Gold market analysis

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

2020-10-07

Following the good news that US President Trump was discharged from hospital and the result of the interest rate resolution announced by the Australian Federal Reserve, the Australian Federal Reserve will keep the benchmark interest rate at a low level of 0.25%, and consider how to further relax the monetary policy to support weak enterprises and hope to stimulate employment data. Affected by the good news, the stock markets in the Asia-Pacific region have generally made good progress. They rose by 0.3% to 0.8% respectively, with the Taiwan-weighted index outperforming them by 1.24%. Major European stock markets also rose, with French and German stock markets rising 0.5%-0.6% respectively, while British stock markets were inferior, rising only 0.1%. Lagarde, president of the European Central Bank, said that the second wave of new pneumonia epidemic has the risk of delaying the economic recovery of the euro zone, and has to deal with the current pessimistic Brexit negotiations. When necessary, the European Central Bank has to consider adopting looser monetary and fiscal policies to save the economic crisis that may be impacted by the epidemic. The early performance of the US stock market was also ideal. The Dow Jones index led the rise by more than 200 points, and the S&P 500 and Nasdaq index also rose. The upward trend that was thought to be sustainable was completely reversed by a social networking post, but it rose to fall. The three major stock indexes of US stocks closed down across the board: Dow Jones Industrial Average fell by 1.34%, S&P index fell by 1.40%, while Nasdaq index was the worst, with a drop of 1.57%; It turned out that US President Trump was tweeting a sudden message at 2 pm local time in the United States, expressing dissatisfaction with the sincerity of Pelosi, the Speaker of the House of Representatives and a Democratic Party member. Trump pointed out that the Republican Party had given a very generous $1.6 trillion plan, and as always, she did not mean to negotiate in good faith, so he ordered his representative to stop negotiating with Congress on the new bailout plan, saying that it would be postponed until after the November 3 general election. The market originally hoped that the United States would reach an agreement on a new round of fiscal stimulus, but Trump's unexpected move surprised the market, and investors re-invested in the US dollar as a safe haven. The US dollar index began to rise from a low of 93.34 to a high of 93.85 yesterday. U.S. President Trump's post made U.S. stocks plummet, and gold was hard to be immune. Investors preferred to hold US dollars, which made the US dollar index appreciate. Yesterday, gold price was under pressure, falling from the highest level of 1921 dollars per ounce to close at 1878 dollars per ounce, which was close to yesterday's low. Yesterday's gold price performance was not only affected by the policy, but also needed to be adjusted in terms of technical trend. The gold price trend was first subject to the downward trend line of August's high level, and repeated attempts to break through 1918 failed, and 1918 happened to be 0.382 of Feibo regression line from June's low level to August's high level. After adjustment, the gold market outlook was healthier. 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

2020-10-06

After receiving four days of treatment at Walter Reed National Military Medical Center, US President Trump was discharged from the hospital this morning and returned to the White House, where he will continue to receive treatment. He posted a post on the social networking page saying that he feels very good and encourages the public not to be afraid of novel coronavirus, because under the leadership of him and his government, many useful drugs have been developed. Despite this, the recent polls still show that Trump's competitor Biden still leads by 11 percentage points. As of this morning, there are more than 1.05 million confirmed deaths worldwide, and the cumulative number of infected people in novel coronavirus is close to 3.568 million. In the United States, about 37,800 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 7.67 million, continuing to be the country with the largest number of infected cases in the world. The epidemic is intensifying in Europe, and the cumulative number of infected people in Spain exceeds 853,000, making it the first European country with a cumulative number of infected people exceeding 800,000; The number of infections in Britain is also expanding. More than 12,500 people were infected yesterday, and the cumulative number of infected people was about 515.6 million. The news that President Trump's health improved and he was discharged from the hospital stimulated the global stock market to make a good job, and the major European stock markets rose by about 1%; The three major indexes in the United States have also risen under the leadership of pharmaceutical stocks. Once Trump's treatment method is successful, it will inevitably play a demonstration role in treating SARS-CoV-2 and may put pressure on the US Food and Drug Administration. The market expects that vaccines may be launched earlier. The Nasdaq index closed at 11,332 points, up 257 points; Dow Jones index closed at 28,148 points, up 465 points; The Standard & Poor's 500 Index reported 3408 points, up 60 points, or 1.7% to 2.3%. The market expects the United States to reach an agreement on a new round of fiscal stimulus plan. US House Speaker Pelosi said that he is confident to reach a consensus with party friends and Republican lawmakers. The news stimulated the US dollar index to fall, closing at 93.46, down 0.4%, and the US dollar index fell to benefit. For goods quoted in US dollars, oil prices have risen significantly, and new york oil has soared by nearly 6%; Gold rose to a two-week high, rising by USD 13 to close at USD 1913 per ounce, with the highest price reaching USD 1919 per ounce. However, the non-manufacturing index of the American Institute of Supply Management last month, which was released last night, was better than the market expectation, which limited the increase of gold. Based on the low price of USD 1887 per ounce yesterday, the fluctuation of gold price reached USD 32 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  

