Weekly

After the U.S. stock market collapsed last week, the market highly expected the Global Central Bank to rescue the market and the economy. The Bank of Japan took the lead. Many big banks also expected the Federal Reserve to cut interest rates by half a percentage point soon.

Moreover, before the interest rate meeting on the 17th, some actions may have been taken. Market tensions eased, US stocks rebounded by more than 1,000 points and gold prices stabilized at a low level.

After holding a regular meeting this morning, the Australian Central Bank also announced a 25 basis point cut in interest rates and declared that it was ready to further expand its monetary policy. The Global Central Bank joined hands to rescue the market.

It is certain to increase the size of the current loose currency in the world, and the medium and long term can stimulate the gold price to stabilize.

The U.S.-foreign exchange weighted index continued to decline in response to the Federal Reserve's rescue policy. Gold prices experienced a big shock early yesterday and then softened after a high. However, as the market conditions stabilized,

Gold price volatility begins to narrow and consolidate.  U.S. President Trump again posted on social media, criticizing the Fed's slow response.  He pointed out that President Powell and the Federal Reserve had been slow to respond.

Germany and other countries are injecting funds and other central banks are making more progress.  To make the right decision, the United States should keep interest rates to a minimum.  However, the interest rate has not been lowered to the lowest level.

The United States is at a disadvantage. The United States should lead the world, not follow everyone.  The market hopes that the Federal Reserve will be forced to rescue the market. U.S. stocks rebounded by more than 1,000 points and once suppressed the gold price from falling to its intraday low.

With the easing of market sentiment, the trend of the gold market, which was dragged down and weakened last week, will also start to stabilize and the volatility of the gold price will begin to narrow.  Gold prices are generally between 1590 and 1600 for consolidation.

After one more period of vomiting, it is expected to benefit from the low-interest environment around the world and return to good.  There are no important economic data to be released in the United States tonight, but the news of the rescue and G7 financial leaders may be released after the conference call.

Exports in succession will have an immediate response to the current market situation and need to develop more closely to the market situation.