Weekly

May 5th

Today's volatility range:

Just as the market expects the United States to raise interest rates by 0.25% this month, Federal Reserve Chairman Powell made a speech after the results of the interest rate discussion, saying that the Fed will raise interest rates to a neutral interest rate (i.e. 2.5%) first. If it is confirmed that it is necessary to continue to raise interest rates,

They will not hesitate, but they may raise interest rates by 50 ideas each in the next two meetings, without considering the one-off rate increase of 75 ideas. The attitude of the Fed officials eased the expectation of future interest rate hikes, and the price of gold

It is bound to hit the 1900 level in the short term. The suggested volatility today is $1,892 to $1,910.

Hong Kong stocks ended their five-day rally. Fitch, a credit rating agency, lowered its forecast of economic growth in the Mainland, and lowered China's economic growth this year to 5.3% due to the recent epidemic situation in the Mainland. Hong Kong stocks opened lower yesterday, and then

The selling pressure in the market increased, coupled with the market's concern that the Federal Reserve would announce the interest rate decision early this morning and the lack of support from Beishui. Finally, the Hang Seng Index closed at 20,869 points, down 232 points or 1.1%, and lost 21,000 points again.

Pass. In order for Putin to claim victory on the Victory Day held in Moscow on May 9th, Russian troops continued to increase their artillery fire in eastern Ukraine, while the European Union was preparing for the sixth round of sanctions against Russia.

It will worsen inflation in Europe, and the consumption power of European residents will drop sharply. According to the retail sales data of the euro zone released last night, it fell by 0.4% from the previous month, which shows that the industry performance lacks confidence in the economic prospects of Europe, plus

Under the pressure of the Fed's interest rate hike expectation, the three major European stock markets fell, and the German DAX index fell by 0.40%; The French stock market, the capital of famous brands, is the worst, with the CAC index in Paris, France falling by 1.24%; Britain's FTSE 100 index fell 0.89.

%。

Investors are concerned about the results of the US Federal Reserve's interest rate meeting, and US stocks fell early. The Federal Reserve finally raised interest rates by 0.5% as expected by the market, which is the biggest increase recorded by the Federal Reserve since 2000, but it shocked the market the most.

It was the speech made by Federal Reserve Chairman Powell after the result of the interest rate discussion. He said that the Fed would raise interest rates to a neutral rate (i.e. 2.5%) first, and if it was confirmed that it was necessary to raise interest rates further, they would not hesitate, but in the next two times.

The meeting may raise interest rates by 50 ideas each, without considering the situation of raising interest rates by 75 ideas at one time. Powell's remarks made U.S. stocks soar in the tail market. The three major stock markets on Wall Street rose more than 3%, and the Dow Jones index rose 2.81; Standard & Poor's

50 index rose by 2.97%; Nasdaq index rose 3.19%.

On the eve of the Fed's interest rate hike, there was a strong wait-and-see atmosphere in the early part of the gold market, and the volatility was limited to about $10, the most turbulent of which was one hour after the announcement of the change of non-agricultural employment in the United States, when the data was handed over to 247,000, which was higher than the market.

It is expected that the price of gold will go up and down sharply, but the volatility is still limited to 10 USD, and the lowest price of gold is 1861.5 USD. After the results of the Fed's interest rate discussion, Federal Reserve Chairman Powell made it clear that he did not "actively consider" raising the interest rate by 75 USD.

After 10 basis points, the price of gold rebounded obviously, reaching a peak of 1890, and finally closed at 1881.5 USD, up by 13.5 USD.

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