Gold market analysis

2020-07-27

Global new viruses continue to wreak havoc. In the past week, the cumulative number of infected people in novel coronavirus exceeded 16,200, and the number of confirmed deaths increased to over 648,000. The United States continues to be the country with the most infections in the world with 4.3 million cumulative infections. Following the announcement in mid-July that Pfizer Pharmaceuticals and German Biotechnology, two major pharmaceutical companies listed in the United States, have made good progress in research and development of anti-COVID-19 vaccine and are expected to launch the market at the end of the year, Last week, Oxford University announced that it had developed a vaccine with a pharmaceutical factory, which would help the immune system to fight against this new epidemic virus. The market has abundant funds. After a four-day marathon meeting last week, the leaders of the 27 EU countries finally reached an agreement on a "recovery fund" of 750 billion euros; At the same time, the meeting also approved the budget of 1 trillion euros for the next seven years. The market is telling us that the United States has to take relief measures for enterprises and people all over the country again in response to the epidemic. Some experts estimate that the new bail-out measures need about $1.5 trillion to stimulate the weak US economy. The United States announced that the number of people applying for unemployment benefits for the first time last week was 1.416 million, the first increase in four months. It shows that the labor market is still weak and enterprises have not really recovered. The competition between China and the United States has heated up and intensified. On July 24, the US State Department officially announced that Hong Kong will no longer enjoy the special status treatment provided by the United States from the moment of announcement, based on the Hong Kong Autonomy Law and an executive order signed by President Trump. Including entry visas and tax treatment, the United States will also stop exporting sensitive technologies to Hong Kong. Aft that United states request the closure of the Chinese consulate general in Houston, China also took equivalent countermeasures, Inform the United States to close the Consulate General in Chengdu. The Chinese People's Liberation Army announced that it would begin live-fire exercises for two weeks in the waters west of Leizhou Peninsula on July 25, and still conduct military exercises under such sensitive circumstances. Is it a demonstration or is it really an internship war rehearsal? However, whatever the motive, it is extremely provocative and dangerous. Australia opposes China's claim of sovereignty over the South China Sea by means of the nine-dash line, and sends aircraft carriers to cruise in the South China Sea waters. At the same time, it will hold a ministerial meeting with its ally, American Trade. Due to the flood of funds in the market and the tense geographical situation, the US dollar index fell below 95, and the gold price hit a new high this year for six consecutive trading days since last Friday. It is getting closer and closer to the historical high of $1,920.30 per ounce set in September 2011. The highest price was $1,901 per ounce at $1,906.6, and it is expected to peak again today. 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  

2020-07-24

The US State Department announced in the early hours of this morning that since President Trump signed the Hong Kong Autonomy Law and an executive order last week, from the moment of announcement, Hong Kong will no longer enjoy the special status treatment provided by the United States, including entry visas and tax treatment, and the United States will stop exporting sensitive technologies to Hong Kong. The Hong Kong Autonomy Law is the responsibility of the United States to investigate Beijing for forcing Hong Kong to implement the National Security Law of the Port Area. Since Hong Kong returned to China in 1997, Hong Kong has been the external window of China and the world. Whether in financing or importing science and technology, it has played a positive role in the country, and many Hong Kong people have been proud of it! Now the motherland is rich and strong, and its strength is enough to compete with the world powers. Hong Kong, a small island that once created many economic miracles, has to retire. The competition between China and the United States has been in vain and intensified. After the United States ordered China to close the Chinese embassy in Houston within 72 hours the day before yesterday, the United States considered closing more Chinese embassies in various parts of the United States. Because the other side secretly collects the data of American nationals and steals American high-tech data, China criticizes the US behavior as political provocation, and accuses the US of demolishing the friendship bridge between the two sides. The new Cold War has taken shape, but will the Taiwan issue turn into a military issue? Issues are debatable! In fact, at the beginning of this month, the Chinese People's Liberation Army conducted naval gun shooting training in the Xisha Islands. The United States also sent two aircraft carriers to conduct military exercises with the South China Sea in the Philippine Sea, which may become more common in the future. Just yesterday, Australia, one of America's allies, also sent an aircraft carrier to cruise in the South China Sea. The United States is also uncomfortable. Nowadays, the United States is facing the impact of new viruses. The number of infections in the United States keeps rising. The cumulative number of confirmed cases has exceeded 4 million yesterday, which has severely hit the local economy and employment. Last night, the United States announced that the number of people applying for unemployment benefits for the first time last week was 1.416 million, which was worse than the expected 1.3 million. It was the first time in three consecutive weeks that it recorded an increase, indicating that the epidemic caused the economic recession. U. S. Treasury Secretary Mchin plans to pay another $1,200 cheque to Americans who have paid taxes in the United States as early as August, which does not rule out that salaries tax will be lowered. Crude oil prices fell yesterday, and too many bad news dragged down oil prices. Including unsatisfactory employment data, serious epidemic spread, large increase in US crude oil inventories and geopolitical tensions, new york oil futures closed at US$ 41.1 per barrel, down 2%. With the same factors, the performance of gold price and oil price is quite different. Gold once again broke this year's new high by inertia yesterday, reaching the highest level of $1,890 and closing at $1,887 per ounce. As long as the price of gold does not fall below $1810 today, it will rise for seven consecutive weeks. It may also be another record of the top one or two gold prices in history. 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

2020-07-23

Sino-US relations have worsened, and the United States has ordered China to close its embassy in Houston within 72 hours. The United States accuses China of using its embassy to collect information about American nationals and stealing high-tech information from the United States. Coincidentally, there was a fire in the embassy, which was suspected of burning the evidence. China responded immediately, accusing the United States of falsifying the facts and completely tearing up the diplomatic relations established for many years, expecting the United States to correct them. On the other hand, the meeting between US Secretary of State Pompeo and British Prime Minister Johnson not only discussed the strengthening of business cooperation between the two countries, but also involved China's ambitions, such as Huawei, and repeatedly mentioned the autonomy of Hong Kong. It is an inevitable fact that China is isolated by western countries. Although the dream of becoming a brother in the world is magnificent, it is fraught with obstacles! Following the successful coordination of the "Recovery Fund of 750 billion euros" among the 27 EU countries, To relieve the impact of new viruses and revitalize the euro zone economy. The market is spreading that the United States has to take relief measures for enterprises and people all over the country again in response to the epidemic. The first round of stimulus measures in the United States amounted to US$ 2 trillion, while experts estimated that the new bail-out measures needed about US$ 1.5 trillion to stimulate the weak US economy. This estimate is hundreds of billions of dollars more than many congressmen expected. No matter how much money the US Congress will approve this time, it is almost certain that the Federal Reserve will keep the interest rate at the current level. That is, in the range of 0 to 0.25 pct. The bolder assumption is that there will be a third or even more bail-out measures. Funds are filled in the investment market, the dollar hedging function declines, and the dollar index continues to fall, only reaching above 95. When the gold price opened in Asia, it was bullish, reaching $1,865.8, breaking the high level this year first. During the US market, it rose by relay due to geopolitical tensions, and closed at the highest level of $1,872 per ounce yesterday, with a fluctuation of nearly $31 yesterday. Yesterday, the United States announced last week's crude oil inventories, which reported a big increase of 4.9 million barrels, which was worse than the expected decrease of 2 million barrels in the market. In addition, the oil price fell in a narrow range due to the continued bad relations between China and the United States. New york oil futures closed at $41.9 a barrel, down slightly by 2 cents. 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

