Weekly

May 10th

Today's volatility range:

Due to the re-outbreak of COVID-19 in China, the wars in Eastern Europe are endless, inflation is worsening globally, and the pressure to raise interest rates is greatly increased. However, the policy of raising interest rates has the opportunity to drag down the economy brought about by the previous monetary easing policy.

Due to the long-term situation, global investment sentiment is low. The gold market is also doomed. The price of gold is testing the support of $1,832, and today the suggested volatility is $1,837 to $1,863.

Yesterday, Chinese Premier Li Keqiang warned that the employment situation in China has become severe due to the COVID-19 epidemic. Affect the global market sentiment is further affected. Frustrated. Hong Kong stocks were closed yesterday, but the market was closed.

Hong Kong stocks returning from today's letter holiday are doomed, and the Hang Seng Index's 20,000-point price seems to be lost. To commemorate the Soviet Union's victory over Nazi Germany in World War II, some European countries set May 9th.

"Great Victory Day". Yesterday, after taking charge of the military parade in Moscow's Red Square, Putin of Russia delivered a speech, saying that all Russian plans are being implemented according to schedule, and he said that they will be.

Get results. Putin's statement that the outside world fully understood that the "special military action" of invading Ukraine has not yet achieved results, and the war will continue! Ukrainian President Zelenski is also there.

Yesterday, I commemorated the same activity in the territory of Ukraine, saying that other countries would not bury the achievements of that year's victory, and insisted that Ukraine could drive the invaders out of the territory just as it did when it expelled the Nazis!

Under the condition that both Russia and Ukraine have indicated that they will not cease fire, the war in Eastern Europe will continue indefinitely until one side declares its surrender. Yesterday, a member of the Executive Committee of the European Central Bank warned that the euro

The damage caused by the Russian-Ukrainian war to the regional economy has brought the economy to a standstill, which makes the European Central Bank face a more complicated situation, because if it tries to curb inflation by monetary contraction, it may eventually lead to economic administration.

The consequences of retrogression. European stock markets are shrouded in an uneasy atmosphere, with the three major European stock markets falling by more than 2% across the board and the German DAX index falling by 2.12%; Paris CAC index fell by 2.27%; British FTSE 100

The index fell by 2.34%. The global investment market in Europe commemorates the "Great Victory Day" of the victory over Nazi Germany, losing ground, whether it is the performance of the market, newly invested cryptocurrencies, traditional conservative gold,

As well as natural gas and crude oil, which caused a sharp rise in prices due to the Russian-Ukrainian war, all recorded losses, among which bitcoin fell by nearly 10% and natural gas fell by 12%! And the US dollar, which has recently risen due to interest rate hikes, has also

See red, but yesterday it also dropped from a high close to 104.2 points to the worst 103.4 points, and finally closed at 103.7 points, up 0.04%, maintaining a positive number.

Yesterday's decline in the investment market was due to the fact that China was getting out of control because of the COVID-19 epidemic, and the whole country stepped up efforts to enclose communities, which tested the mainland government's ability to resolutely implement dynamic zero clearing and its affordable consequences. country

Premier Li Keqiang said yesterday that China is facing a serious unemployment situation, fearing that prevention will also affect the global economy. Coupled with the market's measurement that global inflation is deteriorating, the Federal Reserve's relatively moderate monetary policy last week.

It may be a misjudgment. Investors are worried about the economic slowdown and take the lead in reducing the investment ratio. Under this situation, of course, U.S. stocks are not immune. The three major stock indexes of Wall Street fell, and the Dow index still fell by 1.71%. General standard

The 500 index fell by 3.07%; The Nasdaq Composite Index fell 3.78%. There is an uneasy atmosphere in the global investment market. Because of the re-outbreak of COVID-19 in China, the wars in Eastern Europe are endless, and inflation is global evil.

The pressure to raise interest rates has increased greatly, but the policy of raising interest rates has the opportunity to drag down the economic growth situation brought about by the previous monetary easing policy. Among many investments, the US dollar index is the only one that keeps a positive number, but it has brought down the gold market.

As an excuse, the gold price once reached the highest of $1885.9 and the lowest of $1851.8, and finally closed at $1854, down by $29.6.

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