2020-10-05

As of this morning, there are more than 1.04 million confirmed deaths worldwide, and the cumulative number of infected people in novel coronavirus is close to 35.33 million. In the United States, about 28,100 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 7.63 million, continuing to be the country with the largest number of infected cases in the world. The epidemic situation in Britain is also getting worse and worse. Last Saturday, for the first time, more than 10,000 people were infected in a single day, and the cumulative number of infected people exceeded 500,000. British Prime Minister Johnson warned that the new pneumonia epidemic may last until next spring, and stressed that the government is taking a balanced approach between saving lives and protecting the economy. Less than a month before the US presidential election, it is unknown whether Trump will fully recover and return like a hero to change the temporarily backward polls. However, once his treatment is successful, it will certainly play a model role in treating SARS-CoV-2, and may put pressure on the US Food and Drug Administration, and the vaccine may be launched earlier. In terms of economic data, the US GDP fell by 31.4% in the second quarter, which was the worst performance on record, while the employment data showed uneven performance. The number of people applying for unemployment benefits for the first time in the United States continued to decrease last week, and the unemployment rate in September also fell to the lowest 7.9% since March. The fly in the ointment is that the number of non-agricultural employment in the United States also slowed down in September, which failed to meet the overall employment atmosphere! The US dollar index fell from a high level last week, and the gold price also rebounded from a low of 1848 US dollars per ounce. With the infection of US President Trump to novel coronavirus, it rose to the highest level of 1917 US dollars per ounce, and finally closed at 1900 US dollars per ounce, rising by 38 US dollars a week. 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

2020-10-02

昨日中秋兼國慶，美國不知是送禮給香港還是贈興， 昨日通過將香港列為可接受難民的地區，即香港人如人境美國，可透過政治難民身份繼續逗留美國，並申請成為美國公民。   地緣政治錯綜複雜，美國近日大張鑼鼓，在多方面以高姿態與台灣接觸，為與台灣建立邦交作準備，即承認台灣為國家，也就是否定中華人民共和國所提出的一個中國的原則； 日本沖繩縣石垣市議會通過議案，將日本稱為「尖閣諸島」、中國稱為釣魚島的行政區名稱，由「登野城」改為「登野城尖閣」，也正式在10月1日生效，正式宣示擁有該海域及島嶼主權； 而越南正式向聯合國國投訴，指中國解放軍在南海行為破壞南海和平協議，國家在國興日子，收到各國送來的音訊，可能因外交部官員正在享受「十一黃金週」假期，暫未聽到他們站出來說: 「堅決反對、極力維護……」等聲音。   第一場美國總統大選辯論會在過去週二香港時間早上時間舉行， 根據調查，兩名總統侯選人特朗普與拜登大會上表現惡評如潮，是次辯論會在美國收視也是歷年來最低的， 而兩人在民意調查中支持度相若，特朗普已揚言就算在總統選舉中沒有勝出時，他也不會交出總統權力， 而拜登也有可能在低票輸了時作出選舉呈請，以法律行徑去阻止特朗普連任。   國際信貸評級基構穆迪將紐約州的一般責任信用評級從Aa1下調至Aa2，即從評級穩定下降至展望穩定；同時也下調紐約市的評級。 穆迪表示，下調紐約州的評級是反映了冠狀病毒對該州經濟所帶來的損害，這是該公司自1990年6月以來首次下調紐約州的評級。   美國昨晚公佈多項經濟數據，數據結果好壞參半； 美國9月供應管理協會製造業採購經理人指數55.4差於預期的56.4； 而美國上週首度申領失業金人數83.7萬人好於預期的85萬人，但經濟專家預測今晚公佈的美國9月非農業就業人數僅為85萬，遠低於8月時公佈的1百萬，顯示就業市場前景較為悲觀。   多項不穩定因素，包括地缘政治、美國總統大選、美國就業市場前景加上穆迪下調紐約州的評級，使投資者重返黃金懷抱， 昨日金價單邊上升，在開市早段牛皮了三小時後開始上漲，終於在進入歐市時升穿每盎司1900美元水平，高位見每盎司1913美元， 低位即開市時的每盎司1885美元及至美市公佈數據後，最後以每盎司1906美元報收，升了21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