2020-07-22

After a marathon meeting in Brussels for four days, the leaders of the 27 EU countries made efforts to coordinate the distribution of the "recovery fund of 750 billion euros" in various ways, and finally achieved results. All agreed to reduce the initial plan from 500 billion grants to 390 billion euros, while the low-interest loans increased from 250 billion euros to 360 billion euros. At the same time, the meeting also approved the 1 trillion euro budget for the next seven years, and the condition attached to this budget is that the EU has the right to prevent countries that violate the so-called "rule of law" from receiving relief funds. Compared with this clause, countries that are pro-CCP, including Poland and Hungary, first threatened to oppose it, and finally made compromises on the premise of their own interests. Stimulated by the news of the Recovery Fund, Major stock markets in the euro zone rose in an all-round way, among which Germany's stock market performed best, and Germany's DAX index closed up about 1%, the highest in five months. The rest generally increased by 0.2% to 0.5%. The FTSE 100 Index also rose by more than 0.1%. Benefiting from the vaccine effect of COVID-19, coupled with the optimistic outlook of liquidity; The new funds that have been formed in the euro zone, and the market is spreading, the United States has to take relief measures for enterprises and people all over the country again in response to the development of the epidemic. Yesterday, the global stock market was hot. The Dow Jones index once broke through the level of 27,000 points and finally closed at 26,840 points, up 0.6%. Oil prices rose sharply yesterday, driven by vaccine progress and the expectation of EU recovery fund. Although the cumulative number of infected people in novel coronavirus exceeded 4 million yesterday, investors are not afraid that many countries will tighten epidemic prevention measures and geopolitical tensions again, and continue to focus on the optimistic economic prospects. New york oil futures closed at $41.96 per barrel, up $1.15 or 2.8%. Gold has also performed well. Affected by the epidemic, the market expects central banks of various countries to continuously increase fiscal stimulus, and the stock market is hot. The weakening of the U.S. dollar index led to the rise of gold price, which hit a new high in more than eight years yesterday. It rose repeatedly during the opening hours in Asia, and when it broke through 1,825 dollars, it broke through 1,840 dollars and reached the highest level of 1,843.5 dollars. It closed at $1,842 per ounce, up $25, or 1.3%. 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

2020-07-21

歐盟領袖因應拯救歐元區經濟忙得不可開交,為了尋求「復甦基金7500億歐元」之分配方式，已連續三天在布魯塞爾舉行會議， 並將初時計劃以贈款5000億的規模減少到4000億歐元，但仍有部分成員國反對而未能達成共識。而通過撥款需要歐盟27國代表完全同意。 原定兩天完成的會議將進入第四天，基於該基金主要是提振歐元區經濟從新型病毒中走出來，是對整個歐元區經濟有利的計劃， 預計可能再度下調贈款規模，才能在各方面達成妥協。受「歐盟復甦基金」消息刺激，歐洲主要股市個別發展。德國DAX指數升約1%， 法國CAC指數亦全日升近0.5%，脫歐的英國未有受惠，英國富時100指數下跌28點，下跌差不多0.5%。雖然英國股市見紅， 但英國仍有好消息傳出；繼早前美國上市的兩大藥廠宣布研發抗新冠疫苗進度良好，有望在年底推出市場後，英國牛津大學與藥廠研發出一款疫苗， 有助人體的免疫系統去對抗這新型流行病毒。雖然該研究仍需更多臨床報告去證明疫苗本身安全有效，但英國政府已經預訂一億劑這款疫苗。   由年初以來,全球受新型病毒所肆虐，經濟活動幾近停擺，讓各國央行不得不大舉降息及加大發債規模救去拯救經濟。各種投資工具除債券外， 無論是股市或商品市場，俱有不俗回報，從上星期兩間宣布業績的投資銀行──摩根士丹及高盛的盤房收入可見一班。黃金亦是表現特出的主要商品之一， 金價昨日美市時段再創八年來新高，最高曾升至每盎司1820.6美金，從歷史回望，金價目前只低於2011年9月創下的每盎司1,920.30美元的歷史高點！ 要打破記錄可能困難，但已為黃金持有人帶來可觀回報。金價收市報每盎司1818美元。油價昨日窄幅上升，疫苗進展及歐盟復甦基金的樂觀預期， 做就了油價上升，可惜全球疫情繼續嚴峻，多個國家再度收緊防疫措施，連香港政府也少有如此效率地宣布可能頒布禁足令，加上地緣政治緊張關係， 拖累油價升幅。紐約期油收市報每桶40.8美元，上升22美仙，升幅0.5%。 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/OEEaFRx9QcbOZE-aQzNSgg  

