Weekly

July 11th

Today's amplitude range

The U.S. Federal Reserve does not expect the U.S. economy to land hard because of the interest rate hike. It seems that the Federal Reserve is willing to sacrifice part of the labor market to balance prices, and it will also show that it can fight inflation.

We are determined to raise interest rates by 0.75% again in July. Although the European Central Bank will also start to raise interest rates earlier, the US dollar still has an advantage in interest rate spread, and the US dollar will remain high.

Hovering, the downward pressure on the price of gold is still there. This week, the focus is on the inflation trend in the United States. Today, the suggested volatility of Friday is retained, that is, 1733 USD to 1753 USD.

Last week was the 25th anniversary of Hong Kong's return to the motherland, and President Ji Jinping paid a personal visit to congratulate him. Unfortunately, he didn't give a big policy gift like the market forecast. A good dream came true and Hong Kong stocks were small.

Fall. Last week, the government announced that it would suspend the fuse mechanism of individual routes from now on, which became good news. However, the market was worried that the global economy was going into recession, and the Hang Seng Index

It is still inevitable to fall, closing at 21,725 points. In a week's summary, it fell by 134 points or 0.61%. Three major European stock markets rose for two consecutive days. Meeting of the Governing Council of the European Central Bank

The minutes further provide the trend of interest rate increase. In its agenda, it shows that the upward risk of inflation in Europe has increased, and a few members expect to suppress the price increase by raising interest rates by a large amount.

It is emphasized that we must avoid any idea that "gradual rate increase" means that the rate increase will not exceed 0.25.

The intention of the European Central Bank to raise interest rates early is obvious, but the rate is still moderate compared with that of the United States. In a week's conclusion, the three major European stock markets rose across the board, and the German DAX index rose.

1.58%； Paris CAC index rose by 1.72%; Due to the political instability in Britain, which was forced to step down by British Prime Minister Johnson, the British stock market lags behind other European regions,

Britain's FTSE 100 index rose 0.39%. The US stock market rebounded last week. Last week, two Fed officials supported a further rate increase of 0.75%, saying that they expected inflation to be successfully suppressed next year.

Down, and stressed that the American economy has the opportunity to make a soft landing.

The news from the officials of the Federal Reserve has removed some of the market's gloom about the recession of the economy. In addition, the economy is doing well, especially the growth of non-agricultural employment data is much better than expected. For the whole week,

The three major Wall Street indexes rose across the board, with the Dow Jones index rising by 0.77%; The S&P 500 index rose by 1.88%; The Nasdaq Composite Index rose 4.66%. Investors' interest in European economy

Lack of confidence, it is expected that Europe will face an inevitable recession prospect. The exchange rate of the euro against the US dollar has even fallen to a 20-year low, and the US dollar index has risen above 107 points, which is also the highest in the past 10 years.

In recent years, the strength of the US dollar has become the main reason for the decline of gold price. After the gold price peaked at $1814.4 last Monday, it fell sharply on Tuesday and Wednesday, with the lowest price at $1732.2.

Dollar, and finally closed at $1,742.3. In a week's summary, the price of gold fell by $67.2, and the gold market fell for four consecutive weeks.

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