate to 0.1%, and is also considering the benefits brought by purchasing longer-term government bonds and quantitative easing. Australian 10-year bond yields fell by 7 basis points. Affected by the news, the Australian dollar fell sharply against the US dollar. On October 15th, the dead line of Brexit negotiations is just around the corner. British Prime Minister Johnson seems to be willing to continue negotiations with a soft attitude. The German representative of the EU member also tried to sort out the progress, saying that the EU should be more pragmatic on the more controversial fishing issue. Brexit without agreement may not be implemented at that time. The pound rebounded against the US dollar yesterday. While the concession euro rose against the dollar. COVID-19 pneumonia has been spreading in Europe, which has caused investors to worry about the implementation of greater social blockade measures by local governments to crack down on the economy. Major European stock markets have developed individually. The FTSE index in London closed at 5935 points. It fell 34 points or 0.58% and has fallen for 3 consecutive days; Paris CAC index reported 4941 points, down 5 points or 0.12%; German stock market rose, and Frankfurt DAX index reported 13028 points, up 9 points or 0.07%. U.S. Treasury Secretary Nuchin said that before the election, because of the differences between the two major parties in the United States, it was difficult to make progress in the short term, which affected investor sentiment. The U.S. stock market fell and the Dow Jones index closed at 28,514 points. Down 165 points or 0.58%; The Standard & Poor's 500 Index reported 3488 points, down 23 points or 0.66%; Nasdaq index reported 11768 points, down 95 points or 0.8%. The US dollar index fell, which was mainly affected by Australia's interest rate cut and Europe's European Central Bank's implementation of quantitative easing. In addition, the Brexit negotiations may continue, which made the pound stronger. The US dollar fell from 93.67 to 93.25 and closed at 93.4. Yesterday, the price of gold rebounded due to the weakening of the US dollar index, and the highest price rose to 1913 US dollars per ounce. However, US Treasury Secretary Nuchin said that it was difficult to make progress in the short term, which affected investors' risk aversion and the price of gold took profits. The final price was $1902 per ounce, up $10. The price of gold has not yet fallen below the rising trend line, and has a convergence triangle with the falling line, so it is seeking a breakthrough opportunity. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-14

昨日熱帶氣旋「浪卡」襲港，天文台在昨日大部份時間掛起8號風球，香港因而股市停開；而內地股市經長假之後亦穩步上升， 滬深兩地股市已分別連升第三及第五個交易日，內地A股價格不斷攀升，令內地股市總市值再度突破10萬億美元， 距離2015年A股大牛市高峰期的總市值僅差1百億美元。內地股市是半封閉的交易市場，這次整體股市值逼近歷史新高， 除了受惠於中央政策鼓勵交投之外，不斷有優良公司上市或高科技公司考慮美國市場危機，選擇將股票在內地以第二市場地位上市， 而人民幣的強勢亦在推動A股有積極作用，可見將來內地股市總市值再闖高峰是必然的事。 有國際貨幣基金組織委員在其網誌指出，中國在應對新冠疫情積極，故可以更快及以更少政府資源去改善當地經濟， 而中國經濟活動及股票市場亦已反映走出疫情恐懼，間接為人民幣國際化創造更有利條件。與此同時， 國際貨幣基金組織在最新《世界經濟展望》上調中國今年經濟增長預測至1.9%，高過之前預測的1%；明年更預測增長8.2%。 在同一份報告，國際貨幣基金組因見各國織經濟在3季有較強復甦跡象，上調今年全年環球經濟預測至收縮4.4%，較今年6月的預測上調0.8%， 但下調明年經濟增長預測至5.2%，較之前預測低0.2%。置於對先進經濟體的經濟預測，國際貨幣基金估計美國和歐元區今年經濟分別收縮4.3%和8.3%， 明年則分別增長3.1%和5.2%。英國經濟今年估計收縮9.8%，明年則反彈5.9%。 歐洲主要股票市場皆下跌，跌幅0.5%至09%不等；美股亦難逃一劫，美國眾議院議長佩洛西否決特朗普政府提出新一份疫情紓緩方案，影響投資者信心， 道瓊斯指數收報28680點，跌157點或0.55%；標準普爾500指數報3512點，跌22點或0.63%；納斯達克指數收報11864點，跌12點或0.1%。歐美股市下挫， 促使投資者多持美元避險，加上英國脫歐談判死綫在即，英國無協議下脫歐的不穩定因素亦令英鎊及歐元下跌， 而美國新一份疫情紓緩方案的再度推遲令投資市場趨向保守，美元指數由93.03升至93.6，以93.53報收。金價昨日歐亞時段在1910至1925美元震盪， 美市時段美國新一份疫情紓緩方案的再度推遲消息，使美元大漲，金價受拖累，收市報每盎司1891美元，跌32美元。金價受投資者注視美元而轉弱，或會再度考驗1880水平。 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/joinchat/OEEaFRuyX_MDm6c8C1qbug    