2020-07-20

IN THE PAST WEEK, THE THIRD WAVE OF COVID-19 PNEUMONIA BROKE OUT IN HONG KONG. IN JUST ONE WEEK, 416 PEOPLE WERE DIAGNOSED, AND THE CUMULATIVE TOTAL NUMBER OF LOCAL INFECTION CASES INCREASED TO 1885, WHICH REACHED 108 CASES OVER 100 YESTERDAY. THE NUMBER OF CONFIRMED DEATHS HAS INCREASED TO 12, AND YESTERDAY, CARRIE LAM, THE CHIEF EXECUTIVE OF HONG KONG, ANNOUNCED BELATEDLY THAT HE WOULD TIGHTEN THE EPIDEMIC PREVENTION MEASURES AGAIN. HOWEVER, SOME EXPERTS CRITICIZED THE GOVERNMENT'S SLOW RESPONSE, DESCRIBING THE APPOINTED EXPERT GROUP AS NOMINAL. IS IT BECAUSE THESE EMPLOYED MEDICAL EXPERTS HAVE FAILED IN THEIR EFFORTS, OR IS OUR AUTHORITARIAN GOVERNMENT ALREADY BIASED TOWARDS HARD IMPLEMENTATION? HOWEVER, AT THIS STAGE, EVERYONE IS IN DANGER! THE WHOLE WORLD IS ALSO SHROUDED BY THIS NEW VIRUS. AS OF YESTERDAY, THE CUMULATIVE NUMBER OF INFECTED PEOPLE IN NOVEL CORONAVIRUS EXCEEDED 14,400, AND THE NUMBER OF CONFIRMED DEATHS INCREASED TO OVER 600,000. THE UNITED STATES CONTINUES TO BE THE COUNTRY WITH THE MOST INFECTIONS IN THE WORLD. BECAUSE OF THE SPIRIT OF FREEDOM AND DEMOCRACY IN THE UNITED STATES, AMERICAN CITIZENS YEARN FOR FREEDOM OF MOVEMENT. AFTER THE OUTBREAK IN THE UNITED STATES, MORE THAN 3.83 MILLION PEOPLE HAVE BEEN DIAGNOSED. IT HAS SET A NEW HIGH FOR CONFIRMED CASES OF NEW INFECTIONS FOR THREE CONSECUTIVE DAYS, AND NEARLY 140,000 PEOPLE HAVE DIED FROM THE VIRUS; HOWEVER, THE EPIDEMIC IS AS SERIOUS AS SILK, AND THERE IS STILL NO WAY TO PREVENT AMERICAN YOUNG PEOPLE FROM GOING OUT FOR SOCIAL ACTIVITIES. AMERICAN OFFICIALS WARNED THAT IF THE NEW VIRUS CONTINUES TO SPREAD IN THE COMMUNITY, SOCIAL MEASURES WILL BE TIGHTENED AGAIN, INCLUDING IMPOSING HOME RESTRICTION ORDERS AND SUSPENDING ALL UNNECESSARY ECONOMIC ACTIVITIES. TREASURY OFFICIALS IN THE UNITED STATES HAVE SAID MANY TIMES THAT THE RECOVERY OF THE AMERICAN ECONOMY DEPENDS NOT ONLY ON MORE FINANCIAL COOPERATION FROM THE GOVERNMENT, THE MOST IMPORTANT THING IS TO CONTROL THE EPIDEMIC. LAST WEEK, IT WAS REPORTED THAT THE VACCINES AGAINST NOVEL CORONAVIRUS FROM PFIZER PHARMACEUTICALS OF THE UNITED STATES AND GERMAN BIOTECHNOLOGY WERE QUICKLY APPROVED BY THE FOOD AND DRUG ADMINISTRATION OF THE UNITED STATES, AND THERE WAS A BETTER CHANCE TO REPORT THAT 100 MILLION DOSES OF VACCINES WOULD BE LAUNCHED BY THE END OF THIS YEAR. AND WILL BE ABLE TO PRODUCE VACCINES AT THE SAME YIELD EVERY MONTH THEREAFTER. THE NEWS STIMULATED THE US STOCK MARKET TO RISE. THE DOW JONES INDEX ONCE BROKE THROUGH 27,000 POINTS AND FINALLY CLOSED AT 26,672 POINTS, UP 1% LAST WEEK. LAST WEEK, CHINA'S NATIONAL BUREAU OF STATISTICS ANNOUNCED THAT THE GDP OF THE SECOND QUARTER INCREASED BY 11.5% QUARTER BY QUARTER, WHICH WAS BETTER THAN THE MARKET EXPECTATION OF 9.6%. THE FIGURES NOT ONLY REVERSED THE DECLINE CAUSED BY NOVEL CORONAVIRUS IN THE FIRST QUARTER, THE ANNUAL INCREASE OF 3.2% IS FAR FROM THE DECREASE OF 6.8% IN THE SAME QUARTER OF LAST YEAR. THE DATA CLEARLY REVEALS THAT CHINA'S ECONOMY HAS GRADUALLY RECOVERED FROM THE SHADOW OF THE NEW CROWN VIRUS, BUT THE STOCK MARKETS OF SHANGHAI AND SHENZHEN STILL FELL BY 0.5% LAST WEEK. THE UNITED STATES ANNOUNCED LAST WEEK THAT THE US CRUDE OIL INVENTORY DECREASED BY 7.5 MILLION BARRELS, WHICH GREATLY EXCEEDED MARKET EXPECTATIONS. THE NEWS STIMULATED THE RISE OF OIL PRICES, BUT THE MARKET SAID THAT OPEC＋+INTENDED TO REDUCE THE PRODUCTION REDUCTION AGREEMENT FROM AUGUST, WHICH CAUSED BUYERS TO PAY A LITTLE. NEW YORK OIL FUTURES CLOSED AT $40.6 A BARREL LAST WEEK, UP 0.9%. LAST WEEK, THE EPIDEMIC WEAKENED THE US DOLLAR INDEX, WHICH ONCE FELL BELOW 96 AND REACHED A ONE-MONTH LOW OF 95.8. THE HIGHEST PRICE OF GOLD ROSE TO US$ 1,815. HOWEVER, NEWS OF VACCINES IN THE MARKET LIMITED THE INCREASE OF GOLD PRICE. IT FINALLY CLOSED AT $1,810 PER OUNCE, STILL RISING BY $12. For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-17

Investors are afraid that the Hong Kong Autonomy Law will drag down China's economic prospects, although mainland and Hong Kong officials have accused the law of being unreasonable, violating international practices and interfering in the internal affairs of other countries! However, officials from both China and Hong Kong said that the bill had little impact on China and Hong Kong, and because China is now fearless, the US side unreasonably suppressed it and injected positive energy into the market. However, the mainland stock market was sold off yesterday afternoon and its decline increased. The Shanghai and Shenzhen stock markets plunged by more than 4%, while the Hang Seng Index fell by 2%. The performance of Chinese stock markets also dragged down Asian stock markets by 1-3%. Yesterday, China's National Bureau of Statistics announced the second quarter GDP. The quarterly growth rate was 11.5%, which was better than the market expected growth rate of 9.6%. The figure not only reversed the decline caused by novel coronavirus in the first quarter, but also increased by 3.2% year-on-year, which was far from the decrease of 6.8% in the same quarter last year. The data clearly reveals that China's economy has gradually recovered from the shadow of the new crown virus, but the stock market is still falling. While some international organizations have announced that they are considering leaving Hong Kong and moving to South Korea or Singapore. It's a mystery where the confidence of Hong Kong officials comes from! In the past two days, two major investment banks in the United States announced their second-quarter results. Goldman Sachs announced that its second-quarter earnings increased by 2% to US$ 2.247 billion. Morgan Stanley, another investment bank, announced that the net profit in the second quarter increased by 45% year-on-year to US$ 3.2 billion, and the performance of both investment banks was better than market expectations. Interestingly, the income from the trading department of the two investment banks both recorded a cross-increase, and the income from flat sales doubled and 68% respectively. Hong Kong people are often inferior to gambling because their business is weak. The performance of the two big William Thomas Mercer just confirms this statement! Last night, the United States announced that core retail sales increased by 7.3%, better than the estimated 5%. The number of people applying for unemployment benefits for the first time is 1.3 million, which is more than the market expectation of 1.25 million. The cumulative number of people applying for unemployment benefits is still higher than 17.38 million. It shows that unemployment in the United States is still serious. After the data was released, the price of gold was still contending around $1,805 at the beginning. Under the upward pressure of the US dollar index, the price of gold was forced to fall, and finally it failed to hold this support point and fell sharply. At the worst, it fell to $1794, and finally closed at $1797 per ounce. OPEC＋+will reduce the scale of production reduction from next month, and the number of newly diagnosed pneumonia in the United States will continue to increase, which will cause the oil price to fall. new york oil will drop 45 cents and close at 40.75 US dollars per barrel. 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