2020-10-01

截止今早清晨為止，全球確診死亡人超過1百萬人的1.01百萬人，全球新型冠狀病毒累積感染人數接近3.41千萬人。 而美國昨日再有約3.15萬人確診新型肺炎，累積感染個案逾7.44百萬宗，繼續蟬聯全球最多感染病例國家。   而疫情在歐洲亦不斷惡化，英國及法國政府亦在上星期分別公布新防疫措施，英國新病例每天增加7000多宗， 英國首相約翰遜在昨日敦促英國人民，說他們要遵守為應對第二波疫情爆發而實施的規定，並警告稱，否則可能會出現更嚴格及作更長時間的封鎖； 而英國早前已收緊疫情下社交措施，限制酒吧、餐廳營業時間及社交人數等，而相關措施可能要維持半年之久。   雖然疫情在英國不斷加劇，但英鎊兌美元仍表現強勢， 英鎊上升主要有兩原因， 首先是歐洲藥物監管機構將啟動對牛津大學和阿斯利康公司新冠疫苗進行加速審核的工作，加快藥品和疫苗的批准工作，疫苗有極大機會率先在歐洲先行生產； 其次是英國脫歐談判的最新消息十分積極，歐盟首席脫歐談判代表巴尼耶就在新一輪談判中的態度，增加了英國有協議下的希望，使英鎊兌美元一路走高。 另一方面，英國央行的首席經濟學家希爾丹表示，英國在負利率的政策，暫時仍未成熟， 但他補充，有關這項政策的任何決定都將取決於成本效益分析，這可能需要數月時間，暗示只要達成某些條件，英國負利率是時間性的問題。這又限制了英鎊的升幅。   第一場美國總統大選辯論會在香港昨日早上時間舉行，兩名總統侯選人特朗普與拜登大會上表現如何先暫且不表， 但根據調查，是次辯論會在美國收視是歷年來最低的，顯示美國人民投票意欲低或已有投票定案， 但二人在民意調查中支持度相若，拜登稍為領先數個百分點，但上屆美國總統選舉，特朗普就是被希拉莉以領先十多個百分點而反勝的，所以勝負仍然難料。   美國昨晚公佈多項經濟數據，數據結果好壞參半； 美國9月非農業就業人數變化增加75萬人及美國上週原油庫存減少1.98百萬桶均好過市場預期， 但美國第二季國內生產總值下跌31.4%是有記錄以來最差季度表現，進一步拖累美元。 昨日金價在歐亞時段窄幅上落，及至美市公佈數據後，金價曾一度升穿1900水平，金價高位見每盎司1902美元，最低每盎司1881美元， 最後以每盎司1885美元報收，跌了12美元，而金價以月分來計，亦創下4年以來最差表現，整月一共下跌了4.2%。 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

2020-09-30

European and American stock markets fell, and the market fell by 0.2-0.5%, while the three major indexes in the United States continued to be plagued by the epidemic. Investors worried about the performance of enterprises and reduced their holdings of risky stock assets; In reality, it is not an investor's worry. The American Disney Group, which believes that adults bring a dream world and bring infinite joy to children, has just announced its results. It recorded a loss of 4.72 billion US dollars in the second quarter of 2019, the first quarterly loss since 2001. Have to face the reality, Disney Group announced that it will lay off 28,000 employees in the theme park in the United States, accounting for 25% of the total number of employees in the park. There has been no progress in the business agreement between Britain and the European Union. Although the EU intends to give in on certain conditions to avoid Britain leaving the EU without consultation, which will bring uncertainty to the EU economies, there are still differences between the two sides on Britain's "internal market law", but the EU-based concession, Enough to support the exchange rate of euro and sterling. The two major parties in the US Congress have the opportunity to return to the negotiating table to solve the long-delayed new round of American epidemic relief measures. US House Speaker Pelosi said that the Democratic Party will plan to launch a new $2.2 trillion stimulus proposal. The scale is smaller than the $3 trillion proposal put forward earlier, but the figure is still much higher than that put forward by Republican leaders. However, the gap has narrowed, and the COVID-19 epidemic in the United States has shown signs of rebound, which is also beneficial for the two parties to return to the negotiating table and speed up the implementation of the plan. Especially in increasing unemployment benefits and providing assistance to some enterprises with great influence, such as airlines, it is urgent to put out the fire. The euro and the pound strengthened against the US dollar, while the US dollar weakened due to the return of the epidemic relief measures to the negotiating table. Coupled with the uncertainty brought about by the rebound of the US epidemic and the upcoming US presidential election, the US dollar index fell below 94 points yesterday and closed at the low of 91.81 points yesterday. Yesterday, gold prices benefited from the decline of the US dollar index again. And investors adjusted their risk appetite for gold price. The price of gold went up and down yesterday and then rose. The lowest price was $1,875 per ounce, and yesterday it was $1,899 per ounce, and finally closed at $1,897 per ounce, up $16. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-09-29

Europe's major stock markets have done a good job in an all-round way, reducing investors' concerns about the recent European epidemic, while the epidemic prevention measures implemented may hit the European economy, and the exchange rates of Euro and British Pound are supported. Lagarde, President of the European Central Bank, said that the measures introduced by the European Union three months ago to relieve the epidemic were effective. He saw that many European countries have shown signs of economic recovery, but they will still pay close attention to the development. It does not rule out that more resources will be invested to assist the euro zone economy when necessary; The United Kingdom also announced the interest rate decision of the Bank of England and will maintain the benchmark interest rate at 0.1%. ramsden, deputy governor of the Bank of England, pointed out that, Britain's economy has recovered steadily, but there are still uncertainties. The current target interest rate is appropriate at the lower limit. However, based on the negative interest rate implemented by the European Bank, the Bank of England has the obligation to consider whether to implement the negative interest rate policy to maintain its competitiveness. The remarks caused the pound to rebound at its recent low. However, there has been no progress in the business agreement between Britain and the European Union. Although both sides said that they intend to resolve their differences, both sides should protect their own interests. At least the EU opposes Britain's "internal market law", but Britain has made it clear that this is a policy to protect Britain's homeland after Brexit. It seems that it can't be solved in a moment or three to get Brexit through negotiation. The U.S. presidential election is just around the corner, and there will be the first debate meeting in Hong Kong tomorrow morning. When the two presidential candidates, Trump and Biden, will fight each other at the meeting, while investors are eating peanuts, We can also learn about the election policies issued by them through their words and phrases during the debate, so as to make a long-term investment step. The U.S. dollar index weakened due to the success of the European stock market, and the remarks made by ramsden, Vice President of the Bank of England, led to a sharp rebound of the British pound against the U.S. dollar, which pushed the U.S. dollar index down to 94.1 points. Later, it was revealed in the market that the two major parties in the US Congress would return to the negotiating table to solve the long-delayed new round of relief measures for the US epidemic, and the US dollar index was finally settled and finally closed at 94.27. Gold price rebounded after last week's adjustment. As the European stock market made a sharp rebound in the British pound, the US dollar index fell, and the gold price began to rise after entering the US market. The lowest price of gold was 1848 US dollars per ounce. Yesterday, it reached a high of 1883 US dollars per ounce, and finally closed at 1881 US dollars per ounce, up 20 US dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRuyX_MDm6c8C1qbug

