Weekly

Swiss central bank joins in raising interest rates.

2022-06-17

June 17th

Today's amplitude range

The two European Central Banks announced interest rate increases yesterday, the Swiss National Bank and the Bank of England announced interest rate increases of 0.5% and 0.25% respectively yesterday, and the Swiss franc broke the record of the biggest one-day increase against the US dollar in seven years.

The US dollar dropped from a high level, and the US dollar index dropped to a minimum of 103.4, thus benefiting the gold price. Behind the interest rate hike is the phenomenon of higher inflation, and the gold market is still expected to rise further, but it can be absorbed at a low level. today

It is suggested that the wave be between $1833 and $1858.

Hong Kong stocks opened yesterday and followed the trend of US stocks, but in the afternoon, the futures of US stocks plunged, and the Hang Seng Index finally ended up rising first and then falling. Yesterday morning, the United States met market expectations, raising interest rates by "only" 75 points.

Investors still speculate on bad news as good news in the early stage. The Hong Kong Monetary Authority immediately followed the pace of interest rate hike in the United States and raised the basic interest rate of discount window to 2%; Hang Seng Index ended down. Hang Seng Index opened 200 points higher,

Finally, it closed at 20,845 points, down 462 points or 2.17%. To combat inflation, the Federal Reserve announced a 75-point interest rate increase yesterday morning. In Europe, the Swiss National Bank unexpectedly raised interest rates by 50 points, although

The Swiss central bank still maintains the negative interest rate policy after raising interest rates, but this is the first time since 2007, which is of great significance.

In addition, the Bank of England also announced an interest rate increase last night, raising the interest rate by 0.25% again, raising the official interest rate to 1.25%, the fourth rate increase this year. Action of raising interest rate suppresses risk market, three major European stocks

The finger protrusion rebounded early, and the German DAX index fell by 3.31%; Paris CAC index fell 2.19%; Britain's FTSE 100 index fell 3.14%. Yesterday morning, the Federal Reserve announced a 75-point interest rate hike, which leveled the US.

The biggest interest rate hike in China's history, because the market hyped bad news as good news, made the U.S. stock market rise as soon as possible. However, U.S. stocks opened lower yesterday, and a number of data showed that the U.S. economy was suffering from inflation.

Under the condition of deterioration, speculative funds come faster and go faster. The three major stock markets in new york finally fell by more than 2% across the board, and the Dow Jones index fell by 2.42%.

The S&P 500 index fell 3.25%; The Nasdaq Composite Index fell 4.08%. In Europe, the Swiss National Bank and the Bank of England announced interest rate increases of 0.5% and 0.25% respectively yesterday, and the two European Central Banks simultaneously

The interest rate hike made the US dollar less open. The US dollar fell from a high level, and the US dollar index dropped to a minimum of 103.4. The price of gold rose in the European period, and the lowest price of gold was $1,815.7.

See the highest price of $1857.6, and finally close at $1856.8, up by $22.8.

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