2020-07-16

US President Trump officially signed the Hong Kong Autonomy Act and an executive order on Tuesday local time in the United States to remove Hong Kong's preferential treatment. It also imposed sanctions on people and officials who assisted Beijing in rudely implementing the National Security Law of the Port Area and oppressed Hong Kong's human rights and freedoms. The act came into effect immediately, However, before implementation, the State Department of the United States should submit a report to Congress within 90 days, listing those who "actually assisted China in violating its responsibilities" and related institutions, and should submit a report every year. So as to assess the situation in Hong Kong and draw up a new sanctions list. The most powerful thing is that the bill authorizes the President of the United States to impose sanctions such as freezing assets and prohibiting entry into the United States on named officials and institutions. What's more, the bill also restricts all financial institutions that do business with the list. In extreme cases, the United States can prohibit them from using US dollars, not only referring to banks, but also possibly insurance companies. According to informed sources, in order to avoid further escalation of tensions with the Beijing government, Hong Kong Chief Executive Carrie Lam and Vice Premier Han Zheng, who is in charge of Hong Kong affairs, have been removed from the established list of sanctions against Chinese officials. The Chinese Foreign Ministry responded immediately yesterday, strongly condemning the United States for signing the Hong Kong Autonomy Act, grossly interfering in Hong Kong affairs and China's internal affairs, and committing international practices. China will impose corresponding sanctions on the United States. However, the details were not disclosed. Other officials suggested that it was illegal for financial institutions to implement the Hong Kong Autonomy Act in China. The banking industry in Hong Kong bears the brunt, because the two sides caught in the gap are not people. The United States has been the overlord of the financial industry for a long time, and the US dollar is an international trading currency, so it can be easily abandoned. However, according to the attitude of the Chinese side, if the banks comply with the sanctions orders of the US, they may have difficulties in operating in Hong Kong! Affected by negative news, stocks in Shanghai and Shenzhen fell yesterday, down 1.6% and 1.9% respectively. Among the three major note-issuing banks in Hong Kong, only BOC Hong Kong's share price fell. Last night, the United States announced last week's US crude oil inventories. The figure decreased by 7.5 million barrels, which greatly exceeded market expectations. The news stimulated the rise of oil prices, but the market said that OPEC＋+intends to reduce the production reduction agreement from August, from the current daily production reduction of 9.7 million barrels to 7.7 million barrels. The news limited the increase in oil prices, but new york oil futures still reached the highest closing price in more than four months, at $41.2 per barrel, up 91 cents. The gold price rose in a narrow range yesterday, with the US dollar index falling below 96 and reaching a one-month low of 95.8, which made the gold price rise. The highest rose to $1,815, but the market dropped because of vaccine news, and finally closed at $1,812 per ounce, up $2. 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

2020-07-15

The third wave of novel coronavirus outbreak occurred in Hong Kong, and 40 more local patients were diagnosed yesterday, among which 24 cases could not trace the source of infection. Affected by the epidemic, the government tightened social measures again, People even panic, snapping up materials everywhere, and supermarkets have to make purchase restriction arrangements for specific goods. Some non-governmental organizations have visited thousands of Hong Kong citizens. The results show that 40% of the respondents are unemployed. This survey is very shocking. Even if the standard deviation is reduced by 50%, 20% of the working population in Hong Kong will still lose their jobs because of novel coronavirus! Not only our rising citizens but also American financial giants are affected by the epidemic. Yesterday, three American banks announced their results. Among them, JP Morgan Chase, the largest bank in China, lost 51% in the last quarter, Citigroup lost nearly 73% in the quarter, and Wells Fargo recorded the first loss since the financial crisis in 2008. It is worth noting that all three banks have made large provisions for bad and doubtful debts; This accounting arrangement conforms to the principle of accounting conservatism, but it does show the current economic weakness of the United States. Affected by the quarterly results announced by three financial public enterprises, the US stock market fell first and then rose. The Dow Jones index closed at 26,642 points, up 556 points or more than 2%. Nasdaq index rose nearly 1%, It closed at 10,488 points, up 97 points. Oil prices rose yesterday, and the market reported that OPEC+' s crude oil production reduction in June exceeded the original agreement. Under the principle of supply and demand, the oil price in new york futures was pushed back to the level of $40, closing at $40.3 per barrel. The endless spread economic measures caused by the outbreak of novel coronavirus and the tense geographical situation, US President Trump has just signed the Hong Kong Self-Governing Law and an executive order to remove Hong Kong's preferential treatment, in order to punish Beijing for its rude implementation of the Hong Kong National Security Law and its suppression of Hong Kong's human rights and freedoms. The price of gold was flat yesterday, and it was announced last night that the core consumer price index of the United States still increased by 0.2%, which was better than the expected increase of 0.1%. The data offset the news of COVID-19 epidemic and geopolitical tension, and the price of gold dropped slightly by 0.7 USD to close at 1,809 USD 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/OEEaFRx9QcbOZE-aQzNSgg

2020-07-14

昨日滬深兩地股票市場繼續上揚，分別上漲1.8% 及3.5%，投資市場氣勢如虹!而市場傳中央積極考慮人民幣國際化， 以擺脫美國透過《香港自治法案》打擊香港金融業務及融資能力。但中央亦先要明白結果不能一蹴而就， 這取決於國際資本是否有信心人民幣能自由兌換及提供長期穩定滙價，這將會是一條既崎嶇又充滿荊棘的漫漫長路。   繼早前美國宣布已把4名中國新疆的高官及其家人列入禁止入境美國的名單，並凍結該4名中方官員在美國的資產， 也禁止美國人和機構或在美國境內人士與他們進行財產交易後。中國在昨日對此作出反制，宣布即日起對美國三名參眾議員實施相應制裁， 原因是他們經常惡意批評中國，並多番作出干涉中國內政的言論，嚴重損害中美關係。雖然中方並未公布這次制裁的細節， 但預料是禁止他們和他們的家人入境中國，並也將凍結該3名美國議員在中國的資產，如果他們有的話。新型肺炎在全球肆虐之際， 市場傳來令人振奮的好消息，美國輝瑞藥業和德國生物科技的針對新型冠狀病毒的疫苗獲得了美國食品藥品監管局的快速審批。   有報導指這兩間公司將可在今年年底推出1億劑疫苗，以及之以後每月能以同樣產量生產疫苗。消息刺激美國股市早段急升，道瓊斯指數開市急升400點， 及後投資者獲利回吐，收市報26085點，上升僅10點，而納斯達克指數走勢偏軟，早段曾升195點，最終未能受惠於在其上市的德國生物科技傳出的好消息， 跌226點，收市報10813點。昨日油價下跌，由於全球新型肺炎疫情持續，及各地再次收緊社交措施，即使市場傳將有疫苗在年底推出， 投資者仍擔憂原油需求前景不明朗，紐約期油收市報每桶40.1美元，跌45美仙。金價昨日亞市時段試闖1808不果，回至1805整固，至歐市時段終於突破1810阻力升至1813， 但又遇上疫苗消息而輾轉下跌，最終收報每盎司1802美元，升4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/OEEaFRx9QcbOZE-aQzNSgg  