2020-09-28

As of this morning, the number of confirmed deaths in the world is close to 999,000, and the cumulative number of infected people in novel coronavirus is close to 33,100. In the United States, about 29,000 people were diagnosed with new pneumonia yesterday. The cumulative number of infected cases exceeded 7.316 million, which continued to be the country with the largest number of infected cases in the world, while the epidemic situation in India continued to deteriorate. Yesterday, 83,000 new cases were reported and the cumulative number of infected cases exceeded 6.073 million. If the infection rates in these two countries remained unchanged, India will replace the United States as the country with the most infections in the world in three weeks. The British and French governments also announced new epidemic prevention measures last week to tighten the restrictions on gathering; However, the relevant measures in Britain may have to be maintained for half a year. Worried that the epidemic in Britain and Europe will once again damage the regional economy, and that Britain may leave the European Union, it is said that the Bank of England is considering a negative interest rate policy to strengthen its competitiveness, which will put upward pressure on the US dollar. With the wrestling between China and the United States, the relationship between the United States and Taiwan is getting closer and closer. The Chinese side has deployed its military strength in Zhejiang. It is reported that Chinese bombers can fly over Taiwan for missions within fifteen minutes, and the Taiwan Strait is even more tense. Chicago Fed President Evans said last Tuesday that the Fed may raise the benchmark interest rate ahead of schedule. The remarks triggered a wave of rise in the US dollar. Although he made a speech twice and said that the media misunderstood his words, the market still had delusions about raising interest rates in the US dollar. At least on the day of the Fed's interest rate voting, there were two negative votes, which prompted the dollar to continue to rise. The U.S. dollar index has weakened in sterling and euro, and the U.S. dollar has once again attracted investors' attention under the epidemic situation, and the market's interest rate hike on the U.S. dollar has attracted more attention. The US dollar index rose to 94.7, a two-month high. The gold price was adjusted last week. Due to the appreciation of the US dollar, the gold price fell below the 1900 mark, reaching a minimum of 1849 US dollars per ounce. After that, the market worried that the COVID-19 epidemic would drag down the economic recovery. However, the introduction of the American epidemic relief measures is far away, and the US dollar index finally broke up, so the gold price rebounded slightly, closing at $1,862 per ounce, down $82 a week. The US presidential election is just around the corner, This week, the two presidential candidates will hold a debate this week, and investors can pay close attention to whether the debate will issue relevant election policies; This week, the United States also released the last non-agricultural data before 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/OEEaFRx9QcbOZE-aQzNSgg

2020-09-25

The U.S. dollar index reversed in a V-shape yesterday, and rose all the way after the market opened, but fell back from the high of 94.6 and closed at 94.3, a slight decrease of 0.1%. The UK launched a new employment protection plan, and the British pound did a little better against the US dollar. Yesterday, the United States announced that the number of people applying for unemployment benefits for the first time last week was 870,000. Although it was a record of less than 1 million people for four consecutive weeks, it was worse than the expected 840,000 people, which forced the dollar to weaken. Earlier, Federal Reserve Chairman Powell attended a congressional hearing and called on the government to take more measures to support the economy. He said, "Only when people believe that attending ordinary activities is safe can the economy have a chance to fully recover. 」， Bauer also pointed out: "The future development will depend on whether the epidemic situation is under control and what policy actions governments at all levels take. It's a pity that the two major American parties are still holding each other's heels in the debate on relief measures for the new epidemic. There is no doubt that there is a vaccine against COVID-19 pneumonia, but it is only a matter of time; US President Trump posted a post on the social networking page earlier to make an impact on the election, saying that American citizens will soon get the COVID-19 vaccine. It may be four weeks or eight weeks, but it is obviously different from the officials in charge of the US Food and Drug Administration. Fu Qi, the former American health consultant of Trang, even pointed out that political behavior does not meet the scientific needs. We should not consider the implementation time of vaccines in COVID-19 from a political perspective. As of this morning, the cumulative number of infected people in novel coronavirus is close to 32.36 million, and the number of confirmed deaths exceeds 980,000. In the United States, about 33,000 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 7.175 million, continuing to be the country with the most infected cases in the world, while the epidemic situation in India continued to deteriorate, with 86,000 new cases yesterday. The cumulative number of infected cases exceeds 5.818 million. If the infection rates in these two countries remain unchanged, India will replace the United States as the country with the most infected cases in the world in three weeks. The price of gold fell with the pressure of the rising US dollar in Europe and Asia, reaching a minimum of US$ 1,833 per ounce. However, after the employment data was released by the US market, the market worried that the COVID-19 epidemic would drag down the economic recovery, and the release time of the American epidemic relief measures was far away. In addition, when the US dollar index finally broke up, the price of gold immediately rose, reaching a peak of $1,877 per ounce and closing at $1,868 per ounce, up by $5. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-24

