Weekly

July 29th

Today's amplitude range

The market sees through the Fed Chairman Powell's role as an eagle to realize expectation management, and they all bet that the Fed will not dare to raise interest rates sharply again in September, and the US economy will become technical.

The recession has also weakened the strong performance of the US dollar and contributed to the upward trend of the gold price. The gold price exceeded US$ 1,750 yesterday, which is testing whether it can take another step or make a false breakthrough.

The key is to hold the 1740 mark; It is expected to consolidate today. Today's suggested volatility is $1,745 to $1,765.

The US Federal Reserve announced a 75-point interest rate hike, but the Hong Kong government did not immediately follow the interest rate hike, which was regarded as half good news for Hong Kong stocks. The Hang Seng Index opened 35 points higher, and the market was concerned about the beauty last night.

China announced the second quarter GDP, and there was a strong wait-and-see atmosphere. Under the circumstances, the transaction volume was obviously weak, only exceeding HK$ 90 billion, and the transaction volume was less than 1,000 for the 54th consecutive day.

At last, the Hang Seng Index closed at 20,622 points, down 47 points or 0.23%.

Although the market is worried that the European economic performance will be dragged down by inflation and decline, the European stock market has benefited from the technical recession in the United States and the weakening of the US dollar.

Relative attraction, coupled with the announcement of satisfactory performance by European companies, the three major European stock markets finally rose across the board, and the German DAX index rose by 0.87%; Paris CAC index rose by 1.3%;

Britain's FTSE 100 index rose 0.01%. Yesterday, the United States announced the gross domestic product (GDP) of the second quarter, which unexpectedly regressed by 0.9% and experienced negative growth for two consecutive quarters, forming the so-called technology.

Sexual retrogression, hit by such unfavorable data, the New York stock market opened down by more than 0.4%, and then US President Biden came out to bail out, saying that according to Federal Reserve Chairman Bowie

And the opinions of many important bankers,

The United States has not fallen into recession, and the strong Biden's voice has played an inspiring role. The three major indexes on Wall Street have turned upside down, with the Dow Jones index rising by 1.02%; The S&P 500 index rose by 1.21%;

The Nasdaq Composite Index rose by 1.08%. The gold market took on an early uptrend, and after the Asian market opened, it went all the way up. The market bet that the Fed's performance in economic data was uneven, and it was afraid to do so in September.

Suddenly, the interest rate was raised sharply, and the yield of 10-year U.S. Treasury bonds fell by more than 0.5%. In addition, yesterday, the U.S. experienced negative growth in domestic production for two consecutive quarters, which was unfavorable to the trend of the U.S. dollar, and the U.S. dollar index

It fell nearly 106 edges, and the gold price climbed up, reaching the highest of $1,757.1, and finally closed at $1,756.1, rising by $21.5.

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