2020-07-13

There is an uneasy atmosphere all over the world. The cumulative number of infected people in novel coronavirus has exceeded 12,800, a surge of 16% from last week's 11 million. And the number of infections in the United States is increasing, The situation is almost out of control, with more than 3.35 million confirmed cases and a cumulative death toll of more than 137,000. Even the face-saving US President Trump wears a mask in public, and the bad situation can be imagined! Novel coronavirus is also experiencing the third wave in Hong Kong. Virus experts have pointed out that the virus has mutated and spread faster. It is suggested that the Hong Kong government should consider tightening social measures to the level of March as soon as possible. Before we can effectively control the new virus, we can only rely on personal hygiene awareness and government policies to promote the fight against the small people. However, due to the slow administrative efficiency of the Hong Kong government, the Education Bureau announced last Friday that it was a rare and quick administrative decision to take summer vacation ahead of schedule! Last week, the stock markets of Shanghai and Shenzhen became the kings of the stock market! Last week, China announced the domestic consumer price index, and the figure increased by 2.5%, which was even better than the 2.4% before novel coronavirus appeared last year! A better economy stimulates trading, The two major indexes of Shanghai and Shenzhen stock markets have risen for eight trading days in a row, but unfortunately they were slightly fine-tuned on Friday and the cable was broken; The Shanghai Composite Index still rose 6% to 3,383 points throughout the week, while the Shenzhen Composite Index hit a new high since June 15, and rose 9% to 13,671 points last week. But there are hidden worries behind China's prosperity! That is, Sino-US relations have become worse because of the Hong Kong National Security Law. U.S. Treasury Secretary Nuchin said, "The United States promises to make full use of its economic strength to hold accountable those who violate human rights in Xinjiang and around the world. Nuchin's remarks should imply that those who violate human rights in Hong Kong will be investigated. Earlier, the United States passed the Hong Kong Autonomy Act, which allowed the United States to authorize law enforcement agencies to sanction a series of people who harmed Hong Kong's freedom and autonomy, and also to sanction banks that continue to provide services to these sanctioned people. The individual development of the US stock market worries that the epidemic situation in the United States is getting worse, and the whole country may implement a new round of blockade measures, which will drag down the performance of enterprises, especially entities with higher operating costs. Venture investors have left the traditional economic shares and invested in the new economic shares. The Dow Jones index closed at 26,075 points, up only 78 points. On the contrary, the Nasdaq index has a strong trend, hitting a new high for five consecutive days. In the end, it rose 2.5% in a week and closed at 10617 points. The number of confirmed cases of new pneumonia has increased, and investors are looking forward to more relaxation policies of central banks in various countries. The gold price has been supported and broke the eight-year high last week. The highest value was US$ 1,818 per ounce. Later, the weakening of US stocks enhanced the safe-haven appeal of the US dollar, and gold investors took profits. In addition, the number of initial jobless claims announced by the United States was 1.31 million, which was better than expected and last week's figures. The gold price retreated and closed at $1,798 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/OEEaFRx9QcbOZE-aQzNSgg

2020-07-10

Yesterday, the stock markets in Shanghai and Shenzhen continued to rise! Yesterday, China announced the domestic consumer price index, and the published figure increased by 2.5%, which was even better than the 2.4% before novel coronavirus appeared last year! The good economy stimulates trading, and the two indexes of Shanghai and Shenzhen stock markets have risen for eight consecutive trading days. The Shanghai Composite Index rose 1.39% to 3,450 points, while the Shenzhen Composite Index hit a new high since June 2015, closing at 13,754 points, up 2.6%. But there are hidden worries behind China's prosperity! The Office of Overseas Assets Control under the U.S. Treasury Department announced yesterday that it had put four senior officials from Xinjiang, China and their families on the list of prohibited entry into the United States, and frozen the assets of the four Chinese officials in the United States. It also prohibits Americans and institutions or people in the United States from trading property with them. This sanction is based on the United States' belief that these officials seriously violated the human rights of ethnic minorities in Xinjiang. Including the so-called re-education camps, the essence of which is to arbitrarily detain Uighurs and mistreat them, including forcing them to rebel against the Islamic dogma they believe in, such as forcing Muslims to eat pork or banning them from fasting. The United States claims that the actions taken are based on the provisions of the Global magnitsky Human Rights Accountability Act, which "prevents the property of people who seriously violate human rights or corruption". U.S. Treasury Secretary Nuchin said, "The United States promises to make full use of its economic strength to hold accountable those who violate human rights in Xinjiang and around the world. Whether Nuchin's remarks imply that those who violate Hong Kong's human rights will be investigated is unknown. But what is certain is that Hong Kong is a part of the world. The United state passed that hong kong autonomy act early, which allowed the United States to authorize law enforcement agencies to sanction a serie of self-governing people who harmed hong kong's freedom, Banks that continue to provide services to these sanctioned people will also be sanctioned. It is rumored that the four major state-owned banks with operations in Hong Kong have conducted sand table drills and worked out contingency plans for relevant measures to deal with the sanctions arising from the Hong Kong Autonomy Act. It is said that under extreme circumstances, the inability to repay US dollars to customers will cause a squeeze, at the same time, it will destroy the bank's reputation and create panic, and eventually drag down the banking system, thus plunging China and Hong Kong into financial crisis. However, it is estimated that due to the international application of the US dollar, even if the measures are only aimed at Hong Kong or China, it will inevitably affect the interests of the United States itself; Considering that Hong Kong is one of the most important US dollar trading centers in the world, Burning serial ships may also harm financial centers in other regions. I believe the US will not impose such severe sanctions for the time being. Individual development of the US stock market worries that the epidemic situation in the United States is getting worse and the whole country may implement a new round of blockade measures. As a drag on the performance of enterprises, especially entities with higher operating costs, venture investors have left traditional economic shares and invested in new economic shares. The Dow Jones index closed at 25,706 points, down 361 points. The decline was 1.4%, and the Nasdaq index hit a new closing high for five consecutive days, rising 55 points or 0.5%, and closing at 10,547 points. The weakening of U.S. stocks enhanced the safe-haven appeal of the U.S. dollar, and last night the U.S. announced that the number of initial jobless claims was 1.31 million. Both are better than expected and last week's figures. The gold price was adjusted back yesterday, with the lowest price of $1,796 and closing at $1,801 per ounce, down $7. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-09