The World Health Organization said that the spread rate of the virus in Europe was worrying, considered the epidemic situation in Europe very serious, and called on European countries to work together to implement measures to limit the concentration. More than 6,000 new people were diagnosed with new pneumonia in Britain yesterday. It has reached a new high since May, and the cumulative number of infected people is close to 410 million. The British government announced new epidemic prevention measures, limiting the number of people to a maximum of six, but bars and restaurants can only be open until 10 pm; The relevant measures may be maintained for half a year. The new pneumonia epidemic in France has further spread. The French government announced a new round of epidemic prevention measures, ordering restaurants and bars in Marseille, the second largest city in France, to be completely closed on Saturday, and Paris and other cities to limit the number of people attending the party. France added more than 13,000 confirmed cases yesterday, with a cumulative breakthrough of 480,000 infection cases. The purchasing managers' indices of EU and UK released yesterday were lower than market expectations. The data showed that the economies of the Eurozone and UK stopped growing in September, and the epidemic situation warmed up, which made the market worry that the new restrictions would endanger the economic recovery again. The pound and euro weakened. Earlier, Chicago Fed President Evans hinted that the Fed might raise the benchmark interest rate ahead of schedule. The remarks triggered a wave of rise in the US dollar, although he made a speech twice yesterday, saying that the media misunderstood his words. The vice chairman of the Federal Reserve, Clarida, also helped voice yesterday, reiterating that even if the inflation rate reaches the target of 2%, the Federal Reserve will not raise interest rates automatically. However, the market still lingers on raising interest rates, and still has delusions about the inconsistent statements of Fed officials. At least on the day of the Fed's interest rate voting, there were two negative votes, which prompted the dollar to continue to rise. Worried that the COVID-19 epidemic dragged down the economic recovery, the US stock market fell across the board, and the Dow Jones index closed at 26,763 points, down 525 points; The S&P index closed at 3236 points, down 78 points; Nasdaq suffered the most, falling more than 3% and closing at 10,632 points. Down 330 points. The uncertainty of the epidemic caused the US stock market to fall, which made investors take cash as the king, and the US dollar was the best option. Coupled with the weakening of the British pound and the euro, the US dollar index continued to perform strongly yesterday, reaching 94.4 yesterday, a two-month high. The price of gold continued to be pressed by the appreciation of the US dollar, and continued to fall yesterday. The price of gold began to fall from the high of 1905 US dollars per ounce in the morning market, reaching a minimum of 1855 US dollars per ounce, and finally closed at 1863 US dollars per ounce, down 37 US dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg    

2020-09-23

The US stock market ended its continuous decline. Yesterday, US technology stocks were sought after by the market again, driving the stock market to rise. The Nasdaq index rose 185 points and closed at 10,963 points, up 1.71%; The Dow Jones index closed at 27,288 points, Re-enter the level of 27,000 points, an increase of 140 points or 0.52%; The S&P index rose 35 points or 1.1% to close at 3315 points. Federal Reserve Chairman Powell continued to attend congressional hearings yesterday. He mentioned that the US economy has improved under the COVID-19 epidemic, but there is still a long way to go before the US economy can fully recover. He said that many data showed that the economy was improving, but the labor market was still fragile. Economic activities are also far below the pre-epidemic level; However, he reiterated his previous view that the Fed will support economic recovery at any cost, that is, it will further implement fiscal and monetary policies when necessary. The leaders of China and the United States made a gesture at the video summit of the United Nations. President Xi Jinping pointed out that the new pneumonia epidemic is a severe test for the whole world. Facing the new situation and new challenges, the United Nations should play an active role. Cooperation to improve global destiny. He emphasized that no country has the right to take charge of international affairs, dominate the fate of other countries, monopolize development advantages, and implied that the United States is hegemonic. In his speech, Trump described COVID-19 pneumonia as Chinese virus. He once again accused China of causing the epidemic to spread all over the world and asked the United Nations to hold China accountable. The cumulative number of infected people in novel coronavirus is close to 31.76 million, and the number of confirmed deaths exceeds 970,000. In the United States, about 35,000 people were diagnosed with new pneumonia yesterday, and the cumulative number of infected cases exceeded 7.09 million, which continued to be the country with the most infected cases in the world. The epidemic situation in India continued to deteriorate, with 90,000 new cases yesterday. The cumulative number of infection cases exceeded 5.6 million. Bill Gates, founder of Microsoft, said that under the best circumstances, he expected the epidemic to end in 2022. There are many twists and turns in the relief measures for the epidemic in the United States, and it is unlikely that they will be introduced before the November presidential election. On the other hand, Australia is actively considering a new round of relief measures. The Australian dollar weakened against the US dollar. In addition, the voice of Britain considering negative interest rate policy to strengthen its competitiveness is endless, and the US dollar index continued to perform strongly yesterday, reaching 94.2 yesterday, the highest level in two months. After a sharp adjustment at an early date, the price of gold oscillated downward yesterday. Affected by the strength of the US dollar index, the price of gold began to fall from the high of 1920 US dollars per ounce in the morning market, reaching the lowest of 1895 US dollars per ounce, and finally closed at 1900 US dollars per ounce, down 13 US dollars. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-09-22

The cumulative number of infected people in novel coronavirus in the world has exceeded 30 million. As of this morning, there are nearly 31,470 people in the world, and the number of confirmed deaths exceeds 960,000. In the United States, about 33,000 people were diagnosed with new pneumonia yesterday. More than 7 million cases of cumulative infections went to 7.043 million cases, continuing to be the country with the most infections in the world, while the epidemic situation in India continued to deteriorate. There were 75,000 new cases yesterday and more than 5.56 million cumulative infections; In Britain, the spread rate of new pneumonia is also accelerating. Based on the current situation, it is estimated that the number of infected cases will reach 50,000 every day in October. This situation is worrying, and the British government has to implement more rigorous social measures again. The World Health Organization said that the spread rate of the virus in Europe is worrying, and that the epidemic situation in Europe is very serious. It called on European countries to work together to implement measures to limit the concentration and to cope with it with a scientific attitude. Bill Gates, founder of Microsoft, said that under the best circumstances, He predicted that the epidemic will not end until 2022. Federal Reserve Chairman Powell began to attend the congressional hearing yesterday. He said yesterday that the US economy is improving, and the improvement can be shown from a number of data. However, there is still a long way to go to get out of the economic trough caused by the new crown epidemic, and the road ahead is still full of uncertainties. However, he reiterated that the Federal Reserve will support the economic recovery at any cost. The US stock market fell across the board yesterday. Affected by the worsening of the COVID-19 epidemic and the news that many international banks were suspected of money laundering, the new york stock market fell immediately after opening, and the decline gradually expanded. The Dow Jones index fell by about 1,000 points and fell below the level of 27,000 points. Closing at 27,147 points, a decrease of 509 points or 1.8%; The S&P index plunged nearly 100 points and closed at 3281 points, down 38 points or 1.2%; Nasdaq index once fell 270 points, closing down to about 0.1%, down 14 points to close at 10778 points. The price of gold was greatly adjusted yesterday. Affected by the decline of Euro and British Pound, the US dollar index performed strongly, with the highest value reaching 93.8. In addition, the US stock market opened sharply. Driven by panic, investors demanded money instead of goods, even stocks or gold. Under people's trampling, the lowest price of gold has reached $1,882 per ounce, setting a new low this month. Compared with yesterday's high of $1,954 per ounce, it dropped sharply by $72, and finally closed at $1,912 per ounce, down by $32. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg