Weekly

May 16th

Today's volatility range:

The market is betting that the Fed will increase interest rates, and the market is flocking to the US dollar, which is not conducive to the recent performance of the gold market. The war in Eastern Europe is still going on, but some media reported that Russian troops suffered heavy losses in Lugansk, eastern Ukraine.

There is a chance to reverse Putin's persistence in winning, and the risk aversion of gold may disappear, which is also beneficial to short play. The gold market fell for four weeks in a row, and once briefly pierced the $1,800 mark, because the position below was too

Far, if the above-mentioned pass falls, it will fall by 40 dollars more, and there will be no support until about 1760 dollars. The suggested volatility today is $1,796 to $1,820.

Chinese Premier Li Keqiang warned last week that the employment situation in China has become severe due to the restriction of the COVID-19 epidemic. The global market sentiment was further frustrated, and then mainland officials expressed infection.

The number of people has declined, and it is expected that the economic activities suppressed by the epidemic earlier will rebound in retaliation, which will become an engine to stimulate the mainland economy. But in reality, the distant water can't put out the fire, and the trend of RMB continues to be weak.

The offshore RMB exchange rate reflecting foreign investment in the Mainland fell below 6.78, a record low of more than one and a half years, and the exchange rate of Hong Kong dollar hit the weak guarantee level of 7.85. The HKMA re-entered the market every three years to defend the exchange rate of Hong Kong dollar.

The Hang Seng Index closed at nearly 19,000 points on Friday, down 103 points or 0.52% for a week.

Both Russia and Ukraine have indicated that the war in Eastern Europe will not cease fire, and the war will continue indefinitely until one side declares its surrender. European stock markets fell first and then rose last week. The European economic figures released last week.

Unexpectedly better than market expectations, coupled with the speech of European Central Bank President Lagarde, it is said that the European Central Bank will still maintain the existing zero interest rate policy until the fourth quarter of this year. Investors take advantage of the low stock prices of European companies to make speculative purchases.

In Europe, the three major stock markets began to rebound across the board on Tuesday. In a week, the German DAX index rose by 2.96%. Paris CAC index rose by 2.51%; Britain's FTSE 100 index rose 0.41%. British domestic production

According to economists' comments, the reason for this economic recession in Britain is the same as that in most European countries, mainly because commodity prices, especially international crude oil and natural gas, have risen rapidly, leading to a successful life.

Ben is increasing, crisis.

In addition, yesterday, European companies announced that their performance was not satisfactory. The three major European stock markets fell across the board, and the German DAX index fell by 0.69%. Paris CAC index fell by 1.03%; Britain's FTSE 100 index fell by 1.61%. The United States announced

Last month, the consumer price index was higher than the market expectation, and investors were suspicious of the "moderate" interest rate increase policy expressed by the Federal Reserve last week. Powell, chairman of the US Federal Reserve, made pessimistic remarks about the economic outlook, saying that the Federal Reserve

He is trying to control inflation. I believe the bureau can still achieve its goal, but at the same time, he expressed a pessimistic view, saying that there is no guarantee that the US economy can make a soft landing. U.S. stocks opened higher and closed lower this week, summing up one week, the top three on Wall Street

The stock index fell more than 2%, and the Dow Jones index fell 2.14%; . The S&P 500 index fell 2.41%; The Nasdaq Composite Index fell 2.81%.

The inflation data of the United States is still high, and the hawks in the Federal Reserve still support the 0.75% interest rate increase. The market is flocking to the dollar, but gold has lost its light. On Wednesday, the stable currency LUNA plunged 99%.

Bitcoin fell below $28,000, and the price of gold rebounded. However, under the expectation of interest rate increase, the dollar continued to be sought after. The US dollar index rose above the 105-point mark, while the price of gold declined steadily.

The lowest price in the week was $1,799.2, the highest price was $1,885.9, and the market closed at $1,811.5 on Friday. In a week, the price of gold fell by $72.1.

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