Weekly

June 2nd

Today's amplitude range

Global inflation is worsening, and central banks are rushing to raise interest rates. The United States Federal Reserve announced that it will start a new rate hike cycle in May, while the central banks of New Zealand, Canada and the United Kingdom have raised interest rates three times in a row, and the European Union will also

Raising interest rates ahead of schedule, which made the market's strong expectation for the US dollar slightly closed. The price of gold broke through yesterday, once falling below $1,830, and then quickly rebounded to $1,850. The gold price once again entered 1840-1870.

The volatile area of the US dollar. The suggested volatility today is $1,842 to $1,856.

The first-stage vouchers of the second phase distributed by the Hong Kong government played a role. The retail sales in April announced yesterday were provisionally estimated at HK$ 30.2 billion, up 11.7% year-on-year, far exceeding the market expectation of a drop of about 8%.

It is obvious that consumers' consumption mentality of buying early and enjoying early has stimulated local consumption. However, last month's Caixin China Manufacturing Purchasing Managers Index published by the mainland was below 50 points for three consecutive months, and it was in a contraction range for a long time.

Yesterday, investors stopped earning, and the Hang Seng Index finally closed at 21,294, down 120 points or 0.56%. Due to the sharp rise in food and energy prices, European inflation has risen above 8% level, and some members of the European Central Bank support early

In July, the interest rate was raised to 0.5% to suppress the inflation momentum. Their remarks were more eagle than the 0.25 implied by the governor of the central bank earlier. The news caused the three major European stock indexes to fall across the board, and the German DAX index fell by 0.33%.

Paris CAC index fell by 0.37%; Britain's FTSE 100 index fell 0.98%.

U.S. Treasury Secretary Janet Yellen admitted to underestimating the growth rate of inflation, saying that the Federal Reserve would actively take necessary actions. The words just fell, and San Francisco Fed President Daley said yesterday that she supported a sharp increase in interest rates until inflation leveled off.

Interest rate, as a dove before her, was also so radical. The pressure of the risk market on the Fed to raise interest rates rose, the three major stock indexes on Wall Street fell across the board, and the Dow Jones index fell by 0.54%; The S&P 500 index fell.

0.75%； The Nasdaq Composite Index fell 0.72%. Inflation in the United States may continue to rise, and the market's gloom over the Fed's interest rate hike will widen. However, the price of gold is unexpected, falling first and then rising. Under the expectation that the US dollar will raise interest rates.

At the previous 102-point level, the price of gold fell under pressure in the early stage, with the lowest price of $1,828.5. However, when it entered the US market, the price of gold rose sharply by $14, with the highest price of $1,850. With the support of members of the European Central Bank

The interest rate was raised to 0.5% early in July, and Canada announced a 0.5% interest rate increase. The expected value of the US dollar was diluted, and the gold price finally closed at 1846.7 US dollars, up 9.2 US dollars.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak