Weekly

Sino-U.S. Relations Rise Again Due to New Viruses.  U.S. Secretary of State Pompeo has once again accused China of responding to the new pneumonia epidemic. He criticized that China's mistakes have resulted in 300,000 deaths worldwide and up to 9 trillion U.S. dollars in global economic losses.
 
This remark is obviously aimed at President Xi Jinping's speech at the opening of the World Health Assembly video conference two days earlier, when Xi Jinping said, "China has always kept the WHO and relevant countries informed of the epidemic situation in an open, transparent and responsible manner.  "
 
Will it lead to a new cold war between China and the United States without stopping warming up?  The answer may not be!  However, it has obviously caused more economic instability, including the extremes of trade agreements and sanctions.
 
Many central banks have indicated that they will formulate unlimited monetary easing policies to cope with the economic impact of the epidemic. Yesterday, Britain issued bonds at negative interest rates for the first time and issued 3.75 billion pounds of three-year government bonds with an average yield of -0.003%.
 
The U.S. Federal Reserve did not rule out the possibility of further implementation of economic support measures earlier, and the remarks attracted much speculation.  Leading to a slight drop of 0.04% in the US dollar index.

 
Tensions between China and the United States and monetary policy have given gold price support.  Gold prices rose yesterday.
 
However, the market's hope for economic recovery has increased and its risk appetite has improved, limiting the rise in gold prices, which closed at 1748 in US market hours.  And as yesterday said, the resistance level set in April 1748, gold seems to be consolidating in this position, waiting for the next wave to erupt.
 
Crude oil gets rid of negative oil price haze!  Yesterday, the United States released a very encouraging figure for crude oil stocks. The announcement was a big reduction of 500 barrels, which was 6 million barrels lower than the market forecast, because the market forecast that stocks would increase by 1 million barrels.
 
This is enough to prove that after the gradual lifting of restrictions by the U.S. state governments and the availability of medical doctors, citizens have stepped out of their psychological threats, returned to social activities despite the spread of the epidemic, and businesses have resumed operations, including ignoring government opposition before.

Tesla, who has insisted on returning to work.  All signs favor the price of crude oil.  New york crude oil futures rose 5% yesterday.   

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