Yesterday, the stock markets of Shanghai and Shenzhen continued to rise, rising by 1.74% and 1.84% respectively, showing strong strength, and driving Hong Kong stocks to rise by 153 points or 0.6% to close at 26,129 points. However, it should be noted that the share price of HSBC Holdings has dropped by more than 4%, which is the biggest decline in three weeks, and its performance is much worse than that of other Hang Seng Index constituent stocks. As one of the three largest note-issuing banks in Hong Kong, it was once a proud enterprise of Hong Kong people. Today's performance is really embarrassing! There are reports that the United States is considering taking action to punish HSBC. Wang Dongsheng, chief executive officer of Asia-Pacific region, supported Beijing to implement the national security law of the port area and signed a petition to support it, which destroyed the western democratic values and deviated from Hong Kong people. US Secretary of State Pompeo once criticized his actions as a "fatal blow" to Hong Kong people seeking freedom. The United States has indicated that it will abolish Hong Kong's independent tariff status, and even use the Hong Kong Autonomy Act to crack down on Hong Kong's financial business. The HSBC incident may be just a small test. Although the bill is still on Trump's desk waiting for his administration to implement it, it has been reported that his advisory team once suggested restricting Hong Kong banks from buying dollars. To crack down on Hong Kong's linked exchange rate system as a punishment for China's implementation of the Port Area National Security Law in Hong Kong, but after discussion, it is found that the feasibility is low and may harm the interests of the United States itself. In the end, the plan was not mentioned to the White House high-level meeting for discussion. If the proposal is true and passed, Hong Kong's status as an international financial center will be in jeopardy. Back to the epidemic that plagued everyone, up to last night, a total of 12.13 million people worldwide had been infected with novel coronavirus. As the most confirmed cases in the world, 70,000 new cases were confirmed yesterday in the United States, with a cumulative number of confirmed cases exceeding 3.15 million. Federal Reserve officials warned that if the epidemic continues to grow at this rate, it will endanger the US economy and delay the pace of local recovery. In fact, many states in the United States have tightened social measures and suspended some economic restart plans. It is expected that the Fed will seek additional resources from Congress so that it can buy more assets to stimulate the economy. Last week, crude oil inventories increased by 5.7 million barrels, 3 million barrels less than the market forecast, and oil prices still rose. Perhaps investors believe that since Saudi Arabian National Oil Company has started to raise the official selling price of crude oil, it shows that the oil price may rise further. New york oil futures closed at $40.9 a barrel. The remarks of Fed officials rekindled the market risk aversion, the dollar continued to weaken, and investors hoped that central banks would have more easing policies. The price of gold broke through resistance yesterday, reaching a maximum of 1818 dollars per ounce. Gold price broke the new high in November 2011 and closed at $1,808 per ounce. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg WhatsApp Link： https://api.whatsapp.com/send? phone=85298765137

2020-07-08

Yesterday, there were many confirmed cases of new pneumonia in Hong Kong, 5 of which were imported cases and 14 were locally confirmed cases; In five cases, the source was unknown. Experts say the third wave of epidemic has broken out in Hong Kong communities. It is also pointed out that invisible patients spread the virus in the community, so Hong Kong should strengthen health control as soon as possible, and tighten social epidemic prevention measures to the level in March again, including considering full suspension of classes and some people working from home. To be fair, after experiencing SARS, Hong Kong has reached a very high level of awareness of preventing virus infection and personal hygiene, and still cannot completely prevent the virus from spreading in the community, let alone in other regions. In particular, the western countries with relatively liberal consciousness, including the United States with the most confirmed cases in the world. As of yesterday, 3.08 million people in the United States had been infected with novel coronavirus, with a cumulative death toll exceeding 130,000. In Texas alone, more than 10,000 people were diagnosed yesterday, setting a new record high! However, there is something wrong with the handling of the epidemic by the President of the United States. For example, the epidemic is getting worse and worse, and all schools in the United States were forced to reopen in autumn yesterday! Statistics show that 55% of the respondents in the United States are dissatisfied with President Trump's handling of the epidemic. Perhaps because of the election year, Trump has pointed all the finger at the economy, including the earlier announcement that he will not stop the economy for the epidemic. Policies derived from competing with China for the world's largest economy; Recently, Trump repeatedly criticized the WHO for being partial to China and helped Beijing conceal the new pneumonia epidemic. The United States has informed the United Nations that it will officially leave the WHO. In the stock market, the stock market rose sharply the day before yesterday. Venture investors worried that the new pneumonia epidemic would drag down the economy and withdraw from the stock market. All the world stock markets except the mainland market retreated by 0.5%-1.5%. The Shanghai and Shenzhen stock markets became a wonderful thing against the market, with the Shanghai stock market continuing to rise by 1.3%, while the Shenzhen stock market went up by 2.7%. The number of confirmed cases of new pneumonia has increased, and it is almost out of control in the United States, increasing the demand for safe haven and weakening the US dollar. In addition, investors are worried that central banks will have more easing policies. The price of gold fell first and then rose yesterday. The price of gold broke through an eight-year high, rising to a maximum of 1797 US dollars per ounce and closing at 1795 US dollars per ounce, up 12 US dollars In terms of oil price, the epidemic worsened and worried about the increase of gasoline stocks in the United States. new york oil futures fell yesterday, once falling below US$ 40, reaching a minimum of US$ 39.9, and fell 0.1 US dollar to close at US$ 40.5 per barrel. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-07

