Weekly

July 18th

Today's amplitude range

The weekly chart of gold price has been falling for five consecutive days. Last week, it even fell for five days. It once fell below $1,700. The gold price has entered a bear market, and it will remain weak under a strong dollar.

However, there is always a chance that the long decline will rebound, and the European Central Bank will announce a rate hike next week, which is expected to temporarily pull down the US dollar index, and the gold price will rebound next week.

Opportunities have increased greatly. Once it falls below $1,700, it's worth opening the position. Stop the loss with $1,688, and fight for $20 to $40 with $10. The value beat rate is extremely high. Today's suggested volatility is 1698 US dollars.

To $1,722.

Affected by the repeated outbreaks in the Mainland, China's GDP growth slowed down significantly in the second quarter, rising by only 0.4% year-on-year, which was lower than the market's expected growth of 1%, plus investment.

Worried that the global economy is going into recession, global stock markets are generally falling, and Hong Kong stocks are unavoidable. In addition, the owners of uncompleted residential flats in the Mainland plan to organize a collective supply cut-off plan, forcing the provincial and municipal governments to

When the government solved the problem, the domestic bank immediately became an arrow target, and the investment atmosphere was even worse. The Hong Kong stock market underperformed the global stock market. In a week, the Hang Seng Index plunged for five trading days.

128 points or 6.57%, closing at 20297 points.

The COVID-19 epidemic in China is on the rise. Investors are worried that the global economy will enter recession, and the international oil price will drop by water. For a time, the U.S. oil futures price once fell to the edge of $90, and the oil price plummeted.

It is also affected by the investment atmosphere in the market, and the Bank of Canada has made heavy efforts to manage inflation. Last Wednesday, it announced a 1% interest rate increase, which made the risk market worse. Three major European stock markets

In the end, the DAX index of Germany fell by 1.16%. Britain's FTSE 100 index fell by 0.52%, while Paris's CAC index rose slightly by 0.05%. Fed's interest rate hike

Deeply concerned by the market, Bostic, an official of the Federal Reserve, said last Monday that he was confident that the economy could bear higher interest rates and supported another 0.75% interest rate increase in July.

U.S. stocks fell due to interest rate hike, and then Canada raised interest rate by 100 points. After that, the decline of U.S. stocks deepened, and two more senior Federal Reserve officials came out to cool down the panic of interest rate hike. Federal Reserve

Waller and Brad respectively indicated that they would support a 0.75% interest rate increase in July, and explained that unless inflation is very strong, there is no urgency to raise the interest rate by 1% in July. The Wall Street stock market

The weekly decline narrowed, and the Dow Jones index fell by 0.16%; The S&P 500 index fell 1.01%; The Nasdaq Composite Index fell by 1.17%. Last week's performance of US economic data

Think,

In particular, the growth of non-agricultural employment data is much better than expected. Compared with the recession crisis that Europe is facing, the US dollar has become the best hedging tool, and Canada has raised interest rates by 100% in a big way.

After the idea, the bond market reflected that the opportunity for the United States to raise interest rates by 100 points in July greatly increased, and the upside-down degree of US long-term and short-term Treasury yields widened to the highest level since 2000, the US dollar

The index once rose above the 109-point mark, and the gold market was completely under pressure. Last week, it fell for five days, with the lowest gold price reaching 1697.7 yuan, the highest gold price reaching 1745.4 yuan, and finally reaching 1707.5 dollars.

After closing for a week, the price of gold fell by $34.8.

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