Gold market analysis

2020-11-16

Novel coronavirus's fatigue continues to deteriorate, with nearly 1.3 million confirmed deaths worldwide and over 54,700 cumulative infections in novel coronavirus worldwide. In the United States, there were 188,000 cases of infection last week. There are more than 100,000 patients in 10 consecutive days. In Europe, Italy has also added millions of clubs, which is the fifth European country after France, Russia, Spain and Britain to record more than 1 million new crown cases. Last Monday, there was shocking news in the market. Pfizer Pharmaceuticals of the United States and German Biotechnology made good progress in the vaccine root against novel coronavirus. According to Pfizer's announcement, the preliminary data from the third stage showed that, The test results show that the vaccine is more than 90% effective. The representative of the company said that the present stage does not mean that the vaccine can be available in a short time, but the data will help to apply to the US Food and Drug Administration and use the vaccine in an emergency. Moderna, an American drug, and AstraZeneca, a British drug, are also trying to apply to the US Food and Drug Administration for emergency use permission before the end of the year. Moderna even said that its test results are strikingly the same as Pfizer's! Not to be outdone, Russia pointed out that the effectiveness of the self-developed COVID-19 vaccine "Satellite 5" reached 92%. Affected by the vaccine news, investors look forward to getting the economy back on track, adjust their risk bias, and the global stock market rebounded at a low level. Calculated from the low level on Monday, the Hang Seng Index rose by 0.6% a week; Major European stock markets responded best, The German DAX index rose by 2.9%; French CAC index rose 6.9%; The FTSE 100 Index also rose 3.5%. The new york stock market is led by traditional economic shares, and the Dow Jones index has risen by about 1%; The Standard & Poor's 500 Index rose 1.8%; Nasdaq index rose 3%. It has been almost two weeks since the US presidential election voted. Although Biden, the US Democratic Party, claimed to have won the election, the counting of votes has not yet been completed. Trump said on the social networking page that Biden won illegally. This is the first time he admitted that he lost the election, but he left a message again later. There is still a long way to go, and legal actions are still going on. It seems that he won't die until he dies! It is getting closer and closer to the day when the electoral votes are cast, and the atmosphere of political instability is getting stronger and stronger. It remains to be seen whether this time bomb will detonate the division of the United States. Affected by the vaccine news, the gold market plunged on Monday, with the highest loss of USD 108 per ounce. Although there was a rebound in the market outlook, it was still subject to the resistance of USD 1890 per ounce, and closed at USD 1890 per ounce, with a total drop of USD 81 per week, with a drop of 3%. However, the improved stock climate in Europe has made the euro and pound stronger, and the US dollar index lower or made the gold price better. However, it is expected that the gold price will only fluctuate between 1850 and 1900 before the official US president's name. 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

2020-11-13

It has been ten days since the US presidential election voted. Although Biden, the US Democratic Party, claimed to have won the election, the counting of votes has not yet been completed. In Georgia, which has 16 electoral votes, Trump, who lost only 14,000 votes in the initial counting, appealed for a recount, which was accepted by the local state government and announced to recount by hand. It is expected that the counting result will be completed on the 20th of this month. But even if Trump can regain 16 electoral votes in Georgia, he is still far from the threshold of returning to the White House, unless he can overturn the election results in Michigan or Pennsylvania. Otherwise, everyone can only lose a little better, and lose by a high vote. The day of voting by electoral votes is getting closer and closer, and the atmosphere of political instability is getting stronger and stronger. Yesterday, the Hong Kong Health Bureau announced that there were 23 cases of new pneumonia in Hong Kong, of which 6 were local infections, but the source was unknown, and warned that a fourth wave of outbreaks might occur. Exhaustion continues to deteriorate, There are nearly 1.3 million confirmed deaths worldwide, and the cumulative number of infected people in novel coronavirus is over 53 million. In the United States, there have been more than 100,000 patients for eight consecutive days. In Europe, Italy has also added millions of clubs. It is the fifth European country after France, Russia, Spain and Britain, which has recorded more than 1 million new crown cases. The news of COVID-19 vaccine from Pfizer Pharmaceuticals and German Biotechnology was offset by the worsening fatigue. Investors are worried that distant water can't save the near fire, and they are wary of the other market. In addition, European Central Bank President Lagarde made a discouraging statement. She said that although the vaccine news is encouraging, However, it still faces the cycle of accelerating the spread of viruses and tightening restrictions on social measures. The investment climate in the risk market has deteriorated, major European stock markets have fallen across the board, and the German DAX index has fallen by 1.2%; French CAC index fell 1.5%; The FTSE 100 Index also fell 0.7%. In addition to the impact of the epidemic on the US stock market, it is reported that the White House has withdrawn from the coordinating role of the new epidemic relief plan, leaving the bill to the Senate majority leader, namely McConnell of the Republican Party, and the Speaker of the US House of Representatives, namely Pelosi of the Democratic Party, to continue to discuss. To know that the difference between the two parties in the amount of aid is 1.9 trillion US dollars, investors speculate that the plan will not be launched this year, which will increase the risk aversion. Although the number of people claiming unemployment benefits for the first time in the United States last week announced yesterday was better than expected, However, it was unable to prevent the overall decline of the new york stock market, and the Dow Jones index fell by 1.1%; The Standard & Poor's 500 Index fell 1%; Nasdaq index rose and fell 0.7%. Risk aversion warmed up, and gold prices rose yesterday. The highest price of gold is $1,883 per ounce, the lowest price is $1,863 per ounce, and the final closing price is $1,877 per ounce, up by $12. It is expected that the price of gold will consolidate within this range before the US president announces his inauguration. Bitcoin rose above $16,000 per piece yesterday, rising 3%, making it another safe-haven option for investors. 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