There are many problems arising from the competition between China and the United States for the world's largest economy. It is hard to say how the situation will develop, but obviously yesterday, Chinese stocks became the leader, leading the global stock market to rise. Thanks to the strong economic data released by the United States last week, and the expectation that China will effectively control the epidemic and the economy will return to the right track, the mainland stock market has soared, and the Shanghai stock market has reached a new high of two and a half years, closing at 3,333 points. Driven by the mainland stock market, the Hong Kong stock market is also hot. The Hang Seng Index broke through 26,000 points and closed at 26,339 points, up nearly 1,000 points. Other Asian stock markets generally closed high, with an increase ranging from 1.2% to 1.8%. European stock markets also performed well, with the stock markets in Britain, France and Germany rising by 1.7% to 1.8% respectively. U.S. stocks also undertook the upswing of Asian and European stock markets, with Dow Jones index rising 460 points to close. In terms of data, the European and American data released yesterday also performed well. The PMI of the UK construction industry rebounded significantly from 28.9 in May to 55.3 in June, the highest since July 2018. Return to the expansion level above 50. In June, the US ISM non-manufacturing index rose sharply by 11.7 points month by month to a four-month high of 57.1 points, which was higher than the expected 50.2 points and the highest level since February. It reflects that the service industry activities have almost returned to the level before the outbreak of new pneumonia. Back to the COVID-19 outbreak, the virus is still raging all over the world, and the cumulative number of people infected with novel coronavirus in the world has exceeded 11 million. At least 530,000 people died from new viruses. In the United States alone, more than 2.85 million people have been infected with novel coronavirus and nearly 130,000 people have died. Drugs for novel coronavirus are still in the research and development stage. In addition, clinical trials take time, and experts point out that they will not have the opportunity to launch the market until the end of the year. The new pneumonia epidemic and the implementation of Hong Kong's National Security Act have led to the continuous tension between the United States and China. Liberation warships and American aircraft carriers, At the same time, they carried out military exercises in the South China Sea with live ammunition. If the gun goes off accidentally, the consequences will be disastrous. As for the political attitude, of course, the two countries expressed their respective opinions, and China accused the United States of demonstrating force and hegemony; The United States stated that it is only to ensure that all countries can sail freely in accordance with international law and to promote prosperity and peace for the Indo-Pacific region. Crude oil futures performance deviated from favorable data yesterday and fell. The U.S. economic data has performed well, and it is also reported that Saudi Arabian National Oil Company has raised the official selling price of crude oil, which will increase the official selling price of crude oil to Asian customers by one dollar per barrel. It will also increase the official selling price of European and American customers, but the price has not been announced. However, these two good news eventually lost to the negative impact of the newly confirmed cases of new pneumonia in the United States; New york oil futures closed at $40.63 a barrel, down 2 cents. 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

2020-07-06

Last week was the Super Data Week in the United States, and a number of favorable economic data were released before July 4th holiday, which increased the happy atmosphere of American citizens. First, the Federal Reserve decided to keep the interest rate between 0% and 0.25%, which was in line with market expectations. ISM manufacturing data showed that the manufacturing index rose to 52.6 in June. Returning to the expansion level above 50%, there are already signs that the growth of enterprise investment will drive the labor market. Otherwise, the number of non-agricultural employment surged by 4.8 million in June, which was announced early last Thursday, and the increase was a record high. Not only is it further improved than May, but it is also 60% higher than the market estimate of 3 million people, and the unemployment rate has dropped from 13.3% in May to 11.1% in June, a sharp drop of 2.2%; The fly in the ointment is that the number of people applying for unemployment benefits for the first time last week was 1.43 million. Slightly better than the last published figure, but worse than expected. Another concern is that the cumulative number of people infected with novel coronavirus in the world has exceeded 11 million, and 530,000 people have died due to the infection of new viruses. 220,000 new people were diagnosed all over the world, breaking a new single-day record. However, the number of infection cases in the United States keeps rising, and the situation is almost out of control. Many States in the United States are divided into several States again, and the prospects may not be optimistic. Because of the outbreak of pneumonia in COVID-19, the global economy was forced to almost stop. If the epidemic was not properly handled in one day, the global economy could not return to the pre-epidemic level! Before the new virus can be restrained effectively, we have to rely on personal hygiene awareness and local government policies. The relationship between China and the United States is getting worse, except for the Hong Kong bill of the two countries, that is, the "Hong Kong National Security Law" passed by Beijing And waiting for US President Trump to sign the "Hong Kong Autonomy Act", blaming each other, the plot is getting worse and worse; Last week, the People's Liberation Army (PLA) trained naval guns to shoot at sea in the Xisha Islands for five days. The United States also sent two aircraft carriers to conduct military exercises with the South China Sea in the Philippine Sea. At the same time, the two countries have warships carrying out live-fire drills in the same sea area, which is enough to imagine. Last week, the stock market benefited from the bright data of the United States, and stock markets all over the world recorded an increase. The Dow Jones index rose about 200 points a week to close at 25,827 points. U.S. crude oil inventories decreased by 7.2 million barrels last week due to satisfactory employment data. Oil prices rose, and new york oil futures closed at $40.23 a barrel last week. Gold price hit an eight-year high last week, with the highest value of $1,789 per ounce, subject to favorable risk data and profit-taking by gold investors. The price of gold dropped and finally closed at $1,774 per ounce. For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator. https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg

2020-07-03

This week is the Super Data Week in the United States. After a number of favorable economic data were announced the day before yesterday, a set of employment data was ushered in again last night. According to the data released by the US Department of Labor, In June, the number of non-agricultural employment surged by 4.8 million, which was a record high. It not only improved further than May, but also was 60% higher than the market estimate of 3 million. The main improvement was that the number of employed people from the private sector increased by 4.77 million. The unemployment rate also dropped from 13.3% in May to 11.1% in June, a sharp drop of 2.2%; In addition, 1.43 million people applied for unemployment benefits for the first time last week. Slightly better than the last published figure, but worse than expected. However, the number of people who continue to apply for unemployment benefits is even worse, not only worse than expected, but also higher than the 19.23 million announced last week, with the announced figure of 19.29 million. The newly announced number of non-agricultural employment shows that the unemployment situation in the United States has greatly increased, but whether it can be continuously improved is the challenge. The increase of the unemployment rate this time is due to the outbreak of pneumonia in COVID-19, and the one-day epidemic has not been properly handled. Employment can't return to the pre-epidemic level! In addition, the number of non-agricultural employed people was counted from the middle of last month to the middle of this month, and the number of people who continued to apply for unemployment benefits did not decrease significantly last week. Non-agricultural data may not reflect the fact that the epidemic broke out again in several States last week. In addition, some States in the United States have re-implemented social restrictions and blocked some economic activities, so there is still a long way to go before the employment in the United States can be restored to the full employment level. US stocks opened higher yesterday, and Dow Jones index pushed up more than 400 points by bright data, but investors took profits and closed up only 92 points to 25,827 points. Oil prices recorded two consecutive rises, and employment data ideally supported the rise in oil prices. New york oil futures closed at $40.65 per barrel, up 2.1%. The price of gold went up and down in a narrow range in the early part of yesterday. When the market opened, it began to fall from $1,772 to $1,764, with a fluctuation of $8. Because investors focused on the non-farm payrolls data released last night, the results showed that the data was excellent. The gold price dropped from $1,773 to $1,760, and the highest rose to $1,779, closing at $1,775 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/OEEaFRx9QcbOZE-aQzNSgg

2020-07-02

The number of confirmed cases of pneumonia in Texas and COVID-19, California both hit a single-day high, with a total of 15,300 confirmed cases in the two States. Some experts believe that there is a chance that the number of infected people in the United States will exceed 100,000 every day. It proves that the health situation in the United States is bad. Although US President Trump has indicated before that he will no longer shut down the economy for the epidemic, it seems to be out of control. If it cannot be solved as soon as possible, it will eventually bring down the economy. Yesterday, the United States announced a number of important economic data.  First, we announced the record of the last US Federal Reserve's interest rate meeting, and decided to keep the interest rate at 0.25, which is in line with market expectations. According to ISM manufacturing data, the manufacturing index rose to 52.6 in June, which was higher than the market forecast of 49.8, and also returned to the expansion level of over 50, indicating that the US manufacturing industry first got out of the haze under the epidemic after restarting the economy. There are 2.37 million new jobs that are better than the market expectation in the ADP national employment report of the United States. The data shows that the number of employed people has greatly improved, and the improvement of the employed population can boost the American economy. We should know that the United States is a consumer power, with 50% of its GDP consumed by consumers.  Finally, the U.S. Energy Information Administration (EIA) announced that crude oil is stored in the U.S. crude oil inventory. The dramatic decrease of 7.2 million barrels is far lower than the decrease of 700,000 barrels predicted by the market.  Data stimulated oil prices to rise, and new york oil futures closed at $39.82 per barrel, up 1.4. However, all published data were favorable for venture capital. However, the US stock market developed individually yesterday. The Dow Jones Industrial Average, which represents the traditional economy, fell by 78 points or 0.3, and the Nasdaq index, which represents the new technology economy, rose by 96 points or 1. It shows that the epidemic has absolute influence on the traditional economy.  Yesterday, the price of gold hit a new high of $1,789 since 2012, but the lowest price dropped to $1,759, with a fluctuation of $30, closing at $1,769 per ounce. It is estimated that the market will wait and see, and the number of non-farm payrolls in the United States will be announced early on Thursday. 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

2020-07-01

Yesterday, the Standing Committee of the National People's Congress unanimously passed the National Security Law of the Port Area, which was signed by President Xi Jinping and promulgated to the whole country to take effect on the same day.  The National Security Law of the Port Area was immediately added to Annex III of the Basic Law of Hong Kong. To serve as an entry point for the enactment of this law for Hong Kong, so as to avoid the image of the Beijing Government forcing legislation for Hong Kong.  The Government of the Hong Kong Special Administrative Region gazetted last night that the national security law came into effect at 11: 00 last night. Earlier, the United States announced that due to Beijing's forced implementation of the National Security Law of the Port Area, Hong Kong's autonomy was weakened in disguise. It decided to revoke its special treatment status for Hong Kong and suspend the granting of export license exemption, but allowed some goods to be exported to Hong Kong until August 28. Commodities exported to Hong Kong in the future need to apply for a permit, and commodities that have been waiting for loading at the dock or are in transit can continue to be transported to their destinations.  What worries the market is that the United States will cancel Hong Kong's independent tariff status, It even cracked down on Hong Kong's financial business through the Hong Kong Autonomy Act, and even prohibited Hong Kong from using US dollars for sanctions, because the Act allowed sanctions against individuals or enterprises, as well as banks doing business with them. Last night, the United States announced that the Consumer Confidence Index of the Economic Consultative Conference was 98.1 points, which was better than 85.9 last month and better than the market expectation of 91.8.  It shows that American consumers' confidence in economic activities after the epidemic has greatly increased. It also means that the employment situation may improve.  Dow Jones Industrial Average rose 217 points or 0.85, but Powell poured cold water on it.  This morning, Federal Reserve Chairman Powell continued to deliver a speech. He said that in the second quarter of the United States, the economy may have the biggest decline on record, because the epidemic situation has risen rapidly and the relevant social restrictions of various state governments and the partial suspension of economic restart measures have caused a sharp decline in economic activities. The number of unemployed people may increase significantly, while the production and employment situation of enterprises is still far below the pre-epidemic level.  He concluded that the economic prospects of the United States are still very unclear, and the key lies in whether the epidemic situation can be controlled and the government's support for economic recovery. Affected by economic data and market optimism, it is expected to stimulate crude oil demand to drive up oil prices. new york oil futures closed at 39.6 US dollars per barrel, an increase of more than 1.5 Gold price hit a new high since October 2010, and really broke through 1780 level on the last trading day of June, with the highest price rising to 1786 US dollars per ounce and closing at 1782.   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

2020-06-30

Sino-US relations are still tense, and the Standing Committee of the National People's Congress will end today. According to people who participated in the meeting, it was clear that there were similar laws on Hong Kong's national security. Just wait for the details, including penalties and implementation methods, and express our country's absolute determination to implement Hong Kong's national security law, so as to prevent other countries or organizations from attacking China's integrity and security through Hong Kong. It is expected that the Standing Committee of the National People's Congress will conclude the case today and promulgate it to the whole country.  The United States pointed out that China undermined Hong Kong's one country, two systems granted by the Sino-British Joint Declaration and grossly damaged Hong Kong's autonomy. Last Thursday, the U.S Senate unanimously passed the Hong Kong Autonomy Act, which can sanction people and enterprises that the U.S. believes are damaging Hong Kong's autonomy.  The bill allows sanctions against individuals or enterprises, And the banks with which they do business.  The bill needs to be passed by the US House of Representatives, and then signed by President Trump before it will take effect. Beijing sternly criticized the United States for its intention to interfere in China's internal affairs, and said it would take countermeasures and refuse to issue Chinese tourism certificates to American officials.  However, some business people who are pro-Hong Kong government said that if the United States really implements the Hong Kong Autonomy Act, Hong Kong's economy is bound to suffer a serious blow, and China's counter-attack measures will only be in vain, which will not help Hong Kong maintain its international status.  Last night, the United States released the outstanding housing sales report for May. Data rose by more than 44, the biggest increase in history, far exceeding market expectations.  Venture capitalists ignore the rising number of new cases of COVID-19's illness, and investors expect the United States to introduce more economic stimulus measures. US stocks closed high across the board, with the Dow Jones Industrial Average rising 580 points to close at the highest level of 25,595 points, an increase of 2.3. This morning, Federal Reserve Chairman Powell pointed out at a hearing in the House of Representatives that the economic prospects of the United States are still very uncertain, and the key lies in whether the epidemic can be controlled and the government's support for economic recovery. Powell mentioned that after the end of social restrictions in some areas, it has been observed that enterprises are reopening, speeding up the recruitment of staff and increasing the expenditure of enterprises, and the employment figures have also continued to rise. Consumer spending rebounded strongly last month, and has now entered an important new stage, which is mainly the challenge of controlling the virus.  Affected by economic data and market optimism, it supported the recovery of crude oil demand, which led to the rise of oil prices. New york oil futures closed at US$ 39.7 per barrel, rising more than the 3 yuan index, hovering at 97.4 points, and the gold price also hovered near the seven-and-a-half-year high. The volatility of the gold price narrowed yesterday, rising and falling between 1767 and 1774. It failed to test the new high of 1779 this month, and closed at 1771 dollars per ounce, down one dollar.  As for whether a breakthrough can be made on the last trading day in June to solve the seven-year itch, it is expected! 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