Weekly

Throw waves

2022-06-15

June 15th

Today's amplitude range

It is expected that the Federal Reserve will show a tougher hawkish stance in order to combat inflation. Yesterday, the market raised the probability of raising interest rate by 0.75% this week to 90%. The gold market gradually digest that news of steep interest rate increase,

Two days in a row. Tomorrow morning, the Federal Reserve will announce the results of interest rate discussion, which may throw up waves again, and the people's market will remember to stop the erosion. It is suggested that today's wave is between $1,792 and $1,828.

According to the report of Reuters, China's foreign exchange balance in May was 21.32 trillion yuan. According to Reuters's calculation, the net outflow of foreign exchange from the mainland last month was nearly 9 billion yuan. This reflects the recent urgency of RMB.

The phenomenon of falling also reveals the seriousness of foreign capital leaving. Coincidentally, there is evidence that foreign capital in Hong Kong is also withdrawing, and the HKMA has re-entered the market to take over nearly HK$ 4.4 billion. It was announced last Thursday that the banking sector in Hong Kong

The aggregate balance decreased to less than HK$ 315.6 billion. Hong Kong stocks opened lower and closed higher, but rose less than a little. Following the decline of European and American stock markets, the Hang Seng Index opened 284 points lower and finally closed at 21,067 points. Investor sentiment is still trapped.

Against the backdrop of the war in Eastern Europe, worsening inflation and interest rate hike, European stock markets have failed to rebound after falling for several days.

Schnabel, Executive Director of the European Central Bank, said that he would use existing and potential new tools to deal with new emergencies, describing that monetary policy can effectively deal with the disorderly repricing of risk premium. Schnabel's words

On implied support for the European Central Bank to raise interest rates early to suppress inflation. The three major European stock indexes fell for 6 days in a row, and the German DAX index fell by 0.91%; Paris CAC index fell by 1.2%; Britain's FTSE 100 index fell 0.25%.

Last night, the Federal Reserve started a two-day meeting on interest rates, and the results of the meeting will be announced in the early morning of June 16th. The market pressed the Federal Reserve to speed up the rate hike, and the yield of 10-year U.S. Treasury bonds rose above 3.5%.

With more hedge funds leaving the risk market, new york's three major stock markets finally developed independently, and the Dow Jones index fell by 0.49%; The S&P 500 index fell 0.38%; The Nasdaq Composite Index has dropped too much recently,

Survived the decline yesterday and rebounded by 0.18%.  

It is expected that the Federal Reserve will show a tougher hawkish stance in order to combat inflation. Yesterday, the market raised the probability of raising interest rate by 0.75% this week to 90%. The gold market digested the news of the steeper interest rate hike one after another, and fell for two consecutive days.

The price of gold once rebounded, but the haze of raising interest rates lingered, and finally it ended in a market decline. The highest price of gold was $1,831.7, and the lowest price was $1,805.2, closing at $1,808.5, down $11.

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