2020-11-12

Yesterday, Alaska announced the election results. Trump won three candidates' votes in the state, but it was still far lower than his competitors' votes. Unless he can overturn the election results in Michigan or Pennsylvania, he will be weak. Biden, the Democratic Party of the United States, claimed to have won the election, and announced a transitional group of nearly 500 people. But up to now, the name of the new president has not been signed and confirmed by the General Services Administration of the United States, so Biden could not get about 10 million dollars of transitional funds. When Biden was asked by the media that the transfer of power was stagnant, he responded that funds were not a problem at this stage, and criticized the Trump administration's actions as embarrassing, but he believed that they would finally accept the choice of the American people, and his election team did not rule out the solution by law. It is getting closer and closer to the day when the electoral votes are cast. If the election results are still stuck on the 14th of May, it will trigger a century lawsuit and increase social unrest. The New Reserve Bank of New Zealand announced the interest rate decision yesterday, and the result remained unchanged at 0.25%, which was in line with market expectations. The central bank also announced that in order to increase liquidity, it will postpone the implementation of increasing the capital requirements of banks until July 1, 2021, but reiterated that it will provide further support if necessary, which may include turning to negative interest rates in 2021. However, it is necessary to pay attention to the local information issued by the New Zealand Central Bank, saying that in order to help the New Zealand economy recover from the recession caused by the coronavirus pandemic, banks should reduce financing costs and accept poor asset quality to support the bank credit situation. Kirsten, assistant governor of New Zealand's central bank, said that if banks don't like negative interest rates, they should implement as many low-interest loan programs as possible, which will make it necessary for the central bank to implement negative interest rates. Investors understand that the New Zealand dollar has a safety period and pursue non-U.S. currencies with guarantees in the past six months. The New Zealand dollar has soared against the U.S. dollar. The news that the new pneumonia vaccine may be available will continue to have a positive impact. In addition, European Central Bank President Lagarde said that when formulating a new economic stimulus plan in December, it will focus on expanding the scale of emergency bond purchases and will provide more to banks. Low-interest loans to help the euro zone economy hit by the epidemic, the speech made the investment atmosphere even hotter, the major European stock markets rose for three consecutive days, and the German DAX index rose by 0.4%; French CAC index rose by 0.5%; The FTSE 100 Index also rose 1.4%. The oil price rose for the third consecutive day, the news that new pneumonia vaccine R&D might be available continued to ferment, and investors looked forward to the increase of future energy demand in the market. new york oil futures once rose above the level of US$ 43 and closed at US$ 41.45, an increase of 0.2%. The new york stock market developed independently, and the Dow Jones index fell slightly by less than 0.1%; The Standard & Poor's 500 Index rose by 0.8%; Nasdaq index rose and fell 2%, ending two consecutive losses. Gold prices fell yesterday, with the highest price reaching $1,879 per ounce, the lowest price reaching $1,863 per ounce, and finally closing at $1,865 per ounce, down $12. It is expected that gold prices will be consolidated at the current price before the US President announces his inauguration. 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 [https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug]  

2020-11-11

Biden, the Democratic Party of the United States, claimed to win the general election. Traditionally, the first task of the current presidential government before the formal transfer of power was to sign a document by the General Affairs Administration of the United States to recognize the new president-elect. But so far, The big internal manager appointed by Trump has been slow to act, which will make Biden's transition team unable to obtain about 10 million US dollars of transition funds, and also make the Biden team unable to use the government office Computers, etc., waste contact with federal officials, to carry out the preparatory work for the new government. It is Trump's refusal to admit defeat that makes it impossible for the new president to start the transition process. And tried to challenge the election results by law. On behalf of Trump's private lawyer, former new york Mayor Giuliani said that he would first enter Pennsylvania with 20 electoral votes. At the same time, The Secretary of State of Pennsylvania asked the federal judge to dismiss the lawsuit. The inauguration ceremony of the president will be held on January 20th next year. No matter which president is in charge, he is expected to face a torn political state. The news of breakthrough progress in Pfizer's vaccine in the United States continued to benefit the market. Major European stock markets rose, traditional economic sectors, including banks and energy stocks, were sought after, and the German DAX index rose by 0.55%; French CAC index rose by 1.6%; The FTSE 100 Index also rose 1.8%. The Brexit negotiations continue, and the differences still fail to reach consensus. The UK will review the internal market law in the House of Lords and try to eliminate some illegal chapters. Prepare for hard Brexit. Yesterday, the euro rose against the dollar, while the pound fell against the dollar. Oil prices have risen for two consecutive days. american petroleum institute announced that US crude oil inventories fell sharply by 5.1 million barrels last week. Far better than the expected decrease of 913,000 barrels in the market, plus the positive news of new pneumonia vaccine R&D, the market's negative sentiment of weak energy demand in the future was removed, and new york oil futures closed at 41.36 US dollars per barrel, up 2.7%. New york stock market developed independently, capital flowed to traditional enterprises, new economic shares were under pressure, and Dow Jones index performed best, up 0.9%; The Standard & Poor's 500 Index fell 0.14%; Nasdaq index fell 1.4%, falling for the second consecutive day. The gold price rebounded yesterday, and the market expects that the United States will launch new fiscal and monetary stimulus measures in December, which will bring support to the gold price after the sharp drop last day. The highest price of gold is 1890 US dollars per ounce, and the final closing price is 1877 US dollars per ounce. It is expected that the price of gold will be consolidated at the current price before the US president announces his inauguration. 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

2020-11-10

Biden, the Democratic Party of the United States, claimed to have won the election, but it was still not officially recognized. Trump, who failed to win re-election, still refused to admit defeat, and will start legal proceedings in several States to challenge the election results. Giuliani, a private lawyer representing Trump and former mayor of new york, said that he plans to file up to ten lawsuits in several States. He said that there is strong evidence that at least three to four States are suspected of election fraud. Giuliani said that he would first apply in Pennsylvania with 20 electoral votes, and claimed that there were more than 50 witnesses, and he was confident to reverse the election results. Although Trump intends to continue to challenge the election results by law, However, there is little chance of turning over. His party friend, George Bush, a veteran leader of the Republican Party, also publicly congratulated Biden on his election and said that the fair results of the election were clear and represented the overall intention of the Republican Party. It is only a matter of time before Biden gets the presidency. If the results of the US election are getting clearer, and an obstacle has been removed on the investment road, the more important news can be said to be the removal of the mountain blocking the road ahead! New pneumonia is raging in the United States, with more than 100,000 new infections every day. Exciting good news came from the market. Pfizer Pharmaceuticals of the United States and German Biotechnology made good progress in the vaccine root against novel coronavirus. According to Pfizer's announcement, the preliminary data from the third stage showed that, The test results show that the vaccine is more than 90% effective. The representative of the company said that the present stage does not mean that the vaccine can be available in a short time, but the data will help to apply to the US Food and Drug Administration and use the vaccine in an emergency. Affected by vaccine news, European and American stock markets and related pharmaceutical stocks rose sharply. Major European stock markets rose across the board, and the German DAX index rose by 5%; French CAC index rose by 7.6%; The FTSE 100 Index also rose 4.7%. New york stock market rose sharply at the beginning, In the latter stage, they developed independently. The Dow Jones index, which represents traditional enterprises, performed best. It once rose more than 5%, and finally fell slightly, rising 3% to close; The Standard & Poor's 500 Index rose 1.2%; The Nasdaq index rose above the historical high of 12,105 points, However, investors took profits and finally fell by 1.59%, ending the upward trend for five consecutive days. Yesterday, the price of gold plunged. Affected by the news of vaccine, it was caught off guard in Europe yesterday, dropping by 89 dollars. It closed at $1,862 per ounce, the biggest one-day drop in seven and a half years. In November 2016, when the US president changed, gold also suffered a lot of selling, and it fell by $120 per ounce in one month. According to yesterday's gold price, That is, $1963 and $1856 per ounce, the decline has reached $107, which shows that the situation was even more tragic yesterday! 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

2020-11-09

According to statistics, more than 150 million voters have cast their votes. The media reported that Biden had won 290 electoral votes after winning two highly controversial Pennsylvania and Michigan. Far beyond the threshold of 270 votes to be elected president of the United States! At this stage, it has been settled who will become the new White House owner, but Trump has not conceded, and will start legal proceedings in several States to challenge the election results. On the other hand, leaders from many countries have called to congratulate Biden on his election as the 46th President of the United States, and George Bush, the veteran leader of the Republican Party and former president, also publicly congratulated Biden on his election, saying that the election was fair and the results were clear. He praised Trump, a party friend, for his achievements supported by more than 70 million voters, but added that Trump had the right to challenge the election results by law. George Bush's statement clearly set a new step for Trump, hoping that he would know the truth and leave the stadium beautifully. Once Biden officially becomes the new president of the United States, the first domestic task must be to prevent epidemic and continue to stimulate the domestic economy. To know the differences between Pelosi of the Democratic Party and the Trump administration, he delayed the plan with a $2.2 trillion relief plan. However, when times change, the Senate controlled by the Republican Party will play a supervisory role and pull Biden back. For foreign countries, he will always deal with international disputes and return to multilateralism by smooth means, and then the political situation is expected to become more stable, which is beneficial to the world economy. Last week, the Reserve Bank of Australia announced its interest rate decision and lowered the discount rate to 0.1%, a record low. The Reserve Bank of Australia also announced its A $100 billion quantitative easing plan, while the Bank of England announced its interest rate decision and kept the discount rate unchanged at 0.1%. But it will increase the amount of debt purchased by about $195 billion. Britain is the first country to announce a large amount of substitution easing after Australia's central bank joined the Bank of Australia. Investors expect central banks of various countries to continue printing money to save the economy, and the Brexit negotiations are progressing satisfactorily. The US dollar is soft, but last week, the Federal Reserve announced the results of the interest rate decision. Fed members agreed to keep the interest rate between 0 and 0.25%, which is in line with market expectations. However, the speech of Federal Reserve Chairman Powell is the key point. Noting that the economy has not returned to the level before the outbreak in February, and the recent economic momentum has weakened, he reiterated that he will not reduce the scale of debt purchase and expects the inflation rate in the United States to maintain or even slightly exceed 2%. He said that the Fed's bullets are still not used up. The Fed will adjust its tools next month, after the name of the new president is announced. Powell's remarks made people think, and the dollar broke a three-week low. After the central banks issued a large number of banknotes, they immediately depreciated. In addition, under the low interest rate policy, the real interest rate was worse, and the negative interest rate had a chance to exist for a while. When investors generally pursued higher risks, the US dollar was low and gold performed well. Last week, the highest level was $1960 per ounce, and it closed at $1951 per ounce, rising by $73. It is expected that the epidemic stimulus plan will be approved before the new US President Biden officially takes office. After that, the Federal Reserve will increase the price and cut interest rates, and gold will be by going up one flight of stairs. 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

2020-11-06

The voting procedure of the US presidential election was completed yesterday. According to statistics, more than 140 million voters have cast their votes, and the counting of votes is still going on. At this stage, there are still variables about who can become the new White House owner. However, Biden had a slight advantage, and only seven electoral votes were needed to get enough 270 votes to be elected as the new president of the United States. Although Trump has little chance of turning over, he said that some people cheated in the election. If he counted the legal votes, he had won the election, but someone stole his presidential election results with illegal votes, and he would litigate in several leading Biden States, seeking legal solutions. The most concerned election in the world has degenerated into a mud wrestling, and even became an international joke. Is there really a player behind the scenes who is manipulating it? Or is it just someone who can't afford to lose? Not easy to know! But at least American nationals can experience the spirit of democracy and give participants the opportunity to participate in the original system. Some experts pointed out that Biden won in the end, and still worried that the new president would not be handed over smoothly, while the US Senate estimated that it would continue to be controlled by the Republican Party, which might stifle administration, cause internal friction and drag down the US economy. Yesterday, the Bank of England announced the interest rate decision, keeping the discount rate unchanged at 0.1%, but increasing the amount of debt purchased by about 195 billion US dollars. Britain is the first country to announce an increase in substitution easing after Australia's central bank joined the Bank of Australia. Investors expect central banks to continue printing money to save the economy, and the national stock market will benefit first. The major stock markets in Asia will generally rise, and Hong Kong Hang Seng Index will outperform the region by 3.3%. Major European stock markets rose across the board, The German DAX index rose by 2%; French CAC index rose by 1.2%; The FTSE 100 Index also rose 0.4%. The new york stock market also continued to rise, with the Dow Jones index and the Standard & Poor's 500 Index both rising 1.9%; Nasdaq index performed better, Up 3.9%. Yesterday, the U.S. Federal Reserve also announced the results of interest rate decision, and members of the Federal Reserve unanimously agreed to keep the interest rate between 0 and 0.25%, which was in line with market expectations, but what was even more striking was the speech made by Powell, chairman of the U.S. Federal Reserve. He said that he noticed that the economy has not returned to the level before the outbreak in February, and the economic momentum has weakened recently. He reiterated that he will not reduce the scale of debt purchase and expects the inflation rate in the United States to maintain or even slightly exceed 2%. He said that the Fed's bullets are still not used up, and the Fed will adjust its tools in the interest rate decision next month. Powell's remarks arouse people's imagination, and the dollar immediately went down. Cash is no longer the emperor, After the central banks issued a large number of banknotes, they immediately depreciated. In addition, under the low interest rate policy, the real interest rate is worse, the negative interest rate has the opportunity to exist for a while, and investors generally pursue higher risks. Gold performed well yesterday, rising 47 dollars and closing at the highest level of 1950 dollars per ounce yesterday. It is expected that there will still be a big market situation before the results of the US presidential election. Another noticeable investment tool is Bitcoin, which broke $13,000 each two weeks earlier, and approached $15,770 each yesterday, showing a sharp trend. 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

2020-11-05

The voting procedure of the US presidential election was completed yesterday. According to statistics, more than 140 million voters have cast their votes, and the counting of votes is still going on. At this stage, there are still variables about who can become the new White House owner. However, Biden has a slight advantage, as long as he can regain the key swing state-Michigan, which is also the area where Sheila suffered Waterloo in the last session. The current situation is that 50.3% of the votes counted are for Biden. And winning in Nevada, the traditional camp that has not finished counting votes, Biden will get enough 270 votes to be elected as the new president of the United States. Although Trump has little chance of turning over, he will not stop there. His electoral college has asked for a recount in Wisconsin, where less than 1% of the votes were lost. Trump has also made it clear that someone cheated in the election and stole his presidential election results, which may lead to legal recourse. This is just like what experts are worried about. With such close votes, it will take more time to resolve disputes, and the two presidents will not be handed over smoothly, just like George W. Bush's battle against Gore in 2000. In the end, it will take more than a month for the Supreme Court to make a judgment, but this time the situation is more complicated, or other problems may arise, such as social unrest caused by voters' dissatisfaction, and even more serious, people will be divided by politics. Eventually, it caused internal friction and dragged down the American economy. During the U.S. presidential election, the number of COVID-19 cases in the world also soared, but this did not stifle the orientation of venture capitalists. After Australia cut interest rates and announced the implementation of the A $100 billion quantitative easing plan, Global stock markets rose, and the rise of European and American stock markets continued yesterday, because the market spread that the Bank of England would also increase a lot of money to offset the economic losses caused by the epidemic, and even spread negative interest rates to stimulate inflation, and major European stock markets rose across the board. The German DAX index rose by 2%; French CAC index rose by 2.4%; The FTSE 100 Index also rose 1.7%. The new york stock market also continued to rise, and the Dow Jones index rose by 1.8%; The Standard & Poor's 500 Index rose 2.3%; The Nasdaq index rose by 3.4%. Under the circumstance that the general investment climate is biased towards higher risks, the US dollar has become the target for sale. However, the uncertainty of the US presidential election results has caused the US dollar index to fluctuate greatly, reaching a maximum of 94.3 points and finally closing at 93.41, down 0.01 points from the previous closing. Yesterday, the performance of gold was similar to that of the US dollar. It closed at US$ 1,903 per ounce, down US$ 7. The highest price rose to US$ 1,916 per ounce, and the lowest price traded at US$ 1,882 per ounce, which was the biggest volatility day since August 19. The volatility has expanded to US$ 34, and it is expected that there will still be big and big market conditions before the results of the US presidential 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

2020-11-04

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