2020-10-13

When attending the annual meeting of the International Monetary Fund, European Central Bank President Lagarde said that he noticed that many countries in Europe have recently adopted new epidemic prevention measures to control the rebound of COVID-19 epidemic in various countries. This offset some of the European Central Bank's stimulus plan that had previously passed the emergency asset purchase plan of 1.35 trillion euros to support the rescue measures of member governments. We call on all governments to continue to provide financial support to help the economy recover from the new epidemic, warn against withdrawing the relief measures too early, and hope that all governments can understand that even if the economic recovery continues, The relief measures must also be maintained for some time. Finally, Lagarde said that the central bank will continue to provide support. The market expects that the European Central Bank may increase its emergency asset purchase program. Major stock markets in the euro zone benefited from the above news and performed well, with German and French stock markets both rising by about 0.7%. The London stock market fell, and British Prime Minister Johnson announced a new round of restrictions to deal with the spread of the epidemic. In addition, the deadline for the negotiation of the trade agreement between the UK and the EU expired on Thursday, and investors' attention to the results of the negotiations made the investment atmosphere cautious, dragging down the FTSE index by 0.25%. The market hopes that the United States will reach an agreement on a new round of fiscal stimulus plan, and looks forward to the improvement of corporate performance in the new quarter. US stocks did well in the early part of Monday, and the Dow Jones index closed at 28,837 points. Up 250 points or 0.88%; The Standard & Poor's 500 Index reported 3537 points, up 57 points or 1.64%; Nasdaq index performed best, because Apple will hold a press conference and is expected to announce the iPhone 12 sales arrangement. Apple's share price rose 6% and led other technology stocks to rise. Finally, Nasdaq index closed at 11876 points, up 296 points or 2.56%. The US dollar index fell, which was affected by the European Central Bank's emergency asset purchase plan, and the Bank of England sent a letter to the banking industry to inquire about the preparations for the implementation of zero interest rate or negative interest rate; The Bank of England announced last month that, Considering that a negative interest rate policy will be introduced when necessary, this inquiry increased the UK's interest rate reduction intention and constituted the reason for the decline of the British pound. The US dollar index rose from a low of 93.04 to close at 93.15. Gold prices retreated yesterday after rising by $37 on Friday, closing at $1920 per ounce, down $3. Yesterday, the highest price of gold was $1926 per ounce, and the lowest price was $1919 per ounce, with a volatility of only $7. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-12

Last week, the process of reaching an agreement on a new round of fiscal stimulus in the United States changed dramatically, and the plot reversed again and again. On Monday, US House Speaker Pelosi said, I am confident that I can reach a consensus with my party friends and Republican lawmakers, but US President Trump tweeted at 2 pm local time in the United States on Tuesday, expressing dissatisfaction with Pelosi's sincerity. Trump said that the Republican Party had given a very generous $1.6 trillion plan, while Pelosi and the senators of the Democratic Party of the United States did not mean to negotiate in good faith, so he ordered his representatives. Stopped negotiations with Congress on the new bail-out plan, saying that discussions would be postponed until after the November 3 general election. His post caused the three major stock indexes in new york to close down by 1.3% to 1.5%. I don't know if Trump saw that the stock crash would affect the election. Twelve hours later, US President Trang pushed a sudden message again, which reversed the story again, saying that he was willing to sign a $1,200 national stimulus check to the public. And support airlines and new small business relief programs. However, Pelosi objected this time, reiterating that there is only a new round of fiscal stimulus package as a whole, and will not support any part of the aid package. However, Federal Reserve Chairman Powell warned earlier that the US economy has not fully recovered, and called on the government to provide more help to enterprises and families. The market interprets the new aid program as a political bargaining chip, Finally, an agreement will be reached. Trump's remarks made US stocks retaliate, rising by 1.7%-1.9% respectively, completely recovering the previous losses. The global COVID-19 epidemic is expanding, but there are also good news; When US President Trump was admitted to Walter Reed National Military Medical Center for treatment of COVID-19 pneumonia, "Regenerative Yuan", a pharmaceutical company that provided an "antibody cocktail therapy" that was still in the experimental stage, announced yesterday last Thursday. It indicates that it has applied to the US Food and Drug Administration for emergency use authorization for its SARS-CoV-2 antibody therapy. It is reported that Trump promised earlier that if he applied for emergency authorization, the government would provide the initial dose to the American people free of charge. And is responsible for distributing epidemics. US President Trump's export skills made waves in the market, and the price of gold was not spared. Last week, the lowest price was $1,873 per ounce, and the market confirmed that the market interpreted the new aid program as a political bargaining chip. In the end, an agreement will still be reached, expecting that the new US dollar will lead to the downward adjustment of the US dollar. The gold price failed to retry the level of US$ 1,900 per ounce when it opened on Monday, but it successfully broke through on Friday and closed at a full-day high of US$ 1,937 per ounce. A total of $37 rose in one week, and recorded an increase of $37 for two consecutive weeks, indicating that the price of gold gradually strengthened. There is an unstable political situation in the United States before and after the presidential election, which is conducive to the trend of gold. The trend also broke through the trend line extended on August 7th, and gold has the opportunity to challenge the $ 1937/1950 upward again. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-09

Continuing Trump's good news, the European and American stock markets were full of scenery yesterday. Trump confirmed in his media interview yesterday that he was willing to sign a $1,200 national stimulus check to the public. He also supported the airlines and the new relief plan for small businesses, saying that the negotiations were progressing well and he was confident that an agreement would be reached. On the other hand, Pelosi, the Speaker of the House of Representatives and a Democratic Party member, threw cold water on it. Reiterate that there is only a new round of fiscal stimulus package as a whole, and will not support any part of the aid package. However, Federal Reserve Chairman Powell warned earlier that the US economy has not fully recovered, and called on the government to provide more help to enterprises and families. The market interprets the new aid program as a political bargaining chip, and will eventually reach an agreement. Back to the Brexit negotiations, both sides said they intended to resolve their differences. However, because both sides have to protect their own interests, there is still no progress. British Prime Minister Johnson said that if the problems between the two sides cannot be resolved before October 15, Britain will leave the EU without agreement; However, the Bank of England is willing to provide assistance for bank liquidity and avoid the capital gap when leaving the EU, indicating that it is necessary to study open-end funds, including money market funds. After leaving the European Union, Britain will also need to maintain at least the same level of quantitative easing as at present, and the central bank will also need to respond to market needs and make its policies more flexible. Words put pressure on the European market, and the pound fell back. When investors are focused on the news of the new round of fiscal stimulus plan in the United States, there is another good news; When US President Trump was admitted to Walter Reed National Military Medical Center for treatment of COVID-19 pneumonia, The pharmaceutical company that provides an antibody cocktail therapy that is still in the experimental stage: Regeneration Yuan announced yesterday that it has applied to the US Food and Drug Administration for emergency use authorization for its antibody therapy in SARS-CoV-2. It is reported that Trump promised earlier that if he applied for emergency authorization, the government would provide the American people with the initial dose free of charge and be responsible for the distribution. New york stock market was supported at the beginning. Yesterday, the price of gold tried to challenge the 1900 level, but at around 22:00 Hong Kong time, the price of gold suddenly retreated by US$ 10. Some people think that the number of people who applied for unemployment benefits for the first time in the United States came out last week. Although the number of 840,000 was less than the last published record, But it was worse than expected. However, the real reason should also be related to vaccines, which is related to the statement made by US Health Secretary Azar at that time that emergency use authorization is appropriate only when sufficient doses of vaccines have been produced. It is predicted that by the first quarter of next year, every American in need will get enough dose of COVID-19 vaccine. His speech seemed to imply that the application for approval of "renewable yuan" was a mass production issue, not a safety issue. Investors immediately sold gold with strong safe-haven ability, which caused the price of gold to drop sharply during that period. Finally, it closed at $1,893 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/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-10-08

美國昨日公佈聯邦公開市場委員會的會議記錄，會議記錄顯示，與會委員根據最近數據，認為經濟在第二季水平復甦的速度快於預期，但仍大大低於疫情前的水平。有委員表示他們的前景需要額外的財政支持，好使能刺激通漲能達到之前所訂立的略為高於2%的水平，記錄亦顯示有機會調整量化寬鬆，加大發債規模多一陪，並提出如果未來的財政支持比預期的要小得多或大大少於預期，那麼復甦的步伐可能會慢於預期。 而美聯儲主席鮑威爾亦在早前發出警告，美國經濟仍未完全復甦，若新冠病毒未能得到有效控制，導致經濟增長未能持續，美國經濟將再度下跌，呼籲政府向企業和家庭提供更多幫助。鮑威爾表示，貨幣政策和財政政策應繼續一起為美國經濟提供支持，直到經濟明顯擺脫困境。鮑威爾補充說，政策支持過多給經濟造成的風險，要小於支持過少帶來的風險，即使最終證明實際政策行動超出了需要，那也不會白費力氣，因復甦將更強勁、更快。 美國總統特朗普在前日美國當地時間下午二時在推突發文，表示不滿眾議院議長佩洛西的誠意，特朗普已下命令他的代表，叫停與國會磋商新紓困計劃，稱押後至11月3日大選後才恢復商討。貼文破滅了市場對美國將會就新一輪財政刺激方案達成協議的憧憬，引致美國股市大跌；但十二小時後，美國總統特朗又在推突發文，令劇情再度反轉，表示他願意簽署1200美元的國家刺激支票給市民，並支持航空公司和新的小企業救濟計劃。消息令美股在昨日昨報復性反彈：道瓊斯工業指數上升了1.9%，標普指數則升1.74%，而納斯達克指數亦升了1.88%，完全收復早日失地 金價昨日也隨美國總統特朗普的最新貼文而反彈，預期新一輪財政刺激方案會有進展，金價最高升至每盎司1898美元，最低見每盎司1873美元，以每盎司1888美元報收，漲10美元。   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/joinchat/OEEaFRuyX_MDm6c